Specular
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Activity: 180
Merit: 102
dApps Development Automation Platform
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January 07, 2015, 07:20:31 PM |
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I am proud fiat baghodler on stamp since 480 levels and I dont feel any urgency to buy all the cheap coins once stamp opens its gates.
If and when stamp opens its gates Im sure you are right there wont be a stampede (HA HA) by fiat holders like yourself to immediately buy cheap coins. Likewise all those with coin will not rush to sell, most will remove their coins to safety causing a run on their reserves. The net effect of this episode at stamp will be for all coin holders at all exchanges to leave no more on the exchange than absolutely necessary for trading. This may leave less net coins on exchanges for use in leveraged short positions, although I suspect that fractional reserve banking means the lent coins dont actually exist. My thinking is that if I was holding fiat on Stamp, I may consider buying BTC as soon as they re-open, then withdraw them to safety asap. Fiat takes a long time to withdraw, and there will likely be a huge flood of people looking to get their fiat out of stamp. A coin withdrawal may be the fastest way out for those who lost faith in Stamp. But really, who the fuck knows. We will see if they open Stamp back up in "24-48 hrs". This rally above 300 suggests that traders are expecting some buying pressure. I would FUCKING HATE MY LIFE if I was heavily leveraged short via Stamp right now (thought I must admit I never used Stamp, so I have no idea how that would look/work). I don't think stamp does leverage. I was wondering about that. Like I said, I have never used Stamp, but it is my understanding that you could short via some weird 3rd party manner. Leverage or not, I would hate to be in a short position via Stamp and be locked out of the market watching us breach 300. As an aside - what site/source do you fine gentlemen use to see the level of short positions currently open? |
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luckygenough56
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January 07, 2015, 07:21:24 PM |
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The crucial 300, suspens.
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Specular
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Activity: 180
Merit: 102
dApps Development Automation Platform
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January 07, 2015, 07:22:59 PM |
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For those wondering, this is the change that Pantera's CEO made to his profile on Pantera's website. https://panteracapital.com/about/DAN MOREHEAD CHIEF EXECUTIVE OFFICER A day ago it was DAN MOREHEAD CHIEF EXECUTIVE OFFICER & CHAIRMAN OF BITSTAMP It is funny because Pantera is both a VC firm and a Hedge Fund that is heavily long BTC. So this Stamp story is a double whammy to their reputation and to the price of their reason for being - Bitcoin. |
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Fatman3001
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Activity: 1526
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Make Bitcoin glow with ENIAC
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January 07, 2015, 07:24:31 PM |
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THIS IS SPARTA!!!
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kryptopojken
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January 07, 2015, 07:25:35 PM |
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YOU SHALL NOT PASS
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idecable
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Activity: 70
Merit: 10
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January 07, 2015, 07:26:17 PM |
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THIS IS SPARTA!!!
Sparta is back at 297. har har. I'm optimistic we'll see it reach +350 in the next two week or so. |
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Mariowot
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January 07, 2015, 07:26:56 PM |
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THIS IS SPARTA!!!
Sparta is back at 297. har har. I'm optimistic we'll see it reach +350 in the next two week or so. i hope it will  |
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luckygenough56
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Merit: 1012
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January 07, 2015, 07:27:12 PM |
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correction then sideways probably a bit, this will be interesting
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aclass
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January 07, 2015, 07:28:57 PM |
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here is the exact quote from google cache Dan Morehead
CHIEF EXECUTIVE OFFICER & CHAIRMAN, BITSTAMP
For those wondering, this is the change that Pantera's CEO made to his profile on Pantera's website. https://panteracapital.com/about/DAN MOREHEAD CHIEF EXECUTIVE OFFICER A day ago it was DAN MOREHEAD CHIEF EXECUTIVE OFFICER & CHAIRMAN OF BITSTAMP It is funny because Pantera is both a VC firm and a Hedge Fund that is heavily long BTC. So this Stamp story is a double whammy to their reputation and to the price of their reason for being - Bitcoin. |
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tarmi
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Activity: 1232
Merit: 1011
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January 07, 2015, 07:36:41 PM |
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here is the exact quote from google cache Dan Morehead
CHIEF EXECUTIVE OFFICER & CHAIRMAN, BITSTAMP
For those wondering, this is the change that Pantera's CEO made to his profile on Pantera's website. https://panteracapital.com/about/DAN MOREHEAD CHIEF EXECUTIVE OFFICER A day ago it was DAN MOREHEAD CHIEF EXECUTIVE OFFICER & CHAIRMAN OF BITSTAMP It is funny because Pantera is both a VC firm and a Hedge Fund that is heavily long BTC. So this Stamp story is a double whammy to their reputation and to the price of their reason for being - Bitcoin. yes, Nejc is the chairman of stamp. bring more bull fud.  |
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aclass
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January 07, 2015, 07:38:40 PM |
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elasticband
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Activity: 1036
Merit: 1000
Nighty Night Don't Let The Trolls Bite Nom Nom Nom
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January 07, 2015, 07:40:00 PM |
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lol at btc-e...... there are some walls to observe, much volume, very big so wow
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coinableS
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Activity: 1442
Merit: 1186
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January 07, 2015, 07:42:04 PM |
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BTC-e is the new king with stamp out of the way. Oldest and greatest BTC exchange, no ID verification, just like BTC is supposed to be.
