European Central Bank
Legendary
Offline
Activity: 1288
Merit: 1087
|
|
May 30, 2016, 10:24:01 PM |
|
This is not good for Bitstamp. They're desperately trying to make money by expanding their business but they should stick to bitcoin only.
I wonder if their new regulations cover them for that stuff. Maybe so but there might be a whole new bunch of rules to follow.
|
|
|
|
|
|
|
|
|
It is a common myth that Bitcoin is ruled by a majority of miners. This is not true. Bitcoin miners "vote" on the ordering of transactions, but that's all they do. They can't vote to change the network rules.
|
|
|
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
|
|
|
DaRude
Legendary
Offline
Activity: 2784
Merit: 1813
In order to dump coins one must have coins
|
|
May 30, 2016, 10:30:31 PM |
|
This is not good for Bitstamp. They're desperately trying to make money by expanding their business but they should stick to bitcoin only. Trading EUR/USD during weekend days and holidays is a recipe for disaster. They will have nobody to unload/hedge their positions during that time. EUR/USD pair is quite stable now but this was not always the case, nor it'll be in the future. Sometime gaps between Fridays and Mondays are so big that even a middle size broker can easily be bankrupted in a single day.
Huh i'm not following. They're only letting users trade between each other to set the rate. They're not pegging the rate over the weekend. I don't see the fx risk exposure that needs to be hedged here
|
|
|
|
Assmaster2000
Member
Offline
Activity: 84
Merit: 10
|
|
May 30, 2016, 10:34:11 PM |
|
They're only letting users trade between each other to set the rate.
Just when an interesting debate was getting started. Way to go and ruin it for everyone
|
|
|
|
Fakhoury
Legendary
Offline
Activity: 1386
Merit: 1027
Permabull Bitcoin Investor
|
|
May 30, 2016, 10:37:21 PM |
|
|
|
|
|
becoin
Legendary
Offline
Activity: 3431
Merit: 1233
|
|
May 30, 2016, 11:00:56 PM |
|
This is not good for Bitstamp. They're desperately trying to make money by expanding their business but they should stick to bitcoin only. Trading EUR/USD during weekend days and holidays is a recipe for disaster. They will have nobody to unload/hedge their positions during that time. EUR/USD pair is quite stable now but this was not always the case, nor it'll be in the future. Sometime gaps between Fridays and Mondays are so big that even a middle size broker can easily be bankrupted in a single day.
Huh i'm not following. They're only letting users trade between each other to set the rate. They're not pegging the rate over the weekend. I don't see the fx risk exposure that needs to be hedged here If they really and strictly are letting users trade between each other to set the rate then I'm not following them. If you trade BTC/EUR and BTC/USD then you effectively trade EUR/USD as well. Why would you deliberately introduce EUR/USD if you're not tempted to take advantage of some arbitrage 'opportunity'? With the opportunity, however, comes the risk especially if you don't know what is the EUR/USD exchange rate.
|
|
|
|
DaRude
Legendary
Offline
Activity: 2784
Merit: 1813
In order to dump coins one must have coins
|
|
May 30, 2016, 11:17:55 PM |
|
This is not good for Bitstamp. They're desperately trying to make money by expanding their business but they should stick to bitcoin only. Trading EUR/USD during weekend days and holidays is a recipe for disaster. They will have nobody to unload/hedge their positions during that time. EUR/USD pair is quite stable now but this was not always the case, nor it'll be in the future. Sometime gaps between Fridays and Mondays are so big that even a middle size broker can easily be bankrupted in a single day.
Huh i'm not following. They're only letting users trade between each other to set the rate. They're not pegging the rate over the weekend. I don't see the fx risk exposure that needs to be hedged here If they really and strictly are letting users trade between each other to set the rate then I'm not following them. If you trade BTC/EUR and BTC/USD then you effectively trade EUR/USD as well. Why would you deliberately introduce EUR/USD if you're not tempted to take advantage of some arbitrage 'opportunity'? With the opportunity, however, comes the risk especially if you don't know what is the EUR/USD exchange rate. I believe they process SWIFT deposits in EUR faster and cheaper than wires in USD, and there seem to be a disconnect between BTC/EUR and BTC/USD pairs. You're right it's effectively USD/BTC BTC/EUR conversion just cuts out one step and exchange fees for arbs to be more effective. btc-e had eur/usd pair for a while now
|
|
|
|
r0ach
Legendary
Offline
Activity: 1260
Merit: 1000
|
|
May 30, 2016, 11:25:41 PM |
|
Gold is bout to dump below $1200 while BTC goes up heh.
