Bitcoin Forum

On target for under $300 by May 1st  ;D

$330 is lowest i think it will go. too many people in biz now

guess the smart people that are not sheep are using BTC-e and keeping the price above $380.

i laugh at the sheeple on exchanges tanking th price due to a non event

american exchanges have had banking issues, they seemlessly moved their bank offshore.
Huobi is moving its bank too, again seemlessly and not affecting users.

i cant believe there is soo much hype because an exchange has to change its deposit details (the simplified version of what the hype means in realistic and physical terms)

china is a non event. much like when bitstamp had to change banks...

.. silly sheeple, running at the slightest noise.

Gonna be bold and say $250-280 over next week  8)

BTCChina remaining vigilant, don't think they will be immune to PBOC's forthcoming actions.

Will be interesting to see BTC's price index once PBOC publish an official statement.

As always, interesting point Frank! I also wouldn't under estimate the Chinese bitcoin community just yet; they just might come up with a robust work-around??

Moving overseas - I tried sending fiat from my Australian bank to an Major exchange Oct, 2013 - It was intercepted and not processed - had to use my UK bank account instead. I think the exchanges IBAN/SWIFT will be quickly black-listed, so Chinese bitcoiners still won't be able to fund overseas' exchanges easily.

I think the fud recently are really doing their job well

I think you're totally right. There are so many people buying now, that I would be very surprised if it even dropped this low. In fact, I'd be surprised if it went back to 350 at this point in the game. I think we're headed back north very very soon!

Sounds good and I hope so! But why? Any reason for this?

Well that was a fast rebound lol  ;D ;D ;D

http://bitcoincharts.com/charts/chart.png?width=940&m=mtgoxUSD&SubmitButton=Draw&r=60&i=&c=1&s=2011-02-12&e=2014-02-17&Prev=&Next=&t=M&b=&a1=&m1=10&a2=&m2=25&x=0&i1=&i2=&i3=&i4=&v=0&cv=0&ps=0&l=1&p=0&

Meh, we've seen these before.

That chart ends when it went out of sync with the other exchanges, but MtGox was the only exchange that goes back to the dollar parity. Your question is a good one though. All the quoted exchanges except (to some degree) localbitcoins follow the MtGox model. This isn't good. It is almost inevitable that another exchange loses all the funds. If you're going to trade your bitcoins publicly, you shouldn't be asking for privacy. Until a better method is created to trade securely and decentralized, we need centralized licensed brokerages.

That seem's like an interesting idea time will decide if people decide to switch the models.
I'm sure though that a high level discussion about how to address this without having to force publicity will be developed
Possibly through sidechains which can act as brokerages but without needing the central element.
A lot of things going in bitcoin but personal account privacy and public amount of bitcoins an exchange have are different levels of privacy.
So finding the X point between the two is the challenge.