All posts made by siggy in Bitcointalk.org's Wall Observer thread
1.
Post 1930801 (copy this link) (by siggy) (scraped on 2020-04-04_Sat_10.54h):
OK.. so how would this work regarding taxes... I deposit BTC to my paypal account, and then turn around and buy something on the web denominated in $$ and pay with paypal... did I just "sell" my BTC for $$ and incure a capital gains tax liability? Or did I just buy something with BTC?
Does this turn paypal into the ultimate exchange?
Sigg
2.
Post 3742429 (copy this link) (by siggy) (scraped on 2020-04-04_Sat_11.30h):
Why not just mill or mills? Context would make it obvious that we mean mBTC.
I'll second the mils ... this also sets the precedent for when we need to switch to mics.
3.
Post 3799576 (copy this link) (by siggy) (scraped on 2020-04-04_Sat_11.31h):
you want some lol check out ppcoin.
i had 320,000 that i sold recently. wtf are people thinking? i made like $2,000,000 more or less on accident. this sort of thing makes me worried. no fucking way that should happen. that alt is not worth much at all, its why i got so much of it in the first palce.
Never before have I ever seen anyone say that..... 2MM on accident.... the mind boggles....
Sigg
4.
Post 5066346 (copy this link) (by siggy) (scraped on 2020-04-04_Sat_12.06h):
Not really, you have $100, they give you $200 more, so you play with 300$, when you open/close position they charge you 5% on 300$. To lose all your money you need bitcoin to go down by 33%...
I am talking about leveraged longs. BTC-E is a leverage trading platform via Meta Trader. Pretty sure this was a string of forced liquidations.
They should not allow monstrous leveraged positions to be build up that are larger than their own thin order book, this is just insane.
Right, Btc-e is taking Huge risk , they are GAMBLING with Customers USD deposits by allowing 1:3 leverage. If those are indeed forced liquidations, btc-e suffered millions in loss.
So question... being the exchange, knowing their order book, and controlling the trades: Wouldn't they front run all other market orders to get their force-liquidation trades in as close as possible to the 33%? Even if bitcoin crashes 80% it isn't a binary "was here, now there" process.. there were many standing orders in between that would have gotten processed... Seems to me it would be very easy for them to limit/mitigate their risk.
Heck, knowing their market orders, they could even front run and force liquidate before the 33% and actually come out ahead.
5.
Post 7605893 (copy this link) (by siggy) (scraped on 2020-04-04_Sat_12.56h):
soo.. did someone just get an email letting them know that they did NOT win in the USMS auction?
6.
Post 7605908 (copy this link) (by siggy) (scraped on 2020-04-04_Sat_12.56h):
Twitter blocked at work... can someone please re-post?
7.
Post 7606234 (copy this link) (by siggy) (scraped on 2020-04-04_Sat_12.56h):
OK.. so some very ugly guestimation calculations...
the USMS says they got 60+ bids ... at 3,000 BTC per block that is a demand for 60* 3k = 180,000 coins....
Lets assume that 75% of those bids were bottom feeders, only interested in turning a quick buck by flipping the coins if they were to go below market... 180k/4 = 45,000 coins with *real* demand behind them....
as there were only 30k coins in the auction, 45k - 30k = 15k deficit.
So, after the auction, we have a pent up demand for approximately 15,000 coins by people we know have the money already allocated for BTC purchases
Could be a very good next couple of days....
Sigg
8.
Post 8009372 (copy this link) (by siggy) (scraped on 2020-04-04_Sat_13.00h):
"Night gathers, and now my watch begins. It shall not end until my death. I shall take no wife, hold no lands, father no children. I shall wear no crowns and win no glory. I shall live and die as I post. I am the sword in the darkness. I am the watcher of the walls. I am the shield that guards the realms of men. I pledge my life and honor to the Night's Watch, for this night and all the nights to come."
Notably absent in the above: "I shall visit no brothel" .. or any variation thereof.
9.
Post 8035397 (copy this link) (by siggy) (scraped on 2020-04-04_Sat_13.00h):
few k more dumps we will hit $550
heh I myself (as a bachelor) think it is due to 'Wife agro" ..you really think that she does not keep track of
trends and price on your 'hobby'? It is 'fake' disinterest....so when push comes to shove..you guessed it
......dump some coin for some piece of mind.......has to be that what fool would dump coin below 1K?
heh (ducks don't throw stuff at me in bitcoin talk ....!!!!)
heh I myself (as a recently divorced bachelor) can confirm the above... had I gotten divorced a year earlier I'd have 5x as many BTC as I do now
"Wife agro" is a very real and painful condition folks...
