Chinese exchanges stop withdraws and the market goes down by less than $100
Almost perfect
It does sound like a fairy tale doesn't it? With a happy ending now we are living in with the price now over $1000 and nicely rising ever slightly every passing hour. I do think it is the ETF is to blame for this one.  Is it possible that the Chinese exchanges have been faking volumes even since the last talk with PBoC, which resulted in them starting to charge fees? That would help explain why this week's PBoC intervention hasn't had much of an impact. I'm not sure about what speculative point you are making here that is of any significance? Sure, we know that they were extensively faking volume, but after they discontinued margin trading and implementing fees, you want to suggest that they continued to fake volume in any kind of meaningful way that caused further PBOC intervention... that does not make sense. Those exchanges were already on the PBOC radar by the time the PBOC had already intervened to cause them to discontinue margin trading and to implement fees. The later intervention in regards to getting the exchanges to implement AML requirements is just a further intervention along the same theme... the lack of impact of the latest intervention might have more to do with the fact that the intervention had already started rather than the fact that the latest intervention does not have teeth.. because it is a bit of a bad precedent, no? to freeze the ability of BTC holders to move their BTC from the exchanges for 30 days... that seems quite a bad thing if you had BTC on the exchanges and just for the precedent that it potentially sets. Oh good grief... |
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Haven't been here in a while, but were the INCNT sent out already from the ICO to the waves address we listed on ICO page  Yes, but I read somewhere that still plenty of unclaimed Incent tokens are left. They will be distributed at some point in the future. So to make sure you get the tokens put in your Waves adress on the ICO page. The distribution took place somewhere early December when I remember right. Thanks, I sent a pm to the Dev. Still waiting for an answer. For some reason I have two addresses listed and I don't know if they sent them out already because I don't see the INCNT in either accounts. They are still being sent out manually, for security. If you think there's been a problem, contact Pete via Slack and we'll sort it out. |
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the last pages of this post 90% of the post propose to buy when saying that we go ATH etc...
In my experience when many people tell you to buy you need sell and when sell you need buy.
Yesterday i said it will go down but it remained stable, what indeed changed is the buy orders that are dramatically less...let's see how it goes from here...
I think you misunderstood. I was suggesting that retail investors would only sit up and take note when they see prices hit highs. When bitcoin is 'dying', people don't want to go near it. It takes guts to be a contrarian investor. |
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Chinese exchanges stop withdraws and the market goes down by less than $100
Almost perfect
It does sound like a fairy tale doesn't it? With a happy ending now we are living in with the price now over $1000 and nicely rising ever slightly every passing hour. I do think it is the ETF is to blame for this one. Is it possible that the Chinese exchanges have been faking volumes even since the last talk with PBoC, which resulted in them starting to charge fees? That would help explain why this week's PBoC intervention hasn't had much of an impact. I must agree with you on this one. Those Chinese were just trying to trick the West into believing what they want them to believe with more smoke and mirrors to get them in their own clutches for whatever reasoning they have. I believe what will keep the price stable now is the announcement of the ETF by the Winklevoss's and what that could reap for bitcoin by the ones that are not totally convinced of BTC as a viable option to compete with other fiat and assets like gold and silver for that matter. We will just have to wait and see what the SEC has to say now. Nay or yey! Do you guys actually think the people that for some reason want to buy Bitcoin now are waiting with such furious intent to buy into an ETF that on March 11, the money will just start flowing like a rap music video? I believe the money will trickle in at first and the Bitcoin economy won't see any real money for 2 to 3 months after, June-ish.
September 21, 2017 save the dateI'm not convinced it'll happen at all. I am usually bullish on these matters but I just can't see it happening. More then likely, it doesn't happen and then commence post speculation dump Who knows if the ETF will be approved? But if it is there will be a large new source of liquidity at a time when bitcoin is making the news for its ath and use as a store of value. You know dreams are nice to have but the ATH will not be coming in the next 30 days. Probably true. Point is price is towards the top of its historical range and so bitcoin looks like a good investment to most people. And suddenly, here's a new etf that lets you invest in it when nothing else offers much in the way of returns. I'm curious to see how it turns out but wouldn't want to predict anything specific. |
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Chinese exchanges stop withdraws and the market goes down by less than $100
Almost perfect
It does sound like a fairy tale doesn't it? With a happy ending now we are living in with the price now over $1000 and nicely rising ever slightly every passing hour. I do think it is the ETF is to blame for this one. Is it possible that the Chinese exchanges have been faking volumes even since the last talk with PBoC, which resulted in them starting to charge fees? That would help explain why this week's PBoC intervention hasn't had much of an impact. I must agree with you on this one. Those Chinese were just trying to trick the West into believing what they want them to believe with more smoke and mirrors to get them in their own clutches for whatever reasoning they have. I believe what will keep the price stable now is the announcement of the ETF by the Winklevoss's and what that could reap for bitcoin by the ones that are not totally convinced of BTC as a viable option to compete with other fiat and assets like gold and silver for that matter. We will just have to wait and see what the SEC has to say now. Nay or yey! Do you guys actually think the people that for some reason want to buy Bitcoin now are waiting with such furious intent to buy into an ETF that on March 11, the money will just start flowing like a rap music video? I believe the money will trickle in at first and the Bitcoin economy won't see any real money for 2 to 3 months after, June-ish.
