Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 16457. (Read 26720870 times)

seems like just last week we were all going woopty doo after breaking $1000,
now I think I'm getting too old for this shit....

Impressive $2000+ dump 

To be honest; i dont panic at all, i just buy moar!

China's Bitcoin Exchanges Receive Shutdown Orders and Closure Timeline


https://www.coindesk.com/document-lists-closure-steps-for-chinas-bitcoin-exchanges/?utm_content=bufferd5f92&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer



1. Before 20 September 6pm, exchanges shall come up with a detailed risk-free clearing plan, and send this plan to the office. Exchanges shall deal with their claims and liabilities properly, and insure that investors’ funds and virtual currencies are safe.

2. Before 20 September 6pm, exchanges shall determine a bank account, which will be used for depositing user funds. All other accounts in banks and other non-bank payment service providers shall be canceled and reported to the Business Management Department of People’s Bank of China.

3. Before 15 September midnight, exchanges shall publish closing announcements, and announce a schedule to stop the trading of all virtual currencies. New user registration shall be stopped immediately after the announcement.

4. Shareholders, controllers, executives, and core financial and technical staff of exchanges shall cooperate fully with authorities during the clearing, while staying in Beijing........ (Wait ? what? ermm? I have a , errmm wedding in err Scotland,no sorry I mean Syria , err  must dash !!!! )  On  a serious note I know a family in China- the authorities turned up at their house one day- and took the father- and he was never heard from again! and with ZERO explanation.   

5. Exchanges shall report their developments daily to local authorities before the clearing is completed.

6. Exchanges shall save all user trading and holding data, and send it to local authorities immediately in DVDs.

The document is signed: The office of the Leading Group of Beijing Internet Financial Risks Remediation, Sept. 15, 2017

This is a nightmare.

the community thanks you...

Haven't looked at Ethereum, but man Litecoin is getting creamed. Down over 50%.

Ah well. Glad I cashed out enough to cover supplies and taxes. For the rest I'll just sit back and watch.

Looking crap interesting

You are a winner.

bought the Fucking dip just under 3k.  

I dunno... some term used around here awhile ago ,never figured it out....

hope

stability need holder.
they don't sell until ... a better price = restriction of flux = high volatility.

I like that.

better than the force of banking system to glue "client to your bank account" by enforced law.

doge coin will save us!    weeeee

Whats a sewgitz2X ??  

You guys are too negative. I have seen this with every correction.
We have probably seen the worst already. Buy the fucking dip...

But it looks like the Chinese have exactly 2 weeks to cash out ..

3000$ wall just destroyed. Keep an eye on 16000 yuan level which is around 2700$ then big things may happen there is no powerfull support under 2700$
Next level is below 2000$ and we are so close to 2000$