adamstgBit
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Merit: 1037
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December 30, 2013, 09:32:41 PM |
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ok the china deadline is tomorrow
why is the market not reacting?
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Voodah
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December 30, 2013, 09:34:51 PM |
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What a glorious post! End. Of. Discussion.
It ended when you failed to answer a simple question. |
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dgarcia
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December 30, 2013, 09:36:15 PM |
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ok the china deadline is tomorrow
why is the market not reacting?
Tomorrow? It was the Chinese New Year, not? So, the deadline should be the 30.1.14. Or I'm wrong? |
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Ivanhoe
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December 30, 2013, 09:37:36 PM |
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ok the china deadline is tomorrow
why is the market not reacting?
Tomorrow? It was the Chinese New Year, not? So, the deadline should be the 30.1.14. Yup, it was Chinese new year, so we still have another month to go. |
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adamstgBit
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Activity: 1904
Merit: 1037
Trusted Bitcoiner
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December 30, 2013, 09:38:54 PM |
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ok the china deadline is tomorrow
why is the market not reacting?
Tomorrow? It was the Chinese New Year, not? So, the deadline should be the 30.1.14. Yup, it was Chinese new year, so we still have another month to go. oh the deadline it on the 30th of next month. shit i thought it was tomorrow |
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JimboToronto
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Merit: 4473
You're never too old to think young.
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December 30, 2013, 09:39:21 PM |
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ok the china deadline is tomorrow
why is the market not reacting?
Tomorrow? It was the Chinese New Year, not? So, the deadline should be the 30.1.14. Or I'm wrong? You are correct. |
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MAbtc
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December 30, 2013, 09:40:13 PM |
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What is this deadline for, specifically? Wasn't it just for third party payment processors to stop servicing BTC exchanges? Hasn't this already been done?
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adamstgBit
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Activity: 1904
Merit: 1037
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December 30, 2013, 09:43:45 PM |
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What is this deadline for, specifically? Wasn't it just for third party payment processors to stop servicing BTC exchanges? Hasn't this already been done?
i would expect the government to put its foot down and really stop CNY deposits of any kind to bitcoin exchanges |
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capsqrl
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December 30, 2013, 09:43:59 PM |
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Rumour time! TIL that a major US hedge fund investor will announce a significant position in #bitcoin within the next several days. Happy New Year! Source: https://twitter.com/twobitidiot/status/417769054326108160More details here: The investment firm has apparently raised even more money than SecondMarket's Bitcoin Invesment Trust. I'll repost with details and firm names once the full story is pieced together. |
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MAbtc
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December 30, 2013, 09:52:03 PM |
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Rumour time! TIL that a major US hedge fund investor will announce a significant position in #bitcoin within the next several days. Happy New Year! Source: https://twitter.com/twobitidiot/status/417769054326108160More details here: The investment firm has apparently raised even more money than SecondMarket's Bitcoin Invesment Trust. I'll repost with details and firm names once the full story is pieced together. Who is this guy? Two Bit Idiot? |
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TERA
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December 30, 2013, 09:53:14 PM |
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I thought the deadline was irrelevant as all affected parties had already reacted by now and the current payment methods are not affected.
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outofservice
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December 30, 2013, 09:54:35 PM |
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Rumour time! TIL that a major US hedge fund investor will announce a significant position in #bitcoin within the next several days. Happy New Year! Source: https://twitter.com/twobitidiot/status/417769054326108160More details here: The investment firm has apparently raised even more money than SecondMarket's Bitcoin Invesment Trust. I'll repost with details and firm names once the full story is pieced together. if someone buys a Significant amount of bitcoin all within a couple days, will that make the price dip or spike? I read in another post someone saying that it would cause the price to spike but that doesn't make sense to me. Someone buying a lot would cause the price to spike, that's logical, right? |
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adamstgBit
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Activity: 1904
Merit: 1037
Trusted Bitcoiner
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December 30, 2013, 09:57:03 PM |
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Rumour time! TIL that a major US hedge fund investor will announce a significant position in #bitcoin within the next several days. Happy New Year! Source: https://twitter.com/twobitidiot/status/417769054326108160More details here: The investment firm has apparently raised even more money than SecondMarket's Bitcoin Invesment Trust. I'll repost with details and firm names once the full story is pieced together. Who is this guy? Two Bit Idiot? obvious BS is obvious. |
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T.Stuart
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December 30, 2013, 09:57:32 PM |
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Rumour time! TIL that a major US hedge fund investor will announce a significant position in #bitcoin within the next several days. Happy New Year! Source: https://twitter.com/twobitidiot/status/417769054326108160More details here: The investment firm has apparently raised even more money than SecondMarket's Bitcoin Invesment Trust. I'll repost with details and firm names once the full story is pieced together. if someone buys a Significant amount of bitcoin all within a couple days, will that make the price dip or spike? I read in another post someone saying that it would cause the price to spike but that doesn't make sense to me. Someone buying a lot would cause the price to spike, that's logical, right? Depends if someone dumps it in their lap but usually yes - if someone really wants to buy then they will buy upwards! |
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molecular
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Merit: 1019
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December 30, 2013, 09:58:54 PM |
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I recently learned I am one-degree of separation from a great whale manipulator. Manipulation is happening. I also learned that the exchanges realize this and are cracking down on it behind the scenes (they obviously don't want to come out and discuss this openly). And besides, as the market grows, manipulation is becoming more difficult anyways.
