The end of the Cryptocurrency Exchange era in China (translation) - Google Doc
"... It’s important to note, this decision is to close all cryptocurrency to fiat currency exchanges, that is, to halt all exchanged based trading of bitcoin for RMB. But it does not halt all bitcoin and fiat trading outside of exchanges. Someone close to the leadership of the IFRG stated: “what is being closed is bitcoin exchanges, not bitcoin itself”. The same person emphasized, “this ban on exchanges and exchange activity won’t affect the development of blockchain technology.”
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 16389. (Read 26576744 times)
September 08, 2017, 02:12:36 PM
September 08, 2017, 01:52:47 PM
Why are we not recovering yet?
Perhaps heading further down?
Perhaps heading further down?
September 08, 2017, 01:28:15 PM
I'm pretty sure they will not ban Bitcoin.
Like always ... (layers of bureaucraty/idiocraty)https://www.youtube.com/watch?v=LIQkuF_I5Xo
September 08, 2017, 01:20:25 PM
so you think no bigger dive for this time ?? just bought few coins like 1 hour before the dip 
It seems to be consolidating for now but another PBoC or other announcement could send it into another panic at any time.
This is certainly not a time to sell but it's probably not a good time to buy either. I'm holding as always but I'm keeping an eye on the price with cash in hand.
September 08, 2017, 01:10:33 PM
It's true this isn't a natural correction but bitcoin was having trouble getting over 4700.
Wouldn't have been surprised to see market go down from there, but not like that
Wouldn't have been surprised to see market go down from there, but not like that
And they told before it had a hard time going to 4000 and yet where is it.
They will always tell stories just for fun but the truth will happen and no one can stop it.
It will go the way it should be and that is up.
It had fall way above what we experiencing now and it still seems natural to me.
September 08, 2017, 01:06:19 PM
Just a little more off the top. I guess. 
September 08, 2017, 12:59:27 PM
September 08, 2017, 12:49:19 PM
It's true this isn't a natural correction but bitcoin was having trouble getting over 4700.
Wouldn't have been surprised to see market go down from there, but not like that
Wouldn't have been surprised to see market go down from there, but not like that
September 08, 2017, 12:44:26 PM
Howard Mark's Oaktree blog on Bitcoin:
https://www.oaktreecapital.com/insights/howard-marks-memos
Scroll down to the Bitcoin section. Sounds like this dinosaur is finally starting to get Bitcoin a little more even though he still won't put money into it.
Although I'm not sure how people still think this billionaire investor is so smart. Consider this statement:
He still doesn't understand that to many, Bitcoin is not an investment. It's not about selling it to future greater fools. Many will buy, hold, and use bitcoin at any price because they consider it superior to fiat. In the future when the market saturates and the price stabilizes much higher, people will still buy and use bitcoin because it is deflationary. Their bitcoin will continue to drift slightly higher in value even after most speculation has subsided, simply because the fiat all around them is still declining in purchasing power towards eventual zero. Their savings (purchasing value) will be protected with bitcoin.
https://www.oaktreecapital.com/insights/howard-marks-memos
Scroll down to the Bitcoin section. Sounds like this dinosaur is finally starting to get Bitcoin a little more even though he still won't put money into it.
Although I'm not sure how people still think this billionaire investor is so smart. Consider this statement:
Quote from: Howard Marks
"Serious investing consists of buying things because the price is attractive relative to intrinsic value. Speculation, on the other hand, occurs when people buy something without any consideration of its underlying value or the appropriateness of its price, solely because they think others will pay more for it in the future."
He still doesn't understand that to many, Bitcoin is not an investment. It's not about selling it to future greater fools. Many will buy, hold, and use bitcoin at any price because they consider it superior to fiat. In the future when the market saturates and the price stabilizes much higher, people will still buy and use bitcoin because it is deflationary. Their bitcoin will continue to drift slightly higher in value even after most speculation has subsided, simply because the fiat all around them is still declining in purchasing power towards eventual zero. Their savings (purchasing value) will be protected with bitcoin.
September 08, 2017, 12:37:33 PM
What did i miss? From $4650 to $4300? That was real quick for a nap time. I dont see a news why that happen?
But everyone likes dip right?
