ChartBuddy
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 Offline
Activity: 2170
Merit: 1776
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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December 19, 2013, 04:01:42 AM |
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"Governments are good at cutting off the heads of a centrally
controlled
networks like Napster, but pure P2P networks like Gnutella and Tor seem
to be holding their own." -- Satoshi
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byronbb
Legendary
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Activity: 1414
Merit: 1000
HODL OR DIE
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December 19, 2013, 04:03:01 AM |
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The movement originated on btcchina. How do you feel about this?
Maybe the answer to this is coming soon........ BTC China told CoinDesk it is expecting to reinstate deposits in RMB soon. Bobby Lee said he is now working with another third party payment company to try and reinstate RMB pricing, and is hoping to make an announcement on the Weibo account in the next few hours.
This will now be the firm’s third payment provider relationship inside a week. Lee brushed off worries that the new relationship could also be placed in jeopardy by PBOC’s most recent move.
“If this keeps happening, ten times later, will I keep going? I don’t know. I can’t predict the future. But for now we’re going to try one more time, to see,” he said.http://www.coindesk.com/bitcoin-price-falls-btc-china-exchange-shuts-fiat-deposits/ |
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byronbb
Legendary
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Activity: 1414
Merit: 1000
HODL OR DIE
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December 19, 2013, 04:05:38 AM |
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Dat sell side wall coming in to quell this little rally.
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cfrm
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December 19, 2013, 04:08:10 AM |
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The movement originated on btcchina. How do you feel about this?
Maybe the answer to this is coming soon........ BTC China told CoinDesk it is expecting to reinstate deposits in RMB soon. Bobby Lee said he is now working with another third party payment company to try and reinstate RMB pricing, and is hoping to make an announcement on the Weibo account in the next few hours.
This will now be the firm’s third payment provider relationship inside a week. Lee brushed off worries that the new relationship could also be placed in jeopardy by PBOC’s most recent move.
“If this keeps happening, ten times later, will I keep going? I don’t know. I can’t predict the future. But for now we’re going to try one more time, to see,” he said.http://www.coindesk.com/bitcoin-price-falls-btc-china-exchange-shuts-fiat-deposits/Looks like Chinese people will have to find other ways to get their hands on Bitcoin than Chinese exchanges in the future. I don't see any reason why the Government wouldn't ban the next thirdparty BTCChina hooks up with. |
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adamstgBit
Legendary
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Activity: 1904
Merit: 1037
Trusted Bitcoiner
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December 19, 2013, 04:09:47 AM |
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been buying coins all night, 2 nights in a row.... i'm tired as fuck, bed time!
may the force be with you bitcoin day traders,
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justusranvier
Legendary
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Activity: 1400
Merit: 1009
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December 19, 2013, 04:10:25 AM |
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The movement originated on btcchina. How do you feel about this?
I heard Loaded flew into China with a plane load of cash and bought all the bitcoins.  |
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BitThink
Legendary
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Activity: 882
Merit: 1000
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December 19, 2013, 04:10:46 AM |
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The movement originated on btcchina. How do you feel about this?
Maybe the answer to this is coming soon........ BTC China told CoinDesk it is expecting to reinstate deposits in RMB soon. Bobby Lee said he is now working with another third party payment company to try and reinstate RMB pricing, and is hoping to make an announcement on the Weibo account in the next few hours.
This will now be the firm’s third payment provider relationship inside a week. Lee brushed off worries that the new relationship could also be placed in jeopardy by PBOC’s most recent move.
“If this keeps happening, ten times later, will I keep going? I don’t know. I can’t predict the future. But for now we’re going to try one more time, to see,” he said.http://www.coindesk.com/bitcoin-price-falls-btc-china-exchange-shuts-fiat-deposits/I don't like his response. This sounds not serious enough from a CEO. He should find a reliable way to enable depositing or just close it instead. |
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TERA
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December 19, 2013, 04:16:13 AM |
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Every exchange is now following the movements of this one exchange which is seeing liquidity cutoffs, government action, a reducing order book, and a reducing volume, and has led us to 3 crashes this month (in a downtrend) - who knows what their government will put of of their ass next. Yet all the exchanges still follow it move by move and tonight it does something and every goes 'yay rally time to the moon'. I dont get it.
