phoenix1
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December 05, 2014, 05:40:08 PM |
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Why not buy a coin yourself, instead of demanding the winkelvi buy up all the coins not being hodled already.
I switched long short-term (with a narrow stop, though, as this could get pretty going up or ugly going down). Anyhow, if the Winklevii were to buy all of the bitcoins right now that would be beneficial to my position. Anyhow, I posted it because I legitimately wonder. Also, so many people are posting that this guy or that guy seems very confident... well, there are some high profile Bitcoiners who are not so confident. So, mixed signal at best. If they weren't confident, they should sell. They already have had a 37x increase. Diversification is wise, but they keep holding Are they really holding? Or are they looking to sell their coins at a premium by recasting their coins as an ETF? I mean, say I have a bag of turds... I might have trouble selling a bag of turds. But, let's imagine that I was able to wrap those turds neatly in a snickers candy wrapper and sell it as a snickers. Maybe, just maybe, somebody won't realize until they take a bit into it that I just sold them some turds. If the Winklevii aren't bidding and they are running this ETF, I have a hard time distinguishing the turds in a candy wrapper strategy from there own. Just saying. And on top of that, they get to charge a 'management fee' for looking after that bag of snicker-turds for people!
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Newbie1022
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December 05, 2014, 05:41:19 PM |
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Why not buy a coin yourself, instead of demanding the winkelvi buy up all the coins not being hodled already.
I switched long short-term (with a narrow stop, though, as this could get pretty going up or ugly going down). Anyhow, if the Winklevii were to buy all of the bitcoins right now that would be beneficial to my position. Anyhow, I posted it because I legitimately wonder. Also, so many people are posting that this guy or that guy seems very confident... well, there are some high profile Bitcoiners who are not so confident. So, mixed signal at best. If they weren't confident, they should sell. They already have had a 37x increase. Diversification is wise, but they keep holding Are they really holding? Or are they looking to sell their coins at a premium by recasting their coins as an ETF? I mean, say I have a bag of turds... I might have trouble selling a bag of turds. But, let's imagine that I was able to wrap those turds neatly in a snickers candy wrapper and sell it as a snickers. Maybe, just maybe, somebody won't realize until they take a bite into it that I just sold them some turds. If the Winklevii aren't bidding and they are running this ETF, I have a hard time distinguishing the turds in a candy wrapper strategy from there own. Just saying. And on top of that, they get to charge a 'management fee' for looking after that bag of snicker-turds for people! I didn't even think of that part. You have to hand it to them -- they are smart.
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NotLambchop
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December 05, 2014, 05:42:31 PM |
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... That's the magic of auctions and arbitrage: somebody will bid close to market, if for no other reason to to collect a (relatively) safe profit through auction -> exchange arbitrage (if he gets them below market that is).
As I understand it, the the only reason to buy at a blind sealed bid auction is the potential for buying substantially below market.* Bringing up slippage in relation to buying, but overlooking it in relation to selling ("collect a (relatively) safe profit [by selling on an exchange]) is a bit meh. *For relatively fungible stuff like ordinary cars, Bitcoin, etc. Not talking about art/rare items.
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phoenix1
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December 05, 2014, 05:45:25 PM |
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Why not buy a coin yourself, instead of demanding the winkelvi buy up all the coins not being hodled already.
I switched long short-term (with a narrow stop, though, as this could get pretty going up or ugly going down). Anyhow, if the Winklevii were to buy all of the bitcoins right now that would be beneficial to my position. Anyhow, I posted it because I legitimately wonder. Also, so many people are posting that this guy or that guy seems very confident... well, there are some high profile Bitcoiners who are not so confident. So, mixed signal at best. If they weren't confident, they should sell. They already have had a 37x increase. Diversification is wise, but they keep holding Are they really holding? Or are they looking to sell their coins at a premium by recasting their coins as an ETF? I mean, say I have a bag of turds... I might have trouble selling a bag of turds. But, let's imagine that I was able to wrap those turds neatly in a snickers candy wrapper and sell it as a snickers. Maybe, just maybe, somebody won't realize until they take a bite into it that I just sold them some turds. If the Winklevii aren't bidding and they are running this ETF, I have a hard time distinguishing the turds in a candy wrapper strategy from there own. Just saying. And on top of that, they get to charge a 'management fee' for looking after that bag of snicker-turds for people! I didn't even think of that part. You have to hand it to them -- they are smart. But not so confident in the ETF and/or the current price it would appear My guess would be they know the ETF is still a way off, so they have no need to restock now and increase their already rather large position. I imagine their portfolio is a little unbalanced!
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virtuexru
Member
Offline
Activity: 75
Merit: 10
litecoin!
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December 05, 2014, 05:46:41 PM |
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Newbie, Shroomkit & Lambchop all on the ignore list.
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Newbie1022
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December 05, 2014, 05:46:46 PM |
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Why not buy a coin yourself, instead of demanding the winkelvi buy up all the coins not being hodled already.
I switched long short-term (with a narrow stop, though, as this could get pretty going up or ugly going down). Anyhow, if the Winklevii were to buy all of the bitcoins right now that would be beneficial to my position. Anyhow, I posted it because I legitimately wonder. Also, so many people are posting that this guy or that guy seems very confident... well, there are some high profile Bitcoiners who are not so confident. So, mixed signal at best. If they weren't confident, they should sell. They already have had a 37x increase. Diversification is wise, but they keep holding Are they really holding? Or are they looking to sell their coins at a premium by recasting their coins as an ETF? I mean, say I have a bag of turds... I might have trouble selling a bag of turds. But, let's imagine that I was able to wrap those turds neatly in a snickers candy wrapper and sell it as a snickers. Maybe, just maybe, somebody won't realize until they take a bite into it that I just sold them some turds. If the Winklevii aren't bidding and they are running this ETF, I have a hard time distinguishing the turds in a candy wrapper strategy from there own. Just saying. And on top of that, they get to charge a 'management fee' for looking after that bag of snicker-turds for people! I didn't even think of that part. You have to hand it to them -- they are smart. But not so confident in the ETF and/or the current price it would appear Maybe they ran out of candy wrappers.
