Why would you want to put up the price on yourself by announcing it in public? I sense bullshit. This is kind of like the people announcing to sell 50k BTC. Are we really that kind of penny stock-ish?  Yeah, it does seem fishy, but whatever. Omni, if you're serious, for the love of all thats good and holy, please use strong passwords and multifactor authentication for any exchanges you use (MtGox, bitcoinica, etc). Get a yubikey for MtGox, don't click on links in emails that appear to be from MtGox, and research how to make your own secure bitcoin wallet if you want to store bitcoins yourself. |
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If you leverage your $85k up using the 10:1 choice at Bitcoinica, you might be able to drive the price up a little bit.
But I wonder if Bitcoinica has so many dollars to lend to you though.
I will speak to the owner and see what arrangement we can come up with.You can't leverage that much money at bitcoinica at 10:1, and I wouldn't want to either. You could easily get utterly destroyed with how much this market moves around. Here are the leverage options from bitcoinica.  |
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Hi guys,
I currently am sitting on 175 shares of AAPL stock. For those of you who are aware, Apple shares are trading at rough $550,00 USD. I am planning to liquidate my holding and am thinking of reinvesting in Bitcoin.
Would a purchase of $85,000 of BTC drive up the price significantly?
This is not a troll post, I am genuinely interested.
Thanks for your time,
Omni
Just curious, at what price did you get into AAPL? |
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Yes. BTW, I used bitinstant for the first time the other day to transfer some more money to MtGox and I was impressed by how well it worked. It really was almost instant after I made the deposit at Bank of America. Sweet.
But isn’t Bitinstant horribly expensive? I only see a use in it when you need it right now or know that the price will explode or crash soon and want to catch it for that reason. Also, I don’t think you have been proven wrong just yet. It certainly would have been a lot cheaper percentage wise to do a wire transfer, but (1) I wanted to try it out, and (2) I wanted the money in there fast. |
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I might have been wrong.
Wrong about what? The secret ball boom rocket? Yes. BTW, I used bitinstant for the first time the other day to transfer some more money to MtGox and I was impressed by how well it worked. It really was almost instant after I made the deposit at Bank of America. Sweet. |
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In the current market, it likely wouldn't move the price more than $0.10
Well, an immediate buy of ~$85,000 right now -- the price is at $4.80 as I type this -- would take the price to $5.00. It's unlikely it'd stay there. There's a chance it could kick off a round of buying and break the correction we're in right now -- there's a lot of money sitting on the sidelines right now waiting for something to happen (I've got a decent chunk of change waiting for the right time). Of course, there's a good chance the price would quickly come back down. To answer the question directly, no, an $85,000 buy wouldn't drive the price up significantly. |
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The big boom is coming. Watch out.
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The rally will be glorious.  The correction is going to end tonight, and it'll be to the upside in a BIG way. |
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Waiting for the ball?
Haha, something like that. |
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So you liquidated your long?
What? No way.  |
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Here's what would happen if somebody tried to start a rally right now.  |
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A reasonably sized buy right now would end the entire correction. Come on, manipulator!
The worry is that it'd be followed by big sell to spark panic, which it would if it was seen that somebody tried to start a rally and was smacked down; and we know there are individuals with many 10s of thousands of bitcoins ready to sell. |
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Epilepsy time!   |
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That is amazingly accurate.
Hopefully this year that guy tries again and makes it. |
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You're all a bunch polysatoshi-ists.
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Check it out, guys! I found a video of the exchange rate from mid-May 2011 to today.  |
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It was only a matter of time before we got groups going on this forum, but I haven't seen anyone yet make a move so in the spirit of SA forums, I'll start the first one. Everyone who pledges to: - Always use an animated GIF as an avatar
- Never change their avatar unless it's for an equally or more funny animated GIF avatar
- Change their title to "Horse Kisses for all".
This elite group of the fun, free-spirited members of this forum will shine through the droll and boring "old-man" representation on this forum and show that regardless of your age, you can still have fun with what you do and be expressive too. Let the detracting commence!  brb, lemme go get my gifs... |
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Good video, I wish I would have ventured into the Speculation forum a week ago.
I haven't been reading this as much as Bitcoin Discussion as well as Hardware has been distracting me with all the BFL singles popping up in the wild!
Matthew, my skype is MaddCowz I believe. I'm not on too often, but I'd love to talk to you one of these days when I get some time.
added, maybe I can do another video in a few weeks. I want to be in the next one. |
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 Oh god, please, I need the golden ticket! |
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