TakeTheSkyRoad
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May 05, 2015, 05:59:42 PM |
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Erections?
3 seconds too late.So my new pick: Extasy? MMDA? Yeah, the only stuff that could really bring bitcoin to the moon More like the only stuff that could make everyone here happy (maybe even Dr Stolfi, tough call though)
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Whoever mines the block which ends up containing your transaction will get its fee.
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inca
Legendary
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Activity: 1176
Merit: 1000
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May 05, 2015, 06:01:51 PM |
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Citadel is the bidder. On the list of bidders. They are hedgefund managers. They buy on behalf of their clients. You probably just read me wrong, no problem Believe what you want, but Citadel is not taking a long position on GBTC. How do you know?
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Norway
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May 05, 2015, 06:04:37 PM |
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Citadel is the bidder. On the list of bidders. They are hedgefund managers. They buy on behalf of their clients. You probably just read me wrong, no problem Believe what you want, but Citadel is not taking a long position on GBTC. I know that they are hedgefund managers. They manage the largest funds in the world. I also know what a hedgefund manager is. I don't understand what the problem is?
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sleger
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May 05, 2015, 06:06:31 PM |
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Citadel is the bidder. On the list of bidders. They are hedgefund managers. They buy on behalf of their clients. You probably just read me wrong, no problem Believe what you want, but Citadel is not taking a long position on GBTC. How do you know? The bid is from Citadel Securities.
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inca
Legendary
Offline
Activity: 1176
Merit: 1000
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May 05, 2015, 06:07:52 PM |
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Citadel is the bidder. On the list of bidders. They are hedgefund managers. They buy on behalf of their clients. You probably just read me wrong, no problem Believe what you want, but Citadel is not taking a long position on GBTC. How do you know? The bid is from Citadel Securities. Right. I seem to recall a story on reddit about bitcoin citadels. Makes sense.
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sleger
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May 05, 2015, 06:08:12 PM |
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Citadel is the bidder. On the list of bidders. They are hedgefund managers. They buy on behalf of their clients. You probably just read me wrong, no problem Believe what you want, but Citadel is not taking a long position on GBTC. I know that they are hedgefund managers. They manage the largest funds in the world. I also know what a hedgefund manager is. I don't understand what the problem is? No clearly you don't get it, but it is also obvious you are not an expert of this world. I believe you linked wikipedia before, so maybe read this part : http://en.wikipedia.org/wiki/Citadel_LLC#Citadel_Securities
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ssmc2
Legendary
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Activity: 2002
Merit: 1040
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May 05, 2015, 06:10:29 PM |
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Citadel is the bidder. On the list of bidders. They are hedgefund managers. They buy on behalf of their clients. You probably just read me wrong, no problem Believe what you want, but Citadel is not taking a long position on GBTC. I know that they are hedgefund managers. They manage the largest funds in the world. I also know what a hedgefund manager is. I don't understand what the problem is? No clearly you don't get it, but it is also obvious you are not an expert of this world. I believe you linked wikipedia before, so maybe read this part : http://en.wikipedia.org/wiki/Citadel_LLC#Citadel_Securities "Ben S. Bernanke, who was the United States Federal Reserve chairman for eight years, will become a senior adviser Citadel on global economic and financial issues"
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JorgeStolfi
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May 05, 2015, 06:17:30 PM |
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Why would that happen? The halving means that there will be only 1800 BTC per day to be mined rather than 3600. Many miners will have to stop mining, starting with those with smaller efficiency (hashes per dollar of electricty and other recurrent costs). It is not clear whether these miners will be small or large. My guess is that mining will become more centralized, and more China-based.
The price of bitcoin has halved 2-3 times since the ATH. In terms of mining profitability, effect of price halving and reward halving are just the same, since miners are paying bills in fiat. Therefore, a planned reward halving should not have a very dramatic effect on the hashing power (see what happened after the first halving in 2012). That is one reason why one cannot take the past halvings as precedent for what will happen in the next halving. Since it takes months to set up a large mining farm, mining is very profitable while the price is rising fast. If, at the previous halvings, miners were making more than 100% net revenue over their recurring costs, the halving of the reward still left them profitable. No wonder that there was no significant drop in the hashrate in 2011 Now, we have many miners who ordered their equipment in late 2013, counting on four-digit prices, only to see the price drop by 80% over the last 15 months. So, today the miners must not be making that kind of profits anymore. We don't know for sure, but most comments that I have seen say that, or worse. If the price does not double before the next halving, many miners will surely shut down. Also, price is expected to raise after halving due to decreased supply, which will compensate at least part of the loss of reward halving. The last halving was on 2012-11-28. The price did not register any change, and remained flat for nearly a month at ~12 $/BTC, until the next bubble started (on 2013-01-06) that took the price to a peak of 226 USD/BTC. In fact, the price was rising until 2012-11-28, and stopped rising then.) There is no evidence that the early 2013 bubble was due to the halving; on the contrary, there are several hints that t was actually due to adoption in China through BTC-China. Since conditions are so different, the next halving may cause an price increase; but it may also have been "priced in", as they say, and have no effect at all. Thanks, I will check.
