Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 33690.

rpietila

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Quote from: adamstgBit on May 07, 2013, 12:37:59 AM

Quote from: rpietila on May 07, 2013, 12:30:15 AM

Quote from: adamstgBit on May 07, 2013, 12:27:49 AM

ya i'd like to buy a PUT

100$ strike price 200BTC

how much?

BTC40, send me PM so we lock-in the price and details.

40BTC or about

so that i can sell you 200 BTC for 100$ each anytime before june.
an ok deal if you think bitcoin might go down and want to sell them.

i'm going to have to pass i just realize i want MORE Cheesy

The premium must be paid in bitcoins of course, because no other method is as fast, cheap and trustable.

When you send me BTC200 before June, I will be obliged to send you $20,000, and that is fiat, and may take up to a week to reach you.

For this privilege you send me BTC40, this is fair if anything

OK, right now it crosses $110, we want to see it play ut before you buy, right Wink

crazy_rabbit

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RUM AND CARROTS: A PIRATE LIFE FOR ME

Quote from: adamstgBit on May 07, 2013, 12:37:59 AM

Quote from: rpietila on May 07, 2013, 12:30:15 AM

Quote from: adamstgBit on May 07, 2013, 12:27:49 AM

ya i'd like to buy a PUT

100$ strike price 200BTC

how much?

BTC40, send me PM so we lock-in the price and details.

40BTC or about

so that i can sell you 200 BTC for 100$ each anytime before june.
an ok deal if you think bitcoin might go down and want to sell them if they do go down.

i'm going to have to pass i just realize i want MORE Cheesy

Or you could stay awake from now till june and sell if it looks like it's going down. :-)

crazy_rabbit

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RUM AND CARROTS: A PIRATE LIFE FOR ME

A put sounds interesting. Now my question would be how to enforce fulfillment of contract.

adamstgBit

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Trusted Bitcoiner

Quote from: rpietila on May 07, 2013, 12:30:15 AM

Quote from: adamstgBit on May 07, 2013, 12:27:49 AM

ya i'd like to buy a PUT

100$ strike price 200BTC

how much?

BTC40, send me PM so we lock-in the price and details.

40BTC or about

so that i can sell you 200 BTC for 100$ each anytime before june.
an ok deal if you think bitcoin might go down and want to sell them if they do go down.

i'm going to have to pass i just realize i want MORE Cheesy

rpietila

donator

Activity: 1722

Merit: 1036

Quote from: adamstgBit on May 07, 2013, 12:27:49 AM

ya i'd like to buy a PUT

100$ strike price 200BTC

how much?

BTC40, send me PM so we lock-in the price and details.

rpietila

donator

Activity: 1722

Merit: 1036

Quote from: solex on May 07, 2013, 12:19:37 AM

We just saw 110 and 102 in the same candle only 2 hours ago!

That fact is instrumental in my analysis. It is called "trading range", and breaking either will be fireworks. However it is a trap nevertheless. If we break to the upside, it is a bull trap. Downside, it is a bear trap.

adamstgBit

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Quote from: Babylon on May 07, 2013, 12:25:32 AM

Quote from: rpietila on May 07, 2013, 12:22:51 AM

Quote from: Babylon on May 07, 2013, 12:12:58 AM

Quote from: rpietila on May 07, 2013, 12:10:20 AM

Anyone interested in puts? Grin

As you might know by now, I want to buy bitcoins, and what would be a better way to buy them than giving others permission to sell at lower than current price and net the margin. Worst scenario would be to just net the margin..

Imho, we will see either 110 or 102, one before the other. Prepare accordingly.

Can you explain what you are offering? I have read a bit about puts and they don't make a lot of sense to me.

If you believe that bitcoin might go down a lot, you sell, and buy back cheaper.

If you are not sure, it may go down or not, but that is not certain, and you don't want to sell eg. for tax reasons, you buy a put.

For example, now I would sell you a $100 put for BTC.200.

