MatTheCat
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June 21, 2014, 02:22:01 PM |
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Yes. And stop loss orders are not guaranteed, it depends on depth of buyers, and of course since they have level 3 inside access they know where the price points are at.
Bitfinex are a bunch of greasy thieving frog bastards, and I would gladly smack anyone of them in the mouth any day of the week, just for that one time when my short stop loss was behind a wall of about 1000 BTC one minute, then triggered on low treble digit volume the next on a final 'Fuck You' rally (that didn't happen on Stamp) before the market tanked. But that is the unregulated Wild West world of Bitcoin for ya.
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smiley123
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June 21, 2014, 02:23:41 PM |
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More news from Italy. This is basically an a nice primer on all that is bitcoin. It came out on the 20'th of June after the hearings from the House of Representatives in Italy. It sounds like they will be installing a Robocoin ATM in Rome by the end of June. One thing I do remember from their hearings is that one of the speakers said that they missed out on the early adoption of the internet, and they don't want to repeat that mistake with bitcoin. This is a good start I guess. One thing to note here is that there is yet another event that converges on the 26'th. It sounds like Robocoin will be making a presentation and there will be discussion on how to regulate their ATM's.
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samsonn25
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June 21, 2014, 02:27:54 PM |
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Yes. And stop loss orders are not guaranteed, it depends on depth of buyers, and of course since they have level 3 inside access they know where the price points are at.
Bitfinex are a bunch of greasy thieving frog bastards, and I would gladly smack anyone of them in the mouth any day of the week, just for that one time when my short stop loss was behind a wall of about 1000 BTC one minute, then triggered on low treble digit volume the next on a final 'Fuck You' rally (that didn't happen on Stamp) before the market tanked. But that is the unregulated Wild West world of Bitcoin for ya. Agreed. We the company will give you more leverage so we can make more money, and will give you automatic credit line and charge high interest loan rates. alot of these exchanges have fake and low volume so thats why they make the dough through the spread and ripping off customers.
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empowering
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June 21, 2014, 02:44:44 PM |
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More news from Italy. This is basically an a nice primer on all that is bitcoin. It came out on the 20'th of June after the hearings from the House of Representatives in Italy. It sounds like they will be installing a Robocoin ATM in Rome by the end of June. One thing I do remember from their hearings is that one of the speakers said that they missed out on the early adoption of the internet, and they don't want to repeat that mistake with bitcoin. This is a good start I guess.
One thing to note here is that there is yet another event that converges on the 26'th. It sounds like Robocoin will be making a presentation and there will be discussion on how to regulate their ATM's.
Splendid stuff. . . the tsunami is building, and at a fair old rate. Only fools try to stand in the way of a tsunami.
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Globb0
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Free spirit
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June 21, 2014, 02:47:33 PM |
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F-bernanke
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June 21, 2014, 02:47:47 PM |
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More news from Italy. This is basically an a nice primer on all that is bitcoin. It came out on the 20'th of June after the hearings from the House of Representatives in Italy. It sounds like they will be installing a Robocoin ATM in Rome by the end of June. One thing I do remember from their hearings is that one of the speakers said that they missed out on the early adoption of the internet, and they don't want to repeat that mistake with bitcoin. This is a good start I guess.
One thing to note here is that there is yet another event that converges on the 26'th. It sounds like Robocoin will be making a presentation and there will be discussion on how to regulate their ATM's.
Splendid stuff. . . the tsunami is building, and at a fair old rate. Only fools try to stand in the way of a tsunami. Lets get the italian maffia in bitcoin Much better than those suitcases of filthy FIAT.
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Richy_T
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June 21, 2014, 02:51:41 PM |
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In all honesty I wouldn't mind seeing some cheap coins one more time
I'll sell you as many coins as you want for $0.25 each. Let me know how many dimes you want. Make it silver dimes and you have a deal... http://www.coinflation.com/coins/1946-1964-Silver-Roosevelt-Dime-Value.htmlAh Bitcoin, never will you be debased by being made from cheaper metals.
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empowering
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June 21, 2014, 02:52:50 PM |
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More news from Italy. This is basically an a nice primer on all that is bitcoin. It came out on the 20'th of June after the hearings from the House of Representatives in Italy. It sounds like they will be installing a Robocoin ATM in Rome by the end of June. One thing I do remember from their hearings is that one of the speakers said that they missed out on the early adoption of the internet, and they don't want to repeat that mistake with bitcoin. This is a good start I guess.
