paul2000
|
|
December 16, 2014, 10:16:23 PM |
|
agree again. nevertheless i am just explaining the rise of ripple and thats one part of its success. you can obv say that ripple is centralized or whatsoever. only, it doesnt matter. in the end all what matters is which system gains mainstream-trust and gets track in the financial world and which system gains markets trust.
You may not be wrong in the short to medium term but in the longer term, we see what happens with trust: Assholes get in and abuse it. Ripple may or may not have a place but it is not doing the same thing as Bitcoin. Speaking of trust abuse: Remember who joined Ripple Labs Advisory Board in July? Yes, Mr. Karl-Theodor zu Guttenberg. He knows how to trick people and he knows how to keep up appearances. Perfect skills for Ripple Labs! For people who don't know him: BERLIN—Germany's controversial ex-defense minister Karl-Theodor zu Guttenberg plagiarized swathes of his doctoral thesis "intentionally," according to the university that awarded him his doctorate. source: http://www.wsj.com/articles/SB10001424052748704810504576307123104365338White lines is what he did himself http://de.guttenplag.wikia.com/wiki/GuttenPlag_Wiki
|
|
|
|
indiemax
|
|
December 16, 2014, 10:21:24 PM |
|
care to explain how someone can do stupid things regardless of what happens next?
I cannot believe you do not understand this: It is stupid to increase your slippage cost, reduce your execution chances and increase your counter-party exposure by selling only on one single exchange. It does not matter what followed after. And in his case, the price actually rose for months afterwards, and he sold at the bottom. Had he had a modicum of sense execution wise and technicals wise, he'd have done much better. Also, I don't believe he has another 30k because the way he sold showed that he was in a rush, for whatever reason. I'm sure you agree. you didnt answer my question really and again you are questioning his trading methods. you said that he was stupid to sell regardless of what happens next and I am asking to you what happens if price crashes to 100 $ levels? Blitz is right. It is quite clear that the owner of those 30K+ coins were an amateur. Starting with dispensing coins in small portions. Got afraid when price went down, did not understand that he was reason for the downtrend. Dumped in despair several times. He must have understood at that point that his dumping was the problem, then offered the rest for 300. It was eaten after a few days. The volume may be high, but by traders that sometimes sell, sometimes buy. If someone want in with a large number of fiat units, or out with a large number of coins, it moves the market. You can not stealth sell 30K+ coins in this market, even if 100K coins change hands in a day. Conclusion: If you have 30K coins, you may think you are good for 10 mill USD, but you are not able to buy a 10 mill anything - yet. why would he be an amateur? he may be the smartest bitcoin hacker ( gox) ever? cashing in because he can see it is going down for now, He can see Bitcoin is not finished but why not take some profits ,we all do that,smart move perhaps $10M ,thankyou
|
|
|
|
adamstgBit
Legendary
Offline
Activity: 1904
Merit: 1037
Trusted Bitcoiner
|
|
December 16, 2014, 10:26:41 PM |
|
care to explain how someone can do stupid things regardless of what happens next?
I cannot believe you do not understand this: It is stupid to increase your slippage cost, reduce your execution chances and increase your counter-party exposure by selling only on one single exchange. It does not matter what followed after. And in his case, the price actually rose for months afterwards, and he sold at the bottom. Had he had a modicum of sense execution wise and technicals wise, he'd have done much better. Also, I don't believe he has another 30k because the way he sold showed that he was in a rush, for whatever reason. I'm sure you agree. you didnt answer my question really and again you are questioning his trading methods. you said that he was stupid to sell regardless of what happens next and I am asking to you what happens if price crashes to 100 $ levels? Blitz is right. It is quite clear that the owner of those 30K+ coins were an amateur. Starting with dispensing coins in small portions. Got afraid when price went down, did not understand that he was reason for the downtrend. Dumped in despair several times. He must have understood at that point that his dumping was the problem, then offered the rest for 300. It was eaten after a few days. The volume may be high, but by traders that sometimes sell, sometimes buy. If someone want in with a large number of fiat units, or out with a large number of coins, it moves the market. You can not stealth sell 30K+ coins in this market, even if 100K coins change hands in a day. Conclusion: If you have 30K coins, you may think you are good for 10 mill USD, but you are not able to buy a 10 mill anything - yet. why would he be an amateur? he may be the smartest bitcoin hacker ( gox) ever? cashing in because he can see it is going down for now, He can see Bitcoin is not finished but why not take some profits ,we all do that,smart move perhaps $10M ,thankyou or maybe he bought it all back here?
