Huge rally happening now on bitstmap!
I would like to trade on bitstmap.... I've never heard of this exchange. Are there low fees? lol.... the only thing huge about the current "rally" is that it might actually be breaching the bear triangle... other than that it is very very small indeed. You never heard of bitstamp? When I first heard of btc (some guy lost a harddrive) I googled bitcoin and I think bitstamp was the first thing I clicked on (to get the price). As far as bitstamp, enter it into the search box. There are some reviews. He was being sarcastic...  |
|
|
|
Why the dump on Huobi? Can't find anything about it. Help me
Why not? I mean, nobody is asking "why the pump?", why do we need a special reason for the dump? Just basic laws of demand and supply - apparently not enough buyers atm at Huobi to support the current price. Knowing Huobi, 15 mins from now it can change dramatically again  Maybe, but looking at the charts it was a significant dump. It's not common whale behavior and definitely not a smart move. Why would he exit with a market sell? There are some rumors about bad news in the upcoming weekend, but I honestly can't find anything else. Until I find more information I'll assume that he dumped... because he wanted to dump, right |
|
|
|
|
Why the dump on Huobi? Can't find anything about it. Help me
|
|
|
|
I can't find any new facts about China; only news, such as these: International Business Times, 2014-05-13: Chinese Bitcoin Exchanges Planning to go Offshore to Escape PBOC Crackdown http://www.ibtimes.co.uk/chinese-bitcoin-exchanges-planning-go-offshore-escape-pboc-crackdown-1448335"Leon Li, founder and CEO of Huobi [said:] 'We don't want to touch the customers' money in China, because maybe [regulation] is going to get worse'" Want China Times, 2014-05-10 Trading platforms struggle as more banks ban bitcoin in China http://www.wantchinatimes.com/news-subclass-cnt.aspx?id=20140510000119&cid=1102&MainCatID=11"'If China maintains tough regulatory policies, the price of bitcoin will definitely keep dropping, 'said Du Jun, co-founder of Huobi. [ ... ] Li Qiyuan, CEO of BTC China, said more exchanges may close down in the future." Yet, looking at the charts, it seems that the Chinese traders are growing more confident, gradually. It is the "plane didn't crash yet, perhaps there is no ground below" syndrome? On the other hand, I understand that some customers of FXBTC are furious because the exchange shut down at 24:00 of May/09 instead of 00:00 of May/10, as they had announced: http://bitcoinnewsbrief.com/blog/2014/05/14/shutdown-of-chinas-fxbtc-exchange-leads-to-customer-outrage/  You won't find news by looking at press. Usually far too late. Weibo/blogs/forums are by far the best options. If you want updated news about China (up to the hour), just check r/BitcoinMarkets, I usually post there quite often Nothing has happened today on China's side unfortunately |
|
|
|
|
These guys are professional pumpers. They've got those pumping skills
|
|
|
|
I'm wondering - the Chinese are now up already for ~3hours and we ain't crashing yet... What's different today?
http://finance.caixin.com/2014-05-07/100674119.htmlI don't know what's going on exactly. Did all exchanges stop fiat deposits? I don't think s.. Lack of new information, maybe PBOC is debating on the issue? Everything is disynchronized |
|
|
|
@TERA and windjc - How much have you shorted?
Around 1200 at this point. Any big impact if they become liquidated? Wha? Yeah, like a $400k+ impact. But that is not going to happen. This market is going down. I wish you all the best. Please explain! What should we expect? Clearly stated in Caixin 2013 that PBOC doesn't want exchanges to touch their banking system. They only want people to trade Bitcoin using cash. There is no way to prevent money laundering, and PBOC knows that. The exchanges can attempt their best, but with fees + lack of leverage trading + no fiat bank transfers, how will they become profitable again? |
|
|
|
It's worse than banks banning BTC imo
How is a bank dropping BTC China worse than the PBOC commanding Banks drop Bitcoin accounts? Sorry, I meant in terms of news, not in terms of drop of price. BTCChina has never announced anything after CCB ban, so a word from them just tells us that problems exist behind the scene. It tells us they probably already closed a bunch of their accounts. Of course ICBC and ABC withdrawal ban will be way worse in terms of price drop. As for BTCChina, you can still buy BTCC recharge coupons through Taobao and they released new ATMs in Shanghai today |
|
|
|
|
It's worse than banks banning BTC imo
|
|
|
|
I prefer log scale for my pie charts.  hahaha |
|
|
|
|
Are you also wholecoin on reddit?
