Good thing I held onto my shorts. Last night I was thinking hard about liquidating at 7.19 and going long. Glad I didn't do that!
me too |
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I'm waiting for 12 with a net  There may not be any left. I'm gonna scoop some up closer to 13. ya right not if i get them all at $13.1! |
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I concede, you guys were right all along. I'm out! see the rest of you suckers later
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I am seriously considering getting out of this game.
You really should, before 'the collapse'. (SO I CAN BUY THEM ALL!!!  ) only to panic sell later at a loss |
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I was young and naive at one point too thought everything I knew was right oh well, everyone has to have this argument at one point with bitcoin lest they were to adopt it blindly |
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I withdraw 3200 eur last week in 3-4 days, no problem at all. Just ad internatioal bank transfer, Not sepa I withdraw via sepa transfer too, but toke 6-7 weeks But i get the money anyway  I trust gox Our american authorities on the other hand  |
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The music never stops  |
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there is a GirlsGoneBitcoin subreddit accessible on the right on the /r/Bitcoin subreddit
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Considering the downtrend, I also think about selling.
good idea, i did it too around 3rd may when the price reversed and i lost 20 bitcoins when i had to re buy for higher price. classic panic reneging. If you really believed it was going to go down, you should've held your dollars :0 don't worry, i did the same thing right after the Pirate@40 collapse. Went from 15 -> 9, bounced to $11, panic sold, panic bought back in at $13, and then to the stars :p It was then I learned conviction. |
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Also known as how do you exit an illiquid market without destroying the price...
i have to agree.. this was my first thought when i saw the article too a 200k sell on the current market would drive the price down but by doing it this way and creating demand from a new market if enough people bite it'll drive the price up just long enough for them to have turned all their BTC into cash their 'company' will then be able to pay them wages/dividends and generally bleed down the value of BTC whilst only they benefit from it it's a clever piece of latteral thinking, but not a good thing for a technology whose best outcome would be it stabalised into a currency It's a chicken and egg problem. If not enough people buy into it, then they're back to where they've started it. If people buy the entire trust, then that means Bitcoin already succeeded, and they've succeeded. Your proposition doesn't work |
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^I mean if the SEC was investigating Pirate@40's BTCST scam...why would they have if Bitcoins aren't securities? Wouldn't that prima facie not be in their jurisdiction? I hope someone better versed in security law can weigh in here, i'm just speculating That pro is also assuming Bitcoin is a currency. I argue (along with Germany) that it behaves like a commodity. Besides, a bitcoin ETF wouldn't be the worst thing the SEC approved Herb Greenberg's Weird ETFs Revisited |
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What would stop mega banks from naked short selling?
it's illegal |
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It's because they want to dump their 200k BTC on the unsuspecting public.
Right. They bought a large number of Bitcoins. Now they want to unload them. But how? Mt. Gox isn't paying out USD to traders who sell, and nobody with $20 million would trust it to Mt. Gox. Tradehill probably doesn't have the volume to sell that many without crashing the market. By creating an exchange-traded fund, and funding the initial offering with their Bitcoins, they have a vehicle for dumping 200k BTC. Nagle, it's you! Missing you over at the speculation forum. What would you say is the Bitcoin endgame at this point? If this is true they would've done this earlier. They bought at a very cheap price. When they announced months after purchasing, their 1% stake was worth $11M “We have elected to put our money and faith in a mathematical framework that is free of politics and human error,” Tyler Winklevoss said. they're in this for the long haul. They understand if bitcoin is to succeed, it must get into the hands of as many people as they can, in a way only people like them can. see: Another issue is the total amount of bitcoins they control, if they do not increase it, and money keeps pouring in (and they allow for physical deliver as most ETF's do) then you now will see bitcoins worth 100k each or more.
Not only are they going to be 'selling their bitcoins' to the investors , they will be making money on the transactions for life for 'managing' the fund.
You think mining fees are outrageous, these guys just made the most powerful ASIC miner in history. Every single transaction on that fund they will be making a profit from. |
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whatever sell, i don't care. please keep selling actually. my wires are coming in, still waiting it out
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Can anyone become a blogger or what's the deal with journalism nowadays?
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