Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 27848. (Read 26709721 times)
May 06, 2014, 04:30:43 AM
Either way though the fact that we really haven't dropped on this news is leading me to question why we should presume that China has so many coins and there are 1000's upon 1000's of investors in China hanging on until the last second.
May 06, 2014, 04:27:13 AM
Looks like all shorts on Huobi will have to be closed, sooner or later.
May the back stabbing begin!
May the back stabbing begin!
Why would only the shorts have to be closed?
In the statement, Leverage trading will cease. shorts will be closed on the 10th if not before.
"Close currency financing financial services implementing rules 1,5 month beginning at 0:00 on the 10th , the fire will stop currency net new financing financing currency after currency to pay off all of the facility or stopping leveraged finance transactions."
Yep. The shorts will close and then they take their money off the market as they can no longer make a profit with it. Less money on the exchanges = lower price eventually. In fact, that big green candle we just saw may have been 90% shorts.
Meanwhile leveraged longs will have to SELL. And then they will take their money off the exchanges too. = lower prices eventually.
May 06, 2014, 04:26:55 AM
Chessnut, do you have any data showing the leverage stats in China? If not how can you presume that the end of leveraged trading and force closing all leverage positions would result in a price rise?
I think you know why that is. 
Something blind hope something something
May 06, 2014, 04:25:55 AM
Chessnut, do you have any data showing the leverage stats in China? If not how can you presume that the end of leveraged trading and force closing all leverage positions would result in a price rise?
I think you know why that is. May 06, 2014, 04:24:39 AM
Chessnut, do you have any data showing the leverage stats in China? If not how can you presume that the end of leveraged trading and force closing all leverage positions would result in a price rise?
May 06, 2014, 04:23:07 AM
Hm so realistically the 10th means nothing kind of like most the dealines before it.
Ah well let the saga of 2014 continue.
Ah well let the saga of 2014 continue.
May 06, 2014, 04:10:58 AM
I think this market has completely lost its mind.
Also has anyone got a link to the 10th being a day something is supposed to be happening? Only thing I can find is about a Bitcoin conference or something.
Also has anyone got a link to the 10th being a day something is supposed to be happening? Only thing I can find is about a Bitcoin conference or something.
10th is supposed to be the deadline for all banks to make a statement, which most already have. It's also when Dan the EW trader predicted something would happen with EW.
May 06, 2014, 04:08:53 AM
I think this market has completely lost its mind.
Also has anyone got a link to the 10th being a day something is supposed to be happening? Only thing I can find is about a Bitcoin conference or something.
Also has anyone got a link to the 10th being a day something is supposed to be happening? Only thing I can find is about a Bitcoin conference or something.
May 06, 2014, 04:07:31 AM
I don't think China gov cares about asic miners - building miners is an actual good being produced, actual jobs being created, technology advancements, and money being pulled into the country with sales - often in fiat. I think what the China gov is mostly concerned with is the rampant daytrading on exchanges.
May 06, 2014, 04:06:46 AM
Looks like all shorts on Huobi will have to be closed, sooner or later.
May the back stabbing begin!
May the back stabbing begin!
Why would only the shorts have to be closed?
In the statement, Leverage trading will cease. shorts will be closed on the 10th if not before.
"Close currency financing financial services implementing rules 1,5 month beginning at 0:00 on the 10th , the fire will stop currency net new financing financing currency after currency to pay off all of the facility or stopping leveraged finance transactions."
And there is no such thing as a leveraged long?
No it's a real thing they do exist.
Do you have any idea of the meaning of the word "leveraged"?
May 06, 2014, 04:05:33 AM
Looks like all shorts on Huobi will have to be closed, sooner or later.
May the back stabbing begin!
May the back stabbing begin!
Why would only the shorts have to be closed?
In the statement, Leverage trading will cease. shorts will be closed on the 10th if not before.
"Close currency financing financial services implementing rules 1,5 month beginning at 0:00 on the 10th , the fire will stop currency net new financing financing currency after currency to pay off all of the facility or stopping leveraged finance transactions."
And there is no such thing as a leveraged long?
No it's a real thing they do exist.
