klee
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September 02, 2014, 03:12:50 PM |
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Gold getting decimated.
Major breakout; to the downside.
Is there something like bitcoinwisdom for Gold prices?
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cypherdoc (OP)
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September 02, 2014, 04:05:52 PM |
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this is big trouble; for gold. should be great for Bitcoin:
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cypherdoc (OP)
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September 02, 2014, 04:21:03 PM |
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lookin good
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cypherdoc (OP)
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September 02, 2014, 05:41:18 PM |
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Peter R
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September 02, 2014, 05:44:10 PM Last edit: September 02, 2014, 05:57:54 PM by Peter R |
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Glass half empty Glass half full
conveniently left out 5th i guess.. A little too convenient. For shame. Well well well. If it isn't the dynamic duo: Brilliant Mr. E and his sidekick Kootiecoon. How come you guys always come out together? Are you like Nxt superheroes waiting for an opportunity to pump your POS coin? Nxt is over BTW. It had a brief moment of glory but the market is waking up to the problem with POS coins--especially those that were distributed by "IPOs." Those "73 stakeholders" who were awarded all the Nxt coins that would ever exist were quite possibly 1 developer + 72 sock puppets.
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klee
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September 02, 2014, 05:55:38 PM |
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Glass half empty Glass half full
conveniently left out 5th i guess.. A little too convenient. For shame. Well well well. If it isn't the dynamic duo: Brilliant Mr. E and his sidekick Kootiecoon. How come you guys always come out together? Are you like Nxt superheroes waiting for an opportunity to pump your POS coin? Nxt is over BTW. It had a brief moment of glory but the market is waking up to the problem with POS--especially those that were distributed by "IPOs." Those "73 stakeholders" who were awarded all the Nxt coins that would ever exist were quite possibly 1 developer + 72 sock puppets. I can assure you I am not a sock puppet (neither guys like Pouncer, Neer, bybitcoin, etc). Criticism is great but stupid arguments are not - I thought you were a serious guy... DISCLAIMER: I own 0 NXT at the moment..
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Peter R
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September 02, 2014, 06:08:08 PM |
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I can assure you I am not a sock puppet (neither guys like Pouncer, Neer, bybitcoin, etc). Criticism is great but stupid arguments are not - I thought you were a serious guy...
DISCLAIMER: I own 0 NXT at the moment..
The image of Mr. E and KootieCoon as Nxt Superheroes was supposed to set a non-serious tone for my last post. It was hyperbole. I don't actually believe that all of the original Nxt stakeholders were sock puppets, nor do I actually believe that KootieCoon looks like Cartman and wears a racoon costume while frantically refreshing his browser as he waits for an opportunity to strike. The broader point I was making stands up to scrutiny: there's no way to avoid sock puppet purchases with an IPO. Questions about the legitimacy of the distribution will always remain.
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klee
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September 02, 2014, 06:10:54 PM |
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I can assure you I am not a sock puppet (neither guys like Pouncer, Neer, bybitcoin, etc). Criticism is great but stupid arguments are not - I thought you were a serious guy...
DISCLAIMER: I own 0 NXT at the moment..
The image of Mr. E and KootieCoon as Nxt Superheroes was supposed to set a non-serious tone for my last post. It was hyperbole. I don't actually believe that all of the original Nxt stakeholders were sock puppets, nor do I actually believe that KootieCoon looks like Cartman and wears a racoon costume while frantically refreshing his browser as he waits for an opportunity to strike. The broader point I was making stands up to scrutiny: there's no way to avoid sock puppet purchases with an IPO. Questions about the legitimacy of the distribution will always remain. I was a bit harsh, apologies You are right about a percentage of sock puppets, NEM proves this and personally I suspect that about 200-300M NXT were used from the developers to protect the network (and probably won't be sold for a long time).. I have no proof for the above claim.
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cypherdoc (OP)
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September 02, 2014, 06:13:22 PM |
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nor do I actually believe that KootieCoon looks like Cartman and wears a racoon costume while frantically refreshing his browser as he waits for an opportunity to strike
i do
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rpietila
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September 02, 2014, 06:39:19 PM |
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Those "73 stakeholders" who were awarded all the Nxt coins that would ever exist were quite possibly 1 developer + 72 sock puppets.
That would conveniently explain why the NXT price did not stall sooner when it was being pumped, unlike for example the Monero price that is an actual product of market mechanism between thousands of actors.
