Rally!!!!!

[proudhon]

Wooooooot 2012 high and all the greedy Bitcoinica fucks out in the cold.

2012 high was 7.2

But market capitalization is 2012 high

http://www.blockchain.info/charts/market-cap

very interesting

The price would need to be a little over $20/BTC to exceed the 2011 market cap high.

[chronicaust]

I bet it goes to 9+ and almost breaks 10 then back to about 4 within a  week or so... just putting in my prediction so I can say "see, told you so!" haha = )

[adamstgBit]

I bet it goes to 9+ and almost breaks 10 then back to about 4 within a  week or so... just putting in my prediction so I can say "see, told you so!" haha = )

From: 9 point crazy
    To: 4 dot ridiculous

in a week! try again  

[chronicaust]

I bet it goes to 9+ and almost breaks 10 then back to about 4 within a  week or so... just putting in my prediction so I can say "see, told you so!" haha = )

From: 9 point crazy
    To: 4 dot ridiculous

in a week! try again  

it did drop from 3x point holy $#%^ to 0 dot oh noezzz!!!1 in no time before... who is to say its impossible?

[Sitarow]

tsunami warning system must be down.

[Lumpy]

it did drop from 3x point holy $#%^ to 0 dot oh noezzz!!!1 in no time before... who is to say its impossible?

That was the MtGox hack, and not a "real" market drop.

[adamstgBit]

tsunami warning system must be down.

[molecular]

I bet it goes to 9+ and almost breaks 10 then back to about 4 within a  week or so... just putting in my prediction so I can say "see, told you so!" haha = )

I'm willing to bet against that.

[muyuu]

I bet it goes to 9+ and almost breaks 10 then back to about 4 within a  week or so... just putting in my prediction so I can say "see, told you so!" haha = )

From: 9 point crazy
    To: 4 dot ridiculous

in a week! try again  

it did drop from 3x point holy $#%^ to 0 dot oh noezzz!!!1 in no time before... who is to say its impossible?

There's a wide gap between "impossible" and "likely". I'm willing to bet against that myself up to 1:4 odds.

[disclaimer201]

I bet it goes to 9+ and almost breaks 10 then back to about 4 within a  week or so... just putting in my prediction so I can say "see, told you so!" haha = )

From: 9 point crazy
    To: 4 dot ridiculous

in a week! try again  

it did drop from 3x point holy $#%^ to 0 dot oh noezzz!!!1 in no time before... who is to say its impossible?

There's a wide gap between "impossible" and "likely". I'm willing to bet against that myself up to 1:4 odds.

Is this the new shortselling chatroom?

[alan2here]

Buy $5, sell $5. On the one hand profit $0, but on the other loss $0. Trading has been really boring lately.

Howerver now :-)

I wish there was some way of leveraged trading at the moment.

[proudhon]

Buy $5, sell $5. On the one hand profit $0, but on the other loss $0. Trading has been really boring lately.

Howerver now :-)

I wish there was some way of leveraged trading at the moment.

Do you want to go long?

[alan2here]

Up, Buy. I'm not sure what that is it terms of long or short.

Although Iv'e missed when I wanted to do so now.

[proudhon]

Up, Buy. I'm not sure what that is it terms of long or short.

Although Iv'e missed when I wanted to do so now.

Well, if you want to buy on leverage, because you really, really believe the price is going to go up enough from here, then take out a cash advance on your credit card and transfer the money to an exchange.  I mean, really, that's no different than goofing around with bitcoinica in terms of value lost or gained.

[bitcoinBull]

Up, Buy. I'm not sure what that is it terms of long or short.

Although Iv'e missed when I wanted to do so now.

Well, if you want to buy on leverage, because you really, really believe the price is going to go up enough from here, then take out a cash advance on your credit card and transfer the money to an exchange.  I mean, really, that's no different than goofing around with bitcoinica in terms of value lost or gained.

Its completely different. You don't have to go into debt to trade with leverage.

[muyuu]

Up, Buy. I'm not sure what that is it terms of long or short.

Although Iv'e missed when I wanted to do so now.

Well, if you want to buy on leverage, because you really, really believe the price is going to go up enough from here, then take out a cash advance on your credit card and transfer the money to an exchange.  I mean, really, that's no different than goofing around with bitcoinica in terms of value lost or gained.

Its completely different. You don't have to go into debt to trade with leverage.

The liquidation risk is completely equivalent to the risk of just using a higher stake of your bank. The way Bitcoinica worked, there was basically no scenario for it to reduce risk, some brokers like Alpari do have some provisions. Depending on the interest it's pretty much the same of betting loaned money with collateral. (Except many people don't quite realise and get wiped more easily).

[proudhon]

Up, Buy. I'm not sure what that is it terms of long or short.

Although Iv'e missed when I wanted to do so now.

Well, if you want to buy on leverage, because you really, really believe the price is going to go up enough from here, then take out a cash advance on your credit card and transfer the money to an exchange.  I mean, really, that's no different than goofing around with bitcoinica in terms of value lost or gained.

Its completely different. You don't have to go into debt to trade with leverage.

I don't think it's that different.  If you're right, and the price goes up, you'll sell, take the profit, and pay off the debt.  If you're wrong and the price goes down, then you'll eventually sell, and owe the bank the difference between what you borrowed and what you ended up getting from the sell.  In the latter case, you lost value.

With leverage on bitcoinica, you have to deposit some value, and then you can magnify your profits with loans from bitcoinica.  If you buy on leverage, and the price goes up, you'd eventually sell, take the profit, and the rest, minus what you initially deposited, is returned to bitcoinica.  If you're wrong and the price goes down, you'd eventually sell or be liquidated, and you'd lose some or all of what you deposited.  Again, in the being-wrong case, you lose value.

We could quibble over which one is more efficient or safer, but in terms of going long, there isn't much difference in principle.

[molecular]

Up, Buy. I'm not sure what that is it terms of long or short.

Although Iv'e missed when I wanted to do so now.

Well, if you want to buy on leverage, because you really, really believe the price is going to go up enough from here, then take out a cash advance on your credit card and transfer the money to an exchange.  I mean, really, that's no different than goofing around with bitcoinica in terms of value lost or gained.

Its completely different. You don't have to go into debt to trade with leverage.

I don't think it's that different.  If you're right, and the price goes up, you'll sell, take the profit, and pay off the debt.  If you're wrong and the price goes down, then you'll eventually sell, and owe the bank the difference between what you borrowed and what you ended up getting from the sell.  In the latter case, you lost value.

With leverage on bitcoinica, you have to deposit some value, and then you can magnify your profits with loans from bitcoinica.  If you buy on leverage, and the price goes up, you'd eventually sell, take the profit, and the rest, minus what you initially deposited, is returned to bitcoinica.  If you're wrong and the price goes down, you'd eventually sell or be liquidated, and you'd lose some or all of what you deposited.  Again, in the being-wrong case, you lose value.

We could quibble over which one is more efficient or safer, but in terms of going long, there isn't much difference in principle.

with bitcoinica, he loses the precious bitcoins he already has, with the credit card solution, he owes the creditor fiat, but still has his precious bitcoins, which he might have to sell (at now lower price) to cover his debt.

Maybe the question is: who let's him wait longer... in both cases, waiting incurs cost (interest on credit card debt, fee for holding bitcoinica position)

[hiVe]

Naima53,

What do you mean or what do you want to know:
- who that team of people are?
- what they're doing?
- where they reside?
- eh?

Use correct phrases please, minimal effort, i am not native either.

[molecular]

what does this mean?