- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Coaching Changes
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: Daily Bitcoin Article
Posted on 2/24/14 at 11:12 pm to C
Posted on 2/24/14 at 11:12 pm to C
quote:Just ask Wiki. All they have to do is transfer them through a mixing service and they can remove the taint of being misappropriated (stolen is such a harsh word).
Can mtgox steal those coins and sell them for usd or are they just lost forever essentially?
quote:LINK
First of all, severing taint between transactions is quite easy to do. For instance, a mixing service might have POOL_A and POOL_B. You send your money from ADDRESS_1 to POOL_A and they send you money from POOL_B to ADDRESS_2 (which you also own). So now, the "tainted" coins are sitting in POOL_A, while you control some non-tainted ones that were sent to you from POOL_B in a completely different bitcoin address. Someone else will eventually gets your original coins that were sent to POOL_A. That is a very simple example of how this works. They actually get more complex than that.
If Wiki is correct, which I doubt, then the former MtGOX operators have access to unfettered ownership of a substantial number of Bitcoins.
FYI, Bitcoins are now trading for $450 on bitstamp.com.
1
Posted on 2/24/14 at 11:18 pm to Poodlebrain
$442
Posted on 2/24/14 at 11:19 pm to LSURussian
It's getting bad. I want to stay up and watch this disaster, but I have class in the morning. I need coffee and a cigarette, it's going to be a long night.
Posted on 2/24/14 at 11:24 pm to brucevilanch
I hope you're not long on btc now. Please tell me you're not.
Next support is $430.
Next support is $430.
This post was edited on 2/24/14 at 11:25 pm
Posted on 2/24/14 at 11:27 pm to LSURussian
frick no. I never am, but I am worried about it dragging the other markets down. The other coins typically trend with BTC.
Posted on 2/24/14 at 11:28 pm to LSURussian
if only you had ever figured out how to short btc
Posted on 2/24/14 at 11:30 pm to southernelite
You actually can short on Bitfinex, but they've probably disabled it by now.
Posted on 2/24/14 at 11:32 pm to brucevilanch
He wouldnt have shorted anyway. If there is problems getting cash from the long positions, shorts would have the same issue.
Posted on 2/24/14 at 11:34 pm to southernelite
Learning things. 
Posted on 2/24/14 at 11:38 pm to southernelite
quote:This.
He wouldnt have shorted anyway. If there is problems getting cash from the long positions, shorts would have the same issue.
Can you imagine the margin calls on btc if anyone has bought on margin???
Posted on 2/24/14 at 11:48 pm to LSURussian
quote:
Can you imagine the margin calls on btc if anyone has bought on margin???
...No, tell me more.
Seriously though, I don't deal with those types trades at all, neither in magic moneyz nor the actual market. I've started absorbing all information that I can about trading/buying in general, and any sort of useful information that you guys through out is appreciated.
Posted on 2/24/14 at 11:48 pm to LSURussian
quote:Only people more stupid than the borrowers would be the lenders. How are they going to collect?
Can you imagine the margin calls on btc if anyone has bought on margin???
Posted on 2/24/14 at 11:50 pm to Poodlebrain
I've got it! The exchange takes out a loan from the new First Bitcoin Bank of Cyprus!
We can all buy BTC Bonds.
We can all buy BTC Bonds.
This post was edited on 2/24/14 at 11:52 pm
Posted on 2/24/14 at 11:56 pm to brucevilanch
It wouldn't surprise me if the capital of the Bitcoin bank in Cyprus was the Bitcoins missing from MtGOX. The exchange didn't work out, let's try banking.
Posted on 2/25/14 at 12:00 am to brucevilanch
Whenever I buy on margin, which I rarely do (stocks, not btc ) , I set a strict stop loss limit price to get out no matter what.
, I set a strict stop loss limit price to get out no matter what. Posted on 2/25/14 at 12:03 am to Poodlebrain
quote:
Only people more stupid than the borrowers would be the lenders. How are they going to collect?
If the margin call is not answered according to the terms of the margin agreement, as in one trading day, the lender takes the collateral, which would be the btc. I have no idea if any exchange allows margin purchases of btc. Nor am I willing to find out.
Posted on 2/25/14 at 12:05 am to Poodlebrain
It really wouldn't surprise me either. Posted on 2/25/14 at 12:07 am to LSURussian
quote:
I have no idea if any exchange allows margin purchases of btc. Nor am I willing to find out.
Here you go!
Posted on 2/25/14 at 12:10 am to brucevilanch
Wow! There's no way a small btc exchange site can withstand the price declines of btc if they are providing margin financing for any significant volume of their sales.
Posted on 2/25/14 at 12:14 am to LSURussian
Laughed at this correlation when I saw this earlier on a finanial webite:
quote:
Bitcoin: "The Scientology of Currencies"
Page 11 of 13
Popular
Back to top
Follow TigerDroppings for LSU Football News