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Well whats fun about this nonsense is that I'm getting BTC-E money now. Its like $10 above gox. Not only do I get arbitrage monies, but I also get $$ in BTC-E which is worth more than $$$ in gox.
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Well I am glad I was too busy to be online today. I probably would have wasted an entire day spam refreshing the Mtgox page.
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CFDs = Bets. They are just pieces of paper that attempt to act as if you had a leveraged position in the asset. There is actually no asset changing hands.
Thus they don't directly (or even necessarily indirectly) affect the exchange rate. You could have 10,000 BTC bought or sold through CFDs and not one point of slippage on BTC would occur.
Also they don't even offer services to US citizens, and don't even offer metatrader software.
In other words, this should make little to no difference. I suppose it could get a few people knowing what BTC is. Other than that? nothing really.
You mean the site owners dont hedge against their losses? That would in a small market like Bitcoin, that is so easy to manipulate with a couple million of USD be a fatal failure. I guess they will hedge their risks on MtGox, thus buy/sell an equal amount of Bitcoins on MtGox that all their clients combined would costs them if they lost their bets against their customers. What would be the point of CFDs if the brokerage is just going to hedge out anyway? Restricting the user from ever withdrawing his bitcoins? Even if they do hedge, it'd be a fraction of the actual leveraged amount being "CFD'd" as they'd probably try to have clients on either side of the order. |
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Bank holiday == no bank wires right?
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CFDs = Bets. They are just pieces of paper that attempt to act as if you had a leveraged position in the asset. There is actually no asset changing hands.
Thus they don't directly (or even necessarily indirectly) affect the exchange rate. You could have 10,000 BTC bought or sold through CFDs and not one point of slippage on BTC would occur.
Also they don't even offer services to US citizens, and don't even offer metatrader software.
In other words, this should make little to no difference. I suppose it could get a few people knowing what BTC is. Other than that? nothing really.
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Bulls, could you kindly shut up please? Each time you say rally is starting it goes back for dollar or two  Its been at almost exactly the same price for the last like 2 hours. |
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Fontas is a noob troll. He has no skills other than skills on failing.  Well, at least he knows how to pump effectively. I wish I could do that. He doesn't even need to do that now, it's enough to announce and they pump it for him  How does one get enough people to do that for you? |
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If we hit $150 that will be huge. I doubt it though.
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Another idiotic bubble post.
Congratulations OP, you are just as retarded as the others.
Agreed. I do not quite understand what these messages mean. They both seem to agree that I am retarded, but they fail to explain how the posters got to that conclusion. Because there was about 18480447048375626420476290275624 other threads in here that literally said the EXACT SAME THING? (And it didn't happen, after all, but honestly that is irrelevant to the point stated above.) |
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Welp, it looks like we'll be needing a new thread again. Curse of the biebcoin strikes again?
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Fontas is a noob troll. He has no skills other than skills on failing. Well, at least he knows how to pump effectively. I wish I could do that. |
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Im 100% sure Im wrong on the chicken thing... But I always assumed it was some sort of rif on KFC.
http://risechicken.com/ |
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He's banking from trollbox hard time... he announce pumping of some coin in 2 hours for ex., then suckers start buying to catch the pump, he puts some fake buying wall and then sell them at top.
I figured that part out, but everybody's literally talking about him all the time. For a while I was convinced he owned the entire BTC-E site or something the way they talk of him. |
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Could somebody explain to me the Fontas joke, in its entirity?
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OH MY GOD! Edit: its glitched? "id=yongle" it doesn't do anything. |
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I'm getting bored of $136.
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Not sure if this is significant, but we broke $130 just now in BTC-E, people in the troll box are dancing and all that.
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Looks like we are into a mini-bull phase up to ~$140, assuming TA works on these very short-term ranges (and it doesn't hold up too well even long term these days cosidering the ridiculously low volume ~.~)
You're right about the 'ridiculously low volume' today: OK, Does anybody want to take a walk down the volume stairs of the last few days  ?  To give this a context, today's has more than half a day to go but even if it stayed where it is it is still an equivalent dollar volume to an average day in January (the top step, the 24th April having been the fourth highest day trading ever). But surely if volume is what it takes to make TA 'work' it makes as much sense to use it today as it did to use prior to the first week of February when these kinds of volumes were the norm. I don't remember hearing TA advocates not bothering to use their tools until the overall volume rose. Just sayin... I wasn't even here in february, so I wouldn't know. |
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Once more, unto the trollbox: Solomando: Silk Road is expensive. 500 a sheet lowest I think Mool: *shit Solomando: 500 a shit? Mool: my bad, didnt mean to offend My reaction:  |
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And yesterday's was half the size of the wall.
It depends. ON an insane day yes there is enough volume. But remember, that would require absolutely no buy orders to be put in through the course of the day. And there is also a psychological aspect, just like how bulls can be intimidated by a wall several million dollars high, its not fun to sell into a wall that shows no sign of budging as it looks like you are practically guaranteeing that you are selling at the lows of the day. Buyers are likely to add to the wall when we get close to it.
The only situations in which I can realistically see us going below $120 is if a lot of those buy orders turned out to be "fake" and were revoked when we got there. Either that, or the price keeps on going up, and some of the bulls revoke their buy orders at $120 and put in buy orders at higher values spreading themselves too thin and causing a major correction to sub-$120 levels when a crash happens and the wall suddenly turns up missing. Neither of these scenarios are altogether unlikely, but the chances of legitimately eating through that entire wall is close to 0.
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