inca
Legendary
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Activity: 1176
Merit: 1000
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November 04, 2015, 04:56:59 PM |
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This feels A LOT like 2012 year's end / 2013 first months pre-bubble, climbing through $8, $10, $12, $26, those times we 'only' had about 200000btc in the ask side of GOX But this time we have ummmm, let me see: 8500 in Finex, and about 6000 coins left in Stamp, should be extrapolate the order of magnitude of the next bubble? Visible order book being the important point Also don't forget the 9k shorts that need to be bought back with increasing urgency the higher the price rises. Hopefully you are right though and this is a prelude to madness and mania. off topic: by the way you aren't voktar the qw player are you?
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billyjoeallen
Legendary
Offline
Activity: 1106
Merit: 1007
Hide your women
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November 04, 2015, 04:57:50 PM |
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If you could buy enough coins @ $250 to dump at $500, then you could not only double your money in one day, but you could trigger a long squeeze of all you yahoos leveraged up 20 to 1 and then double your coin take.
And if you could buy them at $25... Problem is, there are other people who would want to do the same thing so you have to bid higher than them. Which means the only useful bid is one slightly below the actual price, just enough to make a profit. And then anyone who wants actual coins will know this so they will bid higher than you. However, there's not much point bidding much higher than market unless you want a lot of coins without slippage. So in all likelihood, coins will go for close to market price to someone looking to accumulate. Yeah, but if you could manipulate the price lower the night before the auction, not only would you have no slippage, but you could get a substantial discount. Buying slightly below an artificially low price covering your short and then you effectively get coins for free. Not counting of course the risk that your manipulation fails. But in that event, you know the price is artificially high, so you could take your newly purchased coins and leverage them 20:1 short AFTER the auction and make a mint. It is mathematically impossible for the graph to go straight up. Parabolic rises end violently. I've been through enough of them to know.
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ChartBuddy
Legendary
Offline
Activity: 2226
Merit: 1779
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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November 04, 2015, 05:01:21 PM |
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inca
Legendary
Offline
Activity: 1176
Merit: 1000
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November 04, 2015, 05:03:00 PM |
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If you could buy enough coins @ $250 to dump at $500, then you could not only double your money in one day, but you could trigger a long squeeze of all you yahoos leveraged up 20 to 1 and then double your coin take.
And if you could buy them at $25... Problem is, there are other people who would want to do the same thing so you have to bid higher than them. Which means the only useful bid is one slightly below the actual price, just enough to make a profit. And then anyone who wants actual coins will know this so they will bid higher than you. However, there's not much point bidding much higher than market unless you want a lot of coins without slippage. So in all likelihood, coins will go for close to market price to someone looking to accumulate. Yeah, but if you could manipulate the price lower the night before the auction, not only would you have no slippage, but you could get a substantial discount. Buying slightly below an artificially low price covering your short and then you effectively get coins for free. Not counting of course the risk that your manipulation fails. But in that event, you know the price is artificially high, so you could take your newly purchased coins and leverage them 20:1 short AFTER the auction and make a mint. It is mathematically impossible for the graph to go straight up. Parabolic rises end violently. I've been through enough of them to know. Timing, timing, timing Billy. Unless you are imbued with luck or know the guy who drops the hammer to signal the top, the rest of us have no idea when these things start or finish. Just ask Masterluc..
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billyjoeallen
Legendary
Offline
Activity: 1106
Merit: 1007
Hide your women
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November 04, 2015, 05:03:28 PM |
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This feels A LOT like 2012 year's end / 2013 first months pre-bubble, climbing through $8, $10, $12, $26, those times we 'only' had about 200000btc in the ask side of GOX But this time we have ummmm, let me see: 8500 in Finex, and about 6000 coins left in Stamp, should be extrapolate the order of magnitude of the next bubble? Visible order book being the important point Also don't forget the 9k shorts that need to be bought back with increasing urgency the higher the price rises. Hopefully you are right though and this is a prelude to madness and mania. off topic: by the way you aren't voktar the qw player are you? and the 23 Million in USD leveraged longs? None of them are going to cover the rest of the way up? at ~ $500/BTC, that's ~46,000 bull coins on margin. only about 1/5th of them need to cover to completely cancel out the puts.
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jokerboy
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November 04, 2015, 05:05:15 PM |
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What is going on? Bitcoin price is going up and down again. Now who is manupilating the market ?
