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fallinglantern
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June 12, 2016, 09:36:32 PM |
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Bitfinex is almost empty after $680 might go full retard  $579 to $676 in a weekend is full retard. |
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toknormal
Legendary
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Activity: 3066
Merit: 1188
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June 12, 2016, 09:39:24 PM |
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Bitfinex is almost empty after $680 might go full retard Howd'you know it's not empty of fiat as well. Thats the problem - fiat is such a slow mover that when the exchange reserves dry up, demand dries up as well. |
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elux
Legendary
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Activity: 1458
Merit: 1006
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June 12, 2016, 09:39:56 PM |
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Damn is Bitcoin fun.... it's simply incredible to be a part of it.
Bitcoin is a decentralized virtual drug.  |
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GreekGeek
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June 12, 2016, 09:40:29 PM |
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Take it easy you guys! !!! I have work tomorrow and I would like to get some sleep
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orpington
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June 12, 2016, 09:40:40 PM |
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the fun starts!
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orpington
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June 12, 2016, 09:42:00 PM |
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old 666 will not let bitcoin get away that easily...
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SheHadMANHands
Legendary
Offline
Activity: 1168
Merit: 1000
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June 12, 2016, 09:42:20 PM |
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wow, that bull is strong. welcome to the show, take a seat  |
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savetherainforest
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June 12, 2016, 09:43:14 PM |
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I'm amazed that nobody's found ways to arb that huge BTCe lag.
I'd have thought the way to do it is just to maintain large amounts of fiat on there and wait for rally, then cash in on BTCe and immediately out on Bitstamp. It's a no brainer fiat gainer.
One could even borrow funds at negative interest rates to do it.
If someone could move money in to China in less than a few hours ... then from Yuan > China Exchanges! ... If you can do that when the market is stable and quiet in a day's time. You can make profits from that gap. Does the West have any banks in China? .. You borrow from the Western bank that is located in China but also that bank must be working with the Western exchange you trade on, and the transfer is almost instant and you keep the cycle going! So is there any Bank that works with any of the exchanges with a big gap that also has a enclave in China? |
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Ted E. Bare
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June 12, 2016, 09:45:54 PM |
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China leading. The price is supposed to be in the 700's already across the exchanges.
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Tzupy
Legendary
Offline
Activity: 2198
Merit: 1094
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June 12, 2016, 09:46:17 PM |
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My inner bear was telling me to short at 675$, but I didn't have the balls to...
At least I placed bids around 565$, hoping to catch the falling knife. And had the pic prepared in Photoshop, posted at the right time in Memespeculation.
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SheHadMANHands
Legendary
Offline
Activity: 1168
Merit: 1000
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June 12, 2016, 09:47:19 PM |
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People uber bullish with "the halving" approaching. Wonder if we'll just have a massive bubble that pops prior to it, followed by a slide into the halving. The market well metaphoricall "ji$$ it's pants" |
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Ted E. Bare
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June 12, 2016, 09:47:40 PM |
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Tzupy is bullish? |
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orpington
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June 12, 2016, 09:49:20 PM |
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Time to hit the sack til next weekend - we'll be at 666 for a while
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DaRude
Legendary
Offline
Activity: 3138
Merit: 2007
In order to dump coins one must have coins
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June 12, 2016, 09:55:42 PM |
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Bitfinex is almost empty after $680 might go full retard Howd'you know it's not empty of fiat as well. Thats the problem - fiat is such a slow mover that when the exchange reserves dry up, demand dries up as well. Running low as well, that's why we see the spread of $50 or 8% between finex and east. There's still about $3.5MM available in longs though as a short term loan till your wire clears, or to leverage long |
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JayJuanGee
Legendary
 Online
Activity: 4200
Merit: 12841
Self-Custody is a right. Say no to "non-custodial"
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June 12, 2016, 09:56:16 PM |
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It seems that Bitcoin, the security technology, is ready for that price and probably could even support coins at $20k or more.
What's your definition of 'ready'? It was effectively no more or less secure at $200 something and nothing much has changed in terms of infrastructure since then. I'm not a technical person, so in some ways I rely upon the technical assertions of other people, and their various descriptions regarding bitcoin's security. Accordingly, I am mostly referring to the hashing power, and the decentralized power of all of the computers that are securing bitcoin. Also, my understanding is that there have been various unsuccessful attacks at the bitcoin's blockchain over the years, and none have been successful and additional security measures have been taken, too. So, in essence, I am relying on the technical claims that bitcoin is way too secure for its present value and the logical inferences that bitcoin computing infrastructure could fairly easily support a 30x or more increase in the secured value, and we could still rest assured that our coins would be safe. |
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DaRude
Legendary
Offline
Activity: 3138
Merit: 2007
In order to dump coins one must have coins
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June 12, 2016, 09:59:06 PM |
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Your avatar hunts me when i close my eyes |
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MinermanNC
Legendary
Offline
Activity: 2212
Merit: 1000
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June 12, 2016, 10:07:31 PM |
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Got about 27 days to hit 800-900... for me that's a bare minimum for a smooth halving and continued somewhat" happy miners... 1000 would be ideal, of course higher is better lol
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sirazimuth
Legendary
Offline
Activity: 3808
Merit: 4025
born once atheist
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June 12, 2016, 10:09:36 PM |
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holy shit!
did some billionaire bitcoin enthusiast get bored this weekend
and decide to pump bitcoin just for shitz n giggles?
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