Anyone here know if Coinfloor will open up the London GBP exchange - was suppose to be 5th Nov, but I think software 'fireworks' screwed it up...
Currently re-evaluating software - but no news just now.
Be good to see a proper London Exchange, will help bring a lot of GBP into the market.
Anyone know any news?
Coinfloor's performance so far has been less than competent, from where im sitting. Shame.  Yep - shambolic - but it's so much hassle trading from GBP into BTC and back, surely London must catch up - and it's got easier 'laissez faire" regs than US.... Have you / has anyone used velaexchange? |
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Anyone here know if Coinfloor will open up the London GBP exchange - was suppose to be 5th Nov, but I think software 'fireworks' screwed it up...
Currently re-evaluating software - but no news just now.
Be good to see a proper London Exchange, will help bring a lot of GBP into the market.
Anyone know any news?
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Yeah maybe I am missing something obvious, but can you not do a normal SEPA transfer by going into your bank branch, or even online with some banks?
Am with co-op - no option for Sepa... Will try wire if that is the only way, but I think I will get thumped for much higher charges... Transferwise was very cheap...! I am verified had to be to get last lot of BTC moving around a little. I will have to although rumour has it Stamp is virtually down at the moment - can't cope with trade volumes and is way behind on transfers in non-euro currency. I will try bank to them, I guess - but I was hoping for an OK Pay or Trasnferwise type solution... Cheers! K Unfortunately companies like that have a history of getting shut down because of AML concerns, etc. If you want to do regular transfers, maybe you should consider opening another bank account with one which has cheap SEPA and wire fees just for bitcoin exchanges? And if you're concerned about bitstamp, consider some of the other exchanges, Kraken looks very promising and I believe a UK-based exchange just opened up as well. Thanks - will look out for a UK exchange. Can only do transfers over the phone at Co-op (which I don't like - one key stroke wrong and it's a big risk) so I am opening a new bank account... Do you know if money has to come in from an account in my name, mate - can't see on Stamp's FAQ... |
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[
I have orders at Stamp for the rest of my fiat down to upper 400s - but I don't want to be left in fiat when new cash comes in.... The bears have another 96 hours or so, MAX. I want to be all in BTC when the noob cavalry with the investor artillery comes riding over the hill.
Bear market will be done soon, then the medium / long bet MUST be UP if the exchanges remain (reasonably) reliable.
Have you seen Stamp's order book? Bid's have exploded. 12.75 mil now. I would be worried about being left with that fiat if I were you, the money is pouring in. It's only a thousand bucks just in case I need to sleep! Mostly on Stamp and as usual on gox I am all coin.... it's a contradictory bet, I know - but til morning, it stays - it's annoying not be able to buy more if the opportunity arises nice and cheap. The bears aren't done quite yet. But I can see they will be before too long - bulls had a good run, but they will get their breath back soon, with a fresh army to back 'em. A little early for a 'Choo Choo' - but I look forward to the return of amusing train picks - if not rockets just yet  |
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lol, I know what happens next  BTCChina implements withdrawals in western currencies and the US craps its self trying to compete Have you tried the site yet? It's actually pretty nifty. Don't need to be verified to trade coin and don't need a bank account either. How do you get currency out (since you are in an arb opportunity)? |
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Bull..? Bear...?
Both can't be right.
DOWN!!! (I pray) I am pretty much all in coin - don't like Gox Bux and I have a couple of coin's worth of fiat in Stamp. But I have bought on the way down and can't get money in fast - like many I suspect. So I can basically only ride the storm and HOLD. If you are quite positive it will go down you can sell a few and buy back in lower. I have orders at Stamp for the rest of my fiat down to upper 400s - but I don't want to be left in fiat when new cash comes in.... The bears have another 96 hours or so, MAX. I want to be all in BTC when the noob cavalry with the investor artillery comes riding over the hill. Bear market will be done soon, then the medium / long bet MUST be UP if the exchanges remain (reasonably) reliable. |
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Bull..? Bear...?
Both can't be right.
DOWN!!! (I pray) I am pretty much all in coin - don't like Gox Bux and I have a couple of coin's worth of fiat in Stamp. But I have bought on the way down and can't get money in fast - like many I suspect. So I can basically only ride the storm and HOLD. |
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Bull..? Bear...?