10.
Post 8137787 (copy this link) (by siggy) (scraped on 2020-04-04_Sat_13.02h):
GABI buying.. nothing special i think, short term pump
OK.. so on the front of pure unsubstantiated speculation....
1) buy OTC, sell on market to drive price down, setting artificially low "opening price"
2) "open fund"
3) buy on market for 30 days driving the price up
4) produce slick marketing campaign: " GABI UP 50% IN FIRST MONTH !!!! "
5) open fund for trading
6) profit.
11.
Post 8138029 (copy this link) (by siggy) (scraped on 2020-04-04_Sat_13.02h):
GABI buying.. nothing special i think, short term pump
OK.. so on the front of pure unsubstantiated speculation....
1) buy OTC, sell on market to drive price down, setting artificially low "opening price"
2) "open fund"
3) buy on market for 30 days driving the price up
4) produce slick marketing campaign: " GABI UP 50% IN FIRST MONTH !!!! "
5) open fund for trading
6) profit.
So be it.
approximately $2MM bought in the last hour.. that's just 1% of GABI's expected (estimated) $200MM initial interest in the fund.
Sigg
12.
Post 8138412 (copy this link) (by siggy) (scraped on 2020-04-04_Sat_13.02h):
GABI buying.. nothing special i think, short term pump
OK.. so on the front of pure unsubstantiated speculation....
1) buy OTC, sell on market to drive price down, setting artificially low "opening price"
2) "open fund"
3) buy on market for 30 days driving the price up
4) produce slick marketing campaign: " GABI UP 50% IN FIRST MONTH !!!! "
5) open fund for trading
6) profit.
So be it.
approximately $2MM bought in the last hour.. that's just 1% of GABI's expected (estimated) $200MM initial interest in the fund.
Sigg
So what will happen when GABI must buy the other initial BTC ? tomorrow they start trading
I read the fund actually opens for trading on 9/1 .. so not tomorrow, but next month....
Also, the $200MM figure is what the GABI administrators "estimate" as the initial interest.. so this isn't set in stone, and they are probably exagerating some.. but assuming they are close, that means they will be buying $200MM in the next 30 days...
doesn't take a math wiz to figure out what that will do to the price...
Sigg
13.
Post 8138527 (copy this link) (by siggy) (scraped on 2020-04-04_Sat_13.02h):
I read the fund actually opens for trading on 9/1 .. so not tomorrow, but next month....
Also, the $200MM figure is what the GABI administrators "estimate" as the initial interest.. so this isn't set in stone, and they are probably exagerating some.. but assuming they are close, that means they will be buying $200MM in the next 30 days...
doesn't take a math wiz to figure out what that will do to the price...
Sigg
I am pretty sure they said that they expected the $200MM to be invested during the first 6 months, not 30 days, but we will see how it goes.
Well thats it... I'm just gonna sell it all.. not worth waiting around for a whole 6 months !!!!
seriously.. For anyone following this conversation.. go with BitChick's 6 month figure..
same principles apply, just may take a bit longer
Sigg
14.
Post 17276568 (copy this link) (by siggy) (scraped on 2020-04-04_Sat_15.00h):
pre-2012 reunion here? I'll bite.
now you're making me feel bad.
i lurked from late 2012, didn't make an account until 2013.
but i'm still OLD SCHOOL GOD DAMMIT
Lurking and HODLing since 2012 as well....
15.
Post 17929626 (copy this link) (by siggy) (scraped on 2020-04-04_Sat_15.04h):
Is there any reason at all for SEC to wait before they reject the ETF though? Even on 10th of march, it should be obvious that it's getting approved no?
Is there any reason for the SEC to come out with a decision before they have to? Its quite obv imo that they take as much time as they can to come to a conclusion.
They've had 3 years, not sure why they would need an additional 10 days or whatever lol
probably cuz they only started to seriously look at it 5 days ago.... why make a decision today/this month/this year, when you can just do an extension and make it someone else's problem later?
16.
Post 20267459 (copy this link) (by siggy) (scraped on 2020-04-04_Sat_15.14h):
Sooo... Umm.. is today taken yet ??
If not, that's my prediction...
Sigg