Post
Topic
Board Speculation
Re: Rally!!!!!
by
TraderTimm
on 05/07/2012, 19:09:18 UTC
I just put in about ~$1,500 in bitcoin, with a few more grand to come behind it.

Yeah, I'm not kidding.

Line up those asks, I need to empty the order book.

I'm not sure what it is you want us to conclude about you from this.

You do know that, as small as bitcoin's market is, $1,500 is not an enormous volume?  Why would we think you were "kidding" about such an amount?

To "empty" the order book to its 2012 high, $7.12 would cost you about $350,000.

Merely a statement of fact and a vote of confidence in bitcoin. I don't furnish such things with the intent to 'impress' anyone. What I'm not kidding about is my belief that bitcoin is stronger on a technical and relative basis than sovereign-run currencies.

I'm well aware of how the market works, my moniker isn't by accident - I've traded 'real' financial instruments on real exchange floors. I did not mean to imply I could take out ALL asks, lol. I'm dedicated, not crazy-rich.

I hope that clears a few things up for you.