gembitz
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August 15, 2018, 03:26:21 PM Merited by BobLawblaw (1) |
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chikun wallet building rekt ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) weeeeeee ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FUXT0yR2.jpg&t=665&c=iVwRPPfjUAHbjA)
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RivAngE
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What doesn't kill you, makes you stronger
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August 15, 2018, 03:28:36 PM |
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Um... Like I'll be accepting an IOU piece of paper to represent bitcoin. It was done on metals but I'm not so sure the people are that gullible for the same trick. Its interesting to see how ICE wants a piece of the pie. They sure as hell wont send my money to anything crypto related as I found out a couple weeks ago while trying. Ha Bullish! It already happens, though - when you short (as I am sure people here do on occasion), as you 'borrow' Bitcoin to sell. The Exchange credits or debits accordingly - but the numbers are in a database, no coins are in your personal wallet under your private key. It's not a big step for an institution to 'lend' coins it has custody over, or lend them twice and for these coins to have more than one owner. Some exchanges have done this before and some probably still do. Not all the people want all their bitcoins back at once, so there are always some spare in the cold wallet. Yes, you or I will always want to have our coins under our own key. It has always been essential for us to do so. But other investors would probably rather not. Institutions can just 'credit your account' with Bitcoin they do not actually have, as banks do with fiat all the time - thus increasing the supply of Bitcoin out there (on paper). ICE and Bakkt will be custodians of people's coins (how nice of them) and the ability of them to 'use' the coins to make money by rehypothecating them will be part of their business model. You may not be gullible, but if others accept paper custodianship, then Bitcoins can be rehypothecated and (more) Bitcoins will be bought and sold that do not exist. ICE are big enough to do this in a much bigger way and the market for Bitcoin may well become just like all the other markets. And there will be far, far more bitcoins being traded out there than actually exist. Surely this is a hypothetically scary scenario and we're all familiar how it happened with fiat but we just witnessed exactly this happen with an exchange last week no? The losses were passed on to customers as I recall. Since bitcoin has a degree of transparency in audit, if the people ever get whiff of far, far more fakecoin being traded it would create a run on the exchanges and the shady players would be outed. I think futures are the first attempt at exploring this scenario. I say let them try. I believe this will inevitably only reinforce one of the key fundamentals of BTC Its TRUST-LESS! No doubt there may be many fooled along the way until this is understood. The thing is, they can't print new BTC like they can print new dollars, so this would surely end bad... most likely for the users. And as I think you said, even if they can borrow non-existing dollars and send you these, the bank will accept them; But a wallet won't accept non-existing BTC.
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Anon136
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August 15, 2018, 03:29:22 PM |
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![Shocked](https://bitcointalk.org/Smileys/default/shocked.gif) Why smoothie? He's not a troll is he?
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leetlezee
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August 15, 2018, 03:34:40 PM |
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Here's my observation on the current price trend of Bitcoin: ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fmedia.giphy.com%2Fmedia%2F10aLCFuDxjEAN2%2Fgiphy.gif&t=665&c=Od6hZQ4UfV0YRg)
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Hueristic
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Doomed to see the future and unable to prevent it
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August 15, 2018, 03:38:54 PM |
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roach & mymenace in their absolute element trolling today. Good thing I took precautions a while back. Surrounded and outnumbered. ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) https://imgur.com/a/gXN4ERchttps://ibb.co/ifWTapAhhh dammit files too big. ![Sad](https://bitcointalk.org/Smileys/default/sad.gif) too lazy to resize and re-upload just lucky to be a hodler with not to much of shitcoins in my bag life still the same ....- playing poker as today (only very short session by to much headbanging complaining ......) -still going on many dinner evenings - still saturday evening dinner and BOOZe -^with sunday sober up day , and premier league football and greasy food -still weekly going to the movie's as seeing manie serie's and movie's @ home -still every day (6of 7) work out..... -still reading WO threat -........ -........ -And so on ...................... All of my routines still the same THATS HOW HODLERS ROLL keep on hodling keeping the patience keep leading the same hodling life only when possible buying DIPS and getting that personal BTC nr UP ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) Got a room for the next few nights myself. ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) Yup, that was definitely worth the watch. Link for you over-extended guys. https://yts.am/torrent/download/0C1726C66181A4BD29D30818E1975AD16B1462C2 and it will be unhackable once again ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fprojects.vrac.iastate.edu%2FREU2017%2Fwp-content%2Fuploads%2FInigo-Montoya-WORD-MEANS_2-300x187.jpg&t=665&c=yCt5nLeZOl7sDg) WTF is up with images? https://projects.vrac.iastate.edu/REU2017/wp-content/uploads/Inigo-Montoya-WORD-MEANS_2-300x187.jpg
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Last of the V8s
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Be a bank
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August 15, 2018, 03:46:16 PM |
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that mayor Last of the V8s Elwar Anon136 becoin jbreher jojo69 Gyrsur samson yefi bitserve DaRude Searing kromer kurious mymenace jonoiv fragout xhomerx10 strawbs Asrael999 gentlemand Torque holzer HairyMaclairy Hueristic slowlyslowly RayX12 JayJuanGee criptix LFC_Bitcoin BTCMILLIONAIRE bones261 RoomBot BobLawblaw gembitz Raja_MBZ Millionero ivomm 33bitcoin Aveatrex Phil_S Ludwig Von Icygreen josephpogi micgoossens goldkingcoiner realr0ach diesmaster kirreev070 serveria.com leetlezee RivAngE BTCHadzija asiwajuadejumo
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jojo69
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diamond-handed zealot
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August 15, 2018, 03:48:21 PM |
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![Shocked](https://bitcointalk.org/Smileys/default/shocked.gif) Why smoothie? He's not a troll is he? honestly don't remember, I get pretty grumpy sometimes and I ain't got time to spend angry
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RejectedBanana
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I am a banana.
