 A massive triangle is closing, and we are about to hit the longer term down trend |
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认证麻烦
你用過BTC-E嗎? 如非要電匯, 根本不用認證. 非認證用戶可在場外買賣USD code |
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BTC-E是各大平台中, 唯一可以提現為USD code的. 以後大家只需要在BTC-E交易, 然後在場外通過支付寶交易USD code, 那就根本不用理會什麼央行規定了.
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惊呆了
中文不像中文，英文不像英文
如果不是騙子，他大概是個德國人 |
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Stamp over Gox  Not sure why, but stamp over gox is usually a bullish signal |
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10p 等于多少M
1P = 1,000T = 1,000,000G = 1,000,000,000M |
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On a side note , i'm noticing LTC is now stagnating around 17-18 despite current rally.
Charlie Lee,founder of ltc whose brother Bobby Lee is owner of btcchina; My guess: he is slowly dumping his ltc cause its likely worse than it seems in china..
LTC is hopeless. If China was responsible for 50% of the Bitcoin rally, than it was responsible for 90% of the Litecoin rally |
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Worst case scenario (but perhaps most likely) is that this is a dead cat bounce in China.
But regardless, why are people buying BTC at all in China?
I have heard that they would buy it to arbitrage it? Ok, assuming they have a way to keep the money or move it back into China. I doubt, however, this is massive.
I have heard that perhaps they want to still own Bitcoin for black market trading. Possible I suppose, but certainly not widespread.
If I understand correctly, $0 money is coming into BTCChina. Am I right? If not where is money coming from? Because I can't wire money to BTCChina from the U.S. So where can people send it from?
I just do not see how BTCChina continues to exist as it is with no new deposits coming from. And if people can't send fresh money, how the hell are they buying bitcoins? Do you know how much fiat is sitting on the sidelines there now after the crazy sell-off? Some of it will be withdrawn, but it is also very tempting for those who sold at 4-5k+ CNY to double their bitcoins by buying back in. Bitcoin is not dead in China, and new deposit methods are coming soon and once that is possible again you can pretty much guess what's going to happen. Smart people will want to buy (back) in at a low price before it is even announced that deposits are going to be enabled again. So deposits are going to be magically available again. Some 3rd party is going to just give the government the finger and say f*ck you, I'm doing business with these guys? And that's going to last how long? It never made sense to me why Bobby Lee opened a Chinese exchange. A Hong Kong one I can definitely understand, but China? I think he will close up and move shop. Since CNY cannot freely flow between the mainland China / Hong Kong border, a Hong Kong based exchange won't really help a lot and the cost will be much higher |
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Worst case scenario (but perhaps most likely) is that this is a dead cat bounce in China.
But regardless, why are people buying BTC at all in China?
I have heard that they would buy it to arbitrage it? Ok, assuming they have a way to keep the money or move it back into China. I doubt, however, this is massive.
I have heard that perhaps they want to still own Bitcoin for black market trading. Possible I suppose, but certainly not widespread.
If I understand correctly, $0 money is coming into BTCChina. Am I right? If not where is money coming from? Because I can't wire money to BTCChina from the U.S. So where can people send it from?
I just do not see how BTCChina continues to exist as it is with no new deposits coming from. And if people can't send fresh money, how the hell are they buying bitcoins? Do you know how much fiat is sitting on the sidelines there now after the crazy sell-off? Some of it will be withdrawn, but it is also very tempting for those who sold at 4-5k+ CNY to double their bitcoins by buying back in. Bitcoin is not dead in China, and new deposit methods are coming soon and once that is possible again you can pretty much guess what's going to happen. Smart people will want to buy (back) in at a low price before it is even announced that deposits are going to be enabled again. Yeah and you'd have to go through an arm and a leg to be able to put some $ on the exchange, and also risking that getting closed down too. This is just a temporary bounce with people with chinese fiat trying to make a little profit... The CCP will never violently closing an exchange. This will lead to social instability and this is the last thing they want. In the worst case, they may close exchanges softly, which means halting the trade and let people withdraw their XBT and CNY balance. |
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We need a FAQ section and move all these questions there
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Hello from China.
hey there, have you crapped standing up yet? lol wut, they do that over there?? Yup the good old  Don't you think this is more hygienic? (and obviously people are not standing to do that) |
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Hello from China.
