If I was those people I'd buy BTC from these little markets (Coinbase, Bitstamp & others) then sell for a 2x profit on OTCmarkets.
The catch is that you must give the bitcoins to Grayscale, they will give you fresh BIT shares, and you must keep them for 1 year before you can sell them on the OTCQX market. Good luck... Dont forget that for $50m in bitcoin, you must give them $100m. Just to feel 'comfortable'. Yeah, that will work. |
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 Back when SQL was disruptive....
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is crypto done??   you are giving signal to buy.... Go git 'em, tiger. I am basically all in long term, at 224 already. short term, it's buy on dip, sell on rally. Of course you are, Honey, of course. |
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All the dumb ass toaster miner shows is that if there is a VC in the world willing to dump $116 million into that... surely there are at least 10 that will put $50 million into Bitcoin. What would a few $500,000 market order do to these thin ass markets?
Wtf is a the point of a Bitcoin Toaster? Do they figure that is the most commonly plugged in thing in day to day peoples lifes?
Bitcoin's killer app.  U beta recognize! Nice. |
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 Where is dev dev ded? hasnt been on corrie in years. |
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what the hell is going on?
any bad news?
That was lots of money being made. |
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He definitely nailed it. I would argue though that the healthy growth line should/will track the dotted line for several more months.
He did. But he is already over optimistic. If we are not tracking the line now, how do you think we will be able to do it for several months? |
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"If it hasn't been tested, consider it broken..." The knight Capital fiasco is definitely a required read for anyone releasing new software. The issue was so simple, and cost them $400m in 20 minutes. |
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we going to hold? Yes. Just hold the position.....  |
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Yeah, you're real big on irony
Hell, if I could borrow some, I'd be short on Irony too....  |
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Maybe troll a less tech-saavy crowd.
Fuck me, but thats funny. |
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I'm not a TA cultist so I tend to to take most TA with a grain of salt but this jumped out at me.  Doesn't this look like a classic flagpole and pennant? Isn't that supposed to be bullish? Hm, wouldn't all sudden, sharp, upward spikes look like that? Not sure.. Also, BFX shorts approaching 23k. Cant say they didnt deserve to be burned... Thats from a peak of 31k just a bit over a day ago. However there's tons of cheap shorts available again (10k) and building. That will probably be taken upon the first sign of a dump.. He drew random lines to a pennant shape. On a 15m chart. Anyway, cheap shorts are looking good |
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.... am I the only one whose mind is boggled by their ability to ignore what they said two days ago and still claim that what they are doing makes sense? It's like a populist party. Of course they were right all along. They have called every possible movement there is.
Waves on a chart tend to play themselves out in patterns (impulse, corrective) and adhere to fibonacci levels as EW dictates, but they are driven more by volume, trader psychology and supply/demand than by a predetermined set of rules. EW tries to quantify this behavior but I find it best to keep an eye on their possibilities while analyzing volume and trends and where they're likely to begin and end. It's just one of many tools to use. Plenty of methods will help reduce risk and point one in a direction of high probability trades. At the end of the day though, good trading comes down to money management than anything else. But yeah, on a basic level it's mind-boggling to sift through the plethora of EW charts. One of them has to be close, therefore EW works. This reasoning can suck in newbs IMO and give them a false sense of security. I guess. It's just that every time I see this flock of seagulls turn on a dime I start thinking of Thomas Kuhns "paradigm shifts" and the structure of science. These guys seems to be stuck in a paradigm that's in a heap of trouble. However it's not exactly natural science, so Kuhn doesn't apply. You are not wrong. |
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The GBTC market is about to open. I'm not surprised if it continues crashing toward BTC parity.  This is not a bad thing. We need volume and a slight premium. Once that happens we will see it impact prices on other exchanges. Many people on here were waiting for the first GBTC trade to initiate the resurgence of a bull market. However, the market digested the news and FELL. During US hours on May 4th, the price hovered around $240. Early morning May 5th, the price fell to a low of $231. GBTC, while a step in the right direction for the investability of Bitcoin, has serious shortcomings that prevent it from being the catalyst that everyone wishes it to be. It is impossible to arbitrage the premium between GBTC and spot. The arbitrage mechanism is what would trigger a price rise. The buying pressure that leads to a premium over Net Asset Value (NAV) needs to find it’s way into the Bitcoin spot market. That happens when market makers, sell GBTC, buy Bitcoin, and deliver the Bitcoin to the fund manager in return for shares of GBTC. That allows the market makers to capture the premium. Even if GBTC had significant volume (only a handful of shares traded), the fund structure prohibits the creation of shares by tendering Bitcoin or cash to the fund manager within two settlement days. The creation process must happen within two settlement days to match the delivery of GBTC shares to the buyer. Then the sale by the market maker will be considered a long sell and not a short sell, which requires the trader to borrow the shares before selling on the open market. Currently it takes one year to create new GBTC shares. GBTC will not save Bitcoin from the jaws of the bears. The premium it trades at is interesting, but not significant. If the first GBTC trade was your bull market thesis, it is time to go back to the drawing board. GBTC traded, and the market yawned. |
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Looks like almost 30k bitcoin was moved in the last hour with less than 5 dollars slippage.
That's some decent liquidity.
Except that its probably not real. Im guessing there is a trading script gone mad here. As I thought, Alphapoint integration messed up. Integration testing much? |
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Looks like almost 30k bitcoin was moved in the last hour with less than 5 dollars slippage.
That's some decent liquidity.
Except that its probably not real. Im guessing there is a trading script gone mad here. |
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20.000 bitcoins burned for only 4 usd dump. We are strongest than ever.
Somebody better tell the mini bears that their over lord bearwhale failed to crash the market so he could buy in massively cheaper. Stick the cork back in your champagne chaps, it's not time to party yet. 4 USD dump lol. Poor little bears. They can´t even catch a wounded fish floating on the river. This is the bulls time!  Just quoting this for posterity. Carry on. |
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Ok, I'll show you some TA that will make sense of it all. As illustrated by lowstrife on the left and Jingle Bells on the right, we are currently in the 10th bar. We will be moving between 230 and 240 until the end of the 12th where we will briefly visit the 250 area.   Awesome! |
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