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Topic: Buy Bitcoin before it goes up! This is huge news! Pin! Chinese rushing to buy (Read 6906 times)

legendary
Activity: 1918
Merit: 1018
what happens to the rally?

Maybe it was a bull trap; I don't know how many times we will go down before we can finally go up but we will eventually get there

Already bought 100% BTC when it hit about 450. To the moon!!!

450 to 4500 would be ok Tongue
sr. member
Activity: 952
Merit: 281
newbie
Activity: 31
Merit: 0
what happens to the rally?
hero member
Activity: 672
Merit: 500
http://fuk.io - check it out!
sr. member
Activity: 392
Merit: 250
Already bought 100% BTC when it hit about 450. To the moon!!!
legendary
Activity: 2324
Merit: 1125
No, BTC-e is accepting only offshore yuan (CNH), not domestic yuan (CNY). If you have CNH, you're already past China's exchange controls and don't need Bitcoin.

I don't have time to explain China's exchange control system. Read this.

This system is beyond retarded. I am hesitant to hold EUR or USD, why on Earth would anyone want to hold Yuans? If I lived in China I'd be 99.9% invested at all times and if Bitcoin didn't exist probably use PMs (or USD/EUR) for short term liquidity. Why do the people put up with this crap? Why would anyone?
legendary
Activity: 1918
Merit: 1018
No, we are going to be stuck at $400-$600 range for the next few months or longer. There is NO new development, no new buyers, no new nothing for the next few months or so. Even if there are, they will serve to siphon off the price, not add to it. Bitcoin has a strange habit of turning things around from normal expected outcome. What you expect to happen will not; if you expect price to rise because of something, it will do the opposite. This is bitcoin. It moves in myterious ways.


No New Development? And this will stop Bitcoin to sky-rocket.. how? Can I Guess you come from the bond-market or some bizniz like that? Reading newspapers trying to Catch up on what other People know and New "Development".. you contradict yourself because you are right: this is Bitcoin, it moves in mysterious ways. The mysterious being Logic patterns for speculation - not something not-understandable.

It moves very quickly as well, the Bitcoin environnement of only 8months ago was totally different

No, we are going to be stuck at $400-$600 range for the next few months or longer. There is NO new development, no new buyers, no new nothing for the next few months or so. Even if there are, they will serve to siphon off the price, not add to it. Bitcoin has a strange habit of turning things around from normal expected outcome. What you expect to happen will not; if you expect price to rise because of something, it will do the opposite. This is bitcoin. It moves in myterious ways.

Have you looked at the size of the buys during this run from 350 to 500? There are some pretty large buys in there, like 500-1000 block buys. That is
not really small change.

I can't argue about Bitcoin being unexpected as it sure has fooled the best of us. But to think there is no development (when all the bitcoin 2.0 stuff is being worked on, the sidechain revelation, more businesses accepting it, more and more TV coverage, etc.) is not really honest.

Let's watch the mysterious move,
IAS

It is extremely unlikely that we don't breach 400 or 600 within 4months with the present volatility and action in the market; it feels you don't remember how the price is moving rapidly and surprising uneducated watchers; the price hasn't even stayed in the 400-600 range for a month!
hero member
Activity: 798
Merit: 500
Time is on our side, yes it is!
haha panic buy is right you read my mind..  Things are up in the air and seem to be staying there so I think it's best to get in while the getting is goood.
legendary
Activity: 1022
Merit: 1000
While I agree with jamesc that we may be in a 400 - 600 range the trick is guessing what the impact of the next curve ball is going to be.  We've already had bad news out of US (IRS rules) and China so maybe the next round will be positive.
newbie
Activity: 42
Merit: 0
No, we are going to be stuck at $400-$600 range for the next few months or longer. There is NO new development, no new buyers, no new nothing for the next few months or so. Even if there are, they will serve to siphon off the price, not add to it. Bitcoin has a strange habit of turning things around from normal expected outcome. What you expect to happen will not; if you expect price to rise because of something, it will do the opposite. This is bitcoin. It moves in myterious ways.


