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Davyd05
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April 03, 2014, 01:00:07 PM |
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I don't understand that google translate of huobi news. It surely doesn't mean they're closing the doors?
Does it relate to the third-party involvement for transactions? Difficult to tell pretty sure there are better translated statements out their. OKCOIN also released one. both highlighting third party recharge options being kaput .. but their regular banking deposit methods was fine.. and huobi mentioned upgrading it to 24/7 service. |
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According to NIST and ECRYPT II, the cryptographic algorithms used in
Bitcoin are expected to be strong until at least 2030. (After that, it
will not be too difficult to transition to different algorithms.)
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ChartBuddy
Legendary
 Offline
Activity: 2170
Merit: 1776
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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April 03, 2014, 01:00:38 PM |
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soullyG
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April 03, 2014, 01:01:37 PM |
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I don't understand that google translate of huobi news. It surely doesn't mean they're closing the doors?
Does it relate to the third-party involvement for transactions? Difficult to tell pretty sure there are better translated statements out their. OKCOIN also released one. both highlighting third party recharge options being kaput .. but their regular banking deposit methods was fine.. and huobi mentioned upgrading it to 24/7 service. Here's the best translations of the announcements that I could find - hopefully they'll also do the Huobi one soon: http://www.reddit.com/r/BitcoinMarkets/comments/220qob/fxbtc_small_chinese_exchange_shuts_down_cny/ |
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Hypnoise
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April 03, 2014, 01:03:53 PM |
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so with so many news we are going to see double bottom soon or something
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fonzie
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April 03, 2014, 01:05:06 PM |
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so with so many news we are going to see double bottom soon or something
Double bottom @ 60$? I´m not convinced yet. But legit analysis says 74,35% possibility! |
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TERA
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April 03, 2014, 01:05:27 PM |
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Market already reacted to these news in a positive way hours ago
+1 it's almost 9pm in China  No it was reaction to 1 hour MACD. So why is the time identical ? 6pm in China It's a coin cidence >_> I was watching that macd inch it's way up all day at a constant speed until finally it crossed. |
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seleme
Legendary
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Activity: 2772
Merit: 1028
Duelbits.com
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April 03, 2014, 01:05:43 PM |
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billyjoeallen
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Activity: 1106
Merit: 1007
Hide your women
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April 03, 2014, 01:08:27 PM |
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Guys, nobody would be happier if I am wrong than I would be. It's extremely likely we'll either go sideways for a long time or down. If we go down, $400 support will be tested and may or may not hold. 3600 coins mined per day on top of Chinese arbitragers constantly buying on Huobi, and selling on Stamp. There's simply too much liquidity to soak up without a strategic retreat in price.
It's a great time to buy if you don't mind waiting months or years to see a significant profit, but a rocket ride up past $500 before April 15 is delusional, unless there's possibly a spike that immediately crashes back down. Bitfinex walls keep moving, but the Bitstamp wall is staying solid and immovable at $400.
What makes you think the 3600 coins mined everyday end up on exchanges? I'm sure many of these are from miners who believe in the long term potential of Bitcoin, and won't sell at these low prices. selling coins at those rate would not be enough to ROI anyway. so yea, freshly minted coins are less likely to hit exchanges when price is down. True, but many miners have been holding coins for four months and may need to sell some to pay bills. Many holders have to sell small amounts to pay bills. There is a cumulative effect. If enough people just sell and buy back $25 cheaper, taking profits in BTC rather than fiat over and over for two weeks,, we could turn this around. Unfortunately, crowds don't behave like that. Armies do. |
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dreamspark
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April 03, 2014, 01:10:11 PM |
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Guys, nobody would be happier if I am wrong than I would be. It's extremely likely we'll either go sideways for a long time or down. If we go down, $400 support will be tested and may or may not hold. 3600 coins mined per day on top of Chinese arbitragers constantly buying on Huobi, and selling on Stamp. There's simply too much liquidity to soak up without a strategic retreat in price.
It's a great time to buy if you don't mind waiting months or years to see a significant profit, but a rocket ride up past $500 before April 15 is delusional, unless there's possibly a spike that immediately crashes back down. Bitfinex walls keep moving, but the Bitstamp wall is staying solid and immovable at $400.
I know opinions change and this isn't a low blow particularly but you really must be taking your forced liquidation badly. Two days ago it was choo choo and now your saying that anyone buying coins here would have to wait years for a profit. What's changed in a day or so? |
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hdbuck
Legendary
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Activity: 1260
Merit: 1002
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April 03, 2014, 01:11:15 PM |
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yea just saw that today, their partnership with banks across the EU looks promising |
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MinermanNC
Legendary
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Activity: 2198
Merit: 1000
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April 03, 2014, 01:11:22 PM |
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That's right and new markets will surely help whatever China does or doesn't do. I think there is to many other good things going on that will limit the impact. As far as mining goes in another post, I mine 24/7 and am holding on tight to any BTC I earn. I will not sell and I think that is true of other miners. |
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soullyG
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April 03, 2014, 01:12:27 PM |
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Nice one, thanks  Out of interest, does Coinbase also require 2 forms of ID on registration (ID and utility bill)? I thought they just required that you have a US based bank account |
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gizmoh
Legendary
Offline
Activity: 1428
Merit: 1000
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April 03, 2014, 01:15:04 PM |
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Guys, nobody would be happier if I am wrong than I would be. It's extremely likely we'll either go sideways for a long time or down. If we go down, $400 support will be tested and may or may not hold. 3600 coins mined per day on top of Chinese arbitragers constantly buying on Huobi, and selling on Stamp. There's simply too much liquidity to soak up without a strategic retreat in price.
