user in Reddit contradicts the news
lol Here is the link to the Ukranian bank's warning. You can read it with google translate. http://bank.gov.ua/control/uk/publish/article?art_id=11879608&cat_id=80928It does not say bitcoin has been banned, merely that it cannot be used as a means of payment in Ukraine. Here's the translation Given the above, the National Bank of Ukraine considers "virtual currency / Cryptocurrency " Bitcoin as a money substitute that is not providing real value and can not be used by individuals and entities on the territory of Ukraine as a means of payment, because it is contrary to the norms of Ukrainian legislationIt also says the National Bank of Ukraine is not liable for risks and losses associated with the use of bitcoin. Here's the translation We emphasize that the risks for use in the calculation of "virtual currency / Cryptocurrency " Bitsoin responsible party payments for them. National Bank of Ukraine as a regulator is not liable for risks and losses associated with the use of "virtual currency / Cryptocurrency " Bitsoin.This - from the googletranslated article, it appears Ukraine's existing laws ban the use of currencies not issued by the central bank for payments, and they've clarified that Bitcoin falls under this category, and is therefore not to be used for payments. It's not exactly a full ban but it's also not just them washing their hands of the matter. |
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Whenever this need aligns with the need for an actual good or service, this debit card would come in handy, even with the fees.
Why? Your bank can provide you with a card, right? |
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So... user is articulate (What does knowing Portuguese have to do with it?) , espouses views fitting your idea of how Satoshi would see things... Must be Satoshi, let's ask the admins to hand out his login stats!
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It's not that easy to do, bitstamp needs pics of your ID, you holding them, and notarised copies of everything with the pics of notarised copies taken at an angle.
That's new, then... |
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it must be that 50% discount if paid in btc on that country singer's album that is driving all this
and all the other discounts out there
and the Russian, you left out the Russians... What about the Russians? |
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Yes, I got that part, although your concerns about cloud mining remain a little sketchy to me. My point is, if you want to get the word out about something, don't bury the message in a wall of personal lamentation. Clarity is important.
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Could you rewrite this, focusing on what it is you claim Coindesk have done wrong? As it is, you spend half the article ranting about how pissed off you are without even a single mention of what you're going on about.
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Can anyone explain how I can open a 10x leverage 3 btc long order on okcoin?
How many contracts do I need to open?
1 Contract = 100 $ Also do x20 or you'll feel like missing out. Alright, but I if I buy 200 contracts now with 20x leverage, that is $1000 And in the future I sell them for $1000, how am I supposed to make money on this unless the bitcoin price would go down?? By selling them for more than 1000? |
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what i dont understand is why price went up after silkroad.2 bust ?
What if price and news are not very correlated? |
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You guys realize people bought 30k BTC @300 on Bitstamp within 24h? To me, evidence is needed to tell that this support should fall, especially when we have had declining selling volume off 418 to 315, which represents a higher low that just shouldn't happen if the bearish momentum was there. This is in addition to the declining asks and rising bid sums.
I have been warning for over a month and harvested only insults and disbelief: that 5th of October was likely a mid term bottom (that much is clear now) and possibly even a long term bottom.
I thought it was obvious to us the bearwhale just ate his own coins. No? No, the ask was up for many hours, there were many buys and Bitstamp was much lower than other exchanges providing an arbitrage opportunity. It's highly unlikely most of it was bought by the seller himself. Yes arbitrage, but there are many reason why he might have indeed bought his own wall. He could have put a large sell order in by mistake, and then feared the price falling due to fear of a market sell if he were to pull it. So he left it there and bought it in order to save himself from that. Thus accidentally (possibly) ending the bear market. That might have happened. I'm not saying it did, but it doesn't seem unlikely to me. To accidentally put up a 30k askwall, you have to have 30k btc on an exchange. Who in their right mind would keep that kind of money on an exchange if they don't intend to do anything with it? |
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I read the article, and nowhere in it does Branson call for tougher rules. At most, he appears to call for a rational approach to cryptocurrency, while diplomatically suggesting self-regulation is not without its merits.