May 06, 2014, 04:03:46 AM
Looks like all shorts on Huobi will have to be closed, sooner or later.
May the back stabbing begin!
May the back stabbing begin!
Why would only the shorts have to be closed?
In the statement, Leverage trading will cease. shorts will be closed on the 10th if not before.
"Close currency financing financial services implementing rules 1,5 month beginning at 0:00 on the 10th , the fire will stop currency net new financing financing currency after currency to pay off all of the facility or stopping leveraged finance transactions."
And there is no such thing as a leveraged long?
May 06, 2014, 04:03:10 AM
Looks like all shorts on Huobi will have to be closed, sooner or later.
May the back stabbing begin!
May the back stabbing begin!
Why would only the shorts have to be closed?
In the statement, Leverage trading will cease. shorts will be closed on the 10th if not before.
"Close currency financing financial services implementing rules 1,5 month beginning at 0:00 on the 10th , the fire will stop currency net new financing financing currency after currency to pay off all of the facility or stopping leveraged finance transactions."
May 06, 2014, 04:00:56 AM
May 06, 2014, 04:00:03 AM
Looks like all shorts on Huobi will have to be closed, sooner or later.
May the back stabbing begin!
May the back stabbing begin!
Why would only the shorts have to be closed?
May 06, 2014, 03:56:40 AM
Looks like all shorts on Huobi will have to be closed, sooner or later.
May the back stabbing begin!
May the back stabbing begin!
May 06, 2014, 03:41:52 AM
haha just woke up, and it bounced from 2550, what a shocker
May 06, 2014, 03:39:07 AM
Dec 5th statement agrees wind..I just dunno how the PBOC sucks at enforcing it so badly.
I mean for the Chinese they have digested the good and the bad.. but I would agree they expect more bad...we'll see how Mother's Day ends up
I mean for the Chinese they have digested the good and the bad.. but I would agree they expect more bad...we'll see how Mother's Day ends up
The chinese businessman in the other thread explains it very well. Basically the PBOC is too big to typical involve itself with something as small as bitcoin (which shows how threatened they are by it). For this reason, because the PBOC communicates with only the top level bank officials, the top level bank officials feel its beneath their pay grade to deal with and it gets passed down and eventually lost, because the people authorized with the responsibility don't want to do it - its embarrassing for them. In it in fact the exact opposite of what many bitcoin enthusiasts imagine - bitcoin is actually TOO SMALL for the banks to want to deal with closing all the accounts.
Here's the article:
http://bitcoinblog.de/2014/04/28/chinese-banks-dont-know-how-to-act-appropriate-cause-bitcoin-is-too-tiny/
Probably clearer to a Chinese person what was defined on Dec 5th.. but that article with the two small argument sounds silly...there is easily enough here to blanket ban...
"Notice" requirement , at this stage , financial institutions and payment institutions are not allowed to Bitcoin price for the product or service , may not be sold or traded bitcoins as a central counterparty shall not be covered with bitcoin -related insurance business or insurance will be included bitcoin range not indirectly provide customers with bitcoins other services, including direct or : to provide customers with Bitcoin registration , trading, clearing and settlement services ; accepts bitcoins or bitcoins as payment and settlement tools ; carry with bitcoins RMB and foreign currency exchange services ; conduct Bitcoin storage , hosting, mortgages and other services ; issue with bitcoin -related financial products ; would bitcoins as trusts, investment funds and other investment targets .
no need for picking or choosing.. I think its highly likely we're just watching gov. manipulation happen with zero fucks given on being obvious or not.
I'm unclear does all this apply to bitcoin manufacturer's? ....in other words you have a company that 'builds' asic devices for sale ....does this also effect them?
pretty sure as ..they pretty much couldn't sell them via alipay and or alibaba is it? yeah and http://www.reuters.com/article/2014/01/08/us-china-bitcoin-idUSBREA070F620140108
I mean.. perhaps they're just sadistic and are killing bitcoin of like young kids might kill insects... one appendage at a time
I will admit I do say fuck you to my sleeping schedule whenever China starts banning and the traders start the p&ds .. and I'm not even long or short.. lol
May 06, 2014, 03:36:49 AM
Dec 5th statement agrees wind..I just dunno how the PBOC sucks at enforcing it so badly.
