I am long. Just wanted to say it. It is easy to be a trader when you have a crystal ball that works.
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 21086. (Read 26710536 times)
August 11, 2015, 08:52:12 AM
August 11, 2015, 08:47:45 AM
is crypto done??
Wow, he's starting to change it up a little.
August 11, 2015, 08:38:49 AM
Silence for 5 hours straight. Interesting. Where's everybody? Nobody trading this time of the day? 
is crypto done??
August 11, 2015, 08:28:44 AM
I don't think August is going to be a very exciting month - expect the longer term measures of stability to get even higher.
August 11, 2015, 08:11:18 AM
At least Finex's bid wall won't remain frozen for as long as this one. (700 million years
)
August 11, 2015, 08:03:02 AM
August 11, 2015, 07:03:09 AM
August 11, 2015, 06:55:10 AM
Yuan devaluation does nothing. Bitcoin is its own kind 
I wondered about that too. The yuan price of btc should go up, relative to the dollar price of btc.
ts not really being devalued. They are merely changing the rules they use to decide where it trades. Todays rule is to fix based on where it closes in the previous days trade, which is effectively 'unpegging' from the dollar because previously the midpoiint for this trading band was dictated centrally, and not by the market.
The yuan has been, and remains, woefully undervalued against the dollar. If it were allowed to trade freely, it would probably gain as much as 20% on the dollar in a short period of time.
You need to read into the articles to get the truth here. They all headline the \devaluation' but play down this fundamental change to how they value the yuan. Take the guardians coverage http://www.theguardian.com/business/2015/aug/11/china-devalues-yuan-by-2-to-boost-flagging-economy
You need to go to the very end to get this nugget:
Quote
The devaluation may be an attempt to make trading more open and market-based, observers said.
“I don’t think this is a reaction to the weak trade data over the weekend, I think it’s because of the SDR,” said Zhou Hao of Commerzbank in Singapore.
“They need to have a market-based mechanism and they need volatility.”
“I don’t think this is a reaction to the weak trade data over the weekend, I think it’s because of the SDR,” said Zhou Hao of Commerzbank in Singapore.
“They need to have a market-based mechanism and they need volatility.”
August 11, 2015, 06:52:35 AM
Gerald Celente predicting a global stock market crash in 2015:
http://theeconomiccollapseblog.com/archives/gerald-celente-is-predicting-that-a-stock-market-crash-will-happen-by-the-end-of-2015
http://kingworldnews.com/gerald-celente-just-predicted-a-global-stock-market-crash-and-gave-the-exact-time-frame/
http://theeconomiccollapseblog.com/archives/gerald-celente-is-predicting-that-a-stock-market-crash-will-happen-by-the-end-of-2015
http://kingworldnews.com/gerald-celente-just-predicted-a-global-stock-market-crash-and-gave-the-exact-time-frame/
August 11, 2015, 06:05:54 AM
Silence for 5 hours straight. Interesting. Where's everybody?
Don't you know yet? Bitcoin is dead. When leaving turn the lights off 
August 11, 2015, 06:02:54 AM
August 11, 2015, 05:48:59 AM
Yuan devaluation does nothing. Bitcoin is its own kind
I wondered about that too. The yuan price of btc should go up, relative to the dollar price of btc.
It did, check okgox, it has spiked 40 yuans in last few hours. Funny to watch how people consider this as a pump trying to panic buy on western exchanges.
August 11, 2015, 05:21:40 AM
Yuan devaluation does nothing. Bitcoin is its own kind
I wondered about that too. The yuan price of btc should go up, relative to the dollar price of btc.
August 11, 2015, 05:02:59 AM
August 11, 2015, 04:38:53 AM
Yuan devaluation does nothing. Bitcoin is its own kind
August 11, 2015, 04:02:54 AM
August 11, 2015, 03:37:47 AM
Silence for 5 hours straight. Interesting. Where's everybody? Nobody trading this time of the day?
August 11, 2015, 03:31:19 AM
At least Finex's bid wall won't remain frozen for as long as this one. (700 million years
)Wave rock in Hyden, Western Australia for anyone curious.
https://en.wikipedia.org/wiki/Wave_Rock
Just down the road from me... Wonder if there are any other sandgropers that read this thread?
August 11, 2015, 03:02:57 AM
August 11, 2015, 02:02:57 AM
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