|
|
|
|
Assmaster2000
Member
Offline
Activity: 84
Merit: 10
|
|
May 30, 2016, 11:36:21 PM |
|
Cheer up, gentlemen. P.S. If you think this is a joke, read link.
|
|
|
|
bitcoin carpenter
Legendary
Offline
Activity: 1582
Merit: 1001
|
|
May 31, 2016, 12:02:59 AM |
|
BTC tear, been since 2013 that i was so on the edge if my seat.
|
|
|
|
savetherainforest
|
|
May 31, 2016, 01:06:21 AM |
|
Hello! I'm new here ... But I have been watching you all from the shadows for the past 200 pages or so... ( oh boy .. that was creepy... ) I read the forum while eating popcorn, drinking "bear" and trading the bitcoin all day long! ... And I came here for the bear fights and rocket pictures!!! I <3 rocket pics!
|
|
|
|
arklan
Legendary
Offline
Activity: 1778
Merit: 1008
|
|
May 31, 2016, 01:10:08 AM |
|
what the hell caused the climb out of the 400's? i'm so out of touch it's ridiculous...
|
|
|
|
JayJuanGee
Legendary
Online
Activity: 3710
Merit: 10214
Self-Custody is a right. Say no to"Non-custodial"
|
|
May 31, 2016, 01:20:48 AM |
|
what the hell caused the climb out of the 400's? i'm so out of touch it's ridiculous...
Demand was greater than supply.
|
|
|
|
mymenace
Legendary
Offline
Activity: 1596
Merit: 1061
Smile
|
|
May 31, 2016, 01:23:25 AM |
|
|
|
|
|
USB-S
Sr. Member
Offline
Activity: 574
Merit: 250
In XEM we trust
|
|
May 31, 2016, 01:29:33 AM |
|
You forgot to put a link to your private key after my BTC
|
|
|
|
mymenace
Legendary
Offline
Activity: 1596
Merit: 1061
Smile
|
|
May 31, 2016, 01:31:08 AM |
|
You forgot to put a link to your private key after my BTC
here ya go ,.=ctE55ttt553tzs., ,,c5;z==!!:::: .::7:==it3>., ,xC;z!:::::: ::::::::::::!=c33x, ,czz!::::: ::;;..===:..::: ::::!ct3. ,C;/.:: : ;=c!:::::::::::::::.. !tt3. /z/.: :;z!:::::J :E3. E:::::::.. !ct3. ,E;F ::;t::::::::J :E3. E::. ::. \ttL ;E7. :c::::F****** **. *==c;.. ::Jttk .EJ. ;::::::L "\:. ::. Jttl [:. :::::::::773. JE773zs. I:. ::::. It3L ;:[ L:::::::::::L |t::!::J |:::::::: :Et3 [:L !::::::::::::L |t::;z2F .Et:::.:::. ::[13 E:. !::::::::::::L =Et::::::::! ::|13 E:. (::::::::::::L ....... \:::::::! ::|i3 [:L !:::: ::L |3t::::!3. ]::::::. ::[13 !:( .::::: ::L |t::::::3L |:::::; : :::EE3 E3. :::::::::;z5. Jz;;;z=F. :E:::::.: :::II3[ Jt1. :::::::[ ;z5::::;.:: ::;3t3 \z1.::::::::::l...... .. ;.=ct5::::::/.:::: ;Et3L \t3.:::::::::::::::J :E3. Et::::::::;!:::::;5E3L "cz\.:::::::::::::J E3. E:::::::z! ;Zz37` \z3. ::;:::::::::::::::;=' ./355F \z3x. ::~=======' ,c253F "tz3=. ..c5t32^ "=zz3==... ...=t3z13P^ `*=zjzczIIII3zzztE3>*^`
|
|
|
|
DaRude
Legendary
Offline
Activity: 2784
Merit: 1813
In order to dump coins one must have coins
|
|
May 31, 2016, 01:39:32 AM |
|
what the hell caused the climb out of the 400's? i'm so out of touch it's ridiculous...
Demand was greater than supply. And supply is about to get cut in half
|
|
|
|
arklan
Legendary
Offline
Activity: 1778
Merit: 1008
|
|
May 31, 2016, 01:42:46 AM |
|
what the hell caused the climb out of the 400's? i'm so out of touch it's ridiculous...