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Yawn. Still sideways. Meanwhile, a new batch of public comments to the SEC have been posted regarding Cboe et al ETF. https://www.sec.gov/comments/sr-cboebzx-2018-040/cboebzx2018040.htmThe Negative Nancies are starting to appear: In a world where making a daily living is hard enough, how can you in good conscience, allow a speculative/scam instrument like Bitcoin to exist let alone approve an ETF. Blockchain has its merits but Coins are nothing more than a digital scam which is robbing people of their hard earned money and enabling speculative fervor. You must crack down on this so called 'currency' and make stringent rules on its existence. Thank you for your consideration I strongly oppose allowing the listing of the Bitcoin ETF. Bitcoin is a pure speculation vehicle with no traditional value or commercial/industrial use. It has no fundamentals, is exceptionally volatile and is easily manipulated due to poor market liquidity and no market regulation. A CBOE listed ETF that is proposing to be a passive Bitcoin holding vehicle is nothing more than trying to get a broader pool of investors involved in something that would never be allowed for listing on a regulated stock exchange if it was a company. This proposal most likely exists at all to draw additional money into the Bitcoin "ecosystem" as it is commonly called, essentially transferring risk from current market participants to newcomers who otherwise would not know how to get involved or would be prohibited by regulation or governance ethics from doing so. Additionally, much of the purported size of Bitcoin is an illusion, with "market cap" as reported on private websites such as Coinmarketcap.com taking all coins ever in existence multiplied by an average of the last traded price in dollars. Volume is commonly reported as all Bitcoins traded in dollar value even if, as is the case, most of them did not trade against hard currency at all, instead trading against other cryptocurrencies or Tether, a purported 1:1: USD backed cryptocurrency that has been used to artificially pump the price and is more comparable to counterfeit money. [...snip (he goes on)...]This anti-ETF guy included supposed manipulation charts: https://www.sec.gov/comments/sr-cboebzx-2018-040/srcboebzx2018040-4190297-172697.pdfThis pro-ETF lady cries foul on SEC claims of price manipulation: https://www.sec.gov/comments/sr-cboebzx-2018-040/srcboebzx2018040-4185567-172649.pdfBack to hibernation.
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Anon136
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August 15, 2018, 03:53:06 PM |
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Here's my observation on the current price trend of Bitcoin: ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fmedia.giphy.com%2Fmedia%2F10aLCFuDxjEAN2%2Fgiphy.gif&t=665&c=Od6hZQ4UfV0YRg) In other words, the next 24 hours are critical?
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JimboToronto
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You're never too old to think young.
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August 15, 2018, 03:55:43 PM Last edit: August 15, 2018, 04:26:44 PM by JimboToronto |
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Good morning Bitcoinland. Long time no see.
Got flooded last week and I've been busy cleaning up and sorting out the water-damaged from the salvageable. Barely got to take off enough time for a dinner date and concert on Saturday. ZZ Top blew away both 38 Special and the tribute band calling themselves Lynyrd Skynyrd (only 1 original member).
While we've had a few ups and downs over the past week we're still pretty much where we were a week ago... currently $6475USD/$8530CAD (Bitcoinaverage).
Hopefully we're back on the rise again. I wanna see at least 5 digits by the time I have to sell some coin in November to pay for my next round of dental surgery in Mexico.
