Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 17757.

HI-TEC99

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Quote from: Killerpotleaf on February 09, 2017, 07:25:53 PM

what time to you think chinese lawyers get into their offices? like 9 ish?

The same as in the west, somewhere between 8 and 9 in the morning.

https://www.travelchinaguide.com/essential/business-hour.htm

Quote

The working hours of Chinese companies may be from 08:00 to 17:00, 08:30 to 17:30 or 09:00 to 18:00. The official organizations like the government offices usually work from 09:00 to 17:00 with a one-hour siesta, and they do not work on Saturdays and Sundays.

Ted E. Bare

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Quote from: Killerpotleaf on February 09, 2017, 07:25:53 PM

what time to you think chinese lawyers get into their offices? like 9 ish?

Probably when they are done buying up all the cheap coins. Price is increasing at the pace of a Ducati motorcycle.

PoolMinor

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Quote from: becoin on February 09, 2017, 05:20:32 AM

TA is for suckers.

Killerpotleaf

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what time to you think chinese lawyers get into their offices? like 9 ish?

HI-TEC99

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Quote from: ?? on ??

It's 8:00am in Beijing, lets see what happens.

It's $989 on stamp and $988 on finex. The Chinese had a chance to dump before they went to bed. After a night's sleep they might start buying back now they can see it hasn't crashed as far as expected.

Killerpotleaf

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Quote from: sirazimuth on February 09, 2017, 06:30:12 PM

bitcoin market behaving like typical bitcoin market...taint nuthin but a thang
so here's my prediction for this date next year (ill quote this post in a year to see how close i am)

feb 9 of 2018 will be ... $1850 ( fyi...just pulled that # outta my arse from watching price for past 3 years...and i'm a hodler)

i'd say closer to like 7470

sirazimuth

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Quote from: Killerpotleaf on February 09, 2017, 06:31:11 PM

I can feel the rumble of 10,000 bulls running towards market. Shocked

...oh wait, no, that was a fart.

gas pass

Killerpotleaf

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I can feel the rumble of 10,000 bulls running towards market. Shocked

...oh wait, no, that was a fart.

sirazimuth

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bitcoin market behaving like typical bitcoin market...taint nuthin but a thang
so here's my prediction for this date next year (ill quote this post in a year to see how close i am)

feb 9 of 2018 will be ... $1850 ( fyi...just pulled that # outta my arse from watching price for past 3 years...and i'm a hodler)

JimboToronto

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Quote from: JayJuanGee on February 09, 2017, 05:18:02 PM

What is a "reasonable" price for an ATM in your neck of the woods? I know that you posted about this before, but would you consider less than 5% as "reasonable" or some other threshold?

Anything at 5% or less is quite reasonable, especially if is totally anonymous. Even 7% is acceptable for me if it's close and anonymous.

By "ridiculously overpriced" I'm talking about double digits. One 24-hour place wants 13% to buy and 15% to sell. Ridiculous.

Cheap is the 1% offered by Deloitte, but they have a $100 daily limit and require ID. They're also a little off my beaten path. Travel time and expense are a consideration.

JayJuanGee

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Self-Custody is a right. Say no to"Non-custodial"

Quote from: JimboToronto on February 09, 2017, 04:19:14 PM

Quote from: ImI on February 09, 2017, 09:37:41 AM

Next step would obv be to close a small exchange. Then, after several smaller ones, proceed with the bigger ones.

Then go after the miners. Then go after every retailer that accepts BTC.

It seems to me that the PBOC isn't going after Bitcoin. They're simply trying to prevent the outflow of capital from their country.

Yuan can be controlled. As long as the private keys are in China (such as in Chinese exchanges) they can control some bitcoins.

Once the coins are withdrawn to addresses whose private keys are elsewhere, they have no control whatsoever, hence the withdrawal suspension.

If this continues for more than the announced month, it could be extremely bullish. If all those coins are trapped in China, the supply to the rest of the world will be restricted.
____

Glad I bought today, even if I had to try 5 ATMs to do so.

The 2 cheapest ones I use the most were both temporarily sold out, the 3rd one I tried was ridicujlously overpriced, the 4th only had a fraction of a coin and was overpriced.

Finally I found a machine in a waffle shop which was well-stocked, reasonably priced, and doing booming business. It was busy when I arrived and by the time I was done, there were already 2 more people waiting in line.

Where I live, at these prices, demand exceeds supply.

What is a "reasonable" price for an ATM in your neck of the woods? I know that you posted about this before, but would you consider less than 5% as "reasonable" or some other threshold?

swogerino

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Quote from: rokkyroad on February 09, 2017, 03:59:12 PM

That's a very nice ride! Buy bitcoins folks. You can be the next Ducati owner soon.

