log☇︎
938200+ entries in 0.694s
gribble: BTCUSD ticker | Best bid: 87.00000, Best ask: 87.16999, Bid-ask spread: 0.16999, Last trade: 87.00000, 24 hour volume: 76848.95819924, 24 hour low: 75.20000, 24 hour high: 87.70000, 24 hour vwap: 80.37796
jurov: cuz i'm registered entrepreneur (even VAT registered). so they have a right to look into my accts anytime
jurov: 1. these gypsies look like indians 2. they speak like indians 3. wtf are they then?
Diablo-D3: unless they're some of those really dark indians
Diablo-D3: dude, if they're _chocolate_ I call them african
jurov: Diablo-D3: how do you call these chocolate people then? roma?
Diablo-D3: another person who thinks gypsy is a race and not a mythological creature
jurov: and in recent decades they breed much faster than "whites"... so slovakia will prolly become a gypsy country soon
Namworld: hmm... slight wall building up at 86 USD per BTC... price approaching all time high again
jurov: i don't need move thousands of btcs like these poor silkroaders
jurov: for converting few hundred euros to live off every while it has ample liquidity
jurov: and report the earnigns to be taxed
jurov: my business is legit, i don't have a problem providing id to bitcoin-central and cashing out at price consistently few euros above market
jurov: tiberiusiv i don't know why you care so much to SR
Namworld: (Assuming they don't trust SR itself)
jurov: once they want to convert thousands of btcs it's exactly the same issue
Namworld: If they want to avoid linking a bank account...
Namworld: on that one, I'd be with tiberius... cashing out must be harder for dealers. Cash can come in fast. Cashing out without going through an exchange can be hard.
bgupta: err.. there are like 20 fourms
jurov: ofc. if they used fiat, they'd have the saem problem to aluder it
Namworld: We don't have link off the top of our head for everything, silly you. There's hundreds of BTC businesses.
jurov: tiberiusiv you're not the only one who can say just google it, ya know
bgupta: what they do with the btc, I can only imagine.. ;)
bgupta: I know people are looking to get btc without dealing with the exchanges..
bgupta: of you are talking darknet.. I think a good side business would be a paper currency moneychanger.
jurov: tiberiusiv maybe. but swiss chocolate for btcs DOES sell quite well and that matters.
Namworld: You can sell services of all sorts... does the work too
bgupta: earn them?
jurov: bgupta, if you want moar btc,don't exchange. earn them
Namworld: I've pulled out great profit trading instead however
Namworld: Every time I put a few BTC on satoshidice, it's been a lost. Just for fun.
saulimus: I'm afraid to buy as well
Namworld: I'm worried about people putting their life savings/maxing credit into Bitcoins at current prices... right after such a steep rise.
bgupta: I don't have a lot of btc, so my trades can easily be absorbed by the market.
Namworld: SatoshiDice is a sure way to lose
Namworld: Although only a few thousands, nothing I wouldn't have been able to repaid.
Namworld: I actually took a credit to buy BTC at 5 USD/BTC
bgupta: my goal is to get more btc than I had before.
bgupta: hey, I can't claim to know what btc is gonna do… I have a very small position that I plan to keep in the btc economy..
Bowjob: nah, giving them attention is enough for tiber
Namworld: I thought feeding a troll was getting angry/pissed, since it gives a troll's statisfaction?
jurov: lol tibby completely misunderstood me
Bowjob: i think tiber is just a troll
Namworld: (catching up on the log)
jurov: i know what happens on coinbr and that they *do* use mpex
jurov: yes, there are whales. but would they use mpex for hedging or sdice for fun? never! (at least according to our tibby)
bgupta: they wouldn't have had to sell off much to act as market makers..
bgupta: I suspected that as the price went up they would slowly move some of their holdings into fiat, to be able to buy on any major pullbacks.. (That's what I would do if I was a creator of this currency.)
bgupta: so I had a theory back in the day.. that there are a large amount of coins held by a handful of folks who are acting as guardians of the btc economy…
error4733: they are speculator in BTC land, at some point they will cash out ! no dout
bgupta: I understand that problem.
