Make sure to have Tor installed though.  Why would you recommend TOR...it works fine via normal ISP for me. Or are the Chinese BTC police gonna arrest all gweilo users Because it worked fine for me too, then they locked me out for no discernable reason. Too many F5s?  Fortunately it appears to have been an honest mistake. Yeah, I think it takes a bit of time for the accounts to verify because of all the security measures they have in place I experienced a few initial hiccups there but fortunately it was a reasonably quiet time. Enjoy the madness of the Chinese market |
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Make sure to have Tor installed though. Why would you recommend TOR...it works fine via normal ISP for me. Or are the Chinese BTC police gonna arrest all gweilo users |
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Noobs.... Turn off your computer go to bed, wake up the next morning and thank me later.
Because everyone here lives in the US....sheesh it gets parochial here sometimes  |
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Fun watching BTCwisdom...the price indicators are moving like strobe lights
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Days like this buy and hold saves you a lot of anxiety  |
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Shows there is still dissonance between the market and the technology - as the market expands this is going to et worse unless ALL the exchanges ensure they have their shit together (technical term that).
tl;dr Current Exchanges = Shit I bow to your summarisation skills  |
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Shows there is still dissonance between the market and the technology - as the market expands this is going to et worse unless ALL the exchanges ensure they have their shit together (technical term that).
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Not sure about calm -- plenty of caffiene, but it certainly makes you more alive. There's a reason the British empire was built on tea imports.
I'll send some for 0.01BTC + p&p
I believe Mao was addicted to green tea and slimming pills - which explains the muddled thinking behind some of his decisions cf the great leap forward/cultural revolution |
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As long as the major world governments can discretely collect a suitable percentage of the world's bitcoin they will eventually accept it as the new global reserve currency, replacing the dollar. With a single global currency in place, national borders will begin to disappear and our transition to a single world government will be underway.
A lovely thought but you only have to look at the 'European experiment' to see that this sort of centralisation is fraught with political, military and economic issues. The fact that the Chinese govt has used nationalism (cf numerous commentaries and theses) as a propaganda tool in the last twenty years to maintain political control suggests to me there won't be any new world order anytime soon. The only thing that will bring about a new world order will be the same as throughout history - major war or major catastrophe - in which case food/seed/skills will be the unit of currency rather than gold/fiat/crypto. |
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Cryptocurrencies are trust-agnostic... they aren't inherently anti-government.
A lovely way of putting it. However, ALL governments have their own self-interest at heart...let us never forget that. |
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this always happens, poeple get crazy excited and buy buy buy
but its all good, they're really good news behind us, money will come flowing in like never b4.
we are looking to forum a cup and handle, while we wait for the money flow.
Probably a stupid question but i've heard the phrase 'cup and handle' here a few times before... What exactly am I looking for?  Just to be clear, this is not at all what is happening. We had a much milder bubble this time, moderated by understandable skepticism with the last one so fresh in our minds. It popped, driving Gox briefly below 600, and we're going to oscillate a bit more before stabilizing for the very short term somewhere in the 600-700 range. Then over the next 2-3 weeks we'll likely lose another $100 as the impatient pull their money, and then we wait for the next hype cycle. It will be soon; the cycles are accelerating. I'd give it 3 months. The bubble will be even more controlled next time. im not sure, all this stuff just now hit the media, and no one can get money into buying btc yet. i think we might go higher. this run up was only cuz of people already into btc. I agree, the problem now is fiat transfers to exchanges and whether the exchanges can cope: BTCe has a dubious record; Gox is a nightmare all round; Stamp has failed this week; no volume on Coinmkt. The list goes on - its the fiat interface that hampers crypto adoption. |
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how many guys Lost money today, I want to open a confession room like the one in church, come confess to me how much you lost/made I had turned $15k into $20k over the passed week, but I set my stop loss to my initial investment to allow for big drops and rebounds, last night it just tipped it and I'm back to $15k again lol. Still I'd rather my bot sold for me whilst I slept than the price tanked to 200 and I'm left with $770 coins for the next year. Do you really think we wont see $770 for 12months - twelve weeks perhaps. The beauty of BTC - there's always going to be a new ATH along soon  |
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A shame the euro market didnt crash as hard as the us...
Sold at 565€ and my bids were filled at 475, 450 and 400.
Bitstamp luckers got coins at 390$. Damn cheap.
The GBP market on Gox was an amazing spread |
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Man, that is the mother of all swings  |
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question: why don't we open account on btcchina and make some arbitrage with bitstamp? 30% guaranteed..
am i missing some point?
You need a Chinese bank account and then you need someone help you to convert CNY back to USD. No, you just get a Tenpay account. And banking in China is actually very easy...one of the few joys...its funny how 'western' banks still screw clients with fees. I used to bank with HSBC in HK...zero fees for anything, just happy to look after your money. HSBC in general is basically the most fair bank I've ever worked with. Unless you borrow, that is. http://www.justanswer.com/consumer-protection-law/2pkqy-want-sue-hsbc-unauthorized-overdraft-assessments.htmlHSBC, yep, they are fair in that will do business with anyone. US$670B in unmonitored money transfers and folks are worried about bitcoin? Bitcoin is not even close to being a player in money laundering game. These guys pay fines larger than all bitcoin and shrug it off. http://www.bloomberg.com/news/2013-07-02/hsbc-judge-approves-1-9b-drug-money-laundering-accord.htmlThere's your whale. If they didn't already have money laundering already well in hand and thought they could do better with bitcoin, they might be buyers, but they do better without it because BITCOINS GENERAL LEDGER IS ON THE FREAKING PUBLIC INTERNET. I'd just like to say that while HSBC in HK (not the UK btw) are a pleasure to bank with - from a corporate point of view they are a den of twats. Money laudering, dodgy property deals and funding the destruction of Indonesian rain forest is just the beginning of the charges. |
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Finally a real correction!
These markets will now test there lows and we will see what happens. There should be a little calm now for the next few days. Relatively speaking.
$300 swings...very calm Given the positive publicity and the anecdotal feedback of interest here I'd imagine there's going to be a lot of new fiat hitting exchanges in the next few days. |
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The EMA lines have crossed for the first time in days on the bitcoinwisdom BTCchina chart...perhaps some sanity, a regroup and a nice cup of tea are in order.
Settings? 15min view EMA parameters 7,30 (default) |
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The EMA lines have crossed for the first time in days on the bitcoinwisdom BTCchina chart...perhaps some sanity, a regroup and a nice cup of tea are in order.
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Great work VSpade.
As BTC worth increases this fraud becomes greater and greater...7000btc now worth nearly 5.5M Gox bux....I'm sure Alberto(whoever) is simultaneously feeling elated about the haul but anxious because as BTC grows so does the magnitude of his crime.
Worth noting that the fraud is not amounting to 7000 BTCs anymore. That amount was for 7.000.000 shares. Since they sold 1.24M shares, the stolen amount is now more in the order of 8400 BTCs (if sold @ IPO price - it is most likely to have been sold at higher rate). True. Plus all the dividend payments that have not been released. |
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Wow, bears are getting desperate.  |
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