nrd525
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Activity: 1868
Merit: 1023
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June 30, 2014, 08:41:57 PM |
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So far this price increase hasn't caused Bitfinex swap rates to increase. You can still get swap for as little as 0.165%/day. This is different from the rate spikes that we commonly see.
Probably a lot of swaps closing out that were a little under water, happy to break even or make a small profit. Unlikely. Would you close a long position when it was going through the roof? I'm thinking people are going long with money that was just sitting around. A small number may have taken out loans in advance. And this is a joint effort across the markets (several minutes ago Bitstamp was consisently $1-$3 ahead of Bitfinex). Also people might be acting cautious as there isn't much real news on the auction. |
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BTCfan1
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June 30, 2014, 08:42:40 PM |
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i still can't get over how many people were thinking the coins would go for below market...  |
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nrd525
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Activity: 1868
Merit: 1023
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June 30, 2014, 08:43:43 PM |
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Bitfinex swaps up $800k in the past 12 hours. Then down $160k from the peak (so some evidence of profit taking) as of 40 minutes ago.
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MICRO
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Activity: 2464
Merit: 1037
CEO @ Stake.com and Primedice.com
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June 30, 2014, 08:43:49 PM |
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i still can't get over how many people were thinking the coins would go for below market... I was thinking exactly that  . My mistake. Looks like btc will sky rocket, and i was thinking it will crash to 500$ish . |
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windjc
Legendary
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Activity: 2156
Merit: 1070
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June 30, 2014, 08:44:14 PM |
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So far this price increase hasn't caused Bitfinex swap rates to increase. You can still get swap for as little as 0.165%/day. This is different from the rate spikes that we commonly see.
Probably a lot of swaps closing out that were a little under water, happy to break even or make a small profit. Unlikely. Would you close a long position when it was going through the roof? I'm thinking people are going long with money that was just sitting around. A small number may have taken out loans in advance. And this is a joint effort across the markets (several minutes ago Bitstamp was consisently $1-$3 ahead of Bitfinex). Also people might be acting cautious as there isn't much real news on the auction. You may be right. |
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windjc
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Activity: 2156
Merit: 1070
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June 30, 2014, 08:44:45 PM |
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i still can't get over how many people were thinking the coins would go for below market... Never underestimate the power of stupidity. |
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hd060053
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June 30, 2014, 08:55:31 PM |
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120 BTC buy on kraken
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seljo
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Activity: 1178
Merit: 1014
Hodling since 2011.®
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June 30, 2014, 08:58:36 PM |
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there is clearly an urgent need for some dinosaurs
 LOL Thank you Sir. You saved the day ! There is definitely a correlation between Bitcoin's price and the number of dinosaurs in this forum Is that a Pimposaurus? There... |
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ShroomsKit_Disgrace
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Activity: 952
Merit: 1000
Yeah! I hate ShroomsKit!
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June 30, 2014, 08:59:47 PM |
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TL; DR: We are at 650 in the beginning of July, 2014.
ALL SAID. |
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ChartBuddy
Legendary
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Activity: 2226
Merit: 1779
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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June 30, 2014, 09:00:37 PM |
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derpinheimer
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Activity: 896
Merit: 1000
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June 30, 2014, 09:02:47 PM |
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Crash O' Clock!
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windjc
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Activity: 2156
Merit: 1070
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June 30, 2014, 09:04:47 PM |
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boumalo
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Activity: 1904
Merit: 1018
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June 30, 2014, 09:09:42 PM |
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i still can't get over how many people were thinking the coins would go for below market... The result of the auction had to be positive because it showed whales were interested in Bitcoin and it was good press as well Its July? And no $10 coins? How can this be, the prophet was wrong?? Many people have been wrong on Bitcoin and many people are still wrong but we are getting there |
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BTCfan1
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June 30, 2014, 09:15:47 PM |
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645 wall gone on stamp
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keithers
Legendary
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Activity: 1456
Merit: 1001
This is the land of wolves now & you're not a wolf
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June 30, 2014, 09:21:44 PM |
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So do you guys think we are going to make it back to our home of $666? People are just itching to dig that thread again...
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criptix
Legendary
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Activity: 2464
Merit: 1145
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June 30, 2014, 09:23:00 PM |
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Again, where is 30,000 coming from? They had 48,013 BTC of bids..
So, they had 16 bids.. (48,000 for 30,000 bitcoin)
I guess what matters here is wether or not the 20M includes the obvious 18,000 that didnt win (0% chance for them to win, before results were out). I dont see why it WOULDNT include that.
So, $20,000,000/48,000 = $416.67
still, not one single bid of them got accepted. this is a pretty strong signal! |
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BTCfan1
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June 30, 2014, 09:23:49 PM |
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the next 12-24hrs are gonna be really interesting
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ChrisML
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June 30, 2014, 09:24:48 PM |
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I am not touching any long or short button the next 12 hours. lol
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GreekGeek
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June 30, 2014, 09:24:59 PM |
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So do you guys think we are going to make it back to our home of $666? People are just itching to dig that thread again...
make that ~$800 |
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shizuska
Newbie
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Activity: 41
Merit: 0
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June 30, 2014, 09:27:16 PM |
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TL; DR: We are at 650 in the beginning of July, 2014.
ALL SAID. WoW, Risto nailed it this time |
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