This is no longer fear coming from Chinese news.
It's clear that people are dumping trying to push the price lower , like in an inverse ponzi scheme.
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 28030. (Read 26712310 times)
April 25, 2014, 06:18:20 AM
April 25, 2014, 06:16:25 AM
And the idiots on Stamp go oooommmmg total panic because China is dumping now i have to dump as well!!!
You know that ARB exists between exchanges right? Feel free to ignore China, only difference is the people arbitraging then make more money while they equalize the price.
Sure some of it might be arb we we all know people start dumping as soon as someone on Huobi dumps.
Yes, in order to beat ARB-ers to it. A 30,40 dollar gap between stamp and the Chinese cannot be maintained for more than, well, minutes.
Were you also saying ''Those idiots on Stamp/Gox are buying whenever BTC China goes up!'' a few months ago?
No, because i benefit from that.
April 25, 2014, 06:16:21 AM
Well, at least we have some action...
April 25, 2014, 06:16:17 AM
To the mantle
April 25, 2014, 06:15:37 AM
1k dump on Stamp 
April 25, 2014, 06:15:29 AM
So more China fud incoming or was this just dumping to take us down even more?
April 25, 2014, 06:15:03 AM
And the idiots on Stamp go oooommmmg total panic because China is dumping now i have to dump as well!!!
You know that ARB exists between exchanges right? Feel free to ignore China, only difference is the people arbitraging then make more money while they equalize the price.
Sure some of it might be arb we we all know people start dumping as soon as someone on Huobi dumps.
Yes, in order to beat ARB-ers to it. A 30,40 dollar gap between stamp and the Chinese cannot be maintained for more than, well, minutes.
Were you also saying ''Those idiots on Stamp/Gox are buying whenever BTC China goes up!'' a few months ago?
April 25, 2014, 06:13:47 AM
This is crazy. Fucking China! Every fucking time.
April 25, 2014, 06:13:11 AM
Only one thing:
Warren Buffett — 'Be Fearful When Others Are Greedy and Greedy When Others Are Fearful'
Warren Buffett — 'Be Fearful When Others Are Greedy and Greedy When Others Are Fearful'
but wait for the dump to finish first also
April 25, 2014, 06:12:43 AM
450 under pressure, let's see if it holds.
pshhh this is going down for a while yet I feel.
April 25, 2014, 06:10:04 AM
I believe I have gleaned from Jorge's posts that he may be able to help us get into Latin America strong. He can really drum up support at the University, perhaps by pacing around in front of the cafeteria wearing a Bitcoin sandwich board.
I will ask Dilma to appoint me Minister of Bitcoin, and put the BCB (Central Blockchain of Brazil) under my authority.If THAT news does not crash the price to zero, nothing will.
xDDD
..& In other news.. Yea. What. A. Bulltrap. At 505 just like I used to believe in (-being a trap). Until I didn't, at 499. It actually caught me offguard..they pumped it while frontrunning the Caixin news ; They knew.
This means PBoC not only doesn't like 3rd party payment processors as always, & indirectly hates 'recharge cards, ATM's' etc, but especially hates on all direct -AND- indirect bank/BTC relationships. This means an inevitably confirmed full China exit between now & June, time to make $ from buying dips, but dump quickly after, shortsell a lot, for we will be seeing ~$277.
April 25, 2014, 06:09:21 AM
Actually i am kinda surprised that we are not below 400 or even 350 yet. Seems like the exchanges are running out of options, what can they do now except moving to the offshore?
April 25, 2014, 06:09:17 AM
So China dumped like 7k coins in minutes...out of nowhere. Come on...
No, displayed volume is 7k coins
April 25, 2014, 06:07:48 AM
So China dumped like 7k coins in minutes...out of nowhere. Come on...
April 25, 2014, 06:06:21 AM
And the idiots on Stamp go oooommmmg total panic because China is dumping now i have to dump as well!!!
You know that ARB exists between exchanges right? Feel free to ignore China, only difference is the people arbitraging then make more money while they equalize the price.
Sure some of it might be arb we we all know people start dumping as soon as someone on Huobi dumps.
April 25, 2014, 06:06:00 AM
where do we hit the ground?
April 25, 2014, 06:01:32 AM
And the idiots on Stamp go oooommmmg total panic because China is dumping now i have to dump as well!!!
You know that ARB exists between exchanges right? Feel free to ignore China, only difference is the people arbitraging then make more money while they equalize the price.
April 25, 2014, 06:01:21 AM
but what's the fud this time, that made us go 10% down in 8 hrs??
April 25, 2014, 06:01:06 AM
And the idiots on Stamp go oooommmmg total panic because China is dumping now i have to dump as well!!!
Yes that is how the arbitrage bots are programmed. April 25, 2014, 06:00:38 AM
Ah more dumping. China banned Bitcoin for the 2nd time today?
How big was this one..?
One full package or a lot of smaller ones?
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