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ELI5 how this works with the liquidity on BFX, we are about 4 dollars over the wall. we cannot buy into it, if he suddenly unloads how much of the BFX order book gets taken out .... ?
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Sounds like a very reasonable explanation. He is definitely getting a nice return with his strategy. My own feeling is that several of these massive dumps over the past 48 hours are gox insiders getting out.
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Smoothie -
Care to make a prediction, will bitcoinbuilder participants get their coins out of Gox? : -)
Best case scenario - GOX turns on withdrawals with limits of 1 BTC per day and 10 btc per month. That's what worries me about the BTC builder,if one does not have a personal Gox acct it might take forever to get coins out of the BTC builders Gox account because there will be so many in the same boat ... Unless of course someone then sets up an arbitrage website to get coins out of BTC builder : -) |
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Do you have to have a verified Gox account to buy GoxBTC via bitcoinbuilder?
Looks to me like you do not need a Gox account. FAQ says you can hold BTC in their system (Gox acct) until if / when tx is enabled again. |
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Smoothie -
Care to make a prediction, will bitcoinbuilder participants get their coins out of Gox? : -)
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Seems to me sort of like a longshot altcoin bet with low odds and possible big payout, the difference being you will know fairly soon if there is any payout...instead watching a chart for a couple months ... i am tempted.
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Starting this thread to hear opinions & takes on speculating by using real BTC to buy up Gox BTC via Bitcoin Builder. Anyone doing it? Risk assessment? worst case scenarios? predictions?
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[/quote]
the experience of owning some btc and using it yourself is beyond description and without this particular experience you can't ever hope to approach anything resembling an "objective opinion" on the technology.
[/quote]
+1
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WTF is going on with Bitstamp, my 2FA authentication doesn't work, can't log in  Check that your phone's time is in sync with your PC. There's a drift sometimes (and not just on Bitstamp). Try logging in 45 seconds after the number is issued, and not right away. auth / settings / reset clock. fixes it. |
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Especially those who reserved a couple million bitcoins for themselves at the beginning, and thus (like the "me" in my parable) have invested nothing and will walk out with a fortune.
Satoshi invested NOTHING? He only invested his/their lifetime to learning to code, learning about currency and cryptography. He invested his intelligence, reputation, time and money into creating software for the entire world to use freely. If he invested nothing into Bitcoin then you invested nothing in becoming a University Professor. +1 |
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WOW  Just came back from wine, cheese, tv and the mrs to find all hell has broken loose. Jesus, you people can be really obnoxious....FFS stop throwing abuse at each other. We all love BTC and think its the future, we just have different time frames and opinions about the journey (except you Jorge obviously, and hell we can embrace you too). Can everyone just remember there is a human being at the other end of these messages and treat each other with a modicum of respect. (I can't actually find an emoticon that illustrates stunned/saddened/angry)+1 |
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I do not like agreeing with Fonzie. I find a lot of what he posts is total FUD drivel.
However in this instance I think the current 3 day EMA charts, first pointed out in a reddit thread early this morning, bear careful consideration by anyone with more than a little skin in the game.
Today bfx /stamp has been repeatedly propped up and pumped between 649 and 665 all day long, despite a obviously thin line of support just below. Most recently 5 minutes before this post. Nothing organic about today's price development at all imo.
The last two two crashes and rebounds occurred in a declining and arguably overvalued market. Add the damage done to the public image by malleability, crashes, Gox, Silk Road 2 etc - making it hard to imaging a surge of new adopters during the coming weeks. If I was a CEO getting ready to roll out BTC adoption, i would be hedging and evaluating. Only rich eccentrics like the Overstock guy can act in a vacuum.
My girlfriend lives in a different country. This last week at dinner parties, work etc when the subject of Bitcoin comes up, the immediate reaction from everyone the table was Drug money / illegal / no way / heard it crashed etc. Unscientific sample, but you get the idea.
All this under a long shadow of the possible influx of coins from Gox and SR2 into the market. Or a collapse of Gox and the ensuing shitstorm. Or a slow lingering Gox death. Market mood?
I am a believer in BTC. I do believe the ecosystem of startups and potential is healthy and exciting and continues unabated. But speculation is a different arena altogether.
I am also a realist. The current waters are tubulent. I have gained so much from everyone here in this forum. I do not mean to spread doom and gloom. In chaos lies also opportunity. I would just encourage everyone to take care.
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well, sure is nice to be able to walk away from the screen a few minutes with some small feeling of safety : -)
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oh my god what did I just tell you guys earlier. A little bit of green and all the sudden there are pictures of trains on the board.
beats all those coal miners with hairy backs! : - ) |
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i just shorted 3 coins but taking a look at the poll, it seems we are headed for a rally. fuck, not sure what to do here..
doubt it. |
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