Will the tide turn? Or are we going to $60? Tune in tonight!

Ichthyo

hero member

Activity: 602

Merit: 500

Quote from: Ichthyo on March 11, 2013, 12:04:19 AM

right now, any remotely "sane" USD loans are taken at Bitfinex...

Quote from: Qoheleth on March 11, 2013, 01:49:14 PM

I'll see if I can get more money in before the current optimism dries up, eh?

Quote from: SkRRJyTC on March 11, 2013, 01:51:48 PM

I cant wait for a downtrend so I can lend BTC

So why don't you sell off part of your BTC at the integrated exchange and lend them out as USD?

The nice thing with this lending business is that it gives you a constant small revenue every day. The downside is that, whenever the lending becomes really profitable, you could make way more by day trading, by going with and only slightly against the predominant market movement. So basically it boils down to taking low risks == lending, taking high risks == day trading.

But in both cases its not a good idea to fight the current market sentiment. Since the sentiment is (still) rather bullish right now, you'll make more money by lending USD

Qoheleth

legendary

Activity: 960

Merit: 1028

Spurn wild goose chases. Seek that which endures.

Quote from: steamboat on March 13, 2013, 10:31:41 AM

Why would you need to wait for a downtrend?

There's very little short volume right now for whatever reason. There's plenty of offers to loan out BTC on Bitfinex right now, but nobody is biting.

steamboat

hero member

Activity: 648

Merit: 500

Quote from: SkRRJyTC on March 11, 2013, 01:51:48 PM

Quote from: Qoheleth on March 11, 2013, 01:49:14 PM

Quote from: Ichthyo on March 11, 2013, 12:04:19 AM

right now, any remotely "sane" USD loans are taken at Bitfinex, leaving only loans over 800% APY.

Heh. Sorry I ran out - only got so many dollars on hand to pass out to starry-eyed dreamers. Hard to get more into Bitfinex without either eating wire fees or taking the slow boat through Dwolla and Gox.

I'll see if I can get more money in before the current optimism dries up, eh?

I cant wait for a downtrend so I can lend BTC

Why would you need to wait for a downtrend?

zkay

full member

Activity: 126

Merit: 100

Wanted to congratulate our voters for stagnate and fall below $40, you were all right! Nice work!

Wekkel

legendary

Activity: 3108

Merit: 1531

yes

Quote from: bitlybit on March 11, 2013, 06:09:52 PM

hehe like you i made many value with bitcoin together we become more rich because bitcoin value go to 1000$ this year you are right about that zkay

thank to holding bitcoin money of the future and wealth for all of us holding more will come to buy rais evalue of our bitcoin

good call zkay and may you become super rich like you hope to be with bitcoin

https://bitcointalksearch.org/topic/m.1583917

=> "Fiat are so much debase"

bitlybit

newbie

Activity: 14

Merit: 0

hehe like you i made many value with bitcoin together we become more rich because bitcoin value go to 1000$ this year you are right about that zkay

thank to holding bitcoin money of the future and wealth for all of us holding more will come to buy rais evalue of our bitcoin

good call zkay and may you become super rich like you hope to be with bitcoin

zkay

full member

Activity: 126

Merit: 100

Price is pretty stagnant so far. We'll see what happens in the next few hours!

SkRRJyTC

legendary

Activity: 1008

Merit: 1000

Quote from: Qoheleth on March 11, 2013, 01:49:14 PM

Quote from: Ichthyo on March 11, 2013, 12:04:19 AM

right now, any remotely "sane" USD loans are taken at Bitfinex, leaving only loans over 800% APY.

Heh. Sorry I ran out - only got so many dollars on hand to pass out to starry-eyed dreamers. Hard to get more into Bitfinex without either eating wire fees or taking the slow boat through Dwolla and Gox.

I'll see if I can get more money in before the current optimism dries up, eh?

I cant wait for a downtrend so I can lend BTC

Qoheleth

legendary

Activity: 960

Merit: 1028

Spurn wild goose chases. Seek that which endures.

Quote from: Ichthyo on March 11, 2013, 12:04:19 AM

right now, any remotely "sane" USD loans are taken at Bitfinex, leaving only loans over 800% APY.

Heh. Sorry I ran out - only got so many dollars on hand to pass out to starry-eyed dreamers. Hard to get more into Bitfinex without either eating wire fees or taking the slow boat through Dwolla and Gox.

