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Cconvert2G36
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October 31, 2015, 05:43:39 AM |
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Of course XT was a factor in the drag down. Not because it simply existed, but because it highlighted a major impediment to growing the network. I fully expect core will be compelled to do something in jan 2016, if not, it means they have been captured by (not so hard to discern) external forces. |
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xxxxxzzzzz
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Activity: 72
Merit: 11
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October 31, 2015, 05:57:10 AM |
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Just thought I'd point out the current CNY USD rate , per today according to http://www.bloomberg.com/quote/USDCNY:CUR , to dispel any notion that the chinese exchanges are not running at a +$25 differential to the western exchanges as a result of a not updated exchange rate on bitcoinwisdom and whatever other btc price trackers are being used - yes it's true the CNY has devalued somewhat the past couple days/weeks , but , they are indeed trading at ~$350 USD per current spot rate (2215 / 6.3174 = $350.62) at time of this post. The CNY would have to be devalued by roughly 9% additionally VS USD (a rate of 6.8154) to be considered to be trading at an equivalent price. Since a 9% devaluation overnight of the CNY is highly unlikely to say the least , it's up to the western exchanges to catch up at this point to their $350 (or at least we should have pretty good justification not to dump alongside the chinese exchanges , which are in fact most certainly already trading at a significantly higher rate). |
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ChartBuddy
Legendary
 Online
Activity: 2898
Merit: 2496
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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October 31, 2015, 06:01:31 AM |
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BlindMayorBitcorn
Legendary
Offline
Activity: 1260
Merit: 1116
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October 31, 2015, 06:07:09 AM |
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Of course XT was a factor in the drag down. Not because it simply existed, but because it highlighted a major impediment to growing the network. I fully expect core will be compelled to do something in jan 2016, if not, it means they have been captured by (not so hard to discern) external forces. I predict half a dozen side-chains all starting with 'L'. |
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adamstgBit
Legendary
Offline
Activity: 1904
Merit: 1039
Trusted Bitcoiner
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October 31, 2015, 06:08:08 AM |
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Just thought I'd point out the current CNY USD rate , per today according to http://www.bloomberg.com/quote/USDCNY:CUR , to dispel any notion that the chinese exchanges are not running at a +$25 differential to the western exchanges as a result of a not updated exchange rate on bitcoinwisdom and whatever other btc price trackers are being used - yes it's true the CNY has devalued somewhat the past couple days/weeks , but , they are indeed trading at ~$350 USD per current spot rate (2215 / 6.3174 = $350.62) at time of this post. The CNY would have to be devalued by roughly 9% additionally VS USD (a rate of 6.8154) to be considered to be trading at an equivalent price. Since a 9% devaluation overnight of the CNY is highly unlikely to say the least , it's up to the western exchanges to catch up at this point to their $350 (or at least we should have pretty good justification not to dump alongside the chinese exchanges , which are in fact most certainly already trading at a significantly higher rate). CNY devalued recently China man buys a lot of bitcoin. makes sense |
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adamstgBit
Legendary
Offline
Activity: 1904
Merit: 1039
Trusted Bitcoiner
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October 31, 2015, 06:09:44 AM |
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here we go bouncing above 335  |
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adamstgBit
Legendary
Offline
Activity: 1904
Merit: 1039
Trusted Bitcoiner
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October 31, 2015, 06:11:58 AM |
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fuck man the guest at my gf halloween party just won't leave, i made a "last little coffee" and everything, STFU and go home poeple.  |
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Scream
Sr. Member
Offline
Activity: 476
Merit: 250
U will never know the true answer, before you try
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October 31, 2015, 06:15:03 AM |
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Just thought I'd point out the current CNY USD rate , per today according to http://www.bloomberg.com/quote/USDCNY:CUR , to dispel any notion that the chinese exchanges are not running at a +$25 differential to the western exchanges as a result of a not updated exchange rate on bitcoinwisdom and whatever other btc price trackers are being used - yes it's true the CNY has devalued somewhat the past couple days/weeks , but , they are indeed trading at ~$350 USD per current spot rate (2215 / 6.3174 = $350.62) at time of this post. The CNY would have to be devalued by roughly 9% additionally VS USD (a rate of 6.8154) to be considered to be trading at an equivalent price. Since a 9% devaluation overnight of the CNY is highly unlikely to say the least , it's up to the western exchanges to catch up at this point to their $350 (or at least we should have pretty good justification not to dump alongside the chinese exchanges , which are in fact most certainly already trading at a significantly higher rate). CNY devalued recently China man buys a lot of bitcoin.
makes sense i think we can't trust Chinese market, the volume market is "fake" he use leverage to increase market volume "loan system and 0% fee" make me doubt to trust chinese volume |
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BlindMayorBitcorn
Legendary
Offline
Activity: 1260
Merit: 1116
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October 31, 2015, 06:17:26 AM |
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fuck man the guest at my gf halloween party just won't leave, i made a "last little coffee" and everything, STFU and go home poeple. I think Nostradamus predicted that would happen. Just thought I'd point out the current CNY USD rate , per today according to http://www.bloomberg.com/quote/USDCNY:CUR , to dispel any notion that the chinese exchanges are not running at a +$25 differential to the western exchanges as a result of a not updated exchange rate on bitcoinwisdom and whatever other btc price trackers are being used - yes it's true the CNY has devalued somewhat the past couple days/weeks , but , they are indeed trading at ~$350 USD per current spot rate (2215 / 6.3174 = $350.62) at time of this post. The CNY would have to be devalued by roughly 9% additionally VS USD (a rate of 6.8154) to be considered to be trading at an equivalent price. Since a 9% devaluation overnight of the CNY is highly unlikely to say the least , it's up to the western exchanges to catch up at this point to their $350 (or at least we should have pretty good justification not to dump alongside the chinese exchanges , which are in fact most certainly already trading at a significantly higher rate). CNY devalued recently China man buys a lot of bitcoin.
