JayJuanGee
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March 18, 2014, 04:29:30 PM |
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Greetings from my latest journey to S-E-Asia. A full Bitcoin sponsored trip(shorting profits ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) )stuffed with a huge package of Acid bought with BTC. ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) I just wanted to let you know that i´m still bullish about BTC after i talked to the local bulls over here, altough it might take a few days until they will fully attack. ![](https://ip.bitcointalk.org/?u=http%3A%2F%2Fi58.tinypic.com%2F2hnyuef.jpg&t=665&c=N0hdcYNOC2SiWA) ![](https://ip.bitcointalk.org/?u=http%3A%2F%2Fi62.tinypic.com%2F2vvqq9u.jpg&t=665&c=E-oQPufxuDSnxQ) If you could please pump it to about 900$ that would be awesome See you soon ![Cool](https://bitcointalk.org/Smileys/default/cool.gif) IS that you? Also: That "bull" does NOT appear to have the proper bull equipment.
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cee-euros
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March 18, 2014, 04:32:24 PM |
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Sold!!!!! At 609, 500$ commission to bitstamp- holla
Nice, you killed the harvester Let us know when you're going back in though
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mah87
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March 18, 2014, 04:33:34 PM |
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stupid bull... ready for the big plunge ?
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JorgeStolfi
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March 18, 2014, 04:33:53 PM |
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What that "100% backed in BTC" promise means is that, for each share held by investors, BIT will keep 0.1 BTC in its posession. It does not mean that BIT must sell those BTC when the investor liquidates; if BIT has cash reserves, it can just pay the investor from those and keep the corresponding BTCs as reserve instead. That would not violate the "100% backed by BTC" promise to other investors, on the contrary.
(The whole point of the trust is to insulate the investors from the BTC trading that BIT must do to honor BIT's part of the contract.)
I don't think so, because they do not have other source of USD. All USD from investors (with fee deducted) were spent on buying real BTC. Therefore, they have to sell the BTC if investors request for USD simply because they shouldn't have extra USD to pay Perhaps. The fund seems to be rather opaque at this point. Even if they have surplus in USD, paying out USD without selling BTC is equivalent to BIT itself investing in BTC. If they really want to do so, they can buy BTC from the open market at any time.
My point was that they could lower the BTC market price temporarily so as to reduce the money they must pay to the liquidating investors. Then they lift the market price again and only THEN sell the coins corresponding to the liquidated shares (slowly, or off-market), thus making a nice profit. This could work only because their BTC holdings are large compared to the market's liquidity (I think). I believe that BIT has the means and stated intention of being flexible in their trading of bitcoins. If they have some extra BTC reserve, they can accept a new investment immediately, backing it with their reserve, and later replenish the reserve at the best price they can. Similarly for liquidation.
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adamstgBit
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March 18, 2014, 04:34:14 PM |
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stupid bull... ready for the big plunge ? always ![Cool](https://bitcointalk.org/Smileys/default/cool.gif)
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barbs
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March 18, 2014, 04:34:29 PM |
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Sold!!!!! At 609, 500$ commission to bitstamp- holla
Nice, you killed the harvester Let us know when you're going back in though Wasn't me but I also like it when the harvester gets dumped on. Nice work whoever that was.
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cee-euros
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March 18, 2014, 04:37:37 PM |
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Sold!!!!! At 609, 500$ commission to bitstamp- holla
Nice, you killed the harvester Let us know when you're going back in though Wasn't me but I also like it when the harvester gets dumped on. Nice work whoever that was. One for the trophy cabinet
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JayJuanGee
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Self-Custody is a right. Say no to"Non-custodial"
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March 18, 2014, 04:37:51 PM |
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Btw while btc is bleeding in the street - love these posts by people who sold off to bagholders flashing cash and mansions.
