Let me use my common sense. Back on ignore you troll...
That's ironic (or pathetic), coming from an account that was created specifically to troll another user...
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 21874. (Read 26609743 times)
April 28, 2015, 01:15:52 PM
That's ironic (or pathetic), coming from an account that was created specifically to troll another user...
April 28, 2015, 01:14:37 PM
By the way, don't expect any major move before the 7th-11th May, we are gonna stay in the $210-$225 area until then.
THEN the big move either up or down.
Everything seems to paint a scary bearish picture so yeah, the real start of the next crash is a lot more probable than a breakout.
THEN the big move either up or down.
Everything seems to paint a scary bearish picture so yeah, the real start of the next crash is a lot more probable than a breakout.
Why those dates? (Don't tell me because lines on a history chart).
April 28, 2015, 01:14:07 PM
Last interview I heard with the CEO of Overstock, he said they still keep a percentage in BTC, so if you know otherwise, be kind and let us know the source...
SEC FORM 10-Q -REPORT For the quarterly period ended September 30, 2014
Quote
At present we do not accept bitcoin payments directly, but use a third party vendor to accept bitcoin payments on our behalf. That third party vendor then immediately converts the bitcoin payments into U.S. dollars so that we receive payment for the product sold at the sales price in U.S. dollars.
In the yearly report for 2014 they declare to hold bitcoins as an investment worth about 300'000$. For comparison, they hold about 10 M$ worth of precious metals and 180 M$ in "cash".
In the transcript of the spoken presentation to shareholders, Patrick also gave some disappointing numbers about bitcoin sales. Basically they dropped fast after the first few months, and were all domestic (US).
Those seem some decent numbers given the small market cap of Bitcoin. So basically you've got nothing real to back your previous statement.
April 28, 2015, 01:13:06 PM
By the way, don't expect any major move before the 7th-11th May, we are very probably gonna stay in the $210-$230 area until then.
THEN the big move either up or down.
Everything seems to paint a scary bearish picture so yeah, the real start of the next crash is a lot more probable than a breakout.
THEN the big move either up or down.
Everything seems to paint a scary bearish picture so yeah, the real start of the next crash is a lot more probable than a breakout.
April 28, 2015, 01:10:13 PM
some Chinese electricity company must surely realise soon that accepting and holding bitcoin would be a ridiculously successful strategy. Or is that banned?
Apart from the Chinese government's ban on using bitcoin as currency, the utilities (like all major merchants that "accept bitcoin", everywhere) will want to be paid in the national currency, promptly. They certainly do not want to invest in bitcoins; not even Overstock is doing that anymore. ASIC manufacturers and workers will want yuan, too. So the bitcoins corresponding to those expenses will have to be sold at the exchanges anyway.
The Chinese government presumably would be happier if the miners sold their bitcoins in the "Western" exchanges, thus adding to the effective Chinese foreign trade balance.
EDIT: Since we are on the topic, albeit off-topic: it was on news sites recently that some
EDIT2: fixed Mississippi not New England.
Last interview I heard with the CEO of Overstock, he said they still keep a percentage in BTC, so if you know otherwise, be kind and let us know the source...
Or are you just trolling with lies?
The only reason he is still staying at the CEO position is because he appologied and decided to stop losing company's 85% revenue to the
Did you go to the shareholders meeting or can you provide your source for this? Or should I just believe you because you're still a Newbie?
This is the common sense about how to run a company, now lets stop fantasizing and come back to the downtrend. Norway you must know that ignore the fact won't stop your money losing problem.
Let me use my common sense. Back on ignore you troll...
April 28, 2015, 01:09:07 PM
Last interview I heard with the CEO of Overstock, he said they still keep a percentage in BTC, so if you know otherwise, be kind and let us know the source...
SEC FORM 10-Q -REPORT For the quarterly period ended September 30, 2014
Quote
At present we do not accept bitcoin payments directly, but use a third party vendor to accept bitcoin payments on our behalf. That third party vendor then immediately converts the bitcoin payments into U.S. dollars so that we receive payment for the product sold at the sales price in U.S. dollars.
