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And Wall Street had the audacity to call Bitcoin volatile?
Jeez, - 272, +272, -102. Up down up down.
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Just wow, I thought this went very well. Yes, an amazing performance. He rocked it! Very bull.  Agreed. I thought I would watch the first 10 minutes or so but I ended up watching the whole thing. I wonder if Ben Lawsky will also watch it and what his reaction will be. Meet him at the border with a Swat team and a bunch of reporters. |
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WTF, this guy's been on TV doing interviews about Bitcoin in the past, and now he thinks it's finished because of a moderate (in the grand scheme of things) short-term drop in price. Yup. Bitcoin up 21% since he recorded that aka capitulated. Most ppl investing in cryptocurrencies are going to lose money-cypherdoc David is no exception. have you ever seen any statistics on this? id be interested to read it if you have.. Nah, it's just a catch phrase from my stock trading experience. It's true though. People are just stupid. They get chopped up, chewed up, and spit out like a piece of meat. You know, kinda like how you had to ask. |
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Almost 13k BTC short swaps.
Moon.
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Pantera Capital is out.
? Did you not read the last several pages surrounding my Pantera conspiracy theory? I'm used to only having to catch up on a page when I sleep. Looks like I missed a lot. Decent theory. I'm of the opinion that someone with deep pockets was driving down the market as well. Whenever things started looking good it got pounded instead of walls popping up to get chewed through. This means it's time to rocket as they've (whoever it may be) have probably gotten their fill. combine this with the VC's renewed strong interest and positive news coverage, plus the fact that everyone knows where we've been so a quick move upwards will grab a lot of attention and we're probably going to rocket these next couple of months and close the year at above our last peak. When people ask bitcoiners how to buy quickly now we direct them to circle and they have their first taste in minutes. This is Bitcoin. One does not sleep. |
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Can someone help me understand at what point we should expect to see a cascading short squeeze? It hasn't happened yet right? Most of the short positions on BFX are still open right?
See that little green lin? Is already starting:  |
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Pantera Capital is out.
? Did you not read the last several pages surrounding my Pantera conspiracy theory? |
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I told you, no mo selling pressure.
Pantera Capital is out.
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WTF, this guy's been on TV doing interviews about Bitcoin in the past, and now he thinks it's finished because of a moderate (in the grand scheme of things) short-term drop in price. Yup. Bitcoin up 21% since he recorded that aka capitulated. Most ppl investing in cryptocurrencies are going to lose money-cypherdoc David is no exception. |
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Blitz, why you such a conspiracy nut?
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thx, converting to mp3 to listen on my way to Hasher's United. |
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Just wow, I thought this went very well. why can't i open the *.wmv file? |
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No offense, but you're such a conspiracy nut often times.  that's a funny accusation coming from you, the original 2011 conspiracy nut. a time when i was denouncing it: The Manipulator |
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Nope. If he had the cash there, he likely would have eaten the whole wall in a couple bites. As it was it took 6 or so hours, and he got less than half of it.
Money talks. He got somebody out of bed, or flew in with a suitcase full of cash, who knows, he didn't share details - but he has in the past.
you seriously believe that? flew the cash in? got someone out of bed and got all that cash there in <6h? to Slovenia? and how well do you know this guy? there are a lot of big talkers on the interwebz. all he said is this: "Fiat arrives (finally.)" did he actually say he bought the wall? no, no. it's WAY more likely Pantera Capital, being an equity owner and close associate of the owners, would be the ones there waiting with large amounts of fiat. I don't know him at all. But I do know that he has control of a substantial stash (fact) and claims to handle substantially MORE for clients, and claims to do the fly - in when required. I have no way to prove nor disprove the claims, and no reason to disbelieve them. i won't argue with you anymore. this is all just conjecture, i'm the first to admit. and mostly for fun. i'd just ask you to weigh the likelihood of the different scenarios we've proposed. i still think the Pantera Capital buy is more "likely". even if you do disbelieve the manipulation part from June to Oct 5. |
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This is the most plausible theory I've heard to date, Cypher. But let me get this straight: you're suggesting that the 30k wall belonged to a panicking early adopter and was in fact the "desert" that Pantera was after the entire time. Correct? So, basically, they got as much cheap coins as they could hope for, fired the trolls, and are now talking the price back up (hah maybe now that you posted this they'll do the opposite and take us down one more time. Perhaps they'll scare some coins out of you next time  ) correct. given that you believe there has been a manipulator taking down prices since June. Blitz, you know me better than that. back in 2011, i was the one arguing against any manipulation back then and ever since. this is the only event in which i've invoked a manipulator mechanism. and if there has been a manipulator, Pantera is the logical entity with the strategic positioning in place to pull it off. leave tons of BTC and fiat on the exchange in preparation and simply sell down the market until the market capitulates, then buy back. rather simple, really, which is also why i like it. It could be even simpler, for example if an even larger OTC deal were being made, and that was based on the exchange price. i addressed this earlier. it's unlikely b/c of the time involved in setting up and negotiating OTC orders. it doesn't happen in <6h especially for amounts of $9-10M. wiring and banking info needs to be setup and coordinated with the BTC send. doesn't happen on Sunday nights w/o the assistance of financial personnel. also OTC participants are sophisticated buyers and are likely to be aware of exchange arbitrage. there was in fact about an $11-14 discrepancy with BFX at the time, or 4-4.5% difference. not a trivial amount that OTC traders just give up. |
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Nope. If he had the cash there, he likely would have eaten the whole wall in a couple bites. As it was it took 6 or so hours, and he got less than half of it.
Money talks. He got somebody out of bed, or flew in with a suitcase full of cash, who knows, he didn't share details - but he has in the past.
you seriously believe that? flew the cash in? got someone out of bed and got all that cash there in <6h? to Slovenia? and how well do you know this guy? there are a lot of big talkers on the interwebz. all he said is this: "Fiat arrives (finally.)" did he actually say he bought the wall? no, no. it's WAY more likely Pantera Capital, being an equity owner and close associate of the founders, would be the ones there waiting with the required large amount of fiat to take down the wall. |
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