Couldn't they just move out on China, and set up the exchange on a VM ?
They are Chinese exchanges for mainly Chinese people (who make up about 1/7th of the world population) moving out of China doesnt solve the problem with no Chinese banks working with BTC, there are already plenty of exchanges for outside of China. |
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My wallet cannot open. I run it and it quitted quickly. I use window.
Are you on a 64 bit or 32 bit system? |
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For many it was their first exposure to crypto and I imagine the majority kept their coins on there. The majority of morons, maybe. The red flags were there months before Gox imploded, months before they stopped allowing BTC withdrawals. Morons or not they we're investors who lost money and will have told everyone they know Bitcoin is a scam etc etc. |
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chinese central banks are not commercial banks. they are personal banks.
A country has one central bank. Except for the US, all countries' central banks are government owned. The central bank is the financial regulator for the entire country and its job is to be the government's banker. All commercial banks in a country have to answer to the central bank. The central bank does not deal with individuals. It is not a commercial bank or a personal bank. China's central bank is called the People's Bank of China or PBoC. All of the above is stuff you learn in a basic economics class. Not quiet all correct, in a basic economics class you would have learnt that the Bank of England is also privately owned in much the same way as the US Fed Reserve  |
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Once prices are trending upwards, the swap fee will probably get much higher. I saw it high as 1.5% in November.
Weren't they quoted monthly back in November though and now we're working on daily? |
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Cancel my orders and put up a new one:
WTB 0.0006 / 20000 / 12
Just wanna say good to see you back around TheKoziTwo  |
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I think it was something about a Chinese bank account closing or the 'apr 15 deadline'. I don't really care about the news though. I just know when we are close enough to the downtrend line, we are bound to go down for some reason or another - the market is just looking for any excuse to jolt down.
You have a shorting target then? I don't have any guess about the bottom that I can be confident about. I am closing out all my trading positions on the next big move, whether it is up (Trend reversal), or down (good price) and quitting trading. Fair enough, I'm just waiting for the real trend reversal and then Im max leverage and getting on with life for a few months. You have to keep in mind that even after the reversal there are going to be a lot of sideways periods that go on for months. Are you just going to hold a leveraged position for months and months? That's a lot of swap fees (and a lot of exchange risk). I only like to leverage during the ATH rallies. Im not as sure as you that we will see months of sideway action, you could argue that the last month or so has been sideways. 0.07% is hardly a lot of fees if the price is trending upwards. Cheaper than a normal loan but yes there is the exchange risk. When I say when the trend is reversed I mean definitely, for sure, not we've gone up $30 in a day(you could even call it what you may consider an ATH rally situation). It all depends how you look at it, I think that this trend is not really reversing until China is actually over and done with either way, I think that once that happens its going to be like a spring that has been compressed for months. |
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I guess more people are holding there BTC and thinks that could make it higher in value before they will sell their coins.
Yep and then when they see it rising they dont want to sell them because why would you. This happens with all investments it goes down you tell yourself your content with breaking even so say your goign to sell when it reaches the price you paid but it has to rise to get near that price. When it rises, you get more confident, as does the market and when you get close to your price you dont sell. Rinse and repeat. |
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I think it was something about a Chinese bank account closing or the 'apr 15 deadline'. I don't really care about the news though. I just know when we are close enough to the downtrend line, we are bound to go down for some reason or another - the market is just looking for any excuse to jolt down.
You have a shorting target then? I don't have any guess about the bottom that I can be confident about. I am closing out all my trading positions on the next big move, whether it is up (Trend reversal), or down (good price) and quitting trading. Fair enough, I'm just waiting for the real trend reversal and then Im max leverage and getting on with life for a few months. |
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What uncertainty about China? Chinese attitude towards BTC has been known for months and I really do not see how markets can react to anything else but China banning BTC which is not going to happen. The rest is pure speculation.
Please share with me what is going to happen for certain in China? Then once you've used your crystal ball to tell me exactly whats going to happen next explain to me how the market would not react to one or more of the major Chinese exchanges stopping trading for example? |
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I think it was something about a Chinese bank account closing or the 'apr 15 deadline'. I don't really care about the news though. I just know when we are close enough to the downtrend line, we are bound to go down for some reason or another - the market is just looking for any excuse to jolt down.
