BitCoin - Intellectual Fraud or a Stunning Idea??

[stock777]

I'm telling you, this is the same crowd that makes the pink sheets run.

 

[Swan Noir]

Stock, I think few would disagree that bitcoins are insanity. But I think for those that can deal with the counterparty risk the propensity for it to move and the arb potential make it tempting.

I'm probably not even going to experiment with it because it seems like it will be so damn much fun that it will turn out to be a huge distraction. And to put enough capital into an account to make it worthwhile exposes me to counterparty risk that is simply sky high!

Quote from stock777:

I'm telling you, this is the same crowd that makes the pink sheets run.

 

[Pekelo]

The kraken.com website has been finally hooked up to MtGox's data feed, so the prices are pretty much up to date. You get 5K cash and 100 BTC to play with. personally, I think they are a bucketshop, it will be interesting to see how they handle quick movements when they are fully functional...

I placed a bunch of orders, selling above 120 buying under 95, we shall see how they work...

 

[Pekelo]

They are selling trading robots for MtGox. Here is the explanation how the guy is using it:

http://www.reddit.com/r/BitcoinMark...nitial_glancereview_of_mtgox_ema_trading_bot/

He made from $536 to 739 with 6 trades, I think in one day. Not bad for a start...

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Kraken.com is supposed to go live in the next few days.....

 

[Debaser82]

Ive put some change in some alt currencies mostly LTC over the past 2 months

Im gonna forget about it and come back in a year or so

 

[stock777]

Quote from Pekelo:

They are selling trading robots for MtGox. Here is the explanation how the guy is using it:

http://www.reddit.com/r/BitcoinMark...nitial_glancereview_of_mtgox_ema_trading_bot/

He made from $536 to 739 with 6 trades, I think in one day. Not bad for a start...

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Kraken.com is supposed to go live in the next few days.....

huh, how the f&ck did it make 50% roi on 6 trades?

 

[bwolinsky]

Quote from stock777:

huh, how the f&ck did it make 50% roi on 6 trades?

I've never gotten where this equates to 50%... if this were true, I'd be quoting my ROI's in thousands so I should probably say you're wrong.

 

[stock777]

you seem to be 1000% percent wrong here. I'll help you out.

total capital 5 and change? his risk even less than that, much less. I understate the profit , you seem to think I overstate it. bad math on your part.

if you buy an option for 500 and sell it for 750, what is your gain?


makes 200 overnight? just like that?

we're in the wrong business dude.

is there anything about bitcon that doesn't reek of bullshit?

 

[atticus]

Quote from stock777:

huh, how the f&ck did it make 50% roi on 6 trades?

Here's some grammar school math for you.

(big number - small number)/small number

<38%

tool.

 

[stock777]

Quote from atticus:

Here's some grammar school math for you.

(big number - small number)/small number

<38%

tool.

739
-536
--------
203
/536=

0.378731343 or 37%.

I was just rounding it for ease of discussion. Thats not the objection bwolinsky was making Im sure. For you to hammer at that, proves your twatness.

Asswipe.