You withdraw fiat from btce?? I've always sent to stamp for that. Which method do you use and how is it like?

Do any of you guys who only use "10% of coins for trading and 90% in cold storage" or whatever the ratio is find it frustrating every time you double up the 10% but missed the opportunity to double up the rest of the 90%? If I did such a thing it would feel like a huge loss to me.

Yes I agree. The bid depth on gox is much less significant now that you cannot withdraw. The fact that there are $35M bids there now (up from $22M in april), means that in the past 9 months at least $13M has been deposited there. That is it. Meanwhile with the bid at stamp growing from $1M to $21M, it means that at least $20M has been deposited but probably MUCH MORE if you count WITHDRAWALS - it could be more like $200M has been deposited at stamp. All of these services including coinbase, ATMs, and bitfinex interface with stamp and I think bitfiex alone probably has to do this biweekly batch transfer of millions of dollars to stamp.

It seems that right now many us of believe that the volume and depth on exchanges doesn't matter anymore because the big trading is being done by whales and firms off of exchanges. Or at least the market is being fueled by the impression or the rumor of such.

In this thread, please post any evidence or proof you find of confirmed whale trades and perhaps standing offers to buy or sell large amounts of coins. You can also post any evidence of what the whale intends to do with their coins (hodl or dump).

They have increased but not enough. The btc amount local to the price is very low. High volume would eat through all these bids like butter.

The real reason for the current price can be found on the ASK side.

It would be really easy to see 500- again if something else happens in china and huobi starts going down or the Chinese exchanges get shut down. Basically all the exchanges are still slaves to the huobi manipulation and without it there is no real support. The order books and volume are a joke - so tiny compared to earlier last year before china. We have trained our eyes to see 1,000 order in the way that we used to see a 10,000 order. When the shit really hits the fan in china then its game on.

The advantage of western union is anyone can walk in with their fiat and send money, and they also don't need to understand anything about how it works. Btc cannot possibly replace WU on its own because it does not transmit fiat. In order for btc to function as WU you also need to integrate some kind of fiat/btc exchange service. Even in this case btc is not replacing WU but only part of a system that like WU and it also likely to be too much for the average user to bother with.

This happens when shit happens in China and the Chinese pump manipulation enchantment is broken - price falls until it approaches support levels on real exchanges indicated by an increasing volume on the real exchanges .

What it is this new attitude that btc is like a stock and only responds to news events? In the past years, btc would move plenty on its own and we didnt need news - we just used TA. Sometimes businesses and users just have a bunch of coins they need to unload to retrieve fiat or pay invoices. It is a transactional currency that is used for business and not just speculation, and even many of the speculators are following TA or their own needs and whims - not news.

I don't think its fake, just a lot of bots in play and the fee is low compared to other exchanges. I've been able to do large trades there just fine. As for the speed, I always thought it was the vodka-powered Russian engineering. It really is a great platform to use. When the shit is hitting the fan(high volume), you can count on btce to run like a well-oiled Russian nuclear war machine while all the other exchanges crap out.

Btce users will point out a 100btc trade on gox while ignoring the 1000btc trade that just happened at the same time on their own exchange.

Train
Rocket
Boat
Moon
Oort cloud

I think I'll stick with the whale temple.

There are 11,012 users logged onto btce right now.

So my call is being answered by the FBI whale?(or at least panic about an FBI whale)   I never imagined.

Traders who play 4 hour charts.

Time for me to take another big withdrawal from stamp. Usually takes about 3 business days.

The trollbox is going nuts about this news. I dont understand why:

Vouchers - old news

Modified fee structure - means what, the manipulators can play again?

Reduced withdrawal fee - irrelevant, maybe even bad news.

Why does it seem like btce is the market leader today?

You never know whether it'll be btce or stamp with the crazy trading. It can be either one.