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2261  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore on: October 24, 2013, 03:55:05 AM
Most people hate jaroslaw and walsoraj. I find them to be some of the great visionaries of our times; fountains of truth, even when it results in them being viciously attacked by those such as dogfacebird.
2262  Economy / Speculation / Re: call the new ATH on: October 24, 2013, 02:45:17 AM
The next new ATH has to be $267 right?

266.00001?
2263  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore on: October 24, 2013, 02:26:23 AM
Tractors with GPS can do pretty cool things at harvest time!


Someone should make a private key but not tell anyone and see if a passing plane grabs it. Then you can in the news some farmer transferred a tip to some random stranger flying by!


Lol, somebody probably would find it on google earth first. Also if you're going thru all that trouble, may as well create a vanity addr Smiley

dose this scan to an actual BTC address?

Its almost certainly just a photoshop (and a very easy one to make), so yes.
2264  Economy / Speculation / Re: Winklevoss Bitcoin Trust on Bloomberg on: October 24, 2013, 02:24:49 AM
So they are going to lose a couple % of their bitcoins but accelerate the rate of their acceptance drastically..?
2265  Economy / Speculation / Re: Winklevoss Bitcoin Trust on Bloomberg on: October 24, 2013, 02:21:35 AM
So basically you are buying futures in bitcoin when you buy this stock? I don't understand how this works.

I think its more like you're buying a share in Winklevoss's 1% stake in bitcoin.
the Winklevoss hold the bitcoin, and say that these shares are as good as the real thing, and poeple trade the shares not the bitcoins.
poeple believe that these shares are as good as the real thing, so in theory they will follow BTC price very closely.


can you actually get BTC out of this trust?
no i would think not. $ in $ out.

so why do poeple believe its as good as the real thing?
idk!

So basically even if every single "share" of their bitcoin was bought, not a single coin would be bought on the market? All the Winklevoss gains are from fees?

In other words of some other words, its the way they can dump their coins without crashing the market.


I dont follow. If the trust is cancelled everyone gets refunded [lets just make it simple] anll their gains are from fees. Now, the market price should not have been changed because of the ETF because all it does is reduce demand on the exchanges... but increases interest. So, if it closes, maybe the price drops. Now where did they offload the coins?
So basically you are buying futures in bitcoin when you buy this stock? I don't understand how this works.

I think its more like you're buying a share in Winklevoss's 1% stake in bitcoin.
the Winklevoss hold the bitcoin, and say that these shares are as good as the real thing, and poeple trade the shares not the bitcoins.
poeple believe that these shares are as good as the real thing, so in theory they will follow BTC price very closely.


can you actually get BTC out of this trust?
no i would think not. $ in $ out.

so why do poeple believe its as good as the real thing?
idk!

So basically even if every single "share" of their bitcoin was bought, not a single coin would be bought on the market? All the Winklevoss gains are from fees?

Winklevoss are selling their coins in the form of shares. they stand to gain from fees and the selling of the shares.
These ETFs can be viewed as HUGE ask walls that constantly move with price.


Yeah... thats what I see. But its basically ask walls that have a ton of investors throwing money at it rather than a few people with money on exchanges. What happens when the shares are out?




Doesnt it make more sense that they have, lets say, 100k coins. They market sell all of them to people, and with this money buy.. 80k more? And then sell them.. rinse and repeat.

Seems bullish.
2266  Economy / Speculation / Re: Winklevoss Bitcoin Trust on Bloomberg on: October 24, 2013, 02:12:11 AM
So basically you are buying futures in bitcoin when you buy this stock? I don't understand how this works.

I think its more like you're buying a share in Winklevoss's 1% stake in bitcoin.
the Winklevoss hold the bitcoin, and say that these shares are as good as the real thing, and poeple trade the shares not the bitcoins.
poeple believe that these shares are as good as the real thing, so in theory they will follow BTC price very closely.


can you actually get BTC out of this trust?
no i would think not. $ in $ out.

so why do poeple believe its as good as the real thing?
idk!

