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Title: further indicator: bitmit final price Post by: klaus on October 21, 2012, 08:23:06 AM Bitmit are selling themself due to upcoming legal restrictions in their jurisdiction (Hongkong). https://www.bitmit.net/en/trade/i/8175-bitmit-net Is the final price a long-term-bitcoin-indicator? discuss Title: Re: further indicator: bitmit final price Post by: zby on October 21, 2012, 08:44:48 AM Bitmit are selling themself due to upcoming legal restrictions in their jurisdiction (Hongkong). https://www.bitmit.net/en/trade/i/8175-bitmit-net Is the final price a long-term-bitcoin-indicator? discuss Title: Re: further indicator: bitmit final price Post by: Stephen Gornick on October 21, 2012, 08:51:05 AM Is the final price a long-term-bitcoin-indicator? Currently: 5,000.10 USD (= 427.359 BTC) (75 Bids) with 5 days to go. I suppose if the amount gets to relatively frothy levels (just guessing here, let's say a hundred thousand or more?) that would be a bullish sign. But auction sites have a very difficult time overcoming the chicken and egg problem so if the value of an online auction site doesn't get to a frothy level, that doesn't say much either way about Bitcoin itself, I wouldn't think. Title: Re: further indicator: bitmit final price Post by: klaus on October 21, 2012, 01:26:22 PM Selling stopped by seller Good news. We have figured out a solution for this problem. Bitmit is not going to be sold. Business as usual. We are sorry for the insecurity this may have caused. Title: Re: further indicator: bitmit final price Post by: aqrulesms on October 21, 2012, 04:50:49 PM Great! I wonder if they simply misinterpreted new laws coming into effect in Hong Kong.
Title: Re: further indicator: bitmit final price Post by: jl2012 on October 22, 2012, 01:17:55 AM Great! I wonder if they simply misinterpreted new laws coming into effect in Hong Kong. Are you from Hong Kong? I can't see any regulation changes here Title: Re: further indicator: bitmit final price Post by: MPOE-PR on October 22, 2012, 02:40:23 AM Good news. We have figured out a solution for this problem. Bitmit is not going to be sold. Business as usual. We are sorry for the insecurity this may have caused. It's great to see even more well run companies behaving responsibly and predictably instead of randomly and erratically as if 17 year old kids with ADD were at the helm. Onward and upward! Title: Re: further indicator: bitmit final price Post by: allthingsluxury on October 22, 2012, 03:27:38 AM Well let's hope for stability. Glad that bitmit is staying open.
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