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TERA
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April 03, 2014, 01:27:30 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. Most people here don't really know anything about trading. All they know is that, they think, they have to buy in at some point before the next rally which is supposedly guaranteed to occur every 9 months, and that it's impossible for them to lose because bitcoin is majestic and infallable and will uptrend forever. |
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adamstgBit
Legendary
 Offline
Activity: 1904
Merit: 1037
Trusted Bitcoiner
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April 03, 2014, 01:28:55 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.
really? china ban doesn't affect Huobi?? |
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soullyG
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April 03, 2014, 01:30:15 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 Ah, that's a shame, thanks. Safello looks nice but I would prefer not to have to provide a bill + passport if possible  |
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Cassius
Legendary
Offline
Activity: 1764
Merit: 1031
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April 03, 2014, 01:30:46 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.
I'm still trying to get my head around the China thing. A while ago Stamp/UK banned deposits via Transferwise and other third parties for AML reasons. It was a pain in the butt as it made things more expensive and awkward, but you could still use a regular bank account. Is this roughly the same deal (at least for now)? |
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slapper
Legendary
Offline
Activity: 2044
Merit: 1102
Leading Crypto Sports Betting & Casino Platform
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April 03, 2014, 01:33:52 PM |
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This is some intense drug. How can people concentrate at work with all the drama going on past few days? It is just surreal. I am watching from a distance as I don't have chips in play here, but man I feel for everyone involved.
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fonzie
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April 03, 2014, 01:34:29 PM |
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Huobis says: "Huobi has checked with their third party payment service providers and banks and was informed that no instruction from PBOC had been received." Other exchanges say that they already have received the information that banks will no longer work with them.... China  Huobi |
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dreamspark
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April 03, 2014, 01:34:32 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. Okay fair enough I read it that you were forced liquidated. Well yeah obviously that's a good trade then but that still doesn't explain what you feel has changed in the last two days from being bullish to now super besrish . I'm just interested not calling you out . I don't think the forum sentiment has changed in the last two days... |
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hdbuck
Legendary
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Activity: 1260
Merit: 1002
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April 03, 2014, 01:38:56 PM |
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it cant be bullish as we just experienced a new bottom @416 (on stamp). each time we dip it goes lower.. and lower... and each run up is weaker than the previous one. plus it normally "flash" crashes before going up back to where it was before although now it just stays low... smells bad indeed.
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thefunkybits
Legendary
Offline
Activity: 1218
Merit: 1000
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April 03, 2014, 01:39:52 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.
really? china ban doesn't affect Huobi?? I really hope this doesn't come down on us in another month or two.... |
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Nicholas-Carraway
Member
Offline
Activity: 150
Merit: 10
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April 03, 2014, 01:40:04 PM |
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Finally, the coin of fire NET declares:
" Users want platform for short message is bad, once good will usher in scolding the sound or vice versa. "
Didn't that make you smile, even just a little?
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adamstgBit
Legendary
Offline
Activity: 1904
Merit: 1037
Trusted Bitcoiner
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April 03, 2014, 01:40:49 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.
really? china ban doesn't affect Huobi?? I really hope this doesn't come down on us in another month or two.... thats what kinda pisses me off china has been banning bitcoin for months now, can we just get over it already.... |
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mooncake
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April 03, 2014, 01:41:35 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.
really? china ban doesn't affect Huobi?? China ban? Source? Caixin? If you trust Caixin, then yes. Huobi says they and their financial partners have not received the news from PBOC yet. |
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mooncake
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April 03, 2014, 01:42:33 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.
I'm still trying to get my head around the China thing. A while ago Stamp/UK banned deposits via Transferwise and other third parties for AML reasons. It was a pain in the butt as it made things more expensive and awkward, but you could still use a regular bank account. Is this roughly the same deal (at least for now)? It is different. |
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fonzie
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April 03, 2014, 01:43:55 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.
really? china ban doesn't affect Huobi?? China ban? Source? Caixin? If you trust Caixin, then yes. Huobi says they and their financial partners have not received the news from PBOC yet. "The new announcements are the latest indication that China’s central bank, the People’s Bank of China (PBOC), may be following through on its decision to more actively enforce prior rulings related to how domestic financial service providers can interact with the bitcoin exchanges. For example, while OKCoin was contacted by its third-party processor, FXBTC has been contacted by commercial banking providers." http://www.coindesk.com/chinese-bitcoin-exchanges-okcoin-fxbtc-report-new-deposit-freezes/ |
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FlyingLotus
Newbie
Offline
Activity: 47
Merit: 0
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April 03, 2014, 01:46:00 PM |
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How about this - Huobi = People's Bitcoin Bank of China ? Socialism at work gentlemen  |
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mooncake
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April 03, 2014, 01:48:18 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.
really? china ban doesn't affect Huobi?? China ban? Source? Caixin? If you trust Caixin, then yes. Huobi says they and their financial partners have not received the news from PBOC yet. "The new announcements are the latest indication that China’s central bank, the People’s Bank of China (PBOC), may be following through on its decision to more actively enforce prior rulings related to how domestic financial service providers can interact with the bitcoin exchanges. For example, while OKCoin was contacted by its third-party processor, FXBTC has been contacted by commercial banking providers." http://www.coindesk.com/chinese-bitcoin-exchanges-okcoin-fxbtc-report-new-deposit-freezes/ |
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fonzie
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April 03, 2014, 01:49:50 PM |
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What do you wan´t more? Mao zedong coming back from the dead and doin a speech on CNN?
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billyjoeallen
Legendary
Offline
Activity: 1106
Merit: 1007
Hide your women
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April 03, 2014, 01:50:08 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. Okay fair enough I read it that you were forced liquidated. Well yeah obviously that's a good trade then but that still doesn't explain what you feel has changed in the last two days from being bullish to now super besrish . I'm just interested not calling you out . I don't think the forum sentiment has changed in the last two days... That's my whole point. Nothing's changed but me. The down trend is still in effect. I wouldn't even call myself super-bearish. I still hold out hope that $400 will hold. TERA makes infinitely more profit than me and she thinks I'm a starry-eyed optimist. |
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p0peji
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April 03, 2014, 01:50:16 PM |
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With Chinese news you always have to read between the lines.
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adamstgBit
Legendary
Offline
Activity: 1904
Merit: 1037
Trusted Bitcoiner
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April 03, 2014, 01:51:23 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.
really? china ban doesn't affect Huobi?? China ban? Source? Caixin? If you trust Caixin, then yes. Huobi says they and their financial partners have not received the news from PBOC yet. "The new announcements are the latest indication that China’s central bank, the People’s Bank of China (PBOC), may be following through on its decision to more actively enforce prior rulings related to how domestic financial service providers can interact with the bitcoin exchanges. For example, while OKCoin was contacted by its third-party processor, FXBTC has been contacted by commercial banking providers." http://www.coindesk.com/chinese-bitcoin-exchanges-okcoin-fxbtc-report-new-deposit-freezes/ya we all know that so why is Huobi not saying the same thing? How about this - Huobi = People's Bitcoin Bank of China ? Socialism at work gentlemen not a half bad theory  With Chinese news you always have to read between the lines.
China is the FUD generator |
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