Clavulanic
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October 31, 2017, 10:00:27 PM |
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Patiently waiting for that spike upwards (at least a doubling within one week). Until then, it is still HODLing time.
For me I will still hold my funds before that spike to happen, because looking over to the bigger results, I am certain that having the patience that we had for bitcoin's value so far will benefit us most of the time now. I guess on week isn't just enough to wait, but surely we can experience the goodness of the price when it reached to the highest peak of price history. Although fluctuations may happen as previous months are in fear of price decrease, because of highest price that it can made investors to decide of selling their assets; but still they are positive enough to think of holding it. More will be investing now as demands rises from time to time and we are on the road to $7k.
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LewisPirenne
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October 31, 2017, 10:15:30 PM |
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A few thoughts on the CME news. Even though the contract is cash-settled, market makers do need to hedge if they want to provide liquidity. Because as we hodlers know, who wants to take the other side of the trade, e.g. short? Jamie Dimon? If the market demand is one-sided, market makers got to step in and take other side of the trade, and for that they need to hedge, unless they want to get rekted/blown-up.
But as we all know, BTC has limited quantity and even smaller outstanding stock available on the exchanges. So if market makers want to delta hedge, they need to hold the underlying asset, i.e. BTC, since they can't fractional-reserve this and create BTC out of thin air. So when BTC spikes up (or plunges), this is going to make the volatility even worse as market maker scramble to buy/sell BTC. There might simply not be enough BTC around for people to hedge. Though this would be less of a problem when BTC has huge market cap in the trillions, i.e. fixed quantity but supporting larger notional value of outstanding contracts.
Also, BTC is traded 24/7/365 across the world and the biggest volume isn't even in the US. It is in JPY (Japan) now and was CNY (China) before. So the biggest influence on spot price (needed for cash settlement of contract) isn't in USD nor in the US. This is like having a BCH future on CME while the trades are all being done in KRW on Bithumb. Quite risky and manipulations are all oversea based. One would need to get funds oversea for settlement manipulation and often the exchanges won't even open account unless you have ARC (alien registration card) for Japan or South Korea.
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pfrtlpfmpf
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October 31, 2017, 10:34:43 PM Last edit: October 31, 2017, 11:03:12 PM by pfrtlpfmpf |
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Somebody said: 100 to 4000 was difficult.
4000 to 400000 will be easy !
That´s right, i said: 400000 hundreds and thousands, pfmpf . . .
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gentlemand
Legendary
Offline
Activity: 2590
Merit: 3014
Welt Am Draht
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October 31, 2017, 10:35:52 PM |
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A few thoughts on the CME news.
My main thought is something that hasn't been mentioned very much - 'subject to regulation'.
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barota
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October 31, 2017, 10:57:34 PM |
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bitcoin rise Strongly The last two days ; but Every time it rises we see Some mystery in blockchain
we have 48988 unconfirmed transactions until now
Will we see dump?
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AlcoHoDL
Legendary
Offline
Activity: 2422
Merit: 4363
Addicted to HoDLing!
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October 31, 2017, 11:23:36 PM |
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ATH @ Kraken!5520 €
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BlindMayorBitcorn
Legendary
Offline
Activity: 1260
Merit: 1116
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October 31, 2017, 11:29:23 PM |
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Sweet Carolina!
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rjclarke2000
Legendary
Offline
Activity: 1358
Merit: 1016
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October 31, 2017, 11:31:11 PM |
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Sweet Carolina! Country Music fest? Edit. CCMF
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marcus_of_augustus
Legendary
Offline
Activity: 3920
Merit: 2349
Eadem mutata resurgo
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October 31, 2017, 11:33:17 PM |
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BlindMayorBitcorn
Legendary
Offline
Activity: 1260
Merit: 1116
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October 31, 2017, 11:39:07 PM |
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Touching me. Touching you. Bitcoin
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JimboToronto
Legendary
Offline
Activity: 4060
Merit: 4653
You're never too old to think young.
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October 31, 2017, 11:43:44 PM |
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ATHs everywhere. $6427 at Stamp. Chug chug maternal fornicator.
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xhomerx10
Legendary
Offline
Activity: 3892
Merit: 8335
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October 31, 2017, 11:44:31 PM |
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Sweet Carolina! Wow! This is exciting.
