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Davyd05
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February 01, 2014, 10:50:52 AM |
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No sane person is gonna throw some money in now because they know this.
Meet one such insane person.  Just bought a 2-digit amount of bitcoins and removed them from the order book. I wonder, if everyone reading this thread bought something between 0.5 and 1 BTC and moved it out of the exchange, would that give the price a nudge in the upward direction? I think most people who chat here buy a 3 digit amount of btc, tis but a dream of mine now  , but at least im in rp's top 70k lol edit thought I had more time in the 140-320 range lol, was too slow then  |
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JorgeStolfi
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February 01, 2014, 11:10:03 AM |
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I am tired of this range.
It looks like Huobi and OKCoin will see even less volume today than they did yesterday (well under 10 kBTC), so the price will probably stay where it is. This could be a chance for the non-Chinese exchanges to retake control of the market. But their volume too is very low, probably still lower than the Chinese. MtGOX has some volume but most of of it may be fake, since it is fairly regular, does not sleep at night, and started suddenly around 13:00 UTC yesterday (Jan/31); it could be an improved version of the ping-pong robot. Which makes me ask again the question: volume and price changes, which is the cause and which is the effect? Or are they like chicken and egg? |
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TERA
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February 01, 2014, 11:20:57 AM |
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Exchanges are having record low volume and prices are just floating up with no resistance.
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magicmexican
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February 01, 2014, 11:35:32 AM |
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Well, at least ltc is moving
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billyjoeallen
Legendary
 Offline
Activity: 1106
Merit: 1007
Hide your women
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February 01, 2014, 11:56:55 AM |
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Exchanges are having record low volume and prices are just floating up with no resistance.
you say that like it's a bad thing. |
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JorgeStolfi
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February 01, 2014, 11:58:25 AM |
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From BTC-China's English-language page: "With the most buyers and sellers, BTC China has the highest trading volumes in China, and offers the most liquidity of all exchanges." Really?
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dgarcia
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February 01, 2014, 12:01:34 PM |
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From BTC-China's English-language page: "With the most buyers and sellers, BTC China has the highest trading volumes in China, and offers the most liquidity of all exchanges." Really?
From the Mt. Gox English-language page: "Trade with confidence on the world's largest Bitcoin exchange!", Really? |
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ShroomsKit
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February 01, 2014, 12:30:07 PM |
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How insulting for bitcoin.
Overstock adopts bitcoin... crash
Tiger direct adopts bitoin... crash
Porn.com, vegas casinos, and various other adoptions... crash
Positive hearings and conferences... crash
Btcchina enables direct deposits... oh... TO THE MOON!
Actually the positive China news does very little either. People need to get some balls and get over this 920-950 thing (or similar ranges on other exchanges) instead of immediately selling if the price goes up 5 dollars. This mindset is the only thing that's holding it back. And because people are dump sheep everybody is afraid to be the first not to sell and let it go over 1000. And even if they do only 1 person has to dump 50 coins and the lemmings completely panic and all sell till we're back at 920. No sane person is gonna throw some money in now because they know this. No it looks different this time. The order book on Bitstamp and Bitfinex are going bananas. I hope so. Tired of this. |
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niothor
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February 01, 2014, 12:38:07 PM |
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How insulting for bitcoin.
Overstock adopts bitcoin... crash
Tiger direct adopts bitoin... crash
Porn.com, vegas casinos, and various other adoptions... crash
Positive hearings and conferences... crash
Btcchina enables direct deposits... oh... TO THE MOON!
Did I miss something? |
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JorgeStolfi
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February 01, 2014, 12:41:32 PM |
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What is a "market maker"? How does the new BTC-China "market maker reward" work? Has it been tested in other markets before?
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600watt
Legendary
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Activity: 2338
Merit: 2106
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February 01, 2014, 12:52:41 PM |
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811 on stamp.
epic rally.
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Searing
Copper Member
Legendary
Offline
Activity: 2898
Merit: 1464
Clueless!
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February 01, 2014, 12:58:35 PM |
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Well you'd think this bit of news.....even though it was said 1 month of so ago...would have some modest impact now that it is official today http://www.theverge.com/2014/1/31/5364406/bitcoin-miners-investors-not-regulated-fincen-rulingbitcoin miners for personal use and bitcoin investors in the usa not reguired to register as money xfer services etc etc hey it an't much...but it only become official when it hits the regulation books and is printed....ie nothing was changed since last month anyway at least that much is locked in (grasping for straws here is likely...oh well hopefully on less thing to think about hitting the skids with the regulators at least in usa.) Searing |
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TERA
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February 01, 2014, 01:07:34 PM |
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The program is called Maker Taker, not Market Maker.
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JorgeStolfi
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February 01, 2014, 01:36:49 PM |
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Thanks! But I still do not understand BTC-China's reward scheme... |
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granathus
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February 01, 2014, 01:40:22 PM |
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Some reluctant upwards movement on Stamp and BTC-e atm... Not much yet, but kinda refreshing.
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DougTanner
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February 01, 2014, 01:40:24 PM |
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I think we're finally breaking out!   |
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manfred
Legendary
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Activity: 966
Merit: 1001
Energy is Wealth
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February 01, 2014, 01:42:14 PM |
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Thanks! But I still do not understand BTC-China's reward scheme... Market makerMaker Taker -> You generate the volume you are awarded the reward |
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FNG
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February 01, 2014, 01:46:11 PM |
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CCMF
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libity
Newbie
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Activity: 33
Merit: 0
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February 01, 2014, 01:49:10 PM |
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All aboard!
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billyjoeallen
Legendary
Offline
Activity: 1106
Merit: 1007
Hide your women
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February 01, 2014, 01:49:33 PM |
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now we're getting some volume!
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Poll