It's a great time to buy if you don't mind waiting months or years to see a significant profit, but a rocket ride up past $500 before April 15 is delusional, unless there's possibly a spike that immediately crashes back down. Bitfinex walls keep moving, but the Bitstamp wall is staying solid and immovable at $400.
I know opinions change and this isn't a low blow particularly but you really must be taking your forced liquidation badly. Two days ago it was choo choo and now your saying that anyone buying coins here would have to wait years for a profit. What's changed in a day or so? He SODL, the most daring of bulls capitulated. that's a contrarian indicator, bullish  |
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Erdogan
Legendary
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Activity: 1512
Merit: 1005
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April 03, 2014, 01:16:10 PM |
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A goal for bitcoin would be to increase the value of the total amount of bitcoins to something more than $65B - the size of Bernie Madoff's Ponzi outfit.
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mooncake
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April 03, 2014, 01:18:21 PM |
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Key points of Huobi's announcement:
1. Huobi has checked with their third party payment service providers and banks and was informed that no instruction from PBOC had been received.
2. Huobi will stop all third party payment services on 05-04-2014.
3. Huobi will ramp up its manpower to 7*24 on internet fund transfer. All bank deposits and withdrawals are not affected.
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hdbuck
Legendary
Offline
Activity: 1260
Merit: 1002
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April 03, 2014, 01:19:23 PM |
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quick off topic but i wondered if anyone here could link me an excel spreadsheet with bitcoins and other major alts prices updated automatically (as using API tickers or urls) since i dont know how to do it (I lamentably failed at it when vba got mentioned so i could definitely use some template). |
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fonzie
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April 03, 2014, 01:21:03 PM |
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Vulture of death says:  |
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billyjoeallen
Legendary
Offline
Activity: 1106
Merit: 1007
Hide your women
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April 03, 2014, 01:23:24 PM |
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Guys, nobody would be happier if I am wrong than I would be. It's extremely likely we'll either go sideways for a long time or down. If we go down, $400 support will be tested and may or may not hold. 3600 coins mined per day on top of Chinese arbitragers constantly buying on Huobi, and selling on Stamp. There's simply too much liquidity to soak up without a strategic retreat in price.
It's a great time to buy if you don't mind waiting months or years to see a significant profit, but a rocket ride up past $500 before April 15 is delusional, unless there's possibly a spike that immediately crashes back down. Bitfinex walls keep moving, but the Bitstamp wall is staying solid and immovable at $400.
I know opinions change and this isn't a low blow particularly but you really must be taking your forced liquidation badly. Two days ago it was choo choo and now your saying that anyone buying coins here would have to wait years for a profit. What's changed in a day or so? I wasn't force liquidated although I might have been close by now if I had held. I saved thousands by wimping out at $478. Cutting your losses when the market turns against you is an essential part of trading. Just reading this forum, it is obvious that all of the weak hands have not been shaken out. |
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MinermanNC
Legendary
Offline
Activity: 2198
Merit: 1000
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April 03, 2014, 01:23:32 PM |
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Nice one, thanks Out of interest, does Coinbase also require 2 forms of ID on registration (ID and utility bill)? I thought they just required that you have a US based bank account Coinbase, No, just a verified bank account for withdraw USD. Works great for me |
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tarmi
Legendary
Offline
Activity: 1218
Merit: 1010
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April 03, 2014, 01:26:01 PM |
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Guys, nobody would be happier if I am wrong than I would be. It's extremely likely we'll either go sideways for a long time or down. If we go down, $400 support will be tested and may or may not hold. 3600 coins mined per day on top of Chinese arbitragers constantly buying on Huobi, and selling on Stamp. There's simply too much liquidity to soak up without a strategic retreat in price.
It's a great time to buy if you don't mind waiting months or years to see a significant profit, but a rocket ride up past $500 before April 15 is delusional, unless there's possibly a spike that immediately crashes back down. Bitfinex walls keep moving, but the Bitstamp wall is staying solid and immovable at $400.
I know opinions change and this isn't a low blow particularly but you really must be taking your forced liquidation badly. Two days ago it was choo choo and now your saying that anyone buying coins here would have to wait years for a profit. What's changed in a day or so? He SODL, the most daring of bulls capitulated. that's a contrarian indicator, bullish YES |
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