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"I'm sure that in 20 years there will either be very large transaction volume or no volume." -- Satoshi
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arbitrage001
Legendary
 Offline
Activity: 1067
Merit: 1000
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August 29, 2014, 04:20:06 PM |
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Is the exchange complying with international standard? That is, if I use the exchange, will I be black listed by my bank? |
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falllling
Member
Offline
Activity: 112
Merit: 10
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August 29, 2014, 04:25:21 PM |
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yes you will if you use any exchangers, AML and KYC and "bank dislike & ban" always apply to you
a new exchanger won't change anything, people is still geting out and bitcoin is going down!
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DavidHume
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August 29, 2014, 05:06:32 PM |
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yes you will if you use any exchangers, AML and KYC and "bank dislike & ban" always apply to you
a new exchanger won't change anything, people is still geting out and bitcoin is going down!
Do you know this for certain? Or are you pulling fact out from thin air? |
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ffe
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August 29, 2014, 05:07:15 PM |
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yes you will if you use any exchangers, AML and KYC and "bank dislike & ban" always apply to you
a new exchanger won't change anything, people is still geting out and bitcoin is going down!
Dead Cat Bounce buddy! |
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btcracer1
Newbie
Offline
Activity: 45
Merit: 0
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August 29, 2014, 05:08:01 PM |
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If they really enter in the market there will be a new huge jump in price, let's hope it will happen.
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maker88
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August 29, 2014, 05:11:14 PM |
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yes you will if you use any exchangers, AML and KYC and "bank dislike & ban" always apply to you
a new exchanger won't change anything, people is still geting out and bitcoin is going down!
Do you know this for certain? Or are you pulling fact out from thin air? Well aml and kyc do not equal a ban by any wild stretch of the imagination, so the fact he says one means the other should point out that he's just talking shit like always |
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giveBTCpls
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August 29, 2014, 05:12:24 PM |
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Arab money moving into the BTC world. Get ready for liftoff. Next year is going to be fun, specially after seeing all these fallling retarded posts.
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maker88
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August 29, 2014, 05:14:29 PM |
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If they really enter in the market there will be a new huge jump in price, let's hope it will happen.
This is not for certain, the actual rich elite of Dubai likely have already established ways to get coins OTC if they want them. This is what is really behind the price drop, an expansion of the OTC market keeping the majority of transactions off exchanges. |
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NapoleonBonaparte
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August 29, 2014, 05:14:37 PM |
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Arab money moving into the BTC world. Get ready for liftoff. Next year is going to be fun, specially after seeing all these fallling retarded posts.
This is actually a good news for bitcoin. Arab can ditch US bond and invest in bitcoin instead, they have a huge stash of USD they have no idea what to do with. |
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wasserman99
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August 29, 2014, 06:40:57 PM |
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Arab money moving into the BTC world. Get ready for liftoff. Next year is going to be fun, specially after seeing all these fallling retarded posts.
This is actually a good news for bitcoin. Arab can ditch US bond and invest in bitcoin instead, they have a huge stash of USD they have no idea what to do with. I doubt they will do this. It has also been suggested that oil be traded in terms of bitcoin but this will also not happen anytime soon. I would not however be surprised if oil rich countries in the middle east start to diversify their holdings into bitcoin somewhat. |
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ensurance982
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August 29, 2014, 06:51:10 PM |
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People there really have a ton of money readily available. We basically only need the "just to be safe" money invested in BTC and observe a respectable increase, I believe. Yeah they had some economical problems, but the economy itself and especially those super-rich people over there still aren't exactly broke...
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We Support Currencies: BTC, LTC, USD, EUR, GBP
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tinof
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August 29, 2014, 06:53:56 PM |
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People there really have a ton of money readily available. We basically only need the "just to be safe" money invested in BTC and observe a respectable increase, I believe. Yeah they had some economical problems, but the economy itself and especially those super-rich people over there still aren't exactly broke...
Oil money there basically make everyone there extremely wealthy. They have a system of reverse tax. That is, you will get paid by the government after reaching certain age. |
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yayayo
Legendary
Offline
Activity: 1806
Merit: 1024
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August 29, 2014, 07:07:41 PM |
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I think it won't have much impact. Of course there are "some rich people" there, but most of them don't know / don't care about bitcoin. If they knew about bitcoin, they could have already invested easily via other international exchanges. You also have to know that "exchange" means there are buyers and sellers. It's not one-way. There may be some positive effect, but it will not stand out against the effect of general worldwide bitcoin adoption.
ya.ya.yo!
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Dump3er
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August 29, 2014, 07:11:12 PM |
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7441 BTC Volume in last 24h, current price 518?
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origin12
Member
Offline
Activity: 65
Merit: 10
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August 29, 2014, 07:13:44 PM |
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I heard they get very cheap government subsidized electricity there. That would give their miners a chance to undercut most of the others who pay more for electricity.
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frankenmint
Legendary
Offline
Activity: 1456
Merit: 1018
HoneybadgerOfMoney.com Weed4bitcoin.com
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August 29, 2014, 07:14:54 PM |
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7441 BTC Volume in last 24h, current price 518?
arbitrage. It doesn't matter if bulls are there - more bots will be around to correct the price with a spread from other liquidity. |
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wasserman99
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August 29, 2014, 09:01:03 PM |
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People there really have a ton of money readily available. We basically only need the "just to be safe" money invested in BTC and observe a respectable increase, I believe. Yeah they had some economical problems, but the economy itself and especially those super-rich people over there still aren't exactly broke...
Oil money there basically make everyone there extremely wealthy. They have a system of reverse tax. That is, you will get paid by the government after reaching certain age. I don't think this is true for most of their citizens, otherwise many more people would be flocking there. I am pretty sure that most of the money the government earns from sales of oil goes to the government and the royal family. |
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tabnloz
Legendary
Offline
Activity: 961
Merit: 1000
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August 29, 2014, 09:27:17 PM |
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yes you will if you use any exchangers, AML and KYC and "bank dislike & ban" always apply to you
a new exchanger won't change anything, people is still geting out and bitcoin is going down!
Do you know this for certain? Or are you pulling fact out from thin air? Well aml and kyc do not equal a ban by any wild stretch of the imagination, so the fact he says one means the other should point out that he's just talking shit like always Being a grammar nazi, I love Failllllling. |
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