The poll was too bullish again.
Because the rent, is too damn HIGH.
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 27242. (Read 26707441 times)
June 11, 2014, 02:07:00 PM
Because the rent, is too damn HIGH.
June 11, 2014, 02:01:01 PM
June 11, 2014, 01:28:18 PM
The ex-"technical chief supervisor"* of Blockchain.info joins OKCoin
Thanks! It may be sign that they are progressing towards opening oversea operations, perhaps? June 11, 2014, 01:20:14 PM
The poll was too bullish again.
The week's not over yet
But Market not, its just sideways.
June 11, 2014, 01:13:47 PM
The poll was too bullish again.
The week's not over yet
Hope I'm wrong, but hardly... It's lame, boring and with a slightly downward trend.
June 11, 2014, 01:10:56 PM
The poll was too bullish again.
The week's not over yet
June 11, 2014, 01:09:50 PM
The poll was too bullish again.
June 11, 2014, 01:01:02 PM
June 11, 2014, 12:55:26 PM
Well, Jed Caleb [ ... ] is also creator and co-owner of Gox (12% shares). And co-defendant with Karpeles in the trial.
I understand that Sunlot made a deal with the people who where suing Mark and Jed in te US, and they have withdrawn the lawsuit. Also Sunlot claims that Jed (and Gay-Bouchery) have approved their plan, in exchange for being freed of any responsibility in the collapse. https://bitcointalksearch.org/topic/savegoxcom-587295
https://bitcointalksearch.org/topic/m.6511936
They are rather ambiguos about what they will do with Mark, in particular if he will get a share of the recovered coins like any other client:
https://bitcointalksearch.org/topic/m.6728528
(AFAIK, management always has the last priority in bankruptcy cases, even if there is no evidence of wrongdoing.)
June 11, 2014, 12:53:03 PM
This Chinese article from 2014-06-10 seems to report some deal between blockchain.info and OKcoin:
http://3c.ycwb.com/2014-06/10/content_6936946.htm
Google Translate is not very helpful. Any hints?
http://3c.ycwb.com/2014-06/10/content_6936946.htm
Google Translate is not very helpful. Any hints?
The ex-"technical chief supervisor"* of Blockchain.info joins OKCoin
(* I don't know the exact title of his original position in blockchain.info. I just translate it literally)
June 11, 2014, 12:41:27 PM
For whatever it is worth (via Google Translate):
比特币两月狂涨80% 起死回生还是回光返照
Bitcoin two months shot up 80% to revive or supernatural
Sina Finance, 01:12 on June 5, 2014
http://finance.sina.com.cn/money/lczx/20140605/011219315838.shtml
比特币两月狂涨80% 起死回生还是回光返照
Bitcoin two months shot up 80% to revive or supernatural
Sina Finance, 01:12 on June 5, 2014
http://finance.sina.com.cn/money/lczx/20140605/011219315838.shtml
Quote
[... ]
"Daily Economic News" reporter from the K -line pending Bitcoin Chinese market noticed from early April bitcoin lowest price 2419 yuan / BTC to June 3 up to 4211 yuan / BTC, or nearly 80 percent , yesterday afternoon, 18 point 19 points , bitcoin prices fell slightly to 3975.31 yuan / BTC.
Recently, Apple App shelves and allows the virtual currency Bitcoin Paris opened its first center in the industry have been interpreted as good news Bitcoin .
Bitcoin senior players Songhuan Ping told the " Daily Economic News" reporter , "My view is very simple, well bitcoin domestic development , particularly in the United States, Britain and other places. Law gradually clear , mining costs are increasing rapidly , Bitcoin directly raise the price . "
"Now Exchange , mining machines , payment, consulting and other fields have a lot of competition in these areas if all goes well , there will be a heavyweight domestic companies ." Songhuan Ping said.
However , a senior adviser to the Royal Bank of Canada by Chen into the "Daily Economic News" reporter , said Bitcoin market is still too small, the scale of billions of dollars , a few large easy to raise its price . If there is no volume prices, it is possible pitfalls. "The recent rise is clearly Bitcoin Makers eating short sellers , some of the people who lost a lot of short while before Bitcoin prices also plummeted dealer in the harvest. Bitcoin access to financial markets after more than a casino also black , flicker quite a few retail investors ."
