madmat
Legendary
Activity: 966
Merit: 1001
|
 |
May 04, 2015, 04:01:34 PM |
|
so it's not trading yet or no one is interested in buying/selling? It's back - an ask at $44 for 298 shares. Spread is big. bid: $38, ask $44 !!!! OMG. bids ands aks are moving. Moon soon !!! |
|
|
|
|
megadeth
Sr. Member
Activity: 289
Merit: 252
bagholder since 2013
|
|
May 04, 2015, 04:02:46 PM |
|
asks being moved around by CDEL & PUMA.
Would be cool to see a trade.
|
|
|
|
|
bitebits
Legendary
Activity: 2322
Merit: 3796
Flippin' burgers since 1163.
|
|
May 04, 2015, 04:03:23 PM |
|
[...] a piece I wrote in September:
===========================================
Of course miners selling coins affects the price. If there's insufficient demand to absorb the new coin supply, then the price will fall until demand picks up. This is bitcoin's distribution system doing what it's designed to do: distribute coins to those who value them.
Bitcoin is a strategizing women that will use your lust to accomplish her goals. It's your desire for wealth that precipitates the boom, and it's your hope and envy that fuels the accompanying media frenzy, propelling us another rung up the market-cap ladder. And she knows this. She also knows that in your despair you will sell your coins to those she hasn't dated yet, as though you're burning love notes from a women who broke your heart.
She has nobler goals than to enrich you. Although some of you will score and some of you will strike out, to her you were all only useful tools. We're building a new decentralized economy that, if successful, will reshape the world in unfathomable ways. She's the foundation of this new economy--sound money where each coin was forged by the greatest physical efforts of man to strangely produce a purely-digital asset…a digital asset that can be transferred in less than a second across the world without the permission of an authority or the assistance of a third party. She is an evolution in money.
Indeed the price must grow for the experiment to succeed, but it's more important that the price be the right price to best distribute coins to those who want them. The issuance of new coins is what keeps downwards-pressure on the price, testing the faith of hodlers: "why are your coins so special if miners are finding new coins everyday?" It prevents the price from deviating too far from true demand, as ruthless miners will put to rest the ambitions of lustful. This is necessary. We're all just playing out our roles.
How will it end? I don't know. Tales of great ambition are fraught with great tragedy. Only time will tell if she'll seduce her way to the very top.
Great piece, thanks for sharing it again! |
|
|
|
|
madmat
Legendary
Activity: 966
Merit: 1001
|
|
May 04, 2015, 04:04:09 PM |
|
asks being moved around by CDEL & PUMA.
Would be cool to see a trade.
Spread is vanishing. Went from $6 to less than $0.5 |
|
|
|
|
dwdoc
Legendary
Activity: 966
Merit: 1002
- - -Caveat Aleo- - -
|
|
May 04, 2015, 04:07:30 PM |
|
GBTC just had first trade.  |
|
|
|
|
|
sleger
|
|
May 04, 2015, 04:08:01 PM |
|
asks being moved around by CDEL & PUMA.
Would be cool to see a trade.
Spread is vanishing. Went from $6 to less than $0.5 How can Citadel already have GBTC shares. I doubt they invested in the fund one year ago ? |
|
|
|
|
|
|
Fatman3001
Legendary
Activity: 1554
Merit: 1014
Make Bitcoin glow with ENIAC
|
|
May 04, 2015, 04:12:48 PM |
|
Because there is no trade. Bid/Ask don't match yet Edit: Holy Crap! I was wrong. Ding ding ding! We have a winner! |
|
|
|
|
oblox
Legendary
Activity: 1442
Merit: 1018
|
|
May 04, 2015, 04:12:55 PM |
|
Definitely some buys (300 shares) happened at $37.98, $42 ask up for bat.
|
|
|
|
|
|
soullyG
|
|
May 04, 2015, 04:13:47 PM |
|
Meanwhile, the effects of today's dump almost completely erased..
|
|
|
|
|
gentlemand
Legendary
Activity: 2604
Merit: 3090
Welt Am Draht
|
|
May 04, 2015, 04:14:00 PM |
|
A wee bit of history in the making just unfolded.
|
|
|
|
|
megadeth
Sr. Member
Activity: 289
Merit: 252
bagholder since 2013
|
|
May 04, 2015, 04:14:06 PM |
|
quotes are delayed by 15mins. Apparently some trades have gone through.
|
|
|
|
|
|
bassclef
|
|
May 04, 2015, 04:15:25 PM |
|
So, what now? Buy all the cheap coins?  |
|
|
|
|
|
ensurance982
|
|
May 04, 2015, 04:15:47 PM |
|
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!
|
|
|
|
|
LFC_Bitcoin
Diamond Hands
Legendary
Activity: 4256
Merit: 12796
|
|
May 04, 2015, 04:18:14 PM |
|
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!
+1 Stick that in your pipe & smoke it bears. |
|
|
|
|
|
bassclef
|
|
May 04, 2015, 04:18:25 PM |
|
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. |
|
|
|
|
|
|
Sitarow
Legendary
Activity: 1792
Merit: 1047
|
|
May 04, 2015, 04:21:29 PM |
|
|
|
|
|
|
|
Chainsaw
|
|
May 04, 2015, 04:23:02 PM |
|
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 ;-) |
|
|
|
|
|
ensurance982
|
|
May 04, 2015, 04:23:50 PM |
|
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... |
|
|
|
|
|
Poll