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elasticband
Legendary
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Activity: 1036
Merit: 1000
Nighty Night Don't Let The Trolls Bite Nom Nom Nom
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January 07, 2015, 07:43:40 PM |
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lol at btc-e...... there are some walls to observe, much volume, very big so wow
Yep... unusual big volume on btc-e. somone trying to keep them down under $300 for some cheap coins  |
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oldm8
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Activity: 56
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January 07, 2015, 07:44:06 PM |
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I am proud fiat baghodler on stamp since 480 levels and I dont feel any urgency to buy all the cheap coins once stamp opens its gates.
If and when stamp opens its gates Im sure you are right there wont be a stampede (HA HA) by fiat holders like yourself to immediately buy cheap coins. Likewise all those with coin will not rush to sell, most will remove their coins to safety causing a run on their reserves. The net effect of this episode at stamp will be for all coin holders at all exchanges to leave no more on the exchange than absolutely necessary for trading. This may leave less net coins on exchanges for use in leveraged short positions, although I suspect that fractional reserve banking means the lent coins dont actually exist. My thinking is that if I was holding fiat on Stamp, I may consider buying BTC as soon as they re-open, then withdraw them to safety asap. Fiat takes a long time to withdraw, and there will likely be a huge flood of people looking to get their fiat out of stamp. A coin withdrawal may be the fastest way out for those who lost faith in Stamp. But really, who the fuck knows. We will see if they open Stamp back up in "24-48 hrs". This rally above 300 suggests that traders are expecting some buying pressure. I would FUCKING HATE MY LIFE if I was heavily leveraged short via Stamp right now (thought I must admit I never used Stamp, so I have no idea how that would look/work). Stamp is quick at processing withdrawals in Fiat if you live in Europe and use SEPA transfer you have your cash moved either way in less than 24 hours. Coin about an hour. If they do reopen my guess is they will quickly find their feet after the initial run on funds. By summer it will be remembered, as the English say, as a storm in a tea cup. I hope so as they have 3 coins of mine |
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elasticband
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Activity: 1036
Merit: 1000
Nighty Night Don't Let The Trolls Bite Nom Nom Nom
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January 07, 2015, 07:44:12 PM |
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$320 breaking tonight  |
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aclass
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January 07, 2015, 07:45:03 PM |
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Someone will sell all their coins under 300 lol at btc-e...... there are some walls to observe, much volume, very big so wow
Yep... unusual big volume on btc-e. somone trying to keep them down under $300 for some cheap coins |
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LFC_Bitcoin
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#1 VIP Crypto Casino
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January 07, 2015, 07:45:13 PM |
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elasticband
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Activity: 1036
Merit: 1000
Nighty Night Don't Let The Trolls Bite Nom Nom Nom
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January 07, 2015, 07:46:20 PM |
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Someone will sell all their coins under 300 lol at btc-e...... there are some walls to observe, much volume, very big so wow
Yep... unusual big volume on btc-e. somone trying to keep them down under $300 for some cheap coins i sold at $300 and quite a large volume and then bought back at $296-298 from who ever that was |
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