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i think bitpay will process BTC donations for free.
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People really need to be a little more long-sighted. I don’t want to blow my own trumpet on this one, but I think GABI ending its subscription period and going live on the market will be a serious catalyst.
Mognetti says his firm’s bitcoin fund is aiming for $200m under management in a year’s time, which would put it $50m above current hedge fund heavyweight Pantera Capital.
$200m = 333,333 btc What will the price be with a 333,333 btc buy? idk but one thing is for sure  |
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it's an interesting idea, but seems this ATM would end up buying high and selling low. someone loads the ATM with 10BTC the ATM gives him 6,000$ cash, then that ATM is considered overload in BTC so it offers to sell the same 10BTC for 5,500$  you'd have to charge one hell of a fee to make buying high selling low profitable. There's no such thing as "overloaded in BTC" - bitcoins don't take up space. Giving up cash would either cause the machine to increase the price more slowly, or reverse and start lowering. You'd need to maintain a spread between the buy and sell prices, and probably also limit the amount of a sale such that you'd never get the situation where the customer could arbitrage the machine itself. right, very clever idea, hope to see some implementation of this one day. |
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Delusional... is that one of the steps before a market turnaround? I'm thinking it comes before anger and finally acceptance. This place is full of delusional posts, so we're not going anywhere for awhile.
Here's the real deal: we're on the seventh daily red candle in a row, and (once again) weak volume, can't break $590. I think a re-rest of the $570 support is much more likely than a return to the $600s...
week vol? vol has spread out across many new exchanges ... your trading on invalid data. |
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550 is a pipe dream
monkeys across the globe are waking at the thought
its not going to happen people....
I get the same feel, price is going up. so why do I feel compelled to do this? My open trades Created Buy/Sell Amount Rate Value Status Cancel July 29, 2014, 7:36 p.m. Buy 0.2000/0.2000 BTC 612.00000 CAD 122.40 CAD Open July 29, 2014, 7:27 p.m. Buy 0.1000/0.1000 BTC 626.00000 CAD 62.60 CAD Open July 28, 2014, 12:48 p.m. Buy 0.4000/0.4000 BTC 616.00000 CAD 246.40 CAD Open July 28, 2014, 12:48 p.m. Buy 0.0257/0.2000 BTC 621.10000 CAD 15.96 CAD Open One already got chomped nicely but due to time constraints I didn't catch my original 612 bid, but it's back now. ding! ding! ding! dinner's ready! come and get it!!! (lol, I'm such a whale  I'd be buying here too, but I acted too quickly, and spent all my colorful canadian money weeks ago at ~636 |
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550 is a pipe dream
monkeys across the globe are waking at the thought
its not going to happen people....
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Its a very clever perspective and in fact the most interesting thing I've read in this thread all week. tl;dr; He's essentially saying if you can't get a bank account to support your ATM then outsource the job to customers. You do this via local supply and demand. When the machine gets lots of fiat, raise the price of BTC at that machine. When the price gets high enough, somebody will sell the machine BTC for fiat. When the machine gets lots of BTC, lower the price. The ATM operator makes money by taking a small fraction of every trade, doesn't matter what the price sold/bought at is relative to the rest of the world (in the long term). But of course when it diverges someone will show up with either BTC or cash to do the arbitrage... online posting the current price of BTC at your ATM encourages arbitragers to show up... it's an interesting idea, but seems this ATM would end up buying high and selling low. someone loads the ATM with 10BTC the ATM gives him 6,000$ cash, then that ATM is considered overload in BTC so it offers to sell the same 10BTC for 5,500$ you'd have to charge one hell of a fee to make buying high selling low profitable. |
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 looks good 600 keeps switching between support and resistance, I expect more of the same. I really don't see market crashing below support, news has been good, and I expect more of the same in that department too. really the only reason we are down seems to be due to impatient sellers selling in to cool headed methodical accumulators. I am confidence we will break upward out of that mini triangle sending us back above 600, and probably going for a test of resistance (640ish) soon after. looks like we will be stuck in this range, for a while longer. not a bad time play the crypto currency day trader role, be the market, buy on support and sell on resistance, easy money. |
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this is going to be something else in the next bubble 1) poeple start "locking" there bitcoins in other more stable asstes 2) bitcoin reaches moon 3) everyone unlock there bitcoins on the moon because poeple want to see how there bitcoins bounce around on the moons low gravity 4) MARS!!! This is just horribly unethical marketing. "Lock" means "sell". "Unlock" means "buy". And no, it doesn't have all the benefits of using bitcoin. While it's locked you get zero benefits because you don't own any. At least up until now, the newbies I profited off knew that they were trading bitcoin. When they bought at the top and sold at the bottom, they were just poor traders. With coinapult they don't even realize that they're trading. if anything this adds a gr8 deal of usefulness to bitcoin, making it easily interchangeable between a variety of assets plus there the added bounce for speculators that you're talking about. we're all gana be rich! BUY BUY BUY !!!!!!!! |
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this is going to be something else in the next bubble 1) poeple start "locking" there bitcoins in other more stable asstes 2) bitcoin reaches moon 3) everyone unlock there bitcoins on the moon because poeple want to see how there bitcoins bounce around on the moons low gravity 4) MARS!!! Wouldn't this stifle bitcoin price though?? not if we utilize rocket science methodology during the locking period rocket science:1) acummatle a lot of bitcoin 2) provide Shit Tons of cheap USD loans on finex 3) 4) PROFIT!!!!!!!!!!!!!!  |
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this is going to be something else in the next bubble 1) poeple start "locking" there bitcoins in other more stable asstes 2) bitcoin reaches moon 3) everyone unlock there bitcoins on the moon because poeple want to see how there bitcoins bounce around on the moons low gravity 4) MARS!!! |
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The people offering USD for swaps are in the btc market. When the price starts rising consistently, they will move their money into btc, and leverage will dry up on Bitfinex. That is the main reason most swap offers are 2 days: if the price skyrockets, they don't want to miss out.
so we have 30Million of potential panic buys.  |
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also the ridiculous ROI poeple have reported for just lending USD on finex, seems to indicate that the "credit bubble" has much room to grow.
Do you think that all that FIAT money that is 'parked' in Finex is good for the price of Bitcoin, since it is effectively being used to buy more bitcoin, or is it bad for the price. I'm trying to figure out the exact workinga and implications here  I think it doesn't make much of a difference for price, all it dose is dampens volatility as the potential profit on any given trade is multiplied with leverage. ( thats the theory anyway ) if poeple are using leverage as a way to prop up the price so the rest of their holdings look more valuable we might have a problem... |
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rocket science: 1) acummatle a lot of bitcoin 2) provide Shit Tons of cheap USD loans on finex 3) 4) PROFIT!!!!!!!!!!!!!! |
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also the ridiculous ROI poeple have reported for just lending USD on finex, seems to indicate that the "credit bubble" has much room to grow.
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