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cbutters
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March 04, 2014, 11:20:32 PM |
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wow... chinese "wall guy" now?
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The grue lurks in the darkest places of the earth. Its favorite diet is adventurers, but its insatiable appetite is tempered by its fear of light. No grue has ever been seen by the light of day, and few have survived its fearsome jaws to tell the tale.
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seleme
Legendary
 Offline
Activity: 2772
Merit: 1028
Duelbits.com
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March 04, 2014, 11:20:39 PM |
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BTW, back to speculation...
Again, I don't have a bloody idea where is this heading.
$180 by Friday. Adam, can you confirm this? |
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porcupine87
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March 04, 2014, 11:21:28 PM |
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Where the hell is Slovenia, anyway? It's 2014 and I can't believe we don't have better exchange options yet. Shouldn't you rather ask, where the hell the UK is? Bitstamp operates in the UK! |
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GaliX
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March 04, 2014, 11:22:19 PM |
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wait. Is China north or south from Mexico? |
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nrd525
Legendary
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Activity: 1867
Merit: 1023
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March 04, 2014, 11:26:21 PM |
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shorts on bfx are pushing down hard now. that means there's gonna be a squeeze.
could you dumb that down a bit for those of us who are unfamiliar with leverage and options? seriously, bitcoin is the first time I have ever traded anything. if 'shorts' are pushing down, does the 'squeeze' mean price spikes down? or up? I really don't get this  Traders are borrowing coins on margin from Bitfinex and selling them into the market. These traders hope to buy them back cheaper in the future, return the borrowed coins, and pocket the difference. "Pushing down hard" means traders are borrowing additional coins and selling them into the market, thereby helping to push down the price. There are presently 8,116 BTC on loan to short traders at Bitfinex. These traders are paying on average 27% per year in BTC to borrow them, and at some point in time they will buy them back because they aren't theirs to keep. If the price goes up instead of down, some may chose to buy back to minimize their loss, thereby adding fuel to the rally. At this point, other short traders may be running out of margin (they now have insufficient collateral to cover their mark-to-market losses on their short position) and Bitfinex will force them to cover, squeezing people out of their positions. I'm not sure if this is true. People can borrow BTC for a very long time, especially if they are paying 27%/year and so long as they are either making money from the trading or through other activities. If they are making money from shorting they are likely to increase their positions (just like how the people going long have been increasing their positions). The people who have long positions aren't forced to close them, so why should the shorters? |
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seleme
Legendary
Offline
Activity: 2772
Merit: 1028
Duelbits.com
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March 04, 2014, 11:26:44 PM |
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Go back to school and you will know where Slovenia is. It seems it is leading country for cryptocurrency trading. Still waiting for someone else from respectful country like yours to show something better.
Some have Hitler and Bosh, some have Bush and you, but we have Bitstamp.
Anyway, the 'glitch' was just the begining.
All your bitcoins are belong to us.
According to Wikipedia, Slovenia wasn't even a country until 1991, by which time I was out of school. It was part of Yugoslavia before that, which makes sense. Bitstamp code is to computer engineering as the Yugo was to automotive engineering. I mean, seriously, how fucked and out of this world and some general knowledge, one has to be to need Wikipedia to find out about Slovenia. But gues, it's not strange since Bush was on one meeting in Slovenia back at his president time and said - "I'm so glad to finally visit Slovakia." You Americans are such fucktards sometimes  Wikipedia is a very useful tool. Like any info, if it is important you will cross check it with other sources. My maps all have USSR on them It says nothing about my formal education, it means only that I am old and don't really have any reason to study Europe. I have no idea what the current divisions in Africa are either. So? Be assured that I will learn what I need to know before I visit there, since it will probably change three more times before I get there in approximately... oh, never. Yeah, I've added this to my post: And then there is that - we don't give a shit about anything that is out of America so we don't have to know about it (unless there's oil there :p) BTW, you guys are obsessed with Russia. I got "is that Russia?" question many times when talking about two countries I live(d) in - Croatia and Bosnia. And that was pretty close after the wars there that were all over TV's around the world. Erm, I don't have idea where it is, it must be in Russia |
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KeyserSoze
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March 04, 2014, 11:26:45 PM |
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If you were as rigorous about objectivity as you are quick to jump to straw man arguments I think you'd find people treated your research as the purely academic work that you claim it to be and would, accordingly be a good deal more respectful and less personal in their rebuttals.
