Sorry, I would much rather buy fake virtual credit points for a fake farm game.
It's all fun and games until fake Monsanto comes in and drives you out of business.
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 30413. (Read 26711908 times)
January 09, 2014, 03:07:05 PM
It's all fun and games until fake Monsanto comes in and drives you out of business.
January 09, 2014, 03:04:26 PM
Edit. So absolutely no gambling/playing ofcourse.
"Much as a bank like Goldman Sachs runs software to track price fluctuations as it juggles billions of dollars, Coinbase uses its hedging software to track all of the bitcoins it manages, deciding when to buy and sell bitcoins and adjust its exchange rate in an effort to minimize risk.
Goldman, where Coinbase’s Ehrsam previously worked, uses its software in an effort to make highly profitable trades, and Coinbase merely uses its system to protect its own position. But the inner-workings of the software are similar. “It’s algorithmic trading,” says Coinbase CEO Brian Armstrong. “It hedges that exchange rate risk in the background, every day.”
http://www.wired.com/business/2014/01/overstock-bitcoin-live/
Thanks for the more eloquent and precise explanation
i dont know if i would buy this... after all, they are ex-Goldman.. :/
edit: and they surely waged the risk/PROFIT
January 09, 2014, 03:03:34 PM
Do you see how we all just spinned a major retailer accepting Bitcoin as negative news? This is the raw power of human emotion. Reality does not matter.
Make believe is everything.
Make believe is everything.
You and Walsoraj did... the rest of us think it's fantastic news.
Don't let us interrupt your fantasy world though! Say hi to Mr. Rodgers for me.
January 09, 2014, 03:02:28 PM
January 09, 2014, 03:00:05 PM
Unless they intend to hodl, major retailers accepting bitcoin is a bad sign (for bulls).
Let me see if i can make that ignore button glow
January 09, 2014, 02:50:32 PM
Edit. So absolutely no gambling/playing ofcourse.
"Much as a bank like Goldman Sachs runs software to track price fluctuations as it juggles billions of dollars, Coinbase uses its hedging software to track all of the bitcoins it manages, deciding when to buy and sell bitcoins and adjust its exchange rate in an effort to minimize risk.
Goldman, where Coinbase’s Ehrsam previously worked, uses its software in an effort to make highly profitable trades, and Coinbase merely uses its system to protect its own position. But the inner-workings of the software are similar. “It’s algorithmic trading,” says Coinbase CEO Brian Armstrong. “It hedges that exchange rate risk in the background, every day.”
http://www.wired.com/business/2014/01/overstock-bitcoin-live/
Thanks for the more eloquent and precise explanation
January 09, 2014, 02:49:09 PM
Blitz, the frequency of your post is getting higher.
How long before the great dollar extraction?
I'm waiting eagerly to buy back in
Aternatively i'll wait for the bottom of this cup handle ...
At least on Emptygox, price action is actually pretty boring. Bitcoin has probably become stable now. Our job as speculators is done, price discovery complete for now and all eternity. How long before the great dollar extraction?
I'm waiting eagerly to buy back in
Aternatively i'll wait for the bottom of this cup handle ...
January 09, 2014, 02:48:38 PM
Edit. So absolutely no gambling/playing ofcourse.
"Much as a bank like Goldman Sachs runs software to track price fluctuations as it juggles billions of dollars, Coinbase uses its hedging software to track all of the bitcoins it manages, deciding when to buy and sell bitcoins and adjust its exchange rate in an effort to minimize risk.
Goldman, where Coinbase’s Ehrsam previously worked, uses its software in an effort to make highly profitable trades, and Coinbase merely uses its system to protect its own position. But the inner-workings of the software are similar. “It’s algorithmic trading,” says Coinbase CEO Brian Armstrong. “It hedges that exchange rate risk in the background, every day.”
http://www.wired.com/business/2014/01/overstock-bitcoin-live/
January 09, 2014, 02:48:02 PM
No. I see what you're seeing, though.
January 09, 2014, 02:47:29 PM
January 09, 2014, 02:45:55 PM
No cup here.
January 09, 2014, 02:45:50 PM
Do you see how we all just spinned a major retailer accepting Bitcoin as negative news? This is the raw power of human emotion. Reality does not matter.
Make believe is everything.
Aside from the science of economics.Make believe is everything.
this I found bullish.
http://mobile.businessweek.com/articles/2014-01-09/bitcoin-mining-chips-gear-computing-groups-competition-heats-up
January 09, 2014, 02:45:02 PM
Do you see how we all just spinned a major retailer accepting Bitcoin as negative news? This is the raw power of human emotion. Reality does not matter.
Make believe is everything.
Make believe is everything.
Blitz, the frequency of your post is getting higher.
How long before the great dollar extraction?
I'm waiting eagerly to buy back in
Aternatively i'll wait for the bottom of this cup handle ...
January 09, 2014, 02:44:04 PM
Unless they intend to hodl, major retailers accepting bitcoin is a bad sign (for bulls).
January 09, 2014, 02:41:57 PM
Choo choo, all the overstock coins will soon hit the market.
An overstock of coins.
An overstock of coins.
you really think they will directly sell 100% of the coins they get?!
imho they decided to jump in the bitcoin train not only to expand their marketshare, but also to make even more profit hodling some of it.. I mean, isnt that all about profit after all?
edit: Coinbase then, but same principle applies.
ahh ok. but still, wouldnt coinbase or bitpay 'play' a little with the bitcoins they get instead of dumping it all on the market? :/
There is gonna be math science behind coinbase and bitpay's business plan regarding risk management getting rid of their coins. Probably gonna take higher margins during times of high volatility etc.
Edit. So absolutely no gambling/playing ofcourse.
January 09, 2014, 02:41:52 PM
Do you see how we all just spinned a major retailer accepting Bitcoin as negative news? This is the raw power of human emotion. Reality does not matter.
Make believe is everything.
Make believe is everything.
January 09, 2014, 02:39:41 PM
Choo choo, all the overstock coins will soon hit the market.
An overstock of coins.
An overstock of coins.
you really think they will directly sell 100% of the coins they get?!
imho they decided to jump in the bitcoin train not only to expand their marketshare, but also to make even more profit hodling some of it.. I mean, isnt that all about profit after all?
edit: Coinbase then, but same principle applies.
ahh ok. but still, wouldnt coinbase or bitpay 'play' a little with the bitcoins they get instead of dumping it all on the market? :/
January 09, 2014, 02:39:08 PM
CHOOOOO-CHOOOOO: OVERSTOCK WENT LIVE !
That is not bullish. Overstock has nothing to do with bitcoin.
They simply use bitpay and accept fiat
Bitpay sells the coins asap -» Selling pressure
but it increases bitcoins usefulness, and this brings up the value.
now i can save AND spend with BTC, these days you can pretty much live on BTC without any problems. how far we've come in so little time.
General public will not want bitcoin for its usefulness if actually using it decreases its fiat value.
January 09, 2014, 02:38:55 PM
Are you sure about this? In the original announcement it sounded like they wanted to make their own payment processing system in-house, to avoid the market dump effect and the fees.
Looks like they are using Coinbase, not Bitpay: Quote
Last Tuesday, the company struck a deal to handle bitcoin payments through a service operated by the suddenly hot San Francisco startup Coinbase
http://www.wired.com/business/2014/01/overstock-bitcoin-live/
Maybe, Richy. This is economics, and economics is similar to religion.
January 09, 2014, 02:37:40 PM
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