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Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 31060. (Read 26718061 times)

hero member
Activity: 601
Merit: 503
fist time i made market sell order...
legendary
Activity: 1680
Merit: 1045
full member
Activity: 140
Merit: 100
Bitcoin - love & hate
3900 and counting down

If we breach 3821, bulls are doomed.

3878! Falling.. 3858
legendary
Activity: 1148
Merit: 1001
things you own end up owning you
3900 and counting down
N12
donator
Activity: 1610
Merit: 1010
We were silly to be so gung how about China in the first place.
Yes, we were.

I predict a massive rise in anti-Chinese sentiment among younger geeks in Europe and North America as this bear market unfolds.
legendary
Activity: 1638
Merit: 1001
₪``Campaign Manager´´₪
If I were chinese I would buy the BTC, withdraw, and then sell OTC, since there won't be any other ways for getting BTC for chinese people in the future.

Who is going to buy your BTC? It's not like they can give you a crappy rate and turn around and sell them on the exchanges, can they? We were silly to be so gung how about China in the first place.
Someone who wants to own assets that can escape capital controls.  A rich chinese guy that thinks about a future abroad.
legendary
Activity: 1904
Merit: 1038
Trusted Bitcoiner
legendary
Activity: 1204
Merit: 1002
RUM AND CARROTS: A PIRATE LIFE FOR ME
If I were chinese I would buy the BTC, withdraw, and then sell OTC, since there won't be any other ways for getting BTC for chinese people in the future.

Who is going to buy your BTC? It's not like they can give you a crappy rate and turn around and sell them on the exchanges, can they? We were silly to be so gung how about China in the first place.
legendary
Activity: 2156
Merit: 1393
You lead and I'll watch you walk away.
Does anyone have a link for the latest news from China? I'm a little groggy from an all night booze up.

Supposidly Chinese government has banned payment processors from working with Bitcoin exchanges. Leading to the "ok situation" where you can buy and sell bitcoins and withdraw your cash, but you can't put more cash back into the system. (Huh?)

http://www.coindesk.com/china-bans-payment-companies-working-bitcoin-exchanges-sources-claim/

Unfortunately, it seems to be shaping up to be true. :-(

Thanks

Shit, and because of the advice of you dumbasses I reserved half. Fuck!

teach you to listen to us

I should have known better. lol

I did it too...

so now we sell into this 20% drop???

F that, lets see how this plays out.

I may as well at this point.
legendary
Activity: 1638
Merit: 1001
₪``Campaign Manager´´₪
If I were chinese I would buy the BTC, withdraw, and then sell OTC, since there won't be any other ways for getting BTC for chinese people in the future.
legendary
Activity: 1204
Merit: 1002
RUM AND CARROTS: A PIRATE LIFE FOR ME
Anybody find it VERY interesting that BTCChina is more resistant to the downtrend and at a fairly higher price than the other exchanges.

Seems like a disconnect to me. If this rally is predicated on China's bitcoin policies, then why are the chinese less bearish right now?

There is a possibility that the Chinese payment processors/banks are no longer willing or able to interface with the exchanges, and thus, CNY could be trapped and ultimately worthless, leading to a complete decoupling of the Chinese exchanges. Endgame would be that all bitcoins are withdrawn and there are no more trades.

It's something I am watching, anyway.
Watching.

Looks like this may be the situation. The bad news looks to be true, and not just rumour.

http://tech.sina.com.cn/it/2013-12-17/01139011174.shtml#483253-tsina-1-18627-1cf60a7c37a7bc296a2ba7aba0120190

The google translation isn't great, but it's obvious there isn't any upside. I think people are going to be thinking about withdrawing BTC (Is there a 10BTC limit?) to send their BTC elsewhere.

Also, there was a big theft reported in the Chinese forums from OKCoin.

Quote from the article: "Bitcoin bleak future in China?" Google Translate is pulling no punches.
hero member
Activity: 658
Merit: 500
Does anyone have a link for the latest news from China? I'm a little groggy from an all night booze up.

Supposidly Chinese government has banned payment processors from working with Bitcoin exchanges. Leading to the "ok situation" where you can buy and sell bitcoins and withdraw your cash, but you can't put more cash back into the system. (Huh?)

http://www.coindesk.com/china-bans-payment-companies-working-bitcoin-exchanges-sources-claim/

Unfortunately, it seems to be shaping up to be true. :-(

Thanks

Shit, and because of the advice of you dumbasses I reserved half. Fuck!

teach you to listen to us

I should have known better. lol

I did it too...

so now we sell into this 20% drop???

