The person putting the 5k wall at 73.01 is pissing me off.
I'm giving it 3 hours before I buy out the whole thing just to watch him frantically try to buy it all back.
Must admit he has some balls keeping it there for so long. Nobody interested in any way helping me to bridge to buy that small one at $71 in bitstamp....  |
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Give the Private Key in WIF format. It is all she needs. Most wallet software support the incorporation of private keys, which for all practical purposes means to add this money to the wallet.
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Hello,
The bitcoin concept is very new to me so I am sorry if this question sounds stupid from my behalf.
How do I accept Bitcoin payments in Europe?
Thanks
The following precious metals dealer has a working solution which cost him nothing to implement, it is not beautiful but it has worked 100% from day 1, and to repeat, did not require anything. Even the wallet is offline: https://bitcointalk.org/index.php?topic=151800.0 |
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@rpietila: nomnomnom?
Anyone - there is a wallish formation in Bitstamp at a lowlow price of: $71.00 904.81775659 $64,242.06 I want to buy it. So if you for some reason have ca$h in the said exchange, yet are not willing to buy yourself, why not arrange a bridge loan for me? I already have my SEPA transfer going to the exchange but it's not yet cleared. I propose both deposit 5% of the value of the deal in BTC, to be escrowed with John K, to prevent moral hazard if the price changes. Lets work out other details in PM. |
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True.
Apparently German votes demand that. So it could not have been helped.
Germany, the old culprit  |
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EU has intentionally destroyed the economy of Cyprus by refusing to create an extra 6 billion accounting entry in their computers. This is all.
Indeed. You know, no matter how big a war is, it has its first casualty. Yesterday it was safe to do stupid things, today it is safe no more. Bad for cypriots. |
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I believe the market is driven by buyers that have faith on that bitcoin will ultimately be able to offer some, yet limited, transaction opportunity (like you can transact with gold). Despite the fact that Bitcoin is a transfer protocol, I don't believe the value primarily depends on that.
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Well the very worst that an happen is money collapses and people start bartering with goods and services.
That form of economy is as old as teh earth.
This will bring about large suffering, for the reason people don't make goods any more. They are produced in such intricate factories/production chains/networks, whose productivity is fully dependent on the ease of monetary transactions. Making a pencil, for example, takes 80 procedures, and nobody masters them all. If you would 10-double the loss in every stage when making the pencil, the pencil would be 10 times more expensive, and our living standard would take a 90% hit. |
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I think I need to practice these tricks next week...  Just be careful. There might be truly humongeous amounts of fiat rolling in next week and "nomnomnom" gone is your scare-wall and you end up having done the exact opposite of what you intended to do. lol, and having ton$ of money in the exchange with no fiat exit door! |
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New walls at 73 and 75. I look forward to a time when there is enough money on the market the the wall makers will be too fearful to do this crap anymore.
Actually the walls serve an economic purpose of transferring big amounts of BTC from weak (overallocation in BTC) to strong (new entrants) hands. If all the BTC would be sold to small investors only, the market would develop in a nonsolid way. There needs to be old world big money buying large stashes of BTC and this is what the walls are for. Translation from finnish: nomnomnom tasty big walls nomnom wait 'till my fiat clears nomnom. stfu, dont you teach them no finnish, it was a deal, hush |
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Many people buying bitcoins now actually have more faith than most current forum members. They dont care shit about price. Bitstamp was hitting $77 last thursday. If I had had money and the volume were there (both negative) I would have bought also. Who knows if the price will dip and how much it will dip, and if the lag allows to trade etc.? I would have never suspected a ->50 shakeout would happen, at the max I would have been able to buy at $65 average rate during the weekend. Who cares really. The outcomes are BTC>1000 and BTC<100 in a few years. The first is a success, the second is a fail. There is no middle ground.
Well, I fail to grasp what exatly makes people sell at $50 but I am sure they had their reasons. Margin call could be one.
I more than agree with you. Good point about margin calls, I can't blame people for that. However, if someone sold at the low $50's thinking they'd be Captain Slick and get back in somewhere below that, they are (as I'm sure they're aware at this point) foolish. Every metric by which you can measure Bitcoin points towards an increase in price. In response to your opening statement, see proudhon. In fact I just ignored him, and it made me rather sad. I'm convinced he's doing nothing but trolling these days. I love the bears, but when you can't even provide data or any argument for your position you are simply trolling. I hope you stocked up on some coin for the run this week, rpietilla. You know what is the most LOL thing in this bitcoin daytrading... you cannot get the USD out of the exchange! So basically in every panic, people sell, then they start to wonder how to get the value out - as a verified customer of MtG, I can withdraw up to $50,000 per month. MONTH! Srsly, lol, the only way I can get money out from there is to buy the bitcoins back and figure out something else. So most sellers end up buying back for this reason among others. Their selling does not relieve the pressure at all! Wonder how many bears are chewing their nails with money sitting in the Gox, unable to cash out, still in delusion of $30 prices unwilling to buy in... Meanwhile $100 millions of new money is going in at the rate of processing kyc checks. Price is a function of supply and demand. Guessing the direction has never been easier. |
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Now I'm thoroughly convinced they are grade A morons.
