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Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 18732. (Read 26720606 times)

hero member
Activity: 703
Merit: 502
Bitcoin Soars Above $700 As Chinese Buying Shows No Signs Of Slowing  Shocked Shocked

http://www.zerohedge.com/news/2016-06-13/bitcoin-soars-above-700-chinese-buying-shows-no-signs-slowing
I still don't get why the Chinese are very involved. Can anyone explain like I'm five?
The Chinese currency has been steadily depreciating since 1/14, but at an increased rate since March. There are few cost effective ways to move money out of CNY and caps on the amounts you can legally exchange. I imagine the Chinese see crypto currency as a means of hedging against further CNY depreciation.
legendary
Activity: 3346
Merit: 1618
#1 VIP Crypto Casino
I'm starting to get nervous now to be honest. I'm sitting on coins wondering when to get out. I don't want to miss the top & end up seeing a big dump.
sr. member
Activity: 1610
Merit: 372
Quote
>pay your CC ON TIME
Yeah, that's what I've been doing. Paying my debts on time. Does that sound like an unusual concept 2 u?
For more than a few people, I'm afraid so.
They couldn't keep airing those Discover card ads if the majority of consumers had a clue.

Also... keep in mind that even though student loan debt and medical bills can no longer be charged off
in bankruptcy court [TYVM Bill and Hillary],
CC debt can be... over and over and over, every 7 years...
legendary
Activity: 1795
Merit: 1208
This is not OK.
Looks like we're going parabolic  Shocked
legendary
Activity: 3066
Merit: 1188

Fresh fiat arriving at exchanges.

SRB's being refuelled.

Exchanges all fully arb'd (except 1 straggler of course).

Hobular and Titstamp within 50c of each other.

sr. member
Activity: 471
Merit: 250
If demand remains a constant...... and supply is halved then...........

But whether this rise is due to the halvening being already priced in?
Everything is always priced in. This is why the market price is what it is.

Can you be more specific about this "everything"? Smiley
sr. member
Activity: 338
Merit: 250
Bitcoin Soars Above $700 As Chinese Buying Shows No Signs Of Slowing  Shocked Shocked

http://www.zerohedge.com/news/2016-06-13/bitcoin-soars-above-700-chinese-buying-shows-no-signs-slowing
I still don't get why the Chinese are very involved. Can anyone explain like I'm five?

1. Chinese people are very many. 1.3 billion people. It's like 4 USA.
2. The growth in China in the last 10 years created many rich people
3. China has very strict capital controls which means that people cannot easily convert their YUANs to other currencies or transfer their money in other countries
4. Chinese can transfer Yuans within China to buy Bitcoin with Chinese exchange.
5. Bitcoin is becoming a fashionable investment instrument in China
legendary
Activity: 1288
Merit: 1087

I still don't get why the Chinese are very involved. Can anyone explain like I'm five?

It's real hard for them to invest abroad so options are very limited. They also love a gamble. They're the world centre of tech manufacturing so its natural that mining's gonna congregate there. There's a ton of money there chasing limited options for stuff to do with it.
sr. member
Activity: 532
Merit: 253
Bitcoin Soars Above $700 As Chinese Buying Shows No Signs Of Slowing  Shocked Shocked

http://www.zerohedge.com/news/2016-06-13/bitcoin-soars-above-700-chinese-buying-shows-no-signs-slowing
I still don't get why the Chinese are very involved. Can anyone explain like I'm five?

the chinese stock exchange is going underground -3.5%
sr. member
Activity: 338
Merit: 250
Bitbulls what do you think will be the top on this pump?

2500 USD for this summer period

But contrary to all previous tops, I don't see a big collapse happening. There will be a significant correction but we will not have a long dead valley anymore.

sr. member
Activity: 504
Merit: 250
Bitcoin Soars Above $700 As Chinese Buying Shows No Signs Of Slowing  Shocked Shocked

http://www.zerohedge.com/news/2016-06-13/bitcoin-soars-above-700-chinese-buying-shows-no-signs-slowing
I still don't get why the Chinese are very involved. Can anyone explain like I'm five?
legendary
Activity: 3620
Merit: 4813
hero member
Activity: 1032
Merit: 502
Bitbulls what do you think will be the top on this pump?
legendary
Activity: 3620
Merit: 4813
If demand remains a constant...... and supply is halved then...........

But whether this rise is due to the halvening being already priced in?
Everything is always priced in. This is why the market price is what it is.

The network has not beeing effected by the halving yet, that will happen in the months past halving day.

This current rise is mainly the Chinees who whants to escape the Yuan to make there wealth secure.
sr. member
Activity: 338
Merit: 250
This is looking like the start of a new bull run.
2500 USD by September.
hero member
Activity: 658
Merit: 503
Bear with me
Was this all the action for now?
sr. member
Activity: 490
Merit: 266
legendary
Activity: 3431
Merit: 1233
If demand remains a constant...... and supply is halved then...........

But whether this rise is due to the halvening being already priced in?
Everything is always priced in. This is why the market price is what it is.
legendary
Activity: 875
Merit: 1362
If demand remains a constant...... and supply is halved then...........

But whether this rise is due to the halvening being already priced in?
legendary
Activity: 1078
Merit: 1441
(plus or minus devilish "manipulationeurs" and their evil evil ways)
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