In the yearly report for 2014 they declare to hold bitcoins as an investment worth about 300'000$. For comparison, they hold about 10 M$ worth of precious metals and 180 M$ in "cash".
In the transcript of the spoken presentation to shareholders, Patrick also gave some disappointing numbers about bitcoin sales. Basically they dropped fast after the first few months, and were all domestic (US).
April 28, 2015, 01:00:33 PM
some Chinese electricity company must surely realise soon that accepting and holding bitcoin would be a ridiculously successful strategy. Or is that banned?
Apart from the Chinese government's ban on using bitcoin as currency, the utilities (like all major merchants that "accept bitcoin", everywhere) will want to be paid in the national currency, promptly. They certainly do not want to invest in bitcoins; not even Overstock is doing that anymore. ASIC manufacturers and workers will want yuan, too. So the bitcoins corresponding to those expenses will have to be sold at the exchanges anyway.
The Chinese government presumably would be happier if the miners sold their bitcoins in the "Western" exchanges, thus adding to the effective Chinese foreign trade balance.
EDIT: Since we are on the topic, albeit off-topic: it was on news sites recently that some
EDIT2: fixed Mississippi not New England.
Last interview I heard with the CEO of Overstock, he said they still keep a percentage in BTC, so if you know otherwise, be kind and let us know the source...
Or are you just trolling with lies?
The only reason he is still staying at the CEO position is because he appologied and decided to stop losing company's 85% revenue to the
Another troll to the ignore list...
April 28, 2015, 12:59:17 PM
some Chinese electricity company must surely realise soon that accepting and holding bitcoin would be a ridiculously successful strategy. Or is that banned?
Apart from the Chinese government's ban on using bitcoin as currency, the utilities (like all major merchants that "accept bitcoin", everywhere) will want to be paid in the national currency, promptly. They certainly do not want to invest in bitcoins; not even Overstock is doing that anymore. ASIC manufacturers and workers will want yuan, too. So the bitcoins corresponding to those expenses will have to be sold at the exchanges anyway.
The Chinese government presumably would be happier if the miners sold their bitcoins in the "Western" exchanges, thus adding to the effective Chinese foreign trade balance.
EDIT: Since we are on the topic, albeit off-topic: it was on news sites recently that some
EDIT2: fixed Mississippi not New England.
Last interview I heard with the CEO of Overstock, he said they still keep a percentage in BTC, so if you know otherwise, be kind and let us know the source...
Or are you just trolling with lies?
The only reason he is still staying at the CEO position is because he appologied and decided to stop losing company's 85% revenue to the
Did you go to the shareholders meeting or can you provide your source for this? Or should I just believe you because you're still a Newbie?
April 28, 2015, 12:58:07 PM
April 28, 2015, 12:49:06 PM
smart bears are waiting for double digits like I do.
you are not scaring anyone with fake bid walls and buys on illiquid exchanges.
you are not scaring anyone with fake bid walls and buys on illiquid exchanges.
The bid/ask walls are always a theatre. Don't base your trading on that.
agree, we have to consider more about the done transaction volume and price. thats more important imo
April 28, 2015, 12:43:18 PM
smart bears are waiting for double digits like I do.
you are not scaring anyone with fake bid walls and buys on illiquid exchanges.
you are not scaring anyone with fake bid walls and buys on illiquid exchanges.
April 28, 2015, 12:38:06 PM
smart bears are waiting for double digits like I do.
you are not scaring anyone with fake bid walls and buys on illiquid exchanges.
you are not scaring anyone with fake bid walls and buys on illiquid exchanges.
Every exchange is illiquid, that's why we've dropped so low. They all have fake bid walls, but more importantly they also have lots of fake ask walls.
April 28, 2015, 12:33:54 PM
smart bears are waiting for double digits like I do.
you are not scaring anyone with fake bid walls and buys on illiquid exchanges.
you are not scaring anyone with fake bid walls and buys on illiquid exchanges.
The bid/ask walls are always a theatre. Don't base your trading on that.
April 28, 2015, 12:32:37 PM
some Chinese electricity company must surely realise soon that accepting and holding bitcoin would be a ridiculously successful strategy. Or is that banned?
