I don't know about that; but I swear that I am not one of yours.

Hey, that would be a brilliant trick! The Chinese exchanges collude to delay their trade and price data by 12 hours, so arbitragers cause the Western exchanges (including Bitfinex) to repeat what they did 12 hours earlier, so they can make a killing by trading futures at Bitfinex...   

Like this, you mean?

Don't give me ideas... 

... who strangely start trading when the day breaks in China, and go to bed when it is late night in China ...

indeed, how could I forget that?

Is it too early to wonder whether NYSE stands for "New York Sausage Emporium"?

Well, they claim to have a real office in SF:
blog.coinbase.com/post/82766793207/weve-moved-to-a-new-office

It has been conjectured that they keep that EarthMail address for security reasons.

EDIT: Very spartan and tidy that office, monastic even, isn't it?

For now, I think I will just increase my holdings by 50%, just because you insist. 

I hope my order does not sweep right through Coinbase's entire order book.

Sites like bitcoinwisdom use the official currency exchange rate, pulled from some public site, to convert CNY to USD.  However, arbitragers must include currency exchange fees and other factors in their computations.  So the ratio of Chinese CNY price over Western USD price is usually different from the official currency exchange rate.

Was it?  If so, I take my post back...

And they were, um, obfuscating when they claimed to be the "first" licensed US exchange.

And they were also, er, obfuscating when they let people to think that client BTC balances are insured.

And, furthermore, they were, ahem, obfuscating when they left the impression that client USD balances are insured by FDIC.

Is that a confirmed fact, or a deduction based on the order book?  If the latter, it does not mean anything: arbitragers pull in orders from all the other exchanges (including those that are not carried by any chart site).  A large buy would also bring in some of the coins that are sitting in off-exchange wallets, or in the traders' accounts but not in the order book.


The empirical observation above accounts for the money that is actually available, ie. that Western traders will pour into the market in response to positive rumors.  Of course it depends on how positive are the rumors.

As for conjectures: with enough money, the price could rise to the moon of Pluto (and, with enough BTC, it could drop to single digits).

The recent "flash-bubble" created by the Coinbase announcement shows that the "West" can lift the price by at least +50 dollars (~250 to ~300) with suitable rumors.

I am assuming that the Chinese did not pay attention to the rumor, as they have not paid attention to other similar news in the past.  I am also assuming that the gentler upward trend that started around 2015-01-15 comes from China,  not from the "West"

I still don't know what caused the mini-bubble that started on 2014-05-20.  If it was created in the West, too, then it would imply that the "West" can pump the price by +200 $/BTC (modulo the possibility that the increment may depend on the starting price level).  

This one too:
https://tradeblock.com/markets/base/xbt-usd

Or a loving father. 

Let me guess: you are Brazilian, you subscribe to Veja and Estadão, you watch 3 hours of Globo news every night, and voted neocon all the way...

Neocon governments, austerity and privatization are things that the banks love and push for.  In the elections last year they swore to remove Dilma after she tried to lower the prime rate.  They fully supported the candidate of that same neocon party, and almost got him elected in spite of him being despised even by his own party.


The humongous debt was created by that same government, at the same time with the austerity measures and privatization.

Is that OK with the SEC?  Telling people that their would-be ETF fund may be worth 10'000% or 100'000% more in the future?