JimboToronto
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Activity: 4116
Merit: 4739
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. ![Cool](https://bitcointalk.org/Smileys/default/cool.gif)
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xhomerx10
Legendary
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Activity: 3948
Merit: 8538
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October 31, 2017, 11:44:31 PM |
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Sweet Carolina! ![Shocked](https://bitcointalk.org/Smileys/default/shocked.gif) Wow! This is exciting.
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jojo69
Legendary
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Activity: 3276
Merit: 4522
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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![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FzbFgfG6.jpg&t=665&c=myqs6IKuh2f6wA) 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
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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 ![Cool](https://bitcointalk.org/Smileys/default/cool.gif) 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
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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
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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
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Activity: 1166
Merit: 1015
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November 01, 2017, 12:01:28 AM |
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Touching me. Touching you. Bitcoin ![Cool](https://bitcointalk.org/Smileys/default/cool.gif) 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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gembitz
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November 01, 2017, 12:18:37 AM |
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bitcoin is overbought as fuck!
it is time for a serious correction!
$7000 close ~ are you new here? ![Roll Eyes](https://bitcointalk.org/Smileys/default/rolleyes.gif) weeee
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jojo69
Legendary
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Activity: 3276
Merit: 4522
diamond-handed zealot
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November 01, 2017, 12:33:08 AM |
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bitcoin is overbought as fuck!
it is time for a serious correction!
wave 5 complete?
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gwoplock
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November 01, 2017, 12:43:48 AM |
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bitcoin is overbought as fuck!
it is time for a serious correction!
wave 5 complete? nah. I think we are growing at an ok rate. looking at the all time chars in log we aren't over a linear line. the only time we've broken it is a bubble. if we stay like this I don't think its a bubble.
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Searing
Copper Member
Legendary
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Activity: 2898
Merit: 1464
Clueless!
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November 01, 2017, 12:51:44 AM |
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6370+. I was thinking: When it was 1k or so a year ago I couldn't have imagined it would go up by a factor of five.
Now I wonder if it will go up by another factor of 5 to 30k. Not unbelievable.
C
If it does my life will change more than I could ever imagine. Ditto...as I said to a friend on here two months ago....we'd better go back to thinking of BTC as fairydust/unicorn/tulip/imaginary rainbow money ..or we are gonna lose our minds ..it has worked for awhile as a 'mental' excercise ...er now at these prices not so much.... wait...doing that means my mind is already gone...on the other hand...thinking of this as REAL money is also unbelievable er....dumbstruck ..... denial of the inevitable is getting hard...but acceptance of the inevetable is also somewhat impossible...so I guess I'll just continue to stand about 'slackjawed' in awe...
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Ted E. Bare
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November 01, 2017, 12:52:56 AM |
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What a year... What a year...
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pfrtlpfmpf
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November 01, 2017, 12:55:56 AM |
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bitcoin is overbought as fuck!
it is time for a serious correction!
Nah, it´s just appreciation on the big picture ! Just keep your hands inside the vehicle at all times.
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mrkavasaki
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November 01, 2017, 12:58:07 AM |
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but seriously i think bitcoin will have a correction soon
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Heater
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November 01, 2017, 12:58:53 AM |
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I wanted some insightful analysis of the recent price rise so I checked out r/Economics/ and this is what I got: Imagine a bunch of kids at an all you can eat buffet. One of the kids is slowly eating a salad and he seems healthy and reasonably happy, though he is eating slowly. There is another kid, who is fat as all hell, who is cramming ice cream into his mouth as quickly as his bulbous hands can heft it to his face. Beside him, a pool of vomit on the floor. The fat child's parents see your look and say "Its alright, he threw up from vanilla Ice Cream, we switched him to chocolate, its totally different." https://www.reddit.com/r/Economics/comments/79wc4c/bitcoin_hits_alltime_high_after_cme_group_says_to/dp5owh7/Those guys are so smart I can't even understand what the hell they are talking about!
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BlindMayorBitcorn
Legendary
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Activity: 1260
Merit: 1116
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November 01, 2017, 01:04:26 AM |
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I wanted some insightful analysis of the recent price rise so I checked out r/Economics/ and this is what I got: Imagine a bunch of kids at an all you can eat buffet. One of the kids is slowly eating a salad and he seems healthy and reasonably happy, though he is eating slowly. There is another kid, who is fat as all hell, who is cramming ice cream into his mouth as quickly as his bulbous hands can heft it to his face. Beside him, a pool of vomit on the floor. The fat child's parents see your look and say "Its alright, he threw up from vanilla Ice Cream, we switched him to chocolate, its totally different." https://www.reddit.com/r/Economics/comments/79wc4c/bitcoin_hits_alltime_high_after_cme_group_says_to/dp5owh7/Those guys are so smart I can't even understand what the hell they are talking about! If coulds and cans bought mayos and hams they'd all be eating fat sandwiches. Why can't they just get it and pull up a chair already..
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