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phoenix1
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May 16, 2015, 01:29:19 PM |
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I doubt KNC has enough coins if only small % of the money, which is used for hedging gets into. Also question is if KNC will offload their holdings at those prices.
What money you are referring to here ? <confused> Investors in stocks, etfs... are used to hedge? They want to have wide portfolio and shares from XBT Provider can get part of this. Not saying there will be rush into, just speculating  Oh ... that money  Peronally I would have called it diversification rather than hedging but that's kinda splitting hairs |
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YourMother
Legendary
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Activity: 1281
Merit: 1046
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May 16, 2015, 01:30:10 PM |
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No pump before the Sweden's Nasdaq addition of BTC Damn, i wouldn't wanna be a leveraged bull right now. It's comin'...  |
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Stevenirving
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May 16, 2015, 01:38:53 PM |
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The anticipation on what is happening tomorrow should give some pump today.
I believe we will get to ~241 on that speculation alone.
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Ezmoneyezlife
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May 16, 2015, 01:44:14 PM |
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No pump before the Sweden's Nasdaq addition of BTC Damn, i wouldn't wanna be a leveraged bull right now. It's comin'... Who cares about some tiny exchange in a tiny country? Only ETF and stock markets collapse may create another bubble for btc but before that USMS has 40k btc waiting to be sold before the end of june as they promised, so sub 200$ is coming pretty soon. |
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ChartBuddy
Legendary
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Activity: 2226
Merit: 1779
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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May 16, 2015, 01:57:47 PM |
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HI-TEC99
Legendary
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Activity: 2772
Merit: 2846
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May 16, 2015, 02:07:32 PM |
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No pump before the Sweden's Nasdaq addition of BTC
Damn, i wouldn't wanna be a leveraged bull right now. It's comin'...
Who cares about some tiny exchange in a tiny country? Only ETF and stock markets collapse may create another bubble for btc but before that USMS has 40k btc waiting to be sold before the end of june as they promised, so sub 200$ is coming pretty soon. Can you post a link to where they said they would hold another auction before the end of June? Are there also upcoming auctions in other countries like Australia? I remember the Australian government seized a lot of Bitcoins, but I cannot remember what they said they intended to do with them. They were discussing dumping them on the open market, although I'm not sure what they finally decided. |
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joghsephre
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Activity: 2
Merit: 0
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May 16, 2015, 02:08:33 PM
Last edit: May 16, 2015, 02:18:56 PM by joghsephre |
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No pump before the Sweden's Nasdaq addition of BTC
Damn, i wouldn't wanna be a leveraged bull right now. It's comin'...
meaningless pic
Who cares about some tiny exchange in a tiny country? Only ETF and stock markets collapse may create another bubble for btc but before that USMS has 40k btc waiting to be sold before the end of june as they promised, so sub 200$ is coming pretty soon. Indeed, Sweden ETN (KNCminer) is same as the DigitalBTC (Australian bitcoin mining company Digital CC Limited) trading in Australian Securities Exchange, they are all just penny stocks like GBTC trying to dump as more ways as possible to cut losses, read this: DigitalBTC Stock Falls to 20-Month Low as Bitcoin Price Plunge Hurting Earnings http://www.financemagnates.com/cryptocurrency/news/digitalbtc-stock-falls-to-20-month-low-as-bitcoin-price-plunge-hurting-earnings/DigitalBTC Selloff Prompts Questions from Australian Securities Exchange https://www.coindesk.com/digitalbtc-selloff-prompts-questions-australian-stock-exchange/Sub 200$ it is. Beside USMS 40k and AU government 24.5k, don't forget there are also millions of bitcoins stolen from Mtgox,Evolution dark market,firedcat ASICMINER & AMHASH, everyday IPOs etc are all waiting to sell. So may be sub 100$? |
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ssmc2
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Activity: 2002
Merit: 1040
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May 16, 2015, 02:10:05 PM |
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Yeah, the USMS auction will cause a price drop just like all the previous ones right?  |
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Fiat_Hodler
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May 16, 2015, 02:33:55 PM |
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Yeah, the USMS auction will cause a price drop just like all the previous ones right? doubt it because it will be the last one. |
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dropt
Legendary
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Activity: 1512
Merit: 1000
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May 16, 2015, 02:44:15 PM |
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Any ideas if this will give us a decent pump?
Given that this is backed by KnC, I would imagine that the demand will initially be met with their own mined coins. TBH this look to me simply like an alternative route for them to sell those coins, or rather fee-incurring paper proxies of them. Quite a smart move really, particularly for them If there is genuine decent demand for the product going forward, clearly that would be bullish and would necessitate buying more coins on exchange. But the news is already out there and should be more or less priced in so I am expecting very little impact from it, unless it is an overwhelming instant success or another damp squib. TBH, I'm leaning towards the latter ... I doubt KNC has enough coins if only small % of the money, which is used for hedging gets into. Also question is if KNC will offload their holdings at those prices. What holdings? Sam Cole was very explicit that they sell all mined coins every day. |
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sAt0sHiFanClub
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May 16, 2015, 02:49:17 PM |
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You really need to deal with your Messiah fixation. This Swedish play is just a small scale variation on the GBTC wheeze - novel ways for those already invested in bitcoins to try and recover some of their losses by dreaming up convoluted 'financial instruments' ( derivatives) to attract next generation suckers. All the time you are ignoring the fact that bitcoin as a means of value exchange - its raison d'ettre - is not succeeding as it needs to. Unless you address that shortcoming, all these etf's and \wall street' ploys are just so much lipstick on a pig. They certainly wont make you rich. |
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sAt0sHiFanClub
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May 16, 2015, 02:57:18 PM |
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Shares (ASX:DCC) have fallen from $0.014 (AUD) apiece to $0.091 in the past four days of trade From above article. I dont think I will be subscribing to 'Finance Magnate" any time soon.... According to This things are looking good, no? Or am i misreading? (Im trying to watch the rugby, in fairness) |
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ChartBuddy
Legendary
Offline
Activity: 2226
Merit: 1779
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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May 16, 2015, 02:57:45 PM |
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Ezmoneyezlife
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May 16, 2015, 03:06:19 PM |
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No pump before the Sweden's Nasdaq addition of BTC
Damn, i wouldn't wanna be a leveraged bull right now. It's comin'...
