danieldaniel: Seriously, ask a trader.
You could wake me at 4am and play Rick roll for 10 hours nonstop and then hang me upside down to post, there's no way in hell I'd make that mistake.
It's the ESSENCE of his business. It's supposed to be what he is doing, the source of all the funds! This post is a killer.
Topic: BS&T -- Are you staying or leaving? - page 10. (Read 24789 times)
Why would I want to call bitpay for ya? You can not be serious.
And chances are that right now you call in with 135k$ deal and they will sell you BTC (if they think you could be trusted counter party) at the spot price. Moving mtgox by exactly 0%.
As simple as that.
And chances are that right now you call in with 135k$ deal and they will sell you BTC (if they think you could be trusted counter party) at the spot price. Moving mtgox by exactly 0%.
As simple as that.
Trading your tiny amounts of BTC has created a false perception of how you think this market works. Just another reason why I don't enjoy swimming in this pool.
None of this explains how bitcoins are repurchased to pay back lenders without driving up the price anyway.
This is huge.
This is huge.
If you don't understand that part, I can't help you. RUN AWAY!
Pirate, see my last post? GPUMAX? Is that it?
Pirateat40 has made a post that implies he works on currency trading.
His post demonstrates he is completely clueless about currency trading.
One: You can do that easily in the active order book.
Two: Any trader doing BTCUSD knows the order book only shows a fraction of short-time volume.
Three: The 2% limit cannot yield 7% for his customers.
This is it. This is not just faint evidence. This is an absolutely enormous undeniable fuckup. Pirateat40 implies to be currency trading, but there is no way in hell a currency trader would make that post.
I'm doing a writeup. Game over, don't even try. Yes, I do currency trading, and you should see the other traders' faces when they read this.
Sorry, I'm kinda a noob with trading shit. But:His post demonstrates he is completely clueless about currency trading.
One: You can do that easily in the active order book.
Two: Any trader doing BTCUSD knows the order book only shows a fraction of short-time volume.
Three: The 2% limit cannot yield 7% for his customers.
This is it. This is not just faint evidence. This is an absolutely enormous undeniable fuckup. Pirateat40 implies to be currency trading, but there is no way in hell a currency trader would make that post.
I'm doing a writeup. Game over, don't even try. Yes, I do currency trading, and you should see the other traders' faces when they read this.
OH NO! PIRATE WAS TIRED IN THE MORNING AND MADE A STUPID POST!
HE IS OBVIOUSLY A SCAMMER AND PONZI!
/troll off.
Vandroiy has made a post all in bold! He has convinced himself he's right yet again and he clearly knows much better than all of us!
Look, all you wannabee crusaders. We're all adults here. What I choose to do with my own money is my own business. I don't have anything invested I can't afford to lose. It's lovely of you to be so concerned, but please, give it a rest. I'll make up my own mind thanks very much.
Could we potentially lose all our coins? Yes.
Could Bitcoin randomly drop to almost nothing tomorrow due to [insert reason here]? Yes.
Could I get hit by a bus tomorrow and all this would have been pointless? Yes.
Just..... relax. If you don't have money invested, lovely. Good for you. If you do have money invested, lovey. Good for you.
Just stop thinking you know better than everyone else and let people make their own decisions.
Look, all you wannabee crusaders. We're all adults here. What I choose to do with my own money is my own business. I don't have anything invested I can't afford to lose. It's lovely of you to be so concerned, but please, give it a rest. I'll make up my own mind thanks very much.
Could we potentially lose all our coins? Yes.
Could Bitcoin randomly drop to almost nothing tomorrow due to [insert reason here]? Yes.
Could I get hit by a bus tomorrow and all this would have been pointless? Yes.
Just..... relax. If you don't have money invested, lovely. Good for you. If you do have money invested, lovey. Good for you.
Just stop thinking you know better than everyone else and let people make their own decisions.
None of this explains how bitcoins are repurchased to pay back lenders without driving up the price anyway.
This is huge.
This is huge.
If you don't understand that part, I can't help you. RUN AWAY!
Pirateat40 has made a post that implies he works on currency trading.
His post demonstrates he is completely clueless about currency trading.
One: You can do that easily in the active order book.
