Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 27559.

Bronstad

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Quote from: KFR on May 27, 2014, 09:21:05 AM

Quote from: adamstgBit on May 27, 2014, 09:08:56 AM

Quote from: cbutters on May 27, 2014, 09:05:30 AM

So we make a $150 move upwards, then retrace ONLY $30 back, and everyone is calling for new lows again? Are you guys mental?

lol

the move up is justified, if you keep up with bitcoin news...
its bullish out there

buy the dips
buy all the dips

Buy all the dips; hodl all the bits. Cool

If you're gonna buy the dips, you can put them in this Glamour Gold 2-piece Chip and Dip Set only 0.125 BTC from overstock.

gotmilk_

sr. member

Activity: 442

Merit: 250

From bitstamp FB:

Quote

Bitstamp BTC Proof of Reserves, May 2014
Dear Bitstamp clients,
To reassure clients, Bitstamp regularly performs a procedure to prove its BTC reserves.
On May 24th, 2014, Mike Hearn of Vinumeris GmbH, bitcoin core developer and prominent member of bitcoin community observed Bitstamps proof of reserves procedure. Reserves were proven by conducting a Bitcoin send-to-self transfer.
Details of the procedure are provided in the PDF linked here:
https://www.bitstamp.net/s/documents/Bitstamp_proof_of_reserves_statement.pdf
In summary, Bitstamp held 183,497 BTC its cold wallet fully covering both the clients funds held at Bitstamp and the clients funds on the Ripple network.
Additionally, a financial statement audit is in progress.
Best regards,
Bitstamp team

Cool

zimmah

legendary

Activity: 1106

Merit: 1005

Quote from: Teppino on May 27, 2014, 09:06:12 AM

Quote from: dreamspark on May 27, 2014, 08:25:21 AM

Quote from: zimmah on May 27, 2014, 08:10:23 AM

Quote from: Teppino on May 27, 2014, 04:15:20 AM

i'm not quoting fonzie but he's actually right about bitfinex

But if some people lost a lot on margin calls,mother people gained just as much right? That's how the market works, someone gains, someone loses.

So the people who lent money to margin traders would have made a killing right? And they could potentially invest (part of) that money into bitcoin, right?

Or do I miss something?

I think you missed the bit where all Teppino was saying is that Fonzie is right in that Bitfinex was down at the time. Not to all his other perma-bear/ uber-troll posts.

I doubt many people would have lost a lot on margin calls as when the site went down trading stopped, its not like you couldn't close a position while the market still moved. So the market was in exactly the same position when it opened as when it closed so no calls happened at a time you couldn't have closed them.

Yep, i have fonzie on ignore myself but i sometimes peek on troll posts nevertheless Tongue

I'm far from achieving that zenlike emotional detach from market, therefore i can stand trolls only in bullish times

I have him on ignore as well, but i just peeked to see what it was about. And that post seemed not that bad for someone on my ignore list.

KFR

hero member

Activity: 560

Merit: 500

Per ardua ad luna

Quote from: adamstgBit on May 27, 2014, 09:08:56 AM

Quote from: cbutters on May 27, 2014, 09:05:30 AM

So we make a $150 move upwards, then retrace ONLY $30 back, and everyone is calling for new lows again? Are you guys mental?

lol

the move up is justified, if you keep up with bitcoin news...
its bullish out there

buy the dips
buy all the dips

Buy all the dips; hodl all the bits. Cool

adamstgBit

legendary

Activity: 1904

Merit: 1037

Trusted Bitcoiner

Quote from: cbutters on May 27, 2014, 09:05:30 AM

So we make a $150 move upwards, then retrace ONLY $30 back, and everyone is calling for new lows again? Are you guys mental?

lol

the move up is justified, if you keep up with bitcoin news...
its bullish out there

buy the dips
buy all the dips

Teppino

full member

Activity: 139

Merit: 100

bitcoin hates walls

Quote from: dreamspark on May 27, 2014, 08:25:21 AM

Quote from: zimmah on May 27, 2014, 08:10:23 AM

Quote from: Teppino on May 27, 2014, 04:15:20 AM

i'm not quoting fonzie but he's actually right about bitfinex

But if some people lost a lot on margin calls,mother people gained just as much right? That's how the market works, someone gains, someone loses.

