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It's crazy how quick China can change things. I guess when you have 1.4 billion people... Another interesting graph:  Are there any Chinese on Bitcointalk (or Chinese speakers) who can provide insight into what's going on? I'm in Hong Kong and trading bitcoin on many different platforms, both Chinese and Western The volume spike in China is related to these reasons: 1. There is an ongoing price war in Chinese markets. Many platforms, including btcchina, the biggest and oldest one, have zero trading fee. Therefore it is a bit unfair to compare their volume with other Western markets. 2. Chinese BTC exchanges have the best integration with fiat transfer system. Taking btcchina, the biggest exchange as example. Users can transfer fiat from any major Chinese bank to the exchange instantly with zero fee. Therefore, depositing BTC is literally faster and cheaper than depositing bitcoin (as the user may need to pay 0.0001BTC as network fee, while depositing fiat is absolutely free). To withdraw, only 0.5% is deducted and in most cases it will arrive in 24 hours. No daily limit. No AML or KYC. All you need are accounts of any major Chinese bank and Tenpay (the Chinese version of Paypal). 3. The volume of some platforms are suspicious. I personally trust the volume figure of btcchina.com, bitxf.com, and rmbtb.com. Not saying that the rest are not legit, just I have never traded on them. The volume on btc100.org is high probably because they are giving share of the exchange to traders. btc008.com is a known and ongoing scam. 4. It is very difficult for Chinese people to obtain USD and wire to Western exchanges, so they have to pay premium in Chinese markets. Although it is easy for me to deposit to btcchina, I'm only buying at btc-e since the price is much lower. If I had to sell (but not now), I will definitely do it on btcchina. (This is the advantage of Hong Kong as we are the gateway between China and the rest of the world) Interesting, good info  |
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When The Fed prints more money that money finds the path of least resistance, which in the case of the US is the stock market and other government subsidies like housing (why not buy a house with 0.something% interest rates). The stock market is not rising because of the fundamentals, if you debase your currency of course the value of stocks denominated in that currency will rise because the purchasing power you have invested in them has diminished. I don't really care what Wells Fargo has to say but at least they're saying what they think. In the past the USSA gov has sued ratings agencies http://www.theguardian.com/business/2013/sep/04/standard-poors-us-retaliation-lawsuit because they dared excercise their right to rate a soverign state on what they percive as it's riskiness. Sorry, can't do that anymore, just get told what to say. |
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The word "shutdown" is pretty fricking misleading.
60% of employees are still working. The remainder are on unpaid leave and every time this happens, they end up getting back pay after the shutdown is over.
80% of the money is still being spent. This means that even a "shutdown" US Government runs at a deficit.
It's political theater, and not much else.
Yep, also it's the media and both sides of the house creating such hysteria so they can step in at the last minute and save us from a crisis of their own making and look like people that care about 'jobs' and 'families'. What a joke. |
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Peter's great, but he doesn't understand bitcoin or any of the technicalities behind it and why it's so great. He has a vested interest in promoting his metals business and that's all well and good. I think hes a great advocate for libertarians and is right on most things, he just needs to stick to what he knows.
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You don't think the thread would have been full of people picking out all the more extreme statements from the interview, and thinking that they were good reasons to mistrust her opinion on Bitcoin?
I would prefer that she never mentions Bitcoin. I think we should get all the tinfoil hat types in a big room and get them to decide once and for all which one of these groups secretly controls the world: Freemasons Illuminati Rothschilds Skull and Bones Trilateral Commission Vatican Nobody   +1 |
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I don't know about tons of gold being stored somewhere, it could be true but maybe not. But a lot of what she's saying is absolutely true, not just the corruption going on at the highest level. Don't discredit her just because of a few things that may seem unbelievable to you. Someone who comes out with things like this: They are not given the basic information about what is really going on and who is benefiting from the economies that they are being told… they are being told that they have no money, they have taken an entire city, Detroit, and declared it bankrupt. When what’s actually happening is their tax dollars are not even staying in the society, their tax dollars are going by treaty to the United Kingdom, and then they are being transferred to the Vatican, to the bank of the Vatican. This is not a society that is going to be sustainable on any basis, for any reason. Just sounds plain nuts, so why should I pay any attention to anything else she says? Yeah Murraypaul is correct. She's a nutcase, after saying stupid shit like this I have no need to listen to anything else she says. Ok, she worked at the world bank, that doesn't give her anymore credibility in the nonsense shes saying. I agree, and many of us on this forum agree that the US dollar is heading for default and there are shonky dealings going on in the background in the finance world. But just because you believe that and she said a similar thing, doesn't make everything she says a miracle and theres a conspiracy or insider knowledge. Too many crazies on this board. |
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You should be watching this thread on Gox https://bitcointalk.org/index.php?topic=179586.0 some people are waiting 3+ months for withdraw. Theyre terrible and if you have money/btc in there, withdraw it in form of BTC and sell it elsewhere. BitNZ last I checked seemed fine, do a forum search on them. I think Coinjar.io accept NZD deposits and withdrawals though, check it out, theyre a professional operation. |
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Payment received thanks John K
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Have 1.5th in hand now, looking for more offers!
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Great idea, everyone send in emails/ tweets lets get this rolling!
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Still waiting on John K who has a large amount of BTC of mine in escrow, anyone have an ETA on when hes back?
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Bump for interest. Price reduced 27K!
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Hi John,
I have been awaiting the release of my escrow with you for a few days now. Please check you PMs.
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Where are you located at? And do you have these units in hand? that'd be great. But why sell if it's very profitable mining now?
I am making the bet that it will be more profitable for me to sell than to hold onto it. A buyer would obviously think otherwise, so it's up to them to make that decision. See my ad, 1T/H is in hand and mining. 500g/h to follow. They are located in a facility in KS where they are hosted. |
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that'd be great. But why sell if it's very profitable mining now?
I am making the bet that it will be more profitable for me to sell than to hold onto it. A buyer would obviously think otherwise, so it's up to them to make that decision. |
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The price is for all 3 500g/h modules, I have got some interest and am open to offers- this is not one of those 30k orders ordered in 2013. This is a July 2012 order that is nearly complete and is therefore the best value minirig proposition around.
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Hi, I am looking to sell my BFL ASIC Minirigs, currently mining with 1T/H (2 x 500gh) with 500g/h to follow. Price is 35k USD in BTC. Using Escrow services by John K. Please only serious offers may apply, you can see my ad on the BFL forums https://forums.butterflylabs.com/classifieds-478/ Please PM for more details. btctraderr |
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Satoshi's Original One
This |
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Since GBP are sent using SWIFT, they are likely in the same ballpark as USD. The bank only allows them 10 wires a day and they are prioritizing to people who pay a 5% withdraw fee.
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