|
|
|
|
Tera predicting a big drop  Well if you say the same thing every single day month after month you'll one day be right. Obsessive compulsive disorder. SINA weibo http://www.weibo.com/1642634100/B2PWiq8nr?mod=weibotime[Review] Morning News for domestic Bitcoin ecosystem, the "Deposit difficult" Maybe just pain, there is always a way to bypass the ban; But the lack of application scenarios, make Bitcoin home nowhere in China is facing the dilemma. With mobile payment application, Bitcoin has been integrated into the daily lives of Americans in large part. But in China, such transactions are likely to hit a minefield. http://www.weibo.com/1733978750/B2Je56PVU?mod=weibotimehttp://www.csrc.gov.cn/pub/shenzhen/xxfw/tzzbh/201401/W020140124591040626240.pdfHuobi will need license check to run their business in 5 days. The 2013 document states that e-commerce platforms such as huobi will need transaction monitoring to keep platform features online to prevent money laundering, however this could be rumors, news source is not confirmed, |
|
|
|
I don't usually post news here, mostly on Reddit BitcoinMarkets subsection, but I thought it would be interesting to share this one. Linkcoin, a very small BTC/CNY exchange, will shut down on May 11th after receiving this afternoon a 3rd-party notification. [LINK]It's probably irrelevant, as most small platforms attempt to be profitable, so it is without doubt that we'll see more platforms emulating FXBTC decisions in the very near future. |
|
|
|
|
Good find. I thought they stopped operating a while ago. Apparently not
|
|
|
|
If Houbi breaks down below 2750 and that begins to act as resistance, then things will start to get real bearish, imo.
Won't happen until Monday.. dat dump on BTC-E, though |
|
|
|
Traders are sheep to the charts. That's the only reason we are going down right now. Nothing has changed and there is no reason to dump, just someone trying to get a jump on a downtrend that may never come. They will just have to buy back at a loss like 99% of traders.
lol @ bolded part |
|
|
|
|
If BTC drops to $100 and everyone shorts, would Bitfinex pull a gox?
|
|
|
|
Can you confirm that ALL bank accounts are closed for BTCChina and Huobi?
BTC China does have operating bank accounts, just not at any of the banks listed in the first post. Of those four banks, the last remaining one (China Merchants Bank) closed their business to BTC China on Monday. Which one are still operating? Can you highlight some in this list? Industrial and Commercial Bank of ChinaChina Merchants BankAgricultural Bank of Chinathe China Construction BankShanghai Pudong Development Bank Guangdong Development Bank Industrial bank China Minsheng Bank China Citic Bank Bank of Communications Hua Xia Bank Postal Savings Bank of China China bank Hangzhou Bank Shanghai Bank Fudian Bank Beijing Rural Commercial Bank Ningbo Bank Ping An Bank China Everbright Bank Beijing Bank Shanghai Rural Commercial Bank Wenzhou Bank Chengdu Bank |
|
|
|
New update from OKCoin (2014-05-01 08:46:08) RE: CCB "Declaration on the Prohibition of the use of my bank account for Bitcoin transactions."
Hello, my colleagues have been responsible for the company and related verified. No problem, our account hasn't been cancelled. Please rest assured. Where was this posted? (Is it indeed from OKCoin?) |
|
|
|
|
Show Posts
