Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 24925.

DaRude

legendary

Activity: 2833

Merit: 1851

In order to dump coins one must have coins

Quote from: dakota neat on October 23, 2014, 05:50:12 PM

Quote from: tarmi on October 23, 2014, 05:10:51 PM

Quote from: dakota neat on October 23, 2014, 05:08:53 PM

I bet at least one of our beloved exchanges is running on fractional reserve and flood the market with virtual coins. Not even the dumbest noob traders can be that dumb, seriously wtf.

the one with 20 mil in USD swaps?

14,000 more bitcoin were market sold than market bought so far today on Bitfinex alone. Where do all this coins come from?

Good question, even shorts are covering and cashing in at these levels yet the dumping continues. Lots and lots of coins being liquidated. Think that's the downside of being criminals favorite currency, lots of coins were stolen, and those stolen coins get dumped at whatever price.

As a solution somehow need to convince hackers to be hodlers

grappa_barricata

full member

Activity: 154

Merit: 100

playing pasta and eating mandolinos

Quote from: BrewCrewFan on October 23, 2014, 06:18:28 PM

So let me get this right, you can more or less buy "pretend" bitcoins and short or long them, and they dont even need to exist?

If that is the case, then I am far from happy with this practice, for one, that is what Gox was doing, and second, this is nothing more than what banks are already doing.

Think about it... if you run an exchange then as long as your inflow (deposit) + trading profits are greater than your outflow (withdraws) then you can do the fuck you want with your db.

BrewCrewFan

hero member

Activity: 672

Merit: 501

Quote from: tarmi on October 23, 2014, 06:15:54 PM

Quote from: dakota neat on October 23, 2014, 05:50:12 PM

Quote from: tarmi on October 23, 2014, 05:10:51 PM

Quote from: dakota neat on October 23, 2014, 05:08:53 PM

I bet at least one of our beloved exchanges is running on fractional reserve and flood the market with virtual coins. Not even the dumbest noob traders can be that dumb, seriously wtf.

the one with 20 mil in USD swaps?

14,000 more bitcoin were market sold than market bought so far today on Bitfinex alone. Where do all this coins come from?

maybe you should ask that houbi guy who was flashing with 10k buy wall.

So let me get this right, you can more or less buy "pretend" bitcoins and short or long them, and they dont even need to exist?

If that is the case, then I am far from happy with this practice, for one, that is what Gox was doing, and second, this is nothing more than what banks are already doing.

NotLambchop

sr. member

Activity: 378

Merit: 254

Quote from: xyzzy099 on October 23, 2014, 06:10:10 PM

Quote from: NotLambchop on October 23, 2014, 06:04:07 PM

Quote from: xyzzy099 on October 23, 2014, 05:42:18 PM

Quote from: NotLambchop on October 23, 2014, 05:30:21 PM

Quote from: xyzzy099 on October 23, 2014, 05:25:36 PM

Quote from: NotLambchop on October 23, 2014, 04:33:19 PM

Quote from: xyzzy099 on October 23, 2014, 04:21:00 PM

Quote from: NotLambchop on October 23, 2014, 04:07:31 PM

Quote from: xyzzy099 on October 23, 2014, 03:57:48 PM

Quote from: NotLambchop on October 23, 2014, 03:54:34 PM

^Lunatic, from Latin "luna" [moon].

1. mentally ill (not in technical use).
extremely foolish, eccentric, or absurd.
"he would be asked to acquiesce in some lunatic scheme"

Yeah, just a coincidence Cheesy

https://www.youtube.com/watch?v=TM8GiNGcXuM

Most brilliant people are crazy. Most crazy people aren't brilliant. Because not biconditional.

I think the point of that promo is that brilliance is often seen as madness early on. I didn't see any suggestion that there was a bijective mapping between the set of madmen and the set of geniuses, but thanks for pointing out the obvious.

My point is much simpler than the promo's: Comparing the insanity of the inspired to the greed-driven lunacy of the money changers is silly.

Did I make that comparison? You lost me...

Unless you were trying your hand at non-sequiturs when you posted that link, yes.

I don't think so. You accused someone of lunacy (apparently because they profess a different view than you). I posted a link to a short film whose thesis is that sometimes people who seem to be crazy may actually turn out to be just taking a path not familiar to you - may even be brilliant, who knows. I don't see any non-sequitur there.

You're comparing the exceptional, inspired people in the iPromo to petty money speculators--minds fouled by by untempered greed.
And now you're suggesting I can't tell muddled stupidity from brilliance. Gimme a break, bro.