Who cares about some tiny exchange in a tiny country? Only ETF and stock markets collapse may create another bubble for btc but before that USMS has 40k btc waiting to be sold before the end of june as they promised, so sub 200$ is coming pretty soon. Can you post a link to where they said they would hold another auction before the end of June? Are there also upcoming auctions in other countries like Australia? I remember the Australian government seized a lot of Bitcoins, but I cannot remember what they said they intended to do with them. They were discussing dumping them on the open market, although I'm not sure what they finally decided. "In the coming months, the USMS is expected to sell 94,336 BTC, worth $17.5m at press time, as it liquidates the remainder of the bitcoins previously held by Ulbricht, who only yesterday admitted to founding Silk Road as an “economic experiment”." ~50.000 has been sold at the last auction in March. |
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Ezmoneyezlife
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May 16, 2015, 03:10:21 PM |
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No pump before the Sweden's Nasdaq addition of BTC
Damn, i wouldn't wanna be a leveraged bull right now. It's comin'...
meaningless pic
Who cares about some tiny exchange in a tiny country? Only ETF and stock markets collapse may create another bubble for btc but before that USMS has 40k btc waiting to be sold before the end of june as they promised, so sub 200$ is coming pretty soon. Indeed, Sweden ETN (KNCminer) is same as the DigitalBTC (Australian bitcoin mining company Digital CC Limited) trading in Australian Securities Exchange, they are all just penny stocks like GBTC trying to dump as more ways as possible to cut losses, read this: DigitalBTC Stock Falls to 20-Month Low as Bitcoin Price Plunge Hurting Earnings http://www.financemagnates.com/cryptocurrency/news/digitalbtc-stock-falls-to-20-month-low-as-bitcoin-price-plunge-hurting-earnings/DigitalBTC Selloff Prompts Questions from Australian Securities Exchange https://www.coindesk.com/digitalbtc-selloff-prompts-questions-australian-stock-exchange/Sub 200$ it is. Beside USMS 40k and AU government 24.5k, don't forget there are also millions of bitcoins stolen from Mtgox,Evolution dark market,firedcat ASICMINER & AMHASH, everyday IPOs etc are all waiting to sell. So may be sub 100$? I dont think market makers will allow price to fall below 100$ but 100-130$ is the obvious target due to long term ultrasolid support. Only a blind steer cannot see what kind of squeeze is coming from market makers:  |
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ChartBuddy
Legendary
Offline
Activity: 2226
Merit: 1779
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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May 16, 2015, 03:57:45 PM |
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lemmyK
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May 16, 2015, 04:43:57 PM |
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analyze these charts is like divination of crystal balls. almost 13,000 posts in a debate while the discussants No unique man did not show up here as brilliant. Forecast or profit.... but I am optimistic for the elect |
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ChartBuddy
Legendary
Offline
Activity: 2226
Merit: 1779
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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May 16, 2015, 04:57:46 PM |
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inca
Legendary
Offline
Activity: 1176
Merit: 1000
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May 16, 2015, 05:51:03 PM |
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No pump before the Sweden's Nasdaq addition of BTC
Damn, i wouldn't wanna be a leveraged bull right now. It's comin'...
Who cares about some tiny exchange in a tiny country? Only ETF and stock markets collapse may create another bubble for btc but before that USMS has 40k btc waiting to be sold before the end of june as they promised, so sub 200$ is coming pretty soon. Can you post a link to where they said they would hold another auction before the end of June? Are there also upcoming auctions in other countries like Australia? I remember the Australian government seized a lot of Bitcoins, but I cannot remember what they said they intended to do with them. They were discussing dumping them on the open market, although I'm not sure what they finally decided. "In the coming months, the USMS is expected to sell 94,336 BTC, worth $17.5m at press time, as it liquidates the remainder of the bitcoins previously held by Ulbricht, who only yesterday admitted to founding Silk Road as an “economic experiment”." ~50.000 has been sold at the last auction in March. 50k from the last auction made no difference to the price. Why would the last 44k? Bears have basically run out of arguments for the continuation of the down trend except line on a chart points down technicals. They are entirely relying on the appearance of a big seller to push the price down. Not a great fundamental argument for bitcoin crashing to new lows. Meanwhile the money keeps rolling into the space and the financial markets will soon be linked to bitcoin via a variety of regulated products. Keep up the FUD. Whilst transparent it is amusing watching you chase pennies in front of the steamroller. |
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ChartBuddy
Legendary
Offline
Activity: 2226
Merit: 1779
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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May 16, 2015, 05:58:49 PM |
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Poll
