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481  Economy / Speculation / Re: bitcoin option markets...puts and calls? on: November 04, 2015, 06:30:40 PM
Are there any options markets out there?  Bitfinex doesn't have one.  I found a bunch of casino games last night...just ridiculous.

Would love to buy a put option right now.

Might also place some speculative call options at $550.

Can this be done?

There's Coinut, for vanilla and binary, European options. Quedex doesn't seem to have fully launched yet, so Coinut is the only choice for vanillas.

There are plenty of sites that do binaries but not vanilla, but I don't really pay much attention to them.
482  Economy / Speculation / Re: [Poll] What do you think will be the new ATH? on: November 04, 2015, 02:40:29 PM
Call me an idiot, but why can't I vote on the poll?

Not an idiot, just a newbie :p You won't be able to vote in polls until your level has increased - I can't remember which level, but possibly regular "Member" (possibly "Full member", though).
483  Economy / Speculation / Re: [Poll] What do you think will be the new ATH? on: November 04, 2015, 02:39:17 PM
Uh, doesn't the new ATH have to be $1200 or higher? If price doesn't get beyond the current ATH we won't have reached a new All Time High, surely?
484  Economy / Speculation / Re: So no vat in Europe = everyone can launder money? on: November 04, 2015, 02:35:52 PM
You still need to pay taxes on the worth of your coins no matter what if your total wealth is higher than a certain limit for your country.

You just don't have to pay tax if you sell coins to someone.

Well, in the UK at least you'd still have to pay Capital Gains Tax (if your BTC holding has appreciated in value since you purchased them).
485  Economy / Speculation / Re: Bitcoin officially breaks $500! on: November 04, 2015, 01:48:21 PM
When things look too good to be true they probably are... too good to be true.
I'll repeat it again. The protocol does not scale to adoption levels that would have this price sustainable.  Until that big issue is solved all higher values of bitcoin are a dangerous area to invest.

The higher they climb, the harder they fall. Specially when you're climbing on a broken foundation!

So is this a dead cat bounce?
486  Economy / Speculation / Re: So no vat in Europe = everyone can launder money? on: November 04, 2015, 11:34:44 AM
Just buy bitcoins with cash and cash it out sepa ?
Is it really that easy? Or do you need to proof where your coins come from ?


VAT - "value added tax", the equivalent of Government Sales Tax in other jurisdictions, predates the current obsession with AML and KYC. In Europe we pay VAT when buy a bar of chocolate - our financial details aren't recorded, it's just an additional cost on top of the sale price. Not paying VAT when we buy or sell BTC won't impact existing AML and KYC requirements in the EU at all, in the same way not paying VAT when we buy gold won't impact AML/KYC compliance.

487  Economy / Speculation / Re: Poll: How high will this current bull run go? on: November 04, 2015, 10:24:34 AM
Anyone got ideas on why this is happening again? Sure the situation might seem similar but the reasons behind them seem suspicious.

There's a premium on Chinese exchanges, suggesting that China is driving this. This article has some ideas about what China's up to, but it doesn't mention a relaxation of exchange controls (people can once again deposit CNY direct from their bank to a Chinese exchange). The Chinese exchanges are extremely keen to emphasise that none of this is due to people evading capital controls, which makes me think that it is very important to Chinese exchanges that they not be seen to be helping people evade capital controls...!

I have no idea how high the current run will go. I can see two possible scenarios - (1) it continues into next year, as halving approaches, and we see prices that are orders of magnitude higher than we're used to, before crashing, or (2) in the next month or two there's a crash, before another run up prior to the halving. There are other possibilities, of course, but with peoples' expectations around the halving I think demand will stay high.
488  Economy / Speculation / Re: Is a new "Chinese" Willy back? on: November 04, 2015, 09:36:15 AM

I'm OK with separate blockchains, and you hint at why in your post! I don't find it surprising that banks want their own private blockchain, any more than ISPs wanted their own private networks and internets. And just as private internets joined The Internet, I see private blockchains joining The Blockchain once consumers start asking about the advantages of The Blockchain - security, convenience, etc.

Is Willy 2.0 alive?

