1782
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Economy / Speculation / Re: Calling top at $16500
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on: December 11, 2017, 06:08:41 PM
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These guys have trillions in derivatives. Once wall street has their future positions 10-100x the size of the actual market, then it becomes cheap (and in fact very profitable) for them to move the price wherever they want it to be.
Only if they hold most of bitcoins in their custody, like it happens with gold and silver.
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1790
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: December 11, 2017, 12:57:38 PM
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I noticed the 20% limit on futures is not for the entire month, but for a single day.
That is, if bitcoin go to 18k, they can put +20% on it, for january 18th.
If it go to 20k in the next day, they can put more 20%.
They only halt the trade for that day, and continue on the next.
This will boost the bull run. Because they will be betting for a increase, and people will be buying more so that the bets are hit, thus increasing the bets for january 18th, creating a snowball effect.
Just HODL it.
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1791
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: December 11, 2017, 03:49:22 AM
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<snip>
But the price can change by 20% in one day. Hell, in one hour. Or minute even. So what's the deal here? They haven't done their research, or they are trying to force bitcoin to conform to their fiat norms, or what?
yeah, they have no idea what they're dealing with. They are being pressured by their clients that want exposure to the price, but they can't cover losing bets when the price moves further than their margin limits can cover. I'm sure there is enough demand from the customers to continue futures trading, but they will need to re-think their approach: just imagine - they broke their limit in about 4.5 hours... just imagine what might happen when they close shop for the weekend? It is said they are going to use arbitrage. They will buy and sell from a real exchange and send it to futures. This video gives some explanation: https://www.youtube.com/watch?v=vGnH-Od1lJMOK, first of all, don't listen to those two guys in the video. they have no clue, you will get REKT Second, how are you going to "send it to futures" when the futures don't trade over the weekend? Third, oh, nevermind, you are going to be REKT no matter what I say. Best of luck trading Im not going to trade in futures.
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1792
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: December 11, 2017, 03:36:57 AM
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<snip>
But the price can change by 20% in one day. Hell, in one hour. Or minute even. So what's the deal here? They haven't done their research, or they are trying to force bitcoin to conform to their fiat norms, or what?
yeah, they have no idea what they're dealing with. They are being pressured by their clients that want exposure to the price, but they can't cover losing bets when the price moves further than their margin limits can cover. I'm sure there is enough demand from the customers to continue futures trading, but they will need to re-think their approach: just imagine - they broke their limit in about 4.5 hours... just imagine what might happen when they close shop for the weekend? It is said they are going to use arbitrage. They will buy and sell from a real exchange and send it to futures. This video gives some explanation: https://www.youtube.com/watch?v=vGnH-Od1lJM
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1795
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Economy / Speculation / Re: Why are banks putting up with crypto trading?
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on: December 10, 2017, 08:05:18 PM
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Well, I remember back at China FUD, the banker Jamie Dimon had called bitcoin a "fraud" at the same time his bank was buying bitcoin papers in Nasdaq Stockholm. He was even accused of fraud by the swedish state.
So I think in the long term, they are going to adopt it, because most people dont want to have responsibility over their own money. They want it on the bank, because hackers. The banksters only criticize it to create FUD and buy the dips.
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1797
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: December 10, 2017, 01:40:35 AM
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The FUD is strong these days, almost reminds me when BCH was a thing XD
Some people might FUD because theres no clear explanation of how futures work, and we dont know who have been pumping bitcoin recently. It could be hedge funds who are going to sell contracts in CME, and we dont know if the banksters who are against bitcoin will be their clients or not. So some people are shorting, based in this fear, I think. If you are going to short, just short some small bit, hold the rest, because fiat is not worthy it, unless you really want it to pay bills.
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1798
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Economy / Speculation / Re: Sell, Hold or Buy?
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on: December 10, 2017, 12:35:15 AM
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Hold.
If you want to sell, you can sell a small bit, like 10% of your stash, but only if you are sure it will fall, then use it to rebuy more at the bottom. You can miss it, though.
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1800
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: December 09, 2017, 09:18:40 PM
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What I find odd in all these confiscation stories is the password protection of confiscated bitcoins. I mean ok, the authorities might have access to a wallet.dat which says it has XXXX bitcoins in it, but from there to actually accessing the funds is quite some distance away - assuming there is a wallet key protecting the funds.
That's why I'm assuming that most authorities' "confiscations" do not necessarily translate to getting access to those coins.
But dont they interrogate the guys who are arrested?
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