roach_lost
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December 23, 2017, 04:41:06 AM |
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wow...they actually packed a lot of information in that, and finished with a zinger...I like it Yes, yes and the characters are on point too with the black woman being logical and inquisitive while the blonde woman is naive and emotional. It just fits the narrative so perfectly one almost forgets this is actually an ad for bitcoin trying to get more people to adopt it than the apparent criticism that is somehow expected by most to come from a sarcastic sketch show forever used as an extremely effective source of extremely powerful commie poison.
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bitserve
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Self made HODLER ✓
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December 23, 2017, 04:44:13 AM |
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Any particular reason why Arb bots are not buying BTC from finex and selling them on Bitstamp, Gdax and Gemini. Surely a spread of 5% plus that Finex had for quite some time would be worth it. I would think the arb bots would be bringing these markets closer together. What is Spoofy up to? ![Huh](https://bitcointalk.org/Smileys/default/huh.gif) Bitfinex prices are not real USD but USDT, which is at this moment 2% over USD. That reduces 5% to 3% profit. Also Bitstamp doesn't do USDT. I think Gdax and Gemini neither. That 3% is probably not worth arbitraging in a so volatile moment like this and Bitfinex adds too much third party risk over other exchanges (which also have some third party risk). Lastly, you can only do that once if you have the funds already in both exchanges. After that, you need to transfer the funds, pay tx fee's, wait for only god knows how long until the exchange release the withdrawal and it gets enough confirmations on the receiving exchange. So... in the end a theoretical 5% spread is not that much when all factors taken into consideration. If you want to arbitrage you can find way better spreads on many alts.
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Typex
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December 23, 2017, 04:48:00 AM |
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Been lurking on this site and particularly this thread for a several weeks now, finally decided to post. Thanks to this thread Ive learned not to panic sell or buy into FOMO or FUD like most crypto newbs would do in events such as the one the last few days. I got burned in the November flippening and almost cashed out for good. ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif)
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roach_lost
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December 23, 2017, 04:48:43 AM |
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I think the fact that years ago, everyone knows that solar energy requires massive amount of silver and yet silver failed to stage even a meaningful rally is quite bearish. That has zero to do with it. The US produces BARELY ANY silver at all. They rigged the price of silver to both try and prop up the debt based scam dollar, plus it means the US pays nothing for all the silver it imports. It also means nations like Mexico give away some of their most precious assets for nothing. All that is now changing. Many of these other nations they tried to impoverish on purpose started hoarding gold (like India and numerous arab states). So now there is no real incentive for organizations like the Pilgrim society to prop up gold and suppress silver. If anything, there's now more incentive to let silver rise and suppress gold. None of the world powers want places like India to all become millionaires overnight. That would just mean the other nations are their slaves, and why would anyone be a slave to India? The fact India has lots of gold means the price of gold is capped at a certain point but silver can moonshot. Fort Knox doesn't have the gold there either and JP Morgan has acquired an enormous amount of silver on behalf of the US govt as part of their plan B, C, D, E, F, G when the monetary system blows up; that and strategic reserve. So as you can see, silver is not going to be suppressed much longer since there's no real reason to. When the metals sector breaks free, they aren't going to try and stop silver from ripping people's faces off. Even China, which is on Silver Standard for a millennium and was one of the largest silver producer in the world (still is), doesn't care about silver. There is a reason China now issues silver in the same acrylic, protective capsules as they do gold. You just haven't seen why yet. Silver as well as all precious metals have a long future of suppression at least until full blockchain adoption is in place. By then only the inner party will be able to use their blockchain money for pm purchases so everyone will be happy by default. You will learn not to even want it eventually, particularly when there is absolutely no way to use your tokens to get it and everyone you know was born in the same system.
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Granxis
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December 23, 2017, 04:49:16 AM |
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I think the price drop has come to an end, but Bitcoin can not show a stable structure. If the price drops this week despite the fork, we can see quite a sale.
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Rosewater Foundation
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December 23, 2017, 04:49:27 AM |
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Hear ye, fair citizens...
What's crackin'?
FOLLOW THE ORANGE BRICK ROAD! FOLLOW THE ORANGE BRICK ROAD! HODL HODL HODL HODL! FOLLOW THE ORANGE BRICK ROAD! If ever there ever a wiz, there was, the mayor of corn was one because.. because because because because becauuuuussssee... because of the wonderful shit he does la la la la lal lala la
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nikauforest
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December 23, 2017, 04:49:52 AM |
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Are addresses going to be longer because there is a concern they can be cracked with quantum computers within the next 10-20 years? I think I read this somewhere. I like how casascius (Mike Caldwell) jabbed Core fees! "Neurotypical users will probably applaud having the transaction fees back under $1 before they give accolades for typo correction. Core will lead the way in most efficient usage of pixels in a QR code, while economic forces make winners of the alt coins that don’t charge $30 in fees to do a simple transaction."
