Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 27997.

Todorius

full member

Activity: 196

Merit: 100

Quote from: gizmoh on April 30, 2014, 03:12:05 AM

Quote from: ShroomsKit on April 30, 2014, 03:03:57 AM

Quote from: magicmexican on April 30, 2014, 03:01:05 AM

So exchanges are out of options now i thought? There is no way to sidestep it anymore with banks.

Let's hope so. Please let there not be a new funding option.

Please, let there be No new CNY influx to sustain these high prices. Around 4000 btc is mined daily.

These high prices? People said 10$ is much too high. They said the same about 100$.
Actually, when CNY ceases to go into chinese exchanges, something will happen that a lot of people don't expect.
Prices will go up.

gizmoh

legendary

Activity: 1428

Merit: 1000

Quote from: ShroomsKit on April 30, 2014, 03:03:57 AM

Quote from: magicmexican on April 30, 2014, 03:01:05 AM

So exchanges are out of options now i thought? There is no way to sidestep it anymore with banks.

Let's hope so. Please let there not be a new funding option.

Please, let there be No new CNY influx to sustain these high prices. Around 4000 btc is mined daily.

CoinHamster

member

Activity: 101

Merit: 10

฿ ฿ ฿ ฿ ฿

a) 2h, 4h and 6h RSI are on downtrend
b) it will take a few hours to complete the fud / all are informed to panic

=> i predict $400 in the next hours...

ShroomsKit

hero member

Activity: 672

Merit: 500

Quote from: magicmexican on April 30, 2014, 03:01:05 AM

So exchanges are out of options now i thought? There is no way to sidestep it anymore with banks.

Let's hope so. Please let there not be a new funding option.

magicmexican

hero member

Activity: 812

Merit: 1000

So exchanges are out of options now i thought? There is no way to sidestep it anymore with banks.

ChartBuddy

legendary

Activity: 2380

Merit: 1823

1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

Explanation

windjc

legendary

Activity: 2156

Merit: 1070

Quote from: Todorius on April 30, 2014, 02:54:40 AM

Quote from: ShroomsKit on April 30, 2014, 02:33:19 AM

Looks like the "news" is finally kicking in. It's time for the weekly "omgggg total panic because China banned Bitcoin" ritual. Idiots.

The effect of these idiotic "news" matters less and less, you can already see that the dumpage because of those news gets less and less. It's only a matter of time when these so called news don't interest anyone any more. And when China is hopefully completely out of the game soon, it'll be such a massive release that the next rally will begin soon afterwards. Just a little more patience

But I can understand your anger, I'm pissed too. But people are stupid, has been like this for 100.000 years.

Well, in a way I can agree with what you are saying.

But right now, there is a difference between a press release about a bank and a major exchange admitting that they have no more deposit options.

When the later happens we are going to see a major movement in the market place. There is no doubt about that.

ShroomsKit

hero member

Activity: 672

Merit: 500

Quote from: Todorius on April 30, 2014, 02:54:40 AM

Quote from: ShroomsKit on April 30, 2014, 02:33:19 AM

Looks like the "news" is finally kicking in. It's time for the weekly "omgggg total panic because China banned Bitcoin" ritual. Idiots.

The effect of these idiotic "news" matters less and less, you can already see that the dumpage because of those news gets less and less. It's only a matter of time when these so called news don't interest anyone any more. And when China is hopefully completely out of the game soon, it'll be such a massive release that the next rally will begin soon afterwards. Just a little more patience

But I can understand your anger, I'm pissed too. But people are stupid, has been like this for 100.000 years.

Agree.

Todorius

full member

Activity: 196

Merit: 100

Quote from: ShroomsKit on April 30, 2014, 02:33:19 AM

Looks like the "news" is finally kicking in. It's time for the weekly "omgggg total panic because China banned Bitcoin" ritual. Idiots.

The effect of these idiotic "news" matters less and less, you can already see that the dumpage because of those news gets less and less. It's only a matter of time when these so called news don't interest anyone any more. And when China is hopefully completely out of the game soon, it'll be such a massive release that the next rally will begin soon afterwards. Just a little more patience

But I can understand your anger, I'm pissed too. But people are stupid, has been like this for 100.000 years.

greenlion

hero member

Activity: 667

Merit: 500

Bitcoin is actually a total win in China. The point is not necessarily that people need to be able to freely buy with CNY on online exchanges. The reality is that Chinese miners have good access to ASICs, there is an infrastructure in place for in-person trading for cash, and all of that is totally legal and outside the regulatory purview of PBOC. They can still drive up the price without exchanges as we know them, because the intrinsic value proposition for the Chinese people is immense. A Chinese Bitcoin holder has what amounts to a Swiss bank account on steroids, which they can trade offshore for hard currency anytime they want. Merely holding these coins as a store of value exerts upward pressure on the price via the supply schedule.

magicmexican

hero member

Activity: 812

Merit: 1000

Quote from: windjc on April 30, 2014, 02:41:04 AM

Finex with fake buy orders showing up trying to stop the slide down. Or so its seems. Weird if true.

