i want to buy all the bitcoin
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 27104. (Read 26710694 times)
June 20, 2014, 07:02:30 PM
i wonder how many bitcoins i could get if I asked the bank for a margin, send that to bitfinex and go MAX Leverage Long!
i want to buy all the bitcoin
i want to buy all the bitcoin
June 20, 2014, 07:01:52 PM
June 20, 2014, 06:42:38 PM
It is amazing what technology can do... think about it....
Yeah, maybe the NSA can do the accounting for us.
Doubt that... but a clever little app/protocol ... could no problemo....
June 20, 2014, 06:39:22 PM
Just replace what you use. 
I know you are right but I just can't bring myself to spend any right now.
ONE of my obstacles in spending is the potential accounting problem to have to keep track... since it is supposed to be treated as property.
My solution is either to replace as I spend, and therefore say I did NOT claim it as profit b/c I replaced what I had spent... or I can spend it overseas (outside of the USA), which would cause me NOT to have to claim a profit.
Also, I am disinclined to sell now, anyway b/c at this point my portfolio remains in the red with a $613 average BTC price.
The accounting...how can the dominators possibly expect people to do that? Do you see people at large keeping tabs on everything they spend and earn. Private double book-keeping? Assuming bitcoins further progress, not possible.
Just say no.
It is amazing what technology can do... think about it....
Yeah, maybe the NSA can do the accounting for us.
June 20, 2014, 06:36:23 PM
Then IRS is doing more than just setting a bad example. They are breaking the law and now, they are trying to cover it up. Someone will find those supposedly "lost emails".
June 20, 2014, 06:09:32 PM
Meanwhile, in the real world, everyone will ignore the IRS. This is bad, because it is part of a pervasive and creeping contempt for rule of law.
The IRS itself is setting a bad example of respect for the rule of law recently. It can't end well.
June 20, 2014, 06:00:52 PM
June 20, 2014, 05:56:38 PM
finex looks the same to me on bitcoinwisdom (as stamp)
whats the difference?
whats the difference?
If you look at structural highs and lows, BFX has diverged considerably from Stamp. They used to move in tandem, since BFX shared Stamp's liquidity, but that is not the case anymore. It's actually kind of fucked up -- BFX doesn't have a thick enough order book to support all its margin trading.
Oh sorry, deleted that comment since I wrote a previous comment similar.
Anyways thanks for explaining that, makes more sense now.
June 20, 2014, 05:54:53 PM
finex looks the same to me on bitcoinwisdom (as stamp)
whats the difference?
whats the difference?
If you look at structural highs and lows, BFX has diverged considerably from Stamp. They used to move in tandem, since BFX shared Stamp's liquidity, but that is not the case anymore. It's actually kind of fucked up -- BFX doesn't have a thick enough order book to support all its margin trading.
June 20, 2014, 05:52:14 PM
I'm starting to wonder if I should be following finex instead of stamp.
That's what I do. I chart Huobi mainly, and BFX tends to stay in lock step, more or less. Stamp is becoming irrelevant, in my opinion.
i've been watching finex more too
Stamp is not irrelevant not at all...
its just finex is more interesting
June 20, 2014, 05:50:45 PM
I'm starting to wonder if I should be following finex instead of stamp.
That's what I do. I chart Huobi mainly, and BFX tends to stay in lock step, more or less. Stamp is becoming irrelevant, in my opinion.
Whats up with stamp? Its higher than btc-e once again though.
June 20, 2014, 05:48:40 PM
I'm starting to wonder if I should be following finex instead of stamp.
That's what I do. I chart Huobi mainly, and BFX tends to stay in lock step, more or less. Stamp is becoming irrelevant, in my opinion.
June 20, 2014, 05:33:32 PM
I'm starting to wonder if I should be following finex instead of stamp.
No.
Bitfinex buff their volume with large trades that spring up right of knowhere right around spot price and are triggered within split seconds and likely before any real traders can react. The reason for this will be that these 'flash trades' probably consist of around 99% fake volume. Indicators using Bitfinex data for input are therefore going to give a skewed representation of the market.
I used to think that all the big market moves were initiated on Huobi. But I have started to see that other exchanges only move if Stamp moves as well. The bottom line is that whilst Stamp is no longer the USD volume leader, it is most likely still the most liquid USD exchange. Stamp doesn't do leveraged trading. Stamp doesn't buff their volume with phantom trades. If BFX, Huobi, OkCoin had such huge liquidity thanks to their über-trade volume, then why do we see all these low volume erratic price spikes on these exchanges all the time, whilst they absolutely never occur on Stamp?
By the way, I remember you stating that some psychic telling you that someone was going to steal all your money. I would suggest that you are taking a big risk by having the lionshare of your funds on Bitfinex. Make no mistake, these guys are crooks.
June 20, 2014, 05:33:23 PM
Meanwhile, in the real world, everyone will ignore the IRS. This is bad, because it is part of a pervasive and creeping contempt for rule of law. In the end we all suffer for that. The fix is to void all the ludicrous, often criminal in themselves, laws. That would be roughly, let's see, one two three... all of them.
