25% of Hashing Power is now Publicly Backing BIP100
At least 3 pools are now tagging their coinbase signatures with "BIP100" which combined amounts to about 25% of mining hashing power. This includes f2poolKano pool and Bitclub. It would appear BIP100 has quickly overtaken BIP101 in terms of hashing power support. F2pool previously called BitcoinXT an altcoin and it would appear they are pushing for BIP100's in Bitcoin Core as an alternative. Kano pool made a statement about the switch here. Edit: Looks like there's an article now. Edit2: BTCChina is now also backing BIP100, this brings the total pools backing BIP100 to about 35%, it's now almost inevitable that Antpool and BW will also switch to BIP100. Edit3: Bitfury backs BIP100.
The Chinese understand the long game better than anyone as one of the oldest civilizations and having existed through so many revolutions
The Chinese are interested in a large variety of markets including speculative markets
With the USD tied to the CNY, the Chinese need alternative value storage vehicles to hedge their bets against USD collapse
The Chinese were privy to a much more elaborate dialogue of the news we are only now accepting/realizing and have already done a lot of profit-taking
For every seller, there's a buyer who wants to profit, so the buyer has to realize that the market isn't going to last forever with no new funds coming in and sees an escape route that isn't visible to the naked eye.
All the arbitrage is going to leave BTChina, at least temporarily. The volume will inevitably drop significantly from this event and the price of BTChina will have a diminishing effect on the other exchanges once it's not #1 any more.
Mt Gox & Bitstamp are being scared into lowering their prices. The higher they keep them, the more incentive Chinese investors have to retain their Bitcoins and seek another way out.
If China had banned Bitcoin when the market valued it at a penny, it would have soared in value. China's statement is a testament to the power of Bitcoin, albeit bad in the short-term by causing mass panic and further speaking to the "instability of the currency".
The problem at BTChina is temporary. Either BTChina goes up in smoke and they liquidate their coins into the other markets or they find another payment processor solution.
Current price is $483 at MtGox and the equivalent of $350 in BTChina, these spreads will continue to increase as they have been over the days/hours because MtGox and Bitstamp know the value of Bitcoin despite this market manipulation, this could find MtGox looking at prices around the last high of $266 while China could find itself at $120 USD.
With all the news on Bitcoin, there is enough money lying in wait to purchase it at a variety of points. Is it enough to keep it above $250?
The old idiom should work backwards if it's about bad news: Sell on the rumor, buy on the news, right?
Our worst fears are confirmed, 50% of the market is experiencing a collapse and dragging the rest with it. The MSM will make this big, will talk about the bubble of Bitcoin, its imminent collapse and all their I-Told-You-So's. This is normal. On the counter side, there will be arguments for free markets and the restrictiveness of the Chinese marketplace. If any other country follows China's lead, they look dictatorial.
21 Inc joins other pools and backs BIP100 bringing support well above 51%
21 Inc has joined other pools in tagging support for BIP100. Based on blocktrail stats over the last 24 hours pools supporting BIP100 now make up 54.48% of total hash power. This also confirms that as was suspected this statement which claims majority miner support for BIP101 is not true. KNC makes a statement saying they will also back either BIP100 or BIP101. KNC is now tagging blocks with BIP100. CKPool Solobacks BIP100 as well although they have yet to mine a BIP100 block. Other Pools who have tagged their coinbase sigs with BIP100 include: Bitfury f2pool Kano pool Bitclub BTCChina
I can understand that everyone may be very comfortable with the exchanges we have. I can understand that it may be good to invest in the exchanges we already use. However, if we want to see dogecoin grow...we CAN NOT, EXPECT PEOPLE TO CHANGE OR ADAPT TO US. We need to be very open minded and "fluid". So what I am asking, is that everyone go on Bitcoin and Litecoin and take a look at the exchanges they have. ( you can also look at other coins for suggestions of exchanges). We are missing a lot of exchanges and while yes, we have cryptsy and few others, we are still limited. You want to see the coin grow correct? Then we need to open our availability to more people. This being the Canadian exchanges, Chinese exchanges, etc. We just lost one of our exchanges: Mintpal which helped with a lot of our volume. Like I said, the more we available to people, the faster we can be adopted. This means exchanges, Fiat to Dogecoin, etc. Checkout www.bitcoinwisdom.com to see some of the exchanges that coins have. (These are not all of them of course but some big ones.) Canadian: https://cavirtex.com/home Chinese: https://www.okcoin.com/https://www.btcchina.com/https://www.huobi.com/ European: https://btc-e.com/ We want to be everywhere bitcoin is, and everywhere it isn't. It is the key to our success and future of our coin. Push these exchanges to have us! It will benefit us hugely and especially them! There is no reason why they shouldn't! So send a few emails to their support teams and make them! BTCHINA: [email protected] OKCOIN: https://www.okcoin.com/about/linkUs.do Cavirtex: https://support.cavirtex.com/ TO THE MOON!
Small two wave bitcoin rally started on Chinese exchanges. It has propogated to Bitstamp and Bitfindex (about a $10 advance). IMO the Huobi volume appears to be genuine in this rally.
Bitcoin began a two wave rally on Huobi, OKCoin, and BTChina that a few minutes later propagated to Bitstamp and Bitfindex. The first wave started with heavy volume on Huobi and OKCoin. A whale appears to have made a big buy on OKCoin about 8 to 10 minutes into the first rally resulting in a huge blowoff top. This was immediately followed by about a 6 to 8 minute retrenchment before the second wave started. The second wave ended with a much smaller blow off top on Huobi. The retrenchment leveled off above the first wave low on Huobi and a blow off botton on OkCoin. It remains to be seen if a third wave can be generated. So far it is about a $10 rally.
Bitcoin wurde gestern - punktgenau - mit einen der üblichen "13.00 Uhr Spikes" auf 7,5 k getriggert. Die highs dieses Spikes konnten in den nachfolgenden 24 Stunden nicht durch nachfolgende deutlicher höhere HH´s bestätigt werden. Der weitere Ablauf entspricht dem Muster, dass BTC seit einigen Wochen wiederholt: Auf "Pump" folgen zeitnah Verkäufe, die neue LL generieren. btcchina.com at Press About Us. China's Bitcoin Market Grows in Popularity.Eric Sprott addresses gold prices and gold demand TF Metals Report.Bitcoin price goes over $200 and registers highest peak since last April’s bubble BitCoin Examiner Я скачал с Bitcoin-Qt, то скопировал старый бумажник и перепроверил с -сканирования. Поскольку это была новая установка блокчейн до сих пор обновляют (не окончил по состоянию на этот пост). Я искал мой адрес в blockchain.info и она The problem with bitcoin is there are unlimited amount of coins and if people start using dogecoin as the new coin bitcoin is basically done as there is no limit to reduce total supply of cryptos. There were also a lot of banks in the 1800s wildcat banks that issued their own currency, the only problem the gold did not back up the currency ... Kommentar: Bitcoin Nears $6,000 Test as Selling Pressure Ramps Up Bitcoin slumped to a more than two-month low Tuesday as crypto investors continued to flee the market amid worries the popular crypto could be set for a further tumble. Bitcoin fell 4.40% to $6,473.8 on the Bitfinex exchange, posting a two-month low. Bitcoin's move to a session high of $6,899.0 was met with a wave of selling ...
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