I agree with one point in the OP's posting. I also thought about a delay tactic, when I heard about all the stupid KYC/AML Questions. That is why I moved to Kraken.com, where I trade over 250.000 US$ per month at the moment. On Kraken.com the procedure was:- Sign up and verify for Tier4 - Send in my passport, my company documents (trade register excerpt), and the annual tax return (it was, I guess). that was just about it. On Bitstamp:- Sign up and everything works fine on the first glance - As soon as you want to withdraw, your funds get frozen and you are presented with a huge list of personal questions, where you have to explain the sources of your wealth, you have to proove the origin of your coins, you have to hand in invoices of purchased bitcoin mining environment, and so on  If you have bought your miner on eBay (without an invoice) -> bad for you. So they might be trying to prevent money leaving the bitcoin economy? |
|
|
|
|
And see here the problem with Bitcoin. Miners are accumulating without wanting to sell "Because MOON!!!11", buyers are unwilling to buy "Because through the FLOOR!!!111". So the only conclusion that rests is that the bitcoin economy is saturated atm.
|
|
|
|
As for DanV, he has been calling Bitcoin correct for months. Everyone else has not. Just watched a video of his from Jan 5th, on the eve of the $995 top, and he was stating that his analysis was telling him that we could expect a retest of the $450 low (he was using MtGox charts back then). Who else was stating that back then? No cunt! He was right, everyone else was wrong, which would suggest to me that DanV has the all important context of his EW cycles correctly aligned, whereas everyone else doesn't.
well thats just plain false. I doubt there are any other EW analysts that you know of. My count is yet to be validated, so you cannot say so much about mine. You've had so many fucking counts invalidated, if they were steps we could all walk up and touch the moon ourselves, without bitcoin's help. You talk a good talk, but you are biased towards being a bull - you only see bullish things. You are not impartial. At any rate, if you are wrong about this, will you stop posting your charts on this forum for a while - say 6 months? say hows that bet going ay ol buddy windjc? seems like you have missed out by a few yuan. must have been a critical juncture ay? did you take my advice to buy at 430? lol. I know how much money you've lost being contrary so you say. Im a winner and I cant wait for you to fill my sell orders. Hahahahahahahaha. What were you saying? PS I really love the fact that you already went and edited the bolded sentence out of your post. Too bad others quoted you. Well he is winning at getting his EW analysis wrong as many consecutive times as possible. |
|
|
|
Bought at 446, now its 442 HORY SHET SELL SELL SELL
Can you explain to me what the idea behind buying in at $446 was? I guess it was emotional trading? Such denial by these poort bulls. |
|
|
|
And don't forget...
All bitcoin hodlers will be summarily executed.
This board will be a better place  |
|
|
|
CCMF!!!!11111  |
|
|
|
Chooo-Chooo, china has woke up, time for some flying high
CCMF |
|
|
|
You could actually short sell on Huobi? I`m asking because I learned that crypto people here call it "shorting" when they actually just sell coins, but I guess not in this thread. So people could borrow BTC and then short sell them on Huobi? Where did they borrow?
For as far as I know yes, and you could even leverage your trades. |
|
|
|
Hey Windjc, how's your 1200btc short doing? Do you still have it open?