Both can't be right.
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Bitcoin doesn't need to be a currency to be successful. It will in fact be wildly successful even if only functioning as a store of value, the tax havens amounts to trillions. The first phase is speculation and this is where we are now... people believe in bitcoins future potential and that is what drives the price up and the large market cap will make it viable for large fortunes to be stored in bitcoin, eventually it will stabilize at much higher prices. At that point it will work well as a way to settle debt even if we're not able to do as many transactions as other networks I don't think it matters. Micro-transactions can happen off-chain, big money stored safely away from government and bankers.
How can big money be stored away safely if bitcoin is still tied to fiat currency? If fiat currency collapses, bitcoin no longer has anything to compare itself to, so how would we express value then? Using valuation in bitcoin itself? How would that work since there's a limited amount... bitcoin to hookers&blow ratio wow, well alright then  It was more about Utility and judging value and adoption around the world - it was also tongue in cheek - but your post reminded me of the Hooker Point theory.... |
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Bitcoin doesn't need to be a currency to be successful. It will in fact be wildly successful even if only functioning as a store of value, the tax havens amounts to trillions. The first phase is speculation and this is where we are now... people believe in bitcoins future potential and that is what drives the price up and the large market cap will make it viable for large fortunes to be stored in bitcoin, eventually it will stabilize at much higher prices. At that point it will work well as a way to settle debt even if we're not able to do as many transactions as other networks I don't think it matters. Micro-transactions can happen off-chain, big money stored safely away from government and bankers.
How can big money be stored away safely if bitcoin is still tied to fiat currency? If fiat currency collapses, bitcoin no longer has anything to compare itself to, so how would we express value then? Using valuation in bitcoin itself? How would that work since there's a limited amount... bitcoin to hookers&blow ratio I proposed this back in June (If I may quote a flippant post I made back then): BTC Utilty "The Hooker Point" July 06, 2013, 11:07:42 AM Reply with quote Edit message Delete message #1 I just posted this on a topic elsewhere, but I wanted to give it a thread of its own as it is about BTC price and utility which are fundamental concerns to us all: Quote from: tokeweed on July 06, 2013, 09:26:13 AM i cant even get a hooker for btc. This is one of the most insightful comments I have seen on this forum for some time. As someone interested in economics, I think the establishment of a measure for the adoption level of a digital currency would be useful, and I think 'The Hooker Point' is perfect for it. If we take an average city of (say) 100,000 inhabitants we can deem it to have reached this point when it is possible within the city's limits to find a locally available defined sexual service directly from a provider (without a 3rd party exchange involved) with a given currency in a (controlled) 24 hour period. So a country can be defined by how many Hooker Point cities it has, or what proportion of its qualifying cities have reached the Hooker Point (for BTC). Comparisons can be made over time and against other countries. Since currencies go back to pre-literate times and prostitution is the oldest profession, it is a measure likely to remain current for the foreseeable future. Further comment on price and utilty: 1. Market prices fall when more people want to sell than buy, and prices rise for the opposite reason. 2. People's choice as to whether they wish to be a buyer or seller is affected by their needs (entering or leaving a market due to the need to buy or sell what the market trades) or for reasons of sentiment (optimism or pessimism about the market price). 3. Although economics supposedly deals in rational situations in the market place, it is a fact that markets and sentiments are not necessarily rational. A herd instinct, or copying instinct means that people often buy because people are buying - or sell because people are selling. 4. At present BTC has little practical utility (see 'Hooker Point' above). Therefore, the market for it is much more heavily influenced by sentiment than other markets. Since most people do not need to pay their rent or buy food with it, its value is almost entirely based on sentiment. The only conclusion a rational person can reach in the light of the above is that any price predictions for BTC are very likely to be completely and utterly useless. |
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I believe BTC should be in the $150 range. There is nothing to support any higher of a price.
