Explanation
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 27775. (Read 26710859 times)
May 12, 2014, 06:00:50 AM
May 12, 2014, 05:49:36 AM
Anybody notice that its now Monday in China and the exchange volume is drying up?
I think this is what the future looks like folks.
I think this is what the future looks like folks.
Time for a pump then.
May 12, 2014, 05:45:11 AM
Looking at both sides in the eternal dilemma: if the common sentiment is that we all are waiting for a drop on Chinese news, the drop might not happen at all.
OTOH: there is about one new r/bitcoin subscriber every half hour today, which is not good enough. Also Google Trends index for "bitcoin" is at the lowest in its 90 days and still trending down, with the two biggest countries being Cyprus (I assume because NeoBee fuckup) and Estonia (I assume because of rpietila's purchase in the local newspapers).
I have been hearing this type of logic all the way since $800 - "since everyone is expecting a drop, it won't happen", yet it does. There are forces other than sentiment in the market - like the weight of millions of coins. OTOH: there is about one new r/bitcoin subscriber every half hour today, which is not good enough. Also Google Trends index for "bitcoin" is at the lowest in its 90 days and still trending down, with the two biggest countries being Cyprus (I assume because NeoBee fuckup) and Estonia (I assume because of rpietila's purchase in the local newspapers).
May 12, 2014, 05:39:37 AM
Looking at both sides in the eternal dilemma: if the common sentiment is that we all are waiting for a drop on Chinese news, the drop might not happen at all.
OTOH: there is about one new r/bitcoin subscriber every half hour today, which is not good enough. Also Google Trends index for "bitcoin" is at the lowest in its 90 days and still trending down, with the two biggest countries being Cyprus (I assume because NeoBee fuckup) and Estonia (I assume because of rpietila's purchase in the local newspapers).
OTOH: there is about one new r/bitcoin subscriber every half hour today, which is not good enough. Also Google Trends index for "bitcoin" is at the lowest in its 90 days and still trending down, with the two biggest countries being Cyprus (I assume because NeoBee fuckup) and Estonia (I assume because of rpietila's purchase in the local newspapers).
May 12, 2014, 05:32:14 AM
saying that religion causes wars is like saying chemicals cause cancer. i have yet to see any living thing that did without chemicals, or any conscious mind that did without beliefs which cannot be concluded by evidence and logic alone.
it is difficult to take seriously anyone who attempts to preclude argument by declaring that disagreement is in itself disqualifying evidence - and probably not worth the effort to do so.
it is difficult to take seriously anyone who attempts to preclude argument by declaring that disagreement is in itself disqualifying evidence - and probably not worth the effort to do so.
neat way of putting it
May 12, 2014, 05:29:48 AM
saying that religion causes wars is like saying chemicals cause cancer. i have yet to see any living thing that did without chemicals, or any conscious mind that did without beliefs which cannot be concluded by evidence and logic alone.
it is difficult to take seriously anyone who attempts to preclude argument by declaring that disagreement is in itself disqualifying evidence - and probably not worth the effort to do so.
it is difficult to take seriously anyone who attempts to preclude argument by declaring that disagreement is in itself disqualifying evidence - and probably not worth the effort to do so.
May 12, 2014, 05:20:50 AM
Today Bitpay is coming with a huuuuuge announcement right?
http://tech.sina.com.cn/i/2014-05-12/07139373191.shtml
china has a cooler floating already
Not quite sure what its saying but the part about FXBTC not allowing users to remove coins etc is scary.
The rest of it just seems to be saying the same as we know, especially about leveraged trading.
yeah they went all ELI5 on leverage...I am just saying it seems more like a calming peace.. flat apparently is cool with the PBoC
May 12, 2014, 05:19:34 AM
Today Bitpay is coming with a huuuuuge announcement right?
http://tech.sina.com.cn/i/2014-05-12/07139373191.shtml
china has a cooler floating already
Not quite sure what its saying but the part about FXBTC not allowing users to remove coins etc is scary.
The rest of it just seems to be saying the same as we know, especially about leveraged trading.
May 12, 2014, 05:18:57 AM
Today Bitpay is coming with a huuuuuge announcement right?
Buy the rumors, sell the news.
Unless it is really huge announcement (I doubt it), we should expect a dump instead the opposite.