But it's important to note that the great whales do not want bitcoin to crash to the point where it truly damages confidence. They know they cannot quickly cash out 100,000 BTC and nor do they want to because they believe that bitcoin is the future of money.
In fact, the more I think about "manipulation" and "whales" the less I see it as manipulation in the first place. What's wrong with putting up a 1,000 BTC sell wall to try to drop the price? By doing this you are risking a larger whale eating your wall in a single bite--live by the sword and die by the sword it seems.
In conclusion, the great whales--more often than not--are allies of bitcoin.
I agree. I'm not sure why "manipulation" is seen as illegitimate. Maybe I should read up on history. Can someone point me to something in history that meant trouble and triggered all the regulation we have in the "regulated" markets? In my current naive mind, I can see a "manipulation problem" only when "unfair advantages" are being played, like in the case of naked short-selling, for example. |
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ChartBuddy
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Activity: 2170
Merit: 1776
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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December 30, 2013, 10:02:31 PM |
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Odalv
Legendary
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Activity: 1400
Merit: 1000
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December 30, 2013, 10:06:24 PM |
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I recently learned I am one-degree of separation from a great whale manipulator. Manipulation is happening. I also learned that the exchanges realize this and are cracking down on it behind the scenes (they obviously don't want to come out and discuss this openly). And besides, as the market grows, manipulation is becoming more difficult anyways.
But it's important to note that the great whales do not want bitcoin to crash to the point where it truly damages confidence. They know they cannot quickly cash out 100,000 BTC and nor do they want to because they believe that bitcoin is the future of money.
In fact, the more I think about "manipulation" and "whales" the less I see it as manipulation in the first place. What's wrong with putting up a 1,000 BTC sell wall to try to drop the price? By doing this you are risking a larger whale eating your wall in a single bite--live by the sword and die by the sword it seems.
In conclusion, the great whales--more often than not--are allies of bitcoin.
I agree. I'm not sure why "manipulation" is seen as illegitimate. Maybe I should read up on history. Can someone point me to something in history that meant trouble and triggered all the regulation we have in the "regulated" markets? In my current naive mind, I can see a "manipulation problem" only when "unfair advantages" are being played, like in the case of naked short-selling, for example. biggest manipulation = regulation :-) |
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adamstgBit
Legendary
Offline
Activity: 1904
Merit: 1037
Trusted Bitcoiner
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December 30, 2013, 10:06:50 PM |
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I recently learned I am one-degree of separation from a great whale manipulator. Manipulation is happening. I also learned that the exchanges realize this and are cracking down on it behind the scenes (they obviously don't want to come out and discuss this openly). And besides, as the market grows, manipulation is becoming more difficult anyways.
But it's important to note that the great whales do not want bitcoin to crash to the point where it truly damages confidence. They know they cannot quickly cash out 100,000 BTC and nor do they want to because they believe that bitcoin is the future of money.
In fact, the more I think about "manipulation" and "whales" the less I see it as manipulation in the first place. What's wrong with putting up a 1,000 BTC sell wall to try to drop the price? By doing this you are risking a larger whale eating your wall in a single bite--live by the sword and die by the sword it seems.
In conclusion, the great whales--more often than not--are allies of bitcoin.
I agree. I'm not sure why "manipulation" is seen as illegitimate. Maybe I should read up on history. Can someone point me to something in history that meant trouble and triggered all the regulation we have in the "regulated" markets? In my current naive mind, I can see a "manipulation problem" only when "unfair advantages" are being played, like in the case of naked short-selling, for example. THIS! in that view, bitcoin is the least manipulated market of its time. it truly is a free market if only we could do away with the shitty USD legacy system, and trade Crypto for Crypto in a decentralized fashion, this market with be totally impossible to manipulate |
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virtualfaqs
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December 30, 2013, 10:15:09 PM |
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Rumour time! TIL that a major US hedge fund investor will announce a significant position in #bitcoin within the next several days. Happy New Year! Source: https://twitter.com/twobitidiot/status/417769054326108160More details here: The investment firm has apparently raised even more money than SecondMarket's Bitcoin Invesment Trust. I'll repost with details and firm names once the full story is pieced together. if someone buys a Significant amount of bitcoin all within a couple days, will that make the price dip or spike? I read in another post someone saying that it would cause the price to spike but that doesn't make sense to me. Someone buying a lot would cause the price to spike, that's logical, right? Depends if someone dumps it in their lap but usually yes - if someone really wants to buy then they will buy upwards! Depends on what significant amount is. Usually 1000 will do it. But won't raise price by much. |
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mmitech
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Activity: 1148
Merit: 1001
things you own end up owning you
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December 30, 2013, 10:18:33 PM |
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anyone trying to figure out what that tweet was about, and who is the player is going to be here is some clarification http://www.reddit.com/r/Bitcoin/comments/1sov9z/anyone_know_the_hedge_fund_entering_the_bitcoin/ I still do not understand the whole thing Edit: WTF this is 18 day old news.... sorry guys I didnt see the date, I just copied it because I was redirected there, I thought it was something new but the idiot who tweeted that is getting trashed on reddit  |
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