Ahh.. totally missed that it was a Ducati, Cheesy

Just was blinded by the beauty that it is with being shiny new.
Like all the bitcoins that people are buying up now to bring the price back up. Grin

JayJuanGee

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Quote from: Okurkabinladin on February 09, 2017, 02:43:32 PM

Quote from: droizs on February 09, 2017, 02:36:42 PM

2nd leg down coming?

Eventually, but I doubt it will be tonight with this kind of volume on exchanges. We should have period of consolidation for the next 24-48 hours. Western exchanges have lost 10% and chinese 15% in a single day. Thats plenty for one afternoon and many sceptics are already buying back in.

The trade volume did a definite exponential spike in the past several hours. There were 13k coins dumped on Stamp in 2 hours, and that is a lot of coins to dump in order to achieve a 17% dip that pretty much bounced back into the 10% dip territory...

So yeah there could be some continuation with high volume that is likely going to have to simmer down, even though it could take more than a few days before it actually does simmer down.

Sometimes when a high trade volume price battle begins, it can take several weeks before that battle settles down... and during that time, we may continue to stay in a small price range, but chances become decent that we could also shoot in one direction or another (maybe odds would be a tiny bit more towards down in the short term as long as the trade volume remains up and sustainably up.. but down is surely not a given - especially if the price keeps bouncing back up, even after considerably high number of coins are dumped at once without achieving sustained lower price results).

600watt

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Quote from: JimboToronto on February 09, 2017, 04:19:14 PM

If all those coins are trapped in China, the supply to the rest of the world will be restricted.

i doubt it that PBOC tries to stop capital outflow by means of restricting the movement of coins. i think they are after money laundering.

unfortunately the coins aren´t really trapped. the owners can still sell them and cash out. that is the problem here: it creates selling pressure. imagine you would have coins there and PBOC starts to intervene all the time. what would you do when they do not allow you to move your coins?

a) sit it out and wait and pray that exchange does not get shut down by PBOC
b) sit it out and wait and pray that exchange does not go bankrupt
c) don´t just wait, cash out and play safe.

that is what some (most?) people that have coins there will do.

and on top of this: imagine you have cash sitting on the exchange. would you want to buy coins that you are not allowed to move?

it is not only creating selling pressure, it is also inhibiting buying.

we can at least be thankful that the PBOC was nice enough to implode the mega-exaggerated volume FIRST (january 5th dump) and THEN stopped bitcoin withdrawals. imagine the blood bath if they would have done todays move while volume was mega exaggerated.

JayJuanGee

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Quote from: PoolMinor on February 09, 2017, 02:37:24 PM

Ohhh boo hooo, someone stated weeks ago before the price was up to ~$1050 that it would not go above the January price, and because it was $910 at the time "we" didn't believe that they would know this information without having some sort of PERCENTAGES of probability. And now because it went to $1078 this person was completely wrong because they said ~$1050 and clearly $1078 is NOT ~$1050. And it hasn't dropped by the 25% YET, so they are clearly still wrong!!!

You come off as if you are engaging in a strawman argument. That is you create the argument of your opponent in terms that are easy to strike down, and then you assert: "I win"... Roll Eyes

You really come off as a bit of an insecure goofball that you feel like you need to be right instead of just sharing information with folks in this thread and agreeing to have differing opinions.

Quote from: Killerpotleaf on February 09, 2017, 02:42:32 PM

i saw this coming miles away, problem is i positioned myself accordingly ~3weeks ago Undecided

Exactly Adam.. I am glad that you can admit it. We cannot time the situation exactly, so we gotta hedge a little bit about the timing and not bet too much - even if we have a pretty good idea that the explosion in one direction or another is coming.

rokkyroad

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Quote from: JimboToronto on February 09, 2017, 04:35:39 PM

Quote from: rokkyroad on February 09, 2017, 03:59:12 PM

That's a very nice ride! Buy bitcoins folks. You can be the next Ducati owner soon.

How times have changed. Goat used to show off the Lamborghini sports car he bought with profit bitcoins. Now it's a Ducati motorcycle.

At least they're both high-end machines. Bitcoiners have taste, class, and perhaps an adventuresome spirit. They also like things to be fast-moving.

