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JorgeStolfi
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April 16, 2014, 08:39:35 PM |
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So Jorge can now run people through the risk of bitcoin before they purchase, he'll be like a warning disclaimer.
I read somewhere that there was a guy sitting next to a bitcoin ATM (in North America, IIRC), offering better deals than the ATM. |
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KeyserSoze
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April 16, 2014, 08:42:45 PM |
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Still bullish if nobody uses it? Yes, it is bullish.... for the companies that make parts used in the production of ATMs. |
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KeyserSoze
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April 16, 2014, 08:45:00 PM |
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So Jorge can now run people through the risk of bitcoin before they purchase, he'll be like a warning disclaimer.
I read somewhere that there was a guy sitting next to a bitcoin ATM (in North America, IIRC), offering better deals than the ATM. Perhaps you can spin this to your advantage a bit, Jorge, and after retirement you can while away your time sitting beside a Bitcoin ATM informing users of the latest Chinese exchange prices. Of course by then you will be accepting Bitcoin tips. |
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Adrian-x
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Activity: 1372
Merit: 1000
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April 16, 2014, 08:47:08 PM |
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And the (apparently) best-informed description of the Chinese bitcoin traders that I have seen was not on Coindesk or Bloomberg, but on the Christian Monitor, of all sources.
If you follow the informal meetups and presentations people give around the world, you would have known months before October that Chinese funds were poring in to Bitcoin. One cant expect the media to react to that before it was news. The only news worth noting in china will come from an official Chinese news source and it will start something like this; In the best interest of the Chinese people... My statistical analysis shows that your contributions to this tread has increased the correlation with price in China. It appears to me the price in China is irrelevant, it it is 7% or above the west I will find a way to pay suppliers via Bitcoin, if it is below I will pay suppliers in Fiat, and the free market will arbitrage the coins back. |
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Adrian-x
Legendary
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Activity: 1372
Merit: 1000
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April 16, 2014, 08:55:08 PM |
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So Jorge can now run people through the risk of bitcoin before they purchase, he'll be like a warning disclaimer.
I read somewhere that there was a guy sitting next to a bitcoin ATM (in North America, IIRC), offering better deals than the ATM. Yes it was here in Vancouver, the owner chose to hire a musician paid minimum wage to tell the ATM poachers to piss off, the coffee shop owner permitted it because he got live music. |
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JorgeStolfi
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April 16, 2014, 08:56:58 PM |
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Still bullish if nobody uses it? By the way, The former owner of MercadoBitcoin, the company that set up that ATM, was also the creator of BitcoinRain, a Brazilian ponzi that collapsed after allegedly taking some 12,000 bitcoins from investors. According to the then-owner, a hacker invaded MercadoBitcoin and stole all the BitcoinRain funds --- by COINcidence, just after they received a major withdrawal request. That person later sold MercadoBitcoin to other people, who naturally do not see themselves responsible for the losses of BitcoinRain's clients. |
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ChartBuddy
Legendary
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Activity: 2590
Merit: 2221
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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April 16, 2014, 09:00:19 PM |
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Adrian-x
Legendary
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Activity: 1372
Merit: 1000
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April 16, 2014, 09:01:14 PM |
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Still bullish if nobody uses it? By the way, The former owner of MercadoBitcoin, the company that set up that ATM, was also the creator of BitcoinRain, a Brazilian ponzi that collapsed after allegedly taking some 12,000 bitcoins from investors. According to the then-owner, a hacker invaded MercadoBitcoin and stole all the BitcoinRain funds --- by COINcidence, just after they received a major withdrawal request. That person later sold MercadoBitcoin to other people, who naturally do not see themselves responsible for the losses of BitcoinRain's clients. thanks for that I remember the incident, I never looked into it because i couldn't understand why someone would trust there Bitcoin to a untrusted 3rd party, that and it seemed far away. edit: To be honest I have noticed a lot of the motivation behind some of the innovation happening in Bitcoin is a way to launder stolen coins. |
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JorgeStolfi
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April 16, 2014, 09:03:37 PM |
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I read somewhere that there was a guy sitting next to a bitcoin ATM (in North America, IIRC), offering better deals than the ATM.
Yes it was here in Vancouver, the owner chose to hire a musician paid minimum wage to tell the ATM poachers to piss off, the coffee shop owner permitted it because he got live music. I see a great business opportunity for people who own bitcoins AND play the guitar.  |
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KeyserSoze
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April 16, 2014, 09:05:19 PM |
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Celebratory queue outside Latin America's first ever Bitcoin ATM. Apparently the government needed to helicoptor-in some water for the crowd.  The preceding image and text are merely an artist's rendering of an interpretation of a dream. It may not be founded in reality. In fact it could be construed in entirety as delirious fabrication. |
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KeyserSoze
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April 16, 2014, 09:08:07 PM |
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I read somewhere that there was a guy sitting next to a bitcoin ATM (in North America, IIRC), offering better deals than the ATM.
Yes it was here in Vancouver, the owner chose to hire a musician paid minimum wage to tell the ATM poachers to piss off, the coffee shop owner permitted it because he got live music. I see a great business opportunity for people who own bitcoins AND play the guitar. Wow, I never considered this could be an alternative career for me! |
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KFR
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April 16, 2014, 09:08:15 PM |
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Well then. Just in time for 420 too.  |
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edwardspitz
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April 16, 2014, 09:18:32 PM |
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Someone requested a wall observation, so here is one. At Kraken BTC/EUR there is a 33 buy wall (that is quite a bit on Kraken). When the price hit 374 EUR that triggered a 35 BTC dump @ market. Very strange. I think that was ment to have triggered a 35 BTC buy instead  I want to buy into that wall but I have no fiat left |
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edwardspitz
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April 16, 2014, 09:32:44 PM |
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Someone requested a wall observation, so here is one. At Kraken BTC/EUR there is a 33 buy wall (that is quite a bit on Kraken). When the price hit 374 EUR that triggered a 35 BTC dump @ market. Very strange. I think that was ment to have triggered a 35 BTC buy instead I want to buy into that wall but I have no fiat left Edit: And it is gone/bought. |
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FlyingLotus
Newbie
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Activity: 47
Merit: 0
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April 16, 2014, 09:45:49 PM |
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Someone requested a wall observation, so here is one. At Kraken BTC/EUR there is a 33 buy wall (that is quite a bit on Kraken). When the price hit 374 EUR that triggered a 35 BTC dump @ market. Very strange. I think that was ment to have triggered a 35 BTC buy instead I want to buy into that wall but I have no fiat left I've seen this happen a couple of times now, very strange to be using those orders on Kraken |
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JayJuanGee
Legendary
 Online
Activity: 4130
Merit: 12421
Self-Custody is a right. Say no to "non-custodial"
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April 16, 2014, 09:53:17 PM |
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Bye bye, my time in here is done. PBOC and J.P. Morgan finally paid the rest of the agreed salary. See you all after the top of the next bubble.  Will you be using the same user name or a different one (when you come back, that is)? |
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ErisDiscordia
Legendary
Offline
Activity: 1133
Merit: 1163
Imposition of ORder = Escalation of Chaos
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April 16, 2014, 09:53:25 PM |
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hey Jorge, there just was a 600BTC buy on Bitstamp while Huobi did nothing |
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podyx
Legendary
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Activity: 2338
Merit: 1035
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April 16, 2014, 09:54:25 PM |
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