Thread: RIP Bitcoin

Originally Posted by Dillinger

Why do you use both coins.co.th and bx.in.th.
What does the latter do?

coins is a broker that deals only in BTC.

bx is a trading platform that deals in about 20 different cryptos. You're using it as a platform to buy and sell off other people, and not the website/company themselves.

I withdrew 22% of my BTC holdings this morning. Needed to wait til 10am for them to do it. 10am-8pm can withdraw/deposit.


Transferred into BX and as soon as it goes through will double my number of REP coins (currently doing 25.12% for the day) and put the rest into BCH (Bitcoin Cash - currently doing 23.46% for the day)

Missed the BCH gravy train yesterday when FRT and HW would have made around 9% and I only made 3%.


Splitting it with REP because REP has been consistently doing 20%+ per day for a week or so, and BCH has just started in the last 2 days or so, going by their graphs.

Originally Posted by Mr Earl

Roger Ver is a douchebag...and bitcoin cash (BCH) a fraud....

Sounds like a vote of confidence for BCH. All I need now is for Buttfly to call it a Ponzi and my next 'investi=gamble is going into BCH over BTC.

Originally Posted by Luigi

Missed the BCH gravy train yesterday when FRT and HW would have made around 9% and I only made 3%.

Just checked my transaction history, I bought BCH @ 60,000 Baht at 12:36 yesterday. It's worth 72,478 Baht right now, up by over 20%.

Nice

Nice indeed.


Lots looking good today.



Just doubled my REP holdings and bought into BCH.

Tomorrow morning's coffee should hopefully taste extra tasty with the accompanying portfolio check.

Originally Posted by Luigi

I withdrew 22% of my BTC holdings this morning. Needed to wait til 10am for them to do it. 10am-8pm can withdraw/deposit.

How did you transfer it and what % were the fees?

Originally Posted by Farangrakthai

How did you transfer it and what % were the fees?

Sold BTC on coins, which transfer to my Thai bank account.

Transfer THB from my Thai bank account to my BX wallet. Buy the REP and BCH on that.

Both already lost money since I bought in.




Don't know the exact fees. Checked, but didn't make a mental note in %'s.

The OMG I bought 2 days ago at 443thb now 690thb and rising. The LTC was 8,800 I think, now 12,225.


I'll be happy enough with steady rises that average 3% or so on my total portfolio to be honest, if hit 5% some days, great. 3% a day seeing it double in a month.


Think I'm at about 70% in 3 weeks thus far.

Does anybody know what the deals are regarding exchanging CC Tokens for cash deposits into your bank account. Daily/amount restrictions, weekly, monthly etc.

Not what you mean, but coins has a 600,000thb daily withdrawal/deposit limit. BX has no daily or amount limits.

Originally Posted by Luigi

Sold BTC on coins, which transfer to my Thai bank account.

Transfer THB from my Thai bank account to my BX wallet. Buy the REP and BCH on that.

Both already lost money since I bought in.

Don't know the exact fees. Checked, but didn't make a mental note in %'s.

i had a look at bx.in.th (never traded there) and it looks like you can withdraw coin, but can't deposit any.

is that right? have you withdrawn any coin to your wallet?

it's strange that coins.co.th doesn't allow you to withdraw your bitcoins directly. maybe they aren't trading real bitcoins.



normally (other sites) you can move your bitcoin from one exchange to another using the block chain (confirmed in 20 minutes).

example (bitcoin): just push the withdraw button for bitcoin.

push the deposit button on another exchange (get the adddres)

paste the address in the withdraw space.

done and no fee.

That's exactly what you can do.

Wallet to wallet from coins to BX.

Can trade BTC for other crypto then on BX.

Doing cash has less fees and less loss though.

Originally Posted by Luigi

That's exactly what you can do.

from their site and from what you did, you can only "cash out" on coins, right?

Originally Posted by Luigi

Sold BTC on coins, which transfer to my Thai bank account.

Transfer THB from my Thai bank account to my BX wallet.

Originally Posted by redhaze

Well you can't buy any alt coins there for one. But I hear you for bitcoin.

What do you mean by "it has a mix of several bitcoins"?

it's compiling prices from different exchanges and crypto currencies from what I understand, probably to mitigate the wild swings of BTC

here the official website of the index for more info

CF Bitcoin Real Time Index and Spot Price

Originally Posted by jabir

That's good news, part of the recognition process.

they just want to cash in on the hype, once it's gone, they will all delist their ETFs once it falls flat on volume

Originally Posted by Dragonfly

it's compiling prices from different exchanges and crypto currencies from what I understand, probably to mitigate the wild swings of BTC

yep: from different exchanges.

though, only bitcoin.

any one dealing through etoro.. having probs with access.

Originally Posted by Farangrakthai

yep: from different exchanges.

though, only bitcoin.

are they big differences for the same bitcoin from different exchanges ?

most crypto spinoffs are probably too small to be included,

Medians
Bitcoin spot prices have historically varied considerably across trading venues, in
particular in times of high volatility. The use of medians to calculate the weighted
median trade price for each partition (as opposed to averages) greatly reduces the BRR’s
susceptibility to price extremes on one or more Constituent Exchanges.

Volume-Weighting of Medians
Bitcoin trading is driven to some extent by automated algorithms that may execute a
high number of small trades. The use of volume-weighted medians to calculate the
weighted median trade price for each partition (as opposed to simple medians) assures
that the BRR appropriately reflects large trades and that whether an order is executed
in parts or in full has no effect on calculation results.

Originally Posted by Plan B

Sounds like a vote of confidence for BCH. All I need now is for Buttfly to call it a Ponzi and my next 'investi=gamble is going into BCH over BTC.

I think everyone now agrees that's the whole thing is a scam, and should be played along for what it is

have fun

Originally Posted by Farangrakthai

from their site and from what you did, you can only "cash out" on coins, right?

no.

I cash out because it's cheaper than doing wallet to wallet transfer between coins and BX.

Originally Posted by Dragonfly

they just want to cash in on the hype, once it's gone, they will all delist their ETFs once it falls flat on volume

Liquidity doesn't look like its headed down anytime soon. We shall see....