I mean for the Chinese they have digested the good and the bad.. but I would agree they expect more bad...we'll see how Mother's Day ends up
I mean for the Chinese they have digested the good and the bad.. but I would agree they expect more bad...we'll see how Mother's Day ends up
The chinese businessman in the other thread explains it very well. Basically the PBOC is too big to typical involve itself with something as small as bitcoin (which shows how threatened they are by it). For this reason, because the PBOC communicates with only the top level bank officials, the top level bank officials feel its beneath their pay grade to deal with and it gets passed down and eventually lost, because the people authorized with the responsibility don't want to do it - its embarrassing for them. In it in fact the exact opposite of what many bitcoin enthusiasts imagine - bitcoin is actually TOO SMALL for the banks to want to deal with closing all the accounts.
Here's the article:
http://bitcoinblog.de/2014/04/28/chinese-banks-dont-know-how-to-act-appropriate-cause-bitcoin-is-too-tiny/
Probably clearer to a Chinese person what was defined on Dec 5th.. but that article with the two small argument sounds silly...there is easily enough here to blanket ban...
"Notice" requirement , at this stage , financial institutions and payment institutions are not allowed to Bitcoin price for the product or service , may not be sold or traded bitcoins as a central counterparty shall not be covered with bitcoin -related insurance business or insurance will be included bitcoin range not indirectly provide customers with bitcoins other services, including direct or : to provide customers with Bitcoin registration , trading, clearing and settlement services ; accepts bitcoins or bitcoins as payment and settlement tools ; carry with bitcoins RMB and foreign currency exchange services ; conduct Bitcoin storage , hosting, mortgages and other services ; issue with bitcoin -related financial products ; would bitcoins as trusts, investment funds and other investment targets .
no need for picking or choosing.. I think its highly likely we're just watching gov. manipulation happen with zero fucks given on being obvious or not.
I'm unclear does all this apply to bitcoin manufacturer's? ....in other words you have a company that 'builds' asic devices for sale ....does this also effect them?
May 06, 2014, 03:30:38 AM
Dec 5th statement agrees wind..I just dunno how the PBOC sucks at enforcing it so badly.
I mean for the Chinese they have digested the good and the bad.. but I would agree they expect more bad...we'll see how Mother's Day ends up
I mean for the Chinese they have digested the good and the bad.. but I would agree they expect more bad...we'll see how Mother's Day ends up
The chinese businessman in the other thread explains it very well. Basically the PBOC is too big to typical involve itself with something as small as bitcoin (which shows how threatened they are by it). For this reason, because the PBOC communicates with only the top level bank officials, the top level bank officials feel its beneath their pay grade to deal with and it gets passed down and eventually lost, because the people authorized with the responsibility don't want to do it - its embarrassing for them. In it in fact the exact opposite of what many bitcoin enthusiasts imagine - bitcoin is actually TOO SMALL for the banks to want to deal with closing all the accounts.
Here's the article:
http://bitcoinblog.de/2014/04/28/chinese-banks-dont-know-how-to-act-appropriate-cause-bitcoin-is-too-tiny/
Probably clearer to a Chinese person what was defined on Dec 5th.. but that article with the two small argument sounds silly...there is easily enough here to blanket ban...
"Notice" requirement , at this stage , financial institutions and payment institutions are not allowed to Bitcoin price for the product or service , may not be sold or traded bitcoins as a central counterparty shall not be covered with bitcoin -related insurance business or insurance will be included bitcoin range not indirectly provide customers with bitcoins other services, including direct or : to provide customers with Bitcoin registration , trading, clearing and settlement services ; accepts bitcoins or bitcoins as payment and settlement tools ; carry with bitcoins RMB and foreign currency exchange services ; conduct Bitcoin storage , hosting, mortgages and other services ; issue with bitcoin -related financial products ; would bitcoins as trusts, investment funds and other investment targets .
no need for picking or choosing.. I think its highly likely we're just watching gov. manipulation happen with zero fucks given on being obvious or not.
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