Apart from the Chinese government's ban on using bitcoin as currency, the utilities (like all major merchants that "accept bitcoin", everywhere) will want to be paid in the national currency, promptly. They certainly do not want to invest in bitcoins; not even Overstock is doing that anymore. ASIC manufacturers and workers will want yuan, too. So the bitcoins corresponding to those expenses will have to be sold at the exchanges anyway.
The Chinese government presumably would be happier if the miners sold their bitcoins in the "Western" exchanges, thus adding to the effective Chinese foreign trade balance.
EDIT: Since we are on the topic, albeit off-topic: it was on news sites recently that some
EDIT2: fixed Mississippi not New England.
Last interview I heard with the CEO of Overstock, he said they still keep a percentage in BTC, so if you know otherwise, be kind and let us know the source...
Or are you just trolling with lies?
April 28, 2015, 12:31:47 PM
If you cannot see what suddenly allowing the vast sea of investment capital (multi trillion dollar pool) access to btc could potentially do to the price then I can't help you. Just fifty million USD would smash the price into the stratosphere.
Big picture remains that bitcoin is an excellent assymetric financial bet to speculate upon. Why do you think all the trolls and bears are really here?
Good point that a paper BTC derivitave (like GBTC and COIN) will attract a small but significant sum of money from investors who want to hedge against recessions and market/currency/economic crises. It's yet another tool for portfolio management.
This fact alone puts it on the radar for Wall Street, who make money selling these investment instruments to the public. They have undoubtedly "helped" the bear market due to the fact that there are so many green traders who are easy to shake out.
Think about this: Hedge funds aren't allowed to buy bull markets--in fact this is a great way to lose your job of you work for one--instead they buy down markets. When they buy, they buy low and they make sure to not mark the price up. Why would they make you rich at their expense? If the $200 level holds it's good evidence that these prices are "low" to whomever seeks to build a position in Bitcoin, and they hope to revisit higher price levels in the future.
Seeing how twitchy and hungry for good news this market is, watch everyone fat finger the margin buy button if GBTC begins trading at any price above spot.
I agree, sir. I called "Wall Street Monday" more than a week ago, but it didn't happen. I still believe the "launch" will be planned and timed by sentral players, but I will never try to predict the timing. Ever. Again.
cmon now... you are scaring the bears. they still has hope that price will hit lower than 200 at least once so they can buy cover their short
He he. If you short for over a year, and it works almost every time, it's hard to kick the habit. My strategy has always been to buy as much as I can as fast as I can. Because I can't predict the near future, but I see the long term potential of bitcoin. I'm surprised that not more big investors see it my way. Maybe I'm over rating big investors long term skills
April 28, 2015, 12:26:56 PM
smart bears are waiting for double digits like I do.
you are not scaring anyone with fake bid walls and buys on illiquid exchanges.
you are not scaring anyone with fake bid walls and buys on illiquid exchanges.
April 28, 2015, 12:25:37 PM
http://moneymorning.com/ext/articles/rickards/chinese-plan-to-destroy-us-dollar.php?iris=358073&ad=wc-am-cfem
but strong yuan destroyed the Chinese economy-based on the cheap people from rural areas. the way they already occurring.
for example, a large manufacturer returns to Europe, sneakers, t-shirts ...
Current blog on one man who manage a com- pany in China and have huge problems finding common people to work. After the holidays, they typically did not return because they find the third likewise paid work at home in the countryside.
bitcoin must find other uses such as wash money from different versions cryptolocker or a new version of the Silk Road
but strong yuan destroyed the Chinese economy-based on the cheap people from rural areas. the way they already occurring.
for example, a large manufacturer returns to Europe, sneakers, t-shirts ...
Current blog on one man who manage a com- pany in China and have huge problems finding common people to work. After the holidays, they typically did not return because they find the third likewise paid work at home in the countryside.
bitcoin must find other uses such as wash money from different versions cryptolocker or a new version of the Silk Road April 28, 2015, 12:20:49 PM
If you cannot see what suddenly allowing the vast sea of investment capital (multi trillion dollar pool) access to btc could potentially do to the price then I can't help you. Just fifty million USD would smash the price into the stratosphere.
