macsga
Legendary
Offline
Activity: 1484
Merit: 1002
Strange, yet attractive.
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 18, 2014, 12:37:52 AM |
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And not a single hairy, male bottom. ![Sad](https://bitcointalk.org/Smileys/default/sad.gif) WE BTCThere you go ![Grin](https://bitcointalk.org/Smileys/default/grin.gif)
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WeltMaster
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 18, 2014, 12:43:21 AM |
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Where'd all the sellers go ![Huh](https://bitcointalk.org/Smileys/default/huh.gif) Not seen a 10+ market sell on gox in about half an hour.
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byronbb
Legendary
Offline
Activity: 1414
Merit: 1000
HODL OR DIE
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 18, 2014, 12:44:19 AM |
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I thought too much shorting hurt the price in the long run? ![Huh](https://bitcointalk.org/Smileys/default/huh.gif) Shorts always have to cover eventually, unless it goes to zero, which is obviously impossible. Moreover, unlike futures markets, shorting BTC by proxy does not increase the BTC float. The more the Winklefloss gets shorted, the more demand there is for Winklefloss, and the more BTC they buy, removing it from the market. Only redemptions (if the fund allows them) can free those coins to float on an exchange. What I dont understand is how the SEC will approve this when the underlying market is a shady Chinese exchange, a shady Russian exchange, a shady Japanese exchange, and Bitstamp (less shady but still in Slovenia).
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seriouscoin
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 18, 2014, 12:49:36 AM |
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I thought too much shorting hurt the price in the long run? ![Huh](https://bitcointalk.org/Smileys/default/huh.gif) Shorts always have to cover eventually, unless it goes to zero, which is obviously impossible. Moreover, unlike futures markets, shorting BTC by proxy does not increase the BTC float. The more the Winklefloss gets shorted, the more demand there is for Winklefloss, and the more BTC they buy, removing it from the market. Only redemptions (if the fund allows them) can free those coins to float on an exchange. What I dont understand is how the SEC will approve this when the underlying market is a shady Chinese exchange, a shady Russian exchange, a shady Japanese exchange, and Bitstamp (less shady but still in Slovenia). Get off your high horse , american....? Name me one US Bitcoin exchange thats any better? Calling foreign exchanges shady because they're not in US? STFU already. Is Tradehill better for you? Oh and what about mining manufacture? Hashfast and BFL are what you're craving about?
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byronbb
Legendary
Offline
Activity: 1414
Merit: 1000
HODL OR DIE
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 18, 2014, 12:53:36 AM |
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I thought too much shorting hurt the price in the long run? ![Huh](https://bitcointalk.org/Smileys/default/huh.gif) Shorts always have to cover eventually, unless it goes to zero, which is obviously impossible. Moreover, unlike futures markets, shorting BTC by proxy does not increase the BTC float. The more the Winklefloss gets shorted, the more demand there is for Winklefloss, and the more BTC they buy, removing it from the market. Only redemptions (if the fund allows them) can free those coins to float on an exchange. What I dont understand is how the SEC will approve this when the underlying market is a shady Chinese exchange, a shady Russian exchange, a shady Japanese exchange, and Bitstamp (less shady but still in Slovenia). Get off your high horse , american....? Name me one US Bitcoin exchange thats any better? Calling foreign exchanges shady because they're not in US? STFU already. Is Tradehill better for you? Oh and what about mining manufacture? Hashfast and BFL are what you're craving about? WAT? Seriously. BTCE isnt shady?? No one even knows the people who RUN IT. Gox has proven to be a total joke, and the Chinese exchanges are running on technical loopholes in defiance of their government with zero trade fees. As for Slovenia the banking industry is shaky. SO GTFO euro scum.
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Kouye
Sr. Member
![*](https://bitcointalk.org/Themes/custom1/images/star.gif) ![*](https://bitcointalk.org/Themes/custom1/images/star.gif) ![*](https://bitcointalk.org/Themes/custom1/images/star.gif)
Offline
Activity: 336
Merit: 250
Cuddling, censored, unicorn-shaped troll.
