log☇︎
1032900+ entries in 0.763s
BTC-Mining: That should have made the market unenthusiastic about buying
EskimoBob: EmanuelDeOrtego: so you are pulling those facts out of your ass?
BTC-Mining: The way to have done it would have been to put a humongous ask wall of 400k BTC at 10$
Anduck: do u think pirate will pay?
EmanuelDeOrtego: He needs a week or so to collect
EmanuelDeOrtego: You have to get started some time
EskimoBob: EmanuelDeOrtego: why do you think Pirate is dumping BTC? He needs a assload of it next week
EmanuelDeOrtego: else Pirate refuses to go into the red
BTC-Mining: dust-otc, seeing how it ended, I would think the same thing
dust-otc: either way, he might not be able to pay back
EmanuelDeOrtego: It will stabilize to $10 on Monday
BTC-Mining: But I'm not betting as to when they go back up
dust-otc: I think either pirate is in a very tough spot, or was straight running a ponzi
BTC-Mining: certainly related to pirate closing
BTC-Mining: The drop is due to large sales...
BTC-Mining: This is exactly why I don't sell my bitcoins... I see too much bids and low asks
DiabloD3: doublely so when they panic
DiabloD3: dust-otc: thats you, and thats also me
dust-otc: DiabloD3: that is an incorrect assumption
DiabloD3: so if it flash crashes the whole way from $15 to $5, people are going to sell THEN google for "bitcoin illegal fbi"
dust-otc: but if the price crashes to $5, I will check the news before I panic to $1
DiabloD3: you will see the effect of the news before you see the news
DiabloD3: dust-otc: thats the thing
EmanuelDeOrtego: Else the market will write him off
EmanuelDeOrtego: Hence why we are headed back to $10
dust-otc: who is selling then?
dust-otc: if the price crashes to $5 and it isn't due to some sort of illegality
EmanuelDeOrtego: It takes nothing to make that happen from the view of a retired man with decent savings
dust-otc: when someone sells down to $5
dust-otc: how does price go from $5 to $1
DiabloD3: then you buy from $1 up to $5
DiabloD3: you sell from $15 the whole way down to $5
EmanuelDeOrtego: nor a typical market
EmanuelDeOrtego: Not if you project it on the volumes correctly
dust-otc: if you sell to crash, you are selling some of your coins low
EmanuelDeOrtego: dust-otc: The market is so puny
EmanuelDeOrtego: The guy is a retired 40 year old and this is his side project
dust-otc: i think you guys are overestimating the profitability of this kind of manipulation
DiabloD3: and then buys them back at a much cheaper price
DiabloD3: if he crashes the market with them
Anduck: where did u get that 400k?
Anduck: imo he doesnt have that much
Anduck: is there a thread about this stuff
EmanuelDeOrtego: and he plays with them
EmanuelDeOrtego: Yes, that may be the case.
EmanuelDeOrtego: That can take the market to $1
EmanuelDeOrtego: Again, take what you wish from me but I've seen him play the market before.
BTC-Mining: There's a much stronger demand then asks
dub: what the fuck
BTC-Mining: Makes no sense, his bids would force the price up right back
dub: bash: telnet: command not found
EmanuelDeOrtego: He dumps his Bitcoins gradually with hopes of buying those back plus his investors cost.
dub: fuck my internet tonight
EmanuelDeOrtego: He needs his USD in Bitcoins to pay off his investors
EmanuelDeOrtego: Over hundreds of thousands of Bitcoins
EmanuelDeOrtego: BTC-Mining: The man has a mixed holding of USD and Bitcoin
usagi: He burned through all that, really?
usagi: There was at one point over half a million dollars from 10 to 14
BTC-Mining: All matches up? Tell me, how could he lower the price so much?
gribble: Best bid: 9.64999, Best ask: 9.65, Bid-ask spread: 0.00001, Last trade: 9.65, 24 hour volume: 121860, 24 hour low: 9.51, 24 hour high: 12.192
EmanuelDeOrtego: Why did he close down at the $15 mark?
EmanuelDeOrtego: It all matches up though. I mean, why hasn't he paid off his investors yet?
BTC-Mining: Ah, he made a claim about that?
EmanuelDeOrtego: He would of paid them all off otherwise
BTC-Mining: Oh damn, the price dropped again!
EmanuelDeOrtego: He has 20,000 Bitcoins to go through before he can buy in at his preferred $8 price
EmanuelDeOrtego: Pirate is having a hard time with the market.
EmanuelDeOrtego: Because some shithead is going to go BITCOIN.ORG IS THE BESTEST FUCK CAPITALIST PIGS IMPROVING BITCOIN
Diablo-D3: I once used a throwaway account over tor to edit GWB's article to say hes actually a reptile in human guise
EmanuelDeOrtego: Anduck, I'll have to do that during an edit war
Diablo-D3: YES THEY ARE.
Anduck: well, then 95% of internet people are fucktards
Diablo-D3: since they cant use other wikipedia pages to claim something is notable, all of wikipedia will have to be deleted as per policy
Anduck: just try to stop him from editing it shitway
Diablo-D3: the only way to stop wikipedia is to claim wikipedia is non-notable
EmanuelDeOrtego: If we had to rely totally on the Bitcoin.org development team, we would be so fucked.
Diablo-D3: Anduck: that doesnt work
Diablo-D3: even the qt shit was done with qt's tools and copy's satoshis original shit
Anduck: put a notice in the article that specifies it is not the same as bitcoin-qt
Diablo-D3: most of the code still is satoshis, everyone else just refined it
Diablo-D3: you missed the point
EmanuelDeOrtego: I bet its some Bitcoin-Qt developer who wants take all the credit for Bitcoin's current success.
Diablo-D3: the trash of the internet
Diablo-D3: Im going to campaign for the web browser page to be turned into the firefox page
Diablo-D3: not that shit again
EmanuelDeOrtego: I'll die before that happens.
EmanuelDeOrtego: Some fag wants to turn the Bitcoin article on Wikipedia to the Bitcoin-Qt article again.
EmanuelDeOrtego: Diablo-D3: I'll buy your site if that's true
EmanuelDeOrtego: Because I see them brew the espresso
Diablo-D3: tl;dr: predictinator controls the market
EmanuelDeOrtego: Don't tell me my Americano is not coffee
Diablo-D3: everyone wakes up the next morning
dub: where you been atlas, we thought you'd e-suicided again
EmanuelDeOrtego: why did he join in the first place?
EmanuelDeOrtego: I guess he isn't obligated to
EmanuelDeOrtego: He just dumps on the market without a hint of remorse
EskimoBob: there will be divs when everything gets set up. IPO proceeds are used to buy some equipment. Equipment actually produces revenue because people buy time to use it
EskimoBob: what do you guys this is it possible to finance a art studio with GLBSE stock offer?
Diablo-D3: Obsi: pay the dividends already
Ignatius-otc: oh nice. I have never left the continental USA. I would like to some day.