MP is selling it for BTC.330 currently so you get it cheaper from me.

Put is my obligation to buy bitcoins at the strike price, no matter how low they go in other venues such as Mt.Gox.

This put above is current until end of June, and may be exercised any time before.

BTC100 face value OK (I want to try even this one time thats why I lowered the minimum).

So you pay me BTC20, and your BTC100 will never be worth less than $10,000 until the end of June. Sleep well!

That makes sense. I'm fairly confident they'll be WAY above 100 by the end of June, but thank you for explaining that.

ya i'd like to buy a PUT

100$ strike price 200BTC

how much?

Babylon

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Quote from: rpietila on May 07, 2013, 12:22:51 AM

Quote from: Babylon on May 07, 2013, 12:12:58 AM

Quote from: rpietila on May 07, 2013, 12:10:20 AM

Anyone interested in puts? Grin

As you might know by now, I want to buy bitcoins, and what would be a better way to buy them than giving others permission to sell at lower than current price and net the margin. Worst scenario would be to just net the margin..

Imho, we will see either 110 or 102, one before the other. Prepare accordingly.

Can you explain what you are offering? I have read a bit about puts and they don't make a lot of sense to me.

If you believe that bitcoin might go down a lot, you sell, and buy back cheaper.

If you are not sure, it may go down or not, but that is not certain, and you don't want to sell eg. for tax reasons, you buy a put.

For example, now I would sell you a $100 put for BTC.200.

MP is selling it for BTC.330 currently so you get it cheaper from me.

Put is my obligation to buy bitcoins at the strike price, no matter how low they go in other venues such as Mt.Gox.

This put above is current until end of June, and may be exercised any time before.

BTC100 face value OK (I want to try even this one time thats why I lowered the minimum).

So you pay me BTC20, and your BTC100 will never be worth less than $10,000 until the end of June. Sleep well!

That makes sense. I'm fairly confident they'll be WAY above 100 by the end of June, but thank you for explaining that.

rpietila

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Activity: 1722

Merit: 1036

Quote from: Babylon on May 07, 2013, 12:12:58 AM

Quote from: rpietila on May 07, 2013, 12:10:20 AM

Anyone interested in puts? Grin

As you might know by now, I want to buy bitcoins, and what would be a better way to buy them than giving others permission to sell at lower than current price and net the margin. Worst scenario would be to just net the margin..

Imho, we will see either 110 or 102, one before the other. Prepare accordingly.

Can you explain what you are offering? I have read a bit about puts and they don't make a lot of sense to me.

If you believe that bitcoin might go down a lot, you sell, and buy back cheaper.

If you are not sure, it may go down or not, but that is not certain, and you don't want to sell eg. for tax reasons, you buy a put.

For example, now I would sell you a $100 put for BTC.200.

MP is selling it for BTC.330 currently so you get it cheaper from me.

Put is my obligation to buy bitcoins at the strike price, no matter how low they go in other venues such as Mt.Gox.

This put above is current until end of June, and may be exercised any time before.

BTC100 face value OK (I want to try even this one time thats why I lowered the minimum).

So you pay me BTC20, and your BTC100 will never be worth less than $10,000 until the end of June. Sleep well!

Babylon

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Activity: 938

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Quote from: adamstgBit on May 07, 2013, 12:18:20 AM

Quote from: Babylon on May 07, 2013, 12:12:58 AM

Quote from: rpietila on May 07, 2013, 12:10:20 AM

Anyone interested in puts? Grin

As you might know by now, I want to buy bitcoins, and what would be a better way to buy them than giving others permission to sell at lower than current price and net the margin. Worst scenario would be to just net the margin..

Imho, we will see either 110 or 102, one before the other. Prepare accordingly.