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hurremshaikh295
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December 23, 2017, 04:50:01 AM |
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Hear ye, fair citizens...
What's crackin'?
FOLLOW THE ORANGE BRICK ROAD! FOLLOW THE ORANGE BRICK ROAD! HODL HODL HODL HODL! FOLLOW THE ORANGE BRICK ROAD! I'm better trading with the fluctation and then saving my winings on cold storage, is better .
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JayJuanGee
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Self-Custody is a right. Say no to"Non-custodial"
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December 23, 2017, 04:50:57 AM |
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Major alts are still at levels seen before their final pump so I still call it a correction. But a severe one.
On the scale of 5 years, this will just be a blip. The brave accumulate now. The broke (like me) HODL.
![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fmemegenerator.net%2Fimg%2Finstances%2F500x%2F63902345%2Fporque-no-los-dos.jpg&t=665&c=11pTuSTtdlVkxQ) I mean you can HODL and ACCUMULATL, no? Especially, if you shave a little off all the way up the ladder. Let's say you own only 1 bitcoin. Well you could sell .01 bitcoin every time the price goes up $1000, and then buy back approximately .01075 every time the price goes down $1000, and I bet in the end, you will ACCUMULATL more bitcoin and overall wealth, as long as you stick to such system or such approximation of a system. You will likely need to tweak such system a bit as you go along and to your own situation, and to your own success (or mistakes), but if you stick with such a system variant, you will likely be better prepared for both UP movements in BTC prices and DOWN movements.
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RoomBot
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December 23, 2017, 04:51:25 AM |
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Breaking 24777$ prediction game
11/02/2018 please (FEB 11 2018)
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criptix
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December 23, 2017, 04:52:36 AM |
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Gosh - waking up with -25% BTC was one of the best things this year so far ![Roll Eyes](https://bitcointalk.org/Smileys/default/rolleyes.gif) I blame all this shit on buttfinex and coinbase ![Angry](https://bitcointalk.org/Smileys/default/angry.gif) I was really thinking of getting all BTC's out of my cold wallet... but then decided to just get 20% out and play with the market. The question is now dead cat or no dead cat? Do i believe the deep learning AI - her forecast is a dead cat high of 16,2 k and then dump to 13.2 k ugh? ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FpVLYR6T.jpg&t=665&c=w3b9IvRxYHZSDQ)
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RoomBot
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December 23, 2017, 04:54:31 AM |
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Hear ye, fair citizens...
What's crackin'?
FOLLOW THE ORANGE BRICK ROAD! FOLLOW THE ORANGE BRICK ROAD! HODL HODL HODL HODL! FOLLOW THE ORANGE BRICK ROAD! I'm better trading with the fluctation and then saving my winings on cold storage, is better . Doesn't rhyme.
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bones261
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December 23, 2017, 04:55:41 AM |
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Any particular reason why Arb bots are not buying BTC from finex and selling them on Bitstamp, Gdax and Gemini. Surely a spread of 5% plus that Finex had for quite some time would be worth it. I would think the arb bots would be bringing these markets closer together. What is Spoofy up to? ![Huh](https://bitcointalk.org/Smileys/default/huh.gif) Bitfinex prices are not real USD but USDT, which is at this moment 2% over USD. That reduces 5% to 3% profit. Also Bitstamp doesn't do USDT. I think Gdax and Gemini neither. That 3% is probably not worth arbitraging in a so volatile moment like this and Bitfinex adds too much third party risk over other exchanges (which also have some third party risk). Lastly, you can only do that once if you have the funds already in both exchanges. After that, you need to transfer the funds, pay tx fee's, wait for only god knows how long until the exchange release the withdrawal and it gets enough confirmations on the receiving exchange. So... in the end a theoretical 5% spread is not that much when all factors taken into consideration. I thought the arb bots don't actually transfer coins via exchanges very often. I thought they have both assets on both exchanges and simply make the exchanges simultaneously on both exchanges. For example, I use my USDT on Bitfinex to buy BTC and at the exact same time sell some of my BTC on Bitstamp or Gdax. The only time that I would have to worry about transfers is if the supply of one of my assets is low on one of the exchanges. My understanding was that arb bots do not do"all in" trades, but many small trades, so they don't get stuck having to transfer assets too often.