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fotosonics
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December 19, 2013, 04:22:32 AM |
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Every exchange is now following the movements of this one exchange which is seeing liquidity cutoffs, government action, a reducing order book, and a reducing volume, and has led us to 3 crashes this month (in a downtrend) - who knows what their government will put of of their ass next. Yet all the exchanges still follow it move by move and tonight it does something and every goes 'yay rally time to the moon'. I dont get it.
Despite your avatar  |
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BitThink
Legendary
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Activity: 882
Merit: 1000
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December 19, 2013, 04:24:23 AM |
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Every exchange is now following the movements of this one exchange which is seeing liquidity cutoffs, government action, a reducing order book, and a reducing volume, and has led us to 3 crashes this month (in a downtrend) - who knows what their government will put of of their ass next. Yet all the exchanges still follow it move by move and tonight it does something and every goes 'yay rally time to the moon'. I dont get it.
The answer is arbitrage. |
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OldGeek
Sr. Member
Offline
Activity: 266
Merit: 250
Blitz:The price affects the perception of the news
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December 19, 2013, 04:26:10 AM |
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Every exchange is now following the movements of this one exchange which is seeing liquidity cutoffs, government action, a reducing order book, and a reducing volume, and has led us to 3 crashes this month (in a downtrend) - who knows what their government will put of of their ass next. Yet all the exchanges still follow it move by move and tonight it does something and every goes 'yay rally time to the moon'. I dont get it.
I'd say that the people trading on the other exchanges are just as confused as you are. They see a move on China and think 'whoa, I'd better buy/sell to keep up'. I'm in a much better position. Out of fiat so couldn't buy now if I wanted to. No worries. It'll all settle out. |
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OldGeek
Sr. Member
Offline
Activity: 266
Merit: 250
Blitz:The price affects the perception of the news
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December 19, 2013, 04:27:23 AM |
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The answer is arbitrage.
Tell me how you'd do it, please. |
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OldGeek
Sr. Member
Offline
Activity: 266
Merit: 250
Blitz:The price affects the perception of the news
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December 19, 2013, 04:38:00 AM |
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Sell signal just triggered on BTC-e. Be careful.
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accord01
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December 19, 2013, 04:39:05 AM |
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Correction from pitiful mini raly coming in 5 4 3 2 1
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bassclef
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December 19, 2013, 04:42:40 AM |
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I see eleven threads greyed out in the speculation forum. Must mean something bearish.
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BitThink
Legendary
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Activity: 882
Merit: 1000
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December 19, 2013, 04:46:42 AM |
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The answer is arbitrage.
Tell me how you'd do it, please. Buy coins privately and sell them at bit stamp or btce. I cannot do like this bit there're plenty of people can do. |
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TERA
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December 19, 2013, 04:48:56 AM |
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OldGeek
Sr. Member
Offline
Activity: 266
Merit: 250
Blitz:The price affects the perception of the news
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December 19, 2013, 04:51:38 AM |
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Buy coins privately and sell them at bit stamp or btce. I cannot do like this bit there're plenty of people can do.
Thanks. I can't either. All of the local coins I've seen are priced too high to transfer and sell. |
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bassclef
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December 19, 2013, 04:51:55 AM |
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How about that oversold MACD? |
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JorgeStolfi
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December 19, 2013, 04:52:30 AM |
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The answer is arbitrage.
Tell me how you'd do it, please. Would this work: * Buy BTC with USD outside China * Sell the BTC in China for RMB * Use the RMB to buy goods or stock in Chinese market * Sell goods/stock outside China for USD or the other way around. Not for amateurs, of course. This would equalize prices but according to some "exchange rate" that is not the official one, due to extra costs. Which is what we see, right? They track each other but not at the official exchange rate. |
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