makes sense i think we can't trust Chinese market, the volume market is "fake" he use leverage to increase market volume "loan system and 0% fee" make me doubt to trust chinese volume And that. |
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dothebeats
Legendary
Offline
Activity: 3878
Merit: 1357
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October 31, 2015, 06:20:18 AM |
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Sitting at $326. Seems like not everyone is in the mood to be bullish today.
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Cconvert2G36
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October 31, 2015, 06:34:06 AM |
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~Taps lightly on volumizer~
Is this thing on?
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dothebeats
Legendary
Offline
Activity: 3878
Merit: 1357
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October 31, 2015, 06:40:23 AM |
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~Taps lightly on volumizer~
Is this thing on?
Most are probably sleeping or working right now. As for the rally, the Chinese seemed to take a break. |
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JorgeStolfi
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October 31, 2015, 06:54:21 AM |
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Just thought I'd point out the current CNY USD rate , per today according to http://www.bloomberg.com/quote/USDCNY:CUR , to dispel any notion that the chinese exchanges are not running at a +$25 differential to the western exchanges as a result of a not updated exchange rate on bitcoinwisdom and whatever other btc price trackers are being used - yes it's true the CNY has devalued somewhat the past couple days/weeks , but , they are indeed trading at ~$350 USD per current spot rate (2215 / 6.3174 = $350.62) at time of this post. The CNY would have to be devalued by roughly 9% additionally VS USD (a rate of 6.8154) to be considered to be trading at an equivalent price. Since a 9% devaluation overnight of the CNY is highly unlikely to say the least , it's up to the western exchanges to catch up at this point to their $350 (or at least we should have pretty good justification not to dump alongside the chinese exchanges , which are in fact most certainly already trading at a significantly higher rate). Thanks for doing the math that I should have done. So the difference is real and not due to the exchange rate; and it is new (on June 19, for example, the prices were ~1422 CNY and ~228 USD, which are consistent with the exchange rate at the time, 1:6.21.) |
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Cconvert2G36
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October 31, 2015, 06:54:32 AM |
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~Taps lightly on volumizer~
Is this thing on?
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ChartBuddy
Legendary
Online
Activity: 2898
Merit: 2496
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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October 31, 2015, 07:01:31 AM |
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ChartBuddy
Legendary
Online
Activity: 2898
Merit: 2496
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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October 31, 2015, 08:01:35 AM |
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bad trader
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October 31, 2015, 08:05:38 AM |
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Just thought I'd point out the current CNY USD rate , per today according to http://www.bloomberg.com/quote/USDCNY:CUR , to dispel any notion that the chinese exchanges are not running at a +$25 differential to the western exchanges as a result of a not updated exchange rate on bitcoinwisdom and whatever other btc price trackers are being used - yes it's true the CNY has devalued somewhat the past couple days/weeks , but , they are indeed trading at ~$350 USD per current spot rate (2215 / 6.3174 = $350.62) at time of this post. The CNY would have to be devalued by roughly 9% additionally VS USD (a rate of 6.8154) to be considered to be trading at an equivalent price. Since a 9% devaluation overnight of the CNY is highly unlikely to say the least , it's up to the western exchanges to catch up at this point to their $350 (or at least we should have pretty good justification not to dump alongside the chinese exchanges , which are in fact most certainly already trading at a significantly higher rate). Despite this, the exchanges seem to move in lockstep, which is weird. |
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rjclarke2000
Legendary
Offline
Activity: 1358
Merit: 1016
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October 31, 2015, 08:36:09 AM |
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fuck man the guest at my gf halloween party just won't leave, i made a "last little coffee" and everything, STFU and go home poeple. Try talking about Bitcoin. That usually makes my friends leave. Works a treat. |
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Fatman3001
Legendary
Offline
Activity: 1554
Merit: 1014
Make Bitcoin glow with ENIAC
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October 31, 2015, 08:40:06 AM |
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fuck man the guest at my gf halloween party just won't leave, i made a "last little coffee" and everything, STFU and go home poeple. Try talking about Bitcoin. That usually makes my friends leave. Works a treat. +1 Tested and recommended. Anyhew, get ready for the Permanent Revolution Bubble!  |
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noobtrader
Legendary
Offline
Activity: 1456
Merit: 1000
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October 31, 2015, 08:50:36 AM |
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fuck man the guest at my gf halloween party just won't leave, i made a "last little coffee" and everything, STFU and go home poeple. Try talking about Bitcoin. That usually makes my friends leave. Works a treat. +1 Tested and recommended. Anyhew, get ready for the Permanent Revolution Bubble! u mean Perpetual bubble...  |
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