I don't think it can be a coincidence that gold, bitcoins and even silver to some extent are at incredible lows at the same time. Anyone care to offer their explanation of why they think this is the case?
None are at "incredible lows." |
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Yeah, I was a part of it and it seemed sketchy from a start, but that's not even a true raffle if tickets are free. But does it mean that all subsequential raffles are scams? Also for 0.0005 btc only thing you can buy is a box of matches.
Why don't you let a third party (escrow) hold all the raffle entries. That would show a little more legitimacy. |
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Yes, this thread is not FUD, it is reasonable non-emotional analysis of everyone else's unreasonable emotional response to market action. That's an important part of trading. Look at the chart, this is a long-term bubble deflation, and there are emotional stages for those who invest with emotions rather than reason and careful analysis.
Don't let emotions affect you too much. Obviously they play a small part, but letting them dictate your trading to the point where you deny obvious trends - that's dangerous.
I'm never all-in or all-out, (I love bitcoin/hate fiat too much to be all-out and am too cautious to be all-in.) But right now I am "more out" than usual. A lot more. Just yesterday I sold a chunk of my remaining coins at $79, and this morning my buy order at $68 was filled on CampBX. Now we're back up - but still in a long-term downtrend, so it's time to sell those again. Yay me. Anyone can do this, it's not hard. I don't know a darned thing about TA, I just know there's a downtrend and I can make money. Even if I end up mis-calling the bottom, I've still made mad BTC in a string of successful trades on the way down. I place buy and sell orders once a day. But if I deny the downtrend, I end up getting caught in a series of emotional bull-traps all the way down.
So , if the bubble deflation is normal , and you really believed in a price drop , why did you start these last week? https://bitcointalk.org/index.php?topic=245285.0https://bitcointalk.org/index.php?topic=245297.0I do what I want. If I want to make a thread claiming price will go up, I will do so. If I want to make a thread claiming price will go down, I shall do that too.  For the last 2 months I have been selling and increasing my fiat position. However, I've only been vocally bearish for the recent past - before that I was accepting that price would go lower but I still "talked the talk" in terms of bullishness, with the occasional bearish comment. I don't feel like I should have to explain this. Listen, there are a smorgasbord of different sentiments, even now. Folks here are slowly turning bearish but you can't expect everyone to be on the exact same page. No need to overanalyze poor bitcoinashley's posts. For the record, I'm still laughing at the idiots who think we are going down to $0.50. THAT is just as much of an inability to accept reality as the folks who think we are going back to triple digits next week. Your incessant cheerleading was a bit much for my taste but I used to give you credit for at least having conviction. At least I thought you did, but now you're showing your true colors. Just another noob who got burned by the bubble and is now trying to back peddle out. |
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my tactics changing while price is falling with no support
Looks like they change by the hour then. You just posted this today. im selling bitcoins till price will get back to 10-20$
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i set my offers to 10-30$
I will buy maybe under 10$
You can't even keep your lies consistent in the same thread. |
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Total non-story. Read any company's SEC filing and you will find a laundry list of potential risks (both real and far fetched). This is nothing more than the twins and their lawyers doing some CYA disclosures.
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Is it just me projecting or do you also notice a big shift here? Only several weeks ago half of the forum was still openly bullish. Now I can barely find a bullish post. Sure the winkle ETF many like, but very few seem to think this will push up the price in the short term. Compare that to the chinese bitcoin documentary that was used by most that 'price will go up up up'.
I'm bearish myself but seeing so many agree I think chances become higher that it will actually go up the coming weeks.
Nah, ask any of us who were around after the first crash. This is nothing, you'll know when it's capitulation, trust me. |
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Bitcoin prices took so many knockdowns these past few months but always came back up. What's worrying about this decline is that it is gradual unlike the sudden drop in prices when Gox or SR shutdown.
One thing is a trap (bull or bear), a different one is a trend. The current trend is down. Are you short now? I don't follow the wall tracker thread real closely but last I remember you were a buyer somewhere around $108ish? |
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I think failure to deliver is illegal already covered under some business law, contract law I imagine Sadly failure to deliver is not illegal. Reg SHO prohibits dealers from shorting unless they have borrowed the asset in question this ensures that it is impossible to fail to deliver (if you borrow the asset first and then short it, when settlement comes it is impossible to not deliver the asset). However Reg SHO provides plenty of exemptions, if you meet one of the exemptions then Reg SHO doesn't apply and you can naked short sell. If you can't deliver that is a contractual dispute but assuming your failure to deliver arises from being exempt from Reg SHO then you haven't broken the regs. Even if your failure to deliver is the result of breaking Reg SHO the failure to deliver is simply how you got caught the violation occurred when the short was made in violation of Reg SHO (you didn't have the asset in hand when shorting). If you break Reg SHO and borrow after the fact and thus are able to deliver you are still in violation it just likely means you won't get caught. Don't try to apply logic like I said it will just make your head hurt. The regs "could" simply require everyone at all times and for all reasons always have the asset in hand before selling. Period. The fact that the regs aren't written that way and the SEC sees a 50% reduction in failure to deliver as a "win" (which still means hundreds of billions in failures to deliver) just shows the law was written the way the powers that be wanted it written. That's absolutely absurd. Why are bad laws and regs so hard to repeal?? Because money talks and well, you know the rest... |
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The first thing you should do is remove the link to the phishing page?