F that, lets see how this plays out.

Probably not advisable. Sell into the rebound, then wait for the next leg down Cheesy

Until you realise you sell at the bottom and that rebound keeps going up.....

Easy profit as they say?
legendary
Activity: 1904
Merit: 1038
Trusted Bitcoiner
Anybody find it VERY interesting that BTCChina is more resistant to the downtrend and at a fairly higher price than the other exchanges.

Seems like a disconnect to me. If this rally is predicated on China's bitcoin policies, then why are the chinese less bearish right now?

There is a possibility that the Chinese payment processors/banks are no longer willing or able to interface with the exchanges, and thus, CNY could be trapped and ultimately worthless, leading to a complete decoupling of the Chinese exchanges. Endgame would be that all bitcoins are withdrawn and there are no more trades.

It's something I am watching, anyway.
Watching.

its all hear say atm

but they said they would allow poeple to withdraw but not depist

which is basically saying, its over for BTCCHINA

smells fishy....
N12
donator
Activity: 1610
Merit: 1010
Anybody find it VERY interesting that BTCChina is more resistant to the downtrend and at a fairly higher price than the other exchanges.

Seems like a disconnect to me. If this rally is predicated on China's bitcoin policies, then why are the chinese less bearish right now?

There is a possibility that the Chinese payment processors/banks are no longer willing or able to interface with the exchanges, and thus, CNY could be trapped and ultimately worthless, leading to a complete decoupling of the Chinese exchanges. Endgame would be that all bitcoins are withdrawn and there are no more trades.

It's something I am watching, anyway.
Watching.
legendary
Activity: 1470
Merit: 1007
Does anyone have a link for the latest news from China? I'm a little groggy from an all night booze up.

Supposidly Chinese government has banned payment processors from working with Bitcoin exchanges. Leading to the "ok situation" where you can buy and sell bitcoins and withdraw your cash, but you can't put more cash back into the system. (Huh?)

http://www.coindesk.com/china-bans-payment-companies-working-bitcoin-exchanges-sources-claim/

Unfortunately, it seems to be shaping up to be true. :-(

Thanks

Shit, and because of the advice of you dumbasses I reserved half. Fuck!

teach you to listen to us

I should have known better. lol

I did it too...

so now we sell into this 20% drop???

F that, lets see how this plays out.

Probably not advisable. Sell into the rebound, then wait for the next leg down Cheesy
legendary
Activity: 1148
Merit: 1001
things you own end up owning you
legendary
Activity: 1904
Merit: 1038
Trusted Bitcoiner
Does anyone have a link for the latest news from China? I'm a little groggy from an all night booze up.

Supposidly Chinese government has banned payment processors from working with Bitcoin exchanges. Leading to the "ok situation" where you can buy and sell bitcoins and withdraw your cash, but you can't put more cash back into the system. (Huh?)

http://www.coindesk.com/china-bans-payment-companies-working-bitcoin-exchanges-sources-claim/

Unfortunately, it seems to be shaping up to be true. :-(

Thanks

Shit, and because of the advice of you dumbasses I reserved half. Fuck!

teach you to listen to us

I should have known better. lol

I did it too...

so now we sell into this 20% drop???

F that, lets see how this plays out.
legendary
Activity: 2156
Merit: 1393
You lead and I'll watch you walk away.
How does the Chinese government proclaim to everyone through government videos, the great and amazing Bitcoin, only to outlaw its use a few months later?
I think they like bitcoin as a reserve currency versus the USD, but not as an escape against capital controls.  So they want to make sure they have all the info on people holding them.

Thats right.... thats why they will remove btc from being used as currency (no tax evasion)

Then remove 3rd party payment system.... easier to check/trace identities.


Heck did you guys know in China, registering ISP account requires government ID?

Even using public internet requires government ID....

Of course, fucking and making too many babies requires a government ID.
legendary
Activity: 1638
Merit: 1001
₪``Campaign Manager´´₪
How does the Chinese government proclaim to everyone through government videos, the great and amazing Bitcoin, only to outlaw its use a few months later?
I think they like bitcoin as a reserve currency versus the USD, but not as an escape against capital controls.  So they want to make sure they have all the info on people holding them.
They have told merchants that they are not allowed to price their goods in Bitcoin... nor can people purchase bitcoin through their bank accounts. What then is the point?
Are banks "third party payment companies"?  Or do they just mean stuff like dwolla, paypal, okpay or whatever the equivalent in China is?  
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