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Norway
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May 05, 2015, 06:18:50 PM |
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Citadel is the bidder. On the list of bidders. They are hedgefund managers. They buy on behalf of their clients. You probably just read me wrong, no problem Believe what you want, but Citadel is not taking a long position on GBTC. I know that they are hedgefund managers. They manage the largest funds in the world. I also know what a hedgefund manager is. I don't understand what the problem is? No clearly you don't get it, but it is also obvious you are not an expert of this world. I believe you linked wikipedia before, so maybe read this part : http://en.wikipedia.org/wiki/Citadel_LLC#Citadel_SecuritiesI never claimed to be an expert of this world, nobody are. But I actually read that part (same wiki page that I linked to) before you posted this link. Citadel LLC is a large organisation. Naturally, they have different business segments. I'm not going to discuss this anymore unless you come up with a valid point. I'm not here for a troll fight.
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sleger
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May 05, 2015, 06:28:41 PM |
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I never claimed to be an expert of this world, nobody are. But I actually read that part (same wiki page that I linked to) before you posted this link. Citadel LLC is a large organisation. Naturally, they have different business segments. I'm not going to discuss this anymore unless you come up with a valid point. I'm not here for a troll fight.
Well, I have, because I know this domain very well and the fact that it is Citadel Securities, mean it is not the hedge fund business. You can choose to believe me or not of course
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Norway
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May 05, 2015, 06:31:41 PM |
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I never claimed to be an expert of this world, nobody are. But I actually read that part (same wiki page that I linked to) before you posted this link. Citadel LLC is a large organisation. Naturally, they have different business segments. I'm not going to discuss this anymore unless you come up with a valid point. I'm not here for a troll fight.
Well, I have, because I know this domain very well and the fact that it is Citadel Securities, mean it is not the hedge fund business. You can choose to believe me or not of course What is your point?
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Fatman3001
Legendary
Offline
Activity: 1526
Merit: 1013
Make Bitcoin glow with ENIAC
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May 05, 2015, 06:38:28 PM |
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I never claimed to be an expert of this world, nobody are. But I actually read that part (same wiki page that I linked to) before you posted this link. Citadel LLC is a large organisation. Naturally, they have different business segments. I'm not going to discuss this anymore unless you come up with a valid point. I'm not here for a troll fight.
Well, I have, because I know this domain very well and the fact that it is Citadel Securities, mean it is not the hedge fund business. You can choose to believe me or not of course What is your point? This: That is incorrect, Citadel here is acting as a broker, they are not the one buying, they are executing orders on behalf of someone else (like Ameritrade, eTrade etc...)
They are not buying for their hedge fund, someone simply traded on their trading platform.
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Norway
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May 05, 2015, 06:46:41 PM |
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I never claimed to be an expert of this world, nobody are. But I actually read that part (same wiki page that I linked to) before you posted this link. Citadel LLC is a large organisation. Naturally, they have different business segments. I'm not going to discuss this anymore unless you come up with a valid point. I'm not here for a troll fight.
Well, I have, because I know this domain very well and the fact that it is Citadel Securities, mean it is not the hedge fund business. You can choose to believe me or not of course What is your point? This: That is incorrect, Citadel here is acting as a broker, they are not the one buying, they are executing orders on behalf of someone else (like Ameritrade, eTrade etc...)
They are not buying for their hedge fund, someone simply traded on their trading platform. My point was (1 million posts ago, lol) that Citadel Securities brings great liquidity to GBTC, while the ask side has max 150.000 bitcoin in matured funds. From Wikipedia: "Citadel Securities ... execute one out of every four retail trades at the NYSE and NASDAQ."
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Fatman3001
Legendary
Offline
Activity: 1526
Merit: 1013
Make Bitcoin glow with ENIAC
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May 05, 2015, 06:49:00 PM |
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I never claimed to be an expert of this world, nobody are. But I actually read that part (same wiki page that I linked to) before you posted this link. Citadel LLC is a large organisation. Naturally, they have different business segments. I'm not going to discuss this anymore unless you come up with a valid point. I'm not here for a troll fight.
