Loaded has 200k and only a few posts, he has done that and nobody questions it. Do as you like, but if you want to be taken seriously as a big fish you need to provide cryptographically verifiable proof.
Winklevoss don't have a forum account, and I don't have a hotwallet LOL. The new wave has arrived  Do you represent them or not? Again I ask you to provide proof of your wealth, since you are the one highballing in the forum and even posing with a suit. (Are you sure you don't sell insurances or something  ) That is an old suit, which I bought in 2008 in Dubai. Btw. the Burj-al-Arab was nice. Just for the lulz, I don't know if you appreciate my gesture but I have this address. I will PM you 10 minutes before I use it. Probably you will die in waiting.. I have no intention to use it ever, as I am here to buy more coins, not to spend them, as I have all I need and my income is sufficient to cover all my possible future needs. |
|
|
|
Winklevoss don't have a forum account, and I don't have a hotwallet LOL. The new wave has arrived Even if all the bitcoins go to zero in flames, I will have the biggest personal silver account here, notwithstanding the fact that I own 60% of the bank and its mighty holdings. |
|
|
|
Loaded has 200k and only a few posts, he has done that and nobody questions it. Do as you like, but if you want to be taken seriously as a big fish you need to provide cryptographically verifiable proof.
Winklevoss don't have a forum account, and I don't have a hotwallet LOL. The new wave has arrived |
|
|
|
Now, can someone please tell me how I can short bitcoins or play the downside in any way?
Are there derivatives yet or a spread betting platform of some sort?
I am considering to extend my trading emporium with offering (writing) puts of different maturities and strike prices. The rationale for me to do so is, I have a flourishing OTC market for bitcoins. I am selling BTChundreds per day to the willing buyers. Even if the price goes down, there will be buyers, and their euros will just fetch more bitcoins. So I can offer puts for each week, up to the volume of my approximate sales, and I have enough coins myself that it can be at least partly escrowed. I can sell the coins anyway, therefore I will have the cash flow and the ability to make good of the puts. The escrow will take care that I can take the hit in the exchange rate if indeed the current price goes much lower than the strike. So this is not a differential contract but an actual binding offer to buy bitcoins at a fixed price lower than the current one, at some future date. I am profiting anything between 10%-25% on my sales right now, and the only limitation is our organizational ability to sell coins. We will start newspaper ads next Tuesday. The website. |
|
|
|
Sign a message with your wallet. If it is worth a significant amount I will leave you be.
To be honest, I laugh every time I need to "show" your messages when I suspect that they are replies to me How much coin is enough for you? BTC2,000? I don't know how to sign a message and it is offline anyway. Perhaps you post the how-to as I think I will need to learn, so as to not appear a newbie... |
|
|
|
"I want to make money without taking any risk."
Mee too  At $10/btc a group with $210 million could buy all bitcoins ever. This price is not sustainable with current levels of awareness.
There is no $210 million group interested in BTC. LOL. There are hundreds of such groups, and I lead one of them. The problem is rather, as we start to buy, the price goes up. The way to shake the unbelievers is to rattle with the price. So far doing good and my personal holdings are up BTC1000 per 48 hours. It does not really matter at what price we buy, but it is better to buy cheaply as then you get more coin. Prove it. What exactly you want? I believe I can rather easily prove any trivial matters, and I will, just for show |
|
|
|
At $10/btc a group with $210 million could buy all bitcoins ever. This price is not sustainable with current levels of awareness.
There is no $210 million group interested in BTC. LOL. There are hundreds of such groups, and I lead one of them. The problem is rather, as we start to buy, the price goes up. The way to shake the unbelievers is to rattle with the price. So far doing good and my personal holdings are up BTC1000 per 48 hours. It does not really matter at what price we buy, but it is better to buy cheaply as then you get more coin. |
|
|
|
It could go either way but the odds of it dropping to 50 are a lot higher right now than it seeing 200 in the next few weeks.
The only way it can ever drop to $50 is due to the inability/crookedness of the exchanges. In OTC market, I see absolutely no one willing to sell, everyone just wants to buy. If ever you have coins for sale for $50, or want to buy puts, just PM me. |
|
|
|
Speculations that this lag and ddos attacks are done so someone can sell off easy are unbased.Everyone can just hit a market sell and will be the first on the queue till his coins are all gone.And if he was doing it little by little he would have seen even more bids show up at every price level.Just like now after the lag is somewhat manageable.The problems are orchestrated to induce sells of many people consecutively who fear it might be late after 10min of lag.All this things are done because it is the only way to acquire coins from long term believers (even they have fears) and some miners because most of them don't trade and they might not show their coins ever on an exchange if the trend is up or at least there is no problems.If ten people want to amass 100k coins like the Winklevoss they will not see some of the coins ever show on the orderbook irrespective of the price so they need to give a reason to some people to show them - some kind of fear.It might not be even about what price the investor want to pay,some coins just won't show up if they are not stimulated.