Haha. I often say: "Most people are fucking stupid". I thought you were just of the random dudes that spat out a negative opinion, but you actually had knowledge to back it up, good on you! You know the stupid sayings when a soccer team loses 1-2 for instance and one supporter says to the next, haha - I knew your team would lose, how fucking stupid are you! I don't condone that kind of sillyness. However, at the moment, you're right in everything you say. But at the same time, some people will always not go for the best bargains. You will find people go on saturday evenings to buy expensive pizza on a gas station, while they could've bought it for almost half the price during the week in a normal super market. That's also pretty stupid, but people still do it. Many people buying bitcoins now actually have more faith than most current forum members. They dont care shit about price. Bitstamp was hitting $77 last thursday. If I had had money and the volume were there (both negative) I would have bought also. Who knows if the price will dip and how much it will dip, and if the lag allows to trade etc.? I would have never suspected a ->50 shakeout would happen, at the max I would have been able to buy at $65 average rate during the weekend. Who cares really. The outcomes are BTC>1000 and BTC<100 in a few years. The first is a success, the second is a fail. There is no middle ground. Well, I fail to grasp what exatly makes people sell at $50 but I am sure they had their reasons. Margin call could be one. |
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@rpietila: Thanks! I only saw your post now, is the offer valid for today and for quantities 10~25?
Yes, just follow the instructions in the OP. Hmmm, I was going to do it now, but I really don't want my name and address on the forum. Can I PM you the rate so I lock it and make the tx, but give the name and address by email instead? Sure. My email is risto.pietila@silverbank.net |
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New walls at 73 and 75. I look forward to a time when there is enough money on the market the the wall makers will be too fearful to do this crap anymore.
Actually the walls serve an economic purpose of transferring big amounts of BTC from weak (overallocation in BTC) to strong (new entrants) hands. If all the BTC would be sold to small investors only, the market would develop in a nonsolid way. There needs to be old world big money buying large stashes of BTC and this is what the walls are for. Walls may also serve the purpose of keeping prices down until the ones controlling the walls have more USD cleared for purchasing bitcoins. Or they could just happily be purchasing bitcoins slowly below their wall price, and then knock down the walls and sell into the ensuing rally to secure a profit, then wash-rinse-repeat. Could be. In a bull market there is so much money to be had, even that may profit everyone involved. Many traders (Luno for example) do not even intend to capture 100% of the bull move, rather only trade when the risk/reward ratio is stacking on your favor. That is a worthy strategy, although I prefer to be 100% invested in silver and bitcoin, as I don't trust fiat. Oh, it just amplifies how bad trader I am, how come I didn't use all my stash on the ask side to look scary.. maybe it's because I am not scared of such things. Stupid me. I think I need to practice these tricks next week... |
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So the purpose of this endeavour is to aggregate information, rather than profit from peoples bets?
If this succeeds in its economic mission, to be (one of) the most versatile and most liquid platforms to predict the future exchange rate, there will be benefits to the Bitcoin ecosystem. The idea of people betting for a single dollar outcome is just there for fun and for profit. Other use cases are more professional, such as hedging and speculation. We have to remember that speculation on the price is beneficial to the exchange rate stability. Options offer greater leverage with shorter reaction time and less money down than outright trade in the exchange, and potentially lower fees also. (It is sad that people who should have no business speculating, constantly do it and lose their money, but I can't do much about it.) I would suggest to read Antal Fekete for the role of futures markets in monetary commodities. |
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New walls at 73 and 75. I look forward to a time when there is enough money on the market the the wall makers will be too fearful to do this crap anymore.
Actually the walls serve an economic purpose of transferring big amounts of BTC from weak (overallocation in BTC) to strong (new entrants) hands. If all the BTC would be sold to small investors only, the market would develop in a nonsolid way. There needs to be old world big money buying large stashes of BTC and this is what the walls are for. But they are rarely bought. Lately a little, but usually they are pulled before they can be bought. Just a fear tactic to manipulate for whatever reason. Why is there need to fear? I think the current situation of a persistent undervaluation of BTC is better than that of a bubble as in 2011. This way I will be confident to buy until $100, because then I think the bubble will take off and the abyss of the subsequent crash will anyway be higher than $100. I hope you realize that without early large holders selling, this would blow to $300 in a week and then crash. There already was a full day when I could not find enough to buy ( BTC500 in Bitstamp was an impossibility). |
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New walls at 73 and 75. I look forward to a time when there is enough money on the market the the wall makers will be too fearful to do this crap anymore.
Actually the walls serve an economic purpose of transferring big amounts of BTC from weak (overallocation in BTC) to strong (new entrants) hands. If all the BTC would be sold to small investors only, the market would develop in a nonsolid way. There needs to be old world big money buying large stashes of BTC and this is what the walls are for. |
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@rpietila: Thanks! I only saw your post now, is the offer valid for today and for quantities 10~25?
Yes, just follow the instructions in the OP. |
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And this: https://support.mtgox.com/entries/20490576-Withdrawals-and-Deposits and this :https://support.mtgox.com/entries/21503347-New-AML-Policy-for-all-Dwolla-users
Wire: If you plan to send more than 50000 USD as an International Wire, we need to know who you are. Please refer to the "Increasing Transaction Limits" section for more information on what to provide us with. Also, you will need to let us know 3 days prior to sending the funds so we can notify our bank and do not send. Please note that we are unable to accept funds coming from any entity or country listed by the OFAC*
Meanwhile in Bitstamp, Dear Risto,
Thank you for contacting us.
Yes your account is verified and it is ok to send any amount in one transfer.
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