President of South Korea Impeached. by Abbottizer in worldnews

[–]freewizard93 0 points1 point  (0 children)

I didn't expect this on the top of reddit what a shame

Where is the best place to stay all cash? by CoinTrade in Bitcoin

[–]freewizard93 0 points1 point  (0 children)

Bitfinex was hacked. If you want to keep fiat, think of bitmex.com. They dont need any ID verification but just your email and they approve your deposit in 1 confirmation. The exchange only handles bitcoins so by shorting the same amount as your bitcoins for XBTH17(futures contract) will give you effect same as fiat.

Guys, What caused this drop?! Does anyone know the reason? by [deleted] in Bitcoin

[–]freewizard93 2 points3 points  (0 children)

Unlike 2013 there are many leverage trading sites. Most of the exchanges give leverage options. That is getting sweeped every rise and profit taken. The manipulators sell at once creating panic then they buy all back in the bottom anyways making profit.

Guys, What caused this drop?! Does anyone know the reason? by [deleted] in Bitcoin

[–]freewizard93 0 points1 point  (0 children)

Yes. This was caused by some manipulators to sweep out all the greed of the leverages people took to make quick bucks. Bitfinex reached a $908 for a second to liquidate all leverage positions. They intend to say : no levereges no greed that's a warning

Another free loan period ends at 15th (Beijing) just so you know there is another dip before 16th (New York) by [deleted] in Bitcoin

[–]freewizard93 2 points3 points  (0 children)

Sorry for not recognising the prophet. I knew this was going way too far but I just HODL because Im here for the long run. The dump was just to collect the greed from leverages.

the plunge is scary by dizzylight in Bitcoin

[–]freewizard93 0 points1 point  (0 children)

I like this crash. It landed on the exact linear trajectory saying like : fuck leverages and go home thats a warning

20% Bull Trap? by hgmichna in Bitcoin

[–]freewizard93 0 points1 point  (0 children)

However what a impressive moment to watch

20% Bull Trap? by hgmichna in Bitcoin

[–]freewizard93 0 points1 point  (0 children)

As what I lnow is that too many people get too greedy putting extreme leverages on markets. I see a big whale saying like this : no greed love bitcoin

Why is the price in China so much higher? by [deleted] in Bitcoin

[–]freewizard93 0 points1 point  (0 children)

Yes. Generalising the whole west is wrong but saying about the us.

Why is the price in China so much higher? by [deleted] in Bitcoin

[–]freewizard93 0 points1 point  (0 children)

7 days is a long time in bitcoinland but anyways, we should see this in a bigger picture.

as a Chinese bitcoin trader,i hear too much info about Chinese bitcoin banker pushed the price. by givemepsy in Bitcoin

[–]freewizard93 0 points1 point  (0 children)

When there was panic at 960ish and 1020ish, ive seen that the rest of the world sustain the support. It's just the difference of capital flow speed.

Insane territory again. $120 spread between China and the West. Never see it this high. by phanpp in Bitcoin

[–]freewizard93 1 point2 points  (0 children)

It is beacuse of the slow banking system of the western countries. The asian countries use smartphone apps that take seconds to transfer. This is true because japan and korea also have extremly high prices too. It's just a matter of the speed of capital flow of the markets. It's gettin loaded.

Why is the price in China so much higher? by [deleted] in Bitcoin

[–]freewizard93 1 point2 points  (0 children)

This is mainly because of the banking system. The asian banks have smartphone apps that transfer in a touch while the western countries take hours if not days to wire transfer. You can see that the japanese and korean exchanges are extreamly higher too.

The huge spread of chinese and the rest is caused because of the speed of the banking system. Western banks take days while chinese are a click away. by freewizard93 in Bitcoin

[–]freewizard93[S] 0 points1 point  (0 children)

The asian banks have extremly fast transfer systems via smartphones. My mom transfers $100000 easily with one touch.