2016 BTC Market Transaction Thread - Week 2

coit

coit

Bullseye
Joined
Nov 29, 2007
Messages
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Welcome to the inaugural week of the BTC (Butthurt Trading Contest) Market. If you don't know what this is, check out the rules thread here:

https://www.stingtalk.com/board/threads/coits-butthurt-trading-contest.89117/

Opponent: Mercer
Point Spread: GT -32.5

The Opening Price for Butthurt this week is $97. This comes from the closing price of $90, adjusted downward by 12.5% due to the win, and a 20% upward Butthurt adjustment made due to GT not beating the point spread. This minor increase is reflective of the mood within the community of slightly increasing butthurt.

Post your trade in the thread, with the other party to confirm the trade by replying. All trades will be tracked in the log below.

 
Last edited:
ThisIsAtlanta said:
Anybody know what the Mercer spread is yet?
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I looked and didn't see it. According to the Sagarin starting ratings the spread would be around 30 plus 3 points for being a home I guess, so 33 maybe. They lost and we won so it could go as high a 40 maybe.
 
coit said:
I looked and didn't see it. According to the Sagarin starting ratings the spread would be around 30 plus 3 points for being a home I guess, so 33 maybe. They lost and we won so it could go as high a 40 maybe.
Click to expand...

@ThisIsAtlanta I just saw 32.5 on 5dimes, so we will go with that. Sagarin rating spread after Week 1 is still about 30 plus 3 for the home field is still 33.
 
One of the little nuances of the rules that might help people get into the swing of trading is this:

If we win a game that we expected to win in the poll, but don't cover the point spread, Butthurt still goes up.

So, if you think we won't cover, it makes sense to buy. I'll update the point line if it moves during the week.
 
Your market's gonna blow up coit. This butthurt is a toxic asset and you won't be able to make a last minute deal with Barclay's to save the market from tanking once people realize that the butthurt portfolios are full of subprime butthurt.
 
Akinji07 said:
Your market's gonna blow up coit. This butthurt is a toxic asset and you won't be able to make a last minute deal with Barclay's to save the market from tanking once people realize that the butthurt portfolios are full of subprime butthurt.
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I'm ahead of all of the rest of you because I bought at $90 and it went up from there.
 
coit said:
I'm ahead of all of the rest of you because I bought at $90 and it went up from there.
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It's only worth as much as people want to pay for it. If nobody will buy it at your $97 price then it's not worth $97. Your problem is trade volume. People are holding onto this like its gold but at the end it won't be worth shit because nobody will buy it high.
 
Akinji07 said:
It's only worth as much as people want to pay for it. If nobody will buy it at your $97 price then it's not worth $97. Your problem is trade volume. People are holding onto this like its gold but at the end it won't be worth öööö because nobody will buy it high.
Click to expand...

I anticipate high trading volume after this coming weekend.
 
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