Buying Bitcoins in China

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This topic contains 148 replies, has 18 voices, and was last updated by Charlie Charlie 2 months ago.

Viewing 20 posts - 121 through 140 (of 149 total)
  • Brendan
    Brendan
    Moderator

    So… who doubled their money on Bitcoin!?

    duude.jpg

    #30289
    Charlie
    Charlie
    Keymaster
    Quote:
    My CapitalOne360 account finally funded, so I can finally send in some money to Bitfloor to trade with. At the current rate of decline prices might be pretty attractive by the time the funds are available

    Oh man, tough break. That was the wrong time to sign up on BitFloor. All this BTC exchange trouble is a serious problem. BitFloor Shuts Down Permanently

    Quote:
    So… who doubled their money on Bitcoin!?

    Whoa, prices are continuing to go back up. I haven’t doubled my money, but I’m close. I’m not selling them though, in for the long haul to see what happens.

    #30291
    Brendan
    Brendan
    Moderator
    Quote:
    I haven’t doubled my money, but I’m close. I’m not selling them though

    Sell, wait for the drop, rebuy.

    Repeat.

    #30293
    Brendan
    Brendan
    Moderator

    The BitFloor situation sucks, but at least it looks like investors will see their money come back to them, even if it bites to be losing the gains.

    #30279

    7
    Participant

    Yeah, I’m done with it. Bitfloor fell through & the 1 order I had with Coinbase that was scheduled to fill today was cancelled as “high risk” (my guess is that the price is higher now, so they don’t want to fill my order at the lower price it was locked in at.)

    #30296
    Brendan
    Brendan
    Moderator
    Quote:
    & the 1 order I had with Coinbase that was scheduled to fill today was cancelled as “high risk”

    Oh man that sucks!! Not that I’m surprised, and no doubt had the price dropped further you’d have seen that option traded.

    #30298
    Charlie
    Charlie
    Keymaster

    Bitcoins are getting quite high again, $155 now.

    btc-chart.jpg

    Quote:
    So… who doubled their money on Bitcoin!?

    I have doubled my money now, hooray! Still not selling, of course.

    #30670

    7
    Participant

    The few cents worth I earned browsing sites is up to $.06 now. Woohoo!

    Bitfloor shutdown before I could buy any there, but I didn’t lose any money as the transfer I had initiated just failed to complete and the money went back to my account.

    I complained to CoinBase about them cancelling my order as “high risk” and they apologized, said they whitelisted my account so that it wouldn’t happen again, and then manually reinstated the order at the original price ($99). Then 6hrs later I got another “cancelled due to high risk” email from them. I emailed them again and they apologized again and say they’ve fixed it again, but I still don’t see the order as pending or anything. I don’t have much faith in them ever filling it and am not planning on trying to buy any more since it’s such a PITA.

    BTW saw on Reddit that China was the top downloader of the BTC client on 4/23. http://www.reddit.com/r/Bitcoin/comments/1d0iqv/yesterday_was_possibly_the_first_day_in_history/

    #30671
    Brendan
    Brendan
    Moderator

    Buying bitcoins (let alone trading them across exchanges/currencies) is one of the most frustrating experiences OF MY LIFE!!!!!

    #30695

    7
    Participant

    Just got another email from Coinbase. This one letting me know that my order finally went through so I finally have a bitcoin.

    I briefly considered selling it for a quick profit, but it was such a pain to get that I hate to let it go now.

    #30729
    Brendan
    Brendan
    Moderator
    Quote:
    I briefly considered selling it for a quick profit, but it was such a pain to get that I hate to let it go now.

    So what did you finally pay?

    Keep an eye today ladies and gents, it looks to me like the market is about to take another slide again…

    #30731

    7
    Participant
    Quote:
    So what did you finally pay?

    $99.16

    #30733
    Charlie
    Charlie
    Keymaster

    I just sold an iPad for 3.15 BTC. Feeling pretty futuristic right now.

    Quote:
    Buying bitcoins (let alone trading them across exchanges/currencies) is one of the most frustrating experiences OF MY LIFE!!!!!

    first-world-bitcoins.jpg

    #30775
    Brendan
    Brendan
    Moderator
    Quote:
    I just sold an iPad for 3.15 BTC

    To a U.S. buyer?

