Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 27540. (Read 26711236 times)

OH God....somewhere a village is missing its idiot.

Welcome to 'ignore'.

Attention Chinese miners:

Whoever sells your coins is very bad at it.  Please hire a professional - you will save a lot of money by selling intelligently.

I like you alright, Jorge. I think that you can be creative and even entertaining, from time to time. I just think that you are a bad influence in this thread, b/c you are misleading people with your seemingly purposeful selectivity in your choice of facts and your sometimes charm... and you have screwed up ideas and perverted motives in your participation in this thread.  Otherwise, you seem to be a o.k. as a person, if you are NOT a bot.   

Yes. Put more precisely: Large unusual number divided by fake volume factor

Do you mean 3-500?

There must be some new FUD out... Otherwise I can't see why traders @ OKCoin would dump 3-5000 coins into that ever expanding bid wall at 3565.

Explanation

Yeah well i don't speak Chinese.

It is the Chinese - not us!

It would be nice if you people could stop dumping mmmkay?

Reasons could be complicated I must admit. It could also be money from litecoin and other altos flowing into bitcoin.

Hmm.., could be possible that the sentiment of remained Chinense capital  is more panic than western, killing the price difference of $10?

 I think it more probabile more flowing in fiat does not.

I'm sure it will be sooner than later. It now seems like every time the market gets a little momentum, China told out some new bad news, or some potential regulation that may or may not ever occur...

It has nothing to do with banking or fresh fiat. It is a bullish sign though. I is always positive when you wake up and China hasn't dumped

Explanation

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I noticed that Huobi's price was usd $10 lower than that of bitstamp, coming to current equavalent, or enen slightly higher.

This tells that the banking system has not cut out. No only so, it might indicate fresh fiat is flowing in. Anyone has different reading?

As far as I know, they still have withdrawals, but not deposits, via bank-to-bank transfers.

Huobi however has a "recharge card" system (it is on their homepage), clients put money into the card somehow and then use the card to deposit CNY.

OKCoin has a few "broker" clients who have large accounts in the exchange, or some special way to move money in.  Ordinary clients send money to the brokers, without involving OKCoin, and get from them "recharge codes" that entitles them to transfer money from the broker's account at OKCoin to their own.

I do not know about other exchanges.

I do not know whether those arrangements are acceptable to the government (PBoC is only one of several agencies concerned about bitcoin and the exchanges).  Several banks and payment processors have posted a standard notice that they will close any account that is used to trade bitcoin, and ask the public to denounce any such thing.  On the other hand, it is possible that the exchanges got some respite, permanent or temporary, with their joint promise (in early May) of cleaning up their act.

In any case it seems that deposits are still possible, although perhaps not as convenient as before.

That is what I understood of the situation until recently, I don't know if there have been recent changes.