[ ... ]
"Daily Economic News" reporter from the K -line pending Bitcoin Chinese market noticed from early April bitcoin lowest price 2419 yuan / BTC to June 3 up to 4211 yuan / BTC, or nearly 80 percent , yesterday afternoon, 18 point 19 points , bitcoin prices fell slightly to 3975.31 yuan / BTC.
Recently, Apple App shelves and allows the virtual currency Bitcoin Paris opened its first center in the industry have been interpreted as good news Bitcoin .
Bitcoin senior players Songhuan Ping told the " Daily Economic News" reporter , "My view is very simple, well bitcoin domestic development , particularly in the United States, Britain and other places. Law gradually clear , mining costs are increasing rapidly , Bitcoin directly raise the price . "
"Now Exchange , mining machines , payment, consulting and other fields have a lot of competition in these areas if all goes well , there will be a heavyweight domestic companies ." Songhuan Ping said.
However , a senior adviser to the Royal Bank of Canada by Chen into the "Daily Economic News" reporter , said Bitcoin market is still too small, the scale of billions of dollars , a few large easy to raise its price . If there is no volume prices, it is possible pitfalls. "The recent rise is clearly Bitcoin Makers eating short sellers , some of the people who lost a lot of short while before Bitcoin prices also plummeted dealer in the harvest. Bitcoin access to financial markets after more than a casino also black , flicker quite a few retail investors ."
[ ... ]
Summary: Short squeeze finished! Long squeeze is next. There is no new money that has entered the marked!
While I agree with your conclusion based on charts, that translation is so bad that it made me dizzy while trying to understand it.
June 11, 2014, 12:39:53 PM
For whatever it is worth (via Google Translate):
比特币两月狂涨80% 起死回生还是回光返照
Bitcoin two months shot up 80% to revive or supernatural
Sina Finance, 01:12 on June 5, 2014
http://finance.sina.com.cn/money/lczx/20140605/011219315838.shtml
比特币两月狂涨80% 起死回生还是回光返照
Bitcoin two months shot up 80% to revive or supernatural
Sina Finance, 01:12 on June 5, 2014
http://finance.sina.com.cn/money/lczx/20140605/011219315838.shtml
Quote
[... ]
"Daily Economic News" reporter from the K -line pending Bitcoin Chinese market noticed from early April bitcoin lowest price 2419 yuan / BTC to June 3 up to 4211 yuan / BTC, or nearly 80 percent , yesterday afternoon, 18 point 19 points , bitcoin prices fell slightly to 3975.31 yuan / BTC.
Recently, Apple App shelves and allows the virtual currency Bitcoin Paris opened its first center in the industry have been interpreted as good news Bitcoin .
Bitcoin senior players Songhuan Ping told the " Daily Economic News" reporter , "My view is very simple, well bitcoin domestic development , particularly in the United States, Britain and other places. Law gradually clear , mining costs are increasing rapidly , Bitcoin directly raise the price . "
"Now Exchange , mining machines , payment, consulting and other fields have a lot of competition in these areas if all goes well , there will be a heavyweight domestic companies ." Songhuan Ping said.
However , a senior adviser to the Royal Bank of Canada by Chen into the "Daily Economic News" reporter , said Bitcoin market is still too small, the scale of billions of dollars , a few large easy to raise its price . If there is no volume prices, it is possible pitfalls. "The recent rise is clearly Bitcoin Makers eating short sellers , some of the people who lost a lot of short while before Bitcoin prices also plummeted dealer in the harvest. Bitcoin access to financial markets after more than a casino also black , flicker quite a few retail investors ."
[ ... ]
"Daily Economic News" reporter from the K -line pending Bitcoin Chinese market noticed from early April bitcoin lowest price 2419 yuan / BTC to June 3 up to 4211 yuan / BTC, or nearly 80 percent , yesterday afternoon, 18 point 19 points , bitcoin prices fell slightly to 3975.31 yuan / BTC.
Recently, Apple App shelves and allows the virtual currency Bitcoin Paris opened its first center in the industry have been interpreted as good news Bitcoin .
Bitcoin senior players Songhuan Ping told the " Daily Economic News" reporter , "My view is very simple, well bitcoin domestic development , particularly in the United States, Britain and other places. Law gradually clear , mining costs are increasing rapidly , Bitcoin directly raise the price . "
"Now Exchange , mining machines , payment, consulting and other fields have a lot of competition in these areas if all goes well , there will be a heavyweight domestic companies ." Songhuan Ping said.
