Time for the big rally to begin now

Empirical1.2 · August 14, 2015, 01:41:59 PM

Quote from: mf-tzo on August 14, 2015, 01:26:01 PM
Quote from: btswildpig on August 14, 2015, 10:36:48 AM
Quote from: liondani on August 14, 2015, 10:18:46 AM
Quote from: btswildpig on August 14, 2015, 10:06:17 AM
Quote from: inarizushi on August 14, 2015, 09:02:02 AM
Now 80% of the volume is BitCNY and CNY in BTC38.

May the BTS raise be mainly due to the Yuan devaluation ?

Yuan devaluation is a bad news for BTS since it's volume is in CNY . It means the value that's backing the liquidity is shrinking .

The rise has little to do with Yuan devaluation but more normal market rebounce after a second bottom .

but if you loose trust to CNY maybe you want to buy bitUSD... (or even short it further)

Everybody in China can buy up to 50000 real USD per year .
Also , they can buy BTC and sell it on OKcoin international to get USD balance ....

There are too many ways better than holding BitUSD to save value from Yuan devaluation .

By the way , the percentage of the outrages Yuan devaluation was less than the conversion cost than buying BitUSD ......

I am not familiar how the situation and the political environment is in China. Being Greek I would never trust moneys in a Bank. Bitassets are more secure. Maybe Chinese shouldn't trust holding usd in OKcoin because you never know when these exchanges may shut down but that is just me.. If I were Chinese I would want bitusd now. Since I am Greek and EURO is in a mess right now I want also bitusd right now..The only problem is that I kept BTS all the way down so now it just doesn't make sense to sell them for bitusd at these levels..But for new money bitusd or bibtc should be a no brainer now..anyways...

Whether it's ETH USD that gains traction due to better network effect or BTS 2.0 BitUSD/BitAssets they will be very popular as this trend continues.

- Capital controls will start to decrease the amount of foreign currency you can own.

- Regards keeping money on OKcoin - http://www.coindesk.com/45-percent-of-bitcoin-exchanges-fail-study-finds/

I don't what the actual cost is, but you're probably effectively paying like 50% interest a year to keep a USD balance on OKcoin because of the risk of loss.

mf-tzo · August 14, 2015, 01:26:01 PM

Quote from: btswildpig on August 14, 2015, 10:36:48 AM
Quote from: liondani on August 14, 2015, 10:18:46 AM
Quote from: btswildpig on August 14, 2015, 10:06:17 AM
Quote from: inarizushi on August 14, 2015, 09:02:02 AM
Now 80% of the volume is BitCNY and CNY in BTC38.

May the BTS raise be mainly due to the Yuan devaluation ?

Yuan devaluation is a bad news for BTS since it's volume is in CNY . It means the value that's backing the liquidity is shrinking .

The rise has little to do with Yuan devaluation but more normal market rebounce after a second bottom .

but if you loose trust to CNY maybe you want to buy bitUSD... (or even short it further)

Everybody in China can buy up to 50000 real USD per year .
Also , they can buy BTC and sell it on OKcoin international to get USD balance ....

There are too many ways better than holding BitUSD to save value from Yuan devaluation .

By the way , the percentage of the outrages Yuan devaluation was less than the conversion cost than buying BitUSD ......

I am not familiar how the situation and the political environment is in China. Being Greek I would never trust moneys in a Bank. Bitassets are more secure. Maybe Chinese shouldn't trust holding usd in OKcoin because you never know when these exchanges may shut down but that is just me.. If I were Chinese I would want bitusd now. Since I am Greek and EURO is in a mess right now I want also bitusd right now..The only problem is that I kept BTS all the way down so now it just doesn't make sense to sell them for bitusd at these levels..But for new money bitusd or bibtc should be a no brainer now..anyways...

