Every exchange that doesn't make money is going to die eventually.The question is, who's got the deepest pockets? It seems BTCChina decided it's time to stop bleeding money, maybe they felt they've established themselves well enough by now.

http://www.wired.co.uk/news/archive/2013-12/16/bitcoin-demos

"In truth, no-one can be sure what will happen. Chinese authorities have in the last few days banned their banks from handling bitcoin and, anyway, it may not be bitcoin that eventually triumphs. Peercoin, Anoncoin, Zerocoin, Litecoin are all bring different strengths and benefits, from privacy and anonymity to the efficiency of the transaction. What bitcoin is however showing us is that Vires in Numeris is not ringing hollow. We will likely wake up to a world that uses currencies secured by cryptographical systems, and it is time that our social and political institutions seriously consider what this will mean for them and the people they protect and represent."

Really? I was working under the impression the Wikipedia definition was more or less correct:


"In finance, technical analysis is a security analysis methodology for forecasting the direction of prices through the study of past market data, primarily price and volume. [...] Technical analysis is frequently contrasted with fundamental analysis, the study of economic factors that influence the way investors price financial markets. Technical analysis holds that prices already reflect all such trends before investors are aware of them. Uncovering those trends is what technical indicators are designed to do, imperfect as they may be." (emphasis mine)

Sometimes, repetition is the key to being funny. Mostly it's just boring.

Edit: What the, that was directed at fr33d0m1z3r or however he spells his nick - their post is gone, though. Is this thread being moderated after all?

The proper title for this thread is:
"2013-12-13: NY Times Dealbook: European Union Warns on Bitcoin"

Just FYI.

You can do this already.

1. generate private/public key pair
2. transfer the desired amount of BTC to the public key
3. encrypt private key using the chosen password
4. send the encrypted private key to the recipient of the transaction, who either already knows the password already or will learn it.

I don't see that this is very useful, myself. Even if you automate the keypair creation, encryption and message sending, you've introduced the security issue of having to transmit the password without it being captured. Pretty soon you start to think maybe you could just PGP-encrypt the key with the recipient's public key and voila, you're back where you started.

You probably should. If it's luck, it's guaranteed to run out eventually.

I was about to say Keiser gives me the exact same kind of creeps Wagner did.

Accord01 seems to be right, at least in terms of what Apple are saying as to why they have removed apps that enable Bitcoin transactions.

Here's some analysis from the folks at Gliph:
https://blog.gli.ph/2013/12/09/the-state-of-bitcoin-mobile-applications-in-the-app-store-and-google-play/

(for the TL;DR, they basically state what accord01 said: Apple says Bitcoin isn't legal in all jurisdictions apps may be served to).

IIRC Apple has a longstanding policy of not allowing any payment methods apart from their system on iOS. They want their cut. Or am I mistaken? (I'm told they allow Paypal, but that that's more of an exception)

I don't know if I should even say this, considering OP's perception of risk seems to be pretty low, but doesn't Bitfinex let you loan BTC to users with interest? I've never used the service so I don't know how risk management would work there.

My point was, any trendline can only describe the past. Whether it can be extrapolated into the future in any meaningful sense is entirely speculative. (Ha ha.) If you were to draw the trend 10 years from now, using the same method, the portion of it corresponding to the market data we've seen up to now might or might not be close to the trendline as drawn now.

Bitcoin is not a conservative market. I'd be very surprised if it conformed to a trend estimated from a few years of data for very long.

And if the price goes off the trendline for very long, the trendline will shift... So how do we know whether Bitcoin has been mostly trading above or below whatever the trendline will turn out to be, so far? I'm guessing some tea leaves will be involved.

This'll be quite interesting after dec. 25th. In the meantime I have a few questions:

-How was the data collected?
-When was the data collected?
-Was a market specified for the price?

Nuh-uh, you didn't read the caveats!

Edit: let me rephrase that: You'll get it... never!

What situation? The Chinese have banned something hardly anyone has ever even done anywhere.

When will we see an entire day (24 hour period, UTC time) of purely level-headed, good-mannered discussion here on Bitcointalk.org, without trolling or hyperbole? The winner gets 1 BTC.

Caveats:
-The forum being inaccessible, abandoned or otherwise quiet doesn't count.
-Answer must be a definite time. "never" doesn't count!
-If you actually take this offer seriously I'll have to set some sane deadline. 2020 is too long to wait.

Go read the translation. Nowhere does it say you can't buy things with it.

The translation of the actual notice says no such thing that I can see. The limitations issued are very specifically directed at financial institutions and payment organizations, plus the AML, KYC requirements etc. for Chinese exchanges.