May 12, 2014, 05:04:20 AM
Today Bitpay is coming with a huuuuuge announcement right?
http://tech.sina.com.cn/i/2014-05-12/07139373191.shtml
china has a cooler floating already
May 12, 2014, 05:01:17 AM
Today Bitpay is coming with a huuuuuge announcement right?
That is something to hope for. The market has dropped $25 since they have announced their big something, but it could be something spectacular
Maybe Amazon or Las Vegas? Vegas because they know that bitcoin holders are degenerate gamblers (and cultists) 
May 12, 2014, 05:00:50 AM
May 12, 2014, 05:00:46 AM
Today Bitpay is coming with a huuuuuge announcement right?
Maybe its as huge as the blockchain.info announcement that got hyped as well lol.
May 12, 2014, 04:53:59 AM
Today Bitpay is coming with a huuuuuge announcement right?
May 12, 2014, 04:48:00 AM
buying seemingly started on both stamp and huobi
I was expecting someone to close the arb gap on them. but this will do.
I was expecting someone to close the arb gap on them. but this will do.
So we're through the December ban , the January one , the April 15 deadline , the may 10th , why do people still watch Huobi?
The lack of buying interest in the west, creates the need to follow the Chinese 0% fee exchanges, with simulated volume. So, everyone could continue to live in their make believe land. thinking that there is demand for bitcoin somewhere.
When Chinese exchanges finally close, then soon there will be a proper drop, because there is no fake dreams to follow any more.
Wait, Chinese exchanges are closing?
The Chinese exchanges have been running on a borrowed time since December, when pboc declared that they don't want to see any business activity in China involving bitcoin. Now they are just gradually toughening the laws to gently root out bitcoin without any major incident. The bitcoin market is foolish and inefficient for believing the Chinese exchange owners, on how they have a really good feeling that everything will be all right. The Chinese exchanges were just trying to act confident to keep their business alive as long as possible and to rake in as much money as possible, before you can't even play legal tricks to keep the business going.
That makes no sens, the pboc have never said anything about stopping exchanges being operational and they can just move offshore if they need.
Plus I always here that Chinese volume numbers are fake so they probably dont hold as many coins as we think.
When Chinese officials have a clear stance against bitcoin business activity, then you can predict that soon the exchanges will stop working in China. This is called common sense, something that the majority of bitcoin speculators lack.
They have chosen a softer method, by enforcing the laws gradually, to avoid public incidents where the exchanges could spin this situation in their favour, by showing themselves as martyrs of freedom and liberty.
Yes, they could go off-shore, but to the Chinese, the many benefits of bitcoin will fade when they need to deal with off-shore transfers. There is a possibility that these off-shore exchanges could be pumped by western players, to simulate demand in new markets, but the smarter western players aren't buying at the moment either. They are waiting if the lobbyists like the Winkelvii and Silbert are able to pull it off and link bitcoin to institutional funding. Because this link is currently the only chance to build real demand that would raise the price, or even just keep the current price.
Yes, the Chinese volume has been fake. But this fake volume has been the only thing to keep the illusion of demand alive. That is the reason why the market is still desperately following Huobi.
May 12, 2014, 04:44:25 AM
buying seemingly started on both stamp and huobi
I was expecting someone to close the arb gap on them. but this will do.
I was expecting someone to close the arb gap on them. but this will do.
So we're through the December ban , the January one , the April 15 deadline , the may 10th , why do people still watch Huobi?
The lack of buying interest in the west, creates the need to follow the Chinese 0% fee exchanges, with simulated volume. So, everyone could continue to live in their make believe land. thinking that there is demand for bitcoin somewhere.
When Chinese exchanges finally close, then soon there will be a proper drop, because there is no fake dreams to follow any more.
Wait, Chinese exchanges are closing?
The Chinese exchanges have been running on a borrowed time since December, when pboc declared that they don't want to see any business activity in China involving bitcoin. Now they are just gradually toughening the laws to gently root out bitcoin without any major incident. The bitcoin market is foolish and inefficient for believing the Chinese exchange owners, on how they have a really good feeling that everything will be all right. The Chinese exchanges were just trying to act confident to keep their business alive as long as possible and to rake in as much money as possible, before you can't even play legal tricks to keep the business going.
That makes no sens, the pboc have never said anything about stopping exchanges being operational and they can just move offshore if they need.
