I see Kraken recommended as 'safe' and maybe it's safer than Bitstamp. But it seems to be based in California.
I'd like to know if it's relatively easy to send fiat to Kraken, so far I only sent euros to Bitstamp by SEPA.
Kraken does SEPA. It's the top euro-based exchange right now. Takes two banking days to get money there, but that's because the local banking system is slow. Mat claims SEPA happens on the same day for him. OK, thanks. I'll get an account there. |
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I see Kraken recommended as 'safe' and maybe it's safer than Bitstamp. But it seems to be based in California.
I'd like to know if it's relatively easy to send fiat to Kraken, so far I only sent euros to Bitstamp by SEPA.
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Silly thread, but with a simple answer: nobody, it won't be worth mining.
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As long as I don't see a direct link between this (and other adoptions) and speculative fiat on the exchanges, I don't give a damn.
This is the difference between the process for getting worldwide legitimacy ... versus nonsense day trading speculation short term vision. You're going to kick yourself in the ass in 5 years when you realize you could have been buying and holding for the real value increases. No, in five years I will definitely be OUT OF BITCOIN. I only plan to stay until the 2017 big bubble (mania phase). After that there will be only bagholders. |
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For whatever it is worth (via Google Translate): 比特币两月狂涨80% 起死回生还是回光返照 Bitcoin two months shot up 80% to revive or supernatural Sina Finance, 01:12 on June 5, 2014 http://finance.sina.com.cn/money/lczx/20140605/011219315838.shtml [... ]
"Daily Economic News" reporter from the K -line pending Bitcoin Chinese market noticed from early April bitcoin lowest price 2419 yuan / BTC to June 3 up to 4211 yuan / BTC, or nearly 80 percent , yesterday afternoon, 18 point 19 points , bitcoin prices fell slightly to 3975.31 yuan / BTC.
Recently, Apple App shelves and allows the virtual currency Bitcoin Paris opened its first center in the industry have been interpreted as good news Bitcoin .
Bitcoin senior players Songhuan Ping told the " Daily Economic News" reporter , "My view is very simple, well bitcoin domestic development , particularly in the United States, Britain and other places. Law gradually clear , mining costs are increasing rapidly , Bitcoin directly raise the price . "
"Now Exchange , mining machines , payment, consulting and other fields have a lot of competition in these areas if all goes well , there will be a heavyweight domestic companies ." Songhuan Ping said.
However , a senior adviser to the Royal Bank of Canada by Chen into the "Daily Economic News" reporter , said Bitcoin market is still too small, the scale of billions of dollars , a few large easy to raise its price . If there is no volume prices, it is possible pitfalls. "The recent rise is clearly Bitcoin Makers eating short sellers , some of the people who lost a lot of short while before Bitcoin prices also plummeted dealer in the harvest. Bitcoin access to financial markets after more than a casino also black , flicker quite a few retail investors ."
[ ... ]
Summary: Short squeeze finished! Long squeeze is next. There is no new money that has entered the marked! While I agree with your conclusion based on charts, that translation is so bad that it made me dizzy while trying to understand it. |
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As long as I don't see a direct link between this (and other adoptions) and speculative fiat on the exchanges, I don't give a damn.
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This doesn't make sense to me. There is no rush to sell the 200k coins now, I expect that to happen in 2015.
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Where's the arbitrage? It's still middle of the week. It's ridiculous how inefficient this market is.
Probably bitcoins are bought in China and sold at Bitstamp. The same happened in January with MtGox. Some insiders expect PBoC FUD soon. It's been quiet for too long. |
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Wrong question, you should have asked how much CNY, not USD. And I don't have this answer.
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We are heading down.
I think we are seeing a head fake rise the last month. I think we go down to 415 in the next two weeks before we go higher.
If the price drops below 450$ then the uptrend is broken and after a weak rebound we'll drop even lower. To go higher than 700$ would require that the upcoming correction doesn't drop below 450$ (not below 550$ to be sure). |
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I find the similarity with the first days of February interesting.
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Workaround is to load okcoinCNY, Bitstamp usually follows it closely.
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The charts look ready for some China FUD. I'm not saying it's coming, but it's been absent for too long.
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Almost 3 years ago bitcoin price recovered from 6$ to 12$, and probably many thought the bear market was over.  |
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The last rumor I had read is that Karpeles believes the bitcoins were stolen during the summer of 2013, but there's nothing official.
OTOH he could have stolen them himself and just pretends someone else is to blame. We'll probably know the truth in a couple of years.
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Enjoy:   |
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During 2012 bitcoin's speculative value was reasonably close to it's real value, which is driven by demand from
activities that circumvent laws and regulations (SR and like). The current speculative value is much higher than
the real value, and it has been driven mostly by MtGox fiat withdrawal issue and bots and then by crazy Chinese speculators.
As long as the Chinese speculators are able to keep the price high, the current status will continue, with fluctuations and pumps.
But if they start to panic sell, then bitcoin price will endure a harsh reality check.
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Bitcoincharts has added OKcoin to the volume pie, Huobi not yet. Just OKcoin is 51% of global volume, so don't think China
doesn't matter. As for the 'ban', there isn't anything official yet, and I wonder how can the PBoC completely block deposits.
The Chinese exchanges have been so far resourceful and were able to circumvent previous 'bans'.
OTOH, if some official at the PBoC gets pissed off that the exchanges are still operational, tougher measures may follow.
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