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cAPSLOCK
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Whimsical Pants
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December 23, 2017, 04:57:01 AM |
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Are addresses going to be longer because there is a concern they can be cracked with quantum computers within the next 10-20 years? I think I read this somewhere. I like how casascius (Mike Caldwell) jabbed Core fees! "Neurotypical users will probably applaud having the transaction fees back under $1 before they give accolades for typo correction. Core will lead the way in most efficient usage of pixels in a QR code, while economic forces make winners of the alt coins that don’t charge $30 in fees to do a simple transaction." Did you happen to also notice who he said would be interested in the lower fees?
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HairyMaclairy
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Degenerate bull hatter & Bitcoin monotheist
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December 23, 2017, 04:59:00 AM |
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Any particular reason why Arb bots are not buying BTC from finex and selling them on Bitstamp, Gdax and Gemini. Surely a spread of 5% plus that Finex had for quite some time would be worth it. I would think the arb bots would be bringing these markets closer together. What is Spoofy up to? ![Huh](https://bitcointalk.org/Smileys/default/huh.gif) Bitfinex prices are not real USD but USDT, which is at this moment 2% over USD. That reduces 5% to 3% profit. Also Bitstamp doesn't do USDT. I think Gdax and Gemini neither. That 3% is probably not worth arbitraging in a so volatile moment like this and Bitfinex adds too much third party risk over other exchanges (which also have some third party risk). Lastly, you can only do that once if you have the funds already in both exchanges. After that, you need to transfer the funds, pay tx fee's, wait for only god knows how long until the exchange release the withdrawal and it gets enough confirmations on the receiving exchange. So... in the end a theoretical 5% spread is not that much when all factors taken into consideration. I thought the arb bots don't actually transfer coins via exchanges very often. I thought they have both assets on both exchanges and simply make the exchanges simultaneously on both exchanges. For example, I use my USDT on Bitfinex to buy BTC and at the exact same time sell some of my BTC on Bitstamp or Gdax. The only time that I would have to worry about transfers is if the supply of one of my assets is low. My understanding was that arb bots do not do"all in" trades, but many small trades, so the don't get stuck having to transfer assets too often. That only works if the exchanges keep swapping sides. Normally one is permanently higher than the other.
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criptix
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December 23, 2017, 05:01:25 AM |
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Any particular reason why Arb bots are not buying BTC from finex and selling them on Bitstamp, Gdax and Gemini. Surely a spread of 5% plus that Finex had for quite some time would be worth it. I would think the arb bots would be bringing these markets closer together. What is Spoofy up to? ![Huh](https://bitcointalk.org/Smileys/default/huh.gif) Bitfinex prices are not real USD but USDT, which is at this moment 2% over USD. That reduces 5% to 3% profit. Also Bitstamp doesn't do USDT. I think Gdax and Gemini neither. That 3% is probably not worth arbitraging in a so volatile moment like this and Bitfinex adds too much third party risk over other exchanges (which also have some third party risk). Lastly, you can only do that once if you have the funds already in both exchanges. After that, you need to transfer the funds, pay tx fee's, wait for only god knows how long until the exchange release the withdrawal and it gets enough confirmations on the receiving exchange. So... in the end a theoretical 5% spread is not that much when all factors taken into consideration. I thought the arb bots don't actually transfer coins via exchanges very often. I thought they have both assets on both exchanges and simply make the exchanges simultaneously on both exchanges. For example, I use my USDT on Bitfinex to buy BTC and at the exact same time sell some of my BTC on Bitstamp or Gdax. The only time that I would have to worry about transfers is if the supply of one of my assets is low. My understanding was that arb bots do not do"all in" trades, but many small trades, so the don't get stuck having to transfer assets too often. That only works if the exchanges keep swapping sides. Normally one is permanently higher than the other. even if not - arbitrage means that you bring the price on several exchanges in a equilibrium --> in the process your fiat/btc amount will change on the exchanges thus you have to bring this into equilibrium too and withdraw fiat/btc.
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Rosewater Foundation
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December 23, 2017, 05:02:05 AM |
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Are addresses going to be longer because there is a concern they can be cracked with quantum computers within the next 10-20 years? I think I read this somewhere. I like how casascius (Mike Caldwell) jabbed Core fees! "Neurotypical users will probably applaud having the transaction fees back under $1 before they give accolades for typo correction. Core will lead the way in most efficient usage of pixels in a QR code, while economic forces make winners of the alt coins that don’t charge $30 in fees to do a simple transaction." Did you happen to also notice who he said would be interested in the lower fees? But surely, the average deadweight mass of gelded cud-chewers don’t much care about decentralization.
