Last of the V8s
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Be a bank
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October 21, 2017, 10:45:29 PM |
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https://twitter.com/Hotkatchina/status/921445040756371456YAY $BTC 6K!!! Hmm $alts way down.. Mixed Emotions - it's kinda like Roger Ver going off a cliff in my Maserati @crypto_rand Oct 20 Replying to @Hotkatchina Nice pants, Kati. @Hotkatchina Oct 20 Thanks 😝 I think people were starting to wonder if I owned any 👖
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pfrtlpfmpf
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October 21, 2017, 10:48:38 PM Last edit: October 21, 2017, 11:37:56 PM by pfrtlpfmpf |
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I think, theres no TA applicable here, it`s all emotions, for the moment .
Looks like i should be "careful" here . . . But serously, we´re gonna take seven or eight, even nine thousand, there´s just the psychological barrier. I´ll put a sell order at 9990. And settle for cash, if necessary (just a small part of my portfolio)
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Vin
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October 21, 2017, 11:41:10 PM |
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Why should we happy with that?
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Torque
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October 21, 2017, 11:41:37 PM |
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I rather like that picture, but the slant angle of the "B" really bothers me. Someone needs to fix that stat.
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Torque
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October 21, 2017, 11:46:53 PM |
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Why should we happy with that? I believe this whole quote in that article is dead wrong: "We imagine LedgerX won’t have too difficult of a time moving inventory, considering bitcoin’s astounding run of new record highs persists unabated. In a market starved for volatility, giving the "big boys" the ability to trade with massive leverage on what is already the most volatile asset class in existence is just what some funds need to make their year as they swing for the fences with 20x (or more in) margin."
From the rulebook rules that I last saw, LedgerX does not allow any margin trading. And no shorting.
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BlindMayorBitcorn
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Activity: 1260
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October 21, 2017, 11:49:06 PM |
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https://twitter.com/Hotkatchina/status/921445040756371456YAY $BTC 6K!!! Hmm $alts way down.. Mixed Emotions - it's kinda like Roger Ver going off a cliff in my Maserati @crypto_rand Oct 20 Replying to @Hotkatchina Nice pants, Kati. @Hotkatchina Oct 20 Thanks 😝 I think people were starting to wonder if I owned any 👖
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d_eddie
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October 21, 2017, 11:55:29 PM |
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Why should we happy with that? Because it's fresh institutional big money coming in, possibly. I believe this whole quote in that article is dead wrong: "We imagine LedgerX won’t have too difficult of a time moving inventory, considering bitcoin’s astounding run of new record highs persists unabated. In a market starved for volatility, giving the "big boys" the ability to trade with massive leverage on what is already the most volatile asset class in existence is just what some funds need to make their year as they swing for the fences with 20x (or more in) margin."
From the rulebook rules that I last saw, LedgerX does not allow any margin trading. And no shorting. At least no naked shorting, which is good enough in my book.
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Torque
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October 22, 2017, 12:02:44 AM |
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I believe this whole quote in that article is dead wrong: "We imagine LedgerX won’t have too difficult of a time moving inventory, considering bitcoin’s astounding run of new record highs persists unabated. In a market starved for volatility, giving the "big boys" the ability to trade with massive leverage on what is already the most volatile asset class in existence is just what some funds need to make their year as they swing for the fences with 20x (or more in) margin."
From the rulebook rules that I last saw, LedgerX does not allow any margin trading. And no shorting. At least no naked shorting, which is good enough in my book. Yeah, no shorting period. All collateral has to be "unencumbered" (meaning no liens against it, can't be leveraged against for other investments, etc.). They actually have a lot of rules that even most exchanges don't follow: No Person shall engage in any of the following activities in connection with or related to any Exchange activity:
A. any fraudulent act or scheme to defraud, deceive, trick or mislead; B. trading ahead of a Customer or front-running; C. fraudulent trading; D. trading against a Customer Order or entering into a cross-trade, except as permitted by Rule 8.11; E. accommodation trading; F. fictitious Transactions; G. pre-arranged or non-competitive Transactions (except for Transactions specifically authorized under these Rules); H. cornering, or attempted cornering, of any Exchange Contract; I. violations of bids or offers; J. spoofing; K. any manipulation proscribed under CEA Section 9(a)(2) or CFTC Regulations 180.1(a) or 180.2, whether attempted or completed; L. demonstrating intentional or reckless disregard for the orderly execution of Transactions during the closing period; M. making fictitious or trifling bids or offers, offering to enter into an Exchange Contract at a price variation less than the minimum price fluctuation permitted for such Exchange Contract under the Rules, or knowingly making any bid or offer for the purpose of making a market price that does not reflect the true state of the market; or N. other conduct that constitutes a disruptive trading practice or is otherwise prohibited under CEA Section 4c(a)(5) or applicable CFTC Regulations.