One thing to note here is that there is yet another event that converges on the 26'th. It sounds like Robocoin will be making a presentation and there will be discussion on how to regulate their ATM's.
Splendid stuff. . . the tsunami is building, and at a fair old rate. Only fools try to stand in the way of a tsunami. Lets get the italian maffia in bitcoin Much better than those suitcases of filthy FIAT. For the moment - methinks they would prefer the suitcases of Fiat - easy to play games with, plus they are not fans of change not unless they control it.
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TheJuice
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June 21, 2014, 02:57:16 PM |
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We've just broken 600$ on huobi and getting soe volume also!
Yeah, watch how Huobi tries to go up but Stamp refuses to budge. My theories: 1. Huobi volume really is fake, and Stamp knows it. Thus refuses to follow such a small percentage of the market in the up direction. 2. Stamp is deliberately holding down the market, fake sell walls, etc. Probably on purpose until the SR coins are sold. My money is more on #2, because Stamp seems to have no problem following Huobi in the down direction. (Although I'm still not convinced Huobi's volume is 100% accurate)[/quote Let's hope 2 is right! Ready for liftoff.
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ChartBuddy
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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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June 21, 2014, 03:00:50 PM |
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BuildTheFuture
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June 21, 2014, 03:02:04 PM |
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I think the blockchain.info bitcoin days destroyed chart is looking interesting. There was a spike up when the SR coin auction was announced, plenty of old coins got cashed out to raise money for bidding in the auction I guess. But as of yesterday the 7 day average has moved all the way down to a low point where it was in mid-May prior to that big rally move starting.
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empowering
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June 21, 2014, 03:06:33 PM |
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smiley123
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June 21, 2014, 03:07:32 PM |
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More news from Italy. This is basically an a nice primer on all that is bitcoin. It came out on the 20'th of June after the hearings from the House of Representatives in Italy. It sounds like they will be installing a Robocoin ATM in Rome by the end of June. One thing I do remember from their hearings is that one of the speakers said that they missed out on the early adoption of the internet, and they don't want to repeat that mistake with bitcoin. This is a good start I guess.
One thing to note here is that there is yet another event that converges on the 26'th. It sounds like Robocoin will be making a presentation and there will be discussion on how to regulate their ATM's.
Splendid stuff. . . the tsunami is building, and at a fair old rate. Only fools try to stand in the way of a tsunami. Lets get the italian maffia in bitcoin Much better than those suitcases of filthy FIAT. For the moment - methinks they would prefer the suitcases of Fiat - easy to play games with, plus they are not fans of change not unless they control it. Ya, it will be interesting to see how the mafia will influence all of this.
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shmadz
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June 21, 2014, 03:13:48 PM |
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I think the blockchain.info bitcoin days destroyed chart is looking interesting. There was a spike up when the SR coin auction was announced, plenty of old coins got cashed out to raise money for bidding in the auction I guess. But as of yesterday the 7 day average has moved all the way down to a low point where it was in mid-May prior to that big rally move starting.
Of course I can't give any advice, I can only say what I think, and I have a large probability of being wrong, but I'll take this opportunity to spew out some nonsense anyways I think this window might be the last chance at cheap coins. once the auction is over, I suspect that those auctioned coins are not going to be re-sold any time soon. I also get the feeling that any entity that is participating in the auction and does not win their desired amount of coins, will add to the buying pressure (I'm sure they won't immediately buy and spike the price, but I think they should be buying dips at the very least...) I think that many coins might have been sold in the previous and coming weeks in the interest of both keeping the price low, and also securing enough USD to place a bid. it's a risky situation, but that's what these people (the kind of entities that would be bidding for blocks of 3K coins) do for a living. always remember to actively monitor and consider your risk exposure.
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MatTheCat
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June 21, 2014, 03:15:27 PM |
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Agreed. We the company will give you more leverage so we can make more money, and will give you automatic credit line and charge high interest loan rates. alot of these exchanges have fake and low volume so thats why they make the dough through the spread and ripping off customers.
Yep, offering fractional reserve leverage with illusory fake volume, with the exchange feeling safe in the knowledge that they will be able to shake a certain percentage of the would be winning fractional reserve trades out of the game through the inside farming of stop losses and such, emptying the proceeds into their own koffers, that it makes it all a worthwhile and profitable endeavour in the end, no matter what way the market goes.......worthwhile and profitable for the exchange that is.
