Like I said yesterday, I'll start worrying about the trend since Jan if and when we fall and stay below 260/265, or dip below the DSMA20 without quickly recovering from it.
Unless something like that happens, I consider the most likely scenario that we're going through a repeat of the late February period, i.e. higher low, followed by consolidation, followed by continuation of uptrend.
That has been the pattern for a year or so Drops then higher lows followed by a rise up then a drop again to a new low area before that pattern roughly repeats Kind of curious though when that trendline will be broken On the larger scale, sure. It's a bear market we're in, after all  But I'm talking about the January trend alone, so no new low (yet). And right now, I see more signs for consolidation + (upwards) continuation than reversal of the local trend from January. At what point can the long-term downtrend be considered 'over'? |
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I am familiar with this auction. But I am not sure if this event is already over already? And I can tell you that auctions are pretty tricky. After all you can buy something not so cheap when there are strong competition going. So bitcoins obtained that way could be not so cheap...
Last time it was a blind auction. We don't know the winning bid even today. Though I'm thinking Tim Draper probably regrets it a little. |
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So how do we know that some whale or whales weren't planning on buying 50K coins or more on the open market and instead are buying them at auction? In other words, How do we know that this sale isn't already priced into the market? It's not like this auction is a surprise or anything.
Surely there are enough ways to buy off-exchange? Anyone with a lot of money would want to explore those before buying from Coinbase/Stamp wherever. I suppose the auction is the only sure way to get hold of a very large slab of coins at once, but buying on an exchange would be a last resort. |
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You can live chat with one of their customer support team (ask for Lily, who knows English, if you don't want to get by on Google translate). There's a QQ link on their site.
This won't give you information that isn't otherwise available, but if you're concerned about the status of a withdrawal it may be reassuring.
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was talking about bittrex, and yes i agree cryptsy is gonna be the next gox, they got lot of complaint as far as i know but tend to keep it quiet, something for sure is wether how great an exchanger is, never store your funds in exchangers
what bad with cryptsy?I have already withdraw dogecoin in few min. Until you have to wait for a few hours. I've heard in some cases other people had to wait for a few days. Obviously, you are just being lucky. Cryptsy are just fine, until they're not. Then you're in for a world of trouble. I've been lucky in the past but I won't use them after the horror stories I've heard of withdrawals getting stuck for weeks and customer service not doing anything. |
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Reminiscent of Karpeles 'moving offices'...
Interesting to see where this ends up. They have started releasing crypto and fiat funds, at least, so it's not another complete re-run of Gox.
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I said earlier that the allowing of withdrawal of CNY and USD was meant to avoid legal problems. Now they have stopped for who knows how long.
Can't understand what's bter doing right now. If they are scamers, 7500 btc was a good cash, they alraedy let people withdraw cny, why not people withdraw alt coins? they will never take for them good price they will just drop a market if will try to sell them. Even pure scamer Alex Green took only btc and let people withdraw rest, yes not fullly, not all, but a lot of coins was possible to save from mintpal. If they are not scamers them behavious even less understandable, why they keep holding not beloning to them money? If they are trying to save them exchange buy holding alt coins, they only killing it. Shit happens, hack happens, losing money happens, but Bter's reaction on it worsest i ever saw. : Never attribute to malice that which is adequately explained by stupidity. Knowing a little of BTER's MO, I genuinely believe that incompetence is a better explanation than outright dishonesty. Whether or not you find that reassuring is another matter. |
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Hi, anyone already succesfull with unity withdrawels from bter? I am waiting couple hours now, nothing happens. Only thing I see is this silly statement;
"BTR deduction: You have 0 available BTR.
According to the rule, 143.443525 BTR per UNITY will be deducted from your account until 0. "
WTF is this nonsense?
Does this mean my withdrawels are not going because I don't have these idiot BTR points?
Check the status on the withdrawals page. Is it pending? You may need to email them. I have a 1 UNITY withdrawal that's been over 24 hours, but a larger one that came through after I hassled them. |
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This is a crucial point. I would agree that this may look better (or promising) given the present circumstances (known past vs unknown future). But what if (and this is a big if really) bter allows the withdrawal of all funds (including bitcoins) without limitation and expropriation right tomorrow? Would you still think the same, i.e. poloniex being better than bter in this context?
Besides that, you are being inconsistent here. At first you say that "the exchange owners treated customers well under very difficult circumstances", and then you say that "it was a relatively small amount, of course".
I'm not really interested in playing word games, since it's what I do for a living and I'm not working right now. In my opinion and given what I know, Polo did ok. Yes, it was a smaller amount, but they found a solution and everyone got their cash back. It was a difficult situation. There's no inconsistency there. BTER? Well, knowing a little of what they're planning and what happened, I don't have a lot of respect for them and don't want anything more to do with them. I will use Polo. With all due respect and all that, but you still didn't answer my question. What would you prefer, i.e. your money taken (some part of) or your money returned (all of it), right now? No, I'll still never use them again. Various reasons, but transparency is one of them. They should have provided better updates. In this kind of situation, that will buy you a little respect and time. Suppose they sell the exchange and get enough money to pay off their customers. That doesn't point to competence or integrity. They just got lucky that someone bought it. I didn't lose anything on BTER, in any case. Edit: that answers your first question, not the second. I assume the answer to that is obvious. These are effectively one and the same question within the given context. If you don't see my point clearly, imagine that two exchanges got their clients' money stolen at the same time. One returns all the funds to the customers in full (by selling the exchange or whatever), the other averages out the losses by expropriating a part of the customers personal funds. What exchange would you choose to be at when the job is pulled off? Sure, but this is apples and apples. BTER is an orange or, more accurately, a lemon. If they come back from this, there's a good chance they'll get hacked again. Also, this is getting a little Schrodingery for me. I get to choose which exchange my money is at when it's hacked...? I'll pass on this one. BTER's not for me. |
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This is a crucial point. I would agree that this may look better (or promising) given the present circumstances (known past vs unknown future). But what if (and this is a big if really) bter allows the withdrawal of all funds (including bitcoins) without limitation and expropriation right tomorrow? Would you still think the same, i.e. poloniex being better than bter in this context?
