Just watched all three exchanges get within 3 bux and Stamp and Gox within 20 cents.
Very odd synchronisation carrying on....
I feel something is going on - and it does not feel Bearish.
I would be really surprised if we see 800 again. I could be wrong. No one here knows - but I think it's not going to be a quiet evening somehow - there is big money hovering as we saw early on. Only people officially 'working' on Sunday are in the Arabic world and serious players here. But we have seen big swings and large cash. The weekend is not over by any means IMHO. |
|
|
|
|
Just watched all three exchanges get within 3 bux and Stamp and Gox within 20 cents.
Very odd synchronisation carrying on....
I feel something is going on - and it does not feel Bearish.
|
|
|
|
5400 of 5500 BTC's traded last 45 mins have been in CNY according to fiatleak, looks like everyone is just waiting for a sign from the Chinese before the race starts up or down.
Fiatleak shows money going in - not trade, I think... |
|
|
|
is there a limit for fiat withdraws on mtgox like $10000 per day? If someone wants to sell that many bitcoins and sit there on fiat without a way to get them out then he is really stupid or I am missing something.
People USED to put up with that (and higher charges) as the price was higher and the liquidity was better. At parity, better to trade on Stamp where you can get money out! Probably won't last - but I have never seen them all within 10 bucks - this is a tiny spread! |
|
|
|
When you don't understand what's happening; follow the money  Been trying to - I even wondered if it was another exchange dumping! Can't see an arb going on, you could buy on Gox and sell in China if you were sophisticated enough, but of course that would not justify dumping on Gox. I can't see money where the money is from or going to - so I have no clue - but this is a manipulation, not stupidity - anyone could see it makes no sense to lose money that way. The three (non-CNY) exchanges are running very close just now - this is unusual, you must admit. |
|
|
|
How many times must 700 be tested before the market takes it seriously?
It's only Gox for some reason - almost like someone wants Gox below other markets. Is this the game (it is the price that media quote, the one BTC is 'priced' in). A cheap way to manipulate overall market price by affecting one exchange - is that the logic? It doesn't seem to work, though. Multiple attempts now and 700 is keeping strong. I meant changing the relative market prices between Gox, Stamp and Btce - which 'may' be what is going on. Throwing money at Gox will not work, no, but it is keeping Gox under other exchanges just now. I am wondering if this is the rationale At a cost of how many coins? I know it seems crazy - but who dumps that many (and then seemingly buys back at a loss) without an agenda? I was looking for bid walls on other exchanges and I can't see any, so it probably isn't an attempt to push the whole market down and sell at higher prices elsewhere. What makes little sense (to me) is BIG money being that stupid - there must be some reason for pushing the price down - I just fail to see what it is. You have been watching someone losing hundreds of thousands of dollars, but changing market price in the market. But is this a cheap way of realising a strategy we have no inkling of? Who benefits from Gox price keeping low, I wonder? |
|
|
|
How many times must 700 be tested before the market takes it seriously?
It's only Gox for some reason - almost like someone wants Gox below other markets. Is this the game (it is the price that media quote, the one BTC is 'priced' in). A cheap way to manipulate overall market price by affecting one exchange - is that the logic? It doesn't seem to work, though. Multiple attempts now and 700 is keeping strong. I meant changing the relative market prices between Gox, Stamp and Btce - which 'may' be what is going on. Throwing money at Gox will not work, no, but it is keeping Gox under other exchanges just now. I am wondering if this is the rationale |
|
|
|
How many times must 700 be tested before the market takes it seriously?
It's only Gox for some reason - almost like someone wants Gox below other markets. Is this the game (it is the price that media quote, the one BTC is 'priced' in). A cheap way to manipulate overall market price by affecting one exchange - is that the logic? |
|
|
|
Some wall-street guys bet that they could crash bitcoin, didn't work out as they expected  I can't see it as a profitable trade - I don't get it. |
|
|
|
|
Huh - 20 minutes without a post?
Suddenly we all have a life?
|
|
|
|
|
I want to be on the first page of the 3000s...
Bugger - premature postulation.
|
|
|
|
Please tell what you have done to earn your money?
I put my foot on the first rung of the ladder. Anyone that has ever climbed that ladder knows exactly what happens from there. Ah - you're a window cleaner? |
|
|
|
Not everybody. Still have 40% fiat @ exchanges.
It's allways good to have money to buy dips.
You're losing shitload if you have 40% of your stash in fiat while price go to the moon, then it doesn't much help to buy in dips. Losing? No! Probably you don't get it. It's not real profit till you sell. If everyone is going to sell @ 10k, there won't be 10k, rather 1$. Btw I have a lot more then 40% in fiat/gold/appartments. Bitcoin is just my high risk playmoney. It will never be lifechanging, because I have a better life then 99.99% on earth. I dont put my future in some genious pyramide scheme. Everbody can change his life without the money of others. Your belief that your fiat/gold/apartments/BTC holdings makes your life better than 99.99% of the people on earth is pretty indicative of your horizon and take on life, which makes me personally think your life quality is pretty shitty compared to most people with views on life less focused on holdings and money. +1 I don't know why people with shit load of money think that they win in life, I was raised in a poor family and I had the best childhood and memories, having more money didn't make me happier... There is a difference between getting born with money or earned it with hard work. I'm the later. And no, I'm not bosnian or serbian. I'm swiss in the 13th generation > don't have writtings before. I never had much in my childhood. Had to wear secondhand clothes, but i had a very good time. Food and shelter was never a problem. Btw: with more money, you can travel a lot. That helps to improve you. My point is: You need to do something to earn money. Just buy a cryptocurrency and hoarding is nothing. That's wallstreet greed which you all try to flee. Or is the only purpose here to make a few poor rich? That would really be ironic, becoming what you hate most. Please tell what you have done to earn your money? Yeah - I am curious too - I would like to also have: 'a better life then 99.99% on earth' ..hmmm... |
|
|
|
|
Gox just dipped under Stamp, BTCe and China at the same time.
