The current drop does not seem to be China's fault. Apparently it started on BTC-e at 04:05 UTC, with a freak ~2000 BTC dump. Huobi started to react around 04:10, and Bitstamp followed at about 04:25.
What is strange is that the price did not recover after the dump, as it did on several previous freak dumps. Perhaps the previous ones were smaller amounts of BTC that did not find any supporting walls, whereas this one is a significant increase in the supply of coins? Or it was just the trigger that released pent-up market pessimism?
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 27878. (Read 26706663 times)
May 02, 2014, 10:02:01 AM
May 02, 2014, 10:00:49 AM
May 02, 2014, 09:56:13 AM
What's the reason for dip now then?? -_-
Spineless manipulators are trying to make it look like we are heading towards single digits. They shall get testicle cancer for doing so. Hopefully.
I like your style.
May 02, 2014, 09:52:58 AM
price will rise sharply everywhere Jorge
May 02, 2014, 09:45:58 AM
ineed? Is it even (still?) possible to get RMB out of China and convert it to USD?
If not, then there is no point in mirroring huobi.
In my understanding, arbitrage in both directions is still possible in the current situation, as long as arbitragers have a RMB reserve inside the Chinese exchanges or some means of depositing money there. Since the exchange owners could be arbitragers, this will probably be the case until the end. If not, then there is no point in mirroring huobi.
Arbitrage will be cut off (in one direction) if and when Chinese arbitragers, even insiders, are no longer able to withdraw any RMB. In that case, the price will probably rise sharply in China, while dropping somewhat in the West.
May 02, 2014, 09:39:57 AM
What's the reason for dip now then?? -_-
Zoom out your chart to W1, 3D, or 1D scale, and maybe you'll see why a drop is due. I think someone forgot to release the 'news' that was supposed to go with the drop but it's happening anyway because of the trend.I don't think we are going to drop significantly anymore. Your magic graphs don't tell everything, even though bitcoin is highly manipulated. Black wallet, black market, p2p-exchanges will make bitcoin stronger than ever. Maybe they scare some investors but I thing bitcoin can't rely on regulators good will.
May 02, 2014, 09:39:52 AM
Is it not really strange that the next "China deadline" is supposed to be on a saturday?
omfg china just block ports 1-999999999999999999999 and be done with it.
May 02, 2014, 09:39:26 AM
Is it not really strange that the next "China deadline" is supposed to be on a saturday?
Maybe related to this event? --> https://bitcointalksearch.org/topic/2014-05-10-global-bitcoin-summit-2014-in-beijing-from-may-10th-to11th-591978
May 02, 2014, 09:31:04 AM
Is it not really strange that the next "China deadline" is supposed to be on a saturday?
May 02, 2014, 09:11:37 AM
we are ignoring China
Struthio niloticus
Ostrich of the Nile
A voluminous bird claimed
not to exist in China
Source: Wikimedia Commons, gimp
china has been banning bitcoin for 6 months now
when they first did it the price drop a lot.
by the 100th they banned bitcoin price went up
everyone that was gonna sell because china banned bitcoin ( including chinese poeple ) have already sold.
china has been priced out.
your the one with his head in the sand because you refuse to acknowledge your need to own bitcoin.
May 02, 2014, 09:08:48 AM
What's the reason for dip now then?? -_-
Zoom out your chart to W1, 3D, or 1D scale, and maybe you'll see why a drop is due. I think someone forgot to release the 'news' that was supposed to go with the drop but it's happening anyway because of the trend.Lol. I think you are actually right.
You think we have not reached the bottom yet?
May 02, 2014, 09:08:10 AM
we are ignoring China
Struthio niloticus
Ostrich of the Nile
A voluminous bird claimed
not to exist in China
Source: Wikimedia Commons, gimp
May 02, 2014, 09:00:54 AM
May 02, 2014, 08:52:25 AM
2033 - 256 billion new wallets
Does that mean that in 2033 every bitcoin user will own 2.56 billion wallets? Why would he need that? 
It could mean that or it could mean that a population of between 5-10 billion people would have 25-50 wallets per person. As we already know, wallets could be created by organizations or governments or even be attributed to entities that may NOT yet exist (such as a trust that would describe how the bitcoins in the wallet would be distributed upon the triggering of some future event(s)). Personally, as I stated in my previous post, i believe the market would become saturated much before 2033, which would cause considerable slowing down of the growth rate or would cause the model or the growth curve to shift.
I am skeptical but many were also skeptical of Moore's law. If it does happen, I'd be happy for the effect to be named after you.
May 02, 2014, 08:41:31 AM
What's the reason for dip now then?? -_-
Spineless manipulators are trying to make it look like we are heading towards single digits. They shall get testicle cancer for doing so. Hopefully.
May 02, 2014, 08:38:00 AM
What's the reason for dip now then?? -_-
Zoom out your chart to W1, 3D, or 1D scale, and maybe you'll see why a drop is due. I think someone forgot to release the 'news' that was supposed to go with the drop but it's happening anyway because of the trend. May 02, 2014, 08:37:39 AM
Green dildo on huobi failed... ehhe
May 02, 2014, 08:35:30 AM
What's the reason for dip now then?? -_-
Zoom out your chart to W1, 3D, or 1D scale, and maybe you'll see why a drop is due. I think someone forgot to release the 'news' that was supposed to go with the drop but it's happening anyway because of the trend. May 02, 2014, 08:32:21 AM
Best strategy atm is HODL imo, and by HODL I mean HODL your shorts.
Edit:
How funny will it be when atleast half of the long positions on Bitfinex will be closed
Edit:
How funny will it be when atleast half of the long positions on Bitfinex will be closed
May 02, 2014, 08:31:20 AM
What's the reason for dip now then?? -_-
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