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Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 16463. (Read 26710372 times)

legendary
Activity: 3431
Merit: 1233
China is selling again, another gap around $500 behind western exchanges  Undecided



I'd just like to point out what should be an obvious fact:

You don't have to actually be Chinese to trade on a Chinese exchange.

Chinese mining cartel is supporting BCH. Nobody outside China in their right mind will trade anything on Chinese exchanges!
full member
Activity: 188
Merit: 110
Guys,

Does anyone have any idea why it is falling without parachute?
hero member
Activity: 1011
Merit: 721
Decentralize everything
legendary
Activity: 3122
Merit: 1538
yes
It is just exchanges closing, not Bitcoin 'closing'.
legendary
Activity: 2744
Merit: 13618
BTC + Crossfit, living life.
Just retesting of support, we're good as long as the price doesn't drop below $4300 or so

so we are fucked now  Cool  Cool
legendary
Activity: 2604
Merit: 1748
OK, Yep, it is China.

We will bounce back - but it does look like another weekend stressing over the charts!
member
Activity: 98
Merit: 10
China is selling again, another gap around $500 behind western exchanges  Undecided



I'd just like to point out what should be an obvious fact:

You don't have to actually be Chinese to trade on a Chinese exchange.
legendary
Activity: 2338
Merit: 1035
So is this a 1 day dip or do you think it will continue?

What are the chances that the exchanges just will be closed temporarily?
hero member
Activity: 1011
Merit: 721
Decentralize everything
legendary
Activity: 1526
Merit: 1012
Just retesting of support, we're good as long as the price doesn't drop below $4300 or so
legendary
Activity: 1473
Merit: 1086


lol, china again.  Roll Eyes
hero member
Activity: 703
Merit: 502
I can't link it here but BoAML have put out a research piece this morning that suggests Bitcoin is overvalued and that while it has potential it faces headwinds that are very significant. Talks a lot about the transaction volumes issue and ultimately ends up with a value to the chain of about $28.5bn or approx $1750 a coin.

Same paper also talks about some altcoins Generally in a positive way

EDIT: Quite clear that bits of the paper are quite old (BTC price reference is $2,350) and there are comments about the 1st August fork that are now factually incorrect.
legendary
Activity: 3620
Merit: 4813
China is selling again, another gap around $500 behind western exchanges  Undecided

hero member
Activity: 605
Merit: 500
I thought crypto was decentralised?! Go figure!
sr. member
Activity: 579
Merit: 267
Whats happening again Why a fucking fall of from €300 ....


This is not nice
legendary
Activity: 2604
Merit: 1748
I think it might have something to do with the dollar - USD was very jittery and lost a lot today, then suddenly rallied.  Which would explain gold taking a hit too.

So maybe it's not 'China' but just 'markets'.  USD weakness is good for BTC (and gold) and the opposite is of course the case, too.
legendary
Activity: 2674
Merit: 3000
Terminated.
Did China ban crypto again?
Of course they did.

http://finance.jrj.com.cn/tech/2017/09/08211823086220.shtml
Quote
Google translate: "A bigger regulatory storm approaching: close to regulators on the 8th told reporters that the bit currency trading platform has become illegal economic activities, money laundering and bankers manipulate the price of loser retail channel, should be banned as soon as possible."
Someone seems to be in strong need of cheap korn.
Ahh...China ban #34. They banned ICOs last week which stopped all ICOs.
Not this bullshit again. I thought we were past the Bitcoin banning phase in China. Roll Eyes

Now is a perfect time to see who's a true hodler and who isn't. Bring it on.
sr. member
Activity: 854
Merit: 307
so where to put an order now  Grin

I sent € funding to Kraken, last weekend, nothing showing in my Balance... . Sigh
hero member
Activity: 574
Merit: 502
waiting to explode
legendary
Activity: 2744
Merit: 13618
BTC + Crossfit, living life.
so where to put an order now  Grin
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