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neilol
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February 07, 2014, 12:23:20 AM |
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We might break 750 on stamp tonight  |
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empowering
Legendary
 Offline
Activity: 1078
Merit: 1441
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February 07, 2014, 12:23:36 AM |
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Hodlers and Goxers be like:  Lol... Yawwnnn.. I be like this to you Fonzie....  Nothing surprising is happening...why all the fuss... price is moving instead of staying still, get over it... da fundamentals are getting better and better everyday... this is just pantomime n happy trading times... same old same old... people are to twitchy |
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simonk83
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February 07, 2014, 12:26:50 AM |
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Hodling for life son.
Your piddly drops worry me not. Anyone selling into this needs their head examined.
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JimboToronto
Legendary
Offline
Activity: 4004
Merit: 4482
You're never too old to think young.
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February 07, 2014, 12:44:49 AM |
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Hodling for life son.
Your piddly drops worry me not. Anyone selling into this needs their head examined.
You must not be one of those leet tarders like fonzie and BANALtcoin:  |
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JorgeStolfi
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February 07, 2014, 12:45:48 AM |
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PS. Still hypothetically speaking, suppose that you own an exchange and your clients have entrusted you with 100.000 Bitcoins.
Suppose further that the Bitcoin price is 100$ and has been stable for a while.
Thus your company's current assets include a pile of bitcoins worth 10 million $. But that is a totally unproductive asset, like having a pile of cash locked in a safe.
So you decide to sell most of those coins at other exchanges and invest the money into stocks or something that will yield a return. You take care to leave a reserve in a "hot wallet" for the occasional withdrawals. You also pick an investment that can be quickly liquidated, so that you can buy back the coins you sold if the hot wallet is not enough.
But then there is a big unexpected rally, and the Bitcoin price eventually stabilizes at 800$.
Some of your clients eventually want to withdraw their bitcoins; some sell them at your exchange, for 800$, and want to withthdraw the money.
Either way, you now owe 80 M$ to your clients, but still have only 10 M$ invested in stocks...
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Wyld
Newbie
Offline
Activity: 21
Merit: 0
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February 07, 2014, 12:46:37 AM |
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Hodling for life son.
Your piddly drops worry me not. Anyone selling into this needs their head examined.
You must not be one of those leet tarders like fonzie and BANALtcoin: I'm glad I'm not the only one who reads his name that way. |
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keithers
Legendary
Offline
Activity: 1456
Merit: 1001
This is the land of wolves now & you're not a wolf
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February 07, 2014, 12:47:59 AM |
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do any of you have a target price close to where it is at now to buy more btc, or are most of you just sitting on what you currently have right now?
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ShroomsKit
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February 07, 2014, 12:49:01 AM |
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Hodling for life son.
Your piddly drops worry me not. Anyone selling into this needs their head examined.
It's not the drops that worry me. It's the fact that i don't see a reason for it to go up anymore. |
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fonzie
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February 07, 2014, 12:51:58 AM |
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PS. Still hypothetically speaking, suppose that you own an exchange and your clients have entrusted you with 100.000 Bitcoins.
Suppose further that the Bitcoin price is 100$ and has been stable for a while.
Thus your company's current assets include a pile of bitcoins worth 10 million $. But that is a totally unproductive asset, like having a pile of cash locked in a safe.
So you decide to sell most of those coins at other exchanges and invest the money into stocks or something that will yield a return. You take care to leave a reserve in a "hot wallet" for the occasional withdrawals. You also pick an investment that can be quickly liquidated, so that you can buy back the coins you sold if the hot wallet is not enough.
But then there is a big unexpected rally, and the Bitcoin price eventually stabilizes at 800$.
Some of your clients eventually want to withdraw their bitcoins; some sell them at your exchange, for 800$, and want to withthdraw the money.
Either way, you now owe 80 M$ to your clients, but still have only 10 M$ invested in stocks...
Interesting thought, please continue your contributions in here, i really like your work.  Muito Obrigado. |
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Denton
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February 07, 2014, 12:52:49 AM |
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What crash?? There's some crazy people here!
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JimboToronto
Legendary
Offline
Activity: 4004
Merit: 4482
You're never too old to think young.
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February 07, 2014, 12:54:20 AM |
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do any of you have a target price close to where it is at now to buy more btc, or are most of you just sitting on what you currently have right now?
If I had fiat in my Virtex account, I'd be buying more now, before the price skyrockets. |
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fonzie
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February 07, 2014, 12:56:37 AM |
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ChartBuddy
Legendary
Offline
Activity: 2170
Merit: 1776
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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February 07, 2014, 01:02:28 AM |
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damnek
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February 07, 2014, 01:11:37 AM |
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If mtgox doesn't have their clients' bitcoins, wouldn't that be bullish? A lot of people will not have the number of bitcoins they thought they had.
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dgarcia
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February 07, 2014, 01:20:28 AM |
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If mtgox doesn't have their clients' bitcoins, wouldn't that be bullish? A lot of people will not have the number of bitcoins they thought they had.
Ultra-Bullish! Their clients now can sell bitcoins that they don't have for money that they can't receive. Expropriation and fraud are really good things for trust. What could be more bullish? |
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BitThink
Legendary
Offline
Activity: 882
Merit: 1000
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February 07, 2014, 01:22:56 AM |
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PS. Still hypothetically speaking, suppose that you own an exchange and your clients have entrusted you with 100.000 Bitcoins.
Suppose further that the Bitcoin price is 100$ and has been stable for a while.
Thus your company's current assets include a pile of bitcoins worth 10 million $. But that is a totally unproductive asset, like having a pile of cash locked in a safe.
So you decide to sell most of those coins at other exchanges and invest the money into stocks or something that will yield a return. You take care to leave a reserve in a "hot wallet" for the occasional withdrawals. You also pick an investment that can be quickly liquidated, so that you can buy back the coins you sold if the hot wallet is not enough.
But then there is a big unexpected rally, and the Bitcoin price eventually stabilizes at 800$.
Some of your clients eventually want to withdraw their bitcoins; some sell them at your exchange, for 800$, and want to withthdraw the money.
Either way, you now owe 80 M$ to your clients, but still have only 10 M$ invested in stocks...
It's impossible to sell your most BTC in other exchanges without crashing the market. |
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biafore
Newbie
Offline
Activity: 42
Merit: 0
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February 07, 2014, 01:29:07 AM |
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There is almost no buy volume on Gox. If your on gox I would withdrawl BTC asap at least move to stamp
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glendall
Legendary
Offline
Activity: 2100
Merit: 1018
Sugars.zone | DatingFi - Earn for Posting
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February 07, 2014, 01:30:28 AM
Last edit: February 07, 2014, 02:01:04 AM by glendall |
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Gox should purcahse all of the FBI's coins in bulk.
I still don't really understand what that company was thinking. They had a golden goose, must have been making a fortune, but really screwed the pooch. Like hire another 5 customer services guys would you not, if you are profiting multi-millions a year and are the global leader (at one point).
The company leadership is either incompetent, or they did not pay the right people the right bribes are paying the price.
Anyways. Are we crashing right now?
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