I think the link is ok as long as you don't download the actual script... Or I may be wrong... To be safe, I would just remove it so others don't run the script on accident. |
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Portugal's financial markets nosedived today amid fears that repayments on its £64billion bailout could soon become unsustainable as the government looked set to collapse following a spat over the country's austerity programme. If Portugal doesn't abide by the austerity program, its bailout creditors could halt the disbursement of funds, potentially leaving it unable to pay what it owes.
That development 'could trigger a sovereign default and potential removal from the eurozone, with contagion spreading across to Greece, a country that is currently struggling to secure its next tranche of aid money,' Ishaq Siddiqi of ETX Capital said today. http://www.dailymail.co.uk/news/article-2354671/Portugal-brink-collapse-sparking-fears-country-able-meet-terms-64BILLION-bailout.html#ixzz2XzYmw6D2 |
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If the ETF is approved, then the regulators are basically saying that Bitcoin is a commodity and the Trust does not have to register as a money transmitter. Doesn't this basically open the pandora's box for every exchange out there? This seems like an easy rejection but surely the Winklevii must think they have a fairly decent shot at getting approval. Either they're getting poor legal counsel or they see something that I do not. I simply do not see FinCEN rolling over on this one.
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There's at least 4 other threads discussing this.
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So whats the easiest way to get USD into gox now?
I've been out of the game for awhile, but I see just recently in May they stopped Dwolla.
Are there any reliable Paypal to BTC methods yet or alternatives to Dwolla? I'm looking at CampBTX but its like 31 days of waiting for new accounts.
The easiest way is via wire. They gladly accept incoming wires. It's getting it out that's the problem. |
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Speaking strictly from a US perspective, yes, you should measure profit (realized gains) in fiat if nothing more than more tax purposes.
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The more I think about it, the more I feel this will be shot down as well. FinCEN et al already sees Bitcoin as a good medium to launder money. In order for this ETF to work, the regulators need to define Bitcoin as a commodity, not as a currency. If Bitcoin is defined as a commodity then all the exchanges could argue that they are not MT's and render FinCEN essentially useless. For obvious reasons I don't think this will be allowed.
However, as previously mentioned I still think some good can come out of all of this whether it succeeds or not as it will force regulators to make a much more transparent definition of just what they classify Bitcoin as.
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Watching this. Looks interesting.
Smoothie, wanna start a Litecoin ETP now? The interesting thing is the filing keeps referring to their holdings as "math-based assets." I'm wondering if this leaves room for alt currencies. |
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While I do agree that an ETF will help with hedging investments in bitcoin, it doesn't make the price more stable which is necessary for widespread adoption and a subsequent increase in the value. People on wallstreet are not going to invest in bitcoin just because it is packaged as an ETF. For them it would be tantamount to investing in penny stocks since the ETF itself doesnt bulster the underlying value of bitcoin and there is no metric for how bitcoin should be valued.
What? There is no metric for how any commodity should be valued. What is the metric for the correct price of gold? Yeah no shit, but its bitcoin. Not gold. Gold is valued by a historical and global consensus. If you go anywhere in the world they will know and accept gold. The same can't be said about bitcoin. There's no reason to invest in bitcoin over gold for a normal investor. For bitcoin to gain the same notoriety that gold has, it has to be used by people first; in the way that gold was primarily used as medium of exchange and not solely a store of value as it is today. To package bitcoin as an ETF is premature because it misses the necessary steps for bitcoin adoption and development. People need to interact with bitcoin in person first not through a trading mechanism. The "normal" investor has a much wider range of options to invest in and it's clear that they're looking for alternatives. Look at the VIX for example, the average investor can speculate on volatility. Something doesn't have to be tangible or have a long standing history in order for it to be investable by the masses. |
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Thanks MJGrae and DeathAndTaxes. I'm used to reading 10-Q's and 10-K's but rarely if ever look at S-1s.
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Now your 401k can invest in bitcoins, retirement funds, every wall street trader... this is opening floodgates.
It's still for the rich. You're going to need about a million to invest, give or take depending on where the price goes. On the first day of trading, each Share in the initial Baskets was comprised of [0.20] Bitcoins, and each initial Basket was made up of [10,000] Bitcoins. They're only selling them in "baskets" so the minimum purchase is 10,000 BTC. |
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