However , a senior adviser to the Royal Bank of Canada by Chen into the "Daily Economic News" reporter , said Bitcoin market is still too small, the scale of billions of dollars , a few large easy to raise its price . If there is no volume prices, it is possible pitfalls. "The recent rise is clearly Bitcoin Makers eating short sellers , some of the people who lost a lot of short while before Bitcoin prices also plummeted dealer in the harvest. Bitcoin access to financial markets after more than a casino also black , flicker quite a few retail investors ."
[ ... ]
Summary: Short squeeze finished! Long squeeze is next. There is no new money that has entered the marked!
June 11, 2014, 12:35:46 PM
For whatever it is worth (via Google Translate):
比特币两月狂涨80% 起死回生还是回光返照
Bitcoin two months shot up 80% to revive or supernatural
Sina Finance, 01:12 on June 5, 2014
http://finance.sina.com.cn/money/lczx/20140605/011219315838.shtml
比特币两月狂涨80% 起死回生还是回光返照
Bitcoin two months shot up 80% to revive or supernatural
Sina Finance, 01:12 on June 5, 2014
http://finance.sina.com.cn/money/lczx/20140605/011219315838.shtml
Quote
[... ]
"Daily Economic News" reporter from the K -line pending Bitcoin Chinese market noticed from early April bitcoin lowest price 2419 yuan / BTC to June 3 up to 4211 yuan / BTC, or nearly 80 percent , yesterday afternoon, 18 point 19 points , bitcoin prices fell slightly to 3975.31 yuan / BTC.
Recently, Apple App shelves and allows the virtual currency Bitcoin Paris opened its first center in the industry have been interpreted as good news Bitcoin .
Bitcoin senior players Songhuan Ping told the " Daily Economic News" reporter , "My view is very simple, well bitcoin domestic development , particularly in the United States, Britain and other places. Law gradually clear , mining costs are increasing rapidly , Bitcoin directly raise the price . "
"Now Exchange , mining machines , payment, consulting and other fields have a lot of competition in these areas if all goes well , there will be a heavyweight domestic companies ." Songhuan Ping said.
However , a senior adviser to the Royal Bank of Canada by Chen into the "Daily Economic News" reporter , said Bitcoin market is still too small, the scale of billions of dollars , a few large easy to raise its price . If there is no volume prices, it is possible pitfalls. "The recent rise is clearly Bitcoin Makers eating short sellers , some of the people who lost a lot of short while before Bitcoin prices also plummeted dealer in the harvest. Bitcoin access to financial markets after more than a casino also black , flicker quite a few retail investors ."
[ ... ]
"Daily Economic News" reporter from the K -line pending Bitcoin Chinese market noticed from early April bitcoin lowest price 2419 yuan / BTC to June 3 up to 4211 yuan / BTC, or nearly 80 percent , yesterday afternoon, 18 point 19 points , bitcoin prices fell slightly to 3975.31 yuan / BTC.
Recently, Apple App shelves and allows the virtual currency Bitcoin Paris opened its first center in the industry have been interpreted as good news Bitcoin .
Bitcoin senior players Songhuan Ping told the " Daily Economic News" reporter , "My view is very simple, well bitcoin domestic development , particularly in the United States, Britain and other places. Law gradually clear , mining costs are increasing rapidly , Bitcoin directly raise the price . "
"Now Exchange , mining machines , payment, consulting and other fields have a lot of competition in these areas if all goes well , there will be a heavyweight domestic companies ." Songhuan Ping said.
However , a senior adviser to the Royal Bank of Canada by Chen into the "Daily Economic News" reporter , said Bitcoin market is still too small, the scale of billions of dollars , a few large easy to raise its price . If there is no volume prices, it is possible pitfalls. "The recent rise is clearly Bitcoin Makers eating short sellers , some of the people who lost a lot of short while before Bitcoin prices also plummeted dealer in the harvest. Bitcoin access to financial markets after more than a casino also black , flicker quite a few retail investors ."