Plus I always here that Chinese volume numbers are fake so they probably dont hold as many coins as we think.
1) You are right, they just need to comply with regulations or pay the fines.
2) I hope the volume is fake. I also believe much of it is fake.
May 12, 2014, 04:40:39 AM
buying seemingly started on both stamp and huobi
I was expecting someone to close the arb gap on them. but this will do.
I was expecting someone to close the arb gap on them. but this will do.
So we're through the December ban , the January one , the April 15 deadline , the may 10th , why do people still watch Huobi?
The lack of buying interest in the west, creates the need to follow the Chinese 0% fee exchanges, with simulated volume. So, everyone could continue to live in their make believe land. thinking that there is demand for bitcoin somewhere.
When Chinese exchanges finally close, then soon there will be a proper drop, because there is no fake dreams to follow any more.
Wait, Chinese exchanges are closing?
You gotta find enough HODLers ready to sell, first. Part of the problem is that the selling volume seems to be drying up.
There are potential sources for new coins to sell, though, and we are all waiting to see whether these materialize.. If new sources of coins to sell materialize we could get coins into the $300s, maybe?
May 12, 2014, 04:34:08 AM
buying seemingly started on both stamp and huobi
I was expecting someone to close the arb gap on them. but this will do.
I was expecting someone to close the arb gap on them. but this will do.
So we're through the December ban , the January one , the April 15 deadline , the may 10th , why do people still watch Huobi?
The lack of buying interest in the west, creates the need to follow the Chinese 0% fee exchanges, with simulated volume. So, everyone could continue to live in their make believe land. thinking that there is demand for bitcoin somewhere.
When Chinese exchanges finally close, then soon there will be a proper drop, because there is no fake dreams to follow any more.
Wait, Chinese exchanges are closing?
The Chinese exchanges have been running on a borrowed time since December, when pboc declared that they don't want to see any business activity in China involving bitcoin. Now they are just gradually toughening the laws to gently root out bitcoin without any major incident. The bitcoin market is foolish and inefficient for believing the Chinese exchange owners, on how they have a really good feeling that everything will be all right. The Chinese exchanges were just trying to act confident to keep their business alive as long as possible and to rake in as much money as possible, before you can't even play legal tricks to keep the business going.
That makes no sens, the pboc have never said anything about stopping exchanges being operational and they can just move offshore if they need.
Plus I always here that Chinese volume numbers are fake so they probably dont hold as many coins as we think.
May 12, 2014, 04:25:10 AM
buying seemingly started on both stamp and huobi
I was expecting someone to close the arb gap on them. but this will do.
I was expecting someone to close the arb gap on them. but this will do.
So we're through the December ban , the January one , the April 15 deadline , the may 10th , why do people still watch Huobi?
The lack of buying interest in the west, creates the need to follow the Chinese 0% fee exchanges, with simulated volume. So, everyone could continue to live in their make believe land. thinking that there is demand for bitcoin somewhere.
When Chinese exchanges finally close, then soon there will be a proper drop, because there is no fake dreams to follow any more.
Wait, Chinese exchanges are closing?
The Chinese exchanges have been running on a borrowed time since December, when pboc declared that they don't want to see any business activity in China involving bitcoin. Now they are just gradually toughening the laws to gently root out bitcoin without any major incident. The bitcoin market is foolish and inefficient for believing the Chinese exchange owners, on how they have a really good feeling that everything will be all right. The Chinese exchanges were just trying to act confident to keep their business alive as long as possible and to rake in as much money as possible, before you can't even play legal tricks to keep the business going.
May 12, 2014, 04:25:03 AM
buying seemingly started on both stamp and huobi
I was expecting someone to close the arb gap on them. but this will do.
I was expecting someone to close the arb gap on them. but this will do.
So we're through the December ban , the January one , the April 15 deadline , the may 10th , why do people still watch Huobi?
The lack of buying interest in the west, creates the need to follow the Chinese 0% fee exchanges, with simulated volume. So, everyone could continue to live in their make believe land. thinking that there is demand for bitcoin somewhere.
When Chinese exchanges finally close, then soon there will be a proper drop, because there is no fake dreams to follow any more.
Wait, Chinese exchanges are closing?
I think it is safe to say that more Chinese exchanges may close down
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