So much for the dream between you guys and karplese I don't know who to thank more ;-)
First: BTC is NOT bleeding in the streets... far from it.. BTC is thriving... if you look beyond the last three months... and the uptrend is likley to continue. Second: Sounds as if you are spreading this FUD about ponzi scheme... as if the first investors are running off - as if that were some common theme. So what if some people are cashing out and so what if some people got in earlier than others... current investors have to consider the continued upside potential rather than being obsessed that some people may have made more money than they made...
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gizmoh
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March 18, 2014, 04:38:59 PM |
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It is just a matter of time before we are back in the black.... anywhere between a day and 2 months... - hopefully, it will NOT take 2 months to get back in the black, though.... ![Huh](https://bitcointalk.org/Smileys/default/huh.gif) What does that even mean... Crossing fingers hoping the fad can hype up again!
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solarflare
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March 18, 2014, 04:40:02 PM |
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1d and 4h charts: ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FeDxC5AZ.png&t=665&c=d1ROnKaUWaNkAQ)
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JayJuanGee
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Self-Custody is a right. Say no to"Non-custodial"
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March 18, 2014, 04:44:07 PM |
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Sold!!!!! At 609, 500$ commission to bitstamp- holla
Good luck in your future endeavors outside of BTC.... b/c this train, ship, rocket, dinosaur, is leaving the station soon...
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adsdas
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https://streamies.io/
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March 18, 2014, 04:45:09 PM |
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What will happen to btc once ltc explodes?
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arepo
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this statement is false
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March 18, 2014, 04:47:16 PM |
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1d and 4h charts: ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FeDxC5AZ.png&t=665&c=d1ROnKaUWaNkAQ) and there you have the fractal nature of price... it's almost unbelievable, isn't it?
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mah87
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March 18, 2014, 04:49:19 PM |
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and there you have the fractal nature of price... it's almost unbelievable, isn't it?
it's dumb. SO DUMB. http://en.wikipedia.org/wiki/Numerology
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dreamspark
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March 18, 2014, 04:49:23 PM |
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Can anyone remember the last time the bidsum was below $10 million. I know its not a great technical indicator etc but I think its an indicator that people are less willing to leave funds on exchanges and in particular fiat.
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adamstgBit
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March 18, 2014, 04:49:57 PM |
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What will happen to btc once ltc explodes?
everyone will trade cheap BTC for expensive LTC?
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arepo
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this statement is false
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March 18, 2014, 04:51:42 PM |
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self-similarity in the price function is a measurable and consistent property. numerology is pareidolia.
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JorgeStolfi
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March 18, 2014, 04:51:56 PM |
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It is already March 19 in China, but maybe LTC trading will start only at 14:00 CST (March 19 06:00 UTC). That is what I could barely decipher from Google Translate's output: https://www.huobi.com/topic/index.php?a=ltcshangxian"lái tè" 莱特 I suppose is a phonetic imitation of "Lite" (and also of the name "Wright"); Litecoin would be "lái tè bì" 莱特币 then, as in "Huǒ bì" 火币 = "Hot coin" or "Fiery coin"
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JayJuanGee
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Self-Custody is a right. Say no to"Non-custodial"
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March 18, 2014, 04:52:18 PM |
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It is just a matter of time before we are back in the black.... anywhere between a day and 2 months... - hopefully, it will NOT take 2 months to get back in the black, though.... ![Huh](https://bitcointalk.org/Smileys/default/huh.gif) What does that even mean... Crossing fingers hoping the fad can hype up again! A little more than substance and fundamentals than mere "hoping"... but that is the general idea.... anticipation of a likely future result.. somewhere between 1 day(which seems pretty unlikely at the moment) to 2 month (which seems pretty likely and NOT likely to have to wait a whole 2 months) return to prices greater than $685. Thereafter, likely, this year we are going to have another ATH... summer-ish is anticipated.... but may take a little longer...
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Nicholas-Carraway
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March 18, 2014, 04:54:04 PM |
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What will happen to btc once ltc explodes?
Please define "explode." Thank you.
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