I hate the 17000 $ wall We need to siege it.
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These guys have trillions in derivatives. Once wall street has their future positions 10-100x the size of the actual market, then it becomes cheap (and in fact very profitable) for them to move the price wherever they want it to be.
Only if they hold most of bitcoins in their custody, like it happens with gold and silver.
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Looking fairly comfortable at the moment Looks like a new floor will be forming around 18k. For this bitcoin will need to sideline.
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And if Amazon starts accepting bitcoin, right before Christmas?
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Correction is over. Now to 20k and beyond.
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Eu não confio na HitBTC.
Na época em que hackearam minha conta na Bittrex, eu usava a mesma senha em ambas as exchanges e em uma terceira (não lembro qual, pois não uso mais). Naquela época eu não estava usando 2FA em nenhuma das exchanges, mas o primeiro acesso do hacker tinha sido na HitBTC. Desde então eu tenho visto a HitBTC como uma exchange pouco segura.
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Fiz um TED faz duas horas e até agora nada. Está dizendo lá que está levando 3 dias para depósitos, é isso mesmo?
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Yes, we all have casually played with mercury. Of course this goes beyond casual contact.
Theres also sulphur, arsenic, antinomy...
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I noticed the 20% limit on futures is not for the entire month, but for a single day.
That is, if bitcoin go to 18k, they can put +20% on it, for january 18th.
If it go to 20k in the next day, they can put more 20%.
They only halt the trade for that day, and continue on the next.
This will boost the bull run. Because they will be betting for a increase, and people will be buying more so that the bets are hit, thus increasing the bets for january 18th, creating a snowball effect.
Just HODL it.
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<snip>
But the price can change by 20% in one day. Hell, in one hour. Or minute even. So what's the deal here? They haven't done their research, or they are trying to force bitcoin to conform to their fiat norms, or what?
yeah, they have no idea what they're dealing with. They are being pressured by their clients that want exposure to the price, but they can't cover losing bets when the price moves further than their margin limits can cover. I'm sure there is enough demand from the customers to continue futures trading, but they will need to re-think their approach: just imagine - they broke their limit in about 4.5 hours... just imagine what might happen when they close shop for the weekend? It is said they are going to use arbitrage. They will buy and sell from a real exchange and send it to futures. This video gives some explanation: https://www.youtube.com/watch?v=vGnH-Od1lJMOK, first of all, don't listen to those two guys in the video. they have no clue, you will get REKT Second, how are you going to "send it to futures" when the futures don't trade over the weekend? Third, oh, nevermind, you are going to be REKT no matter what I say. Best of luck trading Im not going to trade in futures.
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<snip>
But the price can change by 20% in one day. Hell, in one hour. Or minute even. So what's the deal here? They haven't done their research, or they are trying to force bitcoin to conform to their fiat norms, or what?
yeah, they have no idea what they're dealing with. They are being pressured by their clients that want exposure to the price, but they can't cover losing bets when the price moves further than their margin limits can cover. I'm sure there is enough demand from the customers to continue futures trading, but they will need to re-think their approach: just imagine - they broke their limit in about 4.5 hours... just imagine what might happen when they close shop for the weekend? It is said they are going to use arbitrage. They will buy and sell from a real exchange and send it to futures. This video gives some explanation: https://www.youtube.com/watch?v=vGnH-Od1lJM
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FOMO is already under way. The shorters betting in CBOE are losing the game.
20k next weekend?
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To make the price fall, they need to actually buy bitcoins and short them. But the investors who buys futures contracts are not buying bitcoins, they are buying a contract. Now, the fund who is selling the contract might buy bitcoin in case the investor wants the real product in the end, instead of cash. The issue is when the operation is inverted, because its possible to sell a bitcoin which you dont have as well. They have been doing that for years with stocks: http://www.zerohedge.com/news/2017-12-09/crypto-cornucopia-part-4-without-it-youre-talking-mad-max that why theres FUD over it.
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Well, I remember back at China FUD, the banker Jamie Dimon had called bitcoin a "fraud" at the same time his bank was buying bitcoin papers in Nasdaq Stockholm. He was even accused of fraud by the swedish state.
So I think in the long term, they are going to adopt it, because most people dont want to have responsibility over their own money. They want it on the bank, because hackers. The banksters only criticize it to create FUD and buy the dips.
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The FUD is strong these days, almost reminds me when BCH was a thing XD
Some people might FUD because theres no clear explanation of how futures work, and we dont know who have been pumping bitcoin recently. It could be hedge funds who are going to sell contracts in CME, and we dont know if the banksters who are against bitcoin will be their clients or not. So some people are shorting, based in this fear, I think. If you are going to short, just short some small bit, hold the rest, because fiat is not worthy it, unless you really want it to pay bills.
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Hold.
If you want to sell, you can sell a small bit, like 10% of your stash, but only if you are sure it will fall, then use it to rebuy more at the bottom. You can miss it, though.
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It's not technically a Bitcoin exchange. Why would derivatives be listed in Bitcoin's CMC? Maybe they want to inflate the marketcap with bitcoin which don't exist.
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What I find odd in all these confiscation stories is the password protection of confiscated bitcoins. I mean ok, the authorities might have access to a wallet.dat which says it has XXXX bitcoins in it, but from there to actually accessing the funds is quite some distance away - assuming there is a wallet key protecting the funds.
That's why I'm assuming that most authorities' "confiscations" do not necessarily translate to getting access to those coins.
But dont they interrogate the guys who are arrested?
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