everyone nervously waiting for the plunge?
I am bored. I was promised to see some really mad chaos but it's just boring.
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 23980. (Read 26709607 times)
December 18, 2014, 08:02:19 PM
I am bored. I was promised to see some really mad chaos but it's just boring.
December 18, 2014, 08:00:34 PM
December 18, 2014, 07:59:50 PM
everyone nervously waiting for the plunge?
December 18, 2014, 07:41:34 PM
Looks like Ripple has decided to hijack "The internet of money" lmfao.
https://www.youtube.com/watch?v=aoixyCNWg5k
When they hit just over 30% of Bitcoin marketcap we can expect those other 70 billion xrp to be "released" to the market so they can leapfrog bitcoin, just like they did with litecoin.
https://www.youtube.com/watch?v=aoixyCNWg5k
When they hit just over 30% of Bitcoin marketcap we can expect those other 70 billion xrp to be "released" to the market so they can leapfrog bitcoin, just like they did with litecoin.
Lol, in the time Bitcoin's market cap has halved, Ripple's has increased 20 fold.
December 18, 2014, 07:00:34 PM
December 18, 2014, 06:06:37 PM
^ Yes and no. He makes it sound like it's some nefarious force, but what he calls "parasites" are simply a larger number of better traders that took full advantage of the ability to short on the highest volume exchanges, something that didn't exist until 2014. As a result, the market landscape changed substantially. He's right in that sense, imo.
I'm not referring to the parasites thing as much as the "we are going to war and I must defend $XXX" thing he's been on for a while.
It's part of the same idea.
Pre-BFX/OKC: rally time -> get on board everyone! -> bubble in the making, everyone profits
Post-BFX/OKC: rally time (or what looks like it) -> everyone gets on board -> savvy traders skim profits from the pigs
Sure, nothing entirely new, but the scale of it is different today. The way I understand him, he's trying to drive home the point that we, the "regular" Bitcoin guys should anticipate this strategy and stop blindly following the unmotivated rallies until a "real" rally starts. What he forgets of course is that the distinction between "us" and "them" is unmotivated.
Or maybe I'm just reading too much into his posts.
December 18, 2014, 06:00:35 PM
December 18, 2014, 05:58:15 PM
^ Yes and no. He makes it sound like it's some nefarious force, but what he calls "parasites" are simply a larger number of better traders that took full advantage of the ability to short on the highest volume exchanges, something that didn't exist until 2014. As a result, the market landscape changed substantially. He's right in that sense, imo.
I'm not referring to the parasites thing as much as the "we are going to war and I must defend $XXX" thing he's been on for a while.
December 18, 2014, 05:52:26 PM
^ Yes and no. He makes it sound like it's some nefarious force, but what he calls "parasites" are simply a larger number of better traders that took full advantage of the ability to short on the highest volume exchanges, something that didn't exist until 2014. As a result, the market landscape changed substantially. He's right in that sense, imo.
December 18, 2014, 05:50:00 PM
...
I take it you find amusement in posters who have clearly gone bonkers from money loss?
I take it you find amusement in posters who have clearly gone bonkers from money loss?
That would be me.
December 18, 2014, 05:48:20 PM
I take it you find amusement in posters who have clearly gone bonkers from money loss?
"Date Registered: May 24, 2011,"
Somehow I doubt he went bonkers from "money loss". Loss of unrealized profits, at most.
Whatever the reason, are we in agreement that he is in full-bonkers mode at the moment?
EDIT: He could have been loading up on more on the way up, you know.
December 18, 2014, 05:46:57 PM
I take it you find amusement in posters who have clearly gone bonkers from money loss?
"Date Registered: May 24, 2011,"
Somehow I doubt he went bonkers from "money loss". Loss of unrealized profits, at most.
December 18, 2014, 05:44:20 PM
I said there would be a pullback from $300, but it's a waiting game. Wait until it's higher and you feel like the coast is clear and then put in your short, but don't margin trade if you don't know what you are doing. The three surest ways for a smart man to go broke are liqueur, ladies, and leverage. Think big picture and long term.
All I can say is that if I survive this bear market, I am never EVER buying a Lamborghini. The world needs to know that Bitcoin is in the hands of competent managers of capital. They will not accept as money an asset that is so crazy volatile and who's decentral bankers are immature.
This storm will pass, and these parasites who took our money so easily will loose it just as easily when they don't expect to. They actually did me a favor by teaching me something I needed to learn and by making our project more accessible to new players.
I'm gonna take these bastards money and if I don't then I'm going to pay off the guy who does. That's the beauty of the free market. Every trade is win-win or it doesn't happen.
You Sir, just went full Shroomskit.All I can say is that if I survive this bear market, I am never EVER buying a Lamborghini. The world needs to know that Bitcoin is in the hands of competent managers of capital. They will not accept as money an asset that is so crazy volatile and who's decentral bankers are immature.
This storm will pass, and these parasites who took our money so easily will loose it just as easily when they don't expect to. They actually did me a favor by teaching me something I needed to learn and by making our project more accessible to new players.
I'm gonna take these bastards money and if I don't then I'm going to pay off the guy who does. That's the beauty of the free market. Every trade is win-win or it doesn't happen.
Disagree. Sometime over the last year, I started enjoying billy's posts. Sure, he's a bit of a rambling old guy, borderline misogynist borderline anti-semite (cue Billy: "Like hell I am, borderline. I'm complete, on both counts!"), but for one, he's clearly a smart guy, and his prose is a pleasure to read.
