molecular
Donator
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Activity: 2772
Merit: 1019
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July 05, 2014, 08:37:40 AM |
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bfxdata.com shows USD swaps just jumped by 1.5 million to 30.5 million
best swap offer now 0.4475 %/day
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chriswilmer
Legendary
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Activity: 1008
Merit: 1000
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July 05, 2014, 09:00:07 AM |
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bfxdata.com shows USD swaps just jumped by 1.5 million to 30.5 million
best swap offer now 0.4475 %/day
Beginner question: does this mean that it's now expensive to go long? |
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ChartBuddy
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Activity: 2184
Merit: 1778
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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July 05, 2014, 09:00:30 AM |
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medialab101
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July 05, 2014, 09:02:11 AM |
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bfxdata.com shows USD swaps just jumped by 1.5 million to 30.5 million
best swap offer now 0.4475 %/day
Beginner question: does this mean that it's now expensive to go long? Yes. And it means that a lot of traders on Finex are either a crazy gamblers or super bullish on BTC. Or more likely both. |
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chriswilmer
Legendary
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Activity: 1008
Merit: 1000
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July 05, 2014, 09:04:23 AM |
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bfxdata.com shows USD swaps just jumped by 1.5 million to 30.5 million
best swap offer now 0.4475 %/day
Beginner question: does this mean that it's now expensive to go long? Yes. And it means that someone on Finex is either a crazy gambler or super bullish on BTC. Or more likely both. Cool. Yeah... 0.5% per day is a lot. Reminds me of Pirate's ponzi  [which I believe returned 7% per week] |
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Wolf Rainer
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Activity: 1960
Merit: 1022
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July 05, 2014, 09:09:47 AM |
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Good morning. I woke up from a dream that we went to $100. Phew, good to see we're still going good.
No way you are really dreaming about btc? Too much crypto for you  He is not the only one... Sometimes i dream with Bitcoin to, who don´t want to wake up one day and notice it´s rich? |
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davidgdg
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July 05, 2014, 09:12:23 AM |
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bfxdata.com shows USD swaps just jumped by 1.5 million to 30.5 million
best swap offer now 0.4475 %/day
Beginner question: does this mean that it's now expensive to go long? Yes. And it means that a lot of traders on Finex are either a crazy gamblers or super bullish on BTC. Or more likely both. BTC swap rate demand is at 0.0016% (for going short on BTC) USD swap rate demand is at 0.175% (for going long on BTC) That's a hundred fold difference in interest rates. Incredible. Has it always been like this? |
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chriswilmer
Legendary
Offline
Activity: 1008
Merit: 1000
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July 05, 2014, 09:18:19 AM |
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bfxdata.com shows USD swaps just jumped by 1.5 million to 30.5 million
best swap offer now 0.4475 %/day
Beginner question: does this mean that it's now expensive to go long? Yes. And it means that a lot of traders on Finex are either a crazy gamblers or super bullish on BTC. Or more likely both. BTC swap rate demand is at 0.0016% (for going short on BTC) USD swap rate demand is at 0.175% (for going long on BTC) That's a hundred fold difference in interest rates. Incredible. Has it always been like this? Is it really that incredible though? I mean... think about what it means to borrow bitcoins and pay back with interest. It's a very different commitment than borrowing US dollars! |
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ChartBuddy
Legendary
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Activity: 2184
Merit: 1778
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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July 05, 2014, 10:00:30 AM |
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magicmexican
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July 05, 2014, 10:03:47 AM |
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holy LTC pumps :O
Okcoin going nuts
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JayJuanGee
Legendary
 Online
Activity: 3724
Merit: 10303
Self-Custody is a right. Say no to"Non-custodial"
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July 05, 2014, 10:13:38 AM |
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Good morning. I woke up from a dream that we went to $100. Phew, good to see we're still going good.
No way you are really dreaming about btc? Too much crypto for you Put down the crypto, sir, and step back slowly. |
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Parazyd
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July 05, 2014, 10:22:57 AM |
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Good morning. I woke up from a dream that we went to $100. Phew, good to see we're still going good.
No way you are really dreaming about btc? Too much crypto for you Put down the crypto, sir, and step back slowly. First time I dreamed about it though. Never before  |
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dnaleor
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Activity: 1470
Merit: 1000
Want privacy? Use Monero!
