Give it a couple days to a week and this will all be just a bump in the road.
I'm sure. I love this thread. Rule of thumb. When the consensus is yelling "hodl", sell. When they yell "sell", hodl. While everyone was yelling hodl yesterday I thought julian071 had made a mistake selling 40% of his stash to pay for a new bike. Now everyone's yelling sell I changed my mind and think he might have picked a good time to sell, and now's a good time to buy back. >_>
Edit: sold 40% of my stash today.
^ouch  no you didn't!! Yes I dit! Not only have I paid off the loans I made for my initial investements, I have also paid off the loan I had for my favorite mode of transportation.Not exactly a boat, but it puts a smile on my face every time I ride it.  |
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for all of you that you have problems login to Kraken https://status.kraken.com/As you will see also Website - Major Outage API - Major Outage Support - Degraded Performance Now tell me one thing.... after you visit the site and see that API is not working also... Who does the trades on Kraken?  ? Ghosts? The Kraken claims its API is still working, but with degraded performance. Maybe if you keep trying trades through the API you might get some that work. Had 520, 502, and 504 cloudflare errors (used two browsers), while trading seems to be continuing??
We're working to restore access to the site. Trading via API is still possible, but the performance is degraded. The best place to get updates is by following our status page. https://status.kraken.com/The API was NOT working at all.... there are many reasos why the need write that is working, even with degraded performance, but anyway let's wait some time. Now regarding the CNY what do you think? some hours from now and we will have second panic sell wave? I think it depends on exactly what changes the Chinese exchanges made. Two of them stopped Bitcoin withdrawals for a month, but did they also stop access to customer accounts until they send KYC/AML information? Those exchanges announced they would strengthen KYC/AML procedures after the PBOC meeting. If they suddenly demand KYC/AML information from all customers there could be some who can't provide it. Some probably made their Bitcoins trading on Cryptsy. If they are asked to prove where those Bitcoins came from it's unlikely they will be able to because Cryptsy's owner wiped its servers clean, stole all the money, and went on the run. If those Chinese exchange customers aren't allowed to access their accounts they can't panic sell their coins, and there will be less panic selling. If anyone here has a Huobi or OKcoin account can they tell us if they can still access it? |
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for all of you that you have problems login to Kraken https://status.kraken.com/As you will see also Website - Major Outage API - Major Outage Support - Degraded Performance Now tell me one thing.... after you visit the site and see that API is not working also... Who does the trades on Kraken? ? Ghosts? The Kraken claims its API is still working, but with degraded performance. Maybe if you keep trying trades through the API you might get some that work. Had 520, 502, and 504 cloudflare errors (used two browsers), while trading seems to be continuing??
We're working to restore access to the site. Trading via API is still possible, but the performance is degraded. The best place to get updates is by following our status page. https://status.kraken.com/ |
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It's only midnight there and they were awake 3h ago when this happened
Why would they sell more, and why would they sell at all?
Why would you go to a store to buy goods which you can't take out of the store? Makes perfect sense. Well, maybe the whole point is to make Chinese volume less frenetic. less volume, less influence. their volume will probably go from 40% to 10-20% shortly It is better for us in the west. Thanks, China! The PBOC claims its actions are intended to make Bitcoin price less volatile. Ironically every action it's recently taken has created a huge short term dump. However, who's going to deposit Bitcoins to an exchange that's frozen withdrawals for the next month? If nobody deposits that's less Bitcoins China can dump to suppress the price. Bullish. |
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Is this not just part of the enormous handle, for 3 year cup and handle?
Before the 2013 rally past $1000 the US debated banning Bitcoin and there was a dump. This could be a parallel situation. Just because there's a short term panic doesn't mean there won't be a long term moon. |
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Guy's at PBOC wanna earn some money for themselves, worked out every time  Can you make an account at either Huobi or OKcoin without giving KYC information provided you don't withdraw fiat? If you can and either exchange suddenly demands KYC information from everyone there will be some customers who would rather lose their Bitcoins than provide KYC. The PBOC could demand those exchanges hand all those unclaimed Bitcoins to it, then do US style auctions. |
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Still the effect of real news is not bigger than the January fall to $800 and lower that happened for no concrete reason, at least until now
I guess the chinese are getting less power in the price, what their next move will be?
Next step would obv be to close a small exchange. Then, after several smaller ones, proceed with the bigger ones. Then go after the miners. Then go after every retailer that accepts BTC. Going after miners will be tougher, at least the small ones. And I understand that there isn't much of a 'real' bitcoin economy in China. Few merchants accept it as payment. It's mostly used by speculators. I doubt they will go after miners because if they do they might as well just really ban Bitcoin. They have repeatedly stated they won't ban Bitcoin, they just create a panic every so often. |
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Still the effect of real news is not bigger than the January fall to $800 and lower that happened for no concrete reason, at least until now
I guess the chinese are getting less power in the price, what their next move will be?
