I think all of us should just go to Vegas for a week, get drunk, party, gamble, and settle all these differences of opinions in person. It would be fun. I'll room with LampChop.
Sos no room, lamp chop has to book a whole floor suite for all his sock accounts. i have a feeling LampChop can really party hard. i'm in, lets do this next year when price is 9K and climbing She'd like to be fucked real hard, yes, I'm sure we can all agree on that point. Otherwise, it's curtains. If LampChop is a 21yr old blond chick with blue eyes i call dibs otherwise ehhh have fun
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I wrote that a long long time ago. 2011 I think. It's been quite a ride so far. The problem with being ahead of your time is that you never know when (if ever) the rest of the world will catch up. Markets can remain irrational longer than you can remain solvent.-John Maynard Keynes
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This is it, the chicken formation. Get ready for some epic conclusions! That's hilarious dude. When we'll see the eggs? Finally, some sensible TA That is one huge cock formation. I like this one even more than the pterodactyl formation
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We should all stop selling for just 10 minutes and see what happens for shits and giggles.
Seriously though the largest growth keeps happening in single large 15 minute candles. Is this coincidence or is it perhaps 1 person accumulating large amounts of BTC over short periods of time and then letting the market re-equilibrate to not run up prices too fast?
say you are group of private equity that wanted to take a $50 mill position in BTC, how would you do it? (assume you managed to secure ~60% of that off the market already) Well technically I would try to contact a large mining company and get an OTC deal with them to acquire the bitcoins. BUT that could potentially take a lot more work to setup and if a mining company decided to no longer sell for cheap OTC, then I'd have to take my business to the exchanges. Maybe that's what has happened.....a few large OTC mining deals were stopped due to the coins being too low and now the miners would rather just hold them until the coin price gets bumped up to a more profitable level for them. Large buyer then flocks to the exchanges to slowly buy up the coins. By the way you were pretty specific about a private equity wanting $50 million position in BTC, do you have any other specifics you'd like to share?I don't believe that large miners operators can afford to just hodl for few months. In fact i don't believe in large mining farms operating without some contract in place already. Hey lets dump few mil in this run up thousands in electricity bills daily/weekly and we'll worry about how to liquidate our product ( BTC) after. Most likely all those coins are already spoken for for some duration of time. Things to consider if you want to open large position, you're not the only player scavenging miners for some coins so there's surely competition, the bigger the competition the more premium miners might want, you might want more volume than they can provide, or your contract with miners calls for premium of BFX*1.0X so miners turn around and just buy coins on market , etc, etc, etc... Now if you've exhausted all your other options and are left with buying on market with minimum slippage i'm guessing it'd look like what's happening right about now. Big buy let things settle put up some weak support, rinse and repeat. Until someone picks up on that and start going ape shit crazy on leverage to buy up coins so you don't get them
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Shorts getting squeezed out...still 17 K left though If we pass $300 look out I think a reasonable top (in an epic short squeeze) is $350 and most likely to happen in the next 3 days Great plan (if we totally ignore longs and just assume that they'll never cash out)
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... Like this? Guess she didn't make the audition to Disney's Ariel The Little Mermaid
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I like how everybody disregarded that 50000 BTC auction that is about to happen in approximately 48 hours.
isnt it on the 9th? you would think its obvious that second market is going to buy up the lot if possible.. Exactly, and if they do win I expect Barry to say so. is this the last batch to be auctioned off? if so, id also expect them to announce that they payed way over market price for them.. 1) because we are in the middle of bull run 2) btc will sky rocket so when they launch trading on their new pink sheets exchange, they will get way more for the bitcoins.. easy money.. there's one last batch of ~44K after this 50K after that we can all buy a fcking boat! Then gox distributed coins (if there are any left that is)
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US lost keys to their BTC and now trying to buy them up at open market? Can we start this rumor cause i like where this is going.
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Still no squeeze. But it must start to hurt soon.
btc swaps still ~20K on finex, they still waiting to cover. Do you not look at long swaps at all?
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Finex longs are closing in on $18.5MM that's from $15MM a month ago. That's around BTC12k btc bought on leverage. And only seem to continue to creep up
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btc-e has indeed been run properly for years now as far as i can tell , heck i've traded there myself and never had a problem either , but as compared to exchanges in china (government doesn't fuck around) and exchanges in the u.s. (government doesn't fuck around) it would presumably be a lot easier for the btc-e exchange which is run out of croatia if i remember correctly (a not long ago war torn country) to simply disappear eventually whenever they get to X millions goal to run off with ... my rationale for trusting coinbase is that (presumably) the folks who invested 75M into it know who they gave their money to / have a few extra M to hire bounty hunters / assassins / would be able to call upon the u.s. law and financial enforcement agencies should they attempt to pull any funny business (same goes for the major chinese exchanges , as far as difficulty evading chinese law and financial agencies)
- btc-e is not run from Croatia - Croatia was never torn by warBTC-E uses Ceska Sporitelna bank, Czech part of the ERSTE bank group that sucks money from mostly eastern part of Europe. Account holder is Mayzus financial from London, that's behind OKPAY as well. The guys are supposedly Bulgarians, website was never fully and properly translated from Russian and support speaks extraterrestrial english. Legit bussiness. Well depends on your definition of torn by is but they were definitely in war up till like '96 still a lot of bullet holes in buildings there
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...Cards do expire...No exchange...
Huh well at least he is honest wonder if any newbies will fall for this. If you do i'm selling some air with instant delivery
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Think weekend will correct.... Volume is up which is always nice.
Seems that the fiat's being adjusted as it's years end... Who knows what's cooking behind? Ask side is looking thin but again those $17.6MM (and growing) in longs had A LOT to do with that. If not for that i'd be really bullish
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Strange ass candle on OKCoin on wisdom, what happened there?
a leveraged position blew up. On such a low volume? prob. just a glitch
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Longs went beyond full retard $17.5MM guessing they're trying to make a quick buck leveraging Kim Dotcom news? Had a short squeeze now time for a long squeeze?
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Bear trap? Not many coins left on the ask side
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Instead of taking some profit and closing their positions longs are starting to push to $17MM
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I max leveraged short all my funds 3 hours ago what do i do? what do i do!?! Double down and short some MOAARR or learn your lesson and never short BTC either will work
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https://www.bitfinex.com/pages/statsIt now shows the amount used, this is helpful. Total sum of active swaps Total amount used in margin positions USD 16,652,318.73 USD 16,583,217.30 USD BTC 24,434.66 BTC 24,041.24 BTC Sweet didn't know that. I knew there was a reason i still drop by this thread
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No one talking about BTC421 market buy on finex closely followed by a BTC438 market sell? Is someone just generating income for finex?
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