[ ... ]
June 11, 2014, 12:30:50 PM
This Chinese article from 2014-06-10 seems to report some deal between blockchain.info and OKcoin:
http://3c.ycwb.com/2014-06/10/content_6936946.htm
Google Translate is not very helpful. Any hints?
http://3c.ycwb.com/2014-06/10/content_6936946.htm
Google Translate is not very helpful. Any hints?
June 11, 2014, 12:24:51 PM
So if I'm interpreting this correctly, CB's purchasing of coins is limited by the speed of ACH transfers of new USD to the exchanges. So what happens 3 business days from now, when their flood of new $ from today's Expedia news finally hits the exchanges?
Nice thought, but I don't buy it. Surely some interest would have filtered through to Stamp rather than backing up on Coinbase?
Yeah, I also do not see why it is a big news and why it should cause a rally? It is nice btc is accepted more widely, but buying with it still does not make much sense, rather than to make a statement. On Expedia, even money sundering does not make sense, as tickets are non-anonymous
Gox coins moving to Stamp, though, make much more sense as an explanation on a series of dumps on Stamp.
200k on Stamp would have an effect like 9 billion Ripples being dumped.
No one would be that dumb.
Well, Jed Caleb repeatedly confirmed that he is *that* dumb, he has actually started selling xrps. He is also creator and co-owner of Gox (12% shares). And co-defendant with Karpeles in the trial.
Heh. Guess he must be pretty angry with the board to follow through on it.
June 11, 2014, 12:17:56 PM
Possible BFX spread explanation:
A higher price if it is not liquidity related (low liquidity, large spread, low bid, high ask....) or fee related (higher fees, higher bid, higher ask) which we can safely rule out at the moment is often a sign of it being less attractive for people to withdraw fiat and instead withdraw btc leading to higher btc prices (think MtGox for a very long time), also the other way around (easier to deposit fiat ->higher btc price). This would fit as BFX offers no SEPA and now has % fees to withdrawals. It's also possible that as you said there is higher buy pressure because people have more buying power through margin trading although it could be argued that the ability to short on BFX should keep that in check.
With these possibilites it's probably a mix which leads to 1 to 2 % higher prices. BFX clients should definitely keep an eye on the spread though.
Also: the last time Bitfinex pulled out of an exchange it was G O X, a few months before they shutdown !
Stamp next?
A higher price if it is not liquidity related (low liquidity, large spread, low bid, high ask....) or fee related (higher fees, higher bid, higher ask) which we can safely rule out at the moment is often a sign of it being less attractive for people to withdraw fiat and instead withdraw btc leading to higher btc prices (think MtGox for a very long time), also the other way around (easier to deposit fiat ->higher btc price). This would fit as BFX offers no SEPA and now has % fees to withdrawals. It's also possible that as you said there is higher buy pressure because people have more buying power through margin trading although it could be argued that the ability to short on BFX should keep that in check.
With these possibilites it's probably a mix which leads to 1 to 2 % higher prices. BFX clients should definitely keep an eye on the spread though.
Also: the last time Bitfinex pulled out of an exchange it was G O X, a few months before they shutdown !
Stamp next?
Stamp is doing well, do not se why it will go down.
Gox was doomed was apparent for months.
June 11, 2014, 12:17:08 PM
So if I'm interpreting this correctly, CB's purchasing of coins is limited by the speed of ACH transfers of new USD to the exchanges. So what happens 3 business days from now, when their flood of new $ from today's Expedia news finally hits the exchanges?
Nice thought, but I don't buy it. Surely some interest would have filtered through to Stamp rather than backing up on Coinbase?
Yeah, I also do not see why it is a big news and why it should cause a rally? It is nice btc is accepted more widely, but buying with it still does not make much sense, rather than to make a statement. On Expedia, even money sundering does not make sense, as tickets are non-anonymous
Gox coins moving to Stamp, though, make much more sense as an explanation on a series of dumps on Stamp.
200k on Stamp would have an effect like 9 billion Ripples being dumped.
No one would be that dumb.
Well, Jed Caleb repeatedly confirmed that he is *that* dumb, he has actually started selling xrps. He is also creator and co-owner of Gox (12% shares). And co-defendant with Karpeles in the trial.
June 11, 2014, 12:10:15 PM
June 11, 2014, 12:01:01 PM
June 11, 2014, 11:25:07 AM
Arbitrage bot or user was just on his work. 50 BTC buy on stamp and sell on finex.
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