Next step would obv be to close a small exchange. Then, after several smaller ones, proceed with the bigger ones. Then go after the miners. Then go after every retailer that accepts BTC. One exchange thinks the PBOC has a hidden agenda. Maybe it's panicking because the yuan keeps crashing while Bitcoin keeps rising. http://www.coindesk.com/chinas-central-bank-issues-new-warnings-bitcoin-exchanges/#Others have hinted that the PBOC may have other motives for the announcement.
"Somehow, they perceive the high price and the rising price as a threat," said one exchange executive speaking under condition of anonymity. |
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isn't coins being trapped in China good? less liquidity? we'll be trading with less of a pool of Bitcoins. anyhow... is crypto done?? They are trapped due to AML requirements, so the only way they can 'escape' is to convert themselves to fiat and leave via the front door in full view of the authorities. Someone will buy them, being prepared to wait a month to withdraw them, but they will obviously want a heavy discount for their patience. There is probably a flood of Bitcoin withdrawals from BTCC as it hasn't yet temporarily stopped them. BTCC's customers are probably withdrawing, then dumping on a safe exchange. After they finish dumping the price will probably go back up. |
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Added. Do you know if deposit/withdrawal to/form Kraken are instant with these bank accounts? According to this reddit post deposits/withdrawals are instant because the Kraken has a Fidor bank account. https://www.reddit.com/r/ethtrader/comments/4tyr95/instant_depositwithdrawal_on_kraken/For those of you who did not know.. It is possible to deposit and withdraw € instantly and around the clock 7 days a week from/to your debitcard/ EC Card if you have a bank account at Fidor Bank. Fidor Bank is a bank 2.0 from Germany and has partnered with Bitcoin.de and Kraken.
I am Tier 3 customer on Kraken and the first Fiat Deposit took 3 days. Since the bank account was verified my Fiat transfers are realtime. I deposited Fiat at 01:00 in the morning on Sunday and immediately purchased Ether. When i sell Ether i have Fiat on my Mastercard/ EC Card combo immediately.
I did not see this info on Kraken or in reddit so maybe it is helpful to some of you, especially those from Germany who can not use Coinbase I asked for confirmation that Fidor to/from Kraken deposit/withdrawal is instant in the Kraken thread. Its spokesman gave the reply below. The first deposit/withdrawal can take a long time, but after that deposits/withdrawals usually take about 5 mins. yes, you can do Fidor-Fidor transactions to transfer funds between your Fidor account and your Kraken account. It's not quite instant, but usually only takes about 5 mins or so. Also, the first time you do a transfer this way it will take much longer because there are some things we have to check manually in order to whitelist your account for these kind of transfers. |
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Seems there were some PBOC shenanigans overnight but at least most people didn't freak out too badly this time. Most are starting to learn not to panic like they did a month ago. Only a few sold their coins cheaply. Suckers.
Newsbtc reminded me that the PBOC said it would be having more meetings with the exchanges two weeks ago. The PBOC will probably having more meetings with the exchanges throughout 2017. After a few more meetings another one won't even make the news. The first one made people panic, but the following ones will create less and less of a market reaction until nobody gives a shit about them having yet another meeting. http://www.newsbtc.com/2017/02/08/pboc-holds-another-constructive-meeting-chinese-bitcoin-exchanges/Another PBOC Meeting, As Announced Two Weeks Ago
For some unknown reason, the market responded negatively to this new PBOC meeting. No one should be surprised by this announcement, as it was clear the bank would have more meetings with bitcoin exchanges. Just because there is a sit down does not mean bad news will be the outcome. Sources claim this new meeting revolves around AML procedures, although that had not been confirmed. Assuming that is the case, it seems unlikely the outcome can be negative for bitcoin. |
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Hey everyone, i am searching for a BTC wallet for android. I use "Bitcoin wallet" at the moment, its very good i dont have any problems, but i just want a wallet which i can configure more. I would like to have the possibility of doing a RBF double spend. I would like to have a claculator which calculates the size of the transaction approximately, or have the ability of choosing the BTC/byte fee and not the total fee. It would be great if it had the possibility to send to more adresses in one transaction. I hope somebody can recommend me a good wallet  Mycelium can show the size of the transaction, and it has adjustable fees by selecting send with priority. However it won't let you choose a specific custom BTC/byte fee. The linked thread discusses its limitations. https://bitcointalk.org/index.php?topic=1741328.0 |
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Added. Do you know if deposit/withdrawal to/form Kraken are instant with these bank accounts? According to this reddit post deposits/withdrawals are instant because the Kraken has a Fidor bank account. https://www.reddit.com/r/ethtrader/comments/4tyr95/instant_depositwithdrawal_on_kraken/For those of you who did not know.. It is possible to deposit and withdraw € instantly and around the clock 7 days a week from/to your debitcard/ EC Card if you have a bank account at Fidor Bank. Fidor Bank is a bank 2.0 from Germany and has partnered with Bitcoin.de and Kraken.
