All posts made by Bitsinmyhead in Bitcointalk.org's Wall Observer thread
1.
Post 2036587 (copy this link) (by Bitsinmyhead) (scraped on 2020-04-04_Sat_10.56h):
The forex-broker plus500 has now opened for bitcoin trading. 4:1 leverage, someone is going to get very rich or poor...
Even though they also allow shorting, I think this is great for the price, as they accept credit card deposits and is a very easy way for a lot of people to get into bitcoins.
2.
Post 2036923 (copy this link) (by Bitsinmyhead) (scraped on 2020-04-04_Sat_10.56h):
The forex-broker plus500 has now opened for bitcoin trading. 4:1 leverage, someone is going to get very rich or poor...
Even though they also allow shorting, I think this is great for the price, as they accept credit card deposits and is a very easy way for a lot of people to get into bitcoins.
Its got UK offices/oversight, but from what i can make out, it doesn't allow deposit or withdrawal of BTC, just fiat.
Ye, no BTC deposit, but credit card is still a lot better than international wire. Anyways, good to finally have a site that is actually regulated by someone where you can trade.
3.
Post 2037747 (copy this link) (by Bitsinmyhead) (scraped on 2020-04-04_Sat_10.56h):
So, say 100 people each put 1000GBP in, buy bitcoins, price quadruples then they cash out, where does the GBP from? Exchanges need to be open at both ends and the exchange just takes a cut from transactions otherwise you have currency supply issues. Which could have a detrimental effect on the price, as can be seen on some of the exchanges where it is hard to get USD in.
As others have said you are betting against the site. If you buy and price doubles, you win and site loses. The site wants to have as many people shorting Bitcoins as people going long through them, that way they have minimal risk. If a lot of people buy Bitcoin and few short, the site will most likely buy coins through Mt. Gox to hedge their risk. Thats why I think it will be a good thing, because most people will probably go long.
Another positive effect should be that this exposes Bitcoin to a lot more people as plus500 already has a lot of customers trading all kind of other stuff. When they see Bitcoin is the place with most action they will hopefully look further into it.
4.
Post 2052427 (copy this link) (by Bitsinmyhead) (scraped on 2020-04-04_Sat_10.56h):
LOL trading Bitcoin on margin sure gets that blood flowing.
5.
Post 2052508 (copy this link) (by Bitsinmyhead) (scraped on 2020-04-04_Sat_10.56h):
Trading on plus500, 4:1 leverage, its a pretty big Euro Forex broker, but not open to US customers unfortunately. See my signature for details.
6.
Post 2085795 (copy this link) (by Bitsinmyhead) (scraped on 2020-04-04_Sat_10.57h):
I don't think we've ever seen quite this level of entrenchment after January. This might be the stability we've been waiting for
Yes if I wasnt't trading with 4:1 leverage through plus500, I might have fallen asleep
7.
Post 2086171 (copy this link) (by Bitsinmyhead) (scraped on 2020-04-04_Sat_10.57h):
I am doing plus500 as well.
Shorting and waiting for it to get to 95
Waiting for it to hit $115-120, before I turn around and short, but good luck
8.
Post 2090414 (copy this link) (by Bitsinmyhead) (scraped on 2020-04-04_Sat_10.57h):
Im going short here fully leveraged. This reminds me of the recent 140 high with no volume. Looking for 105ish to make me a nice 25% gain.
9.
Post 3628047 (copy this link) (by Bitsinmyhead) (scraped on 2020-04-04_Sat_11.24h):
So far things are looking good. I am however a bit worried about that next guy coming up, he looks scary.
10.
Post 3628290 (copy this link) (by Bitsinmyhead) (scraped on 2020-04-04_Sat_11.24h):
Only one witness left to be worried about at this point:
Ernie Allen, president and chief executive officer at The International Centre for Missing & Exploited Children
Think about the children...
11.
Post 3628434 (copy this link) (by Bitsinmyhead) (scraped on 2020-04-04_Sat_11.24h):
Eastern European criminals still not into Bitcoins. We have a big untapped market right there
12.
