Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 30755.

outofservice

member

Activity: 70

Merit: 11

Quote from: ?? on ??

Quote from: Peter R on December 23, 2013, 01:46:48 AM

Quote from: ?? on ??

so are we all going to agree then that satoshi is in fact santa clause and 400k coins are set to fly around the world in a couple days?

No. Satoshi is the NSA and 400k coins aren't going to do anything that any of us here know about.

Holliday, I can't tell if you're joking. Do you believe the most likely explanation is that Satoshi is the NSA?

It's complicated. I don't think Satoshi is one individual. I think the forum poster satoshi is one individual. I think the concepts combined in the creation of Bitcoin are beyond the abilities of a single individual.

I think a group of individuals with a good amount of resources came together and created Bitcoin. If these people were involved with something like the NSA, I think they did this without the approval or knowledge of their superiors.

I think that what I think doesn't really matter.

+1 ...Nailed it.

outofservice

member

Activity: 70

Merit: 11

Quote from: TERA on December 23, 2013, 01:50:30 AM

This is crazy! Someone wants to borrow 1.3 million dollars for 30 days at 1% per day interest. They will pay over $400,000 in interest!

Edit: oops thats 21 people.

1 or 21, doesn't matter, that's still crazy! Wow.

TERA

hero member

Activity: 728

Merit: 500

This is crazy! Someone wants to borrow 1.3 million dollars for 30 days at 1% per day interest. They will pay over $400,000 in interest!

Edit: oops thats 21 people.

Peter R

legendary

Activity: 1162

Merit: 1007

Quote from: ?? on ??

so are we all going to agree then that satoshi is in fact santa clause and 400k coins are set to fly around the world in a couple days?

No. Satoshi is the NSA and 400k coins aren't going to do anything that any of us here know about.

Holliday, I can't tell if you're joking. Do you believe the most likely explanation is that Satoshi is the NSA?

byronbb

legendary

Activity: 1414

Merit: 1000

HODL OR DIE

$20 pop on 31 btc volume. LOL.

windjc

legendary

Activity: 2156

Merit: 1070

Quote from: ?? on ??

Quote from: windjc on December 23, 2013, 01:29:37 AM

Quote from: ?? on ??

Quote from: windjc on December 23, 2013, 01:26:14 AM

Quote from: ?? on ??

Quote from: windjc on December 23, 2013, 01:03:52 AM

basically risk free

Err... your definition of risk and my definition of risk differ slightly.

Perhaps. But you are heavily invested in Bitcoin, so I doubt they differ that much Wink

That is a bold assumption! Also I wonder which is more risky, holding large sums of fiat in your home or holding large sums of bitcoin in your home?

You are not heavily invested in Bitcoin? I'm shocked!

Another bold assumption!

Yes. Perhaps I'm just feeling bold today! Sir!

windjc

legendary

Activity: 2156

Merit: 1070

Quote from: ?? on ??

Quote from: windjc on December 23, 2013, 01:26:14 AM

Quote from: ?? on ??

Quote from: windjc on December 23, 2013, 01:03:52 AM

basically risk free

Err... your definition of risk and my definition of risk differ slightly.

Perhaps. But you are heavily invested in Bitcoin, so I doubt they differ that much Wink

That is a bold assumption! Also I wonder which is more risky, holding large sums of fiat in your home or holding large sums of bitcoin in your home?

You are not heavily invested in Bitcoin? I'm shocked!

byronbb

legendary

Activity: 1414

Merit: 1000

HODL OR DIE

What was Pirateat40 paying??

windjc

legendary

Activity: 2156

Merit: 1070

Quote from: ?? on ??

Quote from: windjc on December 23, 2013, 01:03:52 AM

basically risk free

Err... your definition of risk and my definition of risk differ slightly.

Perhaps. But you are heavily invested in Bitcoin, so I doubt they differ that much Wink

windjc

legendary

Activity: 2156

Merit: 1070

Quote from: pdawg on December 23, 2013, 01:18:02 AM

Quote from: windjc on December 23, 2013, 01:03:52 AM

Meanwhile, while I wait for BTC price to become cheaper, I CANNOT believe I am earning 438% interest on 76k on Bitfinex.

At these rates, I will have to be wiring some additional money there soon. I mean, for 100k I can clear over $1000 in interest. Each day. I will double my money in 3 months, basically risk free. That's insane. A million would net $300k a month at this rate. Surely these are the highest interests rates in the world.

So you are using insured loans?

Nope, but fortunately there is some historical data to base the risk on. Bitfinex opened during April a few days before the market crashed 80%. When it crashed, loans lost 9% of their principal on an 80% market crash due to orders not being able to be met. So in my risk assesment, I figure with an 80% market drop, I risk 10-15% of my prinicipal or about 2 weeks of interest. That is a risk I can live with.

HairyMaclairy

legendary

Activity: 1442

Merit: 2282

Degenerate bull hatter & Bitcoin monotheist

Quote from: windjc on December 23, 2013, 01:18:49 AM

Quote from: ?? on ??

how risky is it to lend the funds?