The USA in 2014 is the USSR in the late 1980s.Nobody believes the charade any more, not even the people supposedly running it:
http://stockman.house.gov/media-center/press-releases/stockman-bill-allows-taxpayers-to-use-same-lame-excuses-as-irs
Quote
Under Stockman’s bill, “The Dog Ate My Tax Receipts Act,” taxpayers who do not provide documents requested by the IRS can claim one of the following reasons:
1. The dog ate my tax receipts
2. Convenient, unexplained, miscellaneous computer malfunction
3. Traded documents for five terrorists
4. Burned for warmth while lost in the Yukon
5. Left on table in Hillary’s Book Room
6. Received water damage in the trunk of Ted Kennedy’s car
7. Forgot in gun case sold to Mexican drug lords
8. Forced to recycle by municipal Green Czar
9. Was short on toilet paper while camping
10. At this point, what difference does it make?
1. The dog ate my tax receipts
2. Convenient, unexplained, miscellaneous computer malfunction
3. Traded documents for five terrorists
4. Burned for warmth while lost in the Yukon
5. Left on table in Hillary’s Book Room
6. Received water damage in the trunk of Ted Kennedy’s car
7. Forgot in gun case sold to Mexican drug lords
8. Forced to recycle by municipal Green Czar
9. Was short on toilet paper while camping
10. At this point, what difference does it make?
Number 10 is what people say who are looking for an exit strategy.
June 20, 2014, 05:23:29 PM
It is amazing what technology can do... think about it....
In the long run yes, it is a great opportunity for someone to make an app for that.
Meanwhile, in the real world, everyone will ignore the IRS. This is bad, because it is part of a pervasive and creeping contempt for rule of law. In the end we all suffer for that. The fix is to void all the ludicrous, often criminal in themselves, laws. That would be roughly, let's see, one two three... all of them.
Exactly my thinking
and spot on, and spot on
June 20, 2014, 05:19:48 PM
Yep, and just a few seconds ago, a > 250 BTC buy to $597 on BFX. Bulls and bears fighting it out in this excruciating sideways action....
its gr8 seeing those buys live up Up UP!
June 20, 2014, 05:17:23 PM
It is amazing what technology can do... think about it....
In the long run yes, it is a great opportunity for someone to make an app for that.
Meanwhile, in the real world, everyone will ignore the IRS. This is bad, because it is part of a pervasive and creeping contempt for rule of law. In the end we all suffer for that. The fix is to void all the ludicrous, often criminal in themselves, laws. That would be roughly, let's see, one two three... all of them.
What seems to happen though, is if everyone ignores the law, then there is selective enforcement.. and surely those who are less able to defend themselves (or who are caught off guard) are manipulated by such overly broad and unfair rules.
June 20, 2014, 05:17:09 PM
Yep, and just a few seconds ago, a > 250 BTC buy to $597 on BFX. Bulls and bears fighting it out in this excruciating sideways action....
Bitfinex eh?
Now would that be a real 257 BTC Ask wall that I could have bought into if I had either the funds or the inclination to do so, or would that be one of those mysterious Bitfinex trades that appear out of knowhere and are triggered, done and dusted before anyone without a direct line to the exchange servers can respond?
I am only asking because before that trade was triggered, the Wall up to $600 on Bitfinex was around 700 BTC. Since that 250 BTC trade, the wall up to $600 is still around 700 BTC.
If that 257 btc trade was one of the latter, then I seen a good few of those flash 150 BTC + trades cropping up out of knowhere (on Bitfinex) before Bitcoin finally cracked through the $600 level.
Bitfinex = fucking volume buffing insider trading paint taping stop loss farming cunts.
June 20, 2014, 05:15:10 PM
416BTC just dumped off on Stamp at $485. Pricing held pretty strong, as we stuck at $592 
Only on this forum, would you find someone who is long Bitcoin and is capable of viewing a 500 BTC single market order dump as a positive development, because the price 'has held pretty strong at $592' for the last ten minutes since the dump was made.
Volume of dump @ 21:38 UTC = 485 BTC
Volume since dump @ 22:10 UTC = 27 BTC.
LOL. That isn't what you would call 'holding up pretty strong'. That is what you call the market in stasis, just like it has been all day, but with dumps like that suggestive of the level of weight that is hanging over the market should some kind of buying pressure not kick in. Question is, where is the buying pressure coming from?
Maybe from the astonishing high 10,944,599.98 USD bid depth in Bitstamps orderbook.
It will be pretty hard to get the price up since Finex leveraged orders are maxed out and also no more longer routed through Bitstamp.
June 20, 2014, 05:13:40 PM
Reading all the posts from today was painful.
Can we add a CopyCat tag to users who obviously are copy cat trolls of other users, kind of like the scammer tags that are given out?
I used to feel really "undereducated" compared to some of the users in here, with their big words and fancy lingo, but the truth finally came out that some are just are plain dumb.
I have maybe 3 people on ignore, but I see I have some work to do now to get rid of all the noise in here.
PS. Thanks to all of you that post proper TA, charts, and useful information. (although this post contains none of that)
Can we add a CopyCat tag to users who obviously are copy cat trolls of other users, kind of like the scammer tags that are given out?
I used to feel really "undereducated" compared to some of the users in here, with their big words and fancy lingo, but the truth finally came out that some are just are plain dumb.
I have maybe 3 people on ignore, but I see I have some work to do now to get rid of all the noise in here.
PS. Thanks to all of you that post proper TA, charts, and useful information. (although this post contains none of that)
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