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Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 27747. (Read 26711776 times)

sr. member
Activity: 373
Merit: 250
22k wall support @ 10.5 @ LTC
strange

Strange indeed. I thought all the cool kids had turned to the DRK side...
sr. member
Activity: 336
Merit: 250
legendary
Activity: 1470
Merit: 1007
This inspired me to make an article about it. Another day, another conspiracy in the Crypto world.
http://www.usacryptocoins.com/thecryptocurrencytimes/uncategorized/fxbtc-exchange-shuts-down-early-holding-10000-of-customers-funds/
Picking a nit: the Chinese currency is called yuan, the Japanese one is yen.  (Although the words have the same origin, it would be like referring to GBP as "the British peso".)

Or the US Taler :D
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
legendary
Activity: 1260
Merit: 1002
seems we're still right on track tho.



cant wait for june and some action! (and sun and beaches, and bitches  Cheesy )
hero member
Activity: 826
Merit: 501
in defi we trust
^^ I noticed on the chart there was some point where time travel was performed.

Probably even the bots trying to fake some volume where "developed" with 5$ on getafreelancer Smiley
hero member
Activity: 910
Merit: 1003
This inspired me to make an article about it. Another day, another conspiracy in the Crypto world.
http://www.usacryptocoins.com/thecryptocurrencytimes/uncategorized/fxbtc-exchange-shuts-down-early-holding-10000-of-customers-funds/
Picking a nit: the Chinese currency is called yuan, the Japanese one is yen.  (Although the words have the same origin, it would be like referring to GBP as "the British peso".)
hero member
Activity: 728
Merit: 500
^^ I noticed on the chart there was some point where time travel was performed.
legendary
Activity: 1470
Merit: 1007
Huh. This is starting to look somewhat decent. Not what I expected, but, nice.

If we make it to 460, I might even buy back in (coming from 550, so don't come shouting "at a loss").
sr. member
Activity: 546
Merit: 250


Quote
Next big thing

In December, the bitcoin community turned to India as its next great hope after Chinese government statements caused the price to drop from its record high of $1,200. India is an emerging economy with a population of over a billion people, nearly half of whom are unbanked or under-served by banks.

Another hype based on nothing..
I'm pretty sure the exchange will claim millions in volume while having 100 satoshi in it's wallet.

The emerging countries , BRICS , myths about adoptions in Africa...

The only real way for bit coin to grow is being used where people have enough money to spend and business eager to accept it.
And that's the good old Europe and North America.

I was sure that Exchange was fake, but maybe it is real since coindesk.com is reporting about it. I concluded that is was most likely fake because:

1) It uses a $20 (Wordpress or Drupal) template from Themeforest (nothing wrong with that per se)
2) It has no API (nothing wrong with that, but it confirms that they have not made an effort to make a top notch trading platform - It could very well just be a Drupal- or Wordpress-site put together in 8-20 hours or so)
3) It has an impressive PDF about AML policy here: https://btcxindia.com/law_regulation but it turns out to mostly copy/paste of another document (search Google)
4) The graph and market data looks a bit odd  Smiley I took the screenshot  after they launched so obviously they had not tested it before launch. Not very convinced it is a safe place to trade.
5) The content on the social media profiles looked a bit random and it looks like is more copy/paste work across the profiles.
sr. member
Activity: 644
Merit: 250
https://primedao.eth.link/#/
I remember when the candles used to be like this:



And now they're like this:



Sad

Ha!
hero member
Activity: 728
Merit: 500
I remember when the candles used to be like this:



And now they're like this:



Sad
full member
Activity: 212
Merit: 100
I noticed hitbtc.com swinging in average price from constantly below to constantly above the most otgher exchanges.
Does anyone on here have ideas why this is happening?

Who is buying there?

(Speculations are welcome  Wink )
hero member
Activity: 728
Merit: 500
it is pumping time, till the end of the month there will be some epic pumps, and yes quote me on this  Wink
legendary
Activity: 1148
Merit: 1001
things you own end up owning you
it is pumping time, till the end of the month there will be some epic pumps, and yes quote me on this  Wink
hero member
Activity: 703
Merit: 502
It's Thursday, is this just the Bitcoin Investment Trust on its weekly shopping spree?
hero member
Activity: 728
Merit: 500
I'm only perceived as a bear due to the contrast that appears between me and uberturbobulls like rpetelia.
legendary
Activity: 1246
Merit: 1000
Well well well, it would seem that the effect of Chinese events and Chinese trade is in fact proportional to China's volume after all. There have actually been many pieces of bad Chinese news in the past weeks which have failed to result in new lows or sometimes even a reaction at all. Meanwhile the volume of chinese exchanges has dwindled to about 1/3 of what it used to be.  I suppose, barring a complete shutdown of the Chinese exchanges, we will need to see some news on an entirely different subject to continue the downtrend.

That makes sense. Fake or not, Huobi's volume was by far the largest of all the exchanges and most traders/investors will look where the most volume is and make their decisions based on that. So now that their volume is down the Chinese influence on the price went down as well. If the PBOC wants to gain back control of the price they had better find a way to increase the volume on the Chinese exchanges again or they will soon be history. Tongue

Why do you think they give a f** about BTC price?

Well I think they care in the sense that they don't want the Bitcoin phenomenon to become too big in China. By keeping the price down they will keep interest and the hype down as well. Anyway they want to control it, because they want to control everything concerning the Chinese people. Also the timing of PBOC announcements seems a bit suspicious to me looking at the charts, it seems too perfectly timed to me but perhaps that's just a coincidence.
hero member
Activity: 826
Merit: 501
in defi we trust

Now , since we're talking about China , has anybody some links with shops , websites in China dealing with bitcoins?
I've asked about this in December and in February and didn't get that much feedback:).

Are there chinese actually holding bitcoins and not just speculating and trading?


I have no idea and you would be better off asking Chinese members of the forum. Its hard to get a translation on announcements let alone try and work out what they're mainly doing with their BTC.

I asked about a real translation in English in December when the first announce came in and I got nothing
That chinese sub forum is full of people speaking only chinese I guess.
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