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bitcoins

afm199 said:
Hell no. It's manipulated, but it's manipulated at the market maker level in small ways. As to the preprogramming, if the market worked that way, it wouldn't be a market. You need buyers and sellers.

If you watch the trade ticker it's mostly 1-3 shares of GBTC with some trades of 25-100. 100 would cost $180k, not a sum that trading houses would be doing much.

The trading is manipulated by market makers delaying small orders to their convenience, and by algo players looking for arbitrage opportunities. The market makers come out ahead, lol. The algo guys get caught by popular movement just like everyone else.
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Any process can be simulated, we do that all the time in the software industry to test systems out.

The fact that this whole process is so heavily encrypted also makes it easier to pull such a thing off and never have anybody able to prove you did it. Just sayin.....
 
Climber said:
Any process can be simulated, we do that all the time in the software industry to test systems out.

The fact that this whole process is so heavily encrypted also makes it easier to pull such a thing off and never have anybody able to prove you did it. Just sayin.....
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You can't simulate the trading activity on the NYSE or any major exchange. A lot of hedge funds with fifty times more resources than you have have gone broke trying to.

You conflating trades with Bitcoins. Two different things.
 
Plenty of other places

Coinbase is just really easy/convenient

They claim it’s due to an influx of new accounts slowing their system down
 
I gamed several trades today, but the volatility keeps me out. And even on ARCA the trades are slow. Plus there's no doubt market makers are using this as an opportunity to lay off.
 
afm199 said:
I gamed several trades today, but the volatility keeps me out. And even on ARCA the trades are slow. Plus there's no doubt market makers are using this as an opportunity to lay off.
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AFM what exchanges are you using? If I'm not mistaken you don't actually own any crypto in a wallet right? It's all futures?
 
I don't think bitcoin will ever settle down because it's not tied to anything of value other than the cost of mining, which can only go up until it becomes impossible.

This instability means it can never be useful as a currency.
 
Entoptic said:
AFM what exchanges are you using? If I'm not mistaken you don't actually own any crypto in a wallet right? It's all futures?
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Correct. I am trading GBTC, an ETF ( actually a CEF) that owns a fixed number of Bitcoins. So theoretically I own Bitcoins but not in a wallet. So no futures, but a Bitcoin ETF.

Every virtual trade I have made today lost, so I'm out of it.
 
redruM said:
naw, there are plenty of other places to lose your money and dignity in this mania.

...and if you think all the "technical difficulties" with coinbase haven't been purposely engineered, think again.
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Got any facts or just shit posting again?
 
For posterity. I bought the dip.
 

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Entoptic said:
Got any facts or just shit posting again?
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Fact: you're the most clueless guy in the room. I read your posts and I envision a starry-eyed child who has hopped blindly on the bandwagon. You and the rest of bitboi fandom haven't a single concern about the potential (actual) pitfalls of this craze. It's surreal.

Don't like that I have negative things to say about bitcoin/crypto and associated matters? Too fuckin bad, friend. The world's a place of differing opinions and intellectual capacities. Embrace it or stfu.
 
A lot of ppl called a 30-35% dip after the new high. thats pretty much where the fall stopped last night. I really wonder if this price will stick around after Coinbase opens back up.
 
redruM said:
Fact: you're the most clueless guy in the room. I read your posts and I envision a starry-eyed child who has hopped blindly on the bandwagon. You and the rest of bitboi fandom haven't a single concern about the potential (actual) pitfalls of this craze. It's surreal.

Don't like that I have negative things to say about bitcoin/crypto and associated matters? Too fuckin bad, friend. The world's a place of differing opinions and intellectual capacities. Embrace it or stfu.
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All of your posts are generally rude. That is why I call you out on your shitposting. Please take it somewhere else as others are trying to have a conversation. If you would like to participate in this thread please do so and add something. I'm sure we'd all love to hear your view. What pitfalls do you envision I'll fall in?
 
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