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 18, 2014, 12:57:45 AM |
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WE BTCThere you go ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) That looks more like back(ing force) than consecutive bottoms. Plus, that's hardly hairy.
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fotosonics
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 18, 2014, 12:59:12 AM |
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I thought too much shorting hurt the price in the long run? ![Huh](https://bitcointalk.org/Smileys/default/huh.gif) Shorts always have to cover eventually, unless it goes to zero, which is obviously impossible. Moreover, unlike futures markets, shorting BTC by proxy does not increase the BTC float. The more the Winklefloss gets shorted, the more demand there is for Winklefloss, and the more BTC they buy, removing it from the market. Only redemptions (if the fund allows them) can free those coins to float on an exchange. What I dont understand is how the SEC will approve this when the underlying market is a shady Chinese exchange, a shady Russian exchange, a shady Japanese exchange, and Bitstamp (less shady but still in Slovenia). Get off your high horse , american....? Name me one US Bitcoin exchange thats any better? Calling foreign exchanges shady because they're not in US? STFU already. Is Tradehill better for you? Oh and what about mining manufacture? Hashfast and BFL are what you're craving about? WAT? Seriously. BTCE isnt shady?? No one even knows the people who RUN IT. Gox has proven to be a total joke, and the Chinese exchanges are running on technical loopholes in defiance of their government with zero trade fees. As for Slovenia the banking industry is shaky. SO GTFO euro scum. Murican here. Excuse me but isn't bitcoin here at least in part because every banking industry is shaky? And now for your entertainment. The Fall of Proudhon http://www.grapheine.com/bombaytv/webdesign-en-b01792ed4e58814429d58c8a842e2f0b.html
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macsga
Legendary
Offline
Activity: 1484
Merit: 1002
Strange, yet attractive.
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 18, 2014, 01:11:50 AM |
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WE BTCThere you go ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) That looks more like back(ing force) than consecutive bottoms. Plus, that's hardly hairy. That's irrelevant. It still stands as legit TA. CCMF!
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notme
Legendary
Offline
Activity: 1904
Merit: 1002
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 18, 2014, 01:11:54 AM |
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I thought too much shorting hurt the price in the long run? ![Huh](https://bitcointalk.org/Smileys/default/huh.gif) Shorting is a neutral activity. When you short, you sell now and have to buy back in later within the amount of time you're able to borrow the underlying commodity. The media loves to jump all over shorters because short selling, like any selling, can push the price down. Those same sellers are forced to buy back in though, potentially causing a bounce or creating a bottom, reversing the initial price movement. Traders like me love the ability to short because it allows you to profit regardless of which direction the market is moving. The only thing that matters then is the percentage that the price is moving whether up or down because that is your potential profit. Market looks strong -> buy Market looks weak -> short. Shorting is only helpful when it is profitable. If the shorters are incorrect, it leads to a short squeeze which adds volatility. True. Some people like volatility though. Isn't that why we're all investing in Bitcoin and not General Motors? I'm in bitcoin because I think it is a revolutionary, freedom enabling, decentralized currency. I accept that volatility will likely exist in the exchange rate, but that's not why I'm here.
