BitcoinTate
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Activity: 224
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DigiByte Founder
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April 08, 2013, 05:33:20 PM |
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China is dumping
Most likely arbitrage. There was a difference of $45 earlier. Made me wish I had setup an account there. Then I gotta deal with LR though, which I do not have. I tried Arbitraging BTC China last week with a $50 spread. Unless you have a Chinese bankaccount to transfer your yuan to and back to Gox it is not worth it. By the time I went Yuan -> LR, LR-USD-Gox I had been hit with almost 15% fees and it was barely profitable. Plus it took 2 days and the spread closed. |
- aka The "DigiMan"
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buddhacoiner
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April 08, 2013, 05:35:14 PM |
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The volume of BTC China is reset everyday at midnight of China (16:00 UTC) oh okay...then just add a 0 China is dumping
Welcome to BTCChina! Bitcoin Price Ticker ( BTCChina, Realtime) CNY Last BTC Price: ¥1,225.50 High: ¥1,329.01 Low: ¥1,205.00 Last Bid: ¥1,210.00 Last Ask: ¥1,227.10 Volume: 320.478Bitcoin Price Ticker (Mtgox, Updated every 5 min) USD CNY Last BTC Price: $185.49 ¥1152.52 High: $194.9 ¥1210.99 Low: $155 ¥963.08 Last Bid: $183.65 ¥1141.09 Last Ask: $185.49 ¥1152.52 Volume: 99923....bit of a difference in volume |
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Crazy
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April 08, 2013, 05:38:03 PM |
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I tried Arbitraging BTC China last week with a $50 spread. Unless you have a Chinese bankaccount to transfer your yuan to and back to Gox it is not worth it. By the time I went Yuan -> LR, LR-USD-Gox I had been hit with almost 15% fees and it was barely profitable. Plus it took 2 days and the spread closed.
That must have been infuriating. |
Elon Krusky
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BitcoinTate
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April 08, 2013, 05:43:32 PM |
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I tried Arbitraging BTC China last week with a $50 spread. Unless you have a Chinese bankaccount to transfer your yuan to and back to Gox it is not worth it. By the time I went Yuan -> LR, LR-USD-Gox I had been hit with almost 15% fees and it was barely profitable. Plus it took 2 days and the spread closed.
That must of been infuriating. I only did 0.5 BTC, but yeah I had higher hopes. If it worked I only planned doing 5 BTC at a time. I read somewhere on their site they would "freeze" your account and inspect it if they "suspected" something was up. I don't trust the Chinese, or the bank they use. After all it is against the law there. So in conclusion it is not worth the risk. |
- aka The "DigiMan"
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dohse
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April 08, 2013, 05:49:31 PM |
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Richy_T
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1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k
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April 08, 2013, 05:50:45 PM |
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Wrong "up", people  |
1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k
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samson
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April 08, 2013, 05:53:28 PM |
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Damn it, I paid too much !
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dextryn
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April 08, 2013, 06:01:19 PM |
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Can you imagine how pissed you would be if you invested in an asic with BFL when btc was $10?
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DougTanner
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April 08, 2013, 06:01:41 PM |
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It's all over the place.  |
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Le Happy Merchant
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April 08, 2013, 06:04:45 PM |
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Can you imagine how pissed you would be if you invested in a asic with BFL when btc was $10?
The only thing that stopped me is that I don't have an address to ship to. |
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BitcoinTate
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DigiByte Founder
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April 08, 2013, 06:14:04 PM |
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Can you imagine how pissed you would be if you invested in a asic with BFL when btc was $10?
The only thing that stopped me is that I don't have an address to ship to. I asked for a refund in the middle of February and bought BTC with my refund when the price was $28. I used Paypal to buy an Asic and not BTC though. |
- aka The "DigiMan"
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wonkytonky
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April 08, 2013, 06:20:14 PM |
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and we are back on track :-)
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Whatever. And no you haven’t been in bitcoin since 2010. Plus if you really feel the way you do. Then sell. Have conviction. If not keep pounding sand.
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Arzack
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April 08, 2013, 06:22:06 PM |
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It begins!
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pennywise
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April 08, 2013, 06:25:28 PM |
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It almost hit 200 today. Tomorow I strongly believe it will happen. In other news: MtGox personnel are struggling to cope with pending verifications...  |
We went through a period where it was briefly tough and now there are 1400 new billionaires in the world - maybe some capital was misallocated... --Kyle Bass
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DougTanner
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April 08, 2013, 06:32:46 PM |
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We're almost back to before the initial dump.  |
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BitcoinTate
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April 08, 2013, 06:33:00 PM |
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In other news: MtGox personnel are struggling to cope with pending verifications...
Anyone know how long the waiting line currently is? |
- aka The "DigiMan"
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Krabby
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https://primedao.eth.link/#/
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April 08, 2013, 06:34:04 PM |
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In other news: MtGox personnel are struggling to cope with pending verifications...
Anyone know how long the waiting line currently is? 15.5k |
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BitcoinTate
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DigiByte Founder
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April 08, 2013, 06:37:34 PM |
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And ... I am now the happy owner of a few coins bought at 150€ exactly.
Wish me good luck !
Good luck bro! You won't regret it.  |
- aka The "DigiMan"
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Piper67
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April 08, 2013, 06:40:43 PM |
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Virtex is up at $200  |
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laughingbear
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April 08, 2013, 06:42:14 PM |
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the mtgox price manipulation.... it burns!
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