Rampion
Legendary
 Offline
Activity: 1148
Merit: 1018
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August 28, 2013, 08:32:06 PM |
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BTW, 66% of my trading stash joined the "investment stash" on a paper wallet. I sold the remaining 33% at $120 and requested a withdrawal to try some arbitrage with Bitstamp... The money didn't arrived to my account yet, so after the last rally my arbitraging move isn't looking too good ATM. I don't understand this move. The best way to arbitrage is to buy bitcoins on Bitstamp and sell them on Gox, doing it the other way around like you did carries a huge amount of risk since you have to wait for the funds to arrive from Gox first. Why did you try it this way?  Well, because I bought back in full between $67 and $105. My trading position was all BTC, so I had to sell on Gox before buying on Bitstamp to sell again on Gox, etc. etc. etc... Plus, the point here is to see how fast I can move fiat from Gox to Bitstamp in a recurrent way - both fiat and BTC have to move quickly for arbitrage to work. BTC is quick, fiat not so much... |
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Patel
Legendary
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Activity: 1321
Merit: 1007
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August 28, 2013, 08:38:44 PM |
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Wouldn't be easier to just lobby against bitcoin. Or to make googlecoin
There's a theory that Bitcoin actually IS Googlecoin, but that Google have not admitted to it and never will. The Google founders talked about "Google Bucks" a few years before Bitcoin was introduced. And there's a later video of Eric Schmidt from around 2011 where he says "Bitcoin is a great idea, Google looked into creating something similar but the regulatory hurdles were too much to overcome". So it's possible they went ahead anyway, but in such a way that their product couldn't be traced back to them. Not saying I believe it necessarily, but it's vaguely plausible. Not to mention one of Google's employees worked closely with Satoshi in developing Bitcoin in the early years Source: https://www.youtube.com/watch?v=mD4L7xDNCmA (First 15 seconds) |
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ElectricMucus
Legendary
Offline
Activity: 1666
Merit: 1057
Marketing manager - GO MP
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August 28, 2013, 08:44:39 PM |
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Don't send gox any money
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telemaco
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August 28, 2013, 08:52:52 PM |
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Wouldn't be easier to just lobby against bitcoin. Or to make googlecoin
There's a theory that Bitcoin actually IS Googlecoin, but that Google have not admitted to it and never will. The Google founders talked about "Google Bucks" a few years before Bitcoin was introduced. And there's a later video of Eric Schmidt from around 2011 where he says "Bitcoin is a great idea, Google looked into creating something similar but the regulatory hurdles were too much to overcome". So it's possible they went ahead anyway, but in such a way that their product couldn't be traced back to them. Not saying I believe it necessarily, but it's vaguely plausible. Not to mention one of Google's employees worked closely with Satoshi in developing Bitcoin in the early years Source: https://www.youtube.com/watch?v=mD4L7xDNCmA (First 15 seconds) Thanks for this video. Really interesting |
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ChartBuddy
Legendary
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Activity: 2184
Merit: 1778
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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August 28, 2013, 09:02:41 PM |
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Tzupy
Legendary
Offline
Activity: 2128
Merit: 1074
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August 28, 2013, 09:31:52 PM |
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BTW, 66% of my trading stash joined the "investment stash" on a paper wallet. I sold the remaining 33% at $120 and requested a withdrawal to try some arbitrage with Bitstamp... The money didn't arrived to my account yet, so after the last rally my arbitraging move isn't looking too good ATM. I don't understand this move. The best way to arbitrage is to buy bitcoins on Bitstamp and sell them on Gox, doing it the other way around like you did carries a huge amount of risk since you have to wait for the funds to arrive from Gox first. Why did you try it this way? Well, because I bought back in full between $67 and $105. My trading position was all BTC, so I had to sell on Gox before buying on Bitstamp to sell again on Gox, etc. etc. etc... Plus, the point here is to see how fast I can move fiat from Gox to Bitstamp in a recurrent way - both fiat and BTC have to move quickly for arbitrage to work. BTC is quick, fiat not so much... If your fiat arrives at Bitstamp in less than 4 weeks, you should be able to buy there at the very bottom. And if arrives in less than 2 weeks, you might be able to take advantage of the fake return to bull market. |
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notme
Legendary
Offline
Activity: 1904
Merit: 1002
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August 28, 2013, 09:49:24 PM |
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180 by last friday
This is correct if you calculate the "true" price of bitcoin. I calculate we are at true $210 right now. Gox shows price minus $50 evil whale suppression and minus $30 fed gov oppression. So in real reality, my predictions are rarely wrong $300 True Price by Friday. Guaranteed. So what will increase by $90? The price, the whale suppression, or the gov oppression? Probably a combination of all 3, but in what proportions? |
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ChartBuddy
Legendary
Offline
Activity: 2184
Merit: 1778
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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August 28, 2013, 10:02:31 PM |
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Walsoraj
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August 28, 2013, 10:03:06 PM |
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180 by last friday
