A contract is a contract, even if it does say 3300% interest.
In the real world this interest is no problem: simply print more money. But in the Bitcoin world, you know, it can resist only for some time. So this contract is invalid. At some time I red, pirate could change his interest, so in my opinion he did not default: ... +7% +7% +7% -100% All fine, or not? |
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All it takes is 376,918 Btc to push price down to $1.25.
Below $1 is just panic.
What if Pirateat40 does just that.
What if that is in his interest to do so?
Maybe he is working on a competitor to Bitcoin ie another micropayment system or payment company.
That would mean he would get plenty of dollars. Now he can buy all those cheap < $1 Bitcoins.
And thus give his interest rate with Bitcoins back to those who invested.
That would also mean he would kept his promise get rich doing so and make Bitcoin look like a joke.
For me the BTC investment are similar to gold investments, this is enough hint to what I would do. The question is: Do you believe in Bitcoin or not? |
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It seems to me that it does create it's ask walls randomly now. So anybody may think that are different traders. Another nice strategy. Neat curve. Does not really matter.
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it seems as if i'm able to make multiple bid orders on the same available balance. Nefario, is this true or just a glitch?
for instance, if account has 1 BTC avail. it can now setup 2 bids totaling 1btc each... i guess the one to execute first takes out the balance.
please confirm
As I understood this is a new feature of the new version. |
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My buy order vanishes without execution.
Now it's done after three tries and a delay. |
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My buy order vanishes without execution.
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The close change between the elongated stairs and the vanish of it shows the experimental character, how to manipulate people best. In all investments you have to anticipate with bid and ask walls at any times, that for sure are from a beginner (rather seldom I think) or a manipulator. So build an investment strategy that resists it (and follow it of course).
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At least the people that sold in front of this wall learned their lessen.
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Enough people talking about fiat flowing into the exchanges... must've made him nervous as hell.
Not necessarily for buying at 10 USD, but perhaps at 8 USD. My bid "wall" is on 8.66 USD, and I will not buy on higher rates (but sell a little bit). |
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Now, stupids, buy quick on this huge bid walls, that I can sell some coins at 12 USD.
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He is a good programmer, because he must consider existing asks of normal traders in all these steps. I'm impressed.
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It's stairway got even longer now.
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i don't understand why there is this staircase at all  It does not really matter. Perhaps it is bullshit. Perhaps it is testing other's behaviour. Perhaps it want to buy even more coins. I have the coins I need (at 10 USD), and buy even more on lower price. |
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No serious trader would show such a stairway if he really wanted to sell, so it is manipulation only. It will vanish as quickly as it appeared (and reoccur at later times). We have to wait on new large investors.
It's a pirate, not a serious trader.  Yes, but my main point is: it don't want to sell He will do it the way that his steps start far behind 10 USD. Only frightened people sell now, too late on low price after the last high, and that makes the pressure on BTC price. |
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No serious trader would show such a stairway if he really wanted to sell, so it is manipulation only. It will vanish as quickly as it appeared (and reoccur at later times). We have to wait on new large investors.
It's a pirate, not a serious trader. Yes, but my main point is: it don't want to sell |
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No serious trader would show such a stairway if he really wanted to sell, so it is manipulation only. It will vanish as quickly as it appeared (and reoccur at later times). We have to wait on new large investors.
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ich weiss daß du das weisst, aber alle die so tun als würde man auf basis von BTC reserve banking betreiben können schnallen das nicht, siehe oben.
Das geht schon, aber nur vorübergehend. Die klugen halten die physischen Bitcoins (Equivalent zu Gold), die uninformierten die Derivate darauf (Equivalent zum Euro). Und zwar solange, bis der Vertrauensverlust zum Bankrun führt. |
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I have withdrawn with SEPA 5000€ and more and it was always credited to my bank account the next day.
Now a friend of mine had >15k locked up in SEPA transfer for two weeks without any notification...
I dont think this UK thing is the same issue.
AML I think. I would never transfer more than 10k at once. |
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In Germany, if you dont want the bank to block it, be sure not to transfer more than 400 EUR at once and dont mention "Intersango" and "bitcoin".
Tell me more about this 400 EUR limit. |
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It is cheap for people having too less Bitcoins, and it is expensive for people having too much of them. So it depends ...
If your bitcoin are too expensive for you, just hand them to me  You can get a couple of them for 12 USD for one, or you can sell some of them to me for 8 USD. At 10 USD I have exactly the BTC I need, so no way to trade now. What's your goal? funds_usd * exchange_rate = funds_btc or something of that sort? It's exactly like this. It's boring, it's stabilizing, it's social. Any manipulation is good for me, I'm competing against it. If price rises from 10 USD to 12 USD (20% gain), I'm selling up to 20% of my Bitcoins (less mostly, but I'm selling). Same with all other assets (Gold, Shares). |
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