I believe the importance Willy 1.0 is over-stated, and that November 2013 was due in large part to China. Willy 2.0? Sure, probably - nothing has happened to prevent the Chinese exchanges behaving like it's the Wild West (same as it's always been for Bitcoin) and there have been some amazing arbitrage opportunities over the past few weeks where I'd expect to see automated trades. But the current rise (and previous rises) ties in too neatly with the PRC "un-banning" BTC again.

tl;dr - almost certainly, but it's probably not what's driving the rise. I'm sceptical about it being even a major factor.
489  Economy / Speculation / Re: Is a new "Chinese" Willy back? on: November 04, 2015, 09:23:04 AM
@nerioseole  Yes there were good news in November 2013 but not the good news of this magnitude. Also, we hadn't have $1 billion invested in 2013 in Bitcoin start-ups like we have this year. Yes, it just happened, $1 billion in about 10 months. We haven't had this interest of companies and banks in blockchain technology, etc.

I honestly believe it's different this time around!
I would disagree with you a "bit".  Cool  

Most of the $1B invested in what you call bitcoin, is actually invested in "Blockchain" technology.  If you are a bitcoin fan, it is the same.  If you are not a bitcoin fan, it is not the same... they mean "permission-ed" blockchains.  That is what the banks want.  They want to build their closed-garden AOL or CompuServe like in the 1990s.  

Which of the $1B investments are purely Bitcoin-related?


Regardless... off topic... is Willy 2.0 alive?



I'm OK with separate blockchains, and you hint at why in your post! I don't find it surprising that banks want their own private blockchain, any more than ISPs wanted their own private networks and internets. And just as private internets joined The Internet, I see private blockchains joining The Blockchain once consumers start asking about the advantages of The Blockchain - security, convenience, etc.
490  Economy / Speculation / Re: 100 bitcoins. Will I be a millionaire by 2020? on: November 03, 2015, 11:21:08 AM
At the speed of recent price rise, the price of bitcoin will be around 50-80k by 2020. So with 100 bitcoin, you will be a multi millionaire.

Over the past 10 days BTC/USD (on Bitstamp) has risen on average by 2.3% per day. If (and obviously that's a big-unlikely-if) that rate  is maintained we'll reach $80k in 239 days - late June 2016.
491  Economy / Speculation / Re: chinese say next target 4000CNY ? / $600 on: November 02, 2015, 02:35:31 PM
OP is this your opinion, or have you actually heard about this from some Chinese people? Because if this is only your opinion, OK, it's not that I don't respect it, but anyone can come with a prediction like this.

Thanks for clarifying it!

I'm fairly certain it was their opinion - they start their post with "I think", and the subject ends with a question-mark. I assumed they were asking whether we agreed with their analysis of the BTC/CNY chart.
492  Economy / Speculation / Re: bitcoin will return to the heyday?$10.000? why? on: November 02, 2015, 11:00:11 AM
did I miss something over here? Heyday to my understanding indicated the good old days when and where it were and since bitcoin never touches 10000, how is that going to reflect things accurately in the first place? Probably at best, we should right now aim for the 1000 level that we achieved previously before we start thinking of something else.

please look your above coment

Just to be clear, I'm not suggesting that 21 August 2015 was Bitcoin's heyday, nor that Localbitcoins should be taken too seriously as a tool for price discovery.

Like other posters, I took "heyday" to refer to late 2013, when BTC/USD was approaching/reaching $1000 on multiple exchanges.

Localbitcoins isn't an exchange - it brings together traders wanting to make over-the-counter trades. There tends to be a premium for OTC trades. Some of those trades are "person-to-person" (P2P), and attract an additional premium (presumably for the anonymity cash trades provide). The >$10k trade we saw on 21 August was most likely a product of a P2P trade. (I can only speculate what the buyer's motivation was).
493  Economy / Speculation / Re: Don't go to the moon until I get paid on Monday darn it! on: November 02, 2015, 10:48:59 AM
Wait till December, when everyone is selling for holidays. It will be under $200

I'm unconvinced by the "selling for Christmas" argument. December 2011 saw a rise; December 2012 was flat, preceding a rise in January 2013 (to the >$10 then-ATH); December 2013 did see a fall (following the November 2013 >$1000 ATH); and December 2014 was mostly flat (but did precede a substantial drop in January 2015).

