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tooil
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August 25, 2014, 05:55:26 PM |
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so, the last time btc china had no fees, we had a bubble.
does that mean that we will have an downward bubble now?
BTC china make money on deposit fee as oppose to trading fee on other exchanges. And there is no correlation between fee and bubble. |
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fonzie
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August 25, 2014, 05:57:21 PM |
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BTCChina
BTW: I stopped using any kind of TA, i´m only using the Walsoraj indicator for now.
so, the last time btc china had no fees, we had a bubble. does that mean that we will have an downward bubble now? Probably yes, keep up putting that shorts tarmi!  |
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Gimmelfarb
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August 25, 2014, 05:57:25 PM |
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Can´t wait for that LTC short squeeze on Finex, orderbook (3:1 bullish for 0,70$ difference) and shorts stats still look funny.
LTC is very dangerous right now. while a short squeeze is possible, i think it's more likely that the top is in for now. if 31~ CNY support falters, i could see a steep fall ahead... |
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ChartBuddy
Legendary
 Offline
Activity: 2184
Merit: 1778
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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August 25, 2014, 05:59:28 PM |
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fonzie
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August 25, 2014, 06:00:12 PM |
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Can´t wait for that LTC short squeeze on Finex, orderbook (3:1 bullish for 0,70$ difference) and shorts stats still look funny.
LTC is very dangerous right now. while a short squeeze is possible, i think it's more likely that the top is in for now. if 31~ CNY support falters, i could see a steep fall ahead...  LTC shorters, ~150k (down from 200K a day ago) are probably still sweatin right now. |
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tarmi
Legendary
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Activity: 1218
Merit: 1010
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August 25, 2014, 06:00:43 PM |
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Can´t wait for that LTC short squeeze on Finex, orderbook (3:1 bullish for 0,70$ difference) and shorts stats still look funny.
LTC is very dangerous right now. while a short squeeze is possible, i think it's more likely that the top is in for now. if 31~ CNY support falters, i could see a steep fall ahead... very true. actually, I have a feeling that this bitcoin bounce from 440 territory is ltc related. someone pumped some fresh fiat from btc-e and bitfinex bitcoin liquidations into highly illiquid ltc market, hoping for a major btc push. not going to happen. |
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Walsoraj
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August 25, 2014, 06:03:51 PM |
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fonzie,
Do not try to acquire more fiat. That's impossible. Instead try to realize the truth: There is no fiat.
Then you'll see that we escaped Earth's gravity well long ago. It is not your fiat that increases, but your rocket thrust that decreases.
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fonzie
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August 25, 2014, 06:07:46 PM |
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fonzie,
Do not try to acquire more fiat. That's impossible. Instead try to realize the truth: There is no fiat.
Then you'll see that we escaped Earth's gravity well long ago. It is not your fiat that increases, but your rocket thrust that decreases.
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JorgeStolfi
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August 25, 2014, 06:16:00 PM |
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BTCChina  I think BTC-China always had fees until recently perhaps. What happened in Dec/19 is that they lost the deposit channel via bank transfer. They came up with a voucher system that apparently was not popular, while Huobi and OKCoin found a way to continue using banks for deposit. I don't know exactly what is the reason for their recent revival: they accept USD and HKD deposits, they have a mobile trading app, they may have eliminated the trading fees... |
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macsga
Legendary
Offline
Activity: 1484
Merit: 1002
Strange, yet attractive.
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August 25, 2014, 06:18:01 PM |
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We could definitely see some upward move now. CCMF soon?  |
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fonzie
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August 25, 2014, 06:19:18 PM
Last edit: August 25, 2014, 06:39:20 PM by fonzie |
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BTCChina
I think BTC-China always had fees until recently perhaps. What happened in Dec/19 is that they lost the deposit channel via bank transfer. They came up with a voucher system that apparently was not popular, while Huobi and OKCoin found a way to continue using banks for deposit. I don't know exactly what is the reason for their recent revival: they accept USD and HKD deposits, they have a mobile trading app, they may have eliminated the trading fees... I´m almost 100% sure that they had no fees during the Nov/Dec bubble, maybe you could check out @JorgeStolfis posting history from that time, i´m pretty sure that he analyzed that, he´s a pro, but i´m too lazy to look by myself right now.  Edit: Found this: http://www.coindesk.com/bitcoin-exchange-btc-china-eliminates-trading-fees/ from September 24, 2013 |
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3x2
Legendary
Offline
Activity: 1526
Merit: 1004
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August 25, 2014, 06:23:26 PM |
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BTC is stuck around 500$
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Torque
Legendary
Offline
Activity: 3570
Merit: 5043
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August 25, 2014, 06:23:52 PM |
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There is absolutely NO WAY an international trading market would settle in sideways EXACTLY @ $500 price point on its own. Absolutely no way.
Only way is colluding whales could stick it there.
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X7
Legendary
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Activity: 1162
Merit: 1009
Let he who is without sin cast the first stone
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August 25, 2014, 06:27:09 PM |
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There is absolutely NO WAY an international trading market would settle in sideways EXACTLY @ $500 price point on its own. Absolutely no way.
Only way is colluding whales could stick it there.
Don't act so surprised |
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Sandia
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August 25, 2014, 06:28:27 PM |
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The short term symmetric triangle will break in the next 7-8 hours. That should be bullish.
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klee
Legendary
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Activity: 1498
Merit: 1000
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August 25, 2014, 06:30:15 PM |
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BTC is stuck around 500$
500$ is the new 5$ |
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Patel
Legendary
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Activity: 1321
Merit: 1007
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August 25, 2014, 06:33:33 PM |
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BTC is stuck around 500$
500$ is the new 5$ klee, did you ever get the other half of your coins back? |
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teskky721
Newbie
Offline
Activity: 34
Merit: 0
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August 25, 2014, 06:38:28 PM |
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I think BTC-China always had fees until recently perhaps. What happened in Dec/19 is that they lost the deposit channel via bank transfer. They came up with a voucher system that apparently was not popular, while Huobi and OKCoin found a way to continue using banks for deposit. I don't know exactly what is the reason for their recent revival: they accept USD and HKD deposits, they have a mobile trading app, they may have eliminated the trading fees... I thought the voucher system had been banned in China, but I must have been wrong. It beats me how their exchanges are still operating with all the hostility from the Chinese government. |
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klee
Legendary
Offline
Activity: 1498
Merit: 1000
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August 25, 2014, 06:50:53 PM |
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BTC is stuck around 500$
500$ is the new 5$ klee, did you ever get the other half of your coins back? I got 450 out of 1170btc and nothing from 7M nxt |
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Walsoraj
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August 25, 2014, 06:59:08 PM |
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BTCChina I think BTC-China always had fees until recently perhaps. What happened in Dec/19 is that they lost the deposit channel via bank transfer. They came up with a voucher system that apparently was not popular, while Huobi and OKCoin found a way to continue using banks for deposit. I don't know exactly what is the reason for their recent revival: they accept USD and HKD deposits, they have a mobile trading app, they may have eliminated the trading fees... I thought the voucher system had been banned in China, but I must have been wrong. It beats me how their exchanges are still operating with all the hostility from the Chinese government. Coinbase is probably depositing to chinese overseas operations. http://www.coindesk.com/chinese-bitcoin-exchanges-prepare-to-move-operations-overseas/ |
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