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oakpacific
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November 09, 2013, 09:28:21 AM |
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I have to take off my hat to BTCChina, it's a weekend and how do they process 200 million CNY? They must have immense clout.
They processed 200 million CNY? Did I overlook something? BTC 80000 volume in a day, 2000-2600 CNY range, mostly up, some significant amount of money must get in I guess, it's very easy to withdraw in China so I guess hardly anyone keep their fiats on the exchange. |
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bobdude17
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November 09, 2013, 09:31:08 AM |
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I think the Shopify news is going to affect the price big time, and soon. I can picture frantic phone calls being made right now.
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Le Happy Merchant
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November 09, 2013, 09:32:50 AM |
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Just saw Bitcoin on Adult Swim bump.
Seems significant.
what? They mentioned the Norway guy in a network commercial. |
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BitThink
Legendary
 Offline
Activity: 882
Merit: 1000
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November 09, 2013, 09:35:55 AM |
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I have to take off my hat to BTCChina, it's a weekend and how do they process 200 million CNY? They must have immense clout.
They processed 200 million CNY? Did I overlook something? BTC 80000 volume in a day, 2000-2600 CNY range, mostly up, some significant amount of money must get in I guess, it's very easy to withdraw in China so I guess hardly anyone keep their fiats on the exchange. Zero trading fee means a large part of the volume is just inside the exchange and no depositing and withdrawing. Moreover, BTCChina currently is using TenPay (a PayPal like service provided by TenCent) for depositing and withdrawing, which is instant and running 24/7. |
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oakpacific
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November 09, 2013, 09:39:01 AM |
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I have to take off my hat to BTCChina, it's a weekend and how do they process 200 million CNY? They must have immense clout.
They processed 200 million CNY? Did I overlook something? BTC 80000 volume in a day, 2000-2600 CNY range, mostly up, some significant amount of money must get in I guess, it's very easy to withdraw in China so I guess hardly anyone keep their fiats on the exchange. Zero trading fee means a large part of the volume is just inside the exchange and no depositing and withdrawing. Moreover, BTCChina currently is using TenPay (a PayPal like service provided by TenCent) for depositing and withdrawing, which is instant and running 24/7. I think not really many trust their fiats with the exchanges, and they don't have to, deposit takes very little time to process anyway. And although Tenpay and Alipay have lax regulations when compared with banks, such money flow is still very noticeable, they would have quite some PR to do to maneuver the authorities(wherever there is money, you can count on them keeping a closer look on it) |
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macsga
Legendary
Offline
Activity: 1484
Merit: 1002
Strange, yet attractive.
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November 09, 2013, 09:40:40 AM |
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Maybe the authorities ARE aware...  |
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spooderman
Legendary
Offline
Activity: 1638
Merit: 1022
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November 09, 2013, 09:41:05 AM |
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shopify gonna start taking btc?
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Sword Smith
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November 09, 2013, 09:44:32 AM |
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Maybe the authorities ARE aware... If they are an are onboard...  |
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rpietila
Donator
Legendary
Offline
Activity: 1722
Merit: 1036
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November 09, 2013, 09:45:06 AM |
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took more losses and bought some more back! My last sale was at 375. My next sell is for 400. thats the best way to do it, sell little bits slowly as its rising. Sell all as soon as possible. It will recover for a time, but each bottom is deeper that the previous one. |
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rpietila
Donator
Legendary
Offline
Activity: 1722
Merit: 1036
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November 09, 2013, 09:45:29 AM |
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USD |
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macsga
Legendary
Offline
Activity: 1484
Merit: 1002
Strange, yet attractive.
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November 09, 2013, 09:50:30 AM |
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USD LOL! |
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BitThink
Legendary
Offline
Activity: 882
Merit: 1000
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November 09, 2013, 09:50:36 AM
Last edit: November 09, 2013, 10:01:27 AM by BitThink |
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The total ask orders is still around 10000B on Mt.Gox, but it increases from 2000 (couple of hours ago) to 5500 on BTCChina. I'm not sure what it means, but could be a sign that BTCChina is going to slow down.
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haightst
Newbie
Offline
Activity: 42
Merit: 0
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November 09, 2013, 09:53:26 AM |
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USD so can I reserve those 700zzz? you never replied?  i'm in California btw!!~thanks in advance! |
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macsga
Legendary
Offline
Activity: 1484
Merit: 1002
Strange, yet attractive.
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November 09, 2013, 09:55:22 AM |
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The total ask orders is still around 10000B on Mt.Gox, but it increases from 2000 to 5500 on BTCChina. I'm not sure what it means, but could be a sign that BTCChina is going to slow down.
In theory, the coins to trade *should* be less day by day. Big players should have got their $ by now and smaller players are now holding their part of BTC. From what I understand; the idea is for the coins to spread... |
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ChartBuddy
Legendary
Offline
Activity: 2170
Merit: 1776
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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November 09, 2013, 10:01:43 AM |
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spooderman
Legendary
Offline
Activity: 1638
Merit: 1022
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November 09, 2013, 10:03:04 AM |
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this feels like early bubble. shouldn't pop until 8/900s I think.
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haightst
Newbie
Offline
Activity: 42
Merit: 0
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November 09, 2013, 10:06:42 AM |
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The total ask orders is still around 10000B on Mt.Gox, but it increases from 2000 to 5500 on BTCChina. I'm not sure what it means, but could be a sign that BTCChina is going to slow down.
In theory, the coins to trade *should* be less day by day. Big players should have got their $ by now and smaller players are now holding their part of BTC. From what I understand; the idea is for the coins to spread... #IMO====> Big players = BITCOIN Smaller players = ALTCOINS( LTC/DGC/BTE////etc etcc,,...) |
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macsga
Legendary
Offline
Activity: 1484
Merit: 1002
Strange, yet attractive.
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November 09, 2013, 10:08:59 AM |
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Well; can't wait for the $400 mark...  |
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ErisDiscordia
Legendary
Offline
Activity: 1133
Merit: 1163
Imposition of ORder = Escalation of Chaos
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November 09, 2013, 10:14:16 AM |
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Also, someone had best be timelapsing bitcoinity at all times!
I like this idea. If someone would set up a dedicated machine for this purpose, I'd be willing to send some satoshis that way for maintenance costs  |
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