What makes you say that? Because at this point there are a lot of exciting projects in the works for BTC. Key word in the works. One ATM and a letter from Bernake saying BTC is legit and we can't really regulate it doesn't make it worth $600. I am willing to place a value on the speculation of what could happen but until it does it's not. Look at it this way; If I asked you to invest in my company that had some great projects in the works that will make us billions would you give me a billion dollar valuation right away or would you want to come in at a more sensible valuation because we are so early on? You're not going to make an investment based on what it could be, you will invest on what it is. How about if that company had developed a universal cure for cancer with apparently no side effects and just had to go through FDA approval and marketing? I agree. Saying its "In the works" does not mean it shouldnt count. Also, down we go? Some things are worth what is perceived as their potential. Otherwise - why did the Twitter float raise so much. Whatever you think of Twitter it is only an 'app' and it has NEVER made any money. Bitcoin is a potential world currency - it is way more important than an 'app'. Do they have US Senate hearings about Twitter? All price guesses are beyond easy prediction, however BTC is the market leader in the potential future of a new paradigm in the world of currency. Yes - it is massive win, or potential fail - but is not worthless. Potential has a price, or why would anyone bet on sport, shares or anything with no truly solid tangible value? I don't think Bitcoin is going away, it is potentially truly massive in what it can do to in terms of changing the game of the entire world's money and means of exchange. It may not be the only decentralised digital currency - not even the best. But it may well be the first that makes a difference.... |
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Yeah maybe I am missing something obvious, but can you not do a normal SEPA transfer by going into your bank branch, or even online with some banks?
Am with co-op - no option for Sepa... Will try wire if that is the only way, but I think I will get thumped for much higher charges... Transferwise was very cheap...! I am verified had to be to get last lot of BTC moving around a little. I will have to although rumour has it Stamp is virtually down at the moment - can't cope with trade volumes and is way behind on transfers in non-euro currency. I will try bank to them, I guess - but I was hoping for an OK Pay or Trasnferwise type solution... Cheers! K |
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I can't get any money in to buy - spent all gox bux, nothing left in stamp - and it just takes too long to get funds in. Used to use transferwise to get money into Bitstamp - but that is now impossible, I have no way of getting funds in within a reasonable time frame (even if the damn exchange was functioning!) We can be bullish (I am) but if noobs and even people like me can't buy..... Where does the cash come from to push the price up in the next 3-5 days? Agree when the new money floods in it's gonna fly, but meantime it's frustrating to be unable to buy more  I am watching, powerless to join the Spartans who have held firm and join the fight to take on the bears.... * *Mixed metaphor, but you get me. |
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I used to use Transferwise - which is great, but they won't transfer GBP (via Euros) to any BTC exchanges anymore (or so it just said).
Want to get sterling form UK bank into the system, used up my goxbux, so I figure getting in via Bitstamp. I have an account there, but how does smart money get it in...?
Help appreciated!
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that's from yesterday Sorry - Google said '15 mins ago' I stand corrected... |
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A lot of us might want to buy - but getting money in to take advantage of this is not easy... It's the money IN that is playing - I have bought all I can, no goxbux left (natch) and can't get money into stamp or gox for days....
Frustrating to leave whales and bears to play without running at them with a sharp, pointy pile of cash...
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Popping 800 is no big deal anymore, watching it climb back up is just relaxing after all the fun. When the Senate news thinks in the news buzz will bring many more in. Couldn't manage to grab coins in the low 600s, but got some in the upper.... Just a few - but dip increased my stash - happy day. Now wait for $1000 |
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Hold your nerve - buyers a plenty!
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Just been watching fiatleaks money flow - showing no bitcoins into CNY - but lots into USD... Just wondering are the Chinese somehow buying in USD and selling in CNY?http://fiatleak.com/Is it just no data? Anyone tell me what's up - maybe take a look? EDIT: I mean CNY into BTC - late evening here! Yes, there is a notable Chinese population in Vancouver, and I have been told they are buying XBT and selling in China, still something is driving demand, (may be Pump and Dump with a lot of energy) . And looking at CaVirtex I'm sure lots of the coins moving to China are coming from Canada. Fiatleak shows NO CNY, but EUR and USD a hell of a lot - looks odd, very odd.... It ain't slowing down - people are selling into it, but I can't see the incoming slowing - bumpy ride in progress, but hold tight! |
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