Indeed! maybe someone is cashing out))

exactly!
moreover the very essence of the arbitrage opportunity is based on the fact that this opportunity sharply diminishes as soon as it gets more and more people exploiting it. So, if I had a profitable system whether it based on a traditional arbitrage or some sophisticated model giving me theoretical true value to which the value of bitcoin should converge, I would do everything so that others would not be able to use it

back in the dayz when bitcoins were crashing, i got 172% in 2 weeks and it wasn't arbitrage, it was my first version of trading robot, which traded on the reversals))))

I got over 24%, but im not using arbitrage)) i have hft bot

haha I got better result

Thanks man!))

Guys please could you check if huobi is down or its just me

It appears that my browser doesn't open huobi site, however I can see some trading activity is going on via wisdom.com,

Can someone clarify if its me or the site is really down??

You are entitled to your opinion ))

To Mister S:
Most doesnt mean the biggest, as you may see, I wrote that according to BLOOMBERG the auction gathered a lot of WS guys, about your forecast - everyone is entitled to their own opinion, even you)))


To acs267:
The bigger the price BEFORE auction ON THE MARKET means they have bigger price ON THE AUCTION, hence they are going to lose even more nominal wealth AFTER the auction with every % down move, if we dump after the auction, therefore they are more vulnerable if they buy it with higher price
If we are dumping now they will have nicer price))

I used the movie only to make it clear for you guys, there is a big branch of research on predatory trading, if you are not familiar with it so, thats your problem)))

This goes especially to the chinese, as collectively they are the biggest players in the market so far!! Please if its interesting to you, spread this idea with your friends)))

    According to bloomberg, the coming auction will gather a lot of wall street guys, so if you saw "the wall street" movie (1987), there is an "evil" guy who acts in the framework of a predator on wallstreet, when he knows about the upcoming deal, he tries to push the price up, so that the other guy will be buying at much higher price.
    I suggest predatory play, pumping the price up^ and after the auction will be done, sell it very low, because we know very big position of the WS guys, we can eat them by making them to stop the loss in the market so we could buy coins at even lower prices, selling coins now you guys givving opportunity WS to make a lot of money.
    So, what do you think?)

For instance, we assume that he begins to buy it rapidly -> prices will be rapidly rising -> creating expectation that price will rise even more -> most of market makers will change their price for a higher one -> this will lead to a rise in price even more rapidly than Gates buying them -> there are different scenarios could be taken into account from this point:

1. As already mentioned by others, some people might not sell their coins -> shortage of supply and increase in demand leads to a higher price in short run -> later the "Gates" hype will go down and prices will begin to go down making to panic those guys who didn't sell (opportunity profit goes down) with Bill panicking even more as he is now a great looser, making him sell in loss, therefore driving price down even more rapidly than it went up.

2. Imagine that everyone has its price, and as someone suggested someone will sell their coins for $1 trillion (ceteris paribus, meaning we do not consider hyperinflation of usd), therefore Bill will not be able to buy all coins, and eventually it will lead to the same situation as later in #1 scenario.

3. We imagine scenario #2, but Bill has enough money, therefore he buys/gets every bitcoin(he even hacks those wallets, which passwords was forgotten, and even recovers crashed hard-drives with bitcoins, etc). From here there are possible other scenarios:
    a.) He holds them to produce shortage in supply and increase in demand to make money, as he thinks, but market realises that the prices Bill was buying for actually are not fair -> therefore prices go down, Bill 'loser" sells at loss.
    b.) the same scenario as in 3a, but we imagine that bitcoin community came up with some magical usage of bitcoin, so that it creates unreal demand for bitcoins, price continues to rise -> At some price-levels Bill will begin to cash out, everyone thinks that Bill knew this before, and everyone thinks that he is a smart-ass, W.Buffet is little girl in comparison with Bill.

4. The same scenarios as in 3 (a and b), apart from the fact that buy not Bill but the US government, here we have different approach, imagine that Gov buys not based on financial means but to destroy the whole system, they are printing enough money to buy all bitcoins and not going to sell them at all, not even under possibility of great gain, what do we have from here:
     Very big supply of USD, we are very rich and switching to litecoin  -> weaker dollar, we are very happy -> GOv realises that and begins to switch its economy on bitcoins, and revealing the "TRUE AMOUNT" of USD in circulation (admiting that they were covering this information) -> litecoin rises on this information enormously  -> we are again very rich  BUT everyone else who was holding fiat money are broke -> therefore GOV and many who became rich begin to donate and air drop money, the so-called 'redistribution of wealth' takes place

Yeah u r right in my opinion, bitcoin will fall very low if gox will gox everyone)) by the way whats about fed's bitcoins, did they sell it and where, how, anybody knows?

I personally have stoplosses coded in my bot -.-"

what are your thoughts on crashing bitcoin prices, what could cause such drop and what do you think is the bottom for this crash? I personally think it just big players' stop-losses were triggered and the bottom is around 700 (mtgox)

try other contacts:
@btcecom
 Icq - 610112128
 Skype - btc-e.support
 E-mail - support@btc-e.com

yeah, my personal advice would be python, big community and readable syntax

you can always learn programming on your own, nowadays education revolution is going pretty good, so you can do it for free, codeacademy.com is a good place to start, they have different languages from html to ruby

I see a lot of overhead resistance, that makes me feel pessimistic!  what do you think when are we going to break it?