September 21, 2017 save the dateI'm not convinced it'll happen at all. I am usually bullish on these matters but I just can't see it happening. More then likely, it doesn't happen and then commence post speculation dump Who knows if the ETF will be approved? But if it is there will be a large new source of liquidity at a time when bitcoin is making the news for its ath and use as a store of value. |
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Chinese exchanges stop withdraws and the market goes down by less than $100
Almost perfect
It does sound like a fairy tale doesn't it? With a happy ending now we are living in with the price now over $1000 and nicely rising ever slightly every passing hour. I do think it is the ETF is to blame for this one. Is it possible that the Chinese exchanges have been faking volumes even since the last talk with PBoC, which resulted in them starting to charge fees? That would help explain why this week's PBoC intervention hasn't had much of an impact. |
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I am sold on the concept. Now let's say I am a third party merchant on Amazon ( Amazon has 2 millions merchants worldwide). Is there a roadmap for somebody like me to use Incent?
Thanks for your interest! A big business like Amazon is a slightly different case. We will be making plugins so that Wordpress sites etc can use Incent easily, but a reseller like Amazon probably won't want to look at this. It's not impossible, but odds on the big players will go down the eBay bucks route. One of the things we've found from our research is that merchants like the edge Incent gives them over sites like Amazon. Take a look at this blog post: https://medium.com/incent-loyalty-blog/first-ecommerce-partnership-4552dd9005a0#.9q99rvm37The CEO of Sure Green liked the idea because he gets hit with major commission fees when he sells via third-party sites like Amazon. When he sells from his own site, he gets a margin of something like 20%. That means he's happy to pay a huge chunk of that mark-up as Incent to get people buying from his site rather than a third party. |
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I would also give more credence to an outfit with more than 22 followers.
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Imagine going to a store, buying some groceries but instead of a traditional loyalty card you show for example the QR-code of your Incent wallet address on your phone. This triggers the transaction to your account (merchants can decide themselves how many % 'cashback' they want to grant their customers). Note that BitScan acts as broker so we buy Incent from the open market in the name of the merchant and send it to you as customer. This is the merchant demand we are always talking about and it also shows how important a number of different and liquid exchanges is for Incent. We need a stable secondary market (which we do our part for through market making) with small volatility. For a more in-depth explanation, please read our whitepaper: http://bravenewcoin.com/assets/Whitepapers/UsingBlockchaintoBoostCommerce.pdfAfter reading the whitepaper, I think the value of Incent is that it is cross-merchant platforms. Like ebay bucks can only be used at ebay, but Incent can be used at different merchants that offer it. Not just the merchant that you earned your Incent from. In essence , it offers liquidity. And Incent doesn't have expiry date. (ebay bucks has 1 month expiry) So this is an advantage both for customers and merchants. Thanks for the prompt reply. Great project! Ebay bucks are a really good example of what we're calling Closed Value (like closed source software). It's 'value' that gives with one hand and takes away with another. So Ebay gives you something you can't spend anywhere else, and that will expire in a few weeks. My guess is that, like most reward programmes, it doesn't do a great deal to foster loyalty. Incent is Open Value. You can spend it with any supporting merchant, hold it for the increase in value (which should come with growing adoption) or, if you want, cash it out on an exchange. It's totally up to you. The cool thing is that the businesses we've talked to grasp that 1) This is not like traditional loyalty, which has more in common with the fiat system. 2) It's really attractive and offers advantages they don't currently enjoy. Like no forward liability, known costs, and incentivising consumer loyalty via a different means that actually respects the customer and gives them the choice to do what they want with their own money. |
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So I'm quite staggered at the lack of panic selling. Ok, we had a $100 drop, which wasn't great, but why isn't it more?
It suggests that there are plenty of Chinese speculators who are 1) Happy to pick up BTC and LTC and let them sit on an exchange for a MONTH before they pull them out, or 2) Who are hoping for a short-term bounce before they cash out, or 3) Who are terrified of withdrawing as fiat due to AML regs.
2) Doesn't ring true for me as I wouldn't expect enough people to support price here, and it's a very risky game.
Anyone have any insights?
