Or another view is that someone WANTS China to be misinterpreted. Corruption is rife, I have to wonder which chinese officials were holding BTC, and which ones sold just before the announcements (And for that matter which ones are buying back as we speak!). Another cynical view would be that it is well recognised that wall street was reaching acceptance of and looking for an entry point into BTC, so is this a manufactured entry point? Judging from the rate of BTC buying in US http://fiatleak.com/ I would suggest the latter is happening. Unfortunately the type of tracking we have in the stock market that helps prevent these kind of activities, is completely absent by design in BTC. I believe if governments want to regulate this market (for the greater good of BTC) that would be a good place to start, at the exchanges. Interesting post. How about this: China thinks their yuan is on its way to becoming the major currency so they want to stop anything that might stop that. On the other hand, the US thinks the dollar is waning so if they can regulate and take charge of the BTC market the US can maintain a grip on currency. |
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Any tips for memorizing periodic table? I always had a tough time with that in school and I think I'd like to have a better understanding of it. Thanks.
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123 posts as of now
I want to do it again for another month, thanks a bunch!
I signed up again (see above). BTC address: 1F3ydE26c9nCiSsUKFHtNM4UzhHaCFwdzq |
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Wow. Keyer I can't believe you have finally response after literally WEEKS of not putting out some sort of message about what's going on. There is NO WAY there is only a .01 percent error rate. Why wouldn't you tell me this information while I'm waiting for a paper withdrawal? The money is still in my account so why are you claiming the error lies with someone else?
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LOL sorry OP that is sad. But we never know what's going to happen in the future.
I wish I had not sold like 6 months ago, although it's coming down to a more reasonable price now.
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Where do people go for e-sports results? Is there any way to watch them live?
if you have bet on e-sports then you can check this in bets what happen to your bets and if you want to check only result then I think this is not available Well, yes, I know I can check on it in bets, but where do the results come from, and/or is there anywhere to watch live? |
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get ready to panic buy on bitstamp  Looks good, Chinas at a wall but buying and a bit of resistance at btce but getting through it  I wouldn't be shocked if China had a lot of selling pressure compared to other countries for quite a while now, if they really do have to get out of BTC and withdraw. |
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2 in a row on NHL that I've seen here, let's have some more please!
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I'm trying to go to site and it just keeps saying connecting to server. Also, how do we get a freeplay? thanks
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It's my understanding that the China entities have until sometime in January to cut off ties with BTC processors. So it could either crash now or there could just be downward pressure for a while due to the Chinese selling. However I bet many Chinese have other ways to buy BTC, unless the gov. blocks all BTC sites, which I have not heard about them trying to do.
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Where do people go for e-sports results? Is there any way to watch them live?
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I think it's a real gamble to invest heavily to mine BTC at this point. I mean the price could go down, or it could go up, but really that's what will matter to you. If anything, BTC price has shown us that it won't be the same 6 months from now. You'd have to bank it's going up and then it will cover your investment and electricity. Unless you're getting free electric or doing it as a hobby.
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Thanks
deposit address: 1KikGMLovRbzMyXBvgAw3M19m7DW6dBgvK
user ID: 2766
there is a .0005 withdrawal transaction fee?!
feedback: when you click on "max" in the betting side, I don't want it to say "1 BTC", I want it to be the max amount I have available in my account. I think this is pretty standard.
bonus credit due to instant withdraw...its need a tleast .0005 fee...u can check blockchain api ...credit...i will change it soon... Thank you, I received the bonus and I'm trying it out. The rolls are a little "slow", like there is a delay. I think most people would be ok with slower withdrawal as long as there is less transaction fee. .0005 seems steep, compared to other dice sites. thank you for bonus though, I will keep an eye on your site! |
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123 posts as of now
I want to do it again for another month, thanks a bunch!
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I'm a lawyer in Massachusetts and federal court. Has anyone bet tried this? I can perform legal services in Massachusetts only. I mostly performed civil work but can advise on criminal matters but know that i am not as experienced. Has anyone ever tried this and been successful? I don't think there are any ethical issues, is anyone aware of any?
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I keep telling you - divide your bitcoins across different services/exchanges/wallets and you will be spared these dumb mistakes
Yes I try to do this as well. I get nervous Ben sending tc worth a couple hundred dollars. It all seems very new and almost anything seems like it can happen in the btc world. At least for now while it's newer |
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Is it wrong that I am more comfortable on the way down than I was on the way up....
Haha I've had that feeling before. It's like when it's going up there is the pressure of "should I sell" and "wow I'm making a lot of money". Then on the way down its like ok I can buy more, I just need to sit tight and not do anything. I'd be interested in the psychology of it. |
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Interesting how this doesn't seem to be an uncontrolled freakout crash unlike the last time. I dont expect it to go all the way back to like $200. I think there are too many no time players who bought high
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I think if you are interested in bitcoin it would be fine to dollar cost average into it. But don't buy a huge bulk of it here as it could go a lot lower.
