^ BMB? <-I know I'll regret asking...
I understand. Mum's the word.
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 21802. (Read 26608336 times)
May 05, 2015, 07:43:44 AM
May 05, 2015, 07:34:50 AM
Nothing to worry about. Just more coiling. Like a spring. Like a cobra, getting ready to strike. Like a pig, readying to take to the sky and SOAR!
I'm guardedly optimistic.
Good morning to you,
Good morning NLC
Are you really BMB?
May 05, 2015, 07:15:19 AM
This is just in:
Huobi Will Now Take Your Bitcoins as Stock Trading Collateral. -- Huobi's new platform lets investors buy real shares on the Shanghai Stock Exchange, while still keeping their bitcoin holdings as collateral. --(Published @ May 05, 2015 at 06:07AM by www.bitcoins.am
http://bit.ly/1zvWCSm
Huobi Will Now Take Your Bitcoins as Stock Trading Collateral. -- Huobi's new platform lets investors buy real shares on the Shanghai Stock Exchange, while still keeping their bitcoin holdings as collateral. --(Published @ May 05, 2015 at 06:07AM by www.bitcoins.am
http://bit.ly/1zvWCSm
now this is interesting moves, this makes shanghai stock exchange become international stock exchange...
Oooh yes!
Just in time to be the last buyer at the peak of the Shanghai stock bubble, after it has been pumped, hyped, leveraged, fueled by decades of export cash, yuan printing, 16x-annual-income-mortgages residential property market, and eyeballs-deep-in-debt corporate commercial property bubble, and empty cities construction bubble. No more domestic buyers left in China. MUST keep super-Shanghai-super-bubble-stock-market inflated with foreign investor's BTC savings....
MUST be a silver-lining here
http://www.zerohedge.com/news/2015-05-05/china-stocks-tumble-most-4-months-australia-cuts-rates-record-low
just read that shanghai stock exchange crashed...
man, you were right. it all makes sense now.
May 05, 2015, 07:13:15 AM
Could it be that the rises of April 30 and/or May 3 were due to the expectation of BIT trading on OTCQX, and the current dump is due to the disappointing volume there?
Or perhaps they were due to the 100 M$ Circle investment nws, and disappointment with that?
Shares of BIT and COIN and PBP etc. are IOUs for bitcoins that are held by the respective companies. The question is why can't institutional funds invest in actual bitcoins directly, but using a middleman to avoid the risk of sending money to foreign/unregulated exchanges.
Indeed, there is a one-time fee when redeeming or issuing the shares, plus something like an administration fee of 2% for each year that the bitcoins sit at Greyscale.
So BIT does provide something that you don't get by buying raw bitcoins: perpetual inflation.
http://np.reddit.com/r/Buttcoin/comments/34assy/the_list_of_things_that_are_going_to_save_buttcoin/
Or perhaps they were due to the 100 M$ Circle investment nws, and disappointment with that?
Can't [ a big investment ] fund strike a private contract with a sufficiently reliable middleman, who would buy the bitcoins on the exchanges or other places, shouldering the risks, and then sell them to the fund?
yeah like SecondMarket, in the future COIN and other ETF's and etc.Shares of BIT and COIN and PBP etc. are IOUs for bitcoins that are held by the respective companies. The question is why can't institutional funds invest in actual bitcoins directly, but using a middleman to avoid the risk of sending money to foreign/unregulated exchanges.
Why does [ the GBTC page ] say approximately 0.1 bitcoin, and not exactly 0.1 bitcoin per share?
Fees.Indeed, there is a one-time fee when redeeming or issuing the shares, plus something like an administration fee of 2% for each year that the bitcoins sit at Greyscale.
So BIT does provide something that you don't get by buying raw bitcoins: perpetual inflation.
So, now that Silbert and GBTC has fallen a little flat, who is the next Messiahtm in the pipeline?
http://np.reddit.com/r/Buttcoin/comments/34assy/the_list_of_things_that_are_going_to_save_buttcoin/
May 05, 2015, 07:13:11 AM
This is just in:
Huobi Will Now Take Your Bitcoins as Stock Trading Collateral. -- Huobi's new platform lets investors buy real shares on the Shanghai Stock Exchange, while still keeping their bitcoin holdings as collateral. --(Published @ May 05, 2015 at 06:07AM by www.bitcoins.am
http://bit.ly/1zvWCSm
Huobi Will Now Take Your Bitcoins as Stock Trading Collateral. -- Huobi's new platform lets investors buy real shares on the Shanghai Stock Exchange, while still keeping their bitcoin holdings as collateral. --(Published @ May 05, 2015 at 06:07AM by www.bitcoins.am
http://bit.ly/1zvWCSm
now this is interesting moves, this makes shanghai stock exchange become international stock exchange...
Oooh yes!
