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mccoyspace
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October 18, 2013, 07:39:40 PM |
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interest rates to borrow usd are sky high just now on bitfinex.
300%!!
wha? you can short USD? you lend your USD to traders at wtv % interest you want. no one is lending right now... thats why its 300% interest, i guess its because the bulls exhausted the USD, everyone is long. i would be happy to lend $ at that rate... Loans at those rates don't last long. At best you might get a day or two |
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adamstgBit
Legendary
 Offline
Activity: 1904
Merit: 1037
Trusted Bitcoiner
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October 18, 2013, 07:41:04 PM |
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interest rates to borrow usd are sky high just now on bitfinex.
300%!!
wha? you can short USD? you lend your USD to traders at wtv % interest you want. no one is lending right now... thats why its 300% interest, i guess its because the bulls exhausted the USD, everyone is long. i would be happy to lend $ at that rate... Loans at those rates don't last long. At best you might get a day or two you mean poeple actually take the loan  |
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notme
Legendary
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Activity: 1904
Merit: 1002
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October 18, 2013, 07:42:16 PM |
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interest rates to borrow usd are sky high just now on bitfinex.
300%!!
wha? you can short USD? you lend your USD to traders at wtv % interest you want. no one is lending right now... thats why its 300% interest, i guess its because the bulls exhausted the USD, everyone is long. This is a bearish signal, suggesting the run-up is extended. Bitcoin kills bears for breakfast though so don't think I am recommending anything. Bearish divergences on most timeframes as well. Momentum/volume just isn't there. So you think the sellers will stampede to the exchanges soon? I don't trade short term. I'm not giving trading advice. I'm just saying I wouldn't be surprised if this was an ending move for the longer term rally off $65. However, I've been around bitcoin long enough to know it could also double from here. |
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mccoyspace
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October 18, 2013, 07:54:36 PM |
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interest rates to borrow usd are sky high just now on bitfinex.
300%!!
wha? you can short USD? you lend your USD to traders at wtv % interest you want. no one is lending right now... thats why its 300% interest, i guess its because the bulls exhausted the USD, everyone is long. i would be happy to lend $ at that rate... Loans at those rates don't last long. At best you might get a day or two you mean poeple actually take the loan I don't! But somebody who thinks the price is going up 1% a day does. |
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DougTanner
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October 18, 2013, 07:54:55 PM |
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Someone asked for $166?   |
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capsqrl
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October 18, 2013, 07:55:40 PM |
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29250 BTC for sale right now, lowest it's been in … ages? Also, new 6-month high.
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adamstgBit
Legendary
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Activity: 1904
Merit: 1037
Trusted Bitcoiner
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October 18, 2013, 07:57:17 PM |
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29250 BTC for sale right now, lowest it's been in … ages? Also, new 6-month high.
clearly it will fly away very soon |
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ChartBuddy
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Activity: 2170
Merit: 1776
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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October 18, 2013, 08:01:59 PM |
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SheHadMANHands
Legendary
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Activity: 1168
Merit: 1000
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October 18, 2013, 08:02:52 PM |
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29250 BTC for sale right now, lowest it's been in … ages? Also, new 6-month high.
clearly it will fly away very soon Volume will keep dropping, relative to other exchanges, and it'll have less and less influence on the market. It will stay x% over Stamp. |
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SheHadMANHands
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Activity: 1168
Merit: 1000
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October 18, 2013, 08:05:23 PM |
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This is a bearish signal, suggesting the run-up is extended.
Bitcoin kills bears for breakfast though so don't think I am recommending anything.
I'm not sure how you can conclude that. All we can conclude is that many people have gone long on bitcoin recently. It's not like there was $1,000,000's available on loan on Bitfinex. The USD available will dry up very quickly, from just a few people. They're not that big a site. |
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adamstgBit
Legendary
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Activity: 1904
Merit: 1037
Trusted Bitcoiner
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October 18, 2013, 08:05:46 PM |
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29250 BTC for sale right now, lowest it's been in … ages? Also, new 6-month high.
clearly it will fly away very soon Volume will keep dropping, relative to other exchanges, and it'll have less and less influence on the market. It will stay x% over Stamp. mtgox, ya for sure price is going up in a parabolic fashion on gox what should we do? |
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SheHadMANHands
Legendary
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Activity: 1168
Merit: 1000
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October 18, 2013, 08:08:09 PM |
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what should we do?
The answer, sir, is always buy. Just not on Gox.  |
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adamstgBit
Legendary
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Activity: 1904
Merit: 1037
Trusted Bitcoiner
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October 18, 2013, 08:10:04 PM |
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what should we do?
The answer, sir, is always buy. Just not on Gox. oh boy, this might get more out of control then i though... |
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AceWallen
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October 18, 2013, 08:12:11 PM |
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Just a few hundred more BTC to break 167! lets gogogo!
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justusranvier
Legendary
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Activity: 1400
Merit: 1009
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October 18, 2013, 08:13:13 PM |
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price is going up in a parabolic fashion on gox what should we do?
I wonder if it's that Bitcoin is going up in a parabolic fashion, or if people are losing faith in fiat currencies in a parabolic fashion? |
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mccorvic
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October 18, 2013, 08:16:41 PM |
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price is going up in a parabolic fashion on gox what should we do?
I wonder if it's that Bitcoin is going up in a parabolic fashion, or if people are losing faith in fiat currencies in a parabolic fashion? More likely the latter. There are a lot more people out there who are acceptable to the idea of bitcoin before losing faith in fiats. The two ideas are not mutually exclusive. When we reach a saturation of the world popularity with acceptance of bitcoin then we can discuss other reasons for price increases. I have always felt that most price increase in bitcoin has been due to increasing acceptance. Crashes, on the other hand, can be tied to very specific events  |
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ardana123
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October 18, 2013, 08:27:11 PM |
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price is going up in a parabolic fashion on gox what should we do?
I wonder if it's that Bitcoin is going up in a parabolic fashion, or if people are losing faith in fiat currencies in a parabolic fashion? It's like it is always, just plain ol' greed. People buying because they think everyones bullish. |
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knight22
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Activity: 1372
Merit: 1000
--------------->¿?
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October 18, 2013, 08:43:47 PM |
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price is going up in a parabolic fashion on gox what should we do?
I wonder if it's that Bitcoin is going up in a parabolic fashion, or if people are losing faith in fiat currencies in a parabolic fashion? It's like it is always, just plain ol' greed. People buying because they think everyones bullish. Maybe time has already come for another bubble? |
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adamstgBit
Legendary
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Activity: 1904
Merit: 1037
Trusted Bitcoiner
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October 18, 2013, 08:44:40 PM |
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