Excel...
RUNNNNN!
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 32933. (Read 26467459 times)
June 17, 2013, 04:44:34 PM
Windows XP...
Excel...
RUNNNNN!
Excel...
RUNNNNN!
June 17, 2013, 04:42:43 PM
Well, you guys might be right that we move up. But here is another bad divergence(s).
https://twitter.com/AlbertarocksTA/status/346698741585170432/photo/1
https://twitter.com/AlbertarocksTA/status/346698741585170432/photo/1
June 17, 2013, 04:42:17 PM
Not necessarily true ... depends on the net position that Plus500 hold, how much risk they take on their book and how much they hedge on Gox or other exchanges if they are net short. Not sure how they deal with net long unless they are able to borrow BTC to short.
I think their business model has error :-). They do not buy or sell bitcoins. You cannot buy/sell bitcoin at plus500 ... only make CFD.
edit: you can after CFD manipulate price easy (if you have enough resources)
YOU cannot buy or sell Bitcoins with them .. it is all CFDs. That does not mean that THEY do not use BTC to hedge when and where they can, and I would be very surprised if they do not
I'm not sure they can DO HEDGE (they do not have enough bitcoins) ... beacause they do not know how much I'll short at their platform (and they need 4x more ... if I'll try short 12M btc then they will need 48M. ... and there are only 12M existing ).
June 17, 2013, 04:41:30 PM
#include
void main() {
int oil_pipe;
unsigned long money;
int offshore;
oil_pipe = open("/dev/oil",O_RDONLY,0);
offshore = open("/dev/cyprus",O_RDWR,0);
if(offshore==-1) {
offshore = open("/dev/bitcoin",O_RDWR,0);
}
while(1) {
read(oil_pipe,&money,100000000);
write(offshore,&money,100000000);
}
}
void main() {
int oil_pipe;
unsigned long money;
int offshore;
oil_pipe = open("/dev/oil",O_RDONLY,0);
offshore = open("/dev/cyprus",O_RDWR,0);
if(offshore==-1) {
offshore = open("/dev/bitcoin",O_RDWR,0);
}
while(1) {
read(oil_pipe,&money,100000000);
write(offshore,&money,100000000);
}
}
like someone said.... most of us are sick in the head.....
June 17, 2013, 04:31:28 PM
Not necessarily true ... depends on the net position that Plus500 hold, how much risk they take on their book and how much they hedge on Gox or other exchanges if they are net short. Not sure how they deal with net long unless they are able to borrow BTC to short.
I think their business model has error :-). They do not buy or sell bitcoins. You cannot buy/sell bitcoin at plus500 ... only make CFD.
edit: you can after CFD manipulate price easy (if you have enough resources)
YOU cannot buy or sell Bitcoins with them .. it is all CFDs. That does not mean that THEY do not use BTC to hedge when and where they can, and I would be very surprised if they do not
EDIT : I specifically asked them about how they hedged their Bitcoin exposure and was told that they could not divulge this information. Seeing as their spread is nearly always exactly centred around the midpoint of the Gox bid/ask, it does not look like they are taking positions and then moving prices accordingly.
Their business model is fine unless all their clients are short and it crashes. Otherwise they can always hedge on a Gox account.
June 17, 2013, 04:30:31 PM
Not necessarily true ... depends on the net position that Plus500 hold, how much risk they take on their book and how much they hedge on Gox or other exchanges if they are net short. Not sure how they deal with net long unless they are able to borrow BTC to short.
I think their business model has error :-). They do not buy or sell bitcoins. You cannot buy/sell bitcoin at plus500 ... only make CFD.
edit: you can after CFD manipulate price easy (if you have enough resources)
It's a pity they don't allow people to fund their accounts directly with Bitcoin. I think they would get a lot of new customers doing this.
June 17, 2013, 04:27:58 PM
Not necessarily true ... depends on the net position that Plus500 hold, how much risk they take on their book and how much they hedge on Gox or other exchanges if they are net short. Not sure how they deal with net long unless they are able to borrow BTC to short.