Well, I have, because I know this domain very well and the fact that it is Citadel Securities, mean it is not the hedge fund business. You can choose to believe me or not of course What is your point? This: That is incorrect, Citadel here is acting as a broker, they are not the one buying, they are executing orders on behalf of someone else (like Ameritrade, eTrade etc...)
They are not buying for their hedge fund, someone simply traded on their trading platform. My point was (1 million posts ago, lol) that Citadel Securities brings great liquidity to GBTC, while the ask side has max 150.000 bitcoin in matured funds. From Wikipedia: "Citadel Securities ... execute one out of every four retail trades at the NYSE and NASDAQ." You seemed to be shouting past each other, rather than at each other so I thought I'd add to the mess.
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sleger
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May 05, 2015, 06:50:19 PM |
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I never claimed to be an expert of this world, nobody are. But I actually read that part (same wiki page that I linked to) before you posted this link. Citadel LLC is a large organisation. Naturally, they have different business segments. I'm not going to discuss this anymore unless you come up with a valid point. I'm not here for a troll fight.
Well, I have, because I know this domain very well and the fact that it is Citadel Securities, mean it is not the hedge fund business. You can choose to believe me or not of course What is your point? This: That is incorrect, Citadel here is acting as a broker, they are not the one buying, they are executing orders on behalf of someone else (like Ameritrade, eTrade etc...)
They are not buying for their hedge fund, someone simply traded on their trading platform. My point was (1 million posts ago, lol) that Citadel Securities brings great liquidity to GBTC, while the ask side has max 150.000 bitcoin in matured funds. From Wikipedia: "Citadel Securities ... execute one out of every four retail trades at the NYSE and NASDAQ." But you also said (in bold) : My mind is boggled. That's about $25,000... so it meets the minimum bid requirements for the BIT. You can immediately arbitrage that if you re-buy the BIT. *argh*! This is just playing / probing to these guys. Let's take a look at one of the bidders, Citadel. From Wikipedia: "Citadel is the eleventh largest hedge fund manager in the world, and the second largest multi-strategy hedge fund manager in the world."But keep in mind that the total volume of matured GBTC stocks is less than 150,000 bitcoin. Not much in the big picture. which was very very misleading, as someone else pointed out...
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Norway
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May 05, 2015, 06:52:41 PM |
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I never claimed to be an expert of this world, nobody are. But I actually read that part (same wiki page that I linked to) before you posted this link. Citadel LLC is a large organisation. Naturally, they have different business segments. I'm not going to discuss this anymore unless you come up with a valid point. I'm not here for a troll fight.
Well, I have, because I know this domain very well and the fact that it is Citadel Securities, mean it is not the hedge fund business. You can choose to believe me or not of course What is your point? This: That is incorrect, Citadel here is acting as a broker, they are not the one buying, they are executing orders on behalf of someone else (like Ameritrade, eTrade etc...)
They are not buying for their hedge fund, someone simply traded on their trading platform. My point was (1 million posts ago, lol) that Citadel Securities brings great liquidity to GBTC, while the ask side has max 150.000 bitcoin in matured funds. From Wikipedia: "Citadel Securities ... execute one out of every four retail trades at the NYSE and NASDAQ." You seemed to be shouting past each other, rather than at each other so I thought I'd add to the mess. He he, yes. Thanks for cleaning up
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ChartBuddy
Legendary
Offline
Activity: 2170
Merit: 1776
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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May 05, 2015, 06:58:01 PM |
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adamstgBit
Legendary
Offline
Activity: 1904
Merit: 1037
Trusted Bitcoiner
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May 05, 2015, 07:07:52 PM |
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I was just thinking... like, if everyone in the world wanted to have just one Bitcoin, how much would my bitcoin be worth?
if everyone in the world wanted just one bitcoin, how many would you want?
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Fatman3001
Legendary
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Activity: 1526
Merit: 1013
Make Bitcoin glow with ENIAC
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May 05, 2015, 07:09:06 PM |
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I was just thinking... like, if everyone in the world wanted to have just one Bitcoin, how much would my bitcoin be worth?
Let me test the magic word first: Banned Edit: Nothing happened, maybe he's ok Edit: Fuck, too soon
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JimboToronto
Legendary
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Activity: 4004
Merit: 4482
You're never too old to think young.
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May 05, 2015, 07:20:07 PM |
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I was just thinking... like, if everyone in the world wanted to have just one Bitcoin, how much would my bitcoin be worth?
if everyone in the world wanted just one bitcoin, how many would you want? Well look who dropped in. Hi Adam. Is this a sign?
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