Peter R
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February 13, 2014, 05:20:24 AM |
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santa is coming with $260 coins?? NICE!  Not unless there is some more devastating news. The weak hands have gone. Do you really believe that? There are a lot of stupid above 1000$ buyers that are still hodling. They will panic sell soon (within 4 weeks). doubt it thats how it was quoted stop portraying me as Mr. Branson Yes, I see you were mis-quoted. I fixed it in my post. |
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"If you don't want people to know you're a scumbag then don't be a scumbag." -- margaritahuyan
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JulieFig
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February 13, 2014, 05:20:49 AM |
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santa is coming with $260 coins?? NICE! Not unless there is some more devastating news. The weak hands have gone. Do you really believe that? There are a lot of stupid above 1000$ buyers that are still hodling. They will panic sell soon (within 4 weeks). doubt it thats how it was quoted stop portraying me as Mr. Branson Sorry Davy05! |
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Davyd05
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February 13, 2014, 05:22:21 AM |
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santa is coming with $260 coins?? NICE! Not unless there is some more devastating news. The weak hands have gone. Do you really believe that? There are a lot of stupid above 1000$ buyers that are still hodling. They will panic sell soon (within 4 weeks). doubt it thats how it was quoted stop portraying me as Mr. Branson Sorry Davy05! thanks  I just want to be remembered as a perma bull |
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JulieFig
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February 13, 2014, 05:24:51 AM |
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Do you really believe that?
There are a lot of stupid above 1000$ buyers that are still hodling. They will panic sell soon (within 4 weeks).
Hey, I take offence to this! I am one of these 'stupid' people. As they say, it is probable that Bitcoin will have a binary outcome, so I simply jumped on as soon as I could (which in hindsight, was unfortunately close to the ATH) but I have held ever since. No plans to panic sell. As far as I'm concerned, my coins are still worth at least $1060 because I will not part with them for any less. That is the best way to look at it! So glad you did not panic and sell. I was in the same exact situation after the last "crash." for several months I was "underwater" if you want to call it that. It was a bit painful knowing that if I had just waited a month longer I could have gotten coins for less than I paid for them, but it is really hard to guess what the peaks are. There are some things to estimate what it is. I think the next run will bring us to $5000 or more but we will see. I am fairly confident this is just one more little bump in the road and coins are really cheap right now for those that have the cash to buy more.  Thanks BitChick - you're a very nice presence on this forum . I hope I will be in a position to give this same advice to another newbie sometime in the near future. Pay it forward at and all... |
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JorgeStolfi
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February 13, 2014, 05:32:43 AM |
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Among the exchanges listed by Bitcoinwisdom:
Trade volume on Tuesday Feb/12 was slightly higher than yesterday's in China, and about half of yesterday's outside China.
MtGOX had the highest volume outside China (~25 kBTC). (I wonder how much of that volume is newbies sending fresh money to MtGOX to buy their cheap BTCs, only to learn that they cannot take the BTC out and cannot have their money back. The community must warn everybody to stay away from MtGOX.)
Volumes at Bitstamp, Bitfinex and BTC-e were about 1/3 of yesterday's
Huobi's volume was ~132 kBTC, more than twice OKCoin's and twice that of all non-Chinese exchanges combined.
BTC-China had ~11 kBTC traded, but their price charts still look rather strange.
China had 3/4 of the total volume.
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OldGeek
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Blitz:The price affects the perception of the news
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February 13, 2014, 05:48:42 AM |
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...China had 3/4 of the total volume.
Another indication that the Chinese are the market movers. Thanks, Jorge. edit: When they are awake. |
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ChartBuddy
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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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February 13, 2014, 06:03:03 AM |
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creekbore
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Lazy, cynical and insolent since 1968
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February 13, 2014, 06:05:01 AM |
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I noted the post a few pages back with regard to BTC wallet downloads in China, whihc have seen a sharp increase recently.
Does this suggest the Chinese market is going to be moving more of their coins off exchanges in turn reducing trading volume on Huobi etc even further?
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windjc
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February 13, 2014, 06:06:57 AM |
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I noted the post a few pages back with regard to BTC wallet downloads in China, whihc have seen a sharp increase recently.
Does this suggest the Chinese market is going to be moving more of their coins off exchanges in turn reducing trading volume on Huobi etc even further?
You are reading way to much into it. More wallets means more interest, more involvement, more people interesting in having bitcoin. This is a good thing. Very basic. |
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Davyd05
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February 13, 2014, 06:11:13 AM |
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I noted the post a few pages back with regard to BTC wallet downloads in China, whihc have seen a sharp increase recently.
Does this suggest the Chinese market is going to be moving more of their coins off exchanges in turn reducing trading volume on Huobi etc even further?
