where is lambchop?
he's contemplating the fact that with the fall of AM there will be no one left to troll in the securities section, only repetitions of "I told you so". I feel bad for the little lamb.
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 22495. (Read 26608271 times)
March 11, 2015, 07:21:21 AM
he's contemplating the fact that with the fall of AM there will be no one left to troll in the securities section, only repetitions of "I told you so". I feel bad for the little lamb.
March 11, 2015, 07:14:34 AM
EUR/USD$1.05!!! Parity inbound! All you Europeans, Yer-a-peein' on your currency.
It's about time the stuck up ECB did something other than sit on their hands. Now it's the turn of the americans and chinese to buy our artificially under priced goods for a couple of decades.
Absolutely! Of course you'll let us buy on credit, right? (because that worked out so well with Greece)
You'll have to join the Euro. I would love to see Fox News go apeshit if that happened.
March 11, 2015, 07:12:45 AM
where is lambchop?
March 11, 2015, 07:12:13 AM
EUR/USD$1.05!!! Parity inbound! All you Europeans, Yer-a-peein' on your currency.
It's about time the stuck up ECB did something other than sit on their hands. Now it's the turn of the americans and chinese to buy our artificially under priced goods for a couple of decades.
Absolutely! Of course you'll let us buy on credit, right? (because that worked out so well with Greece)
March 11, 2015, 07:06:29 AM
EUR/USD$1.05!!! Parity inbound! All you Europeans, Yer-a-peein' on your currency.
It's about time the stuck up ECB did something other than sit on their hands. Now it's the turn of the americans and chinese to buy our artificially under priced goods for a couple of decades.
March 11, 2015, 06:59:11 AM
March 11, 2015, 06:54:48 AM
finex hidden sell wall @ 293.7
seems so, there was a dump around that price of around 1000BTC a short while ago.
amalgamating various trading ideas here and adding my limited intuition to say we had a medium term top yesterday.
frustratingly pulled short sell orders at 299 and 304 due to infectious rabid bull fever.
March 11, 2015, 06:39:56 AM
March 11, 2015, 06:35:10 AM
finex hidden sell wall @ 293.7
March 11, 2015, 06:34:29 AM
Seems like a snowfall in the markets as they have been silent since yesterday, not much movements and the volubility of people has since been harmonizing with the value of BTC.
March 11, 2015, 06:31:20 AM
ELI5: How can an isolated black box of derivates market with only USD inside put a downward preassure on bitcoin price in USD? (I'm not suprised if it is actually possible.)
March 11, 2015, 06:25:05 AM
Continentals, listen up. Risk free* trade:
1. Buy BTC in Euros on Stamp and Kraken
2. send BTC to BFX in Hongkong (takes ~ 30 min)
3. Sell for USD
4. Lend out USD for ~40% annual interest (that's what I'm getting)
BOOM! You're hedged against Euro devaluation AND getting a nice vig
* obviously there is risk in any trade
Where are you getting 40% interest on lending USD? And how?1. Buy BTC in Euros on Stamp and Kraken
2. send BTC to BFX in Hongkong (takes ~ 30 min)
3. Sell for USD
4. Lend out USD for ~40% annual interest (that's what I'm getting)
BOOM! You're hedged against Euro devaluation AND getting a nice vig
* obviously there is risk in any trade
on Bitfinex, go to "Total Return Swaps" page, offer USD swaps. I'm currently getting 0.117% daily interest, which translates to (365 day in a year) 42.7% annual interest. Of course it may be higher because interest is compounded, but may be lower as the contracts are for 30 days or less and I may not get so much in the future. (I may get moar!)
I'm in GBPland so there is a first step that kind of gets in the way... so near, yet so far...
March 11, 2015, 06:18:37 AM
EUR/USD$1.05!!! Parity inbound! All you Europeans, Yer-a-peein' on your currency.
Sweet mother of jingo!
It wasn't exactly a bad period for the US economy when the Euro traded a lot higher than the Dollar... wonder how the poor Eurozone will deal with this terrible, terrible blow ^_^
Personally as well, I'm pretty happy with the rate. My trading account is denominated in USD, so I profit twice, and I think I'll be able to survive the marginally increased cost of the occasional vacation to the US.
Hope they just become the same already, tired of calculating conversions
March 11, 2015, 06:11:10 AM
Okay. I will see. Surely will
But keep in mind that this is in no way 'risk free'. It could always come to a situation of a cascading crash where there aren't enough buyers for the BTC to guarantee that you get all your money back. They've got some insurances in place, but if all goes wrong or Bitfinex goes bust, you've got yourself a 0% ROI...