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I actually heard something different - I heard it was a misrepresentation from our news outlets. The last several days have been particularly volatile for new watchers to Bitcoin. The price of Bitcoin peaked out at over 1.2 mBTC ($1,200 / Bitcoin) on the fourth, but following warnings from the People’s Bank of China, the price tumbled to .576 mBTC ($576 / Bitcoin) before correcting upwards to .860 mBTC ($860 Bitcoin) on Sunday morning trading.
Those who have followed Bitcoin since it’s inception may look at the recent fluctuations in price as somewhat tame, but much has been said and alleged about what’s going on in China.
China has most certainly lead the rise in value in Bitcoin these last several weeks. Bitcoin Magazine put a pin in it yesterday:
First, it is important to note what the immediate causes of the price crash were. Although no one has access to an alternate universe simulator, and so we can never truly know what would have happened had certain events gone differently, certain facts about the Bitcoin economy allow us to make solid educated guesses. First of all, the bulk of the rise from $125 to $1000 was backed by Chinese speculation. Evidence that China was “leading the rally” is plentiful, ranging fromtechnical analysis on price movements around the time when Bitcoin broke through the 165 USD / 1000 CNY level, to BitcoinQt download statistics showing China climbing up to (and, as of the time of this writing, staying at) first place in the number of downloads, and the rapid growth of volume in Chinese exchanges, culminating in BTCChina taking over first place.
Many folks, like Bloomberg and Forbes, have erroneously asserted that China has “banned” Bitcoin in a statement on December 5th. This isn’t, in fact, the case.
Blogger and Quora user Joseph Chen-Yu Wang spoke on this topic today. Wang used to be a vice president for a large investment bank based in Hong Kong, and provided a bit of local and industry interpretation to the story:
“The People’s Bank of China has basically given the green light for Bitcoin trading and exchanges. They are trying to keep Bitcoin trading “separate” from the other parts of the financial system so that if Bitcoin blows up, then nothing bad will happen. The thing that I think they are worried about is a Lehman Brothers-style situation in which something blowing up in derivatives brings down the rest of the economy.”
“The strategy of creating a ring fence around new markets is a very standard one in China. Hong Kong is an entire city that is ring fenced.”
“Outside of financial institutions covered by the People’s Bank of China regulation, there is no other legal restriction for using Bitcoins as the medium of transactions.”
“People aren’t prohibited from using Bitcoin to purchase things (like a currency), but I don’t want to use the word “currency” since legally speaking Bitcoin is not a currency in either Hong Kong or Mainland China. The fact that Bitcoin is not a currency means that it can be used for transactions in Mainland China. If it was a currency you couldn’t legally use it for a transaction in Mainland China, so the fact that the Chinese authorities consider bitcoin a commodity and not a currency is extremely important.”
“The same thing goes for Hong Kong. You can use anything for a transaction, but if you convert currencies, you need a money broker license.”
“One good thing about the Chinese announcement is that by declaring bitcoin to be a “commodity” that creates legal certainty for how it is to be regulated.”
“In general, though, there is not a terrific amount of media coverage on the topic. It only started to get on the radar screen a month ago. The main driver of interest in Bitcoin for China is that there is tons of money in China and no one knows what to do with it all.”
“The traditional investments (real estate and stocks) have been closed off by government action since the government has made it clear they will kill any bubble in the real estate and stock markets. So the money is going into all sorts of “non-traditional” investments. Bitcoin is simply just one of more attractive options right now.”
“Even so, geeks are the primary buyers. So far, it’s not the type of thing that random people will buy; it’s not very mainstream. However, it has taken the Chinese geek community by storm and there are a lot of geeks in China. As with a lot of Chinese things, the fraction of people in China who are geeks is small, but a small fraction times a billion is a lot of people.”
“Bitcoin has not gotten much mainstream attention and it is still something that is with geeks, but you have the perfect storm of a lot of other things. The main thing is that Bitcoin has hit China exactly at the time where China is looking at restructuring its entire economy and financial system to move out of low tech industries into high tech ones. It also hit China at just the right time in the credit cycle. China has recovered from the 2008 crash and is just starting to enter into another boom phase (which will last about two to three years before the economy crashes again).”Source: http://siliconangle.com/blog/2013/12/08/bitcoin-china-meaning/?angle=silicon This guy thinks China is entering "another boom phase"? This recovery has already lasted longer than almost any other recovery in history (at least in the US, I could be wrong about China). But point taken, I guess BTC is not "dead" in China. I think if it was the price would drop a lot more than it has. |
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