Go Bitcoin go.
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leetlezee
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August 15, 2018, 04:09:05 PM |
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The Negative Nancies are starting to appear: I'm a little confused by your quotes. Maybe my browser's anti-idiot filter is acting up again?
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Last of the V8s
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Be a bank
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August 15, 2018, 04:16:55 PM |
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leetlezee
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August 15, 2018, 04:25:43 PM |
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bitebits
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Flippin' burgers since 1163.
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August 15, 2018, 04:29:47 PM |
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Bob, when a short gets called, how can those kind of dollar amounts buy bitcoins at a specific market price (instead of considerable slippage)?
Or is it a forced market buy for $2,554,207 when the bitcoin price exceeded $6,607.5 (first example)? How would the shorter then guarantee it can pay back all the bitcoins lent?
(not a trader as you might have noticed)
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Spaceman_Spiff_Original
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that mayor Last of the V8s Elwar Anon136 becoin jbreher jojo69 Gyrsur samson yefi bitserve DaRude Searing kromer kurious mymenace jonoiv fragout xhomerx10 strawbs Asrael999 gentlemand Torque holzer HairyMaclairy Hueristic slowlyslowly RayX12 JayJuanGee criptix LFC_Bitcoin BTCMILLIONAIRE bones261 RoomBot BobLawblaw gembitz Raja_MBZ Millionero ivomm 33bitcoin Aveatrex Phil_S Ludwig Von Icygreen josephpogi micgoossens goldkingcoiner realr0ach diesmaster kirreev070 serveria.com leetlezee RivAngE BTCHadzija asiwajuadejumo Your list contains some of the more interesting persons on this forum imho...
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Spaceman_Spiff_Original
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August 15, 2018, 04:37:36 PM |
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Bob, when a short gets called, how can those kind of dollar amounts buy bitcoins at a specific market price (instead of considerable slippage)?
Or is it a forced market buy for $2,554,207 when the bitcoin price exceeded $6,607.5 (first example)? How would the shorter then guarantee it can pay back all the bitcoins lent?
(not a trader as you might have noticed)
They don't, they always get bought at market prices. That's why you have (a safety) margin as a buffer. Depending on the rules of your platform, you might have some funds left after getting margin called. EDIT: If volatility is larger than anticipated, and liquidity is low, there might be insufficient margin, so exchange platforms might have to freeze trading, cough up funds themselves, or socialize the losses to other (winning) traders.
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goldkingcoiner
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Verified Bitcoin Hodler
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August 15, 2018, 04:38:55 PM Last edit: August 15, 2018, 04:53:03 PM by goldkingcoiner |
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that mayor Last of the V8s Elwar Anon136 becoin jbreher jojo69 Gyrsur samson yefi bitserve DaRude Searing kromer kurious mymenace jonoiv fragout xhomerx10 strawbs Asrael999 gentlemand Torque holzer HairyMaclairy Hueristic slowlyslowly RayX12 JayJuanGee criptix LFC_Bitcoin BTCMILLIONAIRE bones261 RoomBot BobLawblaw gembitz Raja_MBZ Millionero ivomm 33bitcoin Aveatrex Phil_S Ludwig Von Icygreen josephpogi micgoossens goldkingcoiner realr0ach diesmaster kirreev070 serveria.com leetlezee RivAngE BTCHadzija asiwajuadejumo So salty. Must be hard on you, being so full of salt. Morton Salt is envious of your salt deposits.
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leetlezee
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August 15, 2018, 04:43:06 PM |
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Bob, when a short gets called, how can those kind of dollar amounts buy bitcoins at a specific market price (instead of considerable slippage)?
Or is it a forced market buy for $2,554,207 when the bitcoin price exceeded $6,607.5 (first example)? How would the shorter then guarantee it can pay back all the bitcoins lent?
(not a trader as you might have noticed)
They don't, they always get bought at market prices. That's why you have (a safety) margin as a buffer. Depending on the rules of your platform, you might have some funds left after getting margin called. That's probably one of the major factors helping propel the BTC price up right now. BTC price rises enough to trigger margin call, now more BTC has to be bought to cover shorts, potentially triggering different margin calls.
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Last of the V8s
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August 15, 2018, 04:44:18 PM Merited by BobLawblaw (5) |
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Your list contains some of the more interesting persons on this forum imho... agreed. No i was just being a complete merit whore as Gyrsur was handing them out (Thanks Gyrsur! edit: thanks others!) left right and centre. I temporally ignored everyone on the last few pages, whether I normally read them or not, for a joke.
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