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181  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 04, 2014, 10:04:05 PM
One bid could take them all...

Quote
Bidders must register to participate in a designated Series. Bidders may register to participate in more than one Series, but must provide the required deposit for each Series (i.e. the deposit requirement aggregates depending on the number of Series selected).

As with the last auction, one registration allows you to bid on multiple blocks for the same price, but does not allow you submit multiple bids at varying prices. If you wish to have the ability to bid multiple prices on multiple blocks within the same Series, you will need to submit another registration form and additional deposit. The following examples are provided for your convenience:

Example 1: A bid to purchase three (3) blocks of Series A for the same per bitcoin price (e.g. $X per bitcoin for 6,000 Series A bitcoins) requires ONE registration form for Series A with a $100,000 deposit. Use ONE Bid Form to bid for ALL THREE Series A blocks.

Example 2: A bid to purchase three (3) blocks of Series A for the same per bitcoin price (e.g. $X per bitcoin for 6,000 Series A bitcoins), and two (2) blocks of Series B for the same per bitcoin price (e.g. $Y per bitcoin for 6,000 Series B bitcoins) requires ONE registration form for BOTH Series A and B with a $250,000 deposit ($100,000 for Series A plus $150,000 for Series B). Use ONE Bid Form to bid for Series A AND Series B blocks. Note that the per-bitcoin price for Series A does not need to match the Series B per-bitcoin price.

Example 3: Three (3) separate bids to purchase blocks of Series A at different prices (e.g. $X per bitcoin for 2,000 bitcoins, $Y per bitcoin for 2,000 bitcoins, and $Z per bitcoin for 2,000 bitcoins) requires THREE separate registration forms (EACH selecting Series A), and a $300,000 deposit ($100,000 for EACH registration). Use THREE Bid Forms, ONE FOR EACH Series A block. Note that each registration also permits a bidder to register for other Series (requiring additional deposits).
182  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 04, 2014, 06:06:48 PM
Price kinda stinks.

I expected a rise to about 400 dollars today.

183  Economy / Speculation / Re: The new bearwhale: US Marshals on: December 04, 2014, 02:53:10 PM
Should be the last obstacle to get the price going back up again, unless another Mt.Gox-style episode happens with something else like Coinbase or another exchange where the coins get hacked.

200K coins under the trusteeship of Kobayashi, dealing with the bankruptcy proceedings of a company owing fiat.  

Hmm, ok. Will be interesting to see how that pans out.

Is there any definite court date for the MtGox case yet or are they still mulling over it?

Creditors have until May 29, 2015 to file proofs of claims. The date for investigation of the claims is September 9, 2015.

https://www.mtgox.com/img/pdf/20140728_announcement.pdf
184  Economy / Speculation / Re: The new bearwhale: US Marshals on: December 04, 2014, 02:15:48 PM
Am I right in thinking it started about an hour ago and finishes in about five hours?

Yes.
185  Economy / Speculation / Re: The new bearwhale: US Marshals on: December 03, 2014, 09:30:49 PM
If the purchase is made off-exchange, how exactly would this auction directly affect the market?  It's not like the buyer is going to turn around immediately and dump the coins he just bought.

Why not?

So you're suggesting that the coins will auction for less than market value, taking slippage into account?

Slippage works both ways, buying and selling.  To avoid arguing the obvious, let's just say I'm in the majority.

see:  http://www.coindesk.com/citi-ross-ulbricht-bitcoins-likely-sell-discount-usms-auction/
and:  http://www.coindesk.com/usual-suspects-return-bid-latest-us-marshals-bitcoin-auction/

Or they just try to talk the price down...
186  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: November 30, 2014, 12:43:50 AM
That spike may be the ~144'000 coins seized from Ross Ulbricht's laptop.

No, they are resting here:

https://blockchain.info/address/1i7cZdoE9NcHSdAL5eGjmTJbBVqeQDwgw
187  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: November 21, 2014, 08:39:46 PM


Are there fully working Bitcoin wallets for Android, iOS and Windows Phone (true trustless wallet with sending capabilities)?

Maybe this is what you want.

https://play.google.com/store/apps/details?id=de.schildbach.wallet

And Breadwallet on iOS.
188  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: November 07, 2014, 05:12:16 PM
Where is Adam?  Huh

He's lurking around.

Quote
Last Active: Today at 01:38:00 AM
189  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: November 07, 2014, 05:05:51 PM
Another weekly pump to pick up some shorts, back down we go

....

You know the price went higher after your comment yesterday?
190  Economy / Speculation / Re: Trendon Shavers has been arrested in Texas today, November 6. 2014. on: November 06, 2014, 06:03:30 PM
LOL this dude was a scammer on this forum if I'm correct Smiley

1% compounding daily interest. Was great for those who got in early and got out before it collapsed  Cheesy

https://bitcointalk.org/index.php?topic=50822.0

Pity the first post has been edited because it gave the full details of the scheme

The original post is quoted here:

https://bitcointalk.org/index.php?topic=50822.msg607752#msg607752
191  Economy / Speculation / Re: Trendon Shavers has been arrested in Texas today, November 6. 2014. on: November 06, 2014, 05:46:15 PM
LOL this dude was a scammer on this forum if I'm correct Smiley

https://bitcointalk.org/index.php?action=profile;u=35827
192  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: November 05, 2014, 04:42:17 PM
Quote
In our ongoing effort to deliver the very best in crytocurrency trading, Bitfinex is pleased to announce several changes and enhancements to our margin system that will pave the way for better risk management, product-based margin requirements, and future trading products. We have also decided to streamline some of the associated margin features, updating and harmonizing margin terminology

1. We have decided to eliminate the “Choose your leverage” feature, i.e., 1:1, 2:1 & 2.5:1. Instead of this, we are implementing a “per-pair” leverage allowance. This will allow us to tailor the exposure based on the assets volatility. Virtually all users maximize this value, and since it is self-selected anyway, we have chosen to simplify our product by eliminating it.

