Bitcoins in 2014?

[Edwin]

I don't know enough about the subject, but I wonder if events like that $721,000 trade are reflected in the Bitcoin spot rate instantly, or only after the transaction has been validated by the network?

If the latter, that suggests there's a tiny window of opportunity (a few minutes) for arbitragers to watch the realtime "raw" transaction feed, and speculate on Bitcoin price fluctuations (eg with Bitcoin derivatives) "knowing" there's a massive transaction about to swing the price when it validates...

 

[retired_member33]

Keeping an eye on the site Edwin posted earlier.. Fiatleak.com

The steady stream of BTC going into China is still going strong.

*conspiracy theory* Could it be that China is driving down the price of BTC to buy more coins and then announce that trading BTC is allowed after they have bought enough?*conspiracy theory*

 

[Edwin]

Keeping an eye on the site Edwin posted earlier.. Fiatleak.com

The steady stream of BTC going into China is still going strong.

*conspiracy theory* Could it be that China is driving down the price of BTC to buy more coins and then announce that trading BTC is allowed after they have bought enough?*conspiracy theory*

Don't forget that the site represents buys and sells the same way i.e. the coins are always shown going into the country in question even if they're in fact going out. It shows the volume of trade, but not the actual direction.

It could therefore be that the Chinese are hurrying to get their Bitcoin changed back into yuan before the bank clampdown bites deep - you can't tell from FiatLeak.com alone.

 

[retired_member36]

*conspiracy theory* Could it be that China is driving down the price of BTC to buy more coins and then announce that trading BTC is allowed after they have bought enough?*conspiracy theory*

That's something I thought too

 

[Retired_Member38]

Some giant transactions going down. In the last minute I've seen one for $250,000 and another for over $150,000
http://blockchain.info

You can't really rely on Blockchain alone to watch transactions though - it could be people moving money around accounts they own. Or it could be one of the market places shifting multiple peoples money around or in/out of cold storage etc.

You'd be better off watching the order book on Bitstamp and then seeing if they go past the prices that activate them, as they are definitely actual buy/sells that have taken place, with legitimate money funding them.

https://www.bitstamp.net/market/order_book/

 

[retired_member33]

You can't really rely on Blockchain alone to watch transactions though - it could be people moving money around accounts they own. Or it could be one of the market places shifting multiple peoples money around or in/out of cold storage etc.

You'd be better off watching the order book on Bitstamp and then seeing if they go past the prices that activate them, as they are definitely actual buy/sells that have taken place, with legitimate money funding them.

https://www.bitstamp.net/market/order_book/

Blockchain reports earnings from mining pools as well (for as far as I know) so it is easy to see big shifts so it is hard to take that as a measure... Same goes for Fiatleak which is just reporting one way...

I think for a lot of bitcoin owners ( for me at least ) it is all about investing in the future and a bit of fun ( mining, trading etc ) I mean I smile when good news about BTC comes out and I still smile when shit happens like Mt. Gox or Neo and Bee, digital currencies are the future and I would rather put my money in BTC then investing in a domain or website which can be fucked by Google anytime... But can't Bitcoins be fucked anytime? I hear you asking... Yes but at least I enjoyed the ride....

Ps... Can this thread/comment be removed whenever it gets embarrasing? It seems anyone who says something on this forum which they don't like can get it removed..Who do I talk to to get this sorted?

 

[DaveP]

One word. Fluttercoin. That is all.

 

[retired_member33]

One word. Fluttercoin. That is all.

One word.. Actually three.. Are you serious?

 

[DaveP]

One word.. Actually three.. Are you serious?

Are you? What's wrong?

 

[retired_member33]

Are you? What's wrong?

 

[DaveP]

We shall see then mate.. no need for a debate lol.

 

[ClassicalGuitar]

One word. Fluttercoin. That is all.

Yes Fluttercoin is interesting, I like their unique Proof-of-Transaction model.

Blackcoin is another to watch, you can buy a plane with Blackcoin.

 

[retired_member33]

Interesting news Yesterday.

1. MIT undergrads get $100 of Bitcoins

2. Bloomberg introduces Bitcoins on their trading terminals (which I think is a big one)

Interesting times

 

[RobM]

I'm new to all this but feel like having a dabble. I've set up a wallet and have a paper backup. Now how do I actually buy a bitcoin? Any members want to sell me one to get started as I trust people here - payment via paypal.

 

[retired_member33]

Daisycon; a Dutch affiliate network have now added Bitcoins as a way to get paid, pretty cool.

Price has been going up as well, http://preev.com/

Have to go to a wedding next week and thinking about giving them some BTC as a wedding present, our would that be a shit present?

 

[Edwin]

Not directly about Bitcoin, but cryptocurrency related
https://xrptalk.org/topic/2629-selling-my-xrp/

Basically, there's a huge amount of talk around a post by a Ripple founder suggesting that (if genuine) he is going to dump his entire holding of Ripple in the next 2 weeks. So if you're holding Ripple, you may want to keep an eye on this...

 

[boxerdog]

Just noticed THIS as well, "Bitnotes" makes sense.

 

[RobM]

Well I'm leaving it alone. I doubled my bitcoins in 7 days by simple arbitrage but the effort involved combined with how shoddy all of the exchanges are (bordering on thieves with coins that go 'missing', don't arrive, don't leave, shill orders, non-filled orders etc) has left a sour taste in my mouth. I am left with the opinion that the people involved are dodgy and the currencies are are 'pumped and dumped' way worse than domains. There is far more money to be made in easier avenues.

 

[Edwin]

Just noticed THIS as well, "Bitnotes" makes sense.

Except that it really doesn't, because they're using "coin" and "note" in exactly the opposite way to the way they're used in real life. It's so counter-intuitive that I had to check three times that was indeed the case, but they're suggesting that "coin" is a big unit and "note" is a very small unit.

 

[boxerdog]

Yeah i agree its totally the wrong way round from what were used to but its a "virtual" currency so is there really a right and a wrong? who says it has to be notes then coins in a virtual world? :-?