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a couple of tor sites seized =/= entire system collapsing/being government seized
put the Drama-Queen Mode: Off
It's bad. If you don't have a black market, a market that draws consumer demand but where the vendors don't convert all of their proceeds into fiat, then what are you left with? Major retailers (who dump the second somebody spends their coins) and Wall Street (who can make a hell of a lot more money through dumping than pumping... it's easier, less risky, and very lucrative to sabotage). It's bad. It may actually work to your benefit in the short-term, but it is very bad and getting worse -- that much be said. I'm not going to advertise their names, but if you think there are no more (established) Bitcoin taking darknet market places, you are mistaken. How long until the next bust? Will the users have their identities revealed to law enforcement? One bust is a fluke. Two busts is worrying. Three... One may start to think the online drug market business is too risky. |
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Am I the only one cringing? It's like how some Christian musicians, perhaps less endowed with lyrical skills than musical ones, can't seem to think of any other way to convey their message than singing " Jesus loves you!" in slightly varied forms.
The evangelism seems rather heavy handed to me here.
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is it unprecedented for an industry member to pay their fee to the foundation by other means than sending to the public address?
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It's not the buying of drugs online that puzzles me. Seems to beat the alternative of having to deal with potentially hazardous interactions with drug dealers on the street.
What escapes me is how they solve the problem of having to provide a shipping address at some point. That seems like the real weak point to me, as a buyer. (Yes, I know, PO boxes exist, but to my knowledge, renting one usually requires some form of ID).
Anyone knows how the actual customers solve this dilemma? Hoping they stay below the threshold for being targeted by LE?
Is someone sending you a package sufficient proof you ordered said package to base a prosecution on? |
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Bearish. Trade in illicit goods and services is one of the truly unique uses for cryptocurrency. That people involved in the trade seem to be unable to avoid capture casts doubt on the viability of dark marketplaces, and is likely to get their customers to reconsider just how safe they can expect to be.
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+7716XBT. Mistake again? We will see tomorrow
Has anyone checked for correllation between secondmarket published data and market movements? If a correllation exists, does the market tend to lead or follow the publication time? |
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Keep doubting the 5th of October. Keep doubting and supply the fuel! Again: I'm not dissing traders, am doing so myself. But it is interesting nonetheless. At least in terminology, the 'holder' mentality seems to decline in importance somewhat, while the 'trader' mentality is on the rise. I suspect a twofold reason: the long bear market (rewarding thinking in terms of USD profits), and an increasing professionalization of the market.
There are times when many people HODL. That's when it is best to be a trader because the signals will be crisp clear. Other times, many people get into "trading", and that's when it is best to be an investor, because that's when the signals begin to get muddled. So, I don't think this is "professionalization". It's the same as always, fools thinking they're clever and going short after 11-12 months of bear market. I think the demographic has simply shifted. Remember when you could come to Bitcointalk and read about how the mainstream media would never mention Bitcoin because the Banksters don't want people to find out, and anyway the Illuminati would have anyone remotely connected with Bitcoin assassinated soon enough if it keeps growing? (Slight exaggeration here.) The further back you go, the more likely anyone who's bought BTC was mainly interested in the tech and/or political implications, and less in making a profit. Sure, people talked about how the price must go up if adoption grows, but it was much more pie-in-the sky before the first bubbles. Furthermore, anyone still holding from back has likely recouped their -probably modest - original investment many, many times over and is not terribly emotionally attached to the price now. When the big headlines came, it was the price the media talked about. That draws a different crowd, one more interested in profits, and more likely to invest personally significant sums. Also, it would draw people already into trading e.g. Forex markets. So you'd expect the focus to shift from holding to trading and price anxiety. |
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 Yeah... That looks very organic to me. Is this data for real? |
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Soo... about 120 coins to go down to 324 USD on bitstamp, about the same to go up to 347... Of course, the walls dance around like hell.
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