Again, I made no such comparison.

Again, either you tried for parallels between the people in this thread and the iPromo people, or the link was a non-sequitur.

hdbuck

legendary

Activity: 1260

Merit: 1002

Quote from: exocytosis on October 23, 2014, 06:12:57 PM

Mark Karpeles sure is dumping a lot of stolen Gox coins today.

he was out of frapuccinos!

tarmi

legendary

Activity: 1232

Merit: 1011

Quote from: dakota neat on October 23, 2014, 05:50:12 PM

Quote from: tarmi on October 23, 2014, 05:10:51 PM

Quote from: dakota neat on October 23, 2014, 05:08:53 PM

I bet at least one of our beloved exchanges is running on fractional reserve and flood the market with virtual coins. Not even the dumbest noob traders can be that dumb, seriously wtf.

the one with 20 mil in USD swaps?

14,000 more bitcoin were market sold than market bought so far today on Bitfinex alone. Where do all this coins come from?

maybe you should ask that houbi guy who was flashing with 10k buy wall.

dakota neat

hero member

Activity: 658

Merit: 500

Quote from: grappa_barricata on October 23, 2014, 06:09:14 PM

Why everybody hate greed? Greed is an extension of survival. Everything alive is greed. If it looks like somebody is not greed, then look better.

Sometimes you have to withhold your greed to become part of a group. A group can often be more effectively greedy than individuals

exocytosis

sr. member

Activity: 476

Merit: 250

Mark Karpeles sure is dumping a lot of stolen Gox coins today.

Carra23

legendary

Activity: 980

Merit: 1000

Need a campaign manager? PM me

Quote from: ?? on ??

Quote from: Carra23 on October 23, 2014, 05:57:17 PM

Sold at 398, bought at 352 at Btc-e. May be going lower now but I was happy with my profits.

Same here! Sold at 403$ bought back at 356 (finex)... Nice to see not everyone here are screaming for sub 300 again just to get few bucks more

I would have been screaming for sub 300, but the fall does not look to be strong enough. Happy with 350 for now.

NotLambchop

sr. member

Activity: 378

Merit: 254

Quote from: grappa_barricata on October 23, 2014, 06:09:14 PM

Why everybody hate greed? Greed is an extension of survival. Everything alive is greed. If it looks like somebody is not greed, then look better.

Why bring that up? Did anyone make a claim to hating greed?

xyzzy099

legendary

Activity: 1066

Merit: 1098

Quote from: NotLambchop on October 23, 2014, 06:04:07 PM

Quote from: xyzzy099 on October 23, 2014, 05:42:18 PM

Quote from: NotLambchop on October 23, 2014, 05:30:21 PM

Quote from: xyzzy099 on October 23, 2014, 05:25:36 PM

Quote from: NotLambchop on October 23, 2014, 04:33:19 PM

Quote from: xyzzy099 on October 23, 2014, 04:21:00 PM

Quote from: NotLambchop on October 23, 2014, 04:07:31 PM

Quote from: xyzzy099 on October 23, 2014, 03:57:48 PM

Quote from: NotLambchop on October 23, 2014, 03:54:34 PM

^Lunatic, from Latin "luna" [moon].

1. mentally ill (not in technical use).
extremely foolish, eccentric, or absurd.
"he would be asked to acquiesce in some lunatic scheme"

Yeah, just a coincidence Cheesy

https://www.youtube.com/watch?v=TM8GiNGcXuM

Most brilliant people are crazy. Most crazy people aren't brilliant. Because not biconditional.

I think the point of that promo is that brilliance is often seen as madness early on. I didn't see any suggestion that there was a bijective mapping between the set of madmen and the set of geniuses, but thanks for pointing out the obvious.

My point is much simpler than the promo's: Comparing the insanity of the inspired to the greed-driven lunacy of the money changers is silly.

Did I make that comparison? You lost me...

Unless you were trying your hand at non-sequiturs when you posted that link, yes.

I don't think so. You accused someone of lunacy (apparently because they profess a different view than you). I posted a link to a short film whose thesis is that sometimes people who seem to be crazy may actually turn out to be just taking a path not familiar to you - may even be brilliant, who knows. I don't see any non-sequitur there.

You're comparing the exceptional, inspired people in the iPromo to petty money speculators--minds fouled by by untempered greed.
And now you're suggesting I can't tell muddled stupidity from brilliance. Gimme a break, bro.