Demand was greater than supply. And supply is about to get cut in half while i get that, at a basic level, that's always the cause, usually there's something else going on that caused the demand to spike. some announcement or something. was it really nothing specific this time? ...trippy. i figured we'd be stable until the halving cause of all the "consensus" bull. but then, as i said, i'm way out of touch. then again, as i look at it, halving is only about 40 days away. that's enough, i suppose.
|
|
|
|
Assmaster2000
Member
Offline
Activity: 84
Merit: 10
|
|
May 31, 2016, 01:46:12 AM |
|
|
|
|
|
USB-S
Sr. Member
Offline
Activity: 574
Merit: 250
In XEM we trust
|
|
May 31, 2016, 01:51:45 AM Last edit: May 31, 2016, 02:27:25 AM by USB-S |
|
You forgot to put a link to your private key after my BTC
here ya go ,.=ctE55ttt553tzs., ,,c5;z==!!:::: .::7:==it3>., ,xC;z!:::::: ::::::::::::!=c33x, ,czz!::::: ::;;..===:..::: ::::!ct3. ,C;/.:: : ;=c!:::::::::::::::.. !tt3. /z/.: :;z!:::::J :E3. E:::::::.. !ct3. ,E;F ::;t::::::::J :E3. E::. ::. \ttL ;E7. :c::::F****** **. *==c;.. ::Jttk .EJ. ;::::::L "\:. ::. Jttl [:. :::::::::773. JE773zs. I:. ::::. It3L ;:[ L:::::::::::L |t::!::J |:::::::: :Et3 [:L !::::::::::::L |t::;z2F .Et:::.:::. ::[13 E:. !::::::::::::L =Et::::::::! ::|13 E:. (::::::::::::L ....... \:::::::! ::|i3 [:L !:::: ::L |3t::::!3. ]::::::. ::[13 !:( .::::: ::L |t::::::3L |:::::; : :::EE3 E3. :::::::::;z5. Jz;;;z=F. :E:::::.: :::II3[ Jt1. :::::::[ ;z5::::;.:: ::;3t3 \z1.::::::::::l...... .. ;.=ct5::::::/.:::: ;Et3L \t3.:::::::::::::::J :E3. Et::::::::;!:::::;5E3L "cz\.:::::::::::::J E3. E:::::::z! ;Zz37` \z3. ::;:::::::::::::::;=' ./355F \z3x. ::~=======' ,c253F "tz3=. ..c5t32^ "=zz3==... ...=t3z13P^ `*=zjzczIIII3zzztE3>*^`
|
|
|
|
JayJuanGee
Legendary
Online
Activity: 3710
Merit: 10214
Self-Custody is a right. Say no to"Non-custodial"
|
|
May 31, 2016, 02:21:42 AM Last edit: May 31, 2016, 02:32:43 AM by JayJuanGee |
|
what the hell caused the climb out of the 400's? i'm so out of touch it's ridiculous...
Demand was greater than supply. And supply is about to get cut in half while i get that, at a basic level, that's always the cause, usually there's something else going on that caused the demand to spike. some announcement or something. was it really nothing specific this time? ...trippy. i figured we'd be stable until the halving cause of all the "consensus" bull. but then, as i said, i'm way out of touch. then again, as i look at it, halving is only about 40 days away. that's enough, i suppose. Wasn't it time for a price upsurge, more or less? Over the past couple of months, when we generally went up from $403 to $470 on relatively low volume, and then had several price correction attempts to bring prices below $435, that continued to be relatively low volume.. but not really success. And, even before that we had multiple attempts at spreading FUCD with the Hernia-rage-quit - and then ongoing exaggerating about the death of bitcoin due to scaling issue fabrications... but in the end, major players have been figuring out that bitcoin really is not broken.. and that Wright is not Satoshi (which was also connected to the bigger blockers). Buyers were just figuring it out that there is a lot of negative hype about bitcoin, and it is the shit... ETH does not really seem to have much to do with the current BTC pump. During that price movement process of recent months and last week's breaking of the $470 resistance, the theory is either that: 1) the bears (sellers) are running out of coins to sell (and no one else really wants to sell when the price goes lower than $440), or that 2) the price is being manipulated by whales (large holders of coins)... however, even though the volume did not pick up initially except to bring us from the $450s to $490s, the volume did pick up after that so the price battle ensued, and it really seems that we are not being manipulated by whales... and sellers are running out of coins... in essence the theory of my first posting, demand exceeds supply.
|
|
|
|
|