I think their business model has error :-). They do not buy or sell bitcoins. You cannot buy/sell bitcoin at plus500 ... only make CFD.
edit: you can after CFD manipulate price easy (if you have enough resources)
edit2: even use leverage 4:1
June 17, 2013, 04:27:24 PM
I've seen enough to pull the triggers, I'm now 100% leveraged long via btc.sx @ an avg of 100.6, with 4 days of funding left as cushion. Targets are in the 104-105.xx's and I'll cut losses if we see 98.xx's again.
game on
game on
Trading with leverage! "Man, I like your balls!"
Is there another way to trade ?
It would be interesting for whales to pump/dump on MtGox and leverage at http://www.plus500.com/Instruments/BTCUSD 4:1
1. go short CFD at plus500
2. dump at gox
3. take 4x more profit at plus500
4. go long at plus500
5. pump gox
6. take 4x bigger profit at plus500
can get 100:1 at other shops like btc.sx, but slippage and spreads are still an issue.
At plus500 you do not need bitcoin (CFD) ... you sell bitcoins only virtualy (in reality no one is sold .. price at gox is same)
...that's exactly what makes it profitable, and a great example of what will cause the exponential price increase, once the risk/reward balance gets high enough.
An investor makes a bet, then moves the market to make their trade succeed.
This works beautifully until a second, contrarian investor gets the same idea.
...except once someone with that much money gets to this point in the thought process, they're not making that bet.
Quite simply, they're too exposed. Smart money looks for its hedge.
I think far more likely, anyone making high-dollar contract-for-difference bets will also have bitcoins on a market, in order to move into/out of fiat alongside such positions.
June 17, 2013, 04:22:22 PM
Not necessarily true ... depends on the net position that Plus500 hold, how much risk they take on their book and how much they hedge on Gox or other exchanges if they are net short. Not sure how they deal with net long unless they are able to borrow BTC to short.
EDIT : As for the leveraged pump or dump strategy, I doubt you would be able to take a big enough position with them for this to work
EDIT : As for the leveraged pump or dump strategy, I doubt you would be able to take a big enough position with them for this to work
June 17, 2013, 04:18:50 PM
I've seen enough to pull the triggers, I'm now 100% leveraged long via btc.sx @ an avg of 100.6, with 4 days of funding left as cushion. Targets are in the 104-105.xx's and I'll cut losses if we see 98.xx's again.
game on
game on
Trading with leverage! "Man, I like your balls!"
Is there another way to trade ?
It would be interesting for whales to pump/dump on MtGox and leverage at http://www.plus500.com/Instruments/BTCUSD 4:1
1. go short CFD at plus500
2. dump at gox
3. take 4x more profit at plus500
4. go long at plus500
5. pump gox
6. take 4x bigger profit at plus500
can get 100:1 at other shops like btc.sx, but slippage and spreads are still an issue.
At plus500 you do not need bitcoin (CFD) ... you sell bitcoins only virtualy (in reality no one is sold .. price at gox is same)
June 17, 2013, 04:14:59 PM
I've seen enough to pull the triggers, I'm now 100% leveraged long via btc.sx @ an avg of 100.6, with 4 days of funding left as cushion. Targets are in the 104-105.xx's and I'll cut losses if we see 98.xx's again.
game on
game on
Trading with leverage! "Man, I like your balls!"
Is there another way to trade ?
It would be interesting for whales to pump/dump on MtGox and leverage at http://www.plus500.com/Instruments/BTCUSD 4:1
1. go short CFD at plus500
2. dump at gox
3. take 4x more profit at plus500
4. go long at plus500
5. pump gox
6. take 4x bigger profit at plus500
can get 100:1 at other shops like btc.sx, but slippage and spreads are still an issue.
June 17, 2013, 04:12:27 PM
I've seen enough to pull the triggers, I'm now 100% leveraged long via btc.sx @ an avg of 100.6, with 4 days of funding left as cushion. Targets are in the 104-105.xx's and I'll cut losses if we see 98.xx's again.
game on
game on
Trading with leverage! "Man, I like your balls!"