Two: Any trader doing BTCUSD knows the order book only shows a fraction of short-time volume.
three: The 2% limit cannot yield 7% for his customers.
This is it. This is not just faint evidence. This is an absolutely enormous undeniable fuckup. Pirateat40 implies to be currency trading, but there is no way in hell a currency trader would make that post.
I'm doing a writeup. Game over, don't even try. Yes, I do currency trading, and you should see the other traders' faces when they read this.
His post demonstrates he is completely clueless about currency trading.
One: You can do that easily in the active order book.
Two: Any trader doing BTCUSD knows the order book only shows a fraction of short-time volume.
three: The 2% limit cannot yield 7% for his customers.
This is it. This is not just faint evidence. This is an absolutely enormous undeniable fuckup. Pirateat40 implies to be currency trading, but there is no way in hell a currency trader would make that post.
I'm doing a writeup. Game over, don't even try. Yes, I do currency trading, and you should see the other traders' faces when they read this.
Quoted for goodness sake.
Pirateat40 has made a post that implies he works on currency trading.
His post demonstrates he is completely clueless about currency trading.
One: You can do that easily in the active order book.
Two: Any trader doing BTCUSD knows the order book only shows a fraction of short-time volume.
Three: The 2% limit cannot yield 7% for his customers.
This is it. This is not just faint evidence. This is an absolutely enormous undeniable fuckup. Pirateat40 implies to be currency trading, but there is no way in hell a currency trader would make that post.
I'm doing a writeup. Game over, don't even try. Yes, I do currency trading, and you should see the other traders' faces when they read this.
His post demonstrates he is completely clueless about currency trading.
One: You can do that easily in the active order book.
Two: Any trader doing BTCUSD knows the order book only shows a fraction of short-time volume.
Three: The 2% limit cannot yield 7% for his customers.
This is it. This is not just faint evidence. This is an absolutely enormous undeniable fuckup. Pirateat40 implies to be currency trading, but there is no way in hell a currency trader would make that post.
I'm doing a writeup. Game over, don't even try. Yes, I do currency trading, and you should see the other traders' faces when they read this.
Just take this and run with it for a minute..,
Pirate borrows coins, sells to cash buyers, (somehow) puts cash into gpumax, repays lenders with fresh coins. Can anyone check the blockchain on that?
Pirate borrows coins, sells to cash buyers, (somehow) puts cash into gpumax, repays lenders with fresh coins. Can anyone check the blockchain on that?
This got buried... Thoughts?
This doesn't solve exp. growth, but it explains how the price wouldnt move and why gpumax exists in the first place.
@Vandroiy
Let's say you have 135K USD right now. I need you to buy Bitcoins without changing the Mt.Gox rate by 2%. You have 3 days to do it, nah I'll give you 7 days. GO!!!
Let me know how that works out for you.
Let's say you have 135K USD right now. I need you to buy Bitcoins without changing the Mt.Gox rate by 2%. You have 3 days to do it, nah I'll give you 7 days. GO!!!
Let me know how that works out for you.
$135k right now all at once moves the price to $6.75, which is only 3%. A far cry from a compounding 7% every 7 days. See you at defcon! lol
LOL
That was priceless. Uhm, using average, yup. Pirateat, this is trivial.
Guys. This was a major screwup. A MAJOR SCREWEUP. He's fucked. Game over. There is ABSOLUTELY NO WAY PIRATEAT CAN EXPLAIN THIS FUCKUP!
Spread this post, we won!
A trader doing business at this profit would never ever make such a large mistake in guessing trade volumes. He's off by FAR. Actual volumes ALWAYS and MASSIVELY overdo the order book volume.
...
challenge : "try doing it without moving the price more than 2%"
"shows a way that moves the price more than 2%"
"VICTORY" ?
@Vandroiy
Let's say you have 135K USD right now. I need you to buy Bitcoins without changing the Mt.Gox rate by 2%. You have 3 days to do it, nah I'll give you 7 days. GO!!!
Let me know how that works out for you.
Let's say you have 135K USD right now. I need you to buy Bitcoins without changing the Mt.Gox rate by 2%. You have 3 days to do it, nah I'll give you 7 days. GO!!!