But everyone likes dip right?
Possible China ban on bitcoin... would make sense after ICOs ban. They know there's a lot of money in it and want to regulate it. Expect much less than 4300 during the weekend. The news hasn't spread yet.
WRONG! Now you're making some shit up here! I'm pretty sure they will not ban Bitcoin. This wasn't even mentioned.
Closing an exchange due to ICOs being traded on those, if it will happen is not cleared so far, is NOT banning Bitcoin!!!
September 08, 2017, 12:34:01 PM
It is just time for a deeper correction, nothing more.
No that wasn't a natural correction. Definitely some fabricated, and probably partially misrepresented news article by some chinese newspaper.
Looks like these guys do not got enough coins 2 days ago. " Let's repeat it again, market will react impulsive as usual!"
September 08, 2017, 12:25:31 PM
The lead developers of bitcoin cash calls even calls himself "benevolent dictator".
Amaury SECHET
Bitcoin ABC Benevolent Dictator
https://www.linkedin.com/in/deadalnix
Amaury SECHET
Bitcoin ABC Benevolent Dictator
https://www.linkedin.com/in/deadalnix
Wouldn't believe it, if you haven't posted a link. This is embarrassing.
September 08, 2017, 12:21:01 PM
What did i miss? From $4650 to $4300? That was real quick for a nap time. I dont see a news why that happen?
Pre-dumping for the weekend pump.
so we will be up in no time
September 08, 2017, 12:17:30 PM
What did i miss? From $4650 to $4300? That was real quick for a nap time. I dont see a news why that happen?
Pre-dumping for the weekend pump.
September 08, 2017, 12:14:28 PM
What did i miss? From $4650 to $4300? That was real quick for a nap time. I dont see a news why that happen?
But everyone likes dip right?
But everyone likes dip right?
Possible China ban on bitcoin... would make sense after ICOs ban. They know there's a lot of money in it and want to regulate it. Expect much less than 4300 during the weekend. The news hasn't spread yet.
September 08, 2017, 12:11:34 PM
What did i miss? From $4650 to $4300? That was real quick for a nap time. I dont see a news why that happen?
But everyone likes dip right?
But everyone likes dip right?
September 08, 2017, 12:08:06 PM
It is just time for a deeper correction, nothing more.
I beg to differ. It had already corrected. I think today's dip can be directly attributed to news of China announcing a clampdown on exchanges.
This is a similar situation to last January when the natural correction after breaking $1k was immediately followed by The PBoC announcing an investigation of the exchanges, causing a panic. After a short recovery, the PBoc started visiting the exchanges and then froze btc withdrawals causing another panic.
This time the natural correction after passing $5k was immediately followed by the PBoC outlawing ICOs, causing a panic. After a short recovery, the news of yet another Chinese action against the exchanges caused another panic.
We all know what happened to the price after January's panic subsided. Didn't we learn that China's importance in Bitcoin was over-rated?
This too will pass.
so you think no bigger dive for this time ?? just bought few coins like 1 hour before the dip
September 08, 2017, 11:49:20 AM
It is just time for a deeper correction, nothing more.
I beg to differ. It had already corrected. I think today's dip can be directly attributed to news of China announcing a clampdown on exchanges.
This is a similar situation to last January when the natural correction after breaking $1k was immediately followed by The PBoC announcing an investigation of the exchanges, causing a panic. After a short recovery, the PBoc started visiting the exchanges and then froze btc withdrawals causing another panic.
This time the natural correction after passing $5k was immediately followed by the PBoC outlawing ICOs, causing a panic. After a short recovery, the news of yet another Chinese action against the exchanges caused another panic.
We all know what happened to the price after January's panic subsided. Didn't we learn that China's importance in Bitcoin was over-rated?
This too will pass.
September 08, 2017, 11:43:54 AM
It's confirmed, just watch the 5 min chart, the next red candle is on the way...
I am shorting btc.
gl guys
I am shorting btc.
gl guys
Up it is.
Getting ready to be trolled
September 08, 2017, 11:29:10 AM
It's confirmed, just watch the 5 min chart, the next red candle is on the way...
I am shorting btc.
gl guys
I am shorting btc.
gl guys
Up it is.
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