explorer
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Merit: 1259
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March 05, 2018, 03:02:55 AM |
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Long / shorts ratio just passed 2.0. This is the entry point to a bull market.
Doesn't that just mean its time to whale stomp all of those positions? Or wait for a still higher ratio?
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bitserve
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Activity: 1834
Merit: 1477
Self made HODLER ✓
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March 05, 2018, 03:04:59 AM |
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Just got a phone call from a contact in the mining industry. He has built a water pipeline in a third world country and has been paid several million USD equivalent in local currency. Now he wants to get his money out but is having problems due to forex controls.
He called me to see if I could find someway to sell him Bitcoin in exchange for the local currency. I might need to contact one of the OTC desks to see if they take third world shit fiat.
Why would someone build anything without making sure, in first place, he can get the money out? Or is it that something changed in that country afterwards? I am sure he will find someone to sell him the BTC.... for an astronomical premium most probably. Would love to hear more about how it all develops.
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bones261
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Activity: 1806
Merit: 1828
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March 05, 2018, 03:11:46 AM |
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Long / shorts ratio just passed 2.0. This is the entry point to a bull market.
Doesn't that just mean its time to whale stomp all of those positions? Or wait for a still higher ratio? The fastest way for a whale to do this would be to short BTC. WThis would make the ratio go back more in favor of the shorts. It takes more BTC to just dump on the open market rather than using leverage for maximum effect. Shoot, you don't even need BTC to open a leveraged short position, a whole bunch of fiat would do.
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HairyMaclairy
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Degenerate bull hatter & Bitcoin monotheist
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March 05, 2018, 03:14:40 AM |
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Is your contact also a Nigerian prince?
No he’s more of a princess than anything else. Just got a phone call from a contact in the mining industry. He has built a water pipeline in a third world country and has been paid several million USD equivalent in local currency. Now he wants to get his money out but is having problems due to forex controls.
He called me to see if I could find someway to sell him Bitcoin in exchange for the local currency. I might need to contact one of the OTC desks to see if they take third world shit fiat.
Why would someone build anything without making sure, in first place, he can get the money out? Or is it that something changed in that country afterwards? I am sure he will find someone to sell him the BTC.... for an astronomical premium most probably. Would love to hear more about how it all develops. They have gotten the money out in the past but they had to charter an airplane to do it. He seems to think Bitcoin would be safer and more convenient. I have asked some questions and will see what happens. I suspect the answer will be no one wants the shitty local currency.
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bones261
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March 05, 2018, 03:18:51 AM |
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Is your contact also a Nigerian prince?
No he’s an engineer which makes him more of princess. Be careful before going into such a deal. It could land you an unlicensed money transmitter charge. Also, you would then be stuck with the currency in question to try and offload to someone else.
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HairyMaclairy
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Degenerate bull hatter & Bitcoin monotheist
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March 05, 2018, 03:24:26 AM |
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I’m not doing the deal. At most I will link him up with an OTC desk but I seriously doubt they want the shitfiat either.
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marcus_of_augustus
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Eadem mutata resurgo
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March 05, 2018, 03:30:37 AM |
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Is your contact also a Nigerian prince?
No he’s an engineer which makes him more of princess. Be careful before going into such a deal ... Also, you would then be stuck with the currency in question ...
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bitserve
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Self made HODLER ✓
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March 05, 2018, 03:41:30 AM |
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BOOM!
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Toxic2040
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March 05, 2018, 03:42:43 AM |
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Is your contact also a Nigerian prince?
No he’s an engineer which makes him more of princess. Be careful before going into such a deal ... Also, you would then be stuck with the currency in question ... -edit- +1 WOsMerit cause Wolf. +100 WOsMerit airdrop cause Bitcoin. Aight...lets party.
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scum
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March 05, 2018, 03:46:40 AM |
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Is this the assault on the neckline of the right shoulder on the iH&S everyone has been watching?
-edit- BTW, sorry to interrupt the gun talk... lol-
Stamp spiked up to $11395. If it can get above $11400 before Monday the post weekend pump could push it above $11500. No need to get excited unless it breaks above $12k It's getting closer to $12k. Is it time to get excited yet?
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Toxic2040
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March 05, 2018, 03:53:40 AM |
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Is it time to get excited yet?