Just in time to be the last buyer at the peak of the Shanghai stock bubble, after it has been pumped, hyped, leveraged, fueled by decades of export cash, yuan printing, 16x-annual-income-mortgages residential property market, and eyeballs-deep-in-debt corporate commercial property bubble, and empty cities construction bubble. No more domestic buyers left in China. MUST keep super-Shanghai-super-bubble-stock-market inflated with foreign investor's BTC savings....
MUST be a silver-lining here
http://www.zerohedge.com/news/2015-05-05/china-stocks-tumble-most-4-months-australia-cuts-rates-record-low
The chinese government is quite good at their game of "pick-up sticks", but it can't go on forever. In a democratic country that could cost you an election. Could be interesting to see if The Communist Party will experience something similar.
May 05, 2015, 06:58:04 AM
May 05, 2015, 06:56:15 AM
Wacky question from someone who has been trading for 4 years now.
If I am just buying and selling at exchanges and this is how I am making my full income do I need some sort of license?
I was out drinking last night and a couple people told me I need a money transmitter license. For some reason I thought this was only for selling coin to people.
Anyone know? Im in the United States BTW
Thanks
You don't need a license.If I am just buying and selling at exchanges and this is how I am making my full income do I need some sort of license?
I was out drinking last night and a couple people told me I need a money transmitter license. For some reason I thought this was only for selling coin to people.
Anyone know? Im in the United States BTW
Thanks
Just be sure to inform about tax rules.
I'm doing this too since 2013, and from 2015 on this is my only profession. Here in the Netherlands the tax climate is quite good for having an income from investing/saving (I pay close to no tax). Not sure about your state.
My close friend topped nationals with Gravekeepers 6 or 7 years ago.
Big ups to Spy
May 05, 2015, 06:55:53 AM
This is just in:
Huobi Will Now Take Your Bitcoins as Stock Trading Collateral. -- Huobi's new platform lets investors buy real shares on the Shanghai Stock Exchange, while still keeping their bitcoin holdings as collateral. --(Published @ May 05, 2015 at 06:07AM by www.bitcoins.am
http://bit.ly/1zvWCSm
Huobi Will Now Take Your Bitcoins as Stock Trading Collateral. -- Huobi's new platform lets investors buy real shares on the Shanghai Stock Exchange, while still keeping their bitcoin holdings as collateral. --(Published @ May 05, 2015 at 06:07AM by www.bitcoins.am
http://bit.ly/1zvWCSm
now this is interesting moves, this makes shanghai stock exchange become international stock exchange...
Oooh yes!
Just in time to be the last buyer at the peak of the Shanghai stock bubble, after it has been pumped, hyped, leveraged, fueled by decades of export cash, yuan printing, 16x-annual-income-mortgages residential property market, and eyeballs-deep-in-debt corporate commercial property bubble, and empty cities construction bubble. No more domestic buyers left in China. MUST keep super-Shanghai-super-bubble-stock-market inflated with foreign investor's BTC savings....
MUST be a silver-lining here
http://www.zerohedge.com/news/2015-05-05/china-stocks-tumble-most-4-months-australia-cuts-rates-record-low
May 05, 2015, 06:40:53 AM
I found it more interesting how people are willing to pay much more for btc/shares or anything else on one regulated market rather on those shady exchanges most of us are using... We all know those exchanges probably won't survive in next years, because regulated and trusted exchanges will surpass them. So question here is, who will go down first? My guess is Bitfinex. They probably already working on fractional reserves, not to mention they are under big manipulation.
It is just heavily short whales dumping the price lower to prevent buying in response to GBTC trading at a hefty premium to the exchange price. If a 5000 coin transaction goes through then things could get interesting really quick.
Ah, come on. You don't really believe that now, do you? The only response to GBTC was to sell, since the dreamed about take off did not happen.
Nobody needed to do anything to "Prevent buying" anywhere. That is just nonsense, and I have a feeling you know it too.
Yeah the price dumping from 238 to 231 in 2 minutes overnight is natural selling.
Anyway after the next three months it won't matter a jot. The log trendline is rapidly falling towards the current price.
May 05, 2015, 06:38:07 AM
Huobi Will Now Take Your Bitcoins
Fixed that, Only the first 6 words relevent to bitcoiners, the rest is just noise.
May 05, 2015, 06:33:09 AM
I found it more interesting how people are willing to pay much more for btc/shares or anything else on one regulated market rather on those shady exchanges most of us are using... We all know those exchanges probably won't survive in next years, because regulated and trusted exchanges will surpass them. So question here is, who will go down first? My guess is Bitfinex. They probably already working on fractional reserves, not to mention they are under big manipulation.
It is just heavily short whales dumping the price lower to prevent buying in response to GBTC trading at a hefty premium to the exchange price. If a 5000 coin transaction goes through then things could get interesting really quick.
Ah, come on. You don't really believe that now, do you? The only response to GBTC was to sell, since the dreamed about take off did not happen.