You have a shorting target then? |
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Yesterday the transaction volume dropped to the lowest number since 2011 with only 69,152 BTC traded. In comparison, during peak periods, the volume was between 350,000 and 450,000 BTC traded. What does this mean? Do people hold and wait for better price or is BTC simply losing momentum?
Dont forget when you talk about it in BTC volume its not a good comparison. BTC is orders of magnitude more expensive now so you should compare $ volume numbers. But in answer to your question less traded volume just means that sellers aren't selling and buyers aren't buying, I suspect the uncertainty out of China is a major factor in people just waiting on the sidelines. |
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dont fuck with that 12h macD  Buy or die!  Remind me what happened in regards to news etc around that time? |
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this is my favorite alt coin, but have no idea if actually trying to mine it  in windoes how do u check if actually mining it properly? (been mining for days and found nothing) Do show_hr in the daemon window. If it tells you a hash rate (somewhere 10-20 for most computers) then you are mining. Do hide_hr to make it stop displaying the hash rate (you will still be mining) When I do "show_hr" in the daemon I get this: "unknown command: show_hr" Task Manager shows 75 percent CPU usage (6 threads), bitmonerod.exe Btw how to check the balance the easiest way? (I just love command line, so user friendly) just use refresh in the wallet to see your balance. if your doing show_hr in the daemon and not in the wallet im not sure why that wouldnt work |
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Great news indeed, according to WSJ China government is finally enforcing the regulations.
Chinese people holding BTC in one of the exchanges after 10-05 are basically fucked, as is also suggested by some people on the Chinese sub-forum of this board.
Funny that, this was on BTCChinas facebook page from 15 mins ago Dear Customers, Contrary to some recent media reports, deposits to BTC China are still available via two methods: BTCC Voucher and Cash Deposits. Our Exchange is operating normally and all customer funds are secure. We recently removed the Bank of China's bank transfer deposit method at the bank's request. We plan to provide our customers with more deposit options soon. Please stay tuned. BTC China Team May 7, 2014 |
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 Last chance to get bitcoins under 1500$. I like this one  Can anyone remember the link to the collection on train pics? Been looking for it for ages now but havent needed it much the last few months. |
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On to more serious matters, why are there such big buy orders on Huobi?
China unbanned Bitcoin Its starting to be the last chance for any Chinese people to easily get some skin in the game lol |
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I have received a response from Bitstamp. I request that you all re-read my starting post, as I changed it to better reflect the situation as it is. Bitstamp did reply to my inquiry about their transaction fee calculation. The rounding up which occurred in your case was in accordance with our notice provided in the Fee schedule section of our website. Fiat currencies, unlike Bitcoin, have two decimal places, therefore the smallest fee Bitstamp can charge for its services can never be below $0.01. Bitstamp does not sell or buy bitcoins nor does it manipulate how orders are executed. If a sell was executed for one client (you in this case) this means that another Bitstamp client had his buy order executed on the opposite side of the trade. As you are probably aware that "If you try to commit an order with price greater or lower than 20% of the current market price, our system will ask you for additional confirmation." (available in our FAQ: https://www.bitstamp.net/faq/). Due to such actions, it is sometimes possible that a user can perform a trade which is lower than $1 in value when placing an order which is higher than the market price at the time when it was executed. They further explain their rounding policy, which is fine, but did not explain (yet) why the order limit is then not $5 so that the exploit as mentioned in this post cannot happen. The fact remains that an order limit of $1 in combination with the rounding off to $0.01 causes any order of $1 or smaller to be charged five times the fee. Whether or not the low $1 order limit is intentional in order to harvest these fees or not, I will leave upon you (the community) to decide. The willingness of Bitstamp to change the order limit will show us as a community if it is intentional or not. You should point them in the direction of davouts solution as well which is probably fairer. Yes we know fiat currencies has 2 decimal places but a system can store more than two. Just use more decimal places and round on withdrawal. |
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brb off to buy me some xrp the chart makes it look like a sound investment. |
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For the love of god please stop quoting him TERA, whats your current feelings regarding the exchanges. if the 10th was just a deadline to make statements by, was yesterdays statement from the exchanges a plea for the banks to work with them or is that all we're going to get until the next ? |
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