You are reading way to much into it. More wallets means more interest, more involvement, more people interesting in having bitcoin. This is a good thing. Very basic. agreed for the most part this is the continued growth of Chinese people's interest in Bitcoin. I had my wallet long before I ever bought a bitcoin, recovered it and the .10 of bitcoin that I had mined over a 4-5 days with a gtx 460 while I slept and was at school. I wish I had bought a dedicated gpu rig :S, as I wasn't even wise enough to fathom direct fiat investment till I re-evaluated mining earnings early this fall. I think we'll see more people buying small bits of bitcoin instead of mining it now though, to get familiar with the intricacies and try out wallets. |
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adamstgBit
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Trusted Bitcoiner
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February 13, 2014, 06:11:22 AM |
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CasinoBitco.in (CBTC) on haveloack just took one hell of a hit time is now! buy buy buy Piss off, I'm still waiting to make money on SFI you suggested It looks like all Havelock IPO's should be avoided and shares bought in public sale. They all go down after IPO. I'm not worried about SFI, its looking good. they posted an update on the 11th https://www.havelockinvestments.com/fund.php?symbol=SFIi get a good feeling about it like the guys behind it are doing a fantastic job, pretty sure its undervalued. I'm HODLING CBTC SFI HIF, my long term bets what ever you do NOT buy B.MINE, SELL me your B.MINE  |
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OldGeek
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Activity: 266
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Blitz:The price affects the perception of the news
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February 13, 2014, 06:11:43 AM |
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I noted the post a few pages back with regard to BTC wallet downloads in China, whihc have seen a sharp increase recently.
Does this suggest the Chinese market is going to be moving more of their coins off exchanges in turn reducing trading volume on Huobi etc even further?
You are reading way to much into it. More wallets means more interest, more involvement, more people interesting in having bitcoin. This is a good thing. Very basic. +1 |
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JorgeStolfi
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February 13, 2014, 06:12:09 AM |
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...China had 3/4 of the total volume.
Another indication that the Chinese are the market movers. Thanks, Jorge. edit: When they are awake. And, while they sleep, the rest of the world just sits there, wondering what will happen next. |
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HairyMaclairy
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Degenerate bull hatter & Bitcoin monotheist
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February 13, 2014, 06:16:33 AM |
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Jorge
BTC China's price charts look strange because the maker taker fee structure discourages buying at market and flattens volatility leading to walls at 0.01 yuan spreads.
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creekbore
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Activity: 210
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Lazy, cynical and insolent since 1968
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February 13, 2014, 06:17:25 AM |
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I noted the post a few pages back with regard to BTC wallet downloads in China, whihc have seen a sharp increase recently.
Does this suggest the Chinese market is going to be moving more of their coins off exchanges in turn reducing trading volume on Huobi etc even further?
You are reading way to much into it. More wallets means more interest, more involvement, more people interesting in having bitcoin. This is a good thing. Very basic. I was just asking a question. I hadn't actually made my mind up one way or another. Your opinion is on the optimistic side of the scale, which is fine. And true to form But it may be someone has translated HODL into Mandarin and folks are looking at storing coins off exchanges, which I would see as a natural move after this week's exchange dramas. |
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windjc
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February 13, 2014, 06:17:46 AM |
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...China had 3/4 of the total volume.
Another indication that the Chinese are the market movers. Thanks, Jorge. edit: When they are awake. And, while they sleep, the rest of the world just sits there, wondering what will happen next. What is this bullcrap? China has been following Gox and Stamp for the last two weeks. This myopic view that just because China has more "volume" on their no fee exchanges, that the bitcoin investment world is somehow looking at them is immature. No one is looking at China. This is simple math folks. If more money flows into exchanges, any exchange, than bitcoins flow in, then the price is bound to rise. If not, the price will fall. If news hits one exchange - like Gox - it can bring down China. If news hits a Chinese exchange - it can bring down the others. But overall, its cash in, bitcoin out. Figure out that formula and you have a pretty damn good idea of where the market is headed intermediate term. Thats why the bulls are bullish. There is an almost infinite amount of cash that could go in, and only a finite amount of bitcoin that can go in. |
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JorgeStolfi
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February 13, 2014, 06:19:41 AM |
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I noted the post a few pages back with regard to BTC wallet downloads in China, whihc have seen a sharp increase recently.
Does this suggest the Chinese market is going to be moving more of their coins off exchanges in turn reducing trading volume on Huobi etc even further?
I suppose that the case of MtGOX (and Bitstamp and BTC-e to a lesser extent) alerted many investors of the risk of leaving all of one's bitcoins stored at the exchange, and/or of using outdated versions of the wallet software. Many probably did not even have a private wallet (unless the exchange required one to open their account). China has more investors than other countries, it seems, so it is expected that they would make more downloads. |
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OldGeek
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Blitz:The price affects the perception of the news
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February 13, 2014, 06:22:43 AM |
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...snip...
This myopic view that just because China has more "volume" on their no fee exchanges, that the bitcoin investment world is somehow looking at them is immature.
Just to be argumentative...what does the exchange market have to do with the investment world? |
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MANofthePEOPLE
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February 13, 2014, 06:28:16 AM |
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Someone really do not want the price to drop below $500 at gox
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Nicholas-Carraway
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February 13, 2014, 06:29:23 AM |
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Predictions for Thursday Feb/13 at 19:00--19:59 UTC (not earlier, not later):
Huobi: 3970 plus or minus 30 CNY (3940 -- 4000)
Bitstamp: 650 plus or minus 10 USD (640 -- 660)
I used the Chinese Slumber Method described in my previous posts, extrapolating linearly from the two Slumber Points of Feb/10 and feb/12. (The feb/11 point seems to be unreliable as discussed before.)
For the Bitstamp prediction, I assumed a currency conversion factor of 6.12 -- which was valid at Slumber Times up to feb/06, and appears to be valid again since feb/10.
That's just great Jorge, now we're going die of boredom for the next 24 hours. |
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