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adamstgBit
Legendary
Offline
Activity: 1904
Merit: 1037
Trusted Bitcoiner
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November 04, 2015, 05:06:27 PM |
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What is going on? Bitcoin price is going up and down again. Now who is manupilating the market ?
sorry.... almost done trolling the market. 1 min
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kromtar
Full Member
Offline
Activity: 172
Merit: 100
contracorriente
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November 04, 2015, 05:06:45 PM |
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This feels A LOT like 2012 year's end / 2013 first months pre-bubble, climbing through $8, $10, $12, $26, those times we 'only' had about 200000btc in the ask side of GOX But this time we have ummmm, let me see: 8500 in Finex, and about 6000 coins left in Stamp, should be extrapolate the order of magnitude of the next bubble? Visible order book being the important point Also don't forget the 9k shorts that need to be bought back with increasing urgency the higher the price rises. Hopefully you are right though and this is a prelude to madness and mania. off topic: by the way you aren't voktar the qw player are you? and the 23 Million in USD leveraged longs? None of them are going to cover the rest of the way up? at ~ $500/BTC, that's ~46,000 bull coins on margin. only about 1/5th of them need to cover to completely cancel out the puts. Thats 46,000 people wanting to own 1 coin each.
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yolalanda
Newbie
Offline
Activity: 56
Merit: 0
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November 04, 2015, 05:06:58 PM |
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why not the original? take a wild guess. Because you'd be forced to take a sober, unflinching look at the time you've wasted 'investing' in BTCeanie BTCabies bit-coin, and be ashamed? Idunno, you tell me
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TooDumbForBitcoin
Legendary
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Activity: 1638
Merit: 1001
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November 04, 2015, 05:07:27 PM |
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Unless you ... know the guy who ...[signals] the top, the rest of us have no idea when these things start or finish.
Today that guy is Vitalik, Inc.
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marcus_of_augustus
Legendary
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Activity: 3920
Merit: 2349
Eadem mutata resurgo
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November 04, 2015, 05:09:38 PM |
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Over at polo, people putting coin back into the ETH POT, which signals THE TOP for btc.
Boy, we'd better tell China so they can pack up and go home. yeah, how do you even pronounce etherereum in chinese? efferim?
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adamstgBit
Legendary
Offline
Activity: 1904
Merit: 1037
Trusted Bitcoiner
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November 04, 2015, 05:11:30 PM |
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Over at polo, people putting coin back into the ETH POT, which signals THE TOP for btc.
Boy, we'd better tell China so they can pack up and go home. yeah, how do you even pronounce etherereum in chinese? efferim? Shit-Coin-y-Eum
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DieJohnny
Legendary
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Activity: 1639
Merit: 1006
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November 04, 2015, 05:11:58 PM |
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Huobi ---> pushes to new high, pulls back a bit, rinse .... repeat
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marcus1986
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November 04, 2015, 05:13:08 PM |
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A cup of champagne for the expert traders in here. They all deserve it!
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adamstgBit
Legendary
Offline
Activity: 1904
Merit: 1037
Trusted Bitcoiner
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November 04, 2015, 05:13:20 PM |
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481 . we did it we stabilized bitcoin!
no wait nevermind let's try again at 900
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ImI
Legendary
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Activity: 1946
Merit: 1019
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November 04, 2015, 05:13:33 PM |
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Because you'd be forced to take a sober, unflinching look at the time you've wasted 'investing' in BTCeanie BTCabies bit-coin, and be ashamed? Idunno, you tell me maybe because we broke through 280$ and 380$ with verve and left your little funny gif looking as moronic as it always was?
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gentlemand
Legendary
Offline
Activity: 2590
Merit: 3014
Welt Am Draht
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November 04, 2015, 05:13:46 PM |
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yeah, how do you even pronounce etherereum in chinese?
efferim?
奇怪的邪惡的銀行家鏈
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yolalanda
Newbie
Offline
Activity: 56
Merit: 0
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November 04, 2015, 05:15:10 PM |
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Because you'd be forced to take a sober, unflinching look at the time you've wasted 'investing' in BTCeanie BTCabies bit-coin, and be ashamed? Idunno, you tell me maybe because we broke through 280$ and 380$ with verve and left your little funny gif looking as moronic as it always was? You just don't understand art.
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NatoshiSakamato
Newbie
Offline
Activity: 33
Merit: 0
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November 04, 2015, 05:17:09 PM |
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What kind of silly poll is this? The correction is almost completed allready ............
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adamstgBit
Legendary
Offline
Activity: 1904
Merit: 1037
Trusted Bitcoiner
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November 04, 2015, 05:18:20 PM |
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This feels A LOT like 2012 year's end / 2013 first months pre-bubble, climbing through $8, $10, $12, $26, those times we 'only' had about 200000btc in the ask side of GOX But this time we have ummmm, let me see: 8500 in Finex, and about 6000 coins left in Stamp, should be extrapolate the order of magnitude of the next bubble? Visible order book being the important point Also don't forget the 9k shorts that need to be bought back with increasing urgency the higher the price rises. Hopefully you are right though and this is a prelude to madness and mania. off topic: by the way you aren't voktar the qw player are you? Hehehe, i know no one shoud 100% trust the visible order book as an indicator to buy/sell short term, but it helps a lot for perceiving the market sentiment at medium term. Off topic: I was Voktar at Vanguard, Saga of Heores, and EverQuest 1, don't know what qw is sorry order books give alot of info, but just because everyone's buying bids are high, and price is on fire, doesn't mean buying is the thing to do.
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