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Showing 7 of 7 results by etzeppy
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Re: Interested in joining pump group/team
by
etzeppy
on 14/07/2015, 13:07:13 UTC
Thanks for an interesting read. I'm not sure why I'm supposed to weep though.
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Re: New offer from EU commission -> Tsipras will give in today ->Bitcoin back to 240
by
etzeppy
on 01/07/2015, 22:42:11 UTC
Is it tomorrow yet? I would like another entry at 240.
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Re: Anyone Lending Their Bitcoin To Shorters Is An Idiot
by
etzeppy
on 27/06/2015, 03:31:46 UTC
In terms of shorting the market, all those bitcoins have to be bought back one day or another so for long/bullish perspective shorting only adds fuel to the fire in future.

Right on. When the shorts get scared and start covering, it can be a real catalyst for bull runs. The OP is implying that shorts can artificially depress the market at will. If it was that easy, everyone would do it.
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Re: Is Gavin "The Financial Crisis Is Over" Andresen correct, compromised, or crazy?
by
etzeppy
on 26/06/2015, 02:56:00 UTC
When that software developer seeks to make a (security-centric, financially-sensitive) project dependent upon his economic proclamations and predictions, he should be blamed for that poor design rationale.

Are you saying that Gavin, who is no longer the lead developer, is changing bitcoin software based upon his view of economics? I would like to understand this better.
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Re: Will banks using bloackchain affect Bitcoin price?
by
etzeppy
on 24/06/2015, 02:18:33 UTC
The banks would NOT have to temporarily convert currency into bitcoin.  I could see them sending blocks of fed notes (1,000,000's  100,000's  10,000's) with marked satoshi's/colored coins.  Of course they would still have to pay transaction fees with bitcoins.  I believe it would still be bullish from Bitcoin being acknowledged.  It just would be a way more subdued trip to the moon since they would not need a billion dollars of bitcoin to transfer billion dollars of fed notes just a few marked satoshi's.
Can you please elaborate on how the block chain can be used to send fed notes (or other non BTC transactions) without using actual bitcoins?
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Re: Bitcoin Black Holes and it's effect on price
by
etzeppy
on 22/06/2015, 19:15:00 UTC
Market price is based upon supply and demand, period. Supply could also be considered "lack of supply". We have no way of knowing if the "lack of supply" at any given moment is caused by lost coins, investors who are holding for a higher price, or hoarders that will never sell. Frankly it doesn't matter. We live in the now. The now price is based upon the current supply and demand, regardless of why. It will always be that way.

Even if someone advertised that they lost a bunch of bitcoins, I would not expect the market to react strongly. How could it be proven that the coins are permanently lost? Talk about a pump in dump scheme. Just pretend to lose coins, then find them again when the price goes up. Financial markets don't work that way.
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Re: why so much pump?
by
etzeppy
on 18/06/2015, 12:47:05 UTC
LTC is halving (about 2 mnt from now)
that's why price of LTC is up

Newbie question here. Why does the upcoming halving in LTC impact demand for BTC?