I'll see if I can get more money in before the current optimism dries up, eh?

TooCasual

member

Activity: 114

Merit: 10

You can't be Serious?!?

Well like I said on the 5th....

Quote from: TooCasual on March 06, 2013, 02:05:55 AM

She might pause. Get a bit humpy bumpy. Still up n up. Ask the day traders and bears how they've fared in the last 5 days. Guessing 50 by Monday night.

TC

zkay

full member

Activity: 126

Merit: 100

Well, I've broken down and bought 2 BTC @ 46.60. Let's see what happens!

Goodnight all.

Ichthyo

hero member

Activity: 602

Merit: 500

right now, any remotely "sane" USD loans are taken at Bitfinex, leaving only loans over 800% APY.
Traders took more than 98k USD loans to go long. Epic Grin

https://bitfinex.com/pages/stats

zkay

full member

Activity: 126

Merit: 100

So far, the stagnate votes are ahead! Price isn't doing very much at all so far, and it's 10:19pm CST.

zkay

full member

Activity: 126

Merit: 100

Decent numbers of votes so far, thanks all!

As I write this BTC is back to what I sold out at, $45.50/USD.

Where is everyone? Low traffic tonight.

ArticMine

legendary

Activity: 2282

Merit: 1050

Monero Core Team

I suspect the MTGox / Coinlab deal will be bullish for Bitcoin. If fear of the IRS leads to United States citizens and residents withdrawing thier BTC to personal wallets then this will reduce the chance of emotional panic selling by those with weak hands. On the other hand this deal will make it a lot easier for many in the United States to purchase Bitcoin by facilitating bank transfers.

rpietila

donator

Activity: 1722

Merit: 1036

Quote from: cptmooseinc on March 10, 2013, 05:32:05 PM

I think there will be a fair amount of people who don't want their funds repatriated and have closer government oversight. Plus possible tax reporting implications. For people holding large stores of bitcoin and wishing to cash out, there's no doubt they'll use cash-in-mail or cash-in-person trades to hide the gains. As for middling players (such as MtGox traders), it might be something as simple as pulling all BTC into a personal wallet and waiting to see what CoinLabs does once they takeover. Could at least stagnate the price for a short time.

Good analysis but conclusion is pure b$: if large weak hands withdraw their BTC to personal wallets, they can not sell in the exchange, and this is bullish to the price, is it not?

crazy_rabbit

legendary

Activity: 1204

Merit: 1002

RUM AND CARROTS: A PIRATE LIFE FOR ME

Quote from: cptmooseinc on March 10, 2013, 03:48:36 PM

Don't forget that CoinLabs will be taking over US Gox soon, so that may dampen the movement of BTC, and many may hold on until the last second before dumping/withdrawing. I plan on having my entire Gox liquidated before CoinLabs takes control. I'll open a new account and test it out with them before giving permission for them to access my other information in my real account.

Most people aren't that paranoid. Bitcoin started because it was the currency of the revolution. In fact it's success will come when it's the currency of the people.

And as facebook has proven- people really don't mind telling anyone everything about themselves, including the government.

cptmooseinc

sr. member

Activity: 396

Merit: 250

I think there will be a fair amount of people who don't want their funds repatriated and have closer government oversight. Plus possible tax reporting implications. For people holding large stores of bitcoin and wishing to cash out, there's no doubt they'll use cash-in-mail or cash-in-person trades to hide the gains. As for middling players (such as MtGox traders), it might be something as simple as pulling all BTC into a personal wallet and waiting to see what CoinLabs does once they takeover. Could at least stagnate the price for a short time.

zkay

full member

Activity: 126

Merit: 100

Quote from: cptmooseinc on March 10, 2013, 03:48:36 PM

Don't forget that CoinLabs will be taking over US Gox soon, so that may dampen the movement of BTC, and many may hold on until the last second before dumping/withdrawing. I plan on having my entire Gox liquidated before CoinLabs takes control. I'll open a new account and test it out with them before giving permission for them to access my other information in my real account.

What is the concern there? That it will be botched somehow and the exchange might be slow or down? Isn't that short term bearish?

lleibowitz

newbie

Activity: 37

Merit: 0

I suspect more and more people are holding their coins waiting for the price going up in the hundreds. At the same time more and more people will try to jump on board and try to get some coins. I say we'll see $75 in a couple of days.

Topic: Will the tide turn? Or are we going to $60? Tune in tonight! (Read 3671 times)