|
|
|
|
Erdogan
Legendary
Offline
Activity: 1512
Merit: 1005
|
|
December 16, 2014, 10:29:17 PM |
|
care to explain how someone can do stupid things regardless of what happens next?
I cannot believe you do not understand this: It is stupid to increase your slippage cost, reduce your execution chances and increase your counter-party exposure by selling only on one single exchange. It does not matter what followed after. And in his case, the price actually rose for months afterwards, and he sold at the bottom. Had he had a modicum of sense execution wise and technicals wise, he'd have done much better. Also, I don't believe he has another 30k because the way he sold showed that he was in a rush, for whatever reason. I'm sure you agree. you didnt answer my question really and again you are questioning his trading methods. you said that he was stupid to sell regardless of what happens next and I am asking to you what happens if price crashes to 100 $ levels? Blitz is right. It is quite clear that the owner of those 30K+ coins were an amateur. Starting with dispensing coins in small portions. Got afraid when price went down, did not understand that he was reason for the downtrend. Dumped in despair several times. He must have understood at that point that his dumping was the problem, then offered the rest for 300. It was eaten after a few days. The volume may be high, but by traders that sometimes sell, sometimes buy. If someone want in with a large number of fiat units, or out with a large number of coins, it moves the market. You can not stealth sell 30K+ coins in this market, even if 100K coins change hands in a day. Conclusion: If you have 30K coins, you may think you are good for 10 mill USD, but you are not able to buy a 10 mill anything - yet. why would he be an amateur? he may be the smartest bitcoin hacker ( gox) ever? cashing in because he can see it is going down for now, He can see Bitcoin is not finished but why not take some profits ,we all do that,smart move perhaps $10M ,thankyou You don't get it - he was the reason for the market downturn. If he knew, he would find a buyer that had the same problem on the other side - wanting in with a large sum. If he were smart, he would immediately have sensed it, given up, and he would have taken a loan in fiat for the time being, anything other than continue selling.
|
|
|
|
coins101
Legendary
Offline
Activity: 1456
Merit: 1000
|
|
December 16, 2014, 10:29:57 PM |
|
Selling your Bitcoins shows your complete lack of commitment to the progress of humanity.
|
|
|
|
kryptopojken
|
|
December 16, 2014, 10:31:58 PM |
|
Selling your Bitcoins shows your complete lack of commitment to the progress of humanity.
what about leveraged shorting?
|
|
|
|
jonoiv
|
|
December 16, 2014, 10:32:34 PM |
|
Youtube video turned up today ! https://www.youtube.com/watch?v=jWj8a6tnyXo "Bitcoins with New Bitcoin Generator Hack December 2014"
Download, run and he will extract bitcoins... from your wallet! Seriously do not download this "hack software" you will get screwed. 1, million trojans (probably)
|
|
|
|
marcus_of_augustus
Legendary
Offline
Activity: 3920
Merit: 2349
Eadem mutata resurgo
|
|
December 16, 2014, 10:34:40 PM |
|
Yes, everyone else is stupid. And you see everything so clearly. How great it must be to be you. But if you are right I just wonder why all bitcoiners are lubing their asses every night before they go to bed. cogent, sophisticated ... I'll decline to reply thnx.
