adamstgBit
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Trusted Bitcoiner
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September 07, 2013, 09:20:21 PM |
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enjoy your weekend everyone! there have been a few request for chart buddy, to change the graph slightly i would like to see chart budy include a few stats in his posts. last price vol, X Dollars to 180 X Bitcoin to 90 ... also he could post a lot of charts, bid ask sum etc.. and only post every hour or 2 idk anyway thank you to rocky420 for making chart buddy!
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coolbeans94
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September 07, 2013, 09:42:25 PM |
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A new US-based exchange (CoinMKT.com) opened last night with Dwolla as a deposit option. It will be interesting to see if this has any affect going forward.
US-based, professional looking site, multiple currencies, founders show their face publicly ( https://coinmkt.com/#/about_us) and are not dodging AML&KYC compliance. Interesting. Definitely keep an eye on this exchange. Model turned MSB? http://www.travisskweres.com/#/modelingThat is strange. He is a model?
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lucas.sev
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September 07, 2013, 10:20:12 PM |
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past performance does not guarantee future resultsI looked at the past price action and I have not seen an example where correction this strong did not break a short trem uptrend. April bubble on the picture.
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Walsoraj
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September 07, 2013, 10:33:24 PM |
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That volume (or lack thereof)... lol. Steadily climbing price with historically low volume is red flag for manipulation, especially in speculative markets like stocks. You can find countless examples in the arena of penny stocks. Good job bots. *edit* I shouldn't give all the credit to bots. Gox preventing USD withdrawals certainly assisted the bots.
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pepto
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September 07, 2013, 10:38:30 PM |
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I tried twice to register at CoinMKT using two different everyday email addresses and it said that each was already in use by someone.
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FullLife
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September 07, 2013, 10:53:37 PM |
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I tried twice to register at CoinMKT using two different everyday email addresses and it said that each was already in use by someone. I'm assuming these are your email addresses? If so, that's pretty strange. It is a new site though, so I'm sure they have their bugs to work out.
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MickeyT2008
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This account was recently hacked
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September 07, 2013, 11:04:24 PM |
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There's lots of complaints about not being able to get USD out of Gox, but is it still easy to get GBP into Gox? I know Bitstamp is a little cheaper but Bitstamp obviously have to pass their records onto the inland revenue. This isn't an issue now because I don't have any spare money, I'm just curious for future reference. Bitstamp might be in the UK but for some reason they only trade in USD, BTC-e don't do GBP either so there would be an exchange fee.
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derpinheimer
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September 07, 2013, 11:23:01 PM |
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past performance does not guarantee future resultsI looked at the past price action and I have not seen an example where correction this strong did not break a short trem uptrend. April bubble on the picture. Personally I think its going to bottom out around $114 some time next week, but of course... I'm usually wrong. As a side note, my buy was 29c from the bottom. I dont feel bad about moving my bid from 122 to 121 anymore I sold at 128.74 - definitely did not expected to go to $131. However I think thats the short term top. At least, I hope it is... This volume is spectacularly boring.
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ArticMine
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Monero Core Team
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September 07, 2013, 11:27:43 PM |
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That volume (or lack thereof)... lol. Steadily climbing price with historically low volume is red flag for manipulation, especially in speculative markets like stocks. You can find countless examples in the arena of penny stocks. Good job bots. *edit* I shouldn't give all the credit to bots. Gox preventing USD withdrawals certainly assisted the bots. Yes falling volume is an indicator of a weakening trend (bullish or bearish); however for better or worse I do not believe we can use changes in the MTGox USD volume over the last six months alone as a market indicator without also taking into account the changes in volume in other exchanges notably Bitstamp and also the changes in volume in non USD currencies on MTGox.
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samson
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September 07, 2013, 11:39:46 PM |
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There's lots of complaints about not being able to get USD out of Gox, but is it still easy to get GBP into Gox? I know Bitstamp is a little cheaper but Bitstamp obviously have to pass their records onto the inland revenue. This isn't an issue now because I don't have any spare money, I'm just curious for future reference. Bitstamp might be in the UK but for some reason they only trade in USD, BTC-e don't do GBP either so there would be an exchange fee.