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xhomerx10
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October 22, 2017, 12:12:16 AM Last edit: May 13, 2023, 04:16:57 AM by xhomerx10 |
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image removed
I rather like that picture, but the slant angle of the "B" really bothers me. Someone needs to fix that stat. 13.88° clockwise rotation per the Bitcoin spec.
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Torque
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October 22, 2017, 12:18:11 AM |
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^^^^ Much better, awesome!
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jojo69
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diamond-handed zealot
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October 22, 2017, 01:02:01 AM |
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savetherainforest
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October 22, 2017, 01:07:54 AM |
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^^^^ Much better, awesome! Dear God, This is what too much money does to you! ... Word!
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pfrtlpfmpf
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October 22, 2017, 01:18:08 AM |
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image removed
I rather like that picture, but the slant angle of the "B" really bothers me. Someone needs to fix that stat. 13.88° clockwise rotation per the Bitcoin spec. In my next life, i want to have your problems, but i have to admit, that was important, we couldn´t go on, without it . . . (Damn, how did you do that? )
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Elwar
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Viva Ut Vivas
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October 22, 2017, 01:21:01 AM |
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Ok, i´m panichodling I've been panic buying every deep dip and panic hodling in between since early 2013. It's become an obsession. It's started to interfere with things in my life like mindless consumerism, squandering, poverty, etc. I feel I'm not doing my part to help transnational corporations and name-brand advertisers.All that money I could have spent on trinkets and status symbols dumped into that bottomless pit called a Bitcoin stash. What do I have to show for it? A few dozen QR codes and a tiny little USB dongle? Oh the shame. Won't somebody please think of the transnational corporations?!?
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xhomerx10
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October 22, 2017, 01:23:47 AM |
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image removed
I rather like that picture, but the slant angle of the "B" really bothers me. Someone needs to fix that stat. 13.88° clockwise rotation per the Bitcoin spec. In my next life, i want to have your problems, but i have to admit, that was important, we couldn´t go on, without it . . . (Damn, how did you do that? ) Feel free to post all your money resolvable problems. I'll rotate them 13.88 degrees and/or make light of them in short order.
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LewisPirenne
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October 22, 2017, 01:26:04 AM |
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I believe this whole quote in that article is dead wrong: "We imagine LedgerX won’t have too difficult of a time moving inventory, considering bitcoin’s astounding run of new record highs persists unabated. In a market starved for volatility, giving the "big boys" the ability to trade with massive leverage on what is already the most volatile asset class in existence is just what some funds need to make their year as they swing for the fences with 20x (or more in) margin."
From the rulebook rules that I last saw, LedgerX does not allow any margin trading. And no shorting. Actually even without margins, they are technically correct in that options, especially far OTM (out of the money) option have really high leverage if IV (implied volatility) is low. Of course, given the really high RV (realized volatility) of BTC, IV is going to be really high as well, i.e. BTC options are really expensive. So the actual leverage would not be very high even if you bought far OTM put option (which are not currently available on LedgerX anyway). As for Risto, I doubt that he got anything from that Crypto Kingdom Game of his. Did he really squander all his BTC with his divorce and lost all his XMR when his MacBook got ninjaed?
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BlindMayorBitcorn
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October 22, 2017, 01:35:33 AM Last edit: October 22, 2017, 03:24:10 AM by BlindMayorBitcorn |
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Torque
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October 22, 2017, 01:42:47 AM |
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I mean, I'm grasping at straws here... but from the looks of it he created what appears to be a classic Ponzi/pyramid scheme in the form of a virtual game? If so, who involved didn't see that collapsing one day?
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LewisPirenne
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October 22, 2017, 01:43:16 AM |
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Wow, I had no idea that Risto had thousands of BTC in interest arrears. So he pulled a Trendon Shavers when I thought that it was just all fun and games.
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