Let me know how that works out for you.
$135k right now all at once moves the price to $6.75, which is only 3%. A far cry from a compounding 7% every 7 days. See you at defcon! lol
LOL
That was priceless. Uhm, using average, yup. Pirateat, this is trivial.
Guys. This was a major screwup. A MAJOR SCREWEUP. He's fucked. Game over. There is ABSOLUTELY NO WAY PIRATEAT CAN EXPLAIN THIS FUCKUP!
Spread this post, we won!
A trader doing business at this profit would never ever make such a large mistake in guessing trade volumes. He's off by FAR. Actual volumes ALWAYS and MASSIVELY overdo the order book volume.
Just take this and run with it for a minute..,
Pirate borrows coins, sells to cash buyers, (somehow) puts cash into gpumax, repays lenders with fresh coins. Can anyone check the blockchain on that?
Pirate borrows coins, sells to cash buyers, (somehow) puts cash into gpumax, repays lenders with fresh coins. Can anyone check the blockchain on that?
Nope. If you watch the payments to bitcoin miners from gpumax, those coins are dirtier than a $2 hooker.
Edit: Not dirty as in scam dirty, dirty as in used.
Just take this and run with it for a minute..,
Pirate borrows coins, sells to cash buyers, (somehow) puts cash into gpumax, repays lenders with fresh coins. Can anyone check the blockchain on that?
Pirate borrows coins, sells to cash buyers, (somehow) puts cash into gpumax, repays lenders with fresh coins. Can anyone check the blockchain on that?
I've answered your question, Pirate.
Now you answer mine please.
Is there any hard evidence of any value producing economic activity of your operation except taking deposits, paying "dividends" and converting BTC into USD?
i.e. marketing, PR and damage control do not count.
I think it is a simple and fair question that any legitimate business, even anonymous one, should be able to answer quickly and easily.
Now you answer mine please.
Is there any hard evidence of any value producing economic activity of your operation except taking deposits, paying "dividends" and converting BTC into USD?
i.e. marketing, PR and damage control do not count.
I think it is a simple and fair question that any legitimate business, even anonymous one, should be able to answer quickly and easily.
Just brainstorming on my own over here.
@Vandroiy
Let's say you have 135K USD right now. I need you to buy Bitcoins without changing the Mt.Gox rate by 2%. You have 3 days to do it, nah I'll give you 7 days. GO!!!
Let me know how that works out for you.
Let's say you have 135K USD right now. I need you to buy Bitcoins without changing the Mt.Gox rate by 2%. You have 3 days to do it, nah I'll give you 7 days. GO!!!
Let me know how that works out for you.
$135k right now all at once moves the price to $6.75, which is only 3%. A far cry from a compounding 7% every 7 days. See you at defcon! lol
Repay lenders with coins bought at a premium from miners, a smaller premium than the cash buyers pay.
Why would I want to call bitpay for ya? You can not be serious.
And chances are that right now you call in with 135k$ deal and they will sell you BTC (if they think you could be trusted counter party) at the spot price. Moving mtgox by exactly 0%.
As simple as that.
And chances are that right now you call in with 135k$ deal and they will sell you BTC (if they think you could be trusted counter party) at the spot price. Moving mtgox by exactly 0%.
As simple as that.
Oh, shit. GPUMAX??
@Vandroiy
Let's say you have 135K USD right now. I need you to buy Bitcoins without changing the Mt.Gox rate by 2%. You have 3 days to do it, nah I'll give you 7 days. GO!!!
Let me know how that works out for you.
Let's say you have 135K USD right now. I need you to buy Bitcoins without changing the Mt.Gox rate by 2%. You have 3 days to do it, nah I'll give you 7 days. GO!!!
Let me know how that works out for you.
Ok I'll bite. What difference does it make if I buy bitcoins directly OTC or on various exchanges vs your selling me what you borrowed and then being forced to buy back what you sold me and then some to pay your "investors", please explain how the price isn't going to move almost exactly the same?
Also explain how come no one had any loses when you sold bitcoins before the recent exchange rate increase and had to buy them back and still meet your obligations. Did you foot the loses or did your "investors" and they are keeping quiet?
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