klaus (OP)
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October 22, 2013, 09:16:51 AM |
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Another key milestone reached by our Chinese friends...  ¥ 1.337 ? thats no milestone. I have one for U: https://www.rmbtb.com/en/ |
bitmessage:BM-2D9c1oAbkVo96zDhTZ2jV6RXzQ9VG3A6f1
threema:HXUAMT96
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TERA
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October 22, 2013, 09:34:55 AM |
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Holy crap at that volatility. btcchina just gave you an opportunity to increase your btc 25% in that one drop. It's time to transfer some coins... I almost did earlier but was afraid it's some kind of trap to lure in arbiteurs and steal their coins.
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jl2012
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Activity: 1792
Merit: 1097
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October 22, 2013, 10:51:52 AM |
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Holy crap at that volatility. btcchina just gave you an opportunity to increase your btc 25% in that one drop. It's time to transfer some coins... I almost did earlier but was afraid it's some kind of trap to lure in arbiteurs and steal their coins.
Well, btcchina has operated for >2 years (without major hack) so imo it is pretty safe. The greatest uncertainty is regulation of Chinese government. |
Donation address: 374iXxS4BuqFHsEwwxUuH3nvJ69Y7Hqur3 (Bitcoin ONLY)
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Zangelbert Bingledack
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Activity: 1036
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October 22, 2013, 11:01:07 AM |
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China went beyond exponential this week (see weekly chart below), so it probably should correct to around 1150 or 1200 for a bit, or at least stay at its current level for a while (a day? a week?), before going higher. It could also overcorrect, or it could just plow ahead without caring. Anyway, too much watching the short-term charts will fray your nerves.  Here's the 30-day chart for a bit more perspective. (Anyone have a log chart for BTCChina?)  |
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Zangelbert Bingledack
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October 22, 2013, 11:35:25 AM
Last edit: October 22, 2013, 11:49:25 AM by Zangelbert Bingledack |
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Thanks! Here's the 1-year log chart. Definitely that last big buy was overboard as it starts to look curvy even on the log chart (just like in late March and early April), but a little consolidation and the growth can continue. Nice volume compared to spring, showing China really is emerging as a Bitcoin player where it wasn't just a few months ago.   |
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Tzupy
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October 22, 2013, 12:09:39 PM |
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Moving again, guess they decided the Bitcoin fairy wasn't going to come back and shower them with more cheap coins  IMO in 2 - 3 hours btcnCNY will decide if the uptrend continues, or it crashes hard again. My guess is it will crash hard. |
Sometimes, if it looks too bullish, it's actually bearish
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culexevilman
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Bitcoin is too valuable to be used as a currency
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October 22, 2013, 01:51:13 PM |
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I am arbing and if you got money wanting to arb I can get CNY out of china through Taiwan ATM From there we can do most currency.
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el_rlee
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Activity: 1600
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October 22, 2013, 01:57:49 PM |
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I am arbing and if you got money wanting to arb I can get CNY out of china through Taiwan ATM From there we can do most currency.
The problem is you hardly will be able to directly put it in my bitstamp account, are you? |
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TTBit
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Activity: 1136
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October 22, 2013, 02:31:08 PM |
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There is a CNY.ripplecn / USD.bitstamp pair on ripple for those that want to take a shot at arbing. Not the most liquid at the moment (.1506 bid / .1610 ask), but more eyes on it the better.
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good judgment comes from experience, and experience comes from bad judgment
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el_rlee
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October 22, 2013, 02:39:12 PM |
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There is a CNY.ripplecn / USD.bitstamp pair on ripple for those that want to take a shot at arbing. Not the most liquid at the moment (.1506 bid / .1610 ask), but more eyes on it the better.
Is there a way to get Chinese RMB into ripple? |
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rebuilder
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Activity: 1615
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October 22, 2013, 02:55:58 PM |
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Someone seems to be dicking around on btcchina. Some kind of posturing - the bid and ask walls move back and forth, seems to be about 300 BTC worth of either being removed from one side and added to the other, and back again.
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Zangelbert Bingledack
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October 22, 2013, 03:01:05 PM |
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I mentioned above that it needed to come down to 1150-1200, so it is, with of course some temporary overcorrection likely. Price discovery is beautiful  |
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notme
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October 22, 2013, 03:03:50 PM |
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Moving again, guess they decided the Bitcoin fairy wasn't going to come back and shower them with more cheap coins IMO in 2 - 3 hours btcnCNY will decide if the uptrend continues, or it crashes hard again. My guess is it will crash hard. I hope your right. My primary count has this last run up as wave 5 off the $65 bottom. I'm not yet convinced it is over, but when it is we should have a sizable ABC. |
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TTBit
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October 22, 2013, 03:07:08 PM |
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There is a CNY.ripplecn / USD.bitstamp pair on ripple for those that want to take a shot at arbing. Not the most liquid at the moment (.1506 bid / .1610 ask), but more eyes on it the better.
Is there a way to get Chinese RMB into ripple? Well yes, but for non-china customers it involves the BTC/CNY spread at the moment. My fault, I shouldn't have inferred that it is currently easy to get CNY into ripple. |
good judgment comes from experience, and experience comes from bad judgment
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wasserman99
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October 22, 2013, 03:35:48 PM |
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There is a CNY.ripplecn / USD.bitstamp pair on ripple for those that want to take a shot at arbing. Not the most liquid at the moment (.1506 bid / .1610 ask), but more eyes on it the better.
Is there a way to get Chinese RMB into ripple? don't know much about it though and i think liquidity is a constant issue with Ripple.... |
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MAbtc
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October 22, 2013, 07:48:57 PM |
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This rally being China-driven is very frustrating considering how volatile movement has been on Chinese exchanges... such thin market depth is really hard to read. I am worried about the virtually non-existent bid support.
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Ivanhoe
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October 22, 2013, 08:19:11 PM |
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chriswilmer
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October 22, 2013, 09:05:27 PM |
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2dogs
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October 23, 2013, 06:08:30 AM |
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Another key milestone reached by our Chinese friends... ¥ 1.337 ? thats no milestone. I have one for U: https://www.rmbtb.com/en/This is a very difficult website to register; always getting the 403 Forbidden or other error message. Is there some special trick one has to have to use this website? |
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