Ha! ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif)
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JayJuanGee
Legendary
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Self-Custody is a right. Say no to"Non-custodial"
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December 23, 2017, 05:02:28 AM |
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the silence of the lambos....
I don't know. When prices broke above $10k, there was a lot of talk about lambos, and perhaps when the price reached $19k, we were talking about nearly 2 lambos, and now, we are talking about 1.5 lambos. Not a whole hell-of-a lot of a difference, except perhaps trying to figure out what the fuck is a half of a lambo?
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bitserve
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Self made HODLER ✓
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December 23, 2017, 05:03:56 AM |
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Any particular reason why Arb bots are not buying BTC from finex and selling them on Bitstamp, Gdax and Gemini. Surely a spread of 5% plus that Finex had for quite some time would be worth it. I would think the arb bots would be bringing these markets closer together. What is Spoofy up to? ![Huh](https://bitcointalk.org/Smileys/default/huh.gif) Bitfinex prices are not real USD but USDT, which is at this moment 2% over USD. That reduces 5% to 3% profit. Also Bitstamp doesn't do USDT. I think Gdax and Gemini neither. That 3% is probably not worth arbitraging in a so volatile moment like this and Bitfinex adds too much third party risk over other exchanges (which also have some third party risk). Lastly, you can only do that once if you have the funds already in both exchanges. After that, you need to transfer the funds, pay tx fee's, wait for only god knows how long until the exchange release the withdrawal and it gets enough confirmations on the receiving exchange. So... in the end a theoretical 5% spread is not that much when all factors taken into consideration. I thought the arb bots don't actually transfer coins via exchanges very often. I thought they have both assets on both exchanges and simply make the exchanges simultaneously on both exchanges. For example, I use my USDT on Bitfinex to buy BTC and at the exact same time sell some of my BTC on Bitstamp or Gdax. The only time that I would have to worry about transfers is if the supply of one of my assets is low. My understanding was that arb bots do not do"all in" trades, but many small trades, so the don't get stuck having to transfer assets too often. Yes, they start with funds on both exchanges. They execute the trades... and now they have to transfer the funds the other way around. They could only avoid that when there is also volatility on the spread, and can go +5% to -5%... so they just do the inverse trade... BUT that's usually not the case, and spread remains for a long time. Remember the usual +10 / +15% of Mtgox in its last months? In fact, arbing is all the time hapenning in all exchanges. The spread you see is usually the point where they consider it is not worth for whatever reason (they are dedicated to that activity, so they must know better).
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realr0ach
Sr. Member
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December 23, 2017, 05:04:01 AM Last edit: December 23, 2017, 05:18:38 AM by realr0ach |
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I think the fact that years ago, everyone knows that solar energy requires massive amount of silver and yet silver failed to stage even a meaningful rally is quite bearish. That has zero to do with it. The US produces BARELY ANY silver at all. They rigged the price of silver to both try and prop up the debt based scam dollar, plus it means the US pays nothing for all the silver it imports. It also means nations like Mexico give away some of their most precious assets for nothing. All that is now changing. Many of these other nations they tried to impoverish on purpose started hoarding gold (like India and numerous arab states). So now there is no real incentive for organizations like the Pilgrim society to prop up gold and suppress silver. If anything, there's now more incentive to let silver rise and suppress gold. None of the world powers want places like India to all become millionaires overnight. That would just mean the other nations are their slaves, and why would anyone be a slave to India? The fact India has lots of gold means the price of gold is capped at a certain point but silver can moonshot. Fort Knox doesn't have the gold there either and JP Morgan has acquired an enormous amount of silver on behalf of the US govt as part of their plan B, C, D, E, F, G when the monetary system blows up; that and strategic reserve. So as you can see, silver is not going to be suppressed much longer since there's no real reason to. When the metals sector breaks free, they aren't going to try and stop silver from ripping people's faces off. Even China, which is on Silver Standard for a millennium and was one of the largest silver producer in the world (still is), doesn't care about silver. There is a reason China now issues silver in the same acrylic, protective capsules as they do gold. You just haven't seen why yet. Silver as well as all precious metals have a long future of suppression at least until full blockchain adoption is in place. By then only the inner party will be able to use their blockchain money for pm purchases so everyone will be happy by default. You will learn not to even want it eventually, particularly when there is absolutely no way to use your tokens to get it and everyone you know was born in the same system. Haha. The jews have far overplayed their hand and everyone knows it's them pushing for a cashless society slave system and all the other horrors they're behind. The more they push from here, the faster the rest of the planet will dispose of them for good. They are the biggest paper tiger that has ever existed and will be shocked at how fast they're exterminated. ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FCZcLk55.gif&t=665&c=bTfx7i9FTZ6gJg)
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