So basically even if every single "share" of their bitcoin was bought, not a single coin would be bought on the market? All the Winklevoss gains are from fees?
2267  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore on: October 23, 2013, 11:57:14 PM
Have the bears from sub-100 decided to buy in yet or are they still waiting for "capitulation" ?



I wonder what happened to quite large sells (range $125 - $150) especially on bitstamp (few k btc walls or dumps)... will they buy back?

Probably already have. Or otherwise already withdrew, like me.
2268  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore on: October 23, 2013, 11:45:47 PM
how much was april crash influenced by goxlag?
i haven't followed it live at that time.


Entirely. If not for the lag it might not have popped at all.
2269  Alternate cryptocurrencies / Altcoin Discussion / Re: scary Litecoin on: October 23, 2013, 11:02:10 PM
Why?
2270  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore on: October 23, 2013, 10:30:08 PM
Alright, I've ran the calculations and determined we are in the 'return to normal' phase, not 'return to mean'

Double top and fear incoming.
2271  Economy / Speculation / Re: Winklevoss Bitcoin Trust on Bloomberg on: October 23, 2013, 10:21:54 PM
I think they are saying the Wrinklevoss are pumping the price up so they can sell. those who buy into the trust.. well, too bad
2272  Economy / Speculation / Re: Who will fall first? on: October 23, 2013, 09:58:26 PM
Bid depth is atrocious on both. Only about 300 coins per dollar thru $160 and 500 per dollar to $100. About 1k per dollar is healthy.

Watching bid sum, neither gox or bit stamp have increased at all for the last $50 rise.
No idea who would lead.
2273  Economy / Speculation / Re: Winklevoss Bitcoin Trust on Bloomberg on: October 23, 2013, 09:29:28 PM
Is this the big news the in the know people were talking about? Seems huge.
2274  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore on: October 23, 2013, 07:09:42 PM
No, you're right. Its why CampBX isnt important. If they went to $500 it wouldnt effect the other markets at all.

If CBX went to $500 I'd move coins there and sell them, move fiat to my bank, then wire it back to bitfinex.
Hell, at that price you could just buy the coins thru localbitcoins.

Well yeah, but its like when rmbtb CNY went to 1500 the other day.. no other exchanges gave a fuck. Because they arent significant. Significance comes in the form of volume and trust.

Bitstamp is #1 in that I think. Followed by Gox.

Then maybe BTC-China and BTC-E.
2275  Economy / Speculation / Re: Wait for it to fall they said, it will go to $50 they said.. on: October 23, 2013, 06:57:32 PM
im no expert in speculation. but why would you sell all your btc? shouldnt you work with halfs?
Cant really make money when you go in halfs. One chunk loses value while another gains..

2276  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore on: October 23, 2013, 06:55:30 PM
yes and a 300 btc sell would take us back to 213, waiting for someone to do it
There it is, after about 900.
2277  Economy / Speculation / Re: US media frenzy hasn't even begun yet on: October 23, 2013, 06:54:24 PM
Didn't you get it? The last 6 month was one giant bear trap.


Those are scary statements you are making. Please say the opposite to appease me.
2278  Economy / Speculation / Re: Wait for it to fall they said, it will go to $50 they said.. on: October 23, 2013, 06:52:44 PM
You can buy some at the bargain price of $200 at bitstamp

SCORCHING HOT DEAL---BTC on sale for $199.6
2279  Economy / Speculation / Re: sooooo Who sold Below $200.... call the tops on: October 23, 2013, 06:40:05 PM
Im all out well below $200 Sad

It is what it is. I hope the ship comes back to dock, but if not, enjoy the trip, I wont be swimming back to it. lol

Really?! I could have sworn from reading your posts around here that you were full on bull. Maybe that was a couple weeks ago..... so little sleep these days, it's all a haze.  Undecided

IDK, I try not to post crap like some people who are clearly out and hoping for a crash. So maybe that gives the illusion of me being a bull Tongue

2280  Economy / Speculation / Re: sooooo Who sold Below $200.... call the tops on: October 23, 2013, 06:37:13 PM
Im all out well below $200 Sad

It is what it is. I hope the ship comes back to dock, but if not, enjoy the trip, I wont be swimming back to it. lol
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