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Author Topic: further indicator: bitmit final price  (Read 1185 times)
klaus
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October 21, 2012, 08:23:06 AM
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Bitmit are selling themself due to upcoming legal restrictions in their jurisdiction (Hongkong).

https://www.bitmit.net/en/trade/i/8175-bitmit-net


Is the final price a long-term-bitcoin-indicator?

discuss




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zby
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October 21, 2012, 08:44:48 AM
 #2


Bitmit are selling themself due to upcoming legal restrictions in their jurisdiction (Hongkong).

https://www.bitmit.net/en/trade/i/8175-bitmit-net


Is the final price a long-term-bitcoin-indicator?

discuss

The final price of what?  The bitmit company?  $5000?
Stephen Gornick
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October 21, 2012, 08:51:05 AM
 #3

Is the final price a long-term-bitcoin-indicator?

Currently:
  5,000.10 USD (= 427.359 BTC) (75 Bids)
with 5 days to go.

I suppose if the amount gets to relatively frothy levels (just guessing here, let's say a hundred thousand or more?) that would be a bullish sign.  But auction sites have a very difficult time overcoming the chicken and egg problem so if the value of an online auction site doesn't get to a frothy level, that doesn't say much either way about Bitcoin itself, I wouldn't think.

klaus
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October 21, 2012, 01:26:22 PM
 #4


Selling stopped by seller

Good news. We have figured out a solution for this problem. Bitmit is not going to be sold. Business as usual.
We are sorry for the insecurity this may have caused.

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aqrulesms
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October 21, 2012, 04:50:49 PM
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Great! I wonder if they simply misinterpreted new laws coming into effect in Hong Kong.


jl2012
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October 22, 2012, 01:17:55 AM
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Great! I wonder if they simply misinterpreted new laws coming into effect in Hong Kong.



Are you from Hong Kong? I can't see any regulation changes here

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October 22, 2012, 02:40:23 AM
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Good news. We have figured out a solution for this problem. Bitmit is not going to be sold. Business as usual.
We are sorry for the insecurity this may have caused.

It's great to see even more well run companies behaving responsibly and predictably instead of randomly and erratically as if 17 year old kids with ADD were at the helm. Onward and upward!

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October 22, 2012, 03:27:38 AM
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Well let's hope for stability. Glad that bitmit is staying open.

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