Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 28333.

macsga

legendary

Activity: 1484

Merit: 1002

Strange, yet attractive.

Quote from: Cassius on April 10, 2014, 04:25:48 AM

Quote from: macsga on April 10, 2014, 04:23:21 AM

Quote from: ?? on ??

Is anyone active on chinese forums? What is the general conensus there?

Fuck it, I'll get the hell out of BTC.
Fuck it, I'll transfer my BTC to an exchange outside of China.

?

General consensus is 保持

Chinese for HODL?
I'm not sure that's what they're saying in China...

Trust me; my translation seems legit! Grin

JayJuanGee

legendary

Activity: 3920

Merit: 11299

Self-Custody is a right. Say no to"Non-custodial"

Quote from: macsga on April 10, 2014, 04:20:29 AM

Quote from: dreamspark on April 10, 2014, 04:14:46 AM

Who knows its a mystery at this point, I beleive the oral communication part was between Huobi and their bank though not their bank and pboc?

For some strange reason, I tend to intimate the bold letters above with sex... it might just be that I've a long time to get laid. Kiss

Yeah... if we could get some decent choo choo mf... then decent appreciation of our BTC holdings, then can use some of those proceeds for recreating..... which helps to have some free time and a little extra cash.. and make recreating easier.

TERA

hero member

Activity: 728

Merit: 500

Quote from: dreamspark on April 10, 2014, 04:25:45 AM

Quote from: TERA on April 10, 2014, 04:22:09 AM

I'm saying that a change in cash flow due to something actually happening has a real and direct affect on the market regardless of what speculators think and is almost impossible to prepare for or 'price in'.

Okay, well I agree with you to a point but its not impossible to prepare for, if you anticipate based on the news that the price will drop due to exchanges bank accounts being closed then that is preparing for it, thus it gets priced in slightly.

Are you attempting to suggest that the price drop due to the confirmed news would have been the same amount even if people had not already heard it was likely and taken a position based on that.

I guess there is a difference but not as much as people think.

dreamspark

hero member

Activity: 798

Merit: 1000

Quote from: lebing on April 10, 2014, 04:27:01 AM

Quote from: ShroomsKit on April 10, 2014, 04:22:02 AM

Quote from: lebing on April 10, 2014, 04:20:07 AM

it seems that might be all of the ammo the bears had.

if so, the moon is not far away.

I've been reading exactly this every other day for 3 months now.

The difference now is that China has actually got to a sustainable solution. Now they have found a solution which provides the capital control they desperately needed without completely banning a revolutional technology. Similar to the compromise that they came to with the internet as whole.

In other words, we have reached peak China-bear-ness, which was something that could not be said 3 months ago.

True but also theres still plenty of time for Chinese people to sell, people will speculate up until the last moment and any drop in price in China will drag the west down due to arbers, while they have so much coin this is far from over...

Cassius

legendary

Activity: 1764

Merit: 1031

Quote from: dreamspark on April 10, 2014, 04:25:45 AM

Quote from: TERA on April 10, 2014, 04:22:09 AM

I'm saying that a change in cash flow due to something actually happening has a real and direct affect on the market regardless of what speculators think and is almost impossible to prepare for or 'price in'.

Okay, well I agree with you to a point but its not impossible to prepare for, if you anticipate based on the news that the price will drop due to exchanges bank accounts being closed then that is preparing for it, thus it gets priced in slightly.

Are you attempting to suggest that the price drop due to the confirmed news would have been the same amount even if people had not already heard it was likely and taken a position based on that.

I won't speak for TERA, but 'news' is 'priced in' on guesswork. When banking services are withdrawn, we'll see how accurate the guesswork was.
This happens all the time, hence xxx news report saying 'shares rose as earnings exceeded expectations' or whatever.

lebing

legendary

Activity: 1288

Merit: 1000

Enabling the maximal migration

Quote from: ShroomsKit on April 10, 2014, 04:22:02 AM

Quote from: lebing on April 10, 2014, 04:20:07 AM

it seems that might be all of the ammo the bears had.

if so, the moon is not far away.

I've been reading exactly this every other day for 3 months now.

The difference now is that China has actually got to a sustainable solution. Now they have found a solution which provides the capital control they desperately needed without completely banning a revolutional technology. Similar to the compromise that they came to with the internet as whole.

In other words, we have reached peak China-bear-ness, which was something that could not be said 3 months ago.

Cassius

legendary

Activity: 1764

Merit: 1031

Quote from: macsga on April 10, 2014, 04:23:21 AM

Quote from: ?? on ??

Is anyone active on chinese forums? What is the general conensus there?

Fuck it, I'll get the hell out of BTC.
Fuck it, I'll transfer my BTC to an exchange outside of China.

?