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NotLambchop
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December 05, 2014, 05:47:34 PM |
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...I might have trouble selling a bag of turds...
Nothing of the sort, do it here Ur welcome.
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Newbie1022
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December 05, 2014, 05:48:51 PM |
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...I might have trouble selling a bag of turds...
Nothing of the sort, do it here Ur welcome. Bahahahahahahaha
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phoenix1
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December 05, 2014, 05:49:47 PM |
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But not so confident in the ETF and/or the current price it would appear
Maybe they ran out of candy wrappers. Haha !
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phoenix1
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December 05, 2014, 05:51:01 PM |
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...I might have trouble selling a bag of turds...
Nothing of the sort, do it here Ur welcome.
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oda.krell
Legendary
Offline
Activity: 1470
Merit: 1007
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December 05, 2014, 05:56:40 PM |
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... That's the magic of auctions and arbitrage: somebody will bid close to market, if for no other reason to to collect a (relatively) safe profit through auction -> exchange arbitrage (if he gets them below market that is).
As I understand it, the the only reason to buy at a blind sealed bid auction is the potential for buying substantially below market.* Bringing up slippage in relation to buying, but overlooking it in relation to selling ("collect a (relatively) safe profit [by selling on an exchange]) is a bit meh. *For relatively fungible stuff like ordinary cars, Bitcoin, etc. Not talking about art/rare items. I'd say that at -20% of market (which was what the comment I responded to said), there's plenty of wiggle room for slippage, even for a large stash like that. Anyway, this is hypothetical. I doubt some large enough entity with the means to arb Bitcoin on this scale will do so on-exchange. Arb profit can also be gained by securing at a price below market a lot that will be sold OTC at a contractually bound price near market. Anyway anyway, this is hypothetical. The above only describes why I consider it unlikely the auctions would sell vastly below market. There are reasons why they might be sold (somewhat) above market as well (government "cleared" coins, no on-exchange counter party risk).
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ChartBuddy
Legendary
Online
Activity: 2296
Merit: 1801
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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December 05, 2014, 06:00:52 PM |
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NotLambchop
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December 05, 2014, 06:11:27 PM |
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... That's the magic of auctions and arbitrage: somebody will bid close to market, if for no other reason to to collect a (relatively) safe profit through auction -> exchange arbitrage (if he gets them below market that is).
As I understand it, the the only reason to buy at a blind sealed bid auction is the potential for buying substantially below market.* Bringing up slippage in relation to buying, but overlooking it in relation to selling ("collect a (relatively) safe profit [by selling on an exchange]) is a bit meh. *For relatively fungible stuff like ordinary cars, Bitcoin, etc. Not talking about art/rare items. I'd say that at -20% of market (which was what the comment I responded to said), there's plenty of wiggle room for slippage, even for a large stash like that. Anyway, this is hypothetical. I doubt some large enough entity with the means to arb Bitcoin on this scale will do so on-exchange. Arb profit can also be gained by securing at a price below market a lot that will be sold OTC at a contractually bound price near market. ... Let me understand what you're suggesting: Entering into a contract to sell X BTC ~market, and then bidding for X BTC at an auction? You realize the risks here, correct? And there's at least a 24hr delay between placing your bid & getting BTC learning if you're the winning bidder--you can't dump the coin if the price takes a nosedive. Not saying there's no chance of coin going slightly below market, but above?
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LFC_Bitcoin
Legendary
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Activity: 3654
Merit: 10190
#1 VIP Crypto Casino
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December 05, 2014, 06:14:04 PM |
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Newbie, Shroomkit & Lambchop all on the ignore list.
I think it has to be done to be able to enjoy this place
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LOBSTER
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December 05, 2014, 06:16:22 PM |
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STFU Whats up? Just asking for information purposes only.
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Fatman3001
Legendary
Offline
Activity: 1526
Merit: 1013
Make Bitcoin glow with ENIAC
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December 05, 2014, 06:18:03 PM |
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Newbie, Shroomkit & Lambchop all on the ignore list.
I think it has to be done to be able to enjoy this place I don't know if newbie is trolling but he fries my brain every time i read his posts.
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NotLambchop
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December 05, 2014, 06:18:55 PM |
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Newbie, Shroomkit & Lambchop all on the ignore list.
I think it has to be done to be able to enjoy this place I don't know if newbie is trolling but he fries my brain every time i read his posts. Can you take this to PM? ty
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adamstgBit
Legendary
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Activity: 1904
Merit: 1037
Trusted Bitcoiner
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December 05, 2014, 06:21:02 PM |
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you guys feel that?
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adamstgBit
Legendary
Offline
Activity: 1904
Merit: 1037
Trusted Bitcoiner
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December 05, 2014, 06:21:36 PM |
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the next 5 seconds are unbelievably critical!!!
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LOBSTER
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December 05, 2014, 06:22:48 PM |
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the next 5 seconds are unbelievably critical!!!
Any why are the next five seconds so unbelievably? Price drop?
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