billyjoeallen
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Hide your women
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September 03, 2015, 09:32:26 PM |
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bitfinex longs are climbing real good now .. we're not messing around anymore.. nothing can stop us now!
Buying now is risky. Buying now using leverage is insane. Barring small liquidity spikes, we're not going up until the block size thing is resolved months from now if ever. These longs have no money behind them or they wouldn't have to use leverage and pay the vig. What's worse, not nearly enough shorts to halt another flash crash when they cover. It's not looking good. sounds about right.. i don't know anything though about how shorts stop a flash crash if longs cover. however, more rumors coming from BFX is obviously not good. as long as there are strange things going on at BFX i wont be chasing the price buying into any pumps. Shortsellers stop a flash crash when they cover and take profits. It's the longs getting margin squeezed that cause the crash. (as opposed to a regular orderly market dip) |
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hdbuck
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September 03, 2015, 09:41:40 PM |
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So trolls, any good investment suggestion? Any shitcoin? Any shitasset? Or stay in cash?
lemme guesss... USGavincoin? lol noooo time to cheer for USGARZIKOINNN!!  |
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esse83
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September 03, 2015, 09:56:35 PM |
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BTC price has never seen this stability EVER - so hold on to your butts, we're in for a brutal ride one way or the other.
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ChartBuddy
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September 03, 2015, 10:02:21 PM |
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findftp
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Delusional crypto obsessionist
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September 03, 2015, 10:05:14 PM |
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BTC price has never seen this stability EVER - so hold on to your butts, we're in for a brutal ride one way or the other.
Morning doji^2 says I should buy myself some extra blockspace on the blockchain, these gigabytes are a real bargain right now. |
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billyjoeallen
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September 03, 2015, 10:40:45 PM |
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My guess is the price is stable because miners are holding off selling, hoping the price will go up, but we aren't buying as long as the cripplecoiners have an effective veto on scalability. In fact, I'm slowly selling to retail until this block size issue is resolved. I'm planning on selling into any pump until then. It's hard because I've been a bull for so long, but I'm afraid a crash is the only way to convince small blockers of the error of their business model.
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ChartBuddy
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September 03, 2015, 11:02:15 PM |
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ChartBuddy
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September 04, 2015, 12:02:23 AM |
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BlindMayorBitcorn
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September 04, 2015, 12:43:47 AM |
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Anybody ever tell you about the demon baby that lives inside you?  Control your demon baby! |
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ChartBuddy
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September 04, 2015, 01:02:09 AM |
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coinableS
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September 04, 2015, 01:46:16 AM |
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Looks like we have some movement on bitfinex. Yup, movement confirmed we have went up by $1. Hold onto your butts, we might up $1.05 before your know it  |
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ChartBuddy
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September 04, 2015, 02:02:11 AM |
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aztecminer
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September 04, 2015, 02:10:49 AM |
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Looks like we have some movement on bitfinex. Yup, movement confirmed we have went up by $1. Hold onto your butts, we might up $1.05 before your know it longs are rocketing upwards .. |
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BlindMayorBitcorn
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September 04, 2015, 02:17:01 AM
Last edit: September 05, 2015, 04:15:06 AM by BlindMayorBitcorn |
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Can't talk now..did we just go up a buck?  |
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ChartBuddy
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September 04, 2015, 03:02:15 AM |
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billyjoeallen
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Activity: 1106
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Hide your women
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September 04, 2015, 03:17:48 AM |
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Looks like we have some movement on bitfinex. Yup, movement confirmed we have went up by $1. Hold onto your butts, we might up $1.05 before your know it longs are rocketing upwards .. Dollar swaps are up over $242,000 in the last 24 hrs, meaning over 1k of the btc bought were bought on margin. So pretty much that entire pump was leveraged. Yeah, that's sustainable.  What's really interesting is that I'm now getting higher interest lending out my BTC for swaps as opposed to lending USD. That hasn't happened in a long time. BTC swaps are not going up much at all, but the interest rate is. Weird. I guess a lot of lenders either decided that 0.02% wasn't enough to make it worthwhile or they just left BFX entirely. |
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ChartBuddy
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September 04, 2015, 04:02:14 AM |
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JimboToronto
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You're never too old to think young.
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September 04, 2015, 04:08:42 AM |
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Quiet around here except for people quoting Jean the Troll (aka NLC).
Gotta admit that she's persistent.
Take your meds Jean.
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ChartBuddy
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September 04, 2015, 05:02:09 AM |
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aztecminer
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September 04, 2015, 05:33:01 AM |
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Looks like we have some movement on bitfinex. Yup, movement confirmed we have went up by $1. Hold onto your butts, we might up $1.05 before your know it longs are rocketing upwards .. Dollar swaps are up over $242,000 in the last 24 hrs, meaning over 1k of the btc bought were bought on margin. So pretty much that entire pump was leveraged. Yeah, that's sustainable. What's really interesting is that I'm now getting higher interest lending out my BTC for swaps as opposed to lending USD. That hasn't happened in a long time. BTC swaps are not going up much at all, but the interest rate is. Weird. I guess a lot of lenders either decided that 0.02% wasn't enough to make it worthwhile or they just left BFX entirely. did you here that everybody ?? we're doing the "leverage pump" ... |
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