I take it you find amusement in posters who have clearly gone bonkers from money loss?
December 18, 2014, 05:34:37 PM
Agree with Wanderer. Guy is a megalomaniac who thinks he is in some heroic battle or something.
December 18, 2014, 05:32:17 PM
I said there would be a pullback from $300, but it's a waiting game. Wait until it's higher and you feel like the coast is clear and then put in your short, but don't margin trade if you don't know what you are doing. The three surest ways for a smart man to go broke are liqueur, ladies, and leverage. Think big picture and long term.
All I can say is that if I survive this bear market, I am never EVER buying a Lamborghini. The world needs to know that Bitcoin is in the hands of competent managers of capital. They will not accept as money an asset that is so crazy volatile and who's decentral bankers are immature.
This storm will pass, and these parasites who took our money so easily will loose it just as easily when they don't expect to. They actually did me a favor by teaching me something I needed to learn and by making our project more accessible to new players.
I'm gonna take these bastards money and if I don't then I'm going to pay off the guy who does. That's the beauty of the free market. Every trade is win-win or it doesn't happen.
You Sir, just went full Shroomskit.All I can say is that if I survive this bear market, I am never EVER buying a Lamborghini. The world needs to know that Bitcoin is in the hands of competent managers of capital. They will not accept as money an asset that is so crazy volatile and who's decentral bankers are immature.
This storm will pass, and these parasites who took our money so easily will loose it just as easily when they don't expect to. They actually did me a favor by teaching me something I needed to learn and by making our project more accessible to new players.
I'm gonna take these bastards money and if I don't then I'm going to pay off the guy who does. That's the beauty of the free market. Every trade is win-win or it doesn't happen.
Disagree. Sometime over the last year, I started enjoying billy's posts. Sure, he's a bit of a rambling old guy, borderline misogynist borderline anti-semite (cue Billy: "Like hell I am, borderline. I'm complete, on both counts!"), but for one, he's clearly a smart guy, and his prose is a pleasure to read.
December 18, 2014, 05:31:54 PM
Fun thought: The Ripple market now is like the Bitcoin market before shorting was possible on a substantial scale.
Yes, I mean that as: Ripple is in bubble mode and the burst will be spectacular, but I'm sure you can also derive the other implication
I'm trying to figure out how introducing of shorting have changed the Bitcoin market. My guess is that leveraged trading should decrease amplitude of bubbles to the proportion of average leverage. So if most traders would go short/long 20:1, Yes, I mean that as: Ripple is in bubble mode and the burst will be spectacular, but I'm sure you can also derive the other implication
then bubbles will be 20 times smaller. Bitfinex trades produce significantly bigger deviations from the mean than Bitstamp trades while the visible parts of their orderbooks show a comparable depths.
Can you hide your orders on Bitstamp?
December 18, 2014, 05:27:24 PM
...who took our money so easily...
...I'm gonna take these bastards money...
Please define "money"....I'm gonna take these bastards money...
December 18, 2014, 05:15:22 PM
I said there would be a pullback from $300, but it's a waiting game. Wait until it's higher and you feel like the coast is clear and then put in your short, but don't margin trade if you don't know what you are doing. The three surest ways for a smart man to go broke are liqueur, ladies, and leverage. Think big picture and long term.
All I can say is that if I survive this bear market, I am never EVER buying a Lamborghini. The world needs to know that Bitcoin is in the hands of competent managers of capital. They will not accept as money an asset that is so crazy volatile and who's decentral bankers are immature.
This storm will pass, and these parasites who took our money so easily will loose it just as easily when they don't expect to. They actually did me a favor by teaching me something I needed to learn and by making our project more accessible to new players.
I'm gonna take these bastards money and if I don't then I'm going to pay off the guy who does. That's the beauty of the free market. Every trade is win-win or it doesn't happen.
You Sir, just went full Shroomskit. All I can say is that if I survive this bear market, I am never EVER buying a Lamborghini. The world needs to know that Bitcoin is in the hands of competent managers of capital. They will not accept as money an asset that is so crazy volatile and who's decentral bankers are immature.
This storm will pass, and these parasites who took our money so easily will loose it just as easily when they don't expect to. They actually did me a favor by teaching me something I needed to learn and by making our project more accessible to new players.
I'm gonna take these bastards money and if I don't then I'm going to pay off the guy who does. That's the beauty of the free market. Every trade is win-win or it doesn't happen.
December 18, 2014, 05:11:15 PM
...
I'm trying to figure out how introducing of shorting have changed the Bitcoin market. My guess is that leveraged trading should decrease amplitude of bubbles to the proportion of average leverage. So if most traders would go short/long 20:1, then bubbles will be 20 times smaller.
I'm trying to figure out how introducing of shorting have changed the Bitcoin market. My guess is that leveraged trading should decrease amplitude of bubbles to the proportion of average leverage. So if most traders would go short/long 20:1,
then bubbles will be 20 times smaller. IMO if most traders would go 20:1 leveraged, most traders would go bankrupt and then price would collapse.
Money doesn't disappear.
All the time.
December 18, 2014, 05:10:29 PM
... But why does he call them parasites? 
Just because they took his money? 
...
Just because they took his money? ...Mistaking Us for parasites. Pathetic earthling.
~Your Beneficent Reptilian Overlords
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