Author

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 16426. (Read 26711016 times)

full member
Activity: 316
Merit: 100
BTCChina at 19K RMB now, which is less than USD3K.  Cry
if BTC hit 3k again!!!!!!!!
hero member
Activity: 569
Merit: 505

I fail to see why this is bad. It is confirmed. They will not trade anymore there. Move on.

This is actually good news! /s

For real Bitcoiners this is awesome. For average joe who bought Bitcoin @ $4000 in the hope of reaching $5000 this ist catastrophical. Who guarantees him, is -insert favorite exchange- isn't following next month?
ImI
legendary
Activity: 1946
Merit: 1019
sr. member
Activity: 511
Merit: 250
Open and Transparent Science Powered By Blockchain

I fail to see why this is bad. It is confirmed. They will not trade anymore there. Move on.

This is actually good news! /s

I don't understand. Why is it good news that BTCC will stop all trading?
legendary
Activity: 1512
Merit: 1012
Floor reached ...

legendary
Activity: 1279
Merit: 1018

Finally. I have seen others mentioning OKcoin and Huobi will stay open. I wonder what the deal is with that or whether it's just more bilge.

Probably want to time their announcement to create most effect and gather up as much cheap btc as possible. They always made a joint announcement previously. Also how come the owner of BTCCs brother knew this was coming a few days ago and they decide to announce the closure today.

Also BTCC said in the tweet that they are closing based on what the chinese gov said on 9/04 which was the ICO ban. Something is amiss and afaik the gov hasnt banned exchanges yet. At least officially
full member
Activity: 417
Merit: 220

The question is, which will tank the most from China shutting ?

 • demand
 • supply

In a "bubble" new money is coming in from everywhere, so freezing one area should have a net negative effect.
ImI
legendary
Activity: 1946
Merit: 1019
full member
Activity: 140
Merit: 100
BTCChina at 19K RMB now, which is less than USD3K.  Cry
legendary
Activity: 952
Merit: 1000
Yeah! I hate ShroomsKit!

I fail to see why this is bad. It is confirmed. They will not trade anymore there. Move on.
legendary
Activity: 3066
Merit: 1188

The question is, which will tank the most from China shutting ?

 • demand
 • supply
legendary
Activity: 2604
Merit: 3056
Welt Am Draht

Finally. I have seen others mentioning OKcoin and Huobi will stay open. I wonder what the deal is with that or whether it's just more bilge.
legendary
Activity: 1551
Merit: 1002
♠ ♥ ♣ ♦ < ♛♚&#
China always have bad news, why is different this time??
legendary
Activity: 2688
Merit: 2470
$120000 in 2024 Confirmed
legendary
Activity: 1279
Merit: 1018
What ever happend to sell on the rumor and buy on the news. The good news though is stamp and others are not following the chinese exchanges prices blindly. Still dropping but not as hard. Hopefully after today we will find the bottom.
Im calling $3134 max
full member
Activity: 417
Merit: 220

It will bottom out in the $2200-$2800 region.

I am looking for the 2900-3300$ region..
legendary
Activity: 2520
Merit: 3038
legendary
Activity: 2520
Merit: 3038
Dump led by china again. News they they have that we dont have or more manipulation ?

NYT and other news sites report that regulator issued "verbal instructions" to exchanges that they have to shut down.

https://www.nytimes.com/aponline/2017/09/14/world/asia/ap-as-china-bitcoin-shutdown.html

For the lazy
Quote
BEIJING — Two Chinese business newspapers say regulators in Shanghai, the country's financial center, have ordered exchanges that trade the cyber currency bitcoin to shut down.

China Business News and 21st Century Economic Report said Thursday regulators gave verbal instructions to operators of platforms to close but gave no other details. That followed a report last week by a business news magazine, Caixin, that regulators had ordered a halt to trading.

The Chinese central bank has not responded to questions about the future of bitcoin in China but last week banned initial offerings of new cyber currencies. Central bank officials have warned that bitcoin trading could be associated with fraud.

China was one of the world's biggest markets for bitcoin but trading volume has declined as regulators tightened controls.
legendary
Activity: 889
Merit: 1013

The correction is looking bootiful on the 1-Week chart.


Yeah, I agree, we're getting comfy in a long term exponential channel, and as long as we stay above around 2800 then we have a great year to look forward to.
legendary
Activity: 1279
Merit: 1018
Dump led by china again. News they they have that we dont have or more manipulation ?
Jump to: