Seems legit. Reddit claims bloomberg terminal says the tale is by people who declined to be identified who are familiar with the matter. China’s regulators are studying measures to limit transactions that use bitcoins to take funds out of the country, according to people familiar with the matter.......
They declined to be identified because the information isn’t public......... The only recent bloomberg story about China published on its website seems to be this one, and it doesn't mention Bitcoin once. It's strange how it was published half a day ago but fails to mention Bitcoin, but there are claims the tale from the terminal does. It does say people who asked not to be identified who are familiar with the matter claim China’s central bank might start monitoring $1.9 trillion of banks’ off-balance-sheet wealth-management products. However Bitcoin's not any banks’ off-balance-sheet wealth-management product, and its entire market cap is only $11 billion, not $1.9 trillion. Anyway the anonymous people who asked not to be identified say it’s not clear when, or IF the People’s Bank of China will start monitoring the banks’ off-balance-sheet wealth-management products. http://www.bloomberg.com/news/articles/2016-10-26/pboc-may-grab-oversight-of-1-9-trillion-wealth-management-poolChina’s central bank is conducting a trial monitoring of banks’ off-balance-sheet wealth-management products under its macro-prudential assessment system, according to people familiar with the matter.
The WMPs will be included in calculating broad-based credit, the people said, asking not to be identified discussing non-public information. Currently, the products aren’t included in the assessment framework, and it’s not clear when or if the People’s Bank of China will add them, the people said.
Citigroup Inc. estimated that 13 trillion yuan ($1.9 trillion) of the products, which are a key building block in China’s shadow-banking system, could be covered. |
|
|
|
Yes this is what we are experiencing this time. There is still 0 confirmation to the btc to my wallet its from 8 in the morning and now its already 7 in the evening in our place. I don't know also if when this will be confirmed  I assume your transaction is confirmed now. In case you run into the same problem again if you use Bitcoin core wallet you can now use a new option called -zapwallettxes which lets you remove stuck unconfirmed transactions, then try them again. The technical details of how to do it are at this link. http://bitcoin.stackexchange.com/questions/45988/how-do-you-apply-zapwallettxes-on-windows |
|
|
|
|
There have been attempts at Bitcoin banks/vaults before and they all got hacked. BitGo's isn't a Bitcoin bank, but its multisig technology was mean't to provide 100% security for Bitfinex's funds. Although I have not yet read an explanation of how it was done Bitfinex's coins were stolen despite BitGo's technology.
I wouldn't trust a Bitcoin vault's technology to secure my funds any more than I would trust BitGo's technology.
|
|
|
|
WTF are you on about? all funds are spendable. all funds are real, no matter what date they were received that address contains: 1 coinbase and 43 address to address transactions a coinbase is spendable. but being a coinbase is not a transaction in my eyes. its why it was given the term 'coinbase' to separate it into a different terminology from regular transactions. but as i said ALL the funds are spendable, all the funds are real. i know this is digressing off the OP's question. and being pedantic, and that franky1 already knows about it, but the very first coinbase is not spendable due to a quirk in the Bitcoin code. Every coinbase after that is spendable so SmartIphone would consider the second block's coinbase as the first transaction. However, I take the majority's view that the pizza sale was the first Bitcoin transaction. |
|
|
|
we have a serious bankproblem here...I wasn't expecting the "deutsche-bank-crash" as soon... What problem are you talking about? The Deutsche Bank's one? Everything's fine mate! Don't worry... The bank has made over €1.8 trillion over the past decade & the IMF believes DB is the biggest net contributor to global systemic risk. All the biggest funds management firms in the world have made billions with DB and all it's managers have filled their pockets as much as they could (before leaving of course...) And now that DB is on the verge of collapse, The EU will bailout them up by taxing your miserable salary! Everything will be alright  That's probably why Bitcoin's going up. Unfortunately when Bitcoin goes up all the altcoins (including Lisk) get temporarily dumped. However, if Bitcoin continues going up for long enough all the altcoins get pumped to new ATHs, so it could be good for Lisk in the long run. |
|
|
|
|
Virwox has some minimum fees for various things, so if you buy a small amount of Bitcoin those fees will seem big. You can't just buy Bitcoins there either. You have to buy Linden dollars, then use those to buy Bitcoins, so you pay trading fees twice. The markets are thin and if you refuse to put a bid order on and wait for someone to fill it you will get a bad exchange rate. That's not a virwox tax, it's a result of thin markets.
|
|
|
|
There were no fees and I remember it clearly and was really good because the profit for traders was really higher.
Chinese most of the time has proved that aren't honest on things that they and that's why most of their target is inside their country.
I've heard it a few times across the forum that major Chinese exchanges (such as OKCoin, Huobi, BTCC) don't charge trading fees at all. Their trading volume is huge (you can see it yourself here), but they seem to trade only CNY pairs. I don't trade there myself, and it would be interesting to hear if it is really so as well as how much they charge for withdrawing bitcoins. Anyone know any specifics related to trading there, apart from the higher possibility of them running away with our money? I'm not a specialist but about the withdrawing fee they take 0.0006 maybe more than other exchanges but this is their fee. And this fee was for few years, I saw once it was 0.001 but was removed after, chinese exchanges have huge volume because of low/none fee. This Bter page says it has a $2000 daily limit on USD withdrawals, and it looks like it has a 0% fee for them, but that can't be right. https://bter.com/feeHowever, the Rate standard link at the bottom of this translated OKcoin page says it has a fiat withdrawal fee of 0.1% (excluding bank transfer charges), a minimum of $15. https://translate.google.co.uk/translate?hl=en&sl=zh-CN&u=https://www.okcoin.com/&prev=searchIt also gives spot taker fees for trading, so it does have some trading fees.  |
|
|
|
Deutsche Bank is too big to fail in my opinion, it will get bailed out if anything shaky happens - I think that the negative press will certainly help the bitcoin price in this kind of situation, you can already see some movement with a lot of the altcoin prices falling as people are moving their funds back to BTC.
Deutsche Bank is big, sure, but no company is too big to fall. After economic crisis in 2008 many BIG financial institutions and services fall. Have you heard about bankruptcy of Lehman Brothers? It was the largest bankruptcy filing in U.S. history, with Lehman holding over $600 billion in assets! The bigger they are the longer the fall. Reference: https://en.wikipedia.org/wiki/Bankruptcy_of_Lehman_BrothersSatoshi invented Bitcoin to give people a chance of avoiding exposure to another Lehman Brothers like collapse. If Deutsche bank fails people have Bitcoin's safety net, and will flock to it. |
|
|
|
i don't wish for a financial collapse so a few of my bitcoins are worth more. and i don't think bitcoin is big enough for any spike to be anything other than the same old people speculating again.
if bitcoin is to save us all it would be great to have a smooth transition but the world never seems to work that way.
I don't think Bitcoin will save us all, but if Deutsche bank collapses think new blood will start buying Bitcoins and start a new rally. Lehman's collapse started a domino effect of bank collapses, and if Deutsche bank collapses people will anticipate the same domino effect and adopt Bitcoin's safe haven. |
|
|
|
"SanDisk has recently announced that they have started shipping their 1GB Secure Digital (SD) flash card. Although it has slipped its expected date, it is still the first production 1GB card. Jointly developed with Sharp, it contains a unique “stackable” packaging technology which has both a low-cost and high-yield so that it can be competitively-priced. It is available immediately with a suggested retail price of $499.99" This is from 2004. So 12 years ago. $500/gb. Do you know what $500 buys now? http://www.newegg.ca/Product/Product.aspx?Item=N82E16820233766&cm_re=512gb_flash_drive-_-20-233-766-_-Product2 512GB usb sticks. That's 1/1000th of the price in 12 years! Now think... in 10 years do you really think 100TB will cost much more than $100? And will the blockchain even be that big?? I remember buying 256 MB pen drives a decade ago, now I'm buying 32 GB pen drives for the same price, and they run at faster speeds than the old ones. In another ten years I'll be buying 3 TB pen drives for the same price, and there will be 30 TB pen drives available that I refuse to pay for until their price drops. |
|
|
|
$5000 per bitcoin!  I think that's too big for the price to fly that high... I am conservative so I think the price would be around $1,000 - $2,000... But who knows, bitcoins price is so unpredictable, it could run very high...  2020 is 4 years from now. The price of the bitcoin will double every year, so it will be around $10,000. That's too conservative, it will be around $50,000. It didn't take four years to go from $2 to $1200, and it more than doubled every year. Four years is more than enough time for it to go to $50,000 after the bear market. I do not know or believe against all the things that have not happened, I prefer to enjoy the advantage that I can get over having to predict something where it's violating in my religion. If indeed the year price bitcoin became higher then I am grateful I'm not guaranteeing it will be $50,000 in four years, but I think it's probable. Who believed Bitcoin would go to $1200 when it was only $2 and its all time high was only $30? I think we are due another bull market like the last that exceeds expectations. |
|
|
|
$5000 per bitcoin! I think that's too big for the price to fly that high... I am conservative so I think the price would be around $1,000 - $2,000... But who knows, bitcoins price is so unpredictable, it could run very high... 2020 is 4 years from now. The price of the bitcoin will double every year, so it will be around $10,000. That's too conservative, it will be around $50,000. It didn't take four years to go from $2 to $1200, and it more than doubled every year. Four years is more than enough time for it to go to $50,000 after the bear market. |
|
|
|
It's a matter of time Deutsche Bank collapses, starting a new 2008 event, just worse. Bitcoin will obviously skyrocket as a result, the question is when is it going to face it's inevitable collapse? I reckon it's going to happen anywhere next year.
I hope you're right & bitcoin does prosper from a potential Deutsch Bank crash but how do we know there won't be somebody or something to save their ass? I know the EU is fucked & will eventually crumble but we all got excited over Cyprus & Greece & they got away with it, bitcoin didn't get anything out of their misfortune. Deutsche Bank is Germany's only global bank, and it's big in America. Most worldwide banks have exposure to its debt, and if it falls it could bring them all down. If that happens the new worldwide banking rules let the failed banks bail themselves out by using customer's money to pay off the bank's debts. No country wants to bail more banks out, so they all agreed to let the banks steal their customer's savings the next time they go bankrupt. There will be no government bailouts next time, and anyone who wants to keep their money safe will be looking at Bitcoin. |
|
|
|
|
If you live in Europe you can send money from your bank to an exchange like Bitstamp for 10 cents, if you live outside Europe it will cost $10 or more. After you get money onto an exchange you can put a buy order on and wait until someone sells Bitcoins into it. That gets you a better price than buying into a Bitcoin sell order. You will get charged between 0.1% to 0.5% for the trade. Finally, when you withdraw your Bitcoins there might be a withdrawal fee. Bitfinex does Bitcoin withdrawals for free, but it was hacked this year. Bitstamp also does free Bitcoin withdrawals, but it was hacked last year. Other exchanges have varying fees.
|
|
|
|
after yesterday news of Devaluation the price increase from $570 to $600 more.
I believe it will have a higher reaction again at that price, I hope the end of september able to penetrate $700.
that might just be coincidence. or maybe a whale making use of that news to make people think the price is rising because of traders moving fiat to bitcoin. we can only guess. for now the increase has come to an end, and now it's waiting for will happen in the coming days. The Chinese are all sleeping now, when they wake up in a few hours they could start buying again. The volume of Bitcoins traded has dropped significantly since China went to sleep. When China wakes and the volume picks up the price might pick up. The rise is not necessarily a whale making use of that news. |
|
|
|
he's sure broke but he's now trying to gather money as you can see he's planning to make megaupload 2.0,his previous income which make him rich was from megaupload that now has been raided and been seized because he just breaking the copyright rules such a good idea but also could break the copyright rules for the second time Didn't he transfer ownership of his latest mega businesses to his wife? I thought he was declared bankrupt a year ago and used his wife as a front to earn money through. If this new business earns thousands of Bitcoins they will probably officially be owned by his wife, and if anything goes wrong she will probably be held responsible. |
|
|
|
It will be interesting to see, if this recovery plan will work out. After all, it is an offer. Given the circumstances I would also say it is a pretty good offer. At least it is much better than having another Mt.Gox-style bankruptcy.
It's better than another Mt.Gox-style bankruptcy for the customers, and the Bitfinex owners if Chinese prisons are as rough as Japanese prisons. Have you seen how much weight Karpeles has lost in a Japanese prison? He went in a fat blob and came out like a matchstick man. If the same fate awaits the Bitfinex owners if they are jailed, then avoiding it through this recovery plan is the best deal they could hope for. |
|
|
|
|
During Bitcoin's first year people would give away 50 or 100 Bitcoins because it had so little value.
There must be some recipients of those giveaways who still hold their coins. They are not millionaires yet, but if Bitcoin keeps going up in price they will be millionaires in the future without having invested anything.
|
|
|
|
 This is today (hours ago) from Kraken. What is this? Top price of both candles were 589.30300€ Does this number means anything or is someone just fucking with my head? A bug maybe? I don't know. Weirdest things happen ^^ I have witnessed weird things on the Kraken, like a day or two before the 2015 crash down to $150 on all the other exchanges. On the Kraken somebody briefly dumped the price down to that level two days in advance when the price was far higher elsewhere. The dump was over in seconds, but the buyer got dirt cheap coins. The Kraken has thin markets, but that trade struck me as weird nevertheless. If we're lucky those Kraken 589.30300€ candles might be an indicator of the price on all the other exchanges in a few days. |
|
|
|
At the halving, bitcoin will be home.
And home is $666 !!!
In the last two weeks there was a double top at $700, and now there is a double bottom at $600+. The conflicting chart patterns will confuse the traders and keep the price at $666. Bitcoin seems to like being at $666. |
|
|
|
|
Show Posts
