WTF tarmi, why haven't you shorted this back to $225 yet?
Curious absence of bears. Glad I went long this am. this is going sub 200 guaranteed. bahha. yea, where are those guys? |
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anyways guys, im almost done with cold staking. I just had some questions for rat4 about submitting the block. IF you guys hear from him, let me know. I sent him an email. Rat4 if you see this please check your email buddy.
Are you coding this? |
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What a great setup we have here. Market overwhelmingly bearish with retail shorting bitcoin to all time highs at the end of a bear market. Coin supply dwindling and swap rates rising on finex.
All we need now is a spark start a cascade of short contract capitulation, say, the opening of a wall street etf.
With all due respect to the powers that be, I don't think many of us got into Bitcoin giving a shit about Wall Street. I don't see why that should change now. True. But for bitcoin to attract new participants it either needs a stable value or not to fuck over everyone who invested previously. A great way for that to happen is for it to function firstly as a store of value (e-gold) and then function as a working currency second. Gold and silver have destroyed as many fortunes as they've made. I don't expect Bitcoin to behave any differently and don't see why it would. If you cannot see what suddenly allowing the vast sea of investment capital (multi trillion dollar pool) access to btc could potentially do to the price then I can't help you. Just fifty million USD would smash the price into the stratosphere. Big picture remains that bitcoin is an excellent assymetric financial bet to speculate upon. Why do you think all the trolls and bears are really here? Bears and trolls are here probably to talk up their shorts, which have been considerably more successful than my long.  You have as much of an agenda as anyone then... |
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What a great setup we have here. Market overwhelmingly bearish with retail shorting bitcoin to all time highs at the end of a bear market. Coin supply dwindling and swap rates rising on finex.
All we need now is a spark start a cascade of short contract capitulation, say, the opening of a wall street etf.
With all due respect to the powers that be, I don't think many of us got into Bitcoin giving a shit about Wall Street. I don't see why that should change now. True. But for bitcoin to attract new participants it either needs a stable value or not to fuck over everyone who invested previously. A great way for that to happen is for it to function firstly as a store of value (e-gold) and then function as a working currency second. Gold and silver have destroyed as many fortunes as they've made. I don't expect Bitcoin to behave any differently and don't see why it would. Only if you day traded with borrowed money. |
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What a great setup we have here. Market overwhelmingly bearish with retail shorting bitcoin to all time highs at the end of a bear market. Coin supply dwindling and swap rates rising on finex.
All we need now is a spark start a cascade of short contract capitulation, say, the opening of a wall street etf.
With all due respect to the powers that be, I don't think many of us got into Bitcoin giving a shit about Wall Street. I don't see why that should change now. Whether you give a shit or not, several billion dollars of potential investment will have it's way with you. |
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Volume on BTC-E is nothing like yesterday though
there is huge volume in the order book though.... |
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the fun starts again. This time to $300?
Just saw that too. Busy yapping about mining cost and didn't notice that BTC-E started heating up in the last hour. repeat of yesterday.... |
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the fun starts again. This time to $300?
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If you wanna give me even moar coinz, go ahead. I'm patient and not over-leveraged. The lower it goes, the more buying power I have.
no, stupid fuck. your buying power will be the same, you will just buy more coins. My ability to buy coinz will increase, even if the amount of fiat I have to spend remains constant. I'm pretty sure you'll run out of coinz to sell before I run out of fiat, unless I get fired I suppose. Chinese megaminers have plenty of coins to dump, don't worry about that  um, no. All miners everywhere have only 3600 coins/day to dump, excluding stockpiles. How much stockpiles are left after a 15 MONTH BEAR MARKET is unknown, but the number is surely much smaller than in the past. at $225/BTC, that's only $810,000 dollars bulls have to pony up to keep prices stable. At ~five million unique wallets, just over 16% of which have to contribute ONE DOLLAR A DAY TO HOLD THIS PRICE LEVEL. That may not happen, but are you willing to bet on it? some Chinese electricity company must surely realise soon that accepting and holding bitcoin would be a ridiculously successful strategy. Or is that banned? Stop fantasizing, sub $220 soon sub $220 today doesn't really matter. The COIN ETF is what is going to change the landscape.... |
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there will always be bulls and bears...
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That's what I'm thinking but I'm not doubting what camolist posted. But boy, this place died very quickly.
Wish the BTC-e rally would be explained. somebody bought some bitcoins, there explained. Expecting more fireworks btw. why would a buyer of that size buy only one one exchange and push the price so drastically? Unless that was his plan to keep people guessing as he bought slower on other exchanges. |
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That's what I'm thinking but I'm not doubting what camolist posted. But boy, this place died very quickly.
Wish the BTC-e rally would be explained. |
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lol all this buys and price barely going up and it's going down so easy on tiny volume
Patience it is accumulation for the big guys. |
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$229.99 finex
Pop goes the weasle.. |
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If you were a large investor looking to trick the market I guess buying on BTC-e much like today will net you a lot of cheap coins on the other exchange for people who think BTC-e is going under.
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Starting to pull Finex and Stamp up but Huobi is not impressed.
This could really pop if people start panic covering. |
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russian bitcoin ban hammer getting closer.
just look how fast profits are leaving btc-e.
soon™.
They are desperate to get out, must have some inside knowledge. The withdrawn coins will probably be distributed and slightly increase asks / seller pressure on other exchanges. As dangerous as this may sound - another exchange possibly going down - this still sounds like one of the more reasonable explanations, actually. Crazy price action was also one of Gox's symptoms before closing for good. Hell, even back in October/November 2013 the price on Gox was almost $100 higher than on Stamp, et al. Any info on BTC-e solvency? |
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Putin is Buying, Shorters are going to get Fucked.. That would actually be really funny... And drive the price up to a whole new level. Not just some small nation adopting BTC, but: Russia! Maybe they're just banned BTC so Putin was able to load up on even more coins  Crypto will not just be adopted by Russia. Ever nation wants it. Till one day it is mandatory, unfortunately... |
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