Post 3629175 (copy this link) (by Bitsinmyhead) (scraped on 2020-04-04_Sat_11.25h):
has he bought that beard on the dark web?
LOL! A+
13.
Post 3643808 (copy this link) (by Bitsinmyhead) (scraped on 2020-04-04_Sat_11.26h):
we're also discussing on
#bitcoin-hearing
might be a better format than here
sounds a bit dark webby to me.
Amazing you made the funniest post during yesterdays hearing and you just did it again. Well done sir!
14.
Post 3662561 (copy this link) (by Bitsinmyhead) (scraped on 2020-04-04_Sat_11.27h):
I just received the weekly newsletter from plus500 (see signature for more info) which states that the most traded commodity the last 3 days has been Bitcoin. (Beating out both Gold and Oil.) Screenshot of the newsletter:
http://imgur.com/UC9qTUPThink this shows just how large the Bitcoin interest is right now. At Plus500 you can make instant deposits with credit cards so there is no waiting on money to hit the exchange. This is probably a good indicator that there is a huge amount of money on the way to the real exchanges as well.
15.
Post 5175188 (copy this link) (by Bitsinmyhead) (scraped on 2020-04-04_Sat_12.10h):
If anyone still have fiat stuck on Gox, please PM me and I will get it out for you at 100%. I can only do this for fiat.
16.
Post 5178779 (copy this link) (by Bitsinmyhead) (scraped on 2020-04-04_Sat_12.11h):
If anyone still have fiat stuck in Gox or waiting for a wire from them, please PM me and I will help you get it out.
17.
Post 5267025 (copy this link) (by Bitsinmyhead) (scraped on 2020-04-04_Sat_12.14h):
I am looking to get about 10k in fiat into Gox, so if you have fiat stuck on Gox and want to get it out instantly PM me to discuss a deal. Pending withdrawals can be canceled without delay so if you have a pending withdrawal you might be interested as well.
Can do less than 10k as well.
18.
Post 18134545 (copy this link) (by Bitsinmyhead) (scraped on 2020-04-04_Sat_15.05h):
Price will hardly move beyond +/-5% change in either direction after announcement. Market will forget it in just 2 days whatever this decision is and will focus again on blah-blah like blocksize and hard forks.
You are way off in your last few comments and if you are interested in making a bet I will give you 2:1 odds on the market not moving 10% up/down after the first 24 hours. Will also make a bet with you on it going below $1000 if not approved. If you really believe what you are writing just PM me and we can set something up.
19.
Post 18135016 (copy this link) (by Bitsinmyhead) (scraped on 2020-04-04_Sat_15.05h):
Who are you? How will you guarantee your bet?
Why should I go through the hassle of escrowing a bet with a stranger if there is already a market and I can bet whatever I can on that market?
I am sure we can find someone to escrow our bet. I will pay all escrow fees and I am sure I can offer you enough action to make it worth your time
You should take the bet because you seem very sure about what you are saying and I am offering 2:1 so even if you are only 50% sure you would be printing money by taking the bet.
I do not think there is a market available where you can bet directly on the volatility after the ETF decision, but if there is, please inform me where I can find it.
20.
Post 18135245 (copy this link) (by Bitsinmyhead) (scraped on 2020-04-04_Sat_15.05h):
You can do it on every exchange. You simply place stop loss sell order at -5% and take profit at -10%. For upward movement you place stop loss buy order at +5% and take profit at +10% calculated on current price. Hope that solves your problem?
Thanks, but I simply fear the slippage will kill this kind of trade for me. It will be huge IMO, but if you don't expect a 5% move I guess you don't expect much slippage either so that is fair.
Anyways, I put my money where my mouth is and the bet is open for anyone who wants it, so I guess I am now at least entitled to come back to gloat (or apologize to you) when we see the results. Good luck!
21.
Post 45986014 (copy this link) (by Bitsinmyhead) (scraped on 2020-04-04_Sat_16.07h):
Address: nám. Republiky 660/6, 110 00 Staré Město, Czechia