|
|
|
|
inca
Legendary
Offline
Activity: 1176
Merit: 1000
|
|
December 16, 2014, 10:37:29 PM |
|
Trolls certainly out in force hoping for a few more dollars of downdraft. Pathetic
|
|
|
|
Erdogan
Legendary
Offline
Activity: 1512
Merit: 1005
|
|
December 16, 2014, 10:37:36 PM |
|
Conclusion II: If you have 1000 coins, and desperately want a 300K USD house now, sell only a hundred coins and borrow the rest. That is not risky, if you have a cash problem any point in the future, you can always convert the few coins you need until the next salary.
|
|
|
|
silverfuture
Legendary
Offline
Activity: 947
Merit: 1008
central banking = outdated protocol
|
|
December 16, 2014, 10:38:43 PM |
|
Tree tirdy tree, point tree
|
|
|
|
NotLambchop
|
|
December 16, 2014, 10:38:58 PM |
|
Selling your Bitcoins shows your complete lack of commitment to the progress of humanity.
Bro, do you even know what you're talking about? Educate yourself:
|
|
|
|
Bitcoin_BOy$
|
|
December 16, 2014, 10:39:27 PM |
|
Hello everyone I have a question : E.g if i have 1000KK usd and i want to sell theme the price at btc-e is 345 will it all sell at 345 or what
|
|
|
|
molecular
Donator
Legendary
Offline
Activity: 2772
Merit: 1019
|
|
December 16, 2014, 10:44:15 PM |
|
Hello everyone I have a question : E.g if i have 1000KK usd and i want to sell theme the price at btc-e is 345 will it all sell at 345 or what
how much usd??? no, you wont sell at the "last price". You have to look at the orderbook. When you put a buy order (to sell USD) you enter a price. That offer will be matched with sell order already on the book, lowest price first until your order is filled. If it can't be filled at your desired price, it waits there for a sell order to fill it.
|
|
|
|
Erdogan
Legendary
Offline
Activity: 1512
Merit: 1005
|
|
December 16, 2014, 10:48:51 PM |
|
Hello everyone I have a question : E.g if i have 1000KK usd and i want to sell theme the price at btc-e is 345 will it all sell at 345 or what
No, you have the same problem as the desperate 30K+coin seller, you will move the market. The price will just explode, then fall down a bit and you will be sorry that you paid to much for the last part of your purchase. Try to find another large holder lurking around on the conferences, bad shoes, sometimes depressed, sometimes manic, mumbling about retirement at young age, wanting to buy a ranch (and not understanding much about money).
|
|
|
|
N12
Donator
Legendary
Offline
Activity: 1610
Merit: 1010
|
|
December 16, 2014, 10:50:06 PM |
|
Don't worry, there's always a next auction with tens and hundreds of thousands of stolen BTC. The ultimate finale will be MtGox.
|
|
|
|
marcus_of_augustus
Legendary
Offline
Activity: 3920
Merit: 2349
Eadem mutata resurgo
|
|
December 16, 2014, 10:57:54 PM |
|
|
|
|
|
ChartBuddy
Legendary
Offline
Activity: 2296
Merit: 1801
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
|
|
December 16, 2014, 11:00:31 PM |
|
|
|
|
|
N12
Donator
Legendary
Offline
Activity: 1610
Merit: 1010
|
|
December 16, 2014, 11:00:43 PM |
|
Some time ago, I've had a flashback to 2011. The next and final stage of the bear market began when difficulty began to decrease.
Oh, Blitz... Thought this sort of thing was beneath you I just had a flashback to this flashback. Difficulty is set to decrease again in 32 blocks.
|
|
|
|
adamstgBit
Legendary
Offline
Activity: 1904
Merit: 1037
Trusted Bitcoiner
|
|
December 16, 2014, 11:21:54 PM |
|
i picked up a few bits... pretty sure the price is going to keep crashing tho, am i nuts? or stupid? maybe both?!
|
|
|
|
|