Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 26005.

grappa_barricata

full member

Activity: 154

Merit: 100

playing pasta and eating mandolinos

Quote from: JorgeStolfi on September 02, 2014, 01:50:08 PM

I mean the traders at the Chinese exchanges. I suppose that they are still mostly Chinese citizens.

You say that one can deposit CNY into them through Coinbase? Directly, or indirectly (Coinbase deposits at Bitstamp and arbitragers bring coins from China to sell there)? The latter would generate volume at Bitstamp, which I don't see happening. Or do you mean the international branches of Huobi and OKCoin?

I guess the best way is to transfer bitcoin to your Huobi account, for example, and then trade there.

ChartBuddy

legendary

Activity: 2380

Merit: 1823

1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

Explanation

JorgeStolfi

hero member

Activity: 910

Merit: 1003

Quote from: Chuckee on September 02, 2014, 11:59:55 AM

Isn't GABI supposed to be investing billions of dollars into bitcoin right now?

Does anyone know whether the Jersey regulations require that full status reports and/or independent audits of investment funds to be published periodically? Or will those reports be available only to investors?

JorgeStolfi

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Activity: 910

Merit: 1003

Quote from: Walsoraj on September 02, 2014, 12:28:09 PM

Jorge, when you refer to "the Chinese," do you mean their exchanges or fiat from Chinese traders, or both? I suspect any new fiat entering Chinese exchanges is from Coinbase. If that is the case, then the US is sustaining the price. Party ends when Coinbase runs out of options.

I mean the traders at the Chinese exchanges. I suppose that they are still mostly Chinese citizens.

You say that one can deposit CNY into them through Coinbase? Directly, or indirectly (Coinbase deposits at Bitstamp and arbitragers bring coins from China to sell there)? The latter would generate volume at Bitstamp, which I don't see happening. Or do you mean the international branches of Huobi and OKCoin?

If Coinbase is using the Chinese exchanges, when whould they have started?

JimboToronto

legendary

Activity: 4200

Merit: 4887

You're never too old to think young.

Quote from: Torque on September 02, 2014, 11:58:21 AM

Let's make a new rule in this thread. Let's don't cheer and bring out rocket/moon photos ever time the price rises $5-10. Mmmkay?

Of course that means no Teddy Bear Picnicking every time it drops $5-10. It's a 2-way street.

It's amazing how many people over-respond to small changes. When the price dipped recently from $505 to $485 some people were actually using the word "crash". LOL

grappa_barricata

full member

Activity: 154

Merit: 100

playing pasta and eating mandolinos

ChancellorOnABrink

newbie

Activity: 56

Merit: 0

Quote from: magicmexican on September 02, 2014, 12:55:17 PM

Probably small trap forming, unless its one of those "soft" bottoms, but its somewhat rare, i expect a big dump to retest 450 and below, the probability is too high.

Bitcoin sub 300€ ?

http://weknowmemes.com/generator/uploads/generated/g1333796051704892415.jpg

ChartBuddy

legendary

Activity: 2380

Merit: 1823

1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

Explanation

JimboToronto

legendary

Activity: 4200

Merit: 4887

You're never too old to think young.

Quote from: Sandia on September 02, 2014, 11:35:49 AM

Sticky post in the Meta forum. It is the lesser of the activity number (2 week periods with a post*14) and post count.

That's what I was going by.

A hundred posts a day won't get you any further ahead than a post every 2 weeks.

magicmexican

hero member

Activity: 812

Merit: 1000

Probably small trap forming, unless its one of those "soft" bottoms, but its somewhat rare, i expect a big dump to retest 450 and below, the probability is too high.

ChancellorOnABrink

newbie

Activity: 56

Merit: 0

See you in 6h for a morning panicbuy

JerryCurlzzz

hero member

Activity: 504

Merit: 500

Quote from: ChancellorOnABrink on September 02, 2014, 12:35:55 PM

True but a sleeping chinese buy more bitcoin than EU awake

om nom nom nom the 2950 wall

Yep they are nom nomming in their sleep it seems! Now we have a mini bidwall at 2950, but not sure how long it will last. Not seeing any crazy panic buying yet.

Edit: so much for that mini bidwall... Cheesy

fonzie

hero member

Activity: 504

Merit: 500

Moderator

Watchin LTC on OKcoin is so much fun, the liquidity over there sure is tempting, their trading platform also looks well designed and usable. I guess it´s not more risky to store coins over there than it is on BTC-E or Bitfinex? Has anyone ever tried it?

ChancellorOnABrink

newbie

Activity: 56

Merit: 0

True but a sleeping chinese buy more bitcoin than EU awake

om nom nom nom the 2950 wall

JerryCurlzzz

hero member

Activity: 504

Merit: 500

Quote from: ChancellorOnABrink on September 02, 2014, 12:24:33 PM

Quote from: JerryCurlzzz on September 02, 2014, 12:15:33 PM

Here we are at this 2940ish level that we were at last night. Can we break it this time? Strange time of day to try to break the resistance (China sleep time Tongue

)...

One official time zone but covering 5 real time zone... must be someone awake there imo

But I'm sure you've noticed how the markets consistently go dead every day around this time for ~ 8 hours or so. Have you not?

Huh

Walsoraj

hero member

Activity: 686

Merit: 500

Ultranode

Quote from: JorgeStolfi on September 02, 2014, 09:28:04 AM

Quote from: oda.krell on September 02, 2014, 08:35:31 AM

Try and find a quote where I call Chinese volume "fake". Should be difficult (or very far into the past, maybe).

Sorry, from the bottom caption that you put in that image I inferred that you thought so.

Just for the record, I do not think that the Chinese are going to drive the price to zero. Quite the opposite, I believe they are the ones still holding the price at the current level. Without them, the price woud certainly be as low as the 350$ of Apr/11; perhaps as low as 150$. But you know that I think that.

Jorge, when you refer to "the Chinese," do you mean their exchanges or fiat from Chinese traders, or both? I suspect any new fiat entering Chinese exchanges is from Coinbase. If that is the case, then the US is sustaining the price. Party ends when Coinbase runs out of options.

ChancellorOnABrink

newbie

Activity: 56

Merit: 0

Quote from: JerryCurlzzz on September 02, 2014, 12:15:33 PM

Here we are at this 2940ish level that we were at last night. Can we break it this time? Strange time of day to try to break the resistance (China sleep time Tongue

)...

One official time zone but covering 5 real time zone... must be someone awake there imo

JerryCurlzzz

hero member

Activity: 504

Merit: 500

Here we are at this 2940ish level that we were at last night. Can we break it this time? Strange time of day to try to break the resistance (China sleep time Tongue

)...

macsga

legendary

Activity: 1484

Merit: 1002

Strange, yet attractive.

Fellows, one is certain with Bitcoin: That no certain prediction is possible. We may CCMF for no apparent reason or we could slide down the slope for no apparent reason as well. People involved are more or less similar to you and me; other times bearish, other times bullish. Don't expect miracles. It will go up or it won't. It could as well play it "dead" for a while.

- If you're in for the trading, there are a TON of other "products" to trade and believe me, you will get A LOT more with A LOT less stress.
- If you're a holder, just sit back and relax. Do other stuff, or troll in here if you like, but don't get frustrated because this won't affect the price whatsoever.
- If you're a paid troll, please PM me, I want to know your payroll per post count, just to see if it's fair for me to quit my day job and join forces with you. Grin

podyx

legendary

Activity: 2338

Merit: 1035

I initially thought we would consolidate here for 20-30 days but now I think we might be moving up

Gonna be getting me one of these bad boys if trend holds

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