No, Goddamnit. Slow your fucking roll. Can't rush these things. They just have to happen on their own, man. Give it a bit more time, k ? Well...fine..its going to take us a bit to scrape up the 200 mio we need to get over that cowpie you dropped up ahead and over 12k...Morning ok with you? /s
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Raja_MBZ
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March 05, 2018, 03:57:39 AM |
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Time to shoot the sell walls!
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bones261
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March 05, 2018, 03:58:20 AM Last edit: March 05, 2018, 04:10:54 AM by bones261 |
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Is it time to get excited yet?
No, Goddamnit. Slow your fucking roll. Can't rush these things. They just have to happen on their own, man. Give it a bit more time, k ? https://www.youtube.com/watch?v=dbk29JZdl5A
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JayJuanGee
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Activity: 3864
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Self-Custody is a right. Say no to"Non-custodial"
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March 05, 2018, 04:14:28 AM |
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Is this the assault on the neckline of the right shoulder on the iH&S everyone has been watching?
-edit- BTW, sorry to interrupt the gun talk... lol-
Stamp spiked up to $11395. If it can get above $11400 before Monday the post weekend pump could push it above $11500. No need to get excited unless it breaks above $12k It's getting closer to $12k. Is it time to get excited yet? Going up is NOT bad news - yet, I personally think that breaking ABOVE $12k, is the reasonable start to get excited point. I am all for getting excited... I want to get excited, too.... however, too frequently guys (and gal) here in this thread are getting overly excited over small price moves up and down, and we continue to consolidate.. with seemingly $12k being the new price resistance point that we need to consider getting above.. I do like it though.. I do like the ongoing upwards price pressures... .. and getting above $11,500 from yesterday was good, and getting above $11,780 from a couple of weeks ago (2/20) will be good too... (if it happens)
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Bitcoinaire
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March 05, 2018, 04:17:14 AM |
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Damn skippy, cracked $11,600!
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cAPSLOCK
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Activity: 3794
Merit: 5197
Maybe the Mars is the future!
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March 05, 2018, 04:26:36 AM |
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Choo-choo? Carolina? Wormsign?
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scum
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March 05, 2018, 04:31:04 AM |
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Damn skippy, cracked $11,600!
Don't tell me you are suffering from premature excitation like me. The experienced members here have learned to control their excitation.
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cAPSLOCK
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Maybe the Mars is the future!
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March 05, 2018, 04:31:33 AM Merited by BobLawblaw (1) |
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Is this the assault on the neckline of the right shoulder on the iH&S everyone has been watching?
-edit- BTW, sorry to interrupt the gun talk... lol-
Stamp spiked up to $11395. If it can get above $11400 before Monday the post weekend pump could push it above $11500. No need to get excited unless it breaks above $12k It's getting closer to $12k. Is it time to get excited yet? Going up is NOT bad news - yet, I personally think that breaking ABOVE $12k, is the reasonable start to get excited point. I am all for getting excited... I want to get excited, too.... however, too frequently guys (and gal) here in this thread are getting overly excited over small price moves up and down, and we continue to consolidate.. with seemingly $12k being the new price resistance point that we need to consider getting above.. I do like it though.. I do like the ongoing upwards price pressures... .. and getting above $11,500 from yesterday was good, and getting above $11,780 from a couple of weeks ago (2/20) will be good too... (if it happens) Your 12000 number is nice and round and psychologically wondersome. But between where we are right now and your 11780 are more significant because we are doing lots of neat stuff all at once. Breaking the neckline no matter how you draw it, closing in on, an surpassing recent highs. Breaking log resistance on top of linear. Perhaps other things. And we are rolling into Monday across the world. What we want to see now is big big big volume on an upswing. Get that and it's Carolina Wormtrain, gentlemen.
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cAPSLOCK
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Activity: 3794
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Maybe the Mars is the future!
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March 05, 2018, 04:35:41 AM |
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Right now those green volume candles are smart gamblers. This is early money on a big ass bet. There's definitely no guarantee. But if you like to gamble this is a better bet right now, than anything on a roulette table.
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jojo69
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diamond-handed zealot
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March 05, 2018, 05:08:29 AM |
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meh
I would have expected violent upward action when we broke the downtrend. This break is unconvincing.
I think we are in for the chaotic establishment of a sideways channel, it's bounds as yet undetermined, but this may well be the upper.
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