So the people who lent money to margin traders would have made a killing right? And they could potentially invest (part of) that money into bitcoin, right?

Or do I miss something?

I think you missed the bit where all Teppino was saying is that Fonzie is right in that Bitfinex was down at the time. Not to all his other perma-bear/ uber-troll posts.

I doubt many people would have lost a lot on margin calls as when the site went down trading stopped, its not like you couldn't close a position while the market still moved. So the market was in exactly the same position when it opened as when it closed so no calls happened at a time you couldn't have closed them.

Yep, i have fonzie on ignore myself but i sometimes peek on troll posts nevertheless Tongue

I'm far from achieving that zenlike emotional detach from market, therefore i can stand trolls only in bullish times

cbutters

sr. member

Activity: 294

Merit: 250

So we make a $150 move upwards, then retrace ONLY $30 back, and everyone is calling for new lows again? Are you guys mental?

adamstgBit

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Activity: 1904

Merit: 1037

Trusted Bitcoiner

Quote from: dreamspark on May 27, 2014, 09:04:17 AM

Quote from: adamstgBit on May 27, 2014, 09:01:20 AM

if we test the low again, i'm gonna get a few thousand bits.

Which low ?

$340?

no 24hr low

i'm a buyer right below that

dreamspark

hero member

Activity: 798

Merit: 1000

Quote from: adamstgBit on May 27, 2014, 09:01:20 AM

if we test the low again, i'm gonna get a few thousand bits.

Which low ?

$340?

adamstgBit

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Activity: 1904

Merit: 1037

Trusted Bitcoiner

if we test the low again, i'm gonna get a few thousand bits.

ChartBuddy

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Activity: 2380

Merit: 1823

1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

Explanation

adamstgBit

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Activity: 1904

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Trusted Bitcoiner

Quote from: derpinheimer on May 27, 2014, 08:56:57 AM

why the dumps?

its dump day!

sell me your coins!
sell me ALL your coins!
sell me ALL your coins ALL AT ONCE!

Cheesy

derpinheimer

legendary

Activity: 896

Merit: 1000

Dump wave2.. let's hope it's weak.

Ps why the dumps?bfx manipulation?

dreamspark

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Activity: 798

Merit: 1000

Quote from: zimmah on May 27, 2014, 08:10:23 AM

Quote from: Teppino on May 27, 2014, 04:15:20 AM

i'm not quoting fonzie but he's actually right about bitfinex

But if some people lost a lot on margin calls,mother people gained just as much right? That's how the market works, someone gains, someone loses.

So the people who lent money to margin traders would have made a killing right? And they could potentially invest (part of) that money into bitcoin, right?

Or do I miss something?

I think you missed the bit where all Teppino was saying is that Fonzie is right in that Bitfinex was down at the time. Not to all his other perma-bear/ uber-troll posts.

I doubt many people would have lost a lot on margin calls as when the site went down trading stopped, its not like you couldn't close a position while the market still moved. So the market was in exactly the same position when it opened as when it closed so no calls happened at a time you couldn't have closed them.

Krabby

sr. member

Activity: 644

Merit: 250

https://primedao.eth.link/#/

Quote from: ShroomsKit on May 27, 2014, 08:13:50 AM

Aaaaand dump!

Hold me!

ShroomsKit

hero member

Activity: 672

Merit: 500

Aaaaand dump!

zimmah

legendary

Activity: 1106

Merit: 1005

Quote from: Teppino on May 27, 2014, 04:15:20 AM

i'm not quoting fonzie but he's actually right about bitfinex

But if some people lost a lot on margin calls,mother people gained just as much right? That's how the market works, someone gains, someone loses.

So the people who lent money to margin traders would have made a killing right? And they could potentially invest (part of) that money into bitcoin, right?

Or do I miss something?

JimboToronto

legendary

Activity: 4242

Merit: 5039