Most of it. Yes. I have learned in the past, that the worst thing you can do it overreact when the market moves against you. It ebbs and flows. Certainly I am not happy about the announcement from the exchanges that caused all the shorts to close on Houbi, but I think it smart to see how this all plays out. Sometime soon, the exchanges have to come clean about what is going on. And, whatever it is that is going on, there is no way that the chinese market is bullish on fresh fiat. All we are seeing there right now are the same coins being traded back and forth and the only money buying is money of the sidelines. So, until I see a break of trends on high volume with confirmation, I won't be making any sudden panic trades. Probably tomorrow morning the market will go down again. |
|
|
|
|
Dump of the century about to commence:
- Pumped price: Check
- CCMF idiots: Check
- People willing to dump their coins: Check
|
|
|
|
So the only way out for money trapped on Huobi etc is through BTC :O |
|
|
|
How can you lose your savings if it didnt go to 0 ? The very worst you could do is lose 60%
That wasn't meant literally, of course. Losing 60% of all you own is bad enough, don't you think? But you CAN lose all of your life savings if you left the bitcoins in MtGOX, invested in Neo & Bee, or any of the other zillion bitcoin scams. (The first time I heard of bitcoin was when Rick Falkvinge tweeted that he was investing all his savings in bitcoin. Guess where he left them. Fortunately for him he managed to get part of them out in time.) You can also invest your 50'000$ of savings plus 50'000$ borrowed from relatives, friends and banks. (You can bet that many people did that. If the salesman says that for sure BTC will be worth 1'000'000$ in a few years...) This idea that the government needs to protect you from your own investment decisions is comical.
It is funny, but one of the things that people expect the government to do is to protect them from scammers who try to sell unsound financial instruments with misleading promises. That is why there are things like the SEC and consumer protection laws. And that seems to be the reason why many bitcoin businesses catering primarily to US citizens are based in Panama or other unlikely countries. Personally I think it is a good thing that a government does that to a certain extent, if it would not we would all be at the mercy of the gods (1%'ers). |
|
|
|
But why exactly did the Chinese exchanges pull out of the bitcoin summit, and what is the real chance they shutdown without notice in the next days?
Shutdown without notice is not that high I think, the chance of a shutdown notice being published is very likely imo. |
|
|
|
 Slowly turning around? Just wait for the dump that will occur tomorrow, set some sell stops at around $439. |
|
|
|
Once I sold an excelsheet for EUR 6,000... no, actually it was my friend, but he taught me how to do it. It had cost 500 to make it however. So we sold it to some other guys as well to cover the costs.
ADD: The graph was included in the price.
Never underestimate the lucrativeness of scamming fools. It's funny how people here are only now seeing you as a fraud. But no worries! I bet there are still a lot of fools left who believe you. You just have to keep acting like an character from an Mexican soap opera (lots of talks about castles and cigars) and there will be always some get-rich-quick fool, who see you as an respectable businessman. If an inexperienced fool imagines how an businessman is like, then the outcome is a parody, just like you. Just a reminder for the potential customers/investors/victims, that you are trying to fish out from this forum:  ROFL, had to bump this Edit: He is so rich he changed the tinfoil hat with a silver one |
|
|
|
I am very puzzled that there is a company willing to take over Mt. Gox. Mt Gox's assets are MINUS 650,000 BTC and perhaps MINUS 20-50 millions $. Their only other asset is their "reputation".
Can anybody sane could be willing to pay 650,000 BTC for Karpeles exchange's reputation of being scammers and possibly thiefs? Or their buggy, obsolete software without even production version?
Sunlot want to pay 1 btc, not 650k btc. They want control of the supposedly 200k btc left (assuming the private keys can be extracted from MK) which would be used to restart the exchange with the intention of paying 650k back to all those who are owned money. That would take years of exchange profits. Color me surprised if 2 years later the 200k is spent and only a tiny fraction of 650k is earned back for disbursement. Or they 200K BTC gets moved through some dodgy scheme and then they file for bankruptcy again. |
|
|
|
So we can finally close the China bans bitcoin chapter?  |
|
|
|
BTW look at how sad the Huobi orderbook is atm.  |
|
|
|
everybody ready for a bloodbath? When everyone that has been just waiting on the sidelines because they think the price will drop further but are shocked at how fast the price is rising and they haven't bought back in yet, then they panic buy and the price goes beyond the last ATH? Then yes!  We shall see. If we go past 465$ on significant volume I will close my shorts and wait and see what the market will do. I have to admit that it is not easy making predictions about what the market is going to do at this stage. |
|
|
|
everybody ready for a bloodbath? ? what is that ? It is what happens when a rocket crashes back into the earth on top of a lot of bulls. |
|
|
|
|
Show Posts
