BTCMILLIONAIRE
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December 08, 2017, 12:32:08 AM |
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So it's 2.5 mio BTC/KRW ($23K) on Bithumb and 2.4 mio BTC/JPY ($21.5K) on BitFlyer. Even GDAX almost got to USD$20K. Global BTC daily volume almost $20 billion and network buckling under 200K tx pending, with most of spam tx out of mempool now due to timeout. So when are we going to see even the old hands on deck, who got thru all these years somewhat unscathed, become scared? Unless you are margin trading, what is there to be scared of? Missing out on double moons? There's some insane money to be made that nobody will ever pick up from perfect trades.
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There are several different types of Bitcoin clients. The most secure are full nodes like Bitcoin Core, which will follow the rules of the network no matter what miners do. Even if every miner decided to create 1000 bitcoins per block, full nodes would stick to the rules and reject those blocks.
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kurious
Legendary
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Activity: 2590
Merit: 1643
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December 08, 2017, 12:33:23 AM |
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So is it virtual USD?
It's real KRW and unless you can open a Korean bank account, and you can't, you don't get to play with it. Ok, thanks, I get it. There must be some looking to find a way at this rate differential, though.
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HairyMaclairy
Legendary
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Activity: 1414
Merit: 2174
Degenerate bull hatter & Bitcoin monotheist
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December 08, 2017, 12:34:12 AM |
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Beecoin Crash at 0.072. Might be a good trade
More to come. Still ripening in the sun. 0.05. I can feel it down in my plums. House of Cards, starring Roger Ver.
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Icygreen
Legendary
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Activity: 1463
Merit: 1135
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December 08, 2017, 12:34:19 AM |
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So is it virtual USD?
It's real KRW and unless you can open a Korean bank account, and you can't, you don't get to play with it. There's also a very real chance that even if you could arb this, you'd end up buying higher after long confirmation times and 3 day wire transfer.
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LewisPirenne
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December 08, 2017, 12:35:39 AM |
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I doubt that old hands are scared of price movement since BTC can pull a 80% and hodlers wouldn't even blink.
But it may pull a premature over-reaction from one of government (e.g. South Korea) and having huge spike in tx when network capacity is only around 500K (even with Segwit) may put pressure on dev team to do something rash without thorough testing.
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fabiorem
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December 08, 2017, 12:38:27 AM |
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Beecoin Crash at 0.072. Might be a good trade
More to come. Still ripening in the sun. 0.05. I can feel it down in my plums. House of Cards, starring Roger Ver. More like House of Forks.
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yefi
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Activity: 2842
Merit: 1511
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December 08, 2017, 12:41:19 AM |
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Yeah - I sent the BTG from Coinomi to Bittrex and even with passport etc, I could still only take out up to 0.4 BTC a day. Yuk! Really? Are you enhanced? I've got like a 100 BTC limit.
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Rosewater Foundation
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December 08, 2017, 12:46:50 AM |
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Yeah - I sent the BTG from Coinomi to Bittrex and even with passport etc, I could still only take out up to 0.4 BTC a day. Yuk! Really? Are you enhanced? I've got like a 100 BTC limit. I got human enhancement package number 347, bio-luminescent nutsack. Highly recommended.
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BTCMILLIONAIRE
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December 08, 2017, 12:47:14 AM |
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I doubt that old hands are scared of price movement since BTC can pull a 80% and hodlers wouldn't even blink.
But it may pull a premature over-reaction from one of government (e.g. South Korea) and having huge spike in tx when network capacity is only around 500K (even with Segwit) may put pressure on dev team to do something rash without thorough testing.
Governments aren't supposed to have anything to really say in crypto. That's what it was created for.
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kurious
Legendary
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Activity: 2590
Merit: 1643
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December 08, 2017, 12:53:52 AM |
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Yeah - I sent the BTG from Coinomi to Bittrex and even with passport etc, I could still only take out up to 0.4 BTC a day. Yuk! Really? Are you enhanced? I've got like a 100 BTC limit. I only got to first level. I didn't see upper level even after I sent passport, maybe they didn't like my passport pic!
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pfrtlpfmpf
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December 08, 2017, 12:58:41 AM |
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I love it. Think about that: Noobs (not stupid people, but not familiar with this space, and are worth trillions), coming in now, wanting to participate. So, one bitcoin, we want a whole one (however that makes sense, or not !), is 16000 USD. Well, you have to start somewhere. Aw, fck, i´m in ! . . . . . .
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gembitz
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December 08, 2017, 01:08:49 AM |
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Yeah - I sent the BTG from Coinomi to Bittrex and even with passport etc, I could still only take out up to 0.4 BTC a day. Yuk! Really? Are you enhanced? I've got like a 100 BTC limit. friends don't let friends use bittrex :\ meh
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jojo69
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Activity: 3164
Merit: 4345
diamond-handed zealot
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December 08, 2017, 01:16:17 AM |
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The banks panicking and trying to walk back the futures decision just underlines the threat they feel...people are getting it
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BTCMILLIONAIRE
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December 08, 2017, 01:18:08 AM |
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The banks panicking and trying to walk back the futures decision just underlines the threat they feel...people are getting it
Source?
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vamos1
Jr. Member
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Activity: 38
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December 08, 2017, 01:19:35 AM |
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lightfoot
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Activity: 3108
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I fix broken miners. And make holes in teeth :-)
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December 08, 2017, 01:26:14 AM |
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So short Bank of America and ML? Got it....
They're starting this Sunday? Oh boy.....
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jojo69
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Activity: 3164
Merit: 4345
diamond-handed zealot
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December 08, 2017, 01:28:59 AM |
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Is anyone else starting to feel a little sick?
pile of NASA logo barf bags over there...grab one
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gentlemand
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Activity: 2590
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Welt Am Draht
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December 08, 2017, 01:32:36 AM |
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So is it virtual USD?
It's real KRW and unless you can open a Korean bank account, and you can't, you don't get to play with it. There's also a very real chance that even if you could arb this, you'd end up buying higher after long confirmation times and 3 day wire transfer. It's been like it for a long arse time, this is from 2015 - https://medium.com/cryptonight/investigating-the-great-korean-bitcoin-arbitrage-opportunity-32e4e547a730If it could be cracked it would've been.
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Paashaas
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Activity: 3427
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December 08, 2017, 01:36:14 AM |
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WTF is the deal with these korean exchanges, are they a new hub for chinese money or something like that?
They're starting to realize that Rogers Bcash is the fake Bitcoin.
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jojo69
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Activity: 3164
Merit: 4345
diamond-handed zealot
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December 08, 2017, 01:38:28 AM |
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good lord WOTPCP is becoming an immanent possibility...er...pass over one of those NLBBs please
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