Just wire the funds in USD and trade in USD.
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MickeyT2008
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This account was recently hacked
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September 07, 2013, 11:53:10 PM |
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There's lots of complaints about not being able to get USD out of Gox, but is it still easy to get GBP into Gox? I know Bitstamp is a little cheaper but Bitstamp obviously have to pass their records onto the inland revenue. This isn't an issue now because I don't have any spare money, I'm just curious for future reference. Bitstamp might be in the UK but for some reason they only trade in USD, BTC-e don't do GBP either so there would be an exchange fee.
Just wire the funds in USD and trade in USD. I get charged a commission by the banks for doing that, any funds I have will be in GBP because I live in the UK. Previously I wired GBP to Gox, bought BTC and then sold them for USD there. It took about three days last time, but that was before the withdrawal problems. I'm wondering if these problems affect GBP transfers, and whether they only affect withdrawals or deposits as well.
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uhoh
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September 07, 2013, 11:56:26 PM |
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There's lots of complaints about not being able to get USD out of Gox, but is it still easy to get GBP into Gox? I know Bitstamp is a little cheaper but Bitstamp obviously have to pass their records onto the inland revenue. This isn't an issue now because I don't have any spare money, I'm just curious for future reference. Bitstamp might be in the UK but for some reason they only trade in USD, BTC-e don't do GBP either so there would be an exchange fee.
Just wire the funds in USD and trade in USD. I get charged a commission by the banks for doing that, any funds I have will be in GBP because I live in the UK. Previously I wired GBP to Gox, bought BTC and then sold them for USD there. It took about three days last time, but that was before the withdrawal problems. I'm wondering if these problems affect GBP transfers, and whether they only affect withdrawals or deposits as well. If it's a large amount of cash you are wiring, even if your bank charges £15 and gives you a poor exchange rate it would still be cheaper (and safer IMO) to go with Bitstamp. Failing that, there's always localbitcoins.com. EDIT: Regarding Bitstamp's UK based operation... you wouldn't have to worry about the tax liability until you withdraw into fiat. When you do, it will be your responsibility to report income to HMRC, Bitstamp will be no different RE: Tax to Gox.
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MickeyT2008
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This account was recently hacked
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September 08, 2013, 12:10:32 AM |
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There's lots of complaints about not being able to get USD out of Gox, but is it still easy to get GBP into Gox? I know Bitstamp is a little cheaper but Bitstamp obviously have to pass their records onto the inland revenue. This isn't an issue now because I don't have any spare money, I'm just curious for future reference. Bitstamp might be in the UK but for some reason they only trade in USD, BTC-e don't do GBP either so there would be an exchange fee.
Just wire the funds in USD and trade in USD. I get charged a commission by the banks for doing that, any funds I have will be in GBP because I live in the UK. Previously I wired GBP to Gox, bought BTC and then sold them for USD there. It took about three days last time, but that was before the withdrawal problems. I'm wondering if these problems affect GBP transfers, and whether they only affect withdrawals or deposits as well. If it's a large amount of cash you are wiring, even if your bank charges £15 and gives you a poor exchange rate it would still be cheaper (and safer IMO) to go with Bitstamp. Failing that, there's always localbitcoins.com. EDIT: Regarding Bitstamp's UK based operation... you wouldn't have to worry about the tax liability until you withdraw into fiat. When you do, it will be your responsibility to report income to HMRC, Bitstamp will be no different RE: Tax to Gox. Thanks. Unfortunately it would be a small amount (not much cash here!) which would make the fee a higher proportion of the total. However, I suppose that's going to be the same whichever way I do it. Perhaps if it's just a few bitcoins then using something like localbitcoins.com would work out easier and cheaper. Alternatively using BTC-e with its lower prices might make up for the charges. Anyway, trading seems to be very slow right now so I'm going to have a break and get back to playing Far Cry 3 for a bit, whilst keeping an eye on ClarkMoody on my second display in case anything does occur.