Again, I made no such comparison.

grappa_barricata

full member

Activity: 154

Merit: 100

playing pasta and eating mandolinos

Why everybody hate greed? Greed is an extension of survival. Everything alive is greed. If it looks like somebody is not greed, then look better.

NotLambchop

sr. member

Activity: 378

Merit: 254

Quote from: xyzzy099 on October 23, 2014, 05:42:18 PM

Quote from: NotLambchop on October 23, 2014, 05:30:21 PM

Quote from: xyzzy099 on October 23, 2014, 05:25:36 PM

Quote from: NotLambchop on October 23, 2014, 04:33:19 PM

Quote from: xyzzy099 on October 23, 2014, 04:21:00 PM

Quote from: NotLambchop on October 23, 2014, 04:07:31 PM

Quote from: xyzzy099 on October 23, 2014, 03:57:48 PM

Quote from: NotLambchop on October 23, 2014, 03:54:34 PM

^Lunatic, from Latin "luna" [moon].

1. mentally ill (not in technical use).
extremely foolish, eccentric, or absurd.
"he would be asked to acquiesce in some lunatic scheme"

Yeah, just a coincidence Cheesy

https://www.youtube.com/watch?v=TM8GiNGcXuM

Most brilliant people are crazy. Most crazy people aren't brilliant. Because not biconditional.

I think the point of that promo is that brilliance is often seen as madness early on. I didn't see any suggestion that there was a bijective mapping between the set of madmen and the set of geniuses, but thanks for pointing out the obvious.

My point is much simpler than the promo's: Comparing the insanity of the inspired to the greed-driven lunacy of the money changers is silly.

Did I make that comparison? You lost me...

Unless you were trying your hand at non-sequiturs when you posted that link, yes.

I don't think so. You accused someone of lunacy (apparently because they profess a different view than you). I posted a link to a short film whose thesis is that sometimes people who seem to be crazy may actually turn out to be just taking a path not familiar to you - may even be brilliant, who knows. I don't see any non-sequitur there.

You're comparing the exceptional, inspired people in the iPromo to petty money speculators--minds fouled by by untempered greed.
And now you're suggesting I can't tell muddled stupidity from brilliance. Gimme a break, bro.

grappa_barricata

full member

Activity: 154

Merit: 100

playing pasta and eating mandolinos

Quote from: Carra23 on October 23, 2014, 05:57:17 PM

Sold at 398, bought at 352 at Btc-e. May be going lower now but I was happy with my profits.

Naturally it is going to go down to 300 now that I have bought.

You have been blessed with a very good trade. Do not lament or the god Mercury will take it all back and more!

ChartBuddy

legendary

Activity: 2380

Merit: 1823

1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

Explanation

BBmmBB

newbie

Activity: 56

Merit: 0

if anyone gets board over here i'm chasing down some criminal elements over on the dice boards only like 900BTC no biggy! Cool

pitchforks & torches!!! *yawn*

jonoiv

hero member

Activity: 966

Merit: 526

🐺Dogs for President🐺

Quote from: i dig bitcoins on October 23, 2014, 05:16:00 PM

Quote from: jonoiv on October 23, 2014, 04:41:38 PM

Quote from: adamstgBit on October 23, 2014, 04:32:39 PM

this is the end.
all hope is lost.
fuck!

380 before end of Monday guaranteed.

There are those who will try to retest 350 first. From what I can see there are "minor" traders chasing performance and have been getting burned.
There's a lot of panic shorting occurring by amateur traders.

people shorting from here on in, are on borrowed time.

Carra23

legendary

Activity: 980

Merit: 1000

Need a campaign manager? PM me

Sold at 398, bought at 352 at Btc-e. May be going lower now but I was happy with my profits.

Naturally it is going to go down to 300 now that I have bought.

grappa_barricata

full member

Activity: 154

Merit: 100

playing pasta and eating mandolinos

Quote from: adamstgBit on October 23, 2014, 05:41:18 PM

i'm gana... i'm gana take a walk.

later...

Bye, remember: it is only when you lose everything that you find yourself... your poor broken self, that's it

dakota neat

hero member

Activity: 658

Merit: 500

Quote from: tarmi on October 23, 2014, 05:10:51 PM

Quote from: dakota neat on October 23, 2014, 05:08:53 PM

I bet at least one of our beloved exchanges is running on fractional reserve and flood the market with virtual coins. Not even the dumbest noob traders can be that dumb, seriously wtf.

the one with 20 mil in USD swaps?

14,000 more bitcoin were market sold than market bought so far today on Bitfinex alone. Where do all this coins come from?

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 24925. (Read 26712880 times)