I am Tier 3 customer on Kraken and the first Fiat Deposit took 3 days. Since the bank account was verified my Fiat transfers are realtime. I deposited Fiat at 01:00 in the morning on Sunday and immediately purchased Ether. When i sell Ether i have Fiat on my Mastercard/ EC Card combo immediately.
I did not see this info on Kraken or in reddit so maybe it is helpful to some of you, especially those from Germany who can not use Coinbase |
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Hi ! i have the same problem with version 0.4.1 i open multibit hd and it never connects to the network and cant see balance or transactions it says connecting all the time, I´ve tried repair multiple times but nothing.
What can i do ?
If you have a phone with bread wallet on it you can import multibit HD keys into it according to this post. Thank you all! Solved this by importing keys into bread wallet. I'm fine with having it on my phone.
If you don't have bread wallet on your phone you can try the instructions below. I successfully tried generating a wallet in multibit HD and retrieving its extended private key using an offline copy of the webpage linked below. https://iancoleman.github.io/bip39/To use the webpage right click the link and choose save as , then press enter. Open it offline in your browser, then click the BIP32 tab below the big Derivation Path heading. Put the text below in the BIP32 Derivation Path box. m/0'/0 Type your wallet words password into the BIP39 Mnemonic box. The page should automatically generate your extended private key and a list of receiving addresses for your wallet. If your Bitcoins are in a change address then repeat the steps above, but type the text below in the BIP32 Derivation Path box. m/0'/1 The page should show you all your change addresses with their private keys. If aren't sure if that webpage is trustworthy it was recommended by a respected member of bitcointalk called dooglus who's a clamcoin dev, and runs a well known dice site. This is the post which he recommended it in. https://bitcointalk.org/index.php?topic=623147.msg12270560#msg12270560You can also scan it at the virus scanner link below to check if it's safe. https://virustotal.comThe only reason I said to run it offline was to be extra safe. It's possible to use it online. but less secure.
With password you mean the 12 wallet words?
Yes
How can I use my extended private key and a list of receiving addresses for my wallet to open my locked wallet? Can you explain this step-by-step?
Use the webpage I linked to in my earlier post. After you have entered your 12 wallet words into it and put m/0'/0 in the BIP32 Derivation Path box the page should automatically display the addresses in your multibit HD wallet together with their private keys. You should be able to see them about half way down the page below the big heading that says "Derived Addresses". If you know which address contains your Bitcoins you need to copy the private key shown next to that address. If you don't know which address contains your Bitcoins then open the blockchain.info link below and starting at the top of the list search blockchain.info for each Bitcoin address in your list until you find the one containing your coins. Don't let blockchain.info or anyone else know any of your private keys https://blockchain.info/After you find which of your Bitcoin addresses contains your Bitcoins copy its private key, then follow these steps. Download electrum 2.6.4 portable from here (because the latest 2.7 versions are buggy). https://download.electrum.org/2.6.4/electrum-2.6.4-portable.exeCreate a new folder and copy electrum-2.6.4-portable.exe into it, then double click it to start the wallet. An install wizard window should open. At the top of it select the "Restore a wallet or import keys" option, then click the "next" button. Another window will open with a box in it that you can type your private key into. After that click the "next" button and another series of windows should open. Leave each window's settings as they are and click the "next" button in each one until the wallet opens. You can leave the password boxes blank, the electrum wallet can work without a password, and its password is not the same as your multibit wallet's password. When the wallet opens it should sync within minutes and show your Bitcoins. You can use it to send them wherever you like. |
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Question:
My laptop is currently undergoing repairs and my Byteball wallet is there too. I synced on the first round. Can I do another sync the next round without having access to my BTC and Byteball wallet?
If you didn't move or spend any of your byteballs after the first round you will get your second round coins sent to your wallet without you needing access to it. If you didn't move your Bitcoins from the address you linked then you will get more coins sent to your byteball wallet without you needing access to it. Second round byteballs get sent to all addresses with a byteball balance, but second round black bytes only get sent to linked addresses, and bitcoin addresses must be linked to claim second round coins. |
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what is goin' with cryptox?
maintaining or overload?..
I don't know what was wrong, but it's working again for me. Maybe it was a DDOS. |
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Why 1337 $ ??
For me will be a little lower than 1100
what matters is to top the previous high. Getting over the previous gox high of $1242 is what matters. That was the Mt.Gox ATH right?! I don't this is relevant. People will look for the Bitstamp and Bitfinex ATH.Only these count! So far there is still some way to go (actual price is ~1050). Really curious if we can break it this time. We already broke the Bitstamp and Bitfinex ATHs once. If we can break the gox ATH it will be all over the mainstream news. Bitcoin reaching the highest its ever been is good headline material. Are the mainstream media a bit bored with bitcoin? I have seen nearly nothing on there and we are way up high in relative terms. The mainstream media is fickle. For a brief moment it's shouting about Bitcoin, then a week later it gets bored with it and moves onto something else. It takes a good headline to get into the news, like Satoshi's been found or Bitcoins are worth $2000. |
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