No New Development? And this will stop Bitcoin to sky-rocket.. how? Can I Guess you come from the bond-market or some bizniz like that? Reading newspapers trying to Catch up on what other People know and New "Development".. you contradict yourself because you are right: this is Bitcoin, it moves in mysterious ways. The mysterious being Logic patterns for speculation - not something not-understandable.
legendary
Activity: 2114
Merit: 1040
A Great Time to Start Something!
No, we are going to be stuck at $400-$600 range for the next few months or longer. There is NO new development, no new buyers, no new nothing for the next few months or so. Even if there are, they will serve to siphon off the price, not add to it. Bitcoin has a strange habit of turning things around from normal expected outcome. What you expect to happen will not; if you expect price to rise because of something, it will do the opposite. This is bitcoin. It moves in myterious ways.

Have you looked at the size of the buys during this run from 350 to 500? There are some pretty large buys in there, like 500-1000 block buys. That is
not really small change.

I can't argue about Bitcoin being unexpected as it sure has fooled the best of us. But to think there is no development (when all the bitcoin 2.0 stuff is being worked on, the sidechain revelation, more businesses accepting it, more and more TV coverage, etc.) is not really honest.

Let's watch the mysterious move,
IAS

Even close to $600 is a great recovery from $340.
You are correct there is exciting developments all over the place.  Smiley
legendary
Activity: 1442
Merit: 1000
Antifragile
No, we are going to be stuck at $400-$600 range for the next few months or longer. There is NO new development, no new buyers, no new nothing for the next few months or so. Even if there are, they will serve to siphon off the price, not add to it. Bitcoin has a strange habit of turning things around from normal expected outcome. What you expect to happen will not; if you expect price to rise because of something, it will do the opposite. This is bitcoin. It moves in myterious ways.

Have you looked at the size of the buys during this run from 350 to 500? There are some pretty large buys in there, like 500-1000 block buys. That is
not really small change.

I can't argue about Bitcoin being unexpected as it sure has fooled the best of us. But to think there is no development (when all the bitcoin 2.0 stuff is being worked on, the sidechain revelation, more businesses accepting it, more and more TV coverage, etc.) is not really honest.

Let's watch the mysterious move,
IAS
newbie
Activity: 57
Merit: 0
No, we are going to be stuck at $400-$600 range for the next few months or longer. There is NO new development, no new buyers, no new nothing for the next few months or so. Even if there are, they will serve to siphon off the price, not add to it. Bitcoin has a strange habit of turning things around from normal expected outcome. What you expect to happen will not; if you expect price to rise because of something, it will do the opposite. This is bitcoin. It moves in myterious ways.

Very myterious indeed!!!
sr. member
Activity: 448
Merit: 250
No, we are going to be stuck at $400-$600 range for the next few months or longer. There is NO new development, no new buyers, no new nothing for the next few months or so. Even if there are, they will serve to siphon off the price, not add to it. Bitcoin has a strange habit of turning things around from normal expected outcome. What you expect to happen will not; if you expect price to rise because of something, it will do the opposite. This is bitcoin. It moves in myterious ways.
hero member
Activity: 672
Merit: 500
http://fuk.io - check it out!
lets hope BTC price will raise soon!
legendary
Activity: 1918
Merit: 1018
I have a sense that we are gonna be stuck in 400-600 mode for a while yet

Until we are not..

We saw lower than 400 and may see almost 300 soon but I feel everything is set for a rally this summer or in autumn
sr. member
Activity: 406
Merit: 250
legendary
Activity: 2842
Merit: 1511
The price was never really $1200 because it only existed on MtGox. At the time, the price was around $1000 everywhere else. I think the only people buying at those inflated prices on MtGox were people desperate to get their funds off the exchange since fiat was restricted.
It went to the equivalent of $1245 USD in China (CNY/USD as of 30-NOV-13 being ~0.164).
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