Can you explain what you are offering? I have read a bit about puts and they don't make a lot of sense to me.

put and call options are quite complicated...
http://en.wikipedia.org/wiki/Put_option

yeah, I read that article, it looked like it was making it more complicated than it needed to be but i wasn't certain.

solex

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100 satoshis -> ISO code

Quote from: rpietila on May 07, 2013, 12:10:20 AM

Anyone interested in puts? Grin

As you might know by now, I want to buy bitcoins, and what would be a better way to buy them than giving others permission to sell at lower than current price and net the margin. Worst scenario would be to just net the margin..

Imho, we will see either 110 or 102, one before the other. Prepare accordingly.

We just saw 110 and 102 in the same candle only 2 hours ago!
If you have no useful information then best to remain silent until this changes.

adamstgBit

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Trusted Bitcoiner

Quote from: Babylon on May 07, 2013, 12:12:58 AM

Quote from: rpietila on May 07, 2013, 12:10:20 AM

Anyone interested in puts? Grin

As you might know by now, I want to buy bitcoins, and what would be a better way to buy them than giving others permission to sell at lower than current price and net the margin. Worst scenario would be to just net the margin..

Imho, we will see either 110 or 102, one before the other. Prepare accordingly.

Can you explain what you are offering? I have read a bit about puts and they don't make a lot of sense to me.

put and call options are quite complicated...
http://en.wikipedia.org/wiki/Put_option

Babylon

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CryptoTalk.Org - Get Paid for every Post!

Quote from: rpietila on May 07, 2013, 12:10:20 AM

Anyone interested in puts? Grin

As you might know by now, I want to buy bitcoins, and what would be a better way to buy them than giving others permission to sell at lower than current price and net the margin. Worst scenario would be to just net the margin..

Imho, we will see either 110 or 102, one before the other. Prepare accordingly.

Can you explain what you are offering? I have read a bit about puts and they don't make a lot of sense to me.

rpietila

donator

Activity: 1722

Merit: 1036

Anyone interested in puts? Grin

As you might know by now, I want to buy bitcoins, and what would be a better way to buy them than giving others permission to sell at lower than current price and net the margin. Worst scenario would be to just net the margin..

Imho, we will see either 110 or 102, one before the other. Prepare accordingly.

rpietila

donator

Activity: 1722

Merit: 1036

Quote from: seleme on May 07, 2013, 12:02:18 AM

So, we're going to see 95 again?

I think we will not see 95 again, but 100 is irresistible. But you can never know - after hitting 95 it can induce another rout. If 79 does not hold, more retreat. After that even I would consider that we go to 50, and perhaps we would, perhaps not. Even now people are buying because they think that I am a contrarian indicator and my sudden turn to bearishness bodes well for bitcoin.

Long term anything sub-100k is a glaring buy.

mccorvic

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Quote from: seleme on May 07, 2013, 12:02:18 AM

So, we're going to see 95 again?

As with all things bitcoin, the best answers is a resounding "maybe"

humanitee

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Quote from: seleme on May 07, 2013, 12:02:18 AM

So, we're going to see 95 again?

I think so. Probably further.

seleme

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Duelbits.com

So, we're going to see 95 again?

rpietila

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My reasoning goes like this - it has to touch $100 before leaving this area.

But touching it induces a panic that may go low or lower. Expect a crash immediately if $102 does not hold. The depth above 102 is $400k.

Do not sell your coins, this is not my intention. Prime your buys between 50-100 when we get there.

favelle75

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Quote from: Nightowlace on May 06, 2013, 11:21:02 PM

$50 is the new $5, so bitcoin is obviously going to $500 next. I don't mind 1,000% gains even if we go to 50. And will buy more sub-100.

Ok if we breach 78, it will likely resume downtrend for a time, but I think we will not see 78 again.

I hate it when you say "we will not see $xx again" because when you do we ALWAYS see that number again and it usually doesn't take long after you say it.

Well I was sitting on the sidelines but I better sell a few so I have some cash for the $78 hit coming in the next two hours.
[/quote]

THIS. Its gotten bloody annoying. Everytime he says "it will NEVER hit that price again", within a day it hits that price (and lower).

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 33690. (Read 26497050 times)