capsqrl
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January 14, 2014, 07:21:53 PM |
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Is everything working alright? These volumes are startlingly low, aren't they?
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fotosonics
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January 14, 2014, 07:23:14 PM |
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i panic sold once and i felt so dumb that i've adopted the strict HODL policy and it's been working out for me so far
you guys should try it out too
I've moved to a pure SODL strategy, since we're clearly heading to zero. Why are you still here when you think we are going to zero? Just as the Chinese government has recently warned citizens of the dangers of bitcoin, I am warning citizens of bitcointalk of the dangers of bitcoins, to help as many people as possible. Only Satoshi and maybe 2 or 3 other people will make any money from bitcoin. Everyone else will lose money, and probably destroy their life, as the Chinese government has explained. The Chinese government can sit on a very long, rusty sharp knife. And the party whose dick they suck on. You need to troll harder.
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Adrian-x
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January 14, 2014, 07:25:02 PM |
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Perhaps someone will be interested in this comparison between the prices of MtGOX, Bitstamp, and BTC-China: I should have used Huobi instead of BTC-China, since the latter appears to be nearly dead now. However the website where I got the data ( http://bitcoincharts.com/charts/) does not work with Huobi. Is there an alternative source? Don’t get to cozy with Huobi until mid Feb, there is evidence to suggest that 0% fees = an increase in fake volume, and the clincher it could become the new FortGox – Fiat in, and only Bitcoin Out, (no Fiat out – increases the value of Bitcoin, only key players will benefit from the arbitrage) In the meantime ask them to review the following: http://bitcoincharts.com/about/exchanges/
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pietje
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January 14, 2014, 07:26:20 PM |
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The whole huobi thing still doesnt feel good. It would be nice if we actually know what is going on in china. All these unknows factors..
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isov
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January 14, 2014, 07:28:34 PM |
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i panic sold once and i felt so dumb that i've adopted the strict HODL policy and it's been working out for me so far
you guys should try it out too
I've moved to a pure SODL strategy, since we're clearly heading to zero. Why are you still here when you think we are going to zero? Just as the Chinese government has recently warned citizens of the dangers of bitcoin, I am warning citizens of bitcointalk of the dangers of bitcoins, to help as many people as possible. Only Satoshi and maybe 2 or 3 other people will make any money from bitcoin. Everyone else will lose money, and probably destroy their life, as the Chinese government has explained. Alot of ppl already made profits and even if it goes down to 0, they still do. For the rest ur just posting crap news and stuff which are for 90% not even true. Really makes me wonder why ur here.. My best guess one of the few bears who are still waiting for the final drop from the 1200 crash. See you at $10k I assume you are human, so we can safely assume that your best guess is terrible since you have practically no information to make a good guess. Proudhon is trolling because he, like the rest of us have become annoyed at the constant panic mode of all the new traders. It has become a bit of a joke for us because mocking it and laughing is better than getting annoyed. It also shuts down the fudmeisters and before they know it, they are looking at the back of the train. Lessons will be learned and the new traders now will join in the games next time around. The forums will again be flooded with new traders if we rocket and once there are too many who need to learn the lessons of chasing the newsfeeds(which, hint you are the product, not the customer unless you are paying for it), we will top and teach them once more. Good post:) I was also a littlebit confused with proudhon when I just started hanging on this forum but I believe in staying on the sidelines to observe before you participate. I dont trade yet and only hodl but I'm getting a clue about that also.
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knarzo
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January 14, 2014, 07:28:59 PM |
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The whole huobi thing still doesnt feel good. It would be nice if we actually know what is going on in china. All these unknows factors..
What if Huobi is just a large mixer? Offering zero fees would make sense to me. Lot of volume guaranteed.
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pietje
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January 14, 2014, 07:35:42 PM |
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The whole huobi thing still doesnt feel good. It would be nice if we actually know what is going on in china. All these unknows factors..
What if Huobi is just a large mixer? Offering zero fees would make sense to me. Lot of volume guaranteed. But its also a panic machine, used by the fud spreading chinese government.
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NewLiberty
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Gresham's Lawyer
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January 14, 2014, 07:37:03 PM |
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This is big govt vs big telco. Telco wins. Probably a good thing for people and companies that use their networks. MPLS QoS means that things that need real-time responsiveness can get it, so your skype call doesn't get choppy when your email attachment is coming across. Not the end of the world, and likely a good thing for progress. It's a good thing, so long as we can control these parameters ourselves. If I want to prioritize things differently then I should be able to. In fact, I could already. This is the telecos wanting to take over prioritization in the name of optimizing their networks. Of course it is technically trivial to just ignore user priorities, but until now it was thought to be against antitrust regulations because it enables, for example Comcast, to prioritize NBC's content (which they own), and deprioritize Fox's content. Other networks might deprioritize NBC to harm Comcast. This is a surrender of freedom. By ourselves, you mean free to buy network connections as you like, or be prevented by government from these being made available. I buy "business accounts" from my telco and do my own prioritization. Large companies pay for QoS prioritization and love it for the last 20 years, finally consumers can get a taste of it. For most people they won't care, won't notice. The things you are afraid of (NBC vs Cox) are already illegal under other laws in most jurisdictions (oops, sorry Italy) and are not an issue here (in the USA where this particular legal battle is fought). If you really want to worry about something in regards to this, your radar is seeing only the media chaff, while the missile sails right through. The operation of packet inspection for prioritization contains metadata that could ultimately be seized or subpoena and provide a deeper intrusion to privacy by TPTB. This can show what protocols each of us are running on our networks, and that may be far more interesting than the prosaic notion of whether the ads and services you are getting are for the company from whom you are buying a network. Think deeper.
