Last of the V8s
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Activity: 1652
Merit: 4392
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
Legendary
Online
Activity: 3220
Merit: 4387
diamond-handed zealot
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August 15, 2018, 03:48:21 PM |
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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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Activity: 406
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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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Merit: 1217
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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: In other words, the next 24 hours are critical?
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JimboToronto
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Activity: 4060
Merit: 4648
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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Activity: 232
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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
Legendary
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Activity: 1652
Merit: 4392
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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Merit: 3345
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
Member
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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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Be a bank
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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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Hueristic
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Activity: 3864
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Doomed to see the future and unable to prevent it
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August 15, 2018, 04:49:13 PM |
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Hmmm talk on Twitter of a monster hidden buy wall on BFX @ $6300.
I hope y’all are wearing a belt. Maybe do it up a notch tighter just in case.
He's bought around 5k coins by now and is single-handedly holding up the price. Hidden walls cost more in fees. Confident non-stop accumulation by bot-rape. Bullish af. Not if they are insider printed tethers. Just saying. Since I think it's printed fiat trying to force CBOE shorts to be a self fulfilling prophecy I figure printed tethers are just a counter balance. Is everyone on everyone else's ignore list over here? The fuck happened during my brief absence?
HAH, should kept quite! Now you're on somebodies list! Me too!
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bones261
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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)
The tweets track margins getting liquidated at Bitmex. Bitmex trading is really Bitcoin settled derivatives on Bitmex. When the market moves enough on Bitmex, the shorter is forced to buy longs on Bitmex to cover their margin. The margin on Bitmex can be any amount between 1x and 100x. In reality, the person who was forced to buy $2,554,207 to cover his margin and get liquidated, probably only lost a 100th of that or a 50th of that. Depends on how big of a margin they were betting. 100x short margins are liquidated when the market goes up about 1%. 50x margin is liquidated at about 2% rise.
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Anon136
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August 15, 2018, 05:02:31 PM |
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HAH, should kept quite! Now you're on somebodies list! Me too! I don't think you need worry about that. We are all on roaches crypto-jew list.
On a more on topic note. Look at this. https://coinmarketcap.com/charts/#dominance-percentage now that chart is a beautiful sight. We all know the number but look at the picture. It's vertical.
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Hueristic
Legendary
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Activity: 3864
Merit: 5079
Doomed to see the future and unable to prevent it
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August 15, 2018, 05:08:12 PM |
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HAH, should kept quite! Now you're on somebodies list! Me too! I don't think you need worry about that. We are all on roaches crypto-jew list.
On a more on topic note. Look at this. https://coinmarketcap.com/charts/#dominance-percentage now that chart is a beautiful sight. We all know the number but look at the picture. It's vertical.
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