1032300+ entries in 0.776s
mircea_popescu: people don't leave much money
to play with cause of perceived risk
rg: you're still limited
to 3 days
rg: if you dont leave money
to play around with
mircea_popescu: yeah
the
timing of it got many people into knots im sure.
rg: that's hwy
the market is slow now, people wanna see where
the bottom is
rg: im
thinking
the floor is $5
gabbynot: question is….what's
the floor?
rg: we have
to wait for it
to hit
the floor
mircea_popescu: expect a lot of scam assets
to be propped up with a deluge of easy money.
rdponticelli: rg: because a lot of
them was just speculators brought in by
the high interest rate
rg: like
they were with priate
rg: they will look for other ways
to make money with
thier btc
rg: why would
thye all of a sudden sell
rg: those poeple have left
thousands of dollars with pirate
gabbynot: second bubble
taking us
to $2 would do serious damage
to BTC's image
rdponticelli: Well, now
the btc will be free
to be used for people really caring
rdponticelli: Yes, most speculators who just entered because
the high interest rates
mircea_popescu: somebody was saying earlier, it's not pirate selling, its
the people he repaid.
gabbynot: a flood of BTC will hit
the markets
this week assuming pirate pays everyone. We'll see $5 soon
mircea_popescu: if it stayed at 15 now, in
two weeks you'd ehar how unfair it is
they can't put money in
mircea_popescu: was
the same exact
thing back whern it was 2. when i joined and btc was 15 people were whinign
that
they don't want
to pay money so
the early adopters benefit.
rg: everyone was bitching
that
the price was so high
mircea_popescu: otherwise
this will be known as
the flash crash of august.
mircea_popescu: good
that we're young enough
to still set records hehe
mircea_popescu: not even during
the great $30 crash did it go
this fast.
mircea_popescu: i'd say
this is catastrophic drops never before seen in btc
gribble: Best bid: 7.99999, Best ask: 8, Bid-ask spread: 0.00001, Last
trade: 8, 24 hour volume: 221854, 24 hour low: 7.58, 24 hour high: 11.91
mircea_popescu: o, yeah. i
think right after my initial offerings sold somebody put one up at like, crazy price,
trying
to get people confused as
to value.
kakobrekla: also dividend payout are still not
twittin
kakobrekla: nefario, switch from
time
to microtime for nwo
Anduck: nefario should make IPO on GLBSE itself, for example
to gather money
to improve it
kakobrekla: shouldnt do anything with
the gaging out
EskimoBob: "DiabloD3 | what do I do with
the other several dozen racks other
than rent
them out for $20k/mo" and what was
the price I quoted for you DiabloD3 ?
kakobrekla: but i dont
think
that was
the issue here
nefario: they're getting very stingy with
their platform
kakobrekla: well
timestamp in
the
tweet should help
that
mircea_popescu: if you have
two orders of 5 at 5, it only puts in
the first.
mircea_popescu: kakobrekla i had
the same problem.
thing is
twitter won't repeat messages
nefario: I've no idea why
that was
the case
nefario: tomorrow
there will be an update
to charts
dub: nefario: are you doing anythign
to fix performance?
nefario: options will be on all GLBSE assets by
the end of next week
gabbynot: never
traded
there, just glbse…thanks for
the info,
tho
mircea_popescu: gabbynot options work exactly
to hedge, not
to sell your underlying.
gabbynot: don't want
to sell my BTC, just want
to hedge
gabbynot: i'm
thinking we're hitting
the 5's soon…maybe later
tonight….so much panic right now
gabbynot: not a
ton of volume
there,
tho
Doffx: We missed
that chance, shorting any mining stock except Cognatus would have been huge profit!
nefario: but we're going
to be adding curreny and margin
gabbynot: nefario: any assets on glbse
that
take advantage of shorting BTC?
nefario: he's finally figured out where
the sell button is
Doffx: I
think he paid investors and
they are cashing out
Doffx: I dont
think pirate is cashing out anything
mircea_popescu: which really,
they prolly should do in
that circumstance.
mircea_popescu: the logical explanation here is : pirate is cashing out, by monday his wires have gone
through
mircea_popescu: pirate investoers by
that very definition have no btc
to sell.
dub: or
the market is just correcting
the price
to last months value
mircea_popescu: im pretty sure if you have 200k and want 300k, if you firesale your 200k
the 300k will cost more
than what 100k would have cost.
nefario: isn't
that very much 1 step back 1&1/2 forward?
nefario: crashing
the price
to be able
to buy
them back cheaper
kakobrekla: the
trick is he must only
trigger
the downfall
mircea_popescu: sooo... pirate has officially run out of bitcoins,
that right ?
gribble: Best bid: 8.02341, Best ask: 8.09, Bid-ask spread: 0.06659, Last
trade: 8.09998, 24 hour volume: 217452, 24 hour low: 7.58, 24 hour high: 11.95
Obsi: DiabloD3: 7.759 counting
the 1MHS bonds
Obsi: hmm...
that's not counting
the 1MHS shares
DiabloD3: Obsi: ahh, so Ill just go edit
this
Doffx: Dont
think anyone actually knows
the
true reason for
the selloff
Doffx: Now
the speculation is hes paid some investors and
they are selling.
DiabloD3: Obsi: whats
that per share now?