Ivor Biggun
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Activity: 196
Merit: 19
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December 10, 2017, 02:36:02 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... The Koreans undoubtedly have a massive impact. However, most big bitcoin exchanges are struggling to cope with the sheer numbers of newbies registering with them to buy bitcoins. Every time I look at the news there's another bitcoin story. The sheer volume of publicity is bringing more and more people into bitcoin, and they aren't all Korean. |
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RayX12
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December 10, 2017, 02:37:05 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... Nobody going to sell futures with 44% margin.. for all practical purposes leverage is non existent. Market cannot be moved with any advantage with futures. |
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TERA2
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Activity: 266
Merit: 222
Deb Rah Von Doom
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December 10, 2017, 02:47:04 AM |
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jojo69
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Activity: 3584
Merit: 5168
diamond-handed zealot
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December 10, 2017, 02:50:56 AM |
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Is it time to panic tho?  somebody shop the NASA logo on that bag |
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Rosewater Foundation
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December 10, 2017, 03:03:48 AM |
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This will make for some sensational headlines. TMZ gets rekt.  |
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JayJuanGee
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Activity: 4200
Merit: 12849
Self-Custody is a right. Say no to "non-custodial"
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December 10, 2017, 03:05:40 AM |
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Yep.. it is surely taking them a long time to get back online, and they have been having quite a few of these issues in recent weeks, which does not bode well for them in terms of attracting institutional investors and even partnering with CBOE It appears that those "non traditional financial fucks" aka Gemini, did not participate in our "crash" from a few hours ago. I was just able to log in and none of my buy orders below $15k executed, and the Gemini price is currently bouncing in the $15k territory. Perhaps they will dip a little bit to get more in line with the other exchanges, but I am having my doubts, since in recent days they have been lining up a lot more closely with GDAX, which seems to be their current bouncing around price point. If institutional money stabilises Gdax and Gemini, then arb will eventually clean up BFx and Bitstamp. I think we all risk being bored silly. I don't buy it for a minute... We not be gonna get any stabilization for at least a year (very best case scenario), but most likely we will not get stability for more than 3 years - or perhaps when BTC market cap is well north of a few trillion... .. which seems like we need another 10x from here, before we could minimally be aspiring to such possible hypothesized bordom levels. |
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TERA2
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Activity: 266
Merit: 222
Deb Rah Von Doom
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December 10, 2017, 03:08:26 AM |
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By stability do you mean staying within the same order of magnitude?
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JayJuanGee
Legendary
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Activity: 4200
Merit: 12849
Self-Custody is a right. Say no to "non-custodial"
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December 10, 2017, 03:08:48 AM |
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After launch of bitcoin at CBOE futures, I'm predicting many would sell it off and money from bitcoin will flow towards alt-coins. This might have never happened in the past, but I'm sure it'd happen this time, when bitcoin would crash a bit, wealthy and healthy alts like ETH/ETC will steal the spotlight.
Let's wait and watch the graphs though, things are getting very interesting.
nonsense.  Sounds like you are trying to imply (or perhaps assuming) that ETH/ETC is some kind of meaningful complementary good to BTC, and most like they are NOT. |
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yefi
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Activity: 2842
Merit: 1513
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December 10, 2017, 03:09:48 AM |
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I think 10K is bedrock now. A bounce or two off 10K would be nice.
Bedrock forms over millions of years. Is 12 days really long enough to form such a structure? |
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RejectedBanana
Sr. Member
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Activity: 406
Merit: 551
I am a banana.
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December 10, 2017, 03:15:09 AM |
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I think 10K is bedrock now. A bounce or two off 10K would be nice.
Bedrock forms over millions of years. Is 12 days really long enough to form such a structure? As long as it's not eroded, yep. |
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pfrtlpfmpf
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December 10, 2017, 03:17:35 AM
Last edit: December 10, 2017, 07:46:42 AM by pfrtlpfmpf |
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I loled so hard (how can you lol hard ? ) It´s easily the best Meme, i have ever seen. |
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JayJuanGee
Legendary
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Activity: 4200
Merit: 12849
Self-Custody is a right. Say no to "non-custodial"
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December 10, 2017, 03:20:31 AM |
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By stability do you mean staying within the same order of magnitude?
By stability: I was personally referring to HarryMac's description of what he was proposing to be a possible effects of institutional money coming in. Quoted for reference:
Yep.. it is surely taking them a long time to get back online, and they have been having quite a few of these issues in recent weeks, which does not bode well for them in terms of attracting institutional investors and even partnering with CBOE It appears that those "non traditional financial fucks" aka Gemini, did not participate in our "crash" from a few hours ago. I was just able to log in and none of my buy orders below $15k executed, and the Gemini price is currently bouncing in the $15k territory. Perhaps they will dip a little bit to get more in line with the other exchanges, but I am having my doubts, since in recent days they have been lining up a lot more closely with GDAX, which seems to be their current bouncing around price point. If institutional money stabilises Gdax and Gemini, then arb will eventually clean up BFx and Bitstamp. I think we all risk being bored silly. I don't buy it for a minute... We not be gonna get any stabilization for at least a year (very best case scenario), but most likely we will not get stability for more than 3 years - or perhaps when BTC market cap is well north of a few trillion... .. which seems like we need another 10x from here, before we could minimally be aspiring to such possible hypothesized bordom levels. |
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HairyMaclairy
Legendary
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Activity: 1442
Merit: 2284
Degenerate bull hatter & Bitcoin monotheist
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December 10, 2017, 03:20:31 AM |
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I do love a good Saturday night dump.
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bitserve
Legendary
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Activity: 1988
Merit: 1651
Self made HODLER ✓
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December 10, 2017, 03:21:37 AM |
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This tweet illustrates perfectly what is happening with kraken for the past few days: https://twitter.com/_skyl/status/939686600455340032It was always a toaster, but now it has gone beyond ridiculous. Let's see how many more days do I need to finish getting outta there. |
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jojo69
Legendary
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Activity: 3584
Merit: 5168
diamond-handed zealot
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December 10, 2017, 03:22:11 AM |
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totally unlistenable...embarassing Tone, dude, If you need an audio engineer drop me a PM |
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True Myth
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December 10, 2017, 03:30:01 AM |
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I haven't seen any "is bitcoin dead" posts so, we must not be at the bottom yet. I only wish I had more fiat to add more cheap btc to my stash. Although, I guess I could always just print more... you know like everyone else...
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PoolMinor
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Activity: 1845
Merit: 1348
XXXVII Fnord is toast without bread
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December 10, 2017, 03:34:44 AM |
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$11,111 buy moar when.
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Vin
Legendary
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Activity: 1166
Merit: 1015
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December 10, 2017, 03:40:52 AM |
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That Is The End!
Again
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