good idea to go long now?
opened, let's see still remembered the 30k BTC sell wall at $300 that got gobbled up ...... the support at $300 should be quite strong.
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I see this page - http://amhash.com/kaomaoyun.htmit mentioned about residual value of 145 CNY when fee exceeds mining proceeds - but I don't see it mentioned anywhere else, any confirmation on that clause?
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This thing has dragged on for over 1.5 years.......Not sure when it will ever see the light of day.
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Can you all explain to me where you see difficulty shooting up?? Last adjustment was +3% and bitcoinwisdom gives me a +8.5% prediction for the next one. Factoring in the returnees from paycoin, that's absolutely tame.
compare to the prior double digit adjustment 6 months ago, 8.5% is relatively tame. Will we be back to those double digit days or difficulty makes one 'big' jump then plateau as in the past 3 months - it is hard to say. but at current price level, even assuming no difficulty increase, we are talking about 140-150 days to recoup all the investment - which is a long time in bitcoin land. AMHash1 though still seems to be one of the better games in town when it comes to cloud hashing.
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I don't think this is news at all. Seems just some guy rehash some old story.
On the NASDAQ link, status is -> "Filed (7/1/2013)"; under the financials & filings tab, last filing is from Jul 1 of 2014.
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Mining's really in some way a bet on difficulty - those who bought in at the IPO would have very well in BTC terms as the difficulty was relatively stable the last few adjustments.
USD / BTC seems to hold pretty firm at 300 USD which provides a ceiling on the maintenance fee in BTC terms, but difficulty seems to be shooting up again. Having really follow mining closely any more - someone released new chips? new ASIC?
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total swap at $21.8 million but rates continue to slide - I guess someone just lend about $500k at 0.02+ (6.2% after fees)
things are getting ridiculous
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not much buying lately from these guys - probably a holiday thing, but will be interesting to see if it picks up again after the new year
Holidays, plus they got loaded in the 50k FBI auction (it doesn't count for the Fund, though), plus they like to buy everytime price starts to go up, not when price goes down. I thought the FBI coin is bought by another group related to second market but not bitcoin investment trust. Base on the NAV and holdings, it doesn`t look like they are the one who won the auction
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not much buying lately from these guys - probably a holiday thing, but will be interesting to see if it picks up again after the new year
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can someone confirm if OKCoin reopen their P2P lending to everyone? Or is it just to institution depositing a ridiculous sum - last I ask, they want $50 million CNY!!!
ok, just signed on, seems like they reopen the feature - the loan book is quite shallow
fee + the insurance is quite high
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I`m against cloud mining as well. How many actually made money investing their money in cloud mining service?
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OKCoin only allows large accounts to do P2P lending - they took that ability away from the small time investors.
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Yeah, guys. We're at an all time low now in USD swap rate. The effective compounded interest rate has never before been consecutively below 10 % p.a. for more than 24 hours. And we are still at +21 m in total swap amount. I am wondering whether new lenders are still moving into business at that rate. The adjusted risk is not worth it imho. It effectively costs me about 1 % of the original amount to get USD onto BFX. An investment I would recoup in 1 to 4 days when I started lending on BFX. Now it would take more than a month with the clear possibility of the rate dropping further to like 5 % p.a.. And there are other problems to consider as well: Not everybody in Bitcoinland comes from the US so exchanging your local currency into USD incurs significant risk of change in currency exchange rates against you which either needs to be hedged (more costs) or taken into account. While currency exchange risk is virtually nonexistent at interest rates of 50% to 370 % p.a. like we are used to 10 % p.a. in profit can easily be wiped out. The Euro for example dropped nearly that in the last 6 months relative to the dollar. Who is to say that this doesn't reverse eating all lending profits. For the upside potential, well, if bitcoin doesn't reverse its downtrend heavily interest rates won't bump for quite some time or possibly ever and any bumps will probably be smoothed long-term as long as the retarded FRR feature is in place. There is also more and more competition that lets you trade on margin (less serious, secure and well-made than BFX though (yeah, I'm talking about these disgusting chinese futures bucketshops)) so the natural swap demand might continue to decrease even if the supply stays the same. Just a fair warning to all potential liquidity providers. BTC swaps have gotten quite a bit more attractive though (more than double the USD rate at the moment with quite the possibility of the underlying asset to drop 5 % on a bad day though). ....
What you will seemingly always fail to realize is that the FRR arbitrarily decides where this race to the bottom starts because it builds an upper ceiling for the practically achievable rate. When we had the btcusd run-up to 470 6 weeks ago the swap offer orderbook was completely wiped out up to 1 % per day. The FRR that had previously given out millions for scraps (0.08 %) without scaling upwards a single bit because of the increasing demand then continued to shell out the lenders' money for scraps anyway barely adjusting to the vastly different market conditions. The FRR maximum was at like 0.13 % quickly dropping down to 0.09%. Why in the world would I as a swap provider want an algorithm to lend out my money for 0.1 % when I could get 0.9 % at that time? What if the FRR which never rose beyond 0.13 % didn't pile up at 0.09 % (it only did so because of the faulty algorithm it uses) but at 0.6 %? Maybe then we would now be at 0.15 % and not at 0.03 % having wasted 90 % of our upward potential (0 % - 1 %). there's no point debating this - hopefully, FRR hurting of their bottom line will bring them to their senses
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looks like they just came back online
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time will tell ...... also, what does it mean by mainstream? Mom and pop don't trade stocks - but you can't argue about stock market & wall street's power even if bitcoin never goes mainstream, it doesn't mean we can't make some $ out of it.
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I thought most of their coins is in cold storage.
由于机房服务器突然出现故障,导致网站无法正常访问
They are making it sounds like a "data center" / physical hardware issue .......
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In all fairness, the chinese exchanges have a degree of manipulation that dwarfs US exchanges, just like that of corruption comparison in both sides.
US will be the driving force in 2015 and beyond.
Yep. Zero fee Chinese exchanges will simply be ignored once a regulated US exchange with heavy depth comes onboard. Isn't Zero fee a thing of the past?
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I do agree that the FRR acts as a damper...but who is to say it wouldn't work the same way in reverse? It is not inherently downward pressure, it is simply a damper on movements in general. If we were in a huge bull market, a real one, like the rise to 1200, wouldn't the FRR stop the rates from falling as more and more fixed rates were taken above the FRR? I'm not sure I follow you there - fixed rate swaps above FRR don't get taken unless there's enough demand to get the amount offered at FRR down to near-zero. After a big rise in demand that pushes the going rate up high, the FRR might continue to stay high for a while as the average slowly descends, but it wouldn't be able to resist downward motion. Hm, unless there were a huge body of swap demands placed at FRR, enough to keep all the 'passive' swap providers' funds occupied and make it difficult for a trader to get funding unless they go over the top and place their demand higher than FRR. But I feel like that's an unlikely scenario in all but the most extreme cases. Would only be a possibility in the absolute hyper-manic phase of a bubble (or the equally hyper-manic period during the 'first bounce' out of a crash, where people line up to place bets on the bubble resuming), whereas FRR as-is seems to have it's typical rate-depressing effect even in times of small-to-moderate price rises. To some extent, I'm happy to see the rate collapse - hopefully, it'll make BFX realize everything that is wrong with FRR as their cut from the lending fee is drastically reduced as well despite total swaps only being reduced by a small fraction! Hopefully, that'll get the ostrich's head out from the sand!
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