This is correct if you calculate the "true" price of bitcoin. I calculate we are at true $210 right now. Gox shows price minus $50 evil whale suppression and minus $30 fed gov oppression. So in real reality, my predictions are rarely wrong $300 True Price by Friday. Guaranteed. So what will increase by $90? The price, the whale suppression, or the gov oppression? Probably a combination of all 3, but in what proportions? It is a very complicated equation, beyond your noob analysis. Just trust me on this one |
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notme
Legendary
Offline
Activity: 1904
Merit: 1002
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August 28, 2013, 10:09:57 PM |
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180 by last friday
This is correct if you calculate the "true" price of bitcoin. I calculate we are at true $210 right now. Gox shows price minus $50 evil whale suppression and minus $30 fed gov oppression. So in real reality, my predictions are rarely wrong $300 True Price by Friday. Guaranteed. So what will increase by $90? The price, the whale suppression, or the gov oppression? Probably a combination of all 3, but in what proportions? It is a very complicated equation, beyond your noob analysis. Just trust me on this one  I have a degree in Mathematics. Try me. |
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ChartBuddy
Legendary
Offline
Activity: 2184
Merit: 1778
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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August 28, 2013, 11:02:39 PM |
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solex
Legendary
Offline
Activity: 1078
Merit: 1002
100 satoshis -> ISO code
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August 28, 2013, 11:14:19 PM |
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180 by last friday
This is correct if you calculate the "true" price of bitcoin. I calculate we are at true $210 right now. Gox shows price minus $50 evil whale suppression and minus $30 fed gov oppression. So in real reality, my predictions are rarely wrong $300 True Price by Friday. Guaranteed. So what will increase by $90? The price, the whale suppression, or the gov oppression? Probably a combination of all 3, but in what proportions? It is a very complicated equation, beyond your noob analysis. Just trust me on this one I have a degree in Mathematics. Try me. No good. You will need a degree in extispicy to unravel his computations |
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notme
Legendary
Offline
Activity: 1904
Merit: 1002
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August 28, 2013, 11:19:27 PM |
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180 by last friday
This is correct if you calculate the "true" price of bitcoin. I calculate we are at true $210 right now. Gox shows price minus $50 evil whale suppression and minus $30 fed gov oppression. So in real reality, my predictions are rarely wrong $300 True Price by Friday. Guaranteed. So what will increase by $90? The price, the whale suppression, or the gov oppression? Probably a combination of all 3, but in what proportions? It is a very complicated equation, beyond your noob analysis. Just trust me on this one I have a degree in Mathematics. Try me. No good. You will need a degree in extispicy to unravel his computations  |
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xxjs
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August 28, 2013, 11:23:51 PM |
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180 by last friday
It is hopefully a very long time till last friday.  |
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Walsoraj
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August 28, 2013, 11:28:07 PM |
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notme,
I apologize for assuming your math is noobz-level. However, my calculations also involve advanced principles of physics, including quantum mechanics, etc..
Explaining would require long 100+ page essay. I don't feel like doing such.
Thanks
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crumbs
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August 28, 2013, 11:38:10 PM |
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...
No good. You will need a degree in extispicy to unravel his computations
Learn somethin' new every day. (right click->search->doh!:)) |
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adamstgBit
Legendary
Offline
Activity: 1904
Merit: 1037
Trusted Bitcoiner
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August 28, 2013, 11:40:16 PM |
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...
No good. You will need a degree in extispicy to unravel his computations
Learn somethin' new every day. ( right click->search->doh!:)) all this time i was copy pasting into a separate tab for google searches i learnt 2 things today! |
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ChartBuddy
Legendary
Offline
Activity: 2184
Merit: 1778
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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August 29, 2013, 12:02:32 AM |
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XxionxX
Sr. Member
Offline
Activity: 254
Merit: 250
Digital money you say?
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August 29, 2013, 12:06:12 AM |
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180 by last friday
This is correct if you calculate the "true" price of bitcoin. I calculate we are at true $210 right now. Gox shows price minus $50 evil whale suppression and minus $30 fed gov oppression. So in real reality, my predictions are rarely wrong $300 True Price by Friday. Guaranteed. So what will increase by $90? The price, the whale suppression, or the gov oppression? Probably a combination of all 3, but in what proportions? I would become an insta-bear if that happened and sell half of my coins. |
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adamstgBit
Legendary
Offline
Activity: 1904
Merit: 1037
Trusted Bitcoiner
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August 29, 2013, 12:09:41 AM |
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180 by last friday
This is correct if you calculate the "true" price of bitcoin. I calculate we are at true $210 right now. Gox shows price minus $50 evil whale suppression and minus $30 fed gov oppression. So in real reality, my predictions are rarely wrong $300 True Price by Friday. Guaranteed. So what will increase by $90? The price, the whale suppression, or the gov oppression? Probably a combination of all 3, but in what proportions? I would become an insta-bear if that happened and sell half of my coins. what if it was 300$ in early 2014, you be selling then? |
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