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July 05, 2014, 10:26:18 AM |
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700 is no different than 600. It's going to be the same uphill battle.
It will last the time it lasts. When it is over, it is over. And then the fun begins. Don't sell now. But especially don't sell between 800->3000: that is a complete waste of money in a situation where there is no way except going up several times in a matter of weeks. Unless you are using the SSS plan for a part of your bitcoin stash, like me |
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davidgdg
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July 05, 2014, 10:35:28 AM |
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bfxdata.com shows USD swaps just jumped by 1.5 million to 30.5 million
best swap offer now 0.4475 %/day
Beginner question: does this mean that it's now expensive to go long? Yes. And it means that a lot of traders on Finex are either a crazy gamblers or super bullish on BTC. Or more likely both. BTC swap rate demand is at 0.0016% (for going short on BTC) USD swap rate demand is at 0.175% (for going long on BTC) That's a hundred fold difference in interest rates. Incredible. Has it always been like this? Is it really that incredible though? I mean... think about what it means to borrow bitcoins and pay back with interest. It's a very different commitment than borrowing US dollars! Agreed and interestingly, the BTC daily swap rate works out at 0.6% per year which is very close to the gold lease rate of 0.4% per year. So I get that part. But then why is the US dollar borrowing rate so insanely high? |
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tarmi
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Activity: 1218
Merit: 1010
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July 05, 2014, 10:43:20 AM |
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why would anyone borrow bitcoin except for speculation purposes?
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Spaceman_Spiff
Legendary
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Activity: 1638
Merit: 1001
₪``Campaign Manager´´₪
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July 05, 2014, 10:48:31 AM |
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bfxdata.com shows USD swaps just jumped by 1.5 million to 30.5 million
best swap offer now 0.4475 %/day
Beginner question: does this mean that it's now expensive to go long? Yes. And it means that a lot of traders on Finex are either a crazy gamblers or super bullish on BTC. Or more likely both. BTC swap rate demand is at 0.0016% (for going short on BTC) USD swap rate demand is at 0.175% (for going long on BTC) That's a hundred fold difference in interest rates. Incredible. Has it always been like this? Is it really that incredible though? I mean... think about what it means to borrow bitcoins and pay back with interest. It's a very different commitment than borrowing US dollars! Imho it has to do with the fact that there are few places to get your bitcoins to earn interest for you, while there are many places in the conventional financial system in which your fiat can get a return (bonds of all kinds, savings deposit). Furthermore, BFX is only known to the bitcoin world, and bitcoin people prefer to keep their money in BTC, as they believe the gains there through appreciation will be greater. Also, shorting bitcoin (over the long-term) has been a losing strategy so far. |
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iram3130
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Activity: 1512
Merit: 1010
ITSMYNE 🚀 Talk NFTs, Trade NFTs 🚀
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July 05, 2014, 10:51:52 AM |
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holy LTC pumps :O
Okcoin going nuts
This thread for Bitcoin not LTC, why you posted this here. |
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Spaceman_Spiff
Legendary
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Activity: 1638
Merit: 1001
₪``Campaign Manager´´₪
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July 05, 2014, 10:57:14 AM |
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holy LTC pumps :O
Okcoin going nuts
This thread for Bitcoin not LTC, why you posted this here. Let's face it, this thread is a hangout lounge / bar for general discussions, with a heavy focus on bitcoin trading. By the way, does anybody know a place where I could short shitcoins like DOGE and other smaller alts ? |
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JustBetweenUs
Member
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Activity: 290
Merit: 28
bitcoin is not a bubble, it is the pin
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July 05, 2014, 11:00:30 AM |
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holy LTC pumps :O
Okcoin going nuts
This thread for Bitcoin not LTC, why you posted this here. Let's face it, this thread is a hangout lounge / bar for general discussions, with a heavy focus on bitcoin trading. By the way, does anybody know a place where I could short shitcoins like DOGE and other smaller alts ? I'm interested in shorting LTC and DOGE too. Let me know if you find something. |
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ChartBuddy
Legendary
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Activity: 2184
Merit: 1778
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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July 05, 2014, 11:00:31 AM |
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Poll