    #30777
    Charlie
    Charlie
    Keymaster
    Quote:
    To a U.S. buyer?

    No, to Margus! The transaction took a few seconds and then verification took an hour, first time receiving funds via my Coinbase wallet.

    #30778

    Ty
    Participant

    For anyone interested in gambling your bitcoins:

    sealswithclubs.eu is a great poker site and they even have a freeroll every hour

    http://www.dragons.tl/

    an MMO casino. some of the games take a little bit to get to know but you can win (or lose) lots of money in this game. One day i went from .3btc to 20btc in about 2 hours just playing the benches game (lost it all the next day but that’s gambling for you)

    also it has soldiers that give out free bitmills

    you used to be able to buy BTC in game directly with a credit card but not sure if that feature is still around

    #30781
    Brendan
    Brendan
    Moderator
    Quote:
    No, to Margus!

    Margus likes trading in iPad’s! I traded for his iPad mini just recently.

    I have an ‘as new’ Panasonic 3D Blu-Ray player and a stack of movies I might just be willing to trade for 3 BTC… Any offers!?

    #30792

    Babyblue
    Participant

    Hi All

    The next Bitcoin Meetup will be held on Sunday May 19th at 17:00 at The Spot. This is a FREE event where you will meet other Bitcoin enthusiasts in Chengdu.

    Following the CCTV documentary about Bitcoin 2 weeks ago, Bitcoin is set to have a future in China.

    You have any questions about the technology? You wish to understand how to buy and sell Bicoins in Chengdu? You have questions about the future of Bitcoin? Come and meet with an IT professional from the banking industry. Come and meet other Bitcoiners 🙂

    All welcome.

    Limited seats so please book one asap. Call The Spot: 028-85214040

    The Spot – Burger Bar & Grill
    143 Kehua BeiLu, Blue Caribbean Plaza 2f
    科华北路143号蓝色加勒比广场,2楼
    Tel: 028-85214040

    #31559
    Rick in China
    Rick in China
    Participant

    “Last price:$68.501”

    BUY BUY BUY 😀

    #33667
    Brendan
    Brendan
    Moderator

    “Last price:$68.501″
    BUY BUY BUY

    If I could find a pile of bitcoins to piss on I would. I bought back in heavily this week at an (averaged out) price of $83, and literally each time I’ve executed my buys the price has pipped up for 2-3 minutes before dropping off like a blind man run several steps past a cliff edge. Some ridiculous dumps taking place at every price point. It’s not helping that I’m trading on Bitstamp, which only turns over 1/6 volume of MtGox, so day trading on margin is as painful I’d imagine as having a cactus plant stuck where the sun don’t shine. Well almost anyway.

    I decided to buy in again having spent so much time investigating and discussing the technology and bitcoin itself. I was also expecting the price to jump on MtGox’s reinstatement of $US withdrawals on July 3rd. It did drag the price up for a while, then it seems like the US couldn’t be arsed over July 4th and the whole market took a nap. Between the combination of what must be small to medium holders panicking, and some heavy hitters dropping huge sells (I’ve watched several $100k+ sell orders pass), bitcoin has taken an ass whipping.

    I’m not sure I see it lasting long term the way so many fanatics believe it will after watching it be so manipulated this week. Even if I cast aside the very real world likelihood that any conceivable combination of (US) government agencies, banks, & you name it will throw everything imaginable at the market to remove public trust in the coin, and even if all the merchants on the planet start accepting it as means of payment, how do you take away market manipulation? You can argue that ‘price’ doesn’t matter if it’s to become (chiefly) a means of money transmission, but if I’m a trader accepting coin that nose dives 10% in a day, I’m probably not going to be in business for too long. If it were ‘standardised’ to a set price point (let’s for arguments sake say $1 per bitcoin), with a global transaction rate written in, then it stands up long term. As of now I just don’t see it lasting, even if it is one of the most fascinating phenomenon for any number of (disruptive) reasons.

    If anyone needs me I’ll be sat at my two computer screens shouting obscenities/celebrating upticks/shouting obscenities…

    #33679
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