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HIM TVA Dragon, AOK-GM, Emperor of the Earth, Creator of the World, King of Crypto Kingdom, Lord of Malla, AOD-GEN, SA-GEN5, Ministry of Plenty (Join NOW!), Professor of Economics and Theology, Ph.D, AM, Chairman, Treasurer, Founder, CEO, 3*MG-2, 82*OHK, NKP, WTF, FFF, etc(x3)
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cypherdoc (OP)
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September 02, 2014, 07:24:55 PM |
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What happened to the shorts vs usd swaps chart?
looks like an opportunity to me:
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vuduchyld
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September 02, 2014, 07:32:05 PM |
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What happened to the shorts vs usd swaps chart?
looks like an opportunity to me: I feel like a 3rd grader, but can you tell me what you see as an opportunity? All I can get out of that is spaghetti. You seem to be good at explaining things to non-trolls and I assure you, I am here to learn.
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klee
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September 02, 2014, 07:44:08 PM |
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Those "73 stakeholders" who were awarded all the Nxt coins that would ever exist were quite possibly 1 developer + 72 sock puppets.
That would conveniently explain why the NXT price did not stall sooner when it was being pumped, unlike for example the Monero price that is an actual product of market mechanism between thousands of actors. The price of NXT is constantly trying to pass for good the 0.0001 barrier and always collapses back to the 0.00005-0.00007 area because the whales (like me in the past) always sell big there. This has happened 3 or 4 times. Check the DGEX chart history...
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molecular
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September 02, 2014, 07:47:12 PM |
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What happened to the shorts vs usd swaps chart?
looks like an opportunity to me: I feel like a 3rd grader, but can you tell me what you see as an opportunity? All I can get out of that is spaghetti. You seem to be good at explaining things to non-trolls and I assure you, I am here to learn. I think cypherdoc suggest to try to squeeze those shorts (represented by the red "BTC Swaps", the amount of BTC borrowed by people (and probably sold opening a short position). If we buy BTC hard enough - driving the price up - these shorts might be forcibly liquidated (the borrowed BTC bought back from the market) by the bitfinex platform to protect the lenders, which would drive the price up even more, maybe effecting a cascade.
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PGP key molecular F9B70769 fingerprint 9CDD C0D3 20F8 279F 6BE0 3F39 FC49 2362 F9B7 0769
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thefunkybits
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September 02, 2014, 10:52:31 PM |
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The gold bugs are slowly waking up... http://fortwealth.com/blog/?p=5883"There is an end to the manipulation here, that is when these people have to buy into the Crypto at the low end, competing with everyone else at the same time."
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NewLiberty
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Gresham's Lawyer
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September 03, 2014, 01:41:39 AM |
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What happened to the shorts vs usd swaps chart?
looks like an opportunity to me: I feel like a 3rd grader, but can you tell me what you see as an opportunity? All I can get out of that is spaghetti. You seem to be good at explaining things to non-trolls and I assure you, I am here to learn. I think cypherdoc suggest to try to squeeze those shorts (represented by the red "BTC Swaps", the amount of BTC borrowed by people (and probably sold opening a short position). If we buy BTC hard enough - driving the price up - these shorts might be forcibly liquidated (the borrowed BTC bought back from the market) by the bitfinex platform to protect the lenders, which would drive the price up even more, maybe effecting a cascade. Or put more simply. No one that bought BTC when swaps were over 10K lost money. So if that thin red line hits 10K, mortgage the house and buy bitcoin.
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vuduchyld
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September 03, 2014, 02:01:40 AM |
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Aha. OK, I get it.
Man, I get nervous when shorts go up around 8k because I assume I am not on the right end of information asymmetry.
I don't really care all that much about the current price, but a little run up might be nice.
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NewLiberty
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Gresham's Lawyer
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September 03, 2014, 02:11:12 AM |
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Aha. OK, I get it.
Man, I get nervous when shorts go up around 8k because I assume I am not on the right end of information asymmetry.
I don't really care all that much about the current price, but a little run up might be nice.
In such circumstances, you should have the opposite emotion, or even better, no emotion. Options contracts are a contrary indicator. The more options bought against your position, the better you position is. Think about it. After you do, if you still don't get it, let us know and we can break it down or find a link for you.
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Melbustus
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September 03, 2014, 02:37:48 AM |
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Aha. OK, I get it.
Man, I get nervous when shorts go up around 8k because I assume I am not on the right end of information asymmetry.
I don't really care all that much about the current price, but a little run up might be nice.
In such circumstances, you should have the opposite emotion, or even better, no emotion. ... Yeah. If you do a few things over your investing career, you'll be successful: 1) Be emotionless. 2) Do your due diligence and fundamentals analysis. 3) Incorporate new information rationally as it comes to light. 4) And the classic Warren Buffet line: Be greedy when others are fearful, and fearful when others are greedy. To be sure, you won't always win, but winning just a little more than 50% of the time translates to a good deal of success. And (also as Buffet says) you only need two or three truly great investment ideas in your lifetime in order to be fantastically successful as an investor.
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Bitcoin is the first monetary system to credibly offer perfect information to all economic participants.
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