Big picture remains that bitcoin is an excellent assymetric financial bet to speculate upon. Why do you think all the trolls and bears are really here?
Good point that a paper BTC derivitave (like GBTC and COIN) will attract a small but significant sum of money from investors who want to hedge against recessions and market/currency/economic crises. It's yet another tool for portfolio management.
This fact alone puts it on the radar for Wall Street, who make money selling these investment instruments to the public. They have undoubtedly "helped" the bear market due to the fact that there are so many green traders who are easy to shake out.
Think about this: Hedge funds aren't allowed to buy bull markets--in fact this is a great way to lose your job of you work for one--instead they buy down markets. When they buy, they buy low and they make sure to not mark the price up. Why would they make you rich at their expense? If the $200 level holds it's good evidence that these prices are "low" to whomever seeks to build a position in Bitcoin, and they hope to revisit higher price levels in the future.
Seeing how twitchy and hungry for good news this market is, watch everyone fat finger the margin buy button if GBTC begins trading at any price above spot.
I agree, sir. I called "Wall Street Monday" more than a week ago, but it didn't happen. I still believe the "launch" will be planned and timed by sentral players, but I will never try to predict the timing. Ever. Again.
cmon now... you are scaring the bears. they still has hope that price will hit lower than 200 at least once so they can buy cover their short
April 28, 2015, 12:17:28 PM
If you cannot see what suddenly allowing the vast sea of investment capital (multi trillion dollar pool) access to btc could potentially do to the price then I can't help you. Just fifty million USD would smash the price into the stratosphere.
Big picture remains that bitcoin is an excellent assymetric financial bet to speculate upon. Why do you think all the trolls and bears are really here?
Good point that a paper BTC derivitave (like GBTC and COIN) will attract a small but significant sum of money from investors who want to hedge against recessions and market/currency/economic crises. It's yet another tool for portfolio management.
This fact alone puts it on the radar for Wall Street, who make money selling these investment instruments to the public. They have undoubtedly "helped" the bear market due to the fact that there are so many green traders who are easy to shake out.
Think about this: Hedge funds aren't allowed to buy bull markets--in fact this is a great way to lose your job of you work for one--instead they buy down markets. When they buy, they buy low and they make sure to not mark the price up. Why would they make you rich at their expense? If the $200 level holds it's good evidence that these prices are "low" to whomever seeks to build a position in Bitcoin, and they hope to revisit higher price levels in the future.
Seeing how twitchy and hungry for good news this market is, watch everyone fat finger the margin buy button if GBTC begins trading at any price above spot.
I agree, sir. I called "Wall Street Monday" more than a week ago, but it didn't happen. I still believe the "launch" will be planned and timed by central players, but I will never try to predict the timing. Ever. Again.
April 28, 2015, 12:16:50 PM
If you cannot see what suddenly allowing the vast sea of investment capital (multi trillion dollar pool) access to btc could potentially do to the price then I can't help you. Just fifty million USD would smash the price into the stratosphere.
Big picture remains that bitcoin is an excellent assymetric financial bet to speculate upon. Why do you think all the trolls and bears are really here?
Good point that a paper BTC derivitave (like GBTC and COIN) will attract a small but significant sum of money from investors who want to hedge against recessions and market/currency/economic crises. It's yet another tool for portfolio management.
This fact alone puts it on the radar for Wall Street, who make money selling these investment instruments to the public. They have undoubtedly "helped" the bear market due to the fact that there are so many green traders who are easy to shake out.
Think about this: Hedge funds aren't allowed to buy bull markets--in fact this is a great way to lose your job of you work for one--instead they buy down markets. When they buy, they buy low and they make sure to not mark the price up. Why would they make you rich at their expense? If the $200 level holds it's good evidence that these prices are "low" to whomever seeks to build a position in Bitcoin, and they hope to revisit higher price levels in the future.
Seeing how twitchy and hungry for good news this market is, watch everyone fat finger the margin buy button if GBTC begins trading at any price above spot.
Exactly. Which is why the huge overhang of 32000 shorts is brilliant. Relatively modest buying is all that is needed to start a nice little upswing back towards 300.
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