Right on Jimbo! I like your style. Personally ... I like fast women ... but alas ... they don't like me. Cry

JayJuanGee

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Self-Custody is a right. Say no to"Non-custodial"

Quote from: bitcoinvest on February 09, 2017, 02:09:44 PM

Quote from: JayJuanGee on February 09, 2017, 02:01:06 PM

Quote from: bitcoinvest on February 09, 2017, 01:55:48 PM

Quote from: JayJuanGee on February 09, 2017, 01:48:14 PM

Quote from: bitcoinvest on February 09, 2017, 11:21:04 AM

Quote from: JosNekoKopa on February 09, 2017, 11:17:51 AM

And what are the expectations? should we sell? Or maybe this sensationalist news are used just for making panic as always? I believe BTC will stay in range 900 to 1000$. I think trend is broken.

i believe should sell and buy back about $50 lower or maybe more....

by the way Error 502 on Kraken .... there is nothing more annoying when the party is on the move to be outside of the exchange.....

Good luck with that strategy.

It is usually a safer strategy to buy after a dip rather than to sell during the dip that may or may not continue.... otherwise if you are in doubt, holding is also usually better than selling after there has already been nearly a 10% dip. You may be correct, but the odds seem a bit against such a strategy

it's not a strategy. it was reaction to what happened. i agree with you that it's not safe.
sometimes in life it's good that we do things that we not think too much. we just do it.
that was the same here and the timing was good in my case.
But yes in general i agree with you as i said and hope more people have this strategy for their own safety

What you are doing is called gambling, and yes, sometimes I gamble with 1% or 2% of my holdings, and the remainder I engage in safer strategies. You can also have a different tolerance for your gambling threshold, maybe even 10% or 20% of your holdings could be reasonable for some people.... I personally don't gamble with that much of my holdings... but that is just me.

What i did you can call it what name you like. and i never "play" around with something more than i can afford to loose....
i believe everyone of the early adopters know that already..

More or less we seem to agree, and sure people are going to draw their lines differently in terms of how much they are gambling or engaging in safety.

I doubt that we are talking about different things, but we are drawing our lines at differing points regarding how much of our BTC holdings we may be willing to bet in either direction and whether we consider those bets to be safe or risky and how much we are willing to risk, even within our own perceptions of the probabilities of the situation.

I told you my thinking on the situation and how much I am willing to bet or to play with. i also said how much I can perceive as reasonable (even within my framework). I accept that sometimes folks will go outside of what I consider reasonable, and surely they have every right to do that and to come to those kinds of conclusions for themselves (even though would describe those kinds of behaviors as "overly risky" or "gambling too much.")

JayJuanGee

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Quote from: slap on February 09, 2017, 02:05:41 PM

Quote from: JayJuanGee on February 09, 2017, 01:56:48 PM

Quote from: PoolMinor on February 09, 2017, 12:29:13 PM

Yeah, blame it on a news story that is not on the PBOC's website. Instead of the TA that has been placed before you repeatedly.

It's not over yet..

and I told you so.

I knew you would claim false credit.

The reality of the matter is that the price of the collapse did not go down any lower than when you started calling for the collapse.. (at least so far), so it is too early for you to claim credit because it has not gone below the amount when you started to call for the collapse. Roll Eyes

How ridiculous that you are trying to claim credit... or that you feel a need to claim credit.

I think he did though, take for example the post from February the 3th, and the price at that time... todays low at stamp is around 913, which is definitely lower than that time. I might be wrong on this, but I think it is kind of a good call. Moreover it could be we aint seen the end of this downmove yet.

Yes, you are as ridiculous as him, if you are trying to suggest that he called a downfall, when we know that corrections can happen at any time.

In the past week, we had a gain in BTC price of about 17% (from $920 to $1,075), and then in the past several hours, we had a correction that pretty much spiked so low to take away the whole gain but bounced back that more or less put prices into about the 10% correction territory (from the top point and currently floating in about the $970s as I type).

Sure, the situation is not over yet because there were about 13k BTC dumped on Stamp in about two hours (which a fucking lot of coins to dump), so we don't know for sure which way the price is going to go and whether the lower prices can be sustained or even continued to be pushed back down.

And in the end, so fucking what.. it is all part of market movements that can be anticipated to happen.. He called it about 5% lower than it actually happened, and then tries to claim credit.. .again.. so fucking what.. ?

JimboToronto

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Quote from: rokkyroad on February 09, 2017, 03:59:12 PM

That's a very nice ride! Buy bitcoins folks. You can be the next Ducati owner soon.

How times have changed. Goat used to show off the Lamborghini sports car he bought with profit bitcoins. Now it's a Ducati motorcycle.

At least they're both high-end machines. Bitcoiners have taste, class, and perhaps an adventuresome spirit. They also like things to be fast-moving.

marcus_of_augustus

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Eadem mutata resurgo

Someone's short a lot of bitcoins in china methinks ... I see dead exchanges time again.

.... aaaaaaand they're gone, they're gone.

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 17757. (Read 26608317 times)