2. We are also changing the way that we calculate “Tradeable Balance”. Currently, we do not consider the nature of a traders collateral when trading swaps, but that has lead to a loophole that allows a trader to effectively achieve 3.5:1 leverage by using BTC as collateral for a long BTC swap (most common example). While we are not particularly concerned about the effective leverage per se (see #3 below), we do, nonetheless want to harmonize risk management by considering any other collateral besides the one indicated by the pair (USD in the case of BTCUSD) as part of the allowing leverage for that position.

3. While we understand that #2 may impact some traders used to the “extra” leverage, we are counteracting its effects by increasing initial allowable leverage to 3.33:1. We are making this change in the context of making the following changes the margin terminology and parameters.
          1. We will be changing any mention of “Leverage” to “Initial Margin” and representing it as a percentage instead of a ratio, which means that leverage of 2.5:1 would be represented as 40%. The new leverage of 3.33:1 will be shown as an Initial Margin of 30%.
          2. Maintenance Margin will be increased slightly to 15% and will be fixed to be always be half of the Initial Margin for any giving swaps product.
          3. These changes will allow us to easily adjust the margin parameters for a given swap pair to reflect marketplace realities as well as give us the ability to introduce future products that, for example, may be substantially less volatile, requiring less margin to trade. For the time being, 30%/15% margin parameters will be the same for all swap products.

The net effect of trader behavior and existing positions will be negligible and we look forward to delivering on the possibilities and new opportunities created by these changes. These changes will go into effect on Monday, August 18, 2014 at 00:00 UTC.
193  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: November 05, 2014, 04:38:25 PM
Hey guys sorry if this is off topic but does anyone know, are you no longer allowed to change your leverage rate on bitfinex?

I thought they allowed up to 2.5x leverage, but I'm not seeing anywhere to adjust leverage settings.

so..

what happend ?
short squezzed Huh

afaik, you set your leverage rate when you register


I do recall setting my leverage settings when I registered. Odd that they don't allow you to adjust it later.

I suppose I will just have to make a new account if I want to change my leverage settings then  Undecided

They have one leverage setting for all users now.
194  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: November 05, 2014, 01:33:23 AM
do you guys believe we will shall see the 100$ this yeahr?

No way. $2xx is probably history too.
195  Economy / Speculation / Re: Winklevoss COIN -- Will it even matter? And how much? on: November 04, 2014, 10:06:09 PM
Pretty sad to see many bitcoiners pegging their hopes on the success of btc to some trust that may not even get approved, instead of the revolutionary digital payment protocol developed by Satoshi. The price isn't the only thing to hit a new low it seems.

You understand that increased liquidity is good for the payment protocol?
196  Economy / Speculation / Re: Winklevoss COIN -- Will it even matter? And how much? on: November 04, 2014, 08:30:11 PM
Winklevoss Twins: Bitcoin Trust Is Alive and Well

197  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: November 01, 2014, 06:01:37 PM
I read it but I feel like I'm missing something:

Quote
its a 2 way peg, so both BTC and scBTC can move freely back and forth.
Can you elaborate? How are the both to be pegged? How is the peg rate determined, and does it float?

Since you are free to move coins between BTC and scBTC, the price will be the same. You don't sell scBTC for a lower price when you can transfer it back to BTC and sell it for the full price.
But how does this work? Is it just a way of destroying Bitcoins without actually destroying them (ie destroying Bitcoin and creating Sidecoins and vice versa creating Bitcoins and destroying Sidecoins, "converting" them 1:1) at the protocol level? I suppose cypherdoc's argument is that assuming Sidecoins will be valued less than Bitcoins of equal convertible value, people will be arbitraging that.

If I have understood correctly, then this doesn't seem a problem. To profit off this arbitrage, you need to buy Sidecoins (for USD say) and sell them for Bitcoins (selling those again). Thus the price has to rise to a level where friction prohibits arbitrage. It sounds like we're discussing a perpetuum mobile here. Either that, or I still misunderstand. Cheesy

You got it right.
198  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: November 01, 2014, 05:20:06 PM
I read it but I feel like I'm missing something:

Quote
its a 2 way peg, so both BTC and scBTC can move freely back and forth.
Can you elaborate? How are the both to be pegged? How is the peg rate determined, and does it float?

Since you are free to move coins between BTC and scBTC, the price will be the same. You don't sell scBTC for a lower price when you can transfer it back to BTC and sell it for the full price.
199  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: November 01, 2014, 05:18:18 PM
My point being there will be a motive to short the SC token.

great point.  the shorts will do this b/c they will recognize that the SC is less secure and more prone to failure.

as they drive the price of scBTC down, all those here who think the 1:1 peg demands that the price of 1 BTC= 1 scBTC will sell their BTC to follow.

No one will try to short scBTC. If someone tried, people will buy the lower priced scBTC, transfer them to BTC and sell them for the real price.
200  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: November 01, 2014, 04:20:23 PM
forever until SC crash.

you just proved my point.  that single fact means a scBTC will forever be worth less than a BTC.  

thru arbitrage, the scBTC will drag down the BTC price to where it "appears" they are equal in fiat terms.

You are right in term. BitstampBTC is draging down real BTC price.

It's dragging up. You need BitstampBTC, KrakenBTC etc to use an exchange. BitstampBTC have increased utility.
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