Odd.
|
|
|
|
In my case, as european, is time to wake up and see that my order at 650USD didn't get filled, the downtrend stopped just couple of USD before  Me too - I had a buy left at 651.5 bid overnight.... Just got one in the last dip, but am wondering if there'll be one more today so I am totally back in coin and out of fiat before Monday. |
|
|
|
Someone's having a whale of a time
And then popping a 1000 BTC wall in at 699... Price push down. |
|
|
|
|
Jeez - some whales are betting big against the price.
|
|
|
|
Could someone please comment on where they feel the exchange handles shorting well-- I'm asking whether Cavitrex (sp?) and vitrex (sp?) are the best/only game in town to participate in the 'other' successful trade (shorting)? Thanks in advance.  Bump. So, how are you guys shorting? It's possible to go short?  I checked but only contracts around are either dodgy, or just too expensive to make sense... |
|
|
|
Bitcoin is by design encouraging saving and thus attracts people who would like to save. (But have only shitty ways of doing so thanks to the inflationary monetary system  ) The is the argument against a gold (or bitcoin) standard by the FED and banking status quo. Under today's credit fiat system, it makes no sense to "save" money in currency since it continuously inflates. Instead savers are suppose to invest the money into businesses, capital spending, stocks, etc. The problem is today no one saves this way, instead savers (those with disposable income over expenses) spend money frivolously on vacations/restaurants/crap instead of saving for the long term, and many of those who do invest do so in bubble type assets (i.e. large houses). The fiat credit system is suppose to work in theory, but in practice it obviously does not. Hence bitcoin. It provides a real escape for true savers. Saving is good, hoarding like a lunatic is not. Confession: My name (pseudonym) is Erdogan, and I am addicted to the austrian economics. Everything that is produced, has to be consumed or invested (in capital goods). When you buy a car, you pay with your work. Or, even easier to understand: when a farmer buys a pair of rubber boots, he really pays with potatoes. The money is just oil in the trading machinery. Money has to be maximally tradable, and it has to keep its value in the short run and the long run. The two main functions of money, medium of exchange and store of value, are closely related, and you can not have the one, and not the other. When you save money, you let other people consume what you do not consume. All saving is for the purpose of spending later. Tomorrow, next summer, when you retire, or by your descendants in the next few generations. Hoarding is just a derogtive name for for saving, and the hate is undeserved. What is bad with letting some needy child getting in front of you in the toilette queue? The savers (hoarders) deserve to be able to spend the full value of their savings when they later decide to spend. With bitcoin, of course, you will be able to spend more. That is because bitcoin, the new money, is in the implementation phase. When you save in bitcoin, you do not just save, you are also an entrepreneur. You are paid for your knowledge and vision, by giving the world a better money.
The bitcoiners saw all that they had made, and it was very good. Agree with some of the economics (although I am a Keynesian). However, we are not gods - we are believers. There is a difference. Hehe, nonbeliever here, I just had to loan and adapt this elegant phrase from the bible. I know and I can forgive you. It's nice to see economics theory here instead of mathemetics and physics for a change. It is supposed to be a child board of 'Economics' after all... |
|
|
|
Bitcoin is by design encouraging saving and thus attracts people who would like to save. (But have only shitty ways of doing so thanks to the inflationary monetary system ) The is the argument against a gold (or bitcoin) standard by the FED and banking status quo. Under today's credit fiat system, it makes no sense to "save" money in currency since it continuously inflates. Instead savers are suppose to invest the money into businesses, capital spending, stocks, etc. The problem is today no one saves this way, instead savers (those with disposable income over expenses) spend money frivolously on vacations/restaurants/crap instead of saving for the long term, and many of those who do invest do so in bubble type assets (i.e. large houses). The fiat credit system is suppose to work in theory, but in practice it obviously does not. Hence bitcoin. It provides a real escape for true savers. Saving is good, hoarding like a lunatic is not. Confession: My name (pseudonym) is Erdogan, and I am addicted to the austrian economics. Everything that is produced, has to be consumed or invested (in capital goods). When you buy a car, you pay with your work. Or, even easier to understand: when a farmer buys a pair of rubber boots, he really pays with potatoes. The money is just oil in the trading machinery. Money has to be maximally tradable, and it has to keep its value in the short run and the long run. The two main functions of money, medium of exchange and store of value, are closely related, and you can not have the one, and not the other. When you save money, you let other people consume what you do not consume. All saving is for the purpose of spending later. Tomorrow, next summer, when you retire, or by your descendants in the next few generations. Hoarding is just a derogtive name for for saving, and the hate is undeserved. What is bad with letting some needy child getting in front of you in the toilette queue? The savers (hoarders) deserve to be able to spend the full value of their savings when they later decide to spend. With bitcoin, of course, you will be able to spend more. That is because bitcoin, the new money, is in the implementation phase. When you save in bitcoin, you do not just save, you are also an entrepreneur. You are paid for your knowledge and vision, by giving the world a better money.
The bitcoiners saw all that they had made, and it was very good. Agree with some of the economics (although I am a Keynesian). However, we are not gods - we are believers. There is a difference. |
|
|
|
|
Show Posts
