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bassclef
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May 04, 2015, 04:18:25 PM |
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Looks like the bears could get quite a haircut there... I bet someone just decided to put everything on one card and start one final dump-attempt and shorted all of his holdings. Silbert stepped in at the right moment and turned the ship around. The bears are accustomed to not experiencing any resistance. This is truly gratifying!
It looked to me that lots of longs started closing at once (and maybe a few shorts opened too), thinking that GBTC wasn't going to start trading today. |
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Sitarow
Legendary
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Activity: 1792
Merit: 1047
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May 04, 2015, 04:21:29 PM |
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Chainsaw
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May 04, 2015, 04:23:02 PM |
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I now hold Bitcoin in my Roth IRA, purchased from Ameritrade. No different than buying any other stock. (OK, pink sheets, so you must use limit orders, but you get the idea.) I've waited years for this day! Can't wait to see what happens next. I miiiiight have a bit of a bullish bias here ;-) |
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ensurance982
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May 04, 2015, 04:23:50 PM |
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Looks like the bears could get quite a haircut there... I bet someone just decided to put everything on one card and start one final dump-attempt and shorted all of his holdings. Silbert stepped in at the right moment and turned the ship around. The bears are accustomed to not experiencing any resistance. This is truly gratifying!
It looked to me that lots of longs started closing at once (and maybe a few shorts opened too), thinking that GBTC wasn't going to start trading today. Well, weren't we actually ready to wait for a couple more days? What's the difference between GBTC starting to trade today or tomorrow or later this week. It's not as if we haven't missed preliminary starting dates before :/ But it's good to see it trading and even at a 50% markup, which is incredible - although just "for the lulz" probably... |
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JimboToronto
Legendary
Offline
Activity: 3990
Merit: 4460
You're never too old to think young.
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May 04, 2015, 04:23:56 PM |
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Good morning Bitcoinland.
Still around $240 I see. No appreciable dip to buy on and no rise to celebrate (yet).
Just another flat-line Monday.
Ho hum. Coffee please...
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ensurance982
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May 04, 2015, 04:28:48 PM |
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Alright, now we're back over $239, is the support line from $213 save again or is it still "destroyed? These are two support lines I'm watching at the moment, still valid? - What's your opinion:  |
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oblox
Legendary
Offline
Activity: 1442
Merit: 1018
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May 04, 2015, 04:35:12 PM |
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Someone bought 159 shares at $42
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oblox
Legendary
Offline
Activity: 1442
Merit: 1018
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May 04, 2015, 04:37:38 PM |
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And the $42s are cleared off the books with another 259 shares. $200 on the ask, lmfao.
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Alley
Legendary
Offline
Activity: 910
Merit: 1000
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May 04, 2015, 04:37:51 PM |
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What's up with the 2k btc buy wall at $240 on stamp?
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ensurance982
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May 04, 2015, 04:38:10 PM |
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Good morning Bitcoinland.
Still around $240 I see. No appreciable dip to buy on and no rise to celebrate (yet).
Just another flat-line Monday.
Ho hum. Coffee please...
Wasn't that dump at 3pm UTC quite a dump, compared to the volume over the last days. I mean, it was not catastrophic or anything, but rather remarkable at these bullish short-term sentiments. Seems it could have been a very good opportunity to buy if you believe we even reached the short-term support line. |
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bassclef
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May 04, 2015, 04:38:30 PM |
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Alright, now we're back over $239, is the support line from $213 save again or is it still "destroyed? These are two support lines I'm watching at the moment, still valid? - What's your opinion:
-snip-
Taking the uptrend into the background, you often see shakeouts right before the price continues upwards. This has the effect of pushing the price up by encouraging longs to cover and bears to open up more shorts. Now those longs won't sell into the rally (they'll have to buy back in) and the twichy bears will cover, both of which encourage it. Volume should be heavy as the market approaches any support/resistance areas, or they are not liable to break. That's more important than the exact price where one draws the line. So to answer your question, yes, it held. (edit: but it was close) |
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xyzzy099
Legendary
Offline
Activity: 1062
Merit: 1041
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May 04, 2015, 04:39:32 PM |
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It's actually not just a technicality. National Socialists really were socialists - not only in name. They apparently took the 'Nationalism' more seriously than the 'Socialism', but they were, nonetheless, actual socialists.
For example, in Hitler's Germany, all German citizens were guaranteed a job by the government. All German citizens were entitled to an education at government expense. Healthcare was not totally socialized, but was heavily subsidized by the government. Etc., etc., etc. Sounds reasonably socialist to me.