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TERA
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January 14, 2014, 07:51:16 PM |
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The whole huobi thing still doesnt feel good. It would be nice if we actually know what is going on in china. All these unknows factors..
There's also the chance that it isn't really a bustling exchange of wealthy chinese investors but rather a group of chinese american bitcoiners and whales using the 0-fee platform to perform manipulation. They may have even launched the platform themselves. Who knows. Huobi is so mysterious - we know so little about it and its owners and it just came out of nowhere.
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gentlemand
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Welt Am Draht
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January 14, 2014, 07:56:32 PM |
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BTC China's rapid decline is obviously down to the payment processing thing but also the fees play a huge factor. Volume is inevitably going to explode with a zero fee exchange. It would be the same regardless of where it was located in the world.
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mb300sd
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Drunk Posts
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January 14, 2014, 07:58:45 PM |
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BTC China's rapid decline is obviously down to the payment processing thing but also the fees play a huge factor. Volume is inevitably going to explode with a zero fee exchange. It would be the same regardless of where it was located in the world.
Does anyone have volume data from the days gox went no-fee?
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pietje
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January 14, 2014, 08:00:51 PM |
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BTC China's rapid decline is obviously down to the payment processing thing but also the fees play a huge factor. Volume is inevitably going to explode with a zero fee exchange. It would be the same regardless of where it was located in the world.
Yea and everything moved to huobi because they still dont have fee's. Its not hard to understand why there is so much volume, but the unknown chinese factor and therefor manipulation is just way to high imo,
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ChartBuddy
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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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January 14, 2014, 08:02:39 PM |
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mmitech
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things you own end up owning you
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January 14, 2014, 08:05:08 PM |
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so the long term chart looks like this, mmm it gives me a fuzzzz
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seleme
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Duelbits.com
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January 14, 2014, 08:11:09 PM |
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Etoro is out of Beta and orders are executed 4 times a day now instead of once in beta.
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Holliday
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January 14, 2014, 08:12:24 PM |
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Etoro is out of Beta and orders are executed 4 times a day now instead of once in beta.
They only trade paper bitcoins, correct?
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JorgeStolfi
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January 14, 2014, 08:13:18 PM |
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Don’t get to cozy with Huobi until mid Feb, there is evidence to suggest that 0% fees = an increase in fake volume
I saw several messages claiming that Huobi's volume is "fake", but I have yet to see evidence of that. Certainly the 0% fee makes it very attractive for day traders, both human and robots. One would expect a higher volume of legitimate transactions just for that reason (and because China is so big). As others have noted, "robots are people too". A trasaction by robots or humans is not "fake", unless the two accounts involved belong to the same person. Is there reason to believe that is happening? Huobi's volume changes with the hour of the day as expected for a market centered on China's latitude. In particular, it falls regularly to near zero between 19:00 and 23:00 UTC, which I believe is 04:00 am to 08:00 am in China. (There are a few days when that pattern was broken, usually during large crashes or rallies.) Legitimate human or robot speculation is expected to behave like that; but would one think of putting to sleep a robot that is trading with himself only to build up volume? On the other hand, MtGOX has been caught posting "fake" price data during the Dec/01 crash. It and other exchanges do seem to have robots making tiny transactions in the bid/ask spread, which may add up to a significant fraction of their volume. Methinks Huobi deserves as much (os as little) trust as the other exchanges... (I sense a strong dislike in this forum to the idea that Chinese speculators may be dominating the Bitcoin market. Is that so?) and the clincher it could become the new FortGox – Fiat in, and only Bitcoin Out, (no Fiat out – increases the value of Bitcoin, only key players will benefit from the arbitrage)
Quite possibly. But even so it makes sense to know what it is doing... I have a suggestion for that text: instead of "float" say "exponential format, such as '2.3e-2'". For many programmers, "2.07" is still a float value.
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Odalv
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January 14, 2014, 08:14:10 PM |
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Etoro is out of Beta and orders are executed 4 times a day now instead of once in beta.
They only trade paper bitcoins, correct? Yes, it is CFD. It is only betting on price. No real bitcoin is bought/sold.
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