bingo. |
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hdbuck
Legendary
Offline
Activity: 1260
Merit: 1002
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March 04, 2014, 11:27:22 PM |
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Where the hell is Slovenia, anyway? It's 2014 and I can't believe we don't have better exchange options yet. Shouldn't you rather ask, where the hell the UK is? Bitstamp operates in the UK! the bank accounts are in slovenia  needless to say your money is safe there. |
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wetroof
Member
Offline
Activity: 75
Merit: 10
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March 04, 2014, 11:27:43 PM |
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wait. Is China north or south from Mexico? china is south of mongolia which is parallel to greenland so south. |
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Walsoraj
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March 04, 2014, 11:29:32 PM |
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wait. Is China north or south from Mexico? china is south of mongolia which is parallel to greenland so south. I'm confused now. IS CHINA IN ASIA OR NOT!?!?  |
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TERA
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March 04, 2014, 11:30:50 PM |
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There's that analyst on here who says that the waves on the chart right now are twice as long as the waves in 2013. If that's true, this might have not have been the final capitulation, but rather the 'second crash' (like the crash to 78). Then the final capitulation would start in a month from now and go to 500 or so. Then we would be trading against the real trendline and not this elevated trendline.
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pinky
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March 04, 2014, 11:33:08 PM |
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the bank accounts are in slovenia Roll Eyes needless to say your money is safe there. I can confirm it's safe, we (taxpayers) paid for recapitalization of banking sector. It's enough, for now... |
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hdbuck
Legendary
Offline
Activity: 1260
Merit: 1002
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March 04, 2014, 11:33:53 PM |
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ouch! to the moon!  |
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MAbtc
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March 04, 2014, 11:33:57 PM |
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I think we see one more push towards $700. It won't break. Then we realize some of this downside pressure...
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Davyd05
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March 04, 2014, 11:35:20 PM |
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It appears most exchanges are trying to hover at the 300 ema on the 4hrs chart TA'rs confirm it However I am still surprised at how fast the market can eat info, understand, react, and then move the fuck on understand and react can switch places depending on how panic mode effects you. |
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GaliX
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March 04, 2014, 11:39:39 PM |
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wait. Is China north or south from Mexico? china is south of mongolia which is parallel to greenland so south. I'm confused now. IS CHINA IN ASIA OR NOT!?!? I just know it's either. You can reach Asia from Mexico either going south or north. It's strange, my friend tried both ways and he can confirm this. Still don't know if you can reach China, that's why I asked. |
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JorgeStolfi
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March 04, 2014, 11:39:51 PM |
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After today's roller coaster, I am sure that no one cares to know that the Chinese Slumber Predictions for today, namely 3370 CNY for Huobi and 551 USD fo Bitstamp, were quite off the mark, by 680 CNY and 112 USD, respectively. So I will not tell you that.
You probably don't care to know either that since Huobi's clients were all in bed by 3:00 am, today is a True Slumber Point. It would be pointless to observe that, therefore, the previous trend is no longer valid. I am sure you don't remember me promising to never again deduce a trend from a single data point, so you will just ignore my doing so now and will pay no attention to my prediction that tomorrow Wednesday Mar/05 at 19:00--19:59 we will have the same soup that we had today, namely 4050 CNY at Huobi, 663 USD for Bitstamp.
EDIT: tomorrow is Wednesday not Tuesday, sorry.
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Walsoraj
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March 04, 2014, 11:40:58 PM |
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wait. Is China north or south from Mexico? china is south of mongolia which is parallel to greenland so south. I'm confused now. IS CHINA IN ASIA OR NOT!?!? I just know it's either. You can reach Asia from Mexico either going south or north. It's strange, my friend tried both ways and he can confirm this. Still don't know if you can reach China, that's why I asked. Sounds scientific. I'm sold. |
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