Empirical1.2 · August 14, 2015, 12:23:40 PM

The nice thing about BTS is the relatively thin sell walls. On genuine, big & popular news, like the 2.0 release, it can really move a lot.

btswildpig · August 14, 2015, 10:36:48 AM

Quote from: liondani on August 14, 2015, 10:18:46 AM
Quote from: btswildpig on August 14, 2015, 10:06:17 AM
Quote from: inarizushi on August 14, 2015, 09:02:02 AM
Now 80% of the volume is BitCNY and CNY in BTC38.

May the BTS raise be mainly due to the Yuan devaluation ?

Yuan devaluation is a bad news for BTS since it's volume is in CNY . It means the value that's backing the liquidity is shrinking .

The rise has little to do with Yuan devaluation but more normal market rebounce after a second bottom .

but if you loose trust to CNY maybe you want to buy bitUSD... (or even short it further)

Everybody in China can buy up to 50000 real USD per year .
Also , they can buy BTC and sell it on OKcoin international to get USD balance ....

There are too many ways better than holding BitUSD to save value from Yuan devaluation .

By the way , the percentage of the outrages Yuan devaluation was less than the conversion cost than buying BitUSD ......

liondani · August 14, 2015, 10:18:46 AM

Quote from: btswildpig on August 14, 2015, 10:06:17 AM
Quote from: inarizushi on August 14, 2015, 09:02:02 AM
Now 80% of the volume is BitCNY and CNY in BTC38.

May the BTS raise be mainly due to the Yuan devaluation ?

Yuan devaluation is a bad news for BTS since it's volume is in CNY . It means the value that's backing the liquidity is shrinking .

The rise has little to do with Yuan devaluation but more normal market rebounce after a second bottom .

but if you loose trust to CNY maybe you want to buy bitUSD... (or even short it further)

btswildpig · August 14, 2015, 10:06:17 AM

Quote from: inarizushi on August 14, 2015, 09:02:02 AM
Now 80% of the volume is BitCNY and CNY in BTC38.

May the BTS raise be mainly due to the Yuan devaluation ?

Yuan devaluation is a bad news for BTS since it's volume is in CNY . It means the value that's backing the liquidity is shrinking .

The rise has little to do with Yuan devaluation but more normal market rebounce after a second bottom .

liondani · August 14, 2015, 09:31:45 AM

I expect profitable ethereum investors to come over there "slowly"...

inarizushi · August 14, 2015, 09:02:02 AM

Now 80% of the volume is BitCNY and CNY in BTC38.

May the BTS raise be mainly due to the Yuan devaluation ?

Ander · August 13, 2015, 11:36:06 PM

BTS doing well so far, rising at a reasonable pace.

All the hype in on ethereum right now of course, But its nice that we are managing to rise right now. Almost every coin I look at is being dumped to buy more ETH, but we are up.

Right now BTS is the only coin on btc38 that is in the green.

Ander · August 12, 2015, 09:06:14 PM

Up a bit so far.

"The Market - reacting the opposite way you expect to news...since 1602".

infovortice2013 · August 12, 2015, 08:55:28 PM

Ander · August 12, 2015, 08:02:10 PM

Also, never underestimate the ability of the market to ignore news and just do what it wants instead. The chart now says that the direction of highest probability is up.

Ander · August 12, 2015, 08:00:33 PM

Quote from: lil_jay890 on August 12, 2015, 07:10:15 PM
After lack lust announcement... Please resume your regular scheduled selling.

Thank You

I want to see the ironic event of an announcement that some people dont like due to the anti-privacy, resulting in a rise, when the previous announcements that got them excited resulted in nothing happening.

None of the previous announcements involved a sharedrop.

lil_jay890 · August 12, 2015, 07:10:15 PM

After lack lust announcement... Please resume your regular scheduled selling.

Thank You

Ander · August 12, 2015, 06:05:08 PM

Quote from: Winner, Winner, Chicken Dinner! on August 12, 2015, 03:14:08 PM
I saw a whale on Bter last night, he made an appearance for a few minutes at 1900...fasten your seat belts the OP might be right for a change! :)

Its funny that it now only takes 700k buy to be a whale on bter. That whale needs to remove his BTS as soon as possible.