bgupta: tiberiusiv: depending on who they are, would determine whether that is a good thing or a bad thing.
bgupta: but also 95% of the community aren't rushing for the exits.. the things that really shook the price back in the day where theives stealing wallets and dumping them for fiat.
bgupta: it's for the large $$$ transactions that kill you.
bgupta: if you are patient.. you should be able to move in and out, without such a spread no?
bgupta: well that's only an issue due to spreads, right?
bgupta: got it.. need to think if options could have any impact on that… what about futures contracts? DO we have those?
bgupta: I assumed that by now shorting would have become a regular part of the economy..
bgupta: really, I thought mpex allowed that for some reason?
Bowjob: bgupta thats not how it works
gribble: BTCUSD ticker | Best bid: 85.96112, Best ask: 86.00000, Bid-ask spread: 0.03888, Last trade: 86.00000, 24 hour volume: 76550.92089328, 24 hour low: 75.20000, 24 hour high: 87.70000, 24 hour vwap: 80.04172
bgupta: I'm thinking this run of publicity has a bit more legs in it.. however.. not a bad strategy… I sold most ages ago… but kept a few just in case of events like this happening. (fiat woes) It's the same reason I have some gold coins in my safety deposit box.
Chaang-Noi: tiberslav tiverslav you made me laugh outlouad so hard everyone is looking at me like im nuts now
Bowjob: you will thank me later
Bowjob: get in now, it hurts but you must accept the fact
Bowjob: look dude you are trading pennies for dollars
Chaang-Noi: tiberslav no one in their right mind would think you had more than 2 btc
Bowjob: you can get run over by a bus too tomorrow
Bowjob: ever the pessimist
bgupta: ?? I can't find many merchants that take litecoin?
bgupta: well.. in traditional markets selling short is selling.. and can stompt out any rallies, if a large enough position is taken.
bgupta: The one question I have is if some large entity, gov't or financial, decided to bet against bitcoin, how effective could they be? I mean are there enough available for loan to really do a big short?
Chaang-Noi: only 21 million evar and everyone wants them all
Chaang-Noi: yeah and that is why i love btc
bgupta: It's a combination of things creating a feedback loop…
Chaang-Noi: but who cares, people going to just expect btc to go way up everytime a bank fail so that if okay with me
Chaang-Noi: bgupta w3ashington post did a good one too
Chaang-Noi: bids and asks are thin
error4733: FINCEN effect, more than Cyprus imo
saulimus: bgupta, I'm saying it's more probable that the price of bitcoin would've risen the same way had the cyprus situation not happened. articles like that make it seem like it's the only reason... because it's the writer's job to find interesting connections.
error4733: +10$ the last 24h
Bowjob: "The main concern I have with Bitcoins is it's potential ability to be hacked (and then counterfeited). If this did occur, then the value of Bitcoins would ultimately become zero, Read more: http://www.businessspectator.com.au/article/2013/3/27/technology/bitcoin-gains-cyprus-pain#ixzz2OjVtRtDJ"
bgupta: I will say that there is a storm of press coming on btc.. http://www.fool.com/investing/general/2013/03/26/a-short-guide-to-understanding-bitcoins.aspx
bgupta: saulimus: Are you saying that eurowoes have no impact on btc/fiat ratios? (Or where you talkign to someone else?)
jurov: Namworld so BitVPS "tried but not allowed" to list on mpex, orly ????
Bowjob: silver gets a smack in the face
Bowjob: yes.. yes of course. even if bfl ships, the backlog is insane
Bowjob: I just told him cancel his BFL orders, they seem scammy as fuck
Namworld: others tried but were not allowed...
Bugpowder: you underestimate the tenacity of mp
Bugpowder: unless this makes future bondholders skittish
Bugpowder: mpoe bondholders are going to get slaughtered
Bowjob: i wonder whats thew price in a week
Namworld: it's moving back up tho
Bugpowder: in the middle of the night
Bugpowder: glad I got up to check my shit
Bugpowder: maybe they are clearing the pipe for everyone
Bugpowder: but there was a BTC funding lag of 8 hours for me
Namworld: oh lol, that was you
Bowjob: someone dumped to 84.50