log☇︎
932500+ entries in 0.687s
ThickAsThieves: it doesnt have to make sense for it to be true
kakobrekla: 21:20.03 ( ThickAsThieves ) gives GPU miners a way to make $ < - that is just bullshit
jcpham: but money should flow to litecoin as btc rises
ThickAsThieves: gives GPU miners a way to make $
jcpham: i read an article where someone proposed that litecoin was the only bitcoin hedge avaialble
gribble: BTCUSD ticker | Best bid: 110.98903, Best ask: 111.46900, Bid-ask spread: 0.47997, Last trade: 110.00000, 24 hour volume: 79381.21726820, 24 hour low: 99.00000, 24 hour high: 111.50000, 24 hour vwap: 105.18525
ThickAsThieves: call options are already 10% more expensive than yesterday
gribble: There are currently 30931488 bitcoins demanded at or over 0.0 USD, worth 10330339.7285 USD in total. | Data vintage: 0.0107 seconds
Bugpowder_: coinlab is too smoothed out
Bugpowder_: but not enough for this purpose
taub: i was surprised to see that the thinner depth would eat up the heavy walls
taub: whats that site where you can do depth playback again?
Bugpowder_: may not happen though
Bugpowder_: makes me nervous that guy with the wall at 112 is gonna do a market sell of a few thousands coins though..
gribble: BTCUSD ticker | Best bid: 109.80110, Best ask: 110.00000, Bid-ask spread: 0.19890, Last trade: 110.00000, 24 hour volume: 79316.48734208, 24 hour low: 99.00000, 24 hour high: 110.00000, 24 hour vwap: 105.05549
Bugpowder_: the asks are SO THIN right now
Bugpowder_: but the sudden drop in total bid $ coupled with the big market buy strongly suggests it was a single buyer.
ThickAsThieves: rally time
Bugpowder_: hey where did the wall at 112 go?
taub: is there?
Bugpowder_: as soon as we hit the 108.98 wall, he dropped his bid and ate the wall.
Bugpowder_: because then you don't push the price higher until the wall falls
Bugpowder_: tends to happen at the walls
Bugpowder_: pulled his bid and bought to market
gribble: There are currently 30931480 bitcoins demanded at or over 0.0 USD, worth 10260638.5802 USD in total. | Data vintage: 20.2586 seconds
Bugpowder_: Now see this.
ThickAsThieves: we already hate you for taking all our bond money remember ;)
Bugpowder_: btw - nobody hate me when this shit finally reverses and everyone has calls.
taub: so i can test stuff n the bs model
taub: someonek nows what he uses at the risk free rate of return?
thestringpuller: best time to buy is end month
thestringpuller: option prices will decay over time
Bugpowder_: hard when the option price is so freaking high
taub: hits option book was like if you buy both directions you can make profit no matter what direction the price goes
Bugpowder_: there are definitely whales with 10x my bankroll doing options trades
thestringpuller: he is like the biggest btc investor ive seen
taub: but they cancel out :(
Bugpowder_: I should have bought LTC though
thestringpuller: Bugpowder_: is a guru listen to him
taub: positioning myself on the edges
thestringpuller: Bugpowder_: what's the move? still calls?
taub: yea, so far made a couple of good trades
Bugpowder_: people are going to get pounded on that .
gribble: A market order to sell 1000 bitcoins right now would net 108125.4045 USD and would take the last price down to 107.6869 USD, resulting in an average price of 108.1254 USD/BTC. | Data vintage: 10.6214 seconds
gribble: A market order to buy 1000 bitcoins right now would take 108976.2633 USD and would take the last price up to 108.9800 USD, resulting in an average price of 108.9763 USD/BTC. | Data vintage: 0.0001 seconds
taub: might as well go where the levereage is
taub: i jumped on the litecoin train
gribble: There are currently 41869.349 bitcoins offered at or under 10000.0 USD, worth 14600578.5014 USD in total. | Data vintage: 77.8940 seconds
mjr_: oh nvm i thought that was asks
gribble: There are currently 30933900 bitcoins demanded at or over 0.0 USD, worth 10496396.4646 USD in total. | Data vintage: 40.7205 seconds
gribble: There are currently 4766.1097 bitcoins offered at or under 109.99 USD, worth 520053.88321 USD in total. | Data vintage: 30.1631 seconds
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mjr_: Bugpowder_: yeah thats what i was thinking
Bugpowder_: I suspect it is still to short the most expensive ones.
Bugpowder_: mjr_: but deposit requirements increase for puts that are deeper in the money. I haven't yet figured out the optimal play there.
Bugpowder_: you can plug the equations into matlab or google docs to figure out your crossover point. Namworld should probably do this, it would make his calculator more useful
Bugpowder_: impossible with the 150s
Bugpowder_: If deposit requirements were equal, than you want to short the most expensive puts for max possible gain
Bugpowder_: mjr_: because the deposit capital requirements for puts are not precisely reported
jurov: anyone cares to explain mepx to him? http://qz.com/69630/how-to-short-bitcoins-if-you-really-must/
gribble: BTCUSD ticker | Best bid: 108.76000, Best ask: 108.83000, Bid-ask spread: 0.07000, Last trade: 108.83000, 24 hour volume: 73582.22634863, 24 hour low: 99.00000, 24 hour high: 108.85699, 24 hour vwap: 104.61796
smickles: too many people keep trying to use it
smickles: gwa, i'm going to have to make an $oix command now
Bugpowder_: but its the only way to get a 15x on your bet
Bugpowder_: max leverage is max risk of total loss of course
ThickAsThieves: but 188 still needs like 198 price to cover
bitesssak: i think i got it
bitesssak: can you say differently : 1 strike inside the 'lower limit' price
Bugpowder_: the bot has a built in lower limit for what it will sell for, to guard against extreme long tail moves.
Bugpowder_: ie the C188Ts
mjr_: what is the 'lower limit' price?
Bugpowder_: If you want max leverage, go for the strike that is 1 strike inside the 'lower limit' price.
bitesssak: an hour ago, even those at 182 were the same as 200
mjr_: i think the bot may be a bit more careful this month, the spread seems wider
bitesssak: I saw that options of 191 are the same price as 200
Bugpowder_: The calls are probably all underpriced, given the trend
mjr_: but i was hoping that if you get the highest strike it would not be so much, but still like a $20 option
mjr_: the time decay is huge
Bugpowder_: less time premium
bitesssak: do you mix the 2 Bugpowder T & N?
ThickAsThieves: how does that work
ThickAsThieves: i think
unbalanced: I don't think steady will happen this month.
Bugpowder_: although usually that is back end loaded (faster decay near the end of the period).
Bugpowder_: If everything stays steady... Calls at the current strike price will lose about 5% of value per day
ThickAsThieves: ive only seen them go up so far this month
Bugpowder_: depends on the rate of the rise
smickles: well, calls rise with the price too
smickles: they come down over time
jurov: and got them upgraded
unbalanced: BitHub: I think it will apply - things will get insane before they settle down.
ThickAsThieves: buy your calls now boys :) MP's got this round! :)
gribble: There are currently 31144690 bitcoins demanded at or over 0.0 USD, worth 10545333.4115 USD in total. | Data vintage: 27.5381 seconds
BitHub: i dont think the world bubble applies to bitcoin tho
unbalanced: Right. This is still early days.
unbalanced: I just mean we're not in the actual bubble yet.
ThickAsThieves: if people keep buying in, the foundation keeps rising
ThickAsThieves: i think BTC just cant be enslaved to normal rules
BitHub: what does that mean?
Bugpowder_: 110 is not going to last more than a few hours now