Buy up all those cheap coins!  |
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It is wire.wire within China is cheap and instant This is starting to get posted everywhere:
The front page of huobi.com says "银行汇款充值24小时到账，支持招商、建设银行。"
Apparently it translates to: "You can use the remittance to deposit fiat into our platform. The fund will be available in 24 hours. We support China Merchants Bank and China Construction Bank".
I know huobi is a Chinese exchange. I know they're saying they are now accepting fiat via "remittance". What is remittance though? And they say they support two different banks. Is remittance like a cashier's check form one of these banks? Is it a bank wire?
It looks like this exchange has found a way around the new regulations.
So do you believe this could be an answer for the Chinese problem? Why were the exchanges and depositors having to use 3rd party payment processors, if they could just use the banks directly like this anyway? Bank wire needs manual operation and 3rd party processors provide API, so they use the latter Is bank wire the answer? Yes, if their accounts are not frozen later. Look at gox. |
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It is wire.wire within China is cheap and instant This is starting to get posted everywhere:
The front page of huobi.com says "银行汇款充值24小时到账，支持招商、建设银行。"
Apparently it translates to: "You can use the remittance to deposit fiat into our platform. The fund will be available in 24 hours. We support China Merchants Bank and China Construction Bank".
I know huobi is a Chinese exchange. I know they're saying they are now accepting fiat via "remittance". What is remittance though? And they say they support two different banks. Is remittance like a cashier's check form one of these banks? Is it a bank wire?
It looks like this exchange has found a way around the new regulations.
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Things look similar to April.
On 12 Apr 12pm (UTC, same below), it made the first low at $54.25 (gox), or 1.70x of the last ATH of $32
Then on 16 Apr (Tuesday) 7am, it made a lower low at $50.01, or 1.56x of the last ATH, or 0.92x of the previous low. This is also the all time low so far.
On 7 Dec 7am, it made the first low at $542.38 (bitstamp), or 2.04x of the last ATH of $266
Then today, on 18 Dec (Wednesday) 8am, it made a lower low at $473.01, 1.78x of the last ATH, or 0.87x of the previous low
Do the underlined figures look very similar?
For those who stayed here long enough should remember what happened after the $50.01 low. If the history will repeat, US people will decide to buy when they wake up.
Update: at 18 Dec ( Wednesday) 11am, it made a lower low at $382.21, 1.44x of the last ATH, or 0.70x of the previous low Still not too bad, especially for the ratio to the last ATH. The big question is whether 382.21 is the new all time low? |
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Never. What you need is another client
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One thing bitcoin needs badly right now is a leveraged trading market with real capital. Bitfinex and Icbit are useless to us because a single margin deposit is likely to exceed their available funds.
How would that solve the volatility issue? If anything it will create more of it by putting in more capital bottlenecks. The very same ones you are having issues with right now. Its pretty obvious he wants to buy right now, but has no funds. With leverage he could use coins to buy coins and volatility during a crash is reduced by large bids and buys. But the issue with bitcoin is counterparty risk. What happens when those leveraged counterparties don't deliver the BTC and that will happen. Currently at least on the exchanges you more certain the bitcoins you are buying exist. If the counterparty is some big player (not some dodgy platform at BVI), the risk is not higher than any traditional leverage trading. Isn't it? |
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Things look similar to April.
On 12 Apr 12pm (UTC, same below), it made the first low at $54.25 (gox), or 1.70x of the last ATH of $32
Then on 16 Apr (Tuesday) 7am, it made a lower low at $50.01, or 1.56x of the last ATH, or 0.92x of the previous low. This is also the all time low so far.
On 7 Dec 7am, it made the first low at $542.38 (bitstamp), or 2.04x of the last ATH of $266
Then today, on 18 Dec (Wednesday) 8am, it made a lower low at $473.01, 1.78x of the last ATH, or 0.87x of the previous low
Do the underlined figures look very similar?
For those who stayed here long enough should remember what happened after the $50.01 low. If the history will repeat, US people will decide to buy when they wake up.
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