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seriouscoin
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 18, 2014, 01:20:14 AM |
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I thought too much shorting hurt the price in the long run? ![Huh](https://bitcointalk.org/Smileys/default/huh.gif) Shorts always have to cover eventually, unless it goes to zero, which is obviously impossible. Moreover, unlike futures markets, shorting BTC by proxy does not increase the BTC float. The more the Winklefloss gets shorted, the more demand there is for Winklefloss, and the more BTC they buy, removing it from the market. Only redemptions (if the fund allows them) can free those coins to float on an exchange. What I dont understand is how the SEC will approve this when the underlying market is a shady Chinese exchange, a shady Russian exchange, a shady Japanese exchange, and Bitstamp (less shady but still in Slovenia). Get off your high horse , american....? Name me one US Bitcoin exchange thats any better? Calling foreign exchanges shady because they're not in US? STFU already. Is Tradehill better for you? Oh and what about mining manufacture? Hashfast and BFL are what you're craving about? WAT? Seriously. BTCE isnt shady?? No one even knows the people who RUN IT. Gox has proven to be a total joke, and the Chinese exchanges are running on technical loopholes in defiance of their government with zero trade fees. As for Slovenia the banking industry is shaky. SO GTFO euro scum. Oh so is there any US exchange thats any better? Actually Tradehill was a straight out scam.
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adamstgBit
Legendary
Offline
Activity: 1904
Merit: 1037
Trusted Bitcoiner
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 18, 2014, 01:20:36 AM |
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btw i have moved from a sophisticated strategy (buy on Monday and sell on Friday) to watching Adam's post of BUY BUY BUY or SELL SELL SELL.... i hate to use this " if i can do it, you can do it" BUY BUY BUY ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) SELL SELL SELL lmao
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Davyd05
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 18, 2014, 01:22:28 AM |
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let say 850 low for the day on gox, with a super bounce off it D: ttyl
damm we didn't even make 850 did we... oh well bounce harder than this please
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macsga
Legendary
Offline
Activity: 1484
Merit: 1002
Strange, yet attractive.
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 18, 2014, 01:23:13 AM |
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btw i have moved from a sophisticated strategy (buy on Monday and sell on Friday) to watching Adam's post of BUY BUY BUY or SELL SELL SELL.... i hate to use this " if i can do it, you can do it" BUY BUY BUY ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) SELL SELL SELL lmao WHAT? Don't listen to Adam! He's only here for the DOGE! Much troll. Such lol! ![Roll Eyes](https://bitcointalk.org/Smileys/default/rolleyes.gif)
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adamstgBit
Legendary
Offline
Activity: 1904
Merit: 1037
Trusted Bitcoiner
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 18, 2014, 01:25:16 AM |
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btw i have moved from a sophisticated strategy (buy on Monday and sell on Friday) to watching Adam's post of BUY BUY BUY or SELL SELL SELL.... i hate to use this " if i can do it, you can do it" BUY BUY BUY ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) SELL SELL SELL lmao WHAT? Don't listen to Adam! He's only here for the DOGE! Much troll. Such lol! ![Roll Eyes](https://bitcointalk.org/Smileys/default/rolleyes.gif) this is true.
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MAbtc
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 18, 2014, 01:26:43 AM |
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Oh so is there any US exchange thats any better? Actually Tradehill was a straight out scam.
I'm from the US. I wouldn't touch Coinbase with a barge pole.
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macsga
Legendary
Offline
Activity: 1484
Merit: 1002
Strange, yet attractive.
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 18, 2014, 01:27:47 AM |
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adamstgBit
Legendary
Offline
Activity: 1904
Merit: 1037
Trusted Bitcoiner
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 18, 2014, 01:28:29 AM |
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Oh so is there any US exchange thats any better? Actually Tradehill was a straight out scam.
I'm from the US. I wouldn't touch Coinbase with a barge pole. but but bloomberg recommends Coinbase
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macsga
Legendary
Offline
Activity: 1484
Merit: 1002
Strange, yet attractive.
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 18, 2014, 01:31:56 AM |
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I think I'll call it a day. Feel free to CCMF without me, will bitch at you in the morning. Cheers. ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
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adamstgBit
Legendary
Offline
Activity: 1904
Merit: 1037
Trusted Bitcoiner
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 18, 2014, 01:38:51 AM |
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ChartBuddy
Legendary
Offline
Activity: 2268
Merit: 1792
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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![](https://bitcointalk.org/Themes/custom1/images/post/lamp.gif) |
January 18, 2014, 02:02:42 AM |
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