That's not what I understood from OP. It seems that banks are forbidding people to send money to MtGox.
So when they say 'Bitcoin dealers' what they really mean is anyone in Israel? Can OP please confirm who is restricted from doing what. |
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lol, from bitcoinity:
last trade: 4 minutes ago.
Mtgox lag: 8 seconds.
wat.
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Welcome to the UK. This has been the case here for years.
Note that it doesn't prevent Israelis from wiring money to mt.gox from their personal accounts. It just means there won't be legit bitcoin exchanges based out of Israel.
Still a scum-bag move, however.
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Buy at BTC-e for USD 146, sell at Cavirtex for CAD 182.
That's free money people. Too bad I'm not set up to do this.
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Yes, this is legit, I posted screenshots from my account yesterday.
By the way, the difference here from an option is that there is an obligation not an option to execute at strike price, and it costs you ~30% of your position to roll the bet into the next month.
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10k BTC could currently swing the market between $210 and $290. Seems pretty thin to me. If we are not careful, as was mentioned upsteam; someone could play with this market like a rag doll. I hope everyone has taken their travel sickness pills.
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Well, apparently they are getting more serious about transitioning from vaporware to real product: Very important, if you have a connection here I will repay you many times over: We need to talk to someone fairly high-up at Hyosung Nautilus. They are one of the only providers of a bi-directional, high tech ATM machine. We need 200+ asap.
Where did you get that quote from? I'd like to read the source. |
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How large part of bitcoin economy is fully done by bitcoin not, fiat->bitcoin->fiat?
In theory it shouldn't really matter. The more people there are doing fiat->bitcoin->fiat purchases, the more people will be holding a transient bitcoin float. These people are accidental hoarders. Just like the countries that buy USD just because they want to buy crude oil, it still helps the dollar. |
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I don't understand what exactly Exante need Max for, other than advertising. Is that the deal? I'll go on tv and tell people about your hedge fund for a 2% fee. How does RT not ban this crap.
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I agree with the OP in the main. Let's look at the numbers.
blockchain.info wallet users are groing at 1.5% per day. that's 56% per month. I'm pretty sure that outpaces the ramp up that facebook saw.
I think it will continue to grow, but the current pace is going to be hard to maintain due to the barriers to entry. When the Mt.Gox queue gets north of 20,000; people will just get discouraged from the whole process.
We could see exponential growth morph into a linear ~3000 new users a day growth.
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502 errors on bitcoinity.  |
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Exactly.
I'm curious about all these wall street types that wanted to short bitcoin on Apr 4; was it theirs or their clients money that they wanted to lose 60% on and counting? Perhaps they were particularly astute and saw the bubble early, shorting at $80, $60, $40? How much money would they have put on this 'no-brainer'? Who knows?
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Just digging into the numbers now.
Spread is clearly painful ~25-30%
ignoring that for a second. A GBP 10 bet requires 570 deposit, overnight 10% move in bitcoin would have yielded 100 in profit, so I make that 2x leverage. This sounds about right for a market this volatile, most liquid markets on IG allow much more leverage than this.
The important thing here is that it's capital gains tax free.
I wish the periods were longer as rolling a position monthly is going to kill you here. These guys aren't stupid.
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This is FANTASTIC news! From my trading platform:  |
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http://www.ft.com/cms/s/0/3df01184-9d3d-11e2-88e9-00144feabdc0.htmlmust have missed this one. It was linked in the 'Editor's must reads' circular email today. April 4, 2013 9:00 pm
In Bitcoin, a virtual “currency” outside the purview of governments and banks, gold has a rival for the affections of the disaffected.
And while the Bitcoin bubble has inflated since the bailout of Cyprus, gold sold off sharply, heading close to bear market territory. It is down 19 per cent since its September 2011 peak, and accelerating.
Of course, Bitcoin is hardly the culprit, since the currency remains a niche pursuit, to say the least. Large financial forces have combined to sour the outlook for gold, and none seems likely to abate soon.
Even the writers of the GFMS gold survey, which gamely predicted a return to the mid-$1,800s by the end of the year, compared to $1,547 yesterday, gave their prediction an air of a “last hurrah” for the precious metal. Worries over the eurozone, the US fiscal situation and the global economy, all of which have driven gold higher, will abate, GFMS agrees – just not yet.
Sentiment is shifting faster, which is why European brokers in particular seem ready to call time on gold’s bull run. Gold, which trades in dollars, is getting relatively more expensive and that is a trend unlikely to reverse.
The Bank of Japan may have arrived late to the drunken party that is quantitative easing but new governor Haruhiko Kuroda has immediately ripped off his shirt and started dancing on the tables. The European Central Bank and Bank of England governors are hanging around the drinks cabinet, with varying enthusiasm. Federal Reserve chairman Ben Bernanke’s next move, by contrast, will be to dilute the US punch bowl.
That contrast – and the plodding improvement of the US economy – explains why the dollar index is up 5 per cent since the end of January.
Gold traded essentially sideways throughout the Cyprus crisis, a poor show for a supposed haven.
It might not be possible to short Bitcoin, much as you would love to. Gold, however, is a different matter. Edit: date typo
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