If the market crashed to $150 in 5 minutes its probably risky. But they don't allow more than 2 to 1 lending at high volatility times. Like the past month and a half.

So if the market dropped more than 50 percent? Like for example from 1200 to 500? Good thing Bitcoin also has non volatile periods.

windjc

legendary

Activity: 2156

Merit: 1070

Quote from: ?? on ??

how risky is it to lend the funds?

If the market crashed to $150 in 5 minutes its probably risky. But they don't allow more than 2 to 1 lending at high volatility times. Like the past month and a half.

pdawg

sr. member

Activity: 252

Merit: 250

Quote from: windjc on December 23, 2013, 01:03:52 AM

Meanwhile, while I wait for BTC price to become cheaper, I CANNOT believe I am earning 438% interest on 76k on Bitfinex.

At these rates, I will have to be wiring some additional money there soon. I mean, for 100k I can clear over $1000 in interest. Each day. I will double my money in 3 months, basically risk free. That's insane. A million would net $300k a month at this rate. Surely these are the highest interests rates in the world.

So you are using insured loans?

MicroFi

full member

Activity: 124

Merit: 100

Quote from: windjc on December 23, 2013, 01:12:47 AM

Quote from: ?? on ??

Quote from: windjc on December 23, 2013, 01:03:52 AM

Meanwhile, while I wait for BTC price to become cheaper, I CANNOT believe I am earning 438% interest on 76k on Bitfinex.

At these rates, I will have to be wiring some additional money there soon. I mean, for 100k I can clear over $1000 in interest. Each day. I will double my money in 3 months, basically risk free. That's insane. A million would net $300k a month at this rate. Surely these are the highest interests rates in the world.

Wow... crazy.

Yeah, and this is on a weekend where the market has basically flatlined. For whatever reason traders are willing to pay insane premiums to trade with other peoples money. Not only that, but when you leverage at Bitfinex you do it with 100% other people's money. Meaning, they hold $1000 of your money and let you trade $2000, but you are paying interest on the entire $2000, not just the $1000 you are borrowing. AND people are paying this!

Are you using insured loans?

windjc

legendary

Activity: 2156

Merit: 1070

Quote from: ?? on ??

Quote from: windjc on December 23, 2013, 01:03:52 AM

Meanwhile, while I wait for BTC price to become cheaper, I CANNOT believe I am earning 438% interest on 76k on Bitfinex.

At these rates, I will have to be wiring some additional money there soon. I mean, for 100k I can clear over $1000 in interest. Each day. I will double my money in 3 months, basically risk free. That's insane. A million would net $300k a month at this rate. Surely these are the highest interests rates in the world.

Wow... crazy.

Yeah, and this is on a weekend where the market has basically flatlined. For whatever reason traders are willing to pay insane premiums to trade with other peoples money. Not only that, but when you leverage at Bitfinex you do it with 100% other people's money. Meaning, they hold $1000 of your money and let you trade $2000, but you are paying interest on the entire $2000, not just the $1000 you are borrowing. AND people are paying this!

windjc

legendary

Activity: 2156

Merit: 1070

Meanwhile, while I wait for BTC price to become cheaper, I CANNOT believe I am earning 438% interest on 76k on Bitfinex.

At these rates, I will have to be wiring some additional money there soon. I mean, for 100k I can clear over $1000 in interest. Each day. I will double my money in 3 months, basically risk free. That's insane. A million would net $300k a month at this rate. Surely these are the highest interests rates in the world.

solex

legendary

Activity: 1078

Merit: 1006

100 satoshis -> ISO code

The daily chart on btcchina is building a hell of a base at 3700 ($608). While it could still fall off a cliff it seems a move to the next resistance at 5000 is also likely.

jojo69

legendary

Activity: 3388

Merit: 4775

diamond-handed zealot

Quote from: ?? on ??

Close. It was a strange man with a long white beard in a Lambo. All he said was, "Baaaaahhhhk to the future".

perfect

BitChick

legendary

Activity: 1148

Merit: 1001

Quote from: ?? on ??

so are we all going to agree then that satoshi is in fact santa clause and 400k coins are set to fly around the world in a couple days?

That would be nice. Grin

Of course if Satashi decided to give out coins from the kindness of his/her heart that would perhaps cause the price to drop a bit. I can't imagine everyone hodling all those coins.

byronbb

legendary

Activity: 1414

Merit: 1000

HODL OR DIE

Quote from: ?? on ??

Quote from: byronbb on December 23, 2013, 12:38:35 AM

Quote from: ?? on ??

Quote from: byronbb on December 23, 2013, 12:35:27 AM

Quote from: ?? on ??

so are we all going to agree then that satoshi is in fact santa clause and 400k coins are set to fly around the world in a couple days?

No. Satoshi is the NSA and 400k coins aren't going to do anything that any of us here know about.

Paying for their 51% ASIC mega farm.

They've outsourced all the hard work. They don't need to do anything regarding mining.

Did you go to 2015 in the DeLorean??

Close. It was a strange man with a long white beard in a Lambo. All he said was, "Baaaaahhhhk to the future".

Great Scot!

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