Meanwhile, Houbi with some resistance around 2650. If it breaks we are retesting 2555.

If it will play out just like the last time, then it will be another retest of 2550 and possibly breaking it, then another bulltrap, and then a final dump before the next recovery.

So like now to 2550-2500~, bulltrap to 2700~ and dump to ~2400

windjc

legendary

Activity: 2156

Merit: 1070

Finex with fake buy orders showing up trying to stop the slide down. Or so its seems. Weird if true.

Meanwhile, Houbi with some resistance around 2650. If it breaks we are retesting 2555.

EuroTrash

hero member

Activity: 728

Merit: 500

Quote from: ShroomsKit on April 30, 2014, 02:28:40 AM

These anouncements feel good now. The more banks completely ban it in China the sooner we can close this chapter and move on. The Chinese exchanges are dying and it is completely beyond me why we still follow them.

Makes me think of a rape victim feeling "happy" that the raping is almost over.

ShroomsKit

hero member

Activity: 672

Merit: 500

Looks like the "news" is finally kicking in. It's time for the weekly "omgggg total panic because China banned Bitcoin" ritual. Idiots.

ShroomsKit

hero member

Activity: 672

Merit: 500

These anouncements feel good now. The more banks completely ban it in China the sooner we can close this chapter and move on. The Chinese exchanges are dying and it is completely beyond me why we still follow them.

windjc

legendary

Activity: 2156

Merit: 1070

It looks like another dump in incoming. This red candle is not recovering. Well see...

N12

donator

Activity: 1610

Merit: 1010

Quote from: ShroomsKit on April 30, 2014, 01:50:33 AM

Aha. Looks like there is some fresh China FUD incoming.
http://www.ccb.com/cn/home/personal/new_announce/20140430_1398824403.html

FUD = Facts U Dislike

windjc

legendary

Activity: 2156

Merit: 1070

Quote from: gizmoh on April 30, 2014, 02:11:05 AM

No more Recharge code funding.

http://www.ccb.com/cn/home/personal/new_announce/20140430_1398824403.html

Statement on the Prohibition of the use of my bank account for bitcoin transactions
Published :2014-04-30
To protect the property rights and interests of the public, prevent money laundering risks, from now on, any organization or individual shall be my bank account for bitcoins, currency and other transactions Wright recharge and withdrawals of funds, purchase and sale of recharge codes related transactions and other activities, My bank account may not be transferred by the relevant trading capital. Once found, the bank is entitled to take account transactions related to the suspension, cancellation related accounts and other measures.
Found out that the behavior of the public, may report to my line.
Hereby acknowledged.

China Construction Bank Corporation
April 30, 2014

Does this effect Houbi?

Its hard to keep up with which bank works with which exchange.

I don't think all this is going to hit home until the exchanges come out and say - listen, they is no way to deposit into our exchange unless you bring us cash yourself.

chessnut

legendary

Activity: 924

Merit: 1001

Quote from: magicmexican on April 30, 2014, 01:48:42 AM

There is a new pattern with these sudden dumps and a recovery that started yesterday i think

yeah, and this one seems over already. I dont think this is new news anyway. wreckless panic.

gizmoh

legendary

Activity: 1428

Merit: 1000

No more Recharge code funding.

http://www.ccb.com/cn/home/personal/new_announce/20140430_1398824403.html

Statement on the Prohibition of the use of my bank account for bitcoin transactions
Published :2014-04-30
To protect the property rights and interests of the public, prevent money laundering risks, from now on, any organization or individual shall be my bank account for bitcoins, currency and other transactions Wright recharge and withdrawals of funds, purchase and sale of recharge codes related transactions and other activities, My bank account may not be transferred by the relevant trading capital. Once found, the bank is entitled to take account transactions related to the suspension, cancellation related accounts and other measures.
Found out that the behavior of the public, may report to my line.
Hereby acknowledged.

China Construction Bank Corporation
April 30, 2014

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