Holy crap $200 for 0.1 BTC... Buy they don't really mean anything without a seller.
It is gone, price crashed back to 500 $/BTC  From the 2014-09-30 financial statement on that page, I understand that now the fund is managed by Greyscale, and they no longer buy or sell bitcoins and no longer buy or sell shares for dollars (page 31+). Instead, there a 1st level broker and a few 2nd level brokers (including those 4 listed on the page). Those brokers can buy shares from Greyscale with bitcoins only, and will get bitcoins when they sell shares to Grayscale. In other words, it is now the brokers and the investors who must buy and sell the bitcoins on exchanges; Greyscale will just keep them safely until they are redeemed or stolen. My guess is that those bids are just the 2nd level brokers testing the system, and the bids are not being filled because the only authorized sellers are the same 2nd level brokers, and they have no shares to sell. They must either buy some shares from Greyscale, or wait until some of the early BIT investors gives them their shares to sell. I think you need to work on your reading comprehension. |
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wait till the middle of the night in the u.s , slam the market with 3000 coins in 5 minutes = guaranteed carnage ... sure is fun watching $$$ burn ... $850,000,000 worth of market cap devaluation in 5 days time ... if you all can destroy a billion $$$ in value in a week i think there's a trophy for that ...
Yeah, destroying wealth is hilarious. Believing that market valuation is wealth is hilarious. No bitcoins are actually being destroyed here, they are just changing owners. I suppose you're right. If idiots want to sell their $100k coins for $200, that's on them. I'm just amazed at how many people are willing to sell at these prices. It's just a truly once in a lifetime epic opportunity for those with fiat to spare. Heck of a gamble selling right now though. I know I couldn't sleep with fiat in my account. |
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13xx cny today?  Who cares about cny? Go to the chinese board with that shit. haha angry bull? China is 70%? of all volume, and 100% moves at usd exchanges and every non-cny ex are just a copy of chinese market. Not true, its fake volume due to 0% fees. |
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wait till the middle of the night in the u.s , slam the market with 3000 coins in 5 minutes = guaranteed carnage ... sure is fun watching $$$ burn ... $850,000,000 worth of market cap devaluation in 5 days time ... if you all can destroy a billion $$$ in value in a week i think there's a trophy for that ...
Yeah, destroying wealth is hilarious. |
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13xx cny today? Who cares about cny? Go to the chinese board with that shit. |
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Can we hurry up and get this to $10k. Thanks.
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If devs decided to make this change, miners and nodes would then have the option to follow or not, essentially what you are suggesting would be a fork/ hard fork, saying it ain't so ^^ is semantics.
You can test your theory, create a hard fork of BTC now, increase the limit to 42 million and convince all of the nodes and miners to follow you.
I will give you my vote now.
NO
Its not a theory. Its there in the code.... May be you could show us the code? Find the line that says there will be 21 million. The code is on the net. Please give the link to the file and the line number. Thank you. |
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What a surprise, another fake pump to dump a little bit higher before sub 200 retesting, people never learn. There will be a real rebound but only after confirming of 160$ "bottom".
Lol, wishful thinking. |
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I hope this snaps right back and teaches these traders a lesson on dumping borrowed coins.
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I've been in to bitcoin for years, and only last year did I manage to get [a HODLING system] that didn't keep me awake at night.
And what was that? I still feel some discomfort. laptop. battery powered. room with no windows. take out HD. boot up with tails. insert USB stick with bitaddress.org HTML on it. Open html in firefox. generate wallet. connect to dumb printer. print out wallet. LAMINATE KEYS (one story on here of a guy spilling whisky all over his paper wallet). put in fire proof safe. extra points if you destroy the laptop afterwards (totally unnecessary  ). I sleep fairly well now. But something more secure still is on its way as I've told too many people that this is what I did. Should make sure the private keys are BIP-38 encrypted too so if anyone does find the keys (by stealing your fire-proof box), they still need the password to use them which would give you enough time to move the bitcoin with your backup copy of the keys. |
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You guys think $1000 by end if the year Is possible  Absolutely. I would not be so sure about that. Considered that bitcoin price was that high only for once in its lifetime and for really short period of time. I would be amused if bitcoin will hit $500 mark this year. Prepare to be amused. How many bag holders were created in 2014? I think there will be a lot of sell pressure once we start moving back up through the 300's, 400's, 500's etc. Your use of the term 'bag holders' explains exactly where you stand. If you have extra dollars in your bank account, you are the 'bag holder'. |
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You guys think $1000 by end if the year Is possible Absolutely. I would not be so sure about that. Considered that bitcoin price was that high only for once in its lifetime and for really short period of time. I would be amused if bitcoin will hit $500 mark this year. Prepare to be amused. |
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Hm... time to close the longs and take a really nice profit from 247$? The only profit is more bitcoin. Taking more dollars is not profit. The profit taking takes place when you acquire more bitcoin. |
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Meanwhile LTC creeps back toward $2. Seems that it will rally along with BTC this time.
LTC is losing value compared to BTC. The dollar value of LTC is irrelevant because you could hold BTC instead of LTC. |
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The money that sits on saving accounts are not real money, because they exist in two or more places simultaneously. A dollar that sits on your saving account is at the same time lended to somebody else and sits on their current account too.
I'm sorry, but I really have to disagree with your analysis. You are making a distincion between real and not real/duplicated money. But you are actually describing inflation/money printing. This process is not the same as the definition of M2. However, I agree that fractional reserving can be done with bitcoin for companies like Coinbase / bitcoin banks. That's not going to happen anytime soon. Even the NY Bit Licence requires 100% reserves in USD and BTC. It have already happened. At Mt Gox. Exactly...and we know how that turned out. |
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The money that sits on saving accounts are not real money, because they exist in two or more places simultaneously. A dollar that sits on your saving account is at the same time lended to somebody else and sits on their current account too.
I'm sorry, but I really have to disagree with your analysis. You are making a distincion between real and not real/duplicated money. But you are actually describing inflation/money printing. This process is not the same as the definition of M2. However, I agree that fractional reserving can be done with bitcoin for companies like Coinbase / bitcoin banks. That's not going to happen anytime soon. Even the NY Bit Licence requires 100% reserves in USD and BTC. can be done outside the US ? Can be done but I wouldn't trust them. I'm keeping my bitcoin in cold storage. Many more thefts to come before these companies get it right. |
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The money that sits on saving accounts are not real money, because they exist in two or more places simultaneously. A dollar that sits on your saving account is at the same time lended to somebody else and sits on their current account too.
I'm sorry, but I really have to disagree with your analysis. You are making a distincion between real and not real/duplicated money. But you are actually describing inflation/money printing. This process is not the same as the definition of M2. However, I agree that fractional reserving can be done with bitcoin for companies like Coinbase / bitcoin banks. That's not going to happen anytime soon. Even the NY Bit Licence requires 100% reserves in USD and BTC. |
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If this gets to 350-400 quick enough there could be cascading margin calls and no liquidity in the market to cover them. Could get really interesting!
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Still no squeeze. But it must start to hurt soon.
btc swaps still ~20K on finex, they still waiting to cover. It's the perfect storm. They've been trained over the last year that the price must always go down. Many will not learn until they lose all of their profits from the last year. |
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Is that another lambchop alt. Wtf, give it up already. Ignored. |
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