General consensus is 保持

Chinese for HODL?
I'm not sure that's what they're saying in China...

dreamspark

hero member

Activity: 798

Merit: 1000

Quote from: TERA on April 10, 2014, 04:22:09 AM

I'm saying that a change in cash flow due to something actually happening has a real and direct affect on the market regardless of what speculators think and is almost impossible to prepare for or 'price in'.

Okay, well I agree with you to a point but its not impossible to prepare for, if you anticipate based on the news that the price will drop due to exchanges bank accounts being closed then that is preparing for it, thus it gets priced in slightly.

Are you attempting to suggest that the price drop due to the confirmed news would have been the same amount even if people had not already heard it was likely and taken a position based on that.

magicmexican

hero member

Activity: 812

Merit: 1000

I could be wrong because i dont note exact numbers, but it feels that there is more buying compared to the last crash to 2410~

macsga

legendary

Activity: 1484

Merit: 1002

Strange, yet attractive.

Quote from: ?? on ??

Is anyone active on chinese forums? What is the general conensus there?

Fuck it, I'll get the hell out of BTC.
Fuck it, I'll transfer my BTC to an exchange outside of China.

?

General consensus is 保持*

*http://translation.sensagent.com/%E4%BF%9D%E6%8C%81/zh-en/

TERA

hero member

Activity: 728

Merit: 500

Quote from: dreamspark on April 10, 2014, 04:17:15 AM

Quote from: TERA on April 10, 2014, 04:13:56 AM

Quote from: Davyd05 on April 10, 2014, 04:08:43 AM

Quote from: dreamspark on April 10, 2014, 03:56:02 AM

Quote from: ?? on ??

People whats going on?

We are close to 400 and there is no volume at all! Do something!

To be honest I think most of the news was already priced in and people have been taking their positions over the last few days.

However this is just the announcement and the deadline is not for a few more days so no doubt theres people waiting to buy until after that...

it gets extended in the Reddit I read regarding huobi, to the 18th lol. However real question is some are saying this is a call, oral communication. It is possible a very successful social engineering hack to FUD us to death lol.

I can't imagine the pboc not putting this shit in writing lol .. or they really are just brake pumping till they can think of better controls, which will never occur

What is this "news" you keep talking about? China is a place, not a "news". There are real people, exchanges, coins, and fiat. If exchange banking goes down, the flow of fiat in decreases and the flow of coins being distributed increases.

The "news" that their banks were going to be closed, thus you can attempt to estimate the effect that those other things you mention will have. Not quiet sure what your trying to say. Roll Eyes

Are you trying to tell me that the Chinese exchanges having their accounts closed is not news somehow?

I'm saying that a change in cash flow due to something actually happening has a real and direct affect on the market regardless of what speculators think and is almost impossible to prepare for or 'price in'.

ShroomsKit

hero member

Activity: 672

Merit: 500

Quote from: lebing on April 10, 2014, 04:20:07 AM

it seems that might be all of the ammo the bears had.

if so, the moon is not far away.

I've been reading exactly this every other day for 3 months now.

macsga

legendary

Activity: 1484

Merit: 1002

Strange, yet attractive.

Quote from: dreamspark on April 10, 2014, 04:14:46 AM

Who knows its a mystery at this point, I beleive the oral communication part was between Huobi and their bank though not their bank and pboc?

For some strange reason, I tend to intimate the bold letters above with sex... it might just be that I've a long time to get laid. Kiss

lebing

legendary

Activity: 1288

Merit: 1000

Enabling the maximal migration

it seems that might be all of the ammo the bears had.

if so, the moon is not far away.

Cassius

legendary

Activity: 1764

Merit: 1031

Quote from: dreamspark on April 10, 2014, 04:14:46 AM

Quote from: Davyd05 on April 10, 2014, 04:08:43 AM

Quote from: dreamspark on April 10, 2014, 03:56:02 AM

Quote from: ?? on ??

People whats going on?

We are close to 400 and there is no volume at all! Do something!

To be honest I think most of the news was already priced in and people have been taking their positions over the last few days.

However this is just the announcement and the deadline is not for a few more days so no doubt theres people waiting to buy until after that...

it gets extended in the Reddit I read regarding huobi, to the 18th lol. However real question is some are saying this is a call, oral communication. It is possible a very successful social engineering hack to FUD us to death lol.

I can't imagine the pboc not putting this shit in writing lol .. or they really are just brake pumping till they can think of better controls, which will never occur

Who knows its a mystery at this point, I beleive the oral communication part was between Huobi and their bank though not their bank and pboc?