Next 24 hours will be critical  If hold 950$ line then go up, if not then go back to 800 Well maybe. But I can't get my head around the fact that the panicking hasn't already been more panicky. I mean, someone says your funds are locked for 30 days and how many will just take it on the chin rather than scramble to get them out asap? Agree.. those news not so good for all traders in those exchanges...  Maybe after month we see new dump.. Why wait a month? They're allowed to dump their bitcoin now. They just can't withdraw. Dumb money dumpted their bitcoins yesterday. Smart money are accumulating taking advantage of this opportunity. This is basically my point. The typical ratio of dumb:smart would usually point to a much dumpier dump. Ah well, probably some explanation involving a badger or something. |
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So I'm quite staggered at the lack of panic selling. Ok, we had a $100 drop, which wasn't great, but why isn't it more?
It suggests that there are plenty of Chinese speculators who are 1) Happy to pick up BTC and LTC and let them sit on an exchange for a MONTH before they pull them out, or 2) Who are hoping for a short-term bounce before they cash out, or 3) Who are terrified of withdrawing as fiat due to AML regs.
2) Doesn't ring true for me as I wouldn't expect enough people to support price here, and it's a very risky game.
Anyone have any insights?
Next 24 hours will be critical If hold 950$ line then go up, if not then go back to 800 Well maybe. But I can't get my head around the fact that the panicking hasn't already been more panicky. I mean, someone says your funds are locked for 30 days and how many will just take it on the chin rather than scramble to get them out asap? |
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So I'm quite staggered at the lack of panic selling. Ok, we had a $100 drop, which wasn't great, but why isn't it more?
It suggests that there are plenty of Chinese speculators who are 1) Happy to pick up BTC and LTC and let them sit on an exchange for a MONTH before they pull them out, or 2) Who are hoping for a short-term bounce before they cash out, or 3) Who are terrified of withdrawing as fiat due to AML regs.
2) Doesn't ring true for me as I wouldn't expect enough people to support price here, and it's a very risky game.
Anyone have any insights?
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Why people really hoping it will raise one day? Incent is for nothing dudes, think about it. You see no one wanted it. For sure the big liquidity is on the big exchanges but not one big player is investing now.
Everyone can send BTC to every exchange during some seconds, so you see no one wants this.
I think you have comprehensively, dramatically and likely hopelessly missed the point. Did you read anything about Incent? |
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sorry sir..my acccount password on wallet address forget..any solution?  Are you talking about the Waves wallet? If so, you should have your SEED backed up as instructed (hopefully). Even if you don't have your password, you can recreate your wallet from this. If you mean your ICO area, then head over to Slack and we'll get Pete on it. We're listing on Tidex today. We'll probably be using this exchange as our primary means of buying Incent from the open market. In answer to the question up-thread, that will happen when the first merchant is integrated at the end of Q1. Additionally, and ICOs we assist with, we can now buy Incent at market in real time. So yes, Tidex doesn't have a lot of liquidity to start with. But we'll be making some  |
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I'm actually not enjoying this price drop. It's beginning to hurt my eyes seeing these numbers.
Today started so well and looked so bullish. It just shows btc hasn't grown up fully and can be battered at any moment. This will not help ETF
Meh. Blame PBoC for this one. Blame Stolfi for the ETF |
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Still the effect of real news is not bigger than the January fall to $800 and lower that happened for no concrete reason, at least until now
I guess the chinese are getting less power in the price, what their next move will be?
Next step would obv be to close a small exchange. Then, after several smaller ones, proceed with the bigger ones. Then go after the miners. Then go after every retailer that accepts BTC. Going after miners will be tougher, at least the small ones. And I understand that there isn't much of a 'real' bitcoin economy in China. Few merchants accept it as payment. It's mostly used by speculators. |
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isn't coins being trapped in China good? less liquidity? we'll be trading with less of a pool of Bitcoins. anyhow... is crypto done?? They are trapped due to AML requirements, so the only way they can 'escape' is to convert themselves to fiat and leave via the front door in full view of the authorities. Someone will buy them, being prepared to wait a month to withdraw them, but they will obviously want a heavy discount for their patience. |
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So... how low will this go?
My guess is it wont dip beneath 900. After that a large move up.
My guess is ~850ish. That is approximately the bottom line of the current mid-term uptrend (not the accelerated recovery uptrend we saw since January). We are pretty lucky that we know now that the Chinese exchanges had less market share than we thought a month ago. So the PBOC actually (probably unintentionally) could help to stabilize the price, because even a complete "Chexit" would not mean the end of Bitcoin. @molecular: It's quite understandable -- most of the dumpers would like to withdraw CNY now if BTC is not possible ... It's like Gox, only in reverse. You can only get fiat out. As a result, CNY will see a very small rise in value today, just like Gox traded BTC at a premium |
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full mode has some problems that we are looking to fix in the next release.
Basilisk mode works better in Windows
You can check your balance from kpx.io
Ah sorry i dont know, i can see my balance now on basilisk mode Is it safe to send on basilisk mode? Hey! Look at that. Me too |
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It seems they're trying everything to keep it from rising past its ATH.
I wouldn't go that far just yet. Today's fall wasn't as colossally dumpy as last time's 24h trip from $1166 to $840. Let's wait until PBoC tax exchanges on 110% of profits first. |
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