$3 jump | Bitcointalksearch.org

niemivh

full member

Activity: 196

Merit: 100

Quote from: bodhipraxis on June 17, 2011, 07:12:49 PM

Quote from: marcus_of_augustus on June 17, 2011, 06:59:03 PM

anybody got a clue on why both MtGOX and TradeHill have US bank accounts in Delaware? what is special about that state?

Delaware is a major tax and bank haven, right in the mouth of the lion. See, for instance:

http://www.guardian.co.uk/business/2009/nov/01/delaware-leading-tax-haven

Delaware allows you to obscure accountholder names.

Cheesy

+1

Delaware is actually the biggest tax haven in the world according to the guy who wrote the book on tax havens.
http://www.amazon.com/Treasure-Islands-Uncovering-Offshore-Banking/dp/0230105017/ref=sr_1_1?ie=UTF8&qid=1308361230&sr=8-1

Steve

hero member

Activity: 868

Merit: 1008

Quote from: DonnyCMU on June 17, 2011, 07:30:58 PM

Actually... I think I know why.

3PM PST, Dwolla e-mail me (and probably many people) that the bank deposit has finally been cleared.
I have been waiting for this since Monday.

And it would take only 10-15 min. to deposit that into Mt.Gox today.

Short moment afterwards.... $3 spike

Sadly, I'm not monitoring my mail, and miss the mini-rally.

Bingo! With all the talk that the weekend brings a drop in prices due to ACH transfers not being processed, my thesis is that everyone has staged money for the weekend in order to take advantage of the drop. Therefore, I bought today, just ahead of this weekend's surge. Wink

...only time will tell if my thesis is correct.

hazek

legendary

Activity: 1078

Merit: 1003

Quote from: piuk on June 17, 2011, 06:10:12 PM

and yet were still rising. The insanity that is bitcoin.

You do realize mtgox shows 27% of bids from spot down and 73% of asks from spot up, do you?

marcus_of_augustus

legendary

Activity: 3920

Merit: 2349

Eadem mutata resurgo

Quote from: bodhipraxis on June 17, 2011, 07:12:49 PM

Quote from: marcus_of_augustus on June 17, 2011, 06:59:03 PM

anybody got a clue on why both MtGOX and TradeHill have US bank accounts in Delaware? what is special about that state?

Delaware is a major tax and bank haven, right in the mouth of the lion. See, for instance:

http://www.guardian.co.uk/business/2009/nov/01/delaware-leading-tax-haven

Delaware allows you to obscure accountholder names.

Cheesy

Ha! So the new meme is;

"Oh. so you've got "DELAWARE BANK ACCOUNT" ... nudge, nudge, wink, wink.

... what hypocrits, after trashing Swiss banking privacy laws that are 250 years old and worked just fine, as designed, for protecting customers from predator banks, the US has got the biggest tax shelter on the planet next door to Washington and NY ... US is seriously messed-up in the head.

DonnyCMU

full member

Activity: 143

Merit: 100

Actually... I think I know why.

3PM PST, Dwolla e-mail me (and probably many people) that the bank deposit has finally been cleared.
I have been waiting for this since Monday.

And it would take only 10-15 min. to deposit that into Mt.Gox today.

Short moment afterwards.... $3 spike

Sadly, I'm not monitoring my mail, and miss the mini-rally.

bodhipraxis

newbie

Activity: 56

Merit: 0

Quote from: marcus_of_augustus on June 17, 2011, 06:59:03 PM

anybody got a clue on why both MtGOX and TradeHill have US bank accounts in Delaware? what is special about that state?

Delaware is a major tax and bank haven, right in the mouth of the lion. See, for instance:

http://www.guardian.co.uk/business/2009/nov/01/delaware-leading-tax-haven

Delaware allows you to obscure accountholder names.

Cheesy

marcus_of_augustus

legendary

Activity: 3920

Merit: 2349

Eadem mutata resurgo

MtGOX said they were "cooperating with the authorities" ... is tantamount to them saying "MtGOX was a honeypot for people searching for privacy"

... I think the privacy-conscious money has decided MtGOX is a risk that is not worth it right now ....

anybody got a clue on why both MtGOX and TradeHill have US bank accounts in Delaware? what is special about that state?

SgtSpike

legendary

Activity: 1400

Merit: 1005

Quote from: Oldminer on June 17, 2011, 06:32:44 PM

Ever dropped a ball from a roof and noticed what happens when it hits the ground?

It depends... what material is the ball and the ground made of?

Goldenmaw

member

Activity: 84

Merit: 10

Quote from: imperi on June 17, 2011, 06:40:59 PM

According to linear regression theory, it would continue downwards.

According to linear progression theory, it will continue upwards!

imperi

full member

Activity: 196

Merit: 101

Quote from: Oldminer on June 17, 2011, 06:32:44 PM

Ever dropped a ball from a roof and noticed what happens when it hits the ground?

According to linear regression theory, it would continue downwards.

Oldminer

legendary

Activity: 1022

Merit: 1001

Ever dropped a ball from a roof and noticed what happens when it hits the ground?

piuk

hero member

Activity: 910

Merit: 1005

Quote from: KingFisher9 on June 17, 2011, 06:16:37 PM

And.....just like that its at 14.8 a few minutes later

Is it normal for a market to have so many more sellers than buyers? Is this happening because of a lack of faith in BTC? Is this a sign that its over valued? Or are the early adopters simply trying to cash in their profits?

It's "normal" for bitcoin (although not as drastic as that usually), it's not normal for most markets. http://bitcoincharts.com/markets/mtgoxUSD_depth.html

Quote from: Garrett Burgwardt on June 17, 2011, 06:11:22 PM

Dark pools, bro.

Your right, someone is still snapping them up around $14.

Bitcoin Swami

full member

Activity: 182

Merit: 100

Maybe all the buyers are moving over to trade hill and all the bitcoin sellers are still at good ole mt. gox.

Grant

full member

Activity: 210

Merit: 100

Quote from: KingFisher9 on June 17, 2011, 06:20:04 PM

where did you get that chart?

Here: http://bitcoincharts.com/markets/mtgoxUSD_depth.html

KingFisher9

member

Activity: 280

Merit: 10

Quote from: piuk on June 17, 2011, 06:10:12 PM

and yet were still rising. The insanity that is bitcoin.

14.21 now

where did you get that chart?

KingFisher9

member

Activity: 280

Merit: 10

And.....just like that its at 14.8 a few minutes later

Is it normal for a market to have so many more sellers than buyers? Is this happening because of a lack of faith in BTC? Is this a sign that its over valued? Or are the early adopters simply trying to cash in their profits?

SgtSpike

legendary

Activity: 1400

Merit: 1005

Well that was fun.

AtomicTrader

newbie

Activity: 34

Merit: 0

Back down she goes. Where she lands no one know.

Bitcoin Swami

full member

Activity: 182

Merit: 100

Quote from: Garrett Burgwardt on June 17, 2011, 06:11:22 PM

Quote from: piuk on June 17, 2011, 06:10:12 PM

and yet were still rising. The insanity that is bitcoin.

Dark pools, bro.

Hey excuse my ignorance, but what is a dark pool?

Garrett Burgwardt

sr. member

Activity: 406

Merit: 256

Quote from: piuk on June 17, 2011, 06:10:12 PM

and yet were still rising. The insanity that is bitcoin.

Dark pools, bro.

Topic: $3 jump (Read 2861 times)