I agree with you, but on the other hand, that also makes folks like Henry Ford socialist. Back in the 20s, Ford's workers also enjoyed many of the things commonly associated with socialism: Free daycare, subsidised housing, free medical care, recreation & sports complexes, etc. And he was quite fond of the Nazis, and they were equally impressed by him - Goebbels translated Ford's antisemetic newspaper & used chunks of it in his speeches, verbatim  I guess the man who epitomises capitalist industrialism is a closet socialist  I was not implying any kind of value judgement at all - just relating historical fact. EDIT: I realized I did not answer your point. It is a fact that capitalists can practice a little socialism, socialists can practice a little capitalism, and either can be practiced to varying degrees by both good and evil men. We do not live in a binary universe. |
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ensurance982
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May 04, 2015, 04:40:54 PM |
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And the $42s are cleared off the books with another 259 shares. $200 on the ask, lmfao.
If someone really bought at those prices, everyone buying into GBTC - no matter at which time - would have made a profit. I mean, it's clear some people will just want to grab the first shares traded on the ETF, but buying at those prices is insane. They're either trying to confuse people about the value of a single share (1/10 of a BTC) or try to make a quick buck in a crazy emerging market. |
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ensurance982
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May 04, 2015, 04:42:29 PM |
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What's up with the 2k btc buy wall at $240 on stamp?
Seems like the bearwhale is back. I wouldn't be surprised if that wall gets eaten up at some point or pulled back the moment someone bought a single satoshi off of it. It seems pretty artificial and obvious that someone is trying to push the price down... |
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oblox
Legendary
Offline
Activity: 1442
Merit: 1018
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May 04, 2015, 04:45:29 PM |
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And the $42s are cleared off the books with another 259 shares. $200 on the ask, lmfao.
If someone really bought at those prices, everyone buying into GBTC - no matter at which time - would have made a profit. I mean, it's clear some people will just want to grab the first shares traded on the ETF, but buying at those prices is insane. They're either trying to confuse people about the value of a single share (1/10 of a BTC) or try to make a quick buck in a crazy emerging market. Just posting what real-time trades are happening. There is something appealing about stashing BTC in some form or another in a tax-deferred vehicle, even with a premium. |
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Fatman3001
Legendary
Offline
Activity: 1526
Merit: 1013
Make Bitcoin glow with ENIAC
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May 04, 2015, 04:46:59 PM |
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It's actually not just a technicality. National Socialists really were socialists - not only in name. They apparently took the 'Nationalism' more seriously than the 'Socialism', but they were, nonetheless, actual socialists.
For example, in Hitler's Germany, all German citizens were guaranteed a job by the government. All German citizens were entitled to an education at government expense. Healthcare was not totally socialized, but was heavily subsidized by the government. Etc., etc., etc. Sounds reasonably socialist to me.
I agree with you, but on the other hand, that also makes folks like Henry Ford socialist. Back in the 20s, Ford's workers also enjoyed many of the things commonly associated with socialism: Free daycare, subsidised housing, free medical care, recreation & sports complexes, etc. And he was quite fond of the Nazis, and they were equally impressed by him - Goebbels translated Ford's antisemetic newspaper & used chunks of it in his speeches, verbatim I guess the man who epitomises capitalist industrialism is a closet socialist I was not implying any kind of value judgement at all - just relating historical fact. screw this ignore |
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bad trader
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May 04, 2015, 04:47:59 PM |
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Alright, now we're back over $239, is the support line from $213 save again or is it still "destroyed? These are two support lines I'm watching at the moment, still valid? - What's your opinion: I'd say it's pretty valid, when it looks like this at OKCoin:  |
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gizmoh
Legendary
Offline
Activity: 1428
Merit: 1000
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May 04, 2015, 04:49:23 PM |
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What's up with the 2k btc buy wall at $240 on stamp?
Turns out to be a 2k ASK wall.. Love the shenanigans! |
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Chainsaw
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May 04, 2015, 04:49:25 PM |
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And the $42s are cleared off the books with another 259 shares. $200 on the ask, lmfao.
That's kind of funny. It inspired me to put my shares up at $133.7 http://www.otcmarkets.com/stock/GBTC/quoteOn the infinitesimal chance it sold, we'd be breaking our ATH. That's about the only way I could see myself selling these prior to 2k+ prices. |
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