Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 33832.

thezerg

legendary

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Quote from: Richy_T on May 01, 2013, 09:36:23 AM

Quote from: rpietila on May 01, 2013, 08:42:43 AM

Isn't this the place to use all of your verbal wit to talk the price up?

For me, this place seems to have gone from a mostly honest discussion about the price to a lot of people trying to talk the price up or down in order to try to sell high or buy cheap (mostly the latter).

Yeah, but actually I think an actual put offer is a good reality check.

Because there's a BIG difference between saying NEVER and selling a put option for 100BTC for qty 250BTC! And note the buyer holds all the counterparty risk. To me the word NEVER would put the price at 1-5%. Since there is no risk this cost is just to pay for the time, effort, and opportunity cost involved.

DougTanner

sr. member

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Quote from: SlipperySlope on May 01, 2013, 09:46:27 AM

Yet another triangle. Momentum building to break through below $127.

Tripple bottom + Wednesday?

ineededausername

hero member

Activity: 784

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bitcoin hundred-aire

Let's go, $100! Hopefully this time it works out...

SlipperySlope

hero member

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Stephen Reed

Yet another triangle. Momentum building to break through below $127.

seleme

legendary

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Duelbits.com

Doesn't look good, where are those bulls when you need them? Grin

awakening

full member

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Quick dump at MtGoxEUR

Richy_T

legendary

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1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k

Quote from: rpietila on May 01, 2013, 08:42:43 AM

Isn't this the place to use all of your verbal wit to talk the price up?

For me, this place seems to have gone from a mostly honest discussion about the price to a lot of people trying to talk the price up or down in order to try to sell high or buy cheap (mostly the latter).

Cablez

legendary

Activity: 1400

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I owe my soul to the Bitcoin code...

Sorry wrong direction. Fixed above.

SlipperySlope

hero member

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Stephen Reed

Quote

So are bear traps self fulfilling in that someone just has to keep smacking the price around enough that investors lose faith or get bored or whatever long enough that the money flows out?

I do not understand what you mean. Here is a common definition of a bear trap from Investopedia ...

Quote

A false signal that the rising trend of a stock or index has reversed when it has not. A bear trap prompts traders to place shorts on the stock or index, since they expect the underlying to decline in value. Instead of declining further, the investment stays flat, or slightly recovers.

smoothie

legendary

Activity: 2492

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LEALANA Bitcoin Grim Reaper

Quote from: rpietila on May 01, 2013, 08:42:43 AM

Isn't this the place to use all of your verbal wit to talk the price up?

Yes.

There is a big difference between dealing (making contracts via puts) and trolling/speculating on the price.

Now go back into the hole you came out of and find a place to do your deals.

Like I said, no one gives a shit. Hence market place forum: https://bitcointalk.org/index.php?board=5.0

Cheesy

Cablez

legendary

Activity: 1400

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I owe my soul to the Bitcoin code...

So are ~~bear~~ bull traps self fulfilling in that someone just has to keep smacking the price around enough that investors lose faith or get bored or whatever long enough that the money flows out?
After that the price has nowhere to go but down.

EDIT: It is too early to type

rpietila

donator

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Quote from: el_rlee on May 01, 2013, 09:01:30 AM

If my calculations are right I would break even when bitcoin goes down to 89$?
I prefer to sell the 100BTC now, and buy myself 146 if it really goes down that far...

You are welcome to bid a lower price, or specify your bid in relation to the latest Mt.Gox price or absolutely whatever (by PM). I will now take some fresh air and my dinner should also be ready eventually.

el_rlee

legendary

Activity: 1600

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If my calculations are right I would break even when bitcoin goes down to 89$?
I prefer to sell the 100BTC now, and buy myself 146 if it really goes down that far...

... and sorry for spamming the thread - my initial observation:

Quote from: el_rlee on May 01, 2013, 08:43:32 AM

What does the comparatively low difference between MtGox and BTC-E tell us?
Also it has been a loooong time since bitcoin.de and btcchina.com are dealing higher than MtGox.

rpietila

donator

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Quote from: el_rlee on May 01, 2013, 08:44:46 AM

Quote from: rpietila on May 01, 2013, 08:42:43 AM

Isn't this the place to use all of your verbal wit to talk the price up?

Or down.
Depending if you are long or short.
Please specify the put option you are offering. Strike 115$, okay. When will they mature? Would you be willing to go through escrow?

It is fully specified, read above. Escrow (John K./zeroday) ok for the premium amount. Buyer pays all escrow fees.

el_rlee

legendary

Activity: 1600

Merit: 1014

Quote from: rpietila on May 01, 2013, 08:42:43 AM

Isn't this the place to use all of your verbal wit to talk the price up?

Or down.
Depending if you are long or short.
Please specify the put option you are offering. Strike 115$, okay. When will they mature? Would you be willing to go through escrow?

el_rlee

legendary

Activity: 1600

Merit: 1014

What does the comparatively low difference between MtGox and BTC-E tell us?
Also it has been a loooong time since bitcoin.de and btcchina.com are dealing higher than MtGox.

rpietila

donator

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Isn't this the place to use all of your verbal wit to talk the price up?

smoothie

legendary

Activity: 2492

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LEALANA Bitcoin Grim Reaper

Can you guys (Reptilia and others) make your deals in the market place section or on PM?

No one gives a shit about your put options. Thanks Tongue

rpietila

donator

Activity: 1722

Merit: 1036

Umm.. more like:

Quote from: rpietila on May 01, 2013, 07:50:10 AM

---------------****************************************************************************************----------------
THE BUYER OF THIS PUT OPTION IS ENTITLED TO GIVE BANK ACCOUNT DETAILS, WHICH WILL BE USED AS FOLLOWS:

RPIETILA WILL BE BOUND TO SEND $115 USD TO THE BANK ACCOUNT SPECIFIED, SO THAT THE WIRE CLEARS NO LONGER THAN 7 BANK DAYS FROM THE RECEIPT OF BITCOINS IN THE ADDRESS:

1PtQHwwwucuRno6HfyGTemrQCgoSn5F4Hw

THE BITCOINS WILL HAVE TO BE SENT IN LOTS NO SMALLER THAN BTC250, AND ANY BALANCE OVER BTC500 WILL BE KEPT. THEREFORE THE MAXIMUM USD THAT RPIETILA IS BOUND TO SURRENDER IS $57500, IN EXCHANGE FOR THE RECEIPT OF 500 BITCOINS. THIS AGREEMENT IS IN FORCE FOR BITCOIN TRANSFERS EFFECTED ON OR BEFORE 30. JUNE, 2013.
---------------****************************************************************************************----------------

The above is an example text, the actual option will be some sort of verifiable private communication.

Takers, bids? Grin

For BTC100 I can sell right away..

Please do not use the following address for anything except to send the premium of these puts to me, according to further private communication between the buyer and me, the writer:

16nGk9anaXxJiGY48u9gtzmibAYhVWdyCd

SlipperySlope

hero member

Activity: 686

Merit: 501

Stephen Reed

Relentless selling pressure.

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 33832. (Read 26499354 times)