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MickeyT2008
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Activity: 350
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This account was recently hacked
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September 08, 2013, 03:16:36 AM |
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There's lots of complaints about not being able to get USD out of Gox, but is it still easy to get GBP into Gox? I know Bitstamp is a little cheaper but Bitstamp obviously have to pass their records onto the inland revenue. This isn't an issue now because I don't have any spare money, I'm just curious for future reference. Bitstamp might be in the UK but for some reason they only trade in USD, BTC-e don't do GBP either so there would be an exchange fee.
Just wire the funds in USD and trade in USD. I get charged a commission by the banks for doing that, any funds I have will be in GBP because I live in the UK. Previously I wired GBP to Gox, bought BTC and then sold them for USD there. It took about three days last time, but that was before the withdrawal problems. I'm wondering if these problems affect GBP transfers, and whether they only affect withdrawals or deposits as well. If it's a large amount of cash you are wiring, even if your bank charges £15 and gives you a poor exchange rate it would still be cheaper (and safer IMO) to go with Bitstamp. Failing that, there's always localbitcoins.com. EDIT: Regarding Bitstamp's UK based operation... you wouldn't have to worry about the tax liability until you withdraw into fiat. When you do, it will be your responsibility to report income to HMRC, Bitstamp will be no different RE: Tax to Gox. Thanks. Unfortunately it would be a small amount (not much cash here!) which would make the fee a higher proportion of the total. However, I suppose that's going to be the same whichever way I do it. Perhaps if it's just a few bitcoins then using something like localbitcoins.com would work out easier and cheaper. Alternatively using BTC-e with its lower prices might make up for the charges. Anyway, trading seems to be very slow right now so I'm going to have a break and get back to playing Far Cry 3 for a bit, whilst keeping an eye on ClarkMoody on my second display in case anything does occur. I've sent wires to both Gox and Bitstamp and both did arrive so there shouldn't be any issue there. Banks seem to charge about £10-15 for sending online and £15-£20 for in branch. My main issue with gox is that it took 11 business days to appear, 15 days in total, so you need to ask yourself are you happy to wait that long on the basis that the price could go up by a large amount by the time it arrives? For a market like Bitcoin a hell of a lot can happen in two weeks. Bitstamp only takes 2-3 business days and the coins are much cheaper so for me Bitstamp wins by an absolute mile. I would never get my bank to send dollars, that's just throwing money down the drain due to the rip off exchange rates the banks charge. I can't find the link now but i remember that Bitstamp's exchange rate to $ was incredibly good, so that wasn't an issue for me at all, having to trade in $ as compared to Gox's £ Thanks for your advice, I'll bear that in mind. All I need to do now is to somehow actually acquire enough cash to send, not an easy thing these days with our greedy, corrupt millionaire government of thieves. Anyway, I'll say no more about them or I'll end up ranting, they're not worth spoiling my evening over. Meanwhile, back on the topic of ask/bid walls, there aren't any to discuss so I'm going to go to bed instead. Goodnight all
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Walsoraj
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September 08, 2013, 03:45:03 AM |
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ChartBuddy
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September 08, 2013, 04:02:06 AM |
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ChartBuddy
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September 08, 2013, 05:02:12 AM |
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chriswilmer
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September 08, 2013, 05:47:04 AM |
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Really interesting. The super-exponential part really hit home, as I remember people figuring out that bitcoin was in super-exponential growth in the first week of April. Still, it doesn't really indicate how one should trade. Bubbles don't have to pop, it's just that the super-exponential behavior has an expiration date and "something" happens afterwards that is different.
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ChartBuddy
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September 08, 2013, 06:02:08 AM |
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ChartBuddy
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September 08, 2013, 07:02:26 AM |
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