March 11, 2015, 06:08:27 AM
Continentals, listen up. Risk free* trade:
1. Buy BTC in Euros on Stamp and Kraken
2. send BTC to BFX in Hongkong (takes ~ 30 min)
3. Sell for USD
4. Lend out USD for ~40% annual interest (that's what I'm getting)
BOOM! You're hedged against Euro devaluation AND getting a nice vig
* obviously there is risk in any trade
Where are you getting 40% interest on lending USD? And how?1. Buy BTC in Euros on Stamp and Kraken
2. send BTC to BFX in Hongkong (takes ~ 30 min)
3. Sell for USD
4. Lend out USD for ~40% annual interest (that's what I'm getting)
BOOM! You're hedged against Euro devaluation AND getting a nice vig
* obviously there is risk in any trade
I believe he's talking about lending the USD on Bitfinex in terms of swaps. People need it for margin/leveraged trading. You lend them USD, they buy more BTC with it than they could afford otherwise and make more profit. If the price goes down though, they're forced to liquidate and may end up losing everything. You are *supposed* to be safe when lending there.
Continentals, listen up. Risk free* trade:
1. Buy BTC in Euros on Stamp and Kraken
2. send BTC to BFX in Hongkong (takes ~ 30 min)
3. Sell for USD
4. Lend out USD for ~40% annual interest (that's what I'm getting)
BOOM! You're hedged against Euro devaluation AND getting a nice vig
* obviously there is risk in any trade
Where are you getting 40% interest on lending USD? And how?1. Buy BTC in Euros on Stamp and Kraken
2. send BTC to BFX in Hongkong (takes ~ 30 min)
3. Sell for USD
4. Lend out USD for ~40% annual interest (that's what I'm getting)
BOOM! You're hedged against Euro devaluation AND getting a nice vig
* obviously there is risk in any trade
on Bitfinex, go to "Total Return Swaps" page, offer USD swaps. I'm currently getting 0.117% daily interest, which translates to (365 day in a year) 42.7% annual interest. Of course it may be higher because interest is compounded, but may be lower as the contracts are for 30 days or less and I may not get so much in the future. (I may get moar!)
March 11, 2015, 06:08:19 AM
Continentals, listen up. Risk free* trade:
1. Buy BTC in Euros on Stamp and Kraken
2. send BTC to BFX in Hongkong (takes ~ 30 min)
3. Sell for USD
4. Lend out USD for ~40% annual interest (that's what I'm getting)
BOOM! You're hedged against Euro devaluation AND getting a nice vig
* obviously there is risk in any trade
Where are you getting 40% interest on lending USD? And how?1. Buy BTC in Euros on Stamp and Kraken
2. send BTC to BFX in Hongkong (takes ~ 30 min)
3. Sell for USD
4. Lend out USD for ~40% annual interest (that's what I'm getting)
BOOM! You're hedged against Euro devaluation AND getting a nice vig
* obviously there is risk in any trade
on Bitfinex, go to "Total Return Swaps" page, offer USD swaps. I'm currently getting 0.117% daily interest, which translates to (365 day in a year) 42.7% annual interest. Of course it may be higher because interest is compounded, but may be lower as the contracts are for 30 days or less and I may not get so much in the future. (I may get moar!)
March 11, 2015, 06:02:53 AM
Continentals, listen up. Risk free* trade:
1. Buy BTC in Euros on Stamp and Kraken
2. send BTC to BFX in Hongkong (takes ~ 30 min)
3. Sell for USD
4. Lend out USD for ~40% annual interest (that's what I'm getting)
BOOM! You're hedged against Euro devaluation AND getting a nice vig
* obviously there is risk in any trade
Where are you getting 40% interest on lending USD? And how?1. Buy BTC in Euros on Stamp and Kraken
2. send BTC to BFX in Hongkong (takes ~ 30 min)
3. Sell for USD
4. Lend out USD for ~40% annual interest (that's what I'm getting)
BOOM! You're hedged against Euro devaluation AND getting a nice vig
* obviously there is risk in any trade
I believe he's talking about lending the USD on Bitfinex in terms of swaps. People need it for margin/leveraged trading. You lend them USD, they buy more BTC with it than they could afford otherwise and make more profit. If the price goes down though, they're forced to liquidate and may end up losing everything. You are *supposed* to be safe when lending there.
March 11, 2015, 05:59:11 AM
March 11, 2015, 05:41:01 AM
Is the question of the poll going to change or will it remain the same till year 2017?
March 11, 2015, 05:40:18 AM
living in the eurozone i cannot complain being all in in bitcoin. the rise since mid-january looks so much sweeter from € perspective.
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