Word. There is no lack of people willing to buy bitcoins, so every talk of "trying hard to sell them" is entirely bullshit. I can buy any bitcoins that someone has to sell, at the actual OTC market bid price, not some manipulated blackbox magic. See hopea.fi for details, what the current buy is. |
|
|
|
I cashed out half of my earnings when it was clear that we were in bubble mode, at 20x my initial investment (after being bitten twice by bubbles I finally applied the two rules of sound investment: earn money and let others win the last dollar)
Now I have 10x my investment in EUR, that will go back to diversified value investment that, till now has been the best protection for my money.
I also had 10x in bitcoins, but then you know what happened this week. If bitcoin manages to transition from a binary commodity to a currency and a safe haven, I will be only half the millonaire I could have been. Otherwise it will collapse to 0 as people understand it has no other value. I will try to anticipate that and save the little left.
And if everything goes wrong, then I will dig up the two kilos of gold buried in the garden ten years ago, split it in small pieces, and try to survive with that.
I think the "cash out a part at 10x profit" is a viable strategy if you have the need for the money or have another investment to diversify to. I, for example, don't need the money. I am making more than I need every day. Also I don't have other investments that could deliver even nearly the same returns as bitcoin. So I am prepared to invest more and more into bitcoin and never cash out. The number of my bitcoins will only ever grow. If the protocol is destroyed, but the world somehow is not, I have enough gold and silver. But I don't have the urge to cash out of bitcoins no matter how high it goes. If anything, I will divert a part of the daily earnings to something else than bitcoins, just for diversification's sake. |
|
|
|
Sucks for the people who fell for the bull trap and bought in at 110+. It's not like I didn't warn them...
Won't you please shut up or consider buying some cheap puts from me?? You could make a killing while Mt.Gox kills itself |
|
|
|
I have theorized that a harbinger of economic crisis would be a significant decline in paper gold prices. The basic mechanism would be that certain parties will realize that with a fair degree of confidence they can short sell and fail to deliver due to general market turmoil. One of the other participants in this thread and I discussed it many pages back. I think that I said I was expecting either $1k or $1.2k as the ballpark number, and I think he said less. So I don't know that that is what we are seeing at this point.
Bitcoin is to me at this point a vehicle by which I can obtain more physical gold. We didn't reach the point at $250/BTC where I was even thinking about starting to ratchet in that play, and I didn't have anything primed up to do so anyway, but at some point that will be my move.
I do wonder in light of $.5B exiting the Bitcoin market cap and stories of sharply out-of-balance physical acquisition of bullion, whether some parties are of my mindset and have made the jump.
You could be up to something.. Physical silver is difficult to obtain right now at anything close to "spot". |
|
|
|
when you don't have idea what to do just sit and don't buy or sell, lol. That's what I'm doing now.
I did the same, I refused to sell during that garbage. I bought It was an excruciating pain, but $96 was worth it. |
|
|
|
4. Second-level arbitrage (over time). Now, this one is tricky. Let's suppose you have value in both Mt.Gox and Bitstamp, and the price in Bitstamp is almost always 1-5% higher. You want to arbitrage the difference, but if you do, you will need to recycle your fiat from Bitstamp to Gox. The exchange rate trends upwards, which makes you lose outright if you tie up a lot of your funds in fiat for the transfer period of about 7 days. The way to make profit is to chart the premium, and find out when it is the lowest and when highest, and what there "trading values" are. If you sell at Bitstamp when the difference is 5% (and buy back at Gox), and do the opposite when the premium is only 1%, you will realize a profit, regardless of either 1. the exchange rate, 2. its trend, 3. its volatility, or 4. whether one of the exchanges is patently higher than the other. The only thing that matters, is that there is volatility in the premium of one exchange over the other. And granted there is |
|
|
|
Thank you so much, I already bought a PR-package from you but haven't had time to use it The project is standby, since the bitcoin volatility currently offers us more lucrative possibilities just trading it in other venues, plus OTC-trading. |
|
|
|
The only people that has earned something here are those that already have cashed out more than they cashed in.
The rest are Schrödinger's suckers. They will not know if they have earned money until they cash out
Yes, nobody can be sure whether he's made a good investment, before he has wasted the money. Before that, you will never know. You honestly think USD is some kind of end-all? I think that gold is. But we are both wrong. Before that, you will never know. |
|
|
|
The US Dollar was not at risk of losing it's trust because of it. But But Bitcoin is. Guess what CNBC's Bitcoin story tomorrow will be?
Anyone who delays his entry into Bitcoin because of news stories, is just helping us to clear out the mess, whose root cause is too high growth rate in the number of people willing to enter into Bitcoin, but he hurts himself, as his entry price will be higher, and he will thus end up owning a smaller share of the bitcoins. |
|
|
|
Thank you, myrkul. So can you comment on the numbers? How do you feel to be not the "1%" but the "0.0001%"? |
|
|
|
Actually tradehill was one of the few exchanges with a great track record. They were screwed by Dwolla who promised no chargebacks at the time and then suddenly ninja-charged back already credited funds.
It was/is run by a few ex-military guys from the US, make of that what you want.
Can you post some links please. I am doing this full time but currently have almost no knowledge on tradehill 1/2  |
|
|
|
|
I think there are no REAL suckers in this forum.. By just reading it for 7 days as I have done, I have pretty much absorbed enough to never have a chance of losing money with this.
|
|
|
|
|
Show Posts