Besides that, you are being inconsistent here. At first you say that "the exchange owners treated customers well under very difficult circumstances", and then you say that "it was a relatively small amount, of course".
I'm not really interested in playing word games, since it's what I do for a living and I'm not working right now. In my opinion and given what I know, Polo did ok. Yes, it was a smaller amount, but they found a solution and everyone got their cash back. It was a difficult situation. There's no inconsistency there. BTER? Well, knowing a little of what they're planning and what happened, I don't have a lot of respect for them and don't want anything more to do with them. I will use Polo. With all due respect and all that, but you still didn't answer my question. What would you prefer, i.e. your money taken (some part of) or your money returned (all of it), right now? No, I'll still never use them again. Various reasons, but transparency is one of them. They should have provided better updates. In this kind of situation, that will buy you a little respect and time. Suppose they sell the exchange and get enough money to pay off their customers. That doesn't point to competence or integrity. They just got lucky that someone bought it. I didn't lose anything on BTER, in any case. Edit: that answers your first question, not the second. I assume the answer to that is obvious. |
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This is a crucial point. I would agree that this may look better (or promising) given the present circumstances (known past vs unknown future). But what if (and this is a big if really) bter allows the withdrawal of all funds (including bitcoins) without limitation and expropriation right tomorrow? Would you still think the same, i.e. poloniex being better than bter in this context?
Besides that, you are being inconsistent here. At first you say that "the exchange owners treated customers well under very difficult circumstances", and then you say that "it was a relatively small amount, of course".
I'm not really interested in playing word games, since it's what I do for a living and I'm not working right now. In my opinion and given what I know, Polo did ok. Yes, it was a smaller amount, but they found a solution and everyone got their cash back. It was a difficult situation. There's no inconsistency there. BTER? Well, knowing a little of what they're planning and what happened, I don't have a lot of respect for them and don't want anything more to do with them. I will use Polo. |
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So, after this mess, where would you be moving your altcoins ? (redsn0w, how about a poll ?  ) Poloniex looks good so does alts.trade but that pretty basic judgment based on appearances only. No idea how they'd fair when hacked Poloniex had already got stripped of some 50k dollars in bitcoins through a lame hole in their withdrawal system in 2014. All users ended up having to pay for the robbery by "giving up" a part of their funds. No. Busoni paid everyone back over a period of time. He is one of the exchange owners who treated customers well under very difficult circumstances. You are entitled to think so indeed, but nevertheless, many would obviously disagree with you that forcibly taking a part of someone else's funds for covering one's own faults could go as "treating customers well". He didn't sell out his own assets to cover the losses, to begin with. Everyone got their money back. Under the circumstances, I know which I'd prefer to lose money on. It was a relatively small amount, of course. But BTER is being less than transparent and I simply don't see how they'll make good on this. |
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Does anyone see their correct UNITY balance in BTER at the moment? I could've sworn I had some UNITY there but it shows me as having 0.000032 UNITY which doesn't make any sense.  All my UNITY showed up on BTER and I withdrew along with the other dividend assets. Nothing is showing up in my wallet yet. How long does it take to show in nxt wallet? Give it a while and check withdrawal status. |
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So, after this mess, where would you be moving your altcoins ? (redsn0w, how about a poll ? ) Poloniex looks good so does alts.trade but that pretty basic judgment based on appearances only. No idea how they'd fair when hacked Poloniex had already got stripped of some 50k dollars in bitcoins through a lame hole in their withdrawal system in 2014. All users ended up having to pay for the robbery by "giving up" a part of their funds. No. Busoni paid everyone back over a period of time. He is one of the exchange owners who treated customers well under very difficult circumstances. |
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They've enabled a bunch of assets, including UNITY.
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Enjoyed the blog post by Cassius.... nice work!! Thanks for posting Azeh  NWweight:115,427You are very welcome. |
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I heard they were looking for offers in the region of 2k BTC as that's their annual revenue. Second-hand info so don't go quoting me. If you're really interested, you could email them asking for a price tag (which is what the person I got this from did) They probably started off offering a high price because they expected to have to haggle. It would be interesting if someone emailed them asking for a price, then only offered 500 bitcoins. They would probably immediately drop their asking price to 1K bitcoins. It's a buyers market. I'd be very surprised if they got a decent sum for it. Who'd want to take on that debt/reputation? |
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I heard they were looking for offers in the region of 2k BTC as that's their annual revenue. Second-hand info so don't go quoting me. If you're really interested, you could email them asking for a price tag (which is what the person I got this from did) |
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It's p2p. No middleman. No transferring funds to the exchange account, where they can go missing. Like bitcoin itself vs fiat money transfers (no banks/processing companies).
NXT Multigateway is the closest thing there is so far. InstantDEX will give that some extra speed so hopefully we'll start to see worthwhile volumes soon.
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I have 0.20 CNY and no way to withdraw it. This is my gift to you Big spender. You can keep my 1 NXT too. |
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