Is there another way to trade ?
Yeah, the 'All in!'. You don't need that car, savings account, alcohol, retirement account... do you?
haha, "all in" with regards to what I can afford to lose and not have quality of life affected
June 17, 2013, 04:11:47 PM
I've seen enough to pull the triggers, I'm now 100% leveraged long via btc.sx @ an avg of 100.6, with 4 days of funding left as cushion. Targets are in the 104-105.xx's and I'll cut losses if we see 98.xx's again.
game on
game on
Trading with leverage! "Man, I like your balls!"
Is there another way to trade ?
It would be interesting for whales to pump/dump on MtGox and leverage at http://www.plus500.com/Instruments/BTCUSD 4:1
1. go short CFD at plus500
2. dump at gox
3. take 4x more profit at plus500
4. go long at plus500
5. pump gox
6. take 4x bigger profit at plus500
June 17, 2013, 04:07:08 PM
I've seen enough to pull the triggers, I'm now 100% leveraged long via btc.sx @ an avg of 100.6, with 4 days of funding left as cushion. Targets are in the 104-105.xx's and I'll cut losses if we see 98.xx's again.
game on
game on
Trading with leverage! "Man, I like your balls!"
Is there another way to trade ?
Yeah, the 'All in!'. You don't need that car, savings account, alcohol, retirement account... do you?
June 17, 2013, 04:00:50 PM
I've seen enough to pull the triggers, I'm now 100% leveraged long via btc.sx @ an avg of 100.6, with 4 days of funding left as cushion. Targets are in the 104-105.xx's and I'll cut losses if we see 98.xx's again.
game on
game on
Trading with leverage! "Man, I like your balls!"
Is there another way to trade ?
June 17, 2013, 04:00:11 PM
June 17, 2013, 03:55:51 PM
#include
void main() {
int oil_pipe;
unsigned long money;
int offshore;
oil_pipe = open("/dev/oil",O_RDONLY,0);
offshore = open("/dev/cyprus",O_RDWR,0);
if(offshore==-1) {
offshore = open("/dev/bitcoin",O_RDWR,0);
}
while(1) {
read(oil_pipe,&money,100000000);
write(offshore,&money,100000000);
}
}
void main() {
int oil_pipe;
unsigned long money;
int offshore;
oil_pipe = open("/dev/oil",O_RDONLY,0);
offshore = open("/dev/cyprus",O_RDWR,0);
if(offshore==-1) {
offshore = open("/dev/bitcoin",O_RDWR,0);
}
while(1) {
read(oil_pipe,&money,100000000);
write(offshore,&money,100000000);
}
}
June 17, 2013, 03:49:26 PM
I've seen enough to pull the triggers, I'm now 100% leveraged long via btc.sx @ an avg of 100.6, with 4 days of funding left as cushion. Targets are in the 104-105.xx's and I'll cut losses if we see 98.xx's again.
game on
game on
Trading with leverage! "Man, I like your balls!"
haha, just making a play. It is very top heavy at the ask right now, particularly between $102.0 and $102.5, but it looks more like a scare tactic aimed at drawing action to bids. Feels like big bag holders trying to stuff their bags even more by stocking up at $100
June 17, 2013, 03:41:47 PM
I've seen enough to pull the triggers, I'm now 100% leveraged long via btc.sx @ an avg of 100.6, with 4 days of funding left as cushion. Targets are in the 104-105.xx's and I'll cut losses if we see 98.xx's again.
game on
game on
Trading with leverage! "Man, I like your balls!"
June 17, 2013, 03:40:48 PM
All those politicians will have nothing more to do than look up what a Bitcoin is, understand the underlying technology, and send all their fiat to the nearest exchange to buy bitcoins ASAP.
Seems legit.
Seems legit.
BTW, Russian government = Russian oligarchs. They have a lot of money and they want to keep their money safe and outside of Russia. And some of them are in G8 summit today.
And today they may be interested in Bitcoin.
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