...and that's without even considering what percentage of today's market even regards December as "holiday season".
494  Economy / Speculation / Re: wow dead cat bounce. surprise! on: October 31, 2015, 08:25:32 PM
Who would have thought that.
Any reason for this? I'm guessing there was no reason for it to go up in the first place. In other words pump and dump

Blimey! You seem to have accepted the new over-300 order remarkably quickly! I'd have thought you'd wait until the mid 200s at least before calling a dead-cat bounce.
495  Economy / Speculation / Re: russian plane crashes in ISIS LAND and could blast bitcoin in the stratosphere on: October 31, 2015, 07:37:39 PM
Yeah, I'm pretty sceptical about this having any effect on BTC.  Russia have been attacking ISIS in Syria for some time, we know what relations between ISIS and Russia are like and this doesn't tell us anything new. A civilian airliner flying over a war-zone was shot down - it's a tragedy, it's an outrage, but it won't have any effect on most markets, and certainly not BTC.

war and speculation are entangled

Sure. War-time can be a good opportunity to speculate. It doesn't follow that every thing that happens in war-time is an opportunity for speculators, however.
496  Economy / Speculation / Re: russian plane crashes in ISIS LAND and could blast bitcoin in the stratosphere on: October 31, 2015, 07:35:28 PM
For all we know, this could just be an accident and not an intentional plane crash by ISIS. Hard to jump on conclusions fast. But if in case WW3 happens, fiat would surely go down and bitcoin or gold would be the world's reserve currency.

maybe some clues here





A Saudi Arabian official has reportedly disclosed that the Sunni kingdom sent Syrian rebels a new batch of one of the most effective weapons for battling against the Assad regime this week.

http://uk.businessinsider.com/syria-rebels-and-tow-missiles-2015-10?r=US&IR=T

And you believe that ISIS smuggled these weapons through Israel to Sinai? (I'm still struggling to see how the plane crash is related to BTC speculation, with or without Saudi Arabia covertly sending heavy weaponry to use against the Egyptian state).


I don't believe you need to go through Israel to get to Sinai,in fact you don't need to go through Israel Grin

True. I don't believe the weapons were transported from Syria to Sinai via anywhere, however.
497  Economy / Speculation / Re: russian plane crashes in ISIS LAND and could blast bitcoin in the stratosphere on: October 31, 2015, 03:54:03 PM
A whole week to respond to an event of this magnitude?

I'm a naive  person so please tell me if it's irony lolz


Yeah, I'm pretty sceptical about this having any effect on BTC.  Russia have been attacking ISIS in Syria for some time, we know what relations between ISIS and Russia are like and this doesn't tell us anything new. A civilian airliner flying over a war-zone was shot down - it's a tragedy, it's an outrage, but it won't have any effect on most markets, and certainly not BTC.
498  Economy / Speculation / Re: russian plane crashes in ISIS LAND and could blast bitcoin in the stratosphere on: October 31, 2015, 03:35:40 PM
ISIS don't get along with Russia? THIS CHANGES EVERYTHING. USD 500 by the end of the day?

Yes 500 USD before friday

Here is the video of the downing:

https://www.youtube.com/watch?v=wYvZ0u6vqQY

A whole week to respond to an event of this magnitude?
499  Economy / Speculation / Re: russian plane crashes in ISIS LAND and could blast bitcoin in the stratosphere on: October 31, 2015, 03:11:56 PM

ISIS don't get along with Russia? THIS CHANGES EVERYTHING. USD 500 by the end of the day?
500  Economy / Speculation / Re: russian plane crashes in ISIS LAND and could blast bitcoin in the stratosphere on: October 31, 2015, 02:30:26 PM
USD 400 by end of the day?

news came in too late, time in peking 22:23

maybe tomorrow  Huh

I can't believe it that would take that long for the markets to respond to a global economy-changing event of this magnitude.
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