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jojo69
Legendary
Online
Activity: 3220
Merit: 4398
diamond-handed zealot
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October 31, 2017, 11:46:08 PM |
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woooo, o, WOOOOOOOOOOO!
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TwoCorn
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October 31, 2017, 11:46:37 PM |
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and Vers, Belshes, Silberts lol Happy whitepaper day. From the Denham Tracts? Never thought I'd see that here! I should've known better. This is Bitcoin.
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marcus_of_augustus
Legendary
Offline
Activity: 3920
Merit: 2349
Eadem mutata resurgo
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October 31, 2017, 11:48:32 PM |
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Touching me. Touching you. Bitcoin Where it began, I can't begin to knowing But then I know it's growing strong Was in the spring Then spring became the summer Who'd have believed you'd come along
Hands, touching hands Reaching out, touching me, touching you
Sweet Caroline Good times never seemed so good I'd be inclined To believe they never would But now I
Look at the night and it don't seem so lonely We filled it up with only two And when I hurt Hurting runs off my shoulders How can I hurt when I'm hodling you
One, touching one Reaching out, touching me, touching you
Sweet Caroline Good times never seemed so good I'd be inclined To believe they never would Oh no, no
Sweet Caroline Good times never seemed so good Sweet Caroline I believe they never could
Sweet Caroline ... it's CCMF ATH rally song
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windjc
Legendary
Offline
Activity: 2156
Merit: 1070
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October 31, 2017, 11:53:14 PM |
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A few thoughts on the CME news. Even though the contract is cash-settled, market makers do need to hedge if they want to provide liquidity. Because as we hodlers know, who wants to take the other side of the trade, e.g. short? Jamie Dimon? If the market demand is one-sided, market makers got to step in and take other side of the trade, and for that they need to hedge, unless they want to get rekted/blown-up.
But as we all know, BTC has limited quantity and even smaller outstanding stock available on the exchanges. So if market makers want to delta hedge, they need to hold the underlying asset, i.e. BTC, since they can't fractional-reserve this and create BTC out of thin air. So when BTC spikes up (or plunges), this is going to make the volatility even worse as market maker scramble to buy/sell BTC. There might simply not be enough BTC around for people to hedge. Though this would be less of a problem when BTC has huge market cap in the trillions, i.e. fixed quantity but supporting larger notional value of outstanding contracts.
Also, BTC is traded 24/7/365 across the world and the biggest volume isn't even in the US. It is in JPY (Japan) now and was CNY (China) before. So the biggest influence on spot price (needed for cash settlement of contract) isn't in USD nor in the US. This is like having a BCH future on CME while the trades are all being done in KRW on Bithumb. Quite risky and manipulations are all oversea based. One would need to get funds oversea for settlement manipulation and often the exchanges won't even open account unless you have ARC (alien registration card) for Japan or South Korea.
Nice post. Thanks for the insights.
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jbreher
Legendary
Offline
Activity: 3038
Merit: 1660
lose: unfind ... loose: untight
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October 31, 2017, 11:55:21 PM |
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Addition of Korea may make chart more useful.
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Vin
Legendary
Offline
Activity: 1166
Merit: 1015
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November 01, 2017, 12:01:28 AM |
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Touching me. Touching you. Bitcoin Where it began, I can't begin to knowing But then I know it's growing strong Was in the spring Then spring became the summer Who'd have believed you'd come along
Hands, touching hands Reaching out, touching me, touching you
Sweet Caroline Good times never seemed so good I'd be inclined To believe they never would But now I
Look at the night and it don't seem so lonely We filled it up with only two And when I hurt Hurting runs off my shoulders How can I hurt when I'm hodling you
One, touching one Reaching out, touching me, touching you
Sweet Caroline Good times never seemed so good I'd be inclined To believe they never would Oh no, no
Sweet Caroline Good times never seemed so good Sweet Caroline I believe they never could
Sweet Caroline ... it's CCMF ATH rally song Best thing, I have read today : ) Wonderful!
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mrkavasaki
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November 01, 2017, 12:06:44 AM |
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bitcoin is overbought as fuck!
it is time for a serious correction!
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