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zoinky
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December 10, 2017, 12:47:35 AM |
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CBOE trades tomorrow?
CME Next week?
I guess it's time to bait trash talkers into shorting so heavily that they think they control things? Will be interesting to see where the hidden bull lies. I doubt 10k could be destroyed.
The dip here will be a memory to people who thought they could control bitcoin, the liquidation will be what gets to unimaginable numbers.
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HairyMaclairy
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Activity: 1442
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Degenerate bull hatter & Bitcoin monotheist
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December 10, 2017, 12:47:58 AM |
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Thank you for the expiration dates.
No I don’t think the CME one allows direct back to backs. But I am sure all sorts of hedge funds will pop up offering back to backs.
Anyone who wanted to short has been able to do so for years on BFX. They get rekted all the time.
As for the dip, I spent the last of my budgeted fiat at $9200. The price is going to have to come down a lot more for me to buy more. $13,000 isn’t low enough to lure me back.
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Rosewater Foundation
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December 10, 2017, 12:54:01 AM |
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This is nonsense for a very simple reason. If there is gold price increase there wr Agree. The only valid use case I can think of would be a whale protecting their position at the top of the market when they know they have a large fiat expense coming up (eg tax) and they don't want to cash out yet. The problem is they can't use BTC to underwrite the trade (it has to be Fiat) so it's useless even for simple hedging. Tone's recent interview with Ugly Goat explains the whole scenario well: https://www.youtube.com/watch?v=gXUEfZY4zRkCBOE rules allow the futures to be linked to trades of underlying positions held on Gemini, called an “Exchange of Contract for Underlying Position”. So you can trade BTC on Gemini for BTC futures on CBOE. And you can sell your future for real bitcoin. Then it can be useful. The CME one doesn't have that AFAIK. This thread is useful. Thanks. The collective intelligence of the WO is dangerous.  |
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Globb0
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Free spirit
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December 10, 2017, 01:09:02 AM |
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Threatening a bit of down again, what would be the correction that would make everyone happy?
Its not far off for me already. at somewhere between about 11-9
It dipped to 12.7 its trying.
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Rosewater Foundation
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December 10, 2017, 01:10:07 AM |
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Threatening a bit of down again, what would be the correction that would make everyone happy?
Its not far off for me already. at somewhere between about 11-9
It dipped to 12.5 its trying.
I'm fine with this. We can go up now. Thanks |
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HairyMaclairy
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Degenerate bull hatter & Bitcoin monotheist
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December 10, 2017, 01:15:08 AM |
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We are halfway down the one week candle. Relax.
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realr0ach
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#TheGoyimKnow
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December 10, 2017, 01:16:08 AM |
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They're obviously not going to attempt to short bitcoin into the ground on day 1 of futures opening to make things too obvious (at least I think). There's also the fact they don't want people to buy precious metals because the markets are stretched tight as is with nation states like Russia and China buying up the gold. They want to distract people from metals so they won't buy them because they don't want anyone to have access to sound money and want you to buy bitcrap instead. It doesn't seem like there's much reason for them to crater bitcoin right now unless they notice everyone is converting artifically inflated bitcoin profit to metals. That would be the "oy vey, the goyim know! shut it down!" moment.
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Rosewater Foundation
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December 10, 2017, 01:18:37 AM |
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We are halfway down the one week candle. Relax.
It's just...I think I can see the Earth out there. I never want to go back. |
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HairyMaclairy
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December 10, 2017, 01:21:02 AM |
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Roach: nothing would delight me more than $3k Bitcoin tomorrow.
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ragnar0k
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December 10, 2017, 01:22:28 AM |
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The FUD is strong these days, almost reminds me when BCH was a thing XD
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Rosewater Foundation
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December 10, 2017, 01:24:08 AM |
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The FUD is strong these days, almost reminds me when BCH was a thing XD
If we can hold these losses until Monday it will help to shake loose more coins. |
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ragnar0k
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December 10, 2017, 01:25:48 AM |
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The FUD is strong these days, almost reminds me when BCH was a thing XD
If we can hold these losses until Monday it will help to shake loose more coins. Yep, for the happyness of banks, I am out of fiat  |
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HairyMaclairy
Legendary
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Degenerate bull hatter & Bitcoin monotheist
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December 10, 2017, 01:30:29 AM |
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We are halfway down the one week candle. Relax.
It's just...I think I can see the Earth out there. I never want to go back. Crank the volume and learn to love it. |
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fabiorem
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December 10, 2017, 01:40:35 AM |
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The FUD is strong these days, almost reminds me when BCH was a thing XD
Some people might FUD because theres no clear explanation of how futures work, and we dont know who have been pumping bitcoin recently. It could be hedge funds who are going to sell contracts in CME, and we dont know if the banksters who are against bitcoin will be their clients or not. So some people are shorting, based in this fear, I think. If you are going to short, just short some small bit, hold the rest, because fiat is not worthy it, unless you really want it to pay bills. |
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ragnar0k
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December 10, 2017, 01:47:25 AM |
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The FUD is strong these days, almost reminds me when BCH was a thing XD
Some people might FUD because theres no clear explanation of how futures work, and we dont know who have been pumping bitcoin recently. It could be hedge funds who are going to sell contracts in CME, and we dont know if the banksters who are against bitcoin will be their clients or not. So some people are shorting, based in this fear, I think. If you are going to short, just short some small bit, hold the rest, because fiat is not worthy it, unless you really want it to pay bills. Well, the few I regard in this space all suggested not to short... Also, although it seems a crap lots of money I see nothing different from the small dips we had in the past in terms of percentage! I think up to 10k we got without the help of derivatives, so that is our base... I can live with that |
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infofront (OP)
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Shitcoin Minimalist
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December 10, 2017, 02:12:15 AM |
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Threatening a bit of down again, what would be the correction that would make everyone happy?
Its not far off for me already. at somewhere between about 11-9
It dipped to 12.7 its trying.
I think 10K is bedrock now. A bounce or two off 10K would be nice. |
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AlexGR
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December 10, 2017, 02:23:21 AM |
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and we dont know who have been pumping bitcoin recently. It could be hedge funds who are going to sell contracts in CME, and we dont know if the banksters who are against bitcoin will be their clients or not.
I think this was more or less settled (Koreans) ? Unless bankers and CME shorters would use the KRW markets with 2-4k premiums... |
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HairyMaclairy
Legendary
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Degenerate bull hatter & Bitcoin monotheist
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December 10, 2017, 02:34:13 AM |
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It’s looking rather red in Alt land. Tether $1.03 lol
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Poll