Nobody needed to do anything to "Prevent buying" anywhere. That is just nonsense, and I have a feeling you know it too.
May 05, 2015, 06:16:33 AM
wtf just happened on huobi?
30k btc trade but no movement....
30k btc trade but no movement....
Look at the orderbook on huobi to see the truth. The volume is almost entirely fallacious.
May 05, 2015, 06:15:13 AM
This is just in:
Huobi Will Now Take Your Bitcoins as Stock Trading Collateral. -- Huobi's new platform lets investors buy real shares on the Shanghai Stock Exchange, while still keeping their bitcoin holdings as collateral. --(Published @ May 05, 2015 at 06:07AM by www.bitcoins.am
http://bit.ly/1zvWCSm
Huobi Will Now Take Your Bitcoins as Stock Trading Collateral. -- Huobi's new platform lets investors buy real shares on the Shanghai Stock Exchange, while still keeping their bitcoin holdings as collateral. --(Published @ May 05, 2015 at 06:07AM by www.bitcoins.am
http://bit.ly/1zvWCSm
now this is interesting moves, this makes shanghai stock exchange become international stock exchange...
May 05, 2015, 06:12:18 AM
[ Institutional funds ] would never, ever, send money to unregulated exchanges. It's simply against their basic policies. Institutional money has no mechanism of acquiring significant amount of BTC, except for the FBI auctions which is not usual way how they do business. Even if they want to buy BTC they can't, putting aside question whether they want to do that or not. That's why I've said any "good-intended" announcement of big money entering BTC which ends up being false, leaves much more damage then idiot who announced it imagined.
Can't such a fund strike a private contract with a sufficiently reliable middleman, who would buy the bitcoins on the exchanges or other places, shouldering the risks, and then sell them to the fund?
yeah like SecondMarket, in the future COIN and other ETF's and etc.
May 05, 2015, 06:06:20 AM
wtf just happened on huobi?
30k btc trade but no movement....
30k btc trade but no movement....
May 05, 2015, 06:03:06 AM
This is just in:
Huobi Will Now Take Your Bitcoins as Stock Trading Collateral. -- Huobi's new platform lets investors buy real shares on the Shanghai Stock Exchange, while still keeping their bitcoin holdings as collateral. --(Published @ May 05, 2015 at 06:07AM by www.bitcoins.am
http://bit.ly/1zvWCSm
Huobi Will Now Take Your Bitcoins as Stock Trading Collateral. -- Huobi's new platform lets investors buy real shares on the Shanghai Stock Exchange, while still keeping their bitcoin holdings as collateral. --(Published @ May 05, 2015 at 06:07AM by www.bitcoins.am
http://bit.ly/1zvWCSm
May 05, 2015, 05:57:57 AM
May 05, 2015, 05:48:51 AM
Wacky question from someone who has been trading for 4 years now.
If I am just buying and selling at exchanges and this is how I am making my full income do I need some sort of license?
I was out drinking last night and a couple people told me I need a money transmitter license. For some reason I thought this was only for selling coin to people.
Anyone know? Im in the United States BTW
Thanks
You don't need a license.If I am just buying and selling at exchanges and this is how I am making my full income do I need some sort of license?
I was out drinking last night and a couple people told me I need a money transmitter license. For some reason I thought this was only for selling coin to people.
Anyone know? Im in the United States BTW
Thanks
Just be sure to inform about tax rules.
I'm doing this too since 2013, and from 2015 on this is my only profession. Here in the Netherlands the tax climate is quite good for having an income from investing/saving (I pay close to no tax). Not sure about your state.
May 05, 2015, 05:44:29 AM
I found it more interesting how people are willing to pay much more for btc/shares or anything else on one regulated market rather on those shady exchanges most of us are using... We all know those exchanges probably won't survive in next years, because regulated and trusted exchanges will surpass them. So question here is, who will go down first? My guess is Bitfinex. They probably already working on fractional reserves, not to mention they are under big manipulation.
People will look back in the future and shake their heads at the insanity of sending large amounts of money to anonymous strangers in foreign lands. It still amazes me that people do it. Once the option of not getting potentially raped is there they'll all be dust.
I disagree. eg. BTC-E has never been competing with regulated exchanges and Bitfinex and Bitstamp are somewhere between BTC-E and fully regulated exchanges.
Each exchange type will find their Niche in the market.
May 05, 2015, 05:42:52 AM
Wacky question from someone who has been trading for 4 years now.
If I am just buying and selling at exchanges and this is how I am making my full income do I need some sort of license?
I was out drinking last night and a couple people told me I need a money transmitter license. For some reason I thought this was only for selling coin to people.
Anyone know? Im in the United States BTW
Thanks
If I am just buying and selling at exchanges and this is how I am making my full income do I need some sort of license?
I was out drinking last night and a couple people told me I need a money transmitter license. For some reason I thought this was only for selling coin to people.
Anyone know? Im in the United States BTW
Thanks
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