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I've created an account and tried to activate 2-factor authentication. However, when I try to create a key I get a message in Russian I can't read..
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Even after the big bad news from Western Union that dropped their stock yesterday, I'm not buying back my short position on NYSE:WU. Long Bitcoin, Short WU unless and until WU buys MtGox and saves both WU and Gox, then I buy back and go long for the long bomb. Seriously though, if Gox had WU's Money transfer licenses and global reach, and WU had... well... bitcoin, they would both survive. As it is they are both dieing. If the goxxers here need any help putting that deal together, give me a buzz.  Hi-five!! I covered it right at the open and reshorted it on the bounce. Interesting future targets are Visa and Mastercard. I went over the conference call transcript and interestingly there was no mention of bitcoin specifically, but they did say that the "competition" is becoming stronger. |
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Thank you for confirming my thoughts when I was watching this! |
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Looks like the link is broken
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don't worry, i get plenty wrong too. this f*ckin Dow just won't go down and i've been over a year too early on the short side. one of these days i'll be right.  but the thing is, i've been SO right with gold and BTC i've been able to hold that pair trade (long Bitcoin:short stocks) the whole time with huge returns. i think we're getting close to hitting on both sides of that trade though. if you trade long enough, you'll realize if you can be right more often than wrong you're doing good. if you can be right for 2 out of the 3 markets you're trading in, that's real good. I've been short stocks for quite some time too now, but I've managed to limit my losses by using option strategies. I'm mainly trading calendar spreads on the indexes and volatility products to give myself some room to be on the wrong side. The advantage of calendar spreads is that they work very well when volatility is cheap and that your risk is defined (max loss is price you paid for the spread). The longer this thing goes on the more severe the drop will be.. I hope |
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Even lower this time I presume. Operation Bubblepop in progress.
Alert: trader talking his position |
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No way can this pump last if no new incoming fiat. Soon as it's gone, IT'S GONE AND WE DIVEEEEEEEEEEEEEEEEE.
Easy. $$$ is going into MtGox from countries not called the United States. Gasp! The thought! Plenty of new money is entering exchanges. Lots of it. In Bitstamp and China in particular. No, not really. Bid depth on those exchanges pales compared to Gox. All the money is on gox and will not replenish. Current buys = capitulation. If that is the case, then why did the spread between Bitstamp and MtGox decrease? |
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Influx of trolls talking the price down: bullish
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Looks like the OP was right, so how high will we climb? $300 by Christmas doesn't seem extravagant.
Its too soon to say next buble is comming, and I believe it will be pretty tough go to all time high, because those who bought 225+ may waiting to sell all I don't think people who were buying at that point are the kind to have a strategy  We cut through the $31 high like butter last time. |
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The bid depth is now scary as hell!
I don't see any selling.. |
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If I remember correctly the same was happening one evening before SR shutdown.
Correct. |
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Bitcoin is being offered in large blocks at bitstamp but it keeps being bought..
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At btckan.com/price you can see that the Chinese exchanges are currently trading slightly higher than bitstamp.
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This quick recovery is actually the same pattern as the one at 13:30 on 2013-10-04 UTC from the drop down to 117 USD.
No volume. If you zoom in closely you can even see that the larger candles during the recovery are almost entirely red ones.
-edit- the amount droped is even ~50% bigger then the one 3 days ago.
It acts like a trapdoor. Unless this is manipulation, some speculators are being squeezed out here. The same happened to me before in the period that btc was resting at $13 before the big runup. That hurt. |
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It's one order slowly moving down.. the orderbook on their site doesn't print it right
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cypher, did you have a big short position on the gold?
I gave up shorting it a while ago.. now I just do neutral positions
edit: sorry, misread.. changed S&P into gold
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Indeed, I can't believe my eyes. I think the bitcoin market is lacking this sort of awareness. Anyway, I bought some btc |
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new short term analysis issued to subscribers: Caution
caution: don't walk into the bear trap |
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I believe that the market has also started to price in emerging more "professional" exchanges such as Kraken and Coinsetter and above all the Winkelvoss ETF. Another thing that caught my attention is the eBay Deals video on bitcoin. I think a lot is brewing right now below the surface.
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