I believe it was in person. I wouldn't assume that because it's not in writing it's less significant. China doesn't work the same way as US/Europe.

dreamspark

hero member

Activity: 798

Merit: 1000

Quote from: TERA on April 10, 2014, 04:13:56 AM

Quote from: Davyd05 on April 10, 2014, 04:08:43 AM

Quote from: dreamspark on April 10, 2014, 03:56:02 AM

Quote from: ?? on ??

People whats going on?

We are close to 400 and there is no volume at all! Do something!

To be honest I think most of the news was already priced in and people have been taking their positions over the last few days.

However this is just the announcement and the deadline is not for a few more days so no doubt theres people waiting to buy until after that...

it gets extended in the Reddit I read regarding huobi, to the 18th lol. However real question is some are saying this is a call, oral communication. It is possible a very successful social engineering hack to FUD us to death lol.

I can't imagine the pboc not putting this shit in writing lol .. or they really are just brake pumping till they can think of better controls, which will never occur

What is this "news" you keep talking about? China is a place, not a "news". There are real people, exchanges, coins, and fiat. If exchange banking goes down, the flow of fiat in decreases and the flow of coins being distributed increases.

The "news" that their banks were going to be closed, thus you can attempt to estimate the effect that those other things you mention will have. Not quiet sure what your trying to say. Roll Eyes

Are you trying to tell me that the Chinese exchanges having their accounts closed is not news somehow?

dreamspark

hero member

Activity: 798

Merit: 1000

Quote from: Davyd05 on April 10, 2014, 04:08:43 AM

Quote from: dreamspark on April 10, 2014, 03:56:02 AM

Quote from: ?? on ??

People whats going on?

We are close to 400 and there is no volume at all! Do something!

To be honest I think most of the news was already priced in and people have been taking their positions over the last few days.

However this is just the announcement and the deadline is not for a few more days so no doubt theres people waiting to buy until after that...

it gets extended in the Reddit I read regarding huobi, to the 18th lol. However real question is some are saying this is a call, oral communication. It is possible a very successful social engineering hack to FUD us to death lol.

I can't imagine the pboc not putting this shit in writing lol .. or they really are just brake pumping till they can think of better controls, which will never occur

Who knows its a mystery at this point, I beleive the oral communication part was between Huobi and their bank though not their bank and pboc?

TERA

hero member

Activity: 728

Merit: 500

Quote from: Davyd05 on April 10, 2014, 04:08:43 AM

Quote from: dreamspark on April 10, 2014, 03:56:02 AM

Quote from: ?? on ??

People whats going on?

We are close to 400 and there is no volume at all! Do something!

To be honest I think most of the news was already priced in and people have been taking their positions over the last few days.

However this is just the announcement and the deadline is not for a few more days so no doubt theres people waiting to buy until after that...

it gets extended in the Reddit I read regarding huobi, to the 18th lol. However real question is some are saying this is a call, oral communication. It is possible a very successful social engineering hack to FUD us to death lol.

I can't imagine the pboc not putting this shit in writing lol .. or they really are just brake pumping till they can think of better controls, which will never occur

What is this "news" you keep talking about? China is a place, not a "news". There are real people, exchanges, coins, and fiat. If exchange banking goes down, the flow of fiat in decreases and the flow of coins being distributed increases.

Davyd05

hero member

Activity: 574

Merit: 500

Quote from: dreamspark on April 10, 2014, 03:56:02 AM

Quote from: ?? on ??

People whats going on?

We are close to 400 and there is no volume at all! Do something!

To be honest I think most of the news was already priced in and people have been taking their positions over the last few days.

However this is just the announcement and the deadline is not for a few more days so no doubt theres people waiting to buy until after that...

it gets extended in the Reddit I read regarding huobi, to the 18th lol. However real question is some are saying this is a call, oral communication. It is possible a very successful social engineering hack to FUD us to death lol.

I can't imagine the pboc not putting this shit in writing lol .. or they really are just brake pumping till they can think of better controls, which will never occur

macsga

legendary

Activity: 1484

Merit: 1002

Strange, yet attractive.

Quote from: JayJuanGee on April 10, 2014, 03:50:36 AM

Quote from: macsga on April 10, 2014, 03:31:55 AM

WARNING!!!

Legit TA follows:

Double bottom formed at $400

CCMF!!!!1

There seems to be problems with that TA.

The double bottom may be forming but it is NOT formed in the chart. IN that regard, I can see that the double bottom is on its way, and it appears to be a nice one, but at the moment, at best it is only a 1 1/4 bottom.

This is a very good observation, indeed. The previous as... err... bottom has been formed at about Feb 24, thus it's not focused. I therefore sit on my desk patiently, grabbing some popcorn and waiting for the TRIPLE bottom forming.

PS1: Still CCMF stuff...
PS2: Feel free to contribute with your legit charts.

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 28333. (Read 26610289 times)