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lemmyK
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October 30, 2015, 08:24:14 PM |
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C'mon chinese! what are you waiting for?  |
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Every time a block is mined, a certain amount of BTC (called the
subsidy) is created out of thin air and given to the miner. The
subsidy halves every four years and will reach 0 in about 130 years.
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Dilla
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October 30, 2015, 08:27:45 PM |
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They're sleeping. Jeez boys calm your tits. We're still over $320
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bad trader
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October 30, 2015, 08:32:06 PM |
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Are you looking at BitcoinWisdom? Yes. The USD equivalent of Chinese prices is computed using some currency exchange rate. IIRC, BitcoinWisdom was obtaining the exchange rate from some standard site like Google or Yahoo. However, BitcoinWisdom's owner seems to be rather absent of late: he hasn't logged on bitcointalk since 2015-08-27, and his most recent post was on 2015-07-14. So, maybe the CNY:USD exchange rate is out of date. The CNY was recently devaluated, so that may explain the apparent discrepancy between Chinese and Western prices. That's one possibility. Or maybe the arbitrageurs use their own rate for some reason. |
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chennan
Legendary
 Offline
Activity: 1316
Merit: 1004
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October 30, 2015, 08:36:34 PM |
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They're sleeping. Jeez boys calm your tits. We're still over $320
That's what I really hope is going on... I mean hell, earlier this morning I saw it go down $7 in a matter of a minute or two... I feel that maybe we'll be alright after all now that I think about it more. |
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gentlemand
Legendary
Offline
Activity: 2590
Merit: 3013
Welt Am Draht
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October 30, 2015, 08:38:59 PM |
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This China dependency is a little disheartening and shows that we haven't really budged all that far in the last couple of years.
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Dilla
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October 30, 2015, 08:40:01 PM |
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They're sleeping. Jeez boys calm your tits. We're still over $320
That's what I really hope is going on... I mean hell, earlier this morning I saw it go down $7 in a matter of a minute or two... I feel that maybe we'll be alright after all now that I think about it more. There will be corrections from a rise. Look how much we've gone up all green lately without a big drop down, we haven't seen this in a long time. Minor $10 corrections aren't much in Bitcoin. |
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dothebeats
Legendary
Offline
Activity: 3640
Merit: 1352
Cashback 15%
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October 30, 2015, 08:40:40 PM |
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They're sleeping. Jeez boys calm your tits. We're still over $320
That's what I really hope is going on... I mean hell, earlier this morning I saw it go down $7 in a matter of a minute or two... I feel that maybe we'll be alright after all now that I think about it more. It's 4:35 am in Shanghai right now, so I think you shouldn't sweat that much on the price. Also, it's a weekend today so I guess they might be resting (which never happened lol). Calm down, dude. The Chinese won't be happy with only a hundred dollar profit per coin seeing that they already made noise in the trading scene. |
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dre1982
Sr. Member
Offline
Activity: 770
Merit: 284
★Bitvest.io★ Play Plinko or Invest!
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October 30, 2015, 08:41:03 PM |
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Going down. Bye!
lol. went up a lot so a little correction isn't that bad. |
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dothebeats
Legendary
Offline
Activity: 3640
Merit: 1352
Cashback 15%
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October 30, 2015, 08:42:39 PM |
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This China dependency is a little disheartening and shows that we haven't really budged all that far in the last couple of years.
You cannot disregard the fact that we really are depending on China on some bull runs. They have the money to start such a feat, we are only there to follow suite and do as what they do for profits. |
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peonminer
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October 30, 2015, 08:53:18 PM |
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Strange things are afoot, gentlemen. Unusual things.    |
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bad trader
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October 30, 2015, 08:56:43 PM |
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Strange things are afoot, gentlemen. Unusual things. I don't see anything unusual about this. |
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SnokkomBTC
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October 30, 2015, 08:57:50 PM |
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go away bears  |
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Dilla
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October 30, 2015, 08:59:44 PM |
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Peonminer, 40-100cny fluctuations isn't that much. Take a deep breath, and look at the one month chart. We good dude!
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ChartBuddy
Legendary
Offline
Activity: 2170
Merit: 1776
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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October 30, 2015, 09:01:34 PM |
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!! pop
Newbie
Offline
Activity: 56
Merit: 0
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October 30, 2015, 09:13:19 PM |
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Peonminer, 40-100cny fluctuations isn't that much. Take a deep breath, and look at the one month chart. We good dude!
You'll be fine... http://s27.postimg.org/uja4qonvn/itsok.jpg |
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