This is insane.  So maybe that's how we're going to go up this time... One huge short squeeze, when price gets near 530 again, leading to a drop into the 400s, and, hey!, we have our 2014 SR event  You mean long squeeze. |
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This is insane. |
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Everyone remembers Prof. Bitcorn's idiotic prediction, but do we remember Shillbert's as well? Dec 11, 2013: "We're three to six months away from Wall Street dollars moving into Bitcoin in a big way" It's just so funny when his job as a fund manager is to make everyone believe that Wall Street is coming so that Wall Street does indeed come to hand him over money so he can get his sweet, sweet fees. (Front End Fee: 1.5% (reduced to 0.5% for Q1 2014) Annual Administrative and Safekeeping Fee: 2.0% Back End Fee: 1.5%) |
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Where do you get the 2 months from? I understand that the 2 digit changes are just some rounding errors, but what about the 3 digit entry on June 3rd? It wasn't meant literally, but comparatively. Barry Shillbert better do some quality shilling … perhaps his auction syndicate was a sore attempt at that? Quoted for truth. Yeah, I'm starting to seriously dislike the "Speculation" subforum because the participants want to completely ignore reality in favor of some made up fantasy.
Agreed, many here just seem intent to lend importance where there is none, meanwhile making up things that suit them and disregarding evidence. |
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I don't expect the price to be released anytime soon, if ever. It'll probably be irrelevant for the purposes of market sentiment, that's why it is so astonishing to me that people are seriously debating this, but I won't say no to joining the fun. <quick, run away and avoid answering this question. Again.>  Again? Where did I avoid answering one of your questions? I'd like to do so now, sorry if I missed it. |
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Still nothing? It's amazing that noone is buying Bitcoins. All have lost interest?
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Interesting tidbit for many here: "They make the obvious prediction that the Bitcoin will be sold for under-market value" Are you guys going to be flaming the Bitstamp owners now? It does line up with the fact that noone has been buying Bitcoins at SecondMarket for almost two months. See: https://bitcointalk.org/index.php?topic=337486.0 |
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Interesting tidbit for many here: "They make the obvious prediction that the Bitcoin will be sold for under-market value" Are you guys going to be flaming the Bitstamp owners now? |
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It looks like the diehard bitfinex traders are just keep taking more and more margin positions, until they all get liquidated somehow.
what happens when they get liquidated? whats the end result of all these traders taking more and more margin positions?  |
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It looks like the diehard bitfinex traders are just keep taking more and more margin positions, until they all get liquidated somehow.
Utterly insane class of gamblers, it seems inevitable for this to culminate in a liquidation cascade similar to February on Bitfinex. |
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Woah... Since when are you a hero member, Eurotrash?
You'll get there. |
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If you thought the price is fallin because of the auction, then you are dead wrong, that was just my little adopted brother tryin to fool you!
MY OWN real work happened behind the scenes and will be released SOON with drastic effects!
How many more accounts, fonzie? |
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Huobi is lower than bullfinex.  |
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Love the frappuccinos.  |
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Guys, just a few moments ago there was another USMS auction email fuckup... this time, they leaked the form every potential bidder had to fill before submitting a bid: We received your bid request. As your bid request met some of our volume and frequency thresholds, we will have to kindly ask you to help us better understand the nature of your relationship with Bitcoin. In order to do so, we require that an additional KYC (know your customer) procedure is completed before we can proceed with the processing of your bid.
We kindly ask you to answer the following KYC questionnaire:
1. How did you learn about Bitcoin?
2. The purpose of buying Bitcoins?
3. When and how did you obtain your USD?
4. What is the reason for your activity - depositing BTC, selling, withdrawing?
5. What are your future plans and activities planned during your life?
6. Do you plan more of such bids in the future? If yes, how many and why?
8. Which bank are you using? Please provide the complete address and SWIFT code.
We kindly ask you to submit your answers and documents in a reply to this ticket. Good one. |
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OK let me rephrase this: The largest populated country in the world with 20% of the entire world's population, the largest financial shadow currency trading enterprise in the world, and half of the world's bitcoin exchanges being potentially taken out of the game completely by their government is much more important than 0.22% of bitcoins being sold at an auction.
I won't disagree. Thing is, we have already known for quite a while now that "4th party" funding channels for exchanges were going to be taken out. Or is there anything new? |
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My point is that the Chinese probably have about 10x more influence over Bitcoin than this auction as they still trump the entire 'west' in volume on EACH of their exchanges.
How real is volume that is generated by 0% fees? We have to account for that. Personally, I've only observed Bitstamp leading and Huobi following it reluctantly. I don't know why some perceive the opposite. |
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I can't believe there are still people here who don't think this is because of the auction.
"Just normal market behaviour".
I believe it is because of the auction. You need to stop thinking people are rational, they are stupid! This is why auction has so much influence on price. Here's the really stupid thing. The SR auction is about BITCOINS, and bitcoins only. Yet altcoins like Litecoin and other alts are being forced down by the whales too, causing people to panic for their beloved alts as well. Even Dodgecoin is being sold off, which has absolutely nothing to do with the SR auction. Not that stupid if you consider that altcoins draw their source of dollars from Bitcoin almost exclusively. If Bitcoin shrinks, so do they. |
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Total sum of active swaps 26,134,755.35 USD
Don't those maniacs on Bitfinex ever decrease their margin positions, or do they just wait until they get liquidated? It's like a ticking time bomb.
For the past 6 months we've been in a sideways/down trend yet the swaps on bitfinex just keep growing and growing. There are now 500% as many swaps loaned out as there were at the PEAK of the rally at $1200. It's quite fishy actually. I wonder if bitfinex is operating as a fractional reserve now? Not that I think it unlikely for any of the current exchanges to be a bunch of crooks, but what would be their incentive in pumping up this stat by introducing a fractional reserve? Fake money to pump up the price with? I'm willing to believe it's real and there are just lots of crazy people who wait for the imminent bubble messiah and bet the farm. After all, the "bubble watch" on r/bitcoinmarkets said so. In any case, it certainly is a whole lot of money if we just consider that it's half of what MtGox (supposedly, anyway) had at its peak. |
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