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JorgeStolfi
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June 21, 2014, 03:18:48 PM |
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Ya, it will be interesting to see how the mafia will influence all of this.
The Mafia (and its other "competitors" in Italy) surely must have been using bitcoin since SilkRoad, if not earlier. That is actually bullish, since the Mafia is said to have substantial influence in the Italian government.
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empowering
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June 21, 2014, 03:27:19 PM |
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More news from Italy. This is basically an a nice primer on all that is bitcoin. It came out on the 20'th of June after the hearings from the House of Representatives in Italy. It sounds like they will be installing a Robocoin ATM in Rome by the end of June. One thing I do remember from their hearings is that one of the speakers said that they missed out on the early adoption of the internet, and they don't want to repeat that mistake with bitcoin. This is a good start I guess.
One thing to note here is that there is yet another event that converges on the 26'th. It sounds like Robocoin will be making a presentation and there will be discussion on how to regulate their ATM's.
Splendid stuff. . . the tsunami is building, and at a fair old rate. Only fools try to stand in the way of a tsunami. Lets get the italian maffia in bitcoin Much better than those suitcases of filthy FIAT. For the moment - methinks they would prefer the suitcases of Fiat - easy to play games with, plus they are not fans of change not unless they control it. Ya, it will be interesting to see how the mafia will influence all of this. Probably the same way they influenced e-mail adoption.... not a whole lot, but then I guess maybe some money laundering but they would probably use a different crypto than BTC- one of the 'darker' coins, maybe some fraud and extortion scams, some general racketeering, and possible even BTC loan sharks- or protection money " Where is this months BTC ? transfer the fukin' crypto paisan or maybe in the future you don't walk so good capish? y'fukin Jabroni " so basically business as usual. If anything once they get their heads around it they will be no doubt exercising their control and influence over the local politicians to enable them to get away with blue bloody murder, then in Italy where do the banks, and politicians and police and mafia begin and end ? they see to all role into one non? Ha - I am just foolin' but yes I guess it will be interesting to see how organized crime comes into play. EDIT - actually I am struggling to think of a place anywhere now where the banks, and politicians/government and police and mafia/ organised crime do not at some point roll into one.. think it is just more obvious in Italy than many other places.
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shmadz
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June 21, 2014, 03:28:33 PM |
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Agreed. We the company will give you more leverage so we can make more money, and will give you automatic credit line and charge high interest loan rates. alot of these exchanges have fake and low volume so thats why they make the dough through the spread and ripping off customers.
Yep, offering fractional reserve leverage with illusory fake volume, with the exchange feeling safe in the knowledge that they will be able to shake a certain percentage of the would be winning trades out of the game through the inside farming of stop losses and such, that it makes it all a worthwhile and profitable endeavour in the end, no matter what way the market goes.......worthwhile for the exchange that is. might be the first time I agree with you on anything, but in this case, I think you have gotten it right. exchanges can skim profits from fees, and also have valuable information and ability to act profitably on that information. exchanges or "money changers" are just another inefficiency in the current system. it would be nice if we could reach consensus with a single currency and cut out the money changers, but I feel that exchanges of some type will likely always be necessary. we will soon have thousands of currencies to change into and out of, and the ones facilitating the trades are going to profit. but I guess that's the cost of the freedom to pick your currency of choice?
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MatTheCat
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June 21, 2014, 03:32:14 PM |
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it would be nice if we could reach consensus with a single currency and cut out the money changers, but I feel that exchanges of some type will likely be always necessary.
we now have thousands of currencies to change into and out of, and the ones facilitating the trades are going to profit. but I guess that's the cost of the freedom to pick your currency of choice?
Bitcoin being listed on the Forex would be the ultimate. At least when Bitcoin traders get shafted on there, they will feel safe in the knowledge that they are getting shafted by high level financiers charged with doing 'god's work', as opposed to being fleeced by a bunch of greedy geek French coders operating a dodgy exchange out of Hong Kong.
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aminorex
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Sine secretum non libertas
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June 21, 2014, 03:34:32 PM |
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When you are pseudonymous slander and libel can flow freely. until theymos gets a subpeona at least. If I were a bfx owner I would try to squeeze MatTheCat for a few hundred coins in court.
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