Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 28629.

igorr

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Quote from: KeyserSoze on March 31, 2014, 01:35:12 PM

Quote from: Mad Scientist on March 31, 2014, 01:30:50 PM

When Bitcoin collapsed to 800 what did I hear? "Too the moon!"
When Bitcoin collapsed to 600 what did I hear? "Too the moon!"
Now that Bitcoin is at 450 what do I hear? "Too the moon!"

"M O O N - that spells Nebraska!"
http://www.youtube.com/watch?v=WS0RfsMKNnY

always the same story.

KeyserSoze

hero member

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Quote from: Mad Scientist on March 31, 2014, 01:30:50 PM

When Bitcoin collapsed to 800 what did I hear? "Too the moon!"
When Bitcoin collapsed to 600 what did I hear? "Too the moon!"
Now that Bitcoin is at 450 what do I hear? "Too the moon!"

"M O O N - that spells Nebraska!"
http://www.youtube.com/watch?v=WS0RfsMKNnY

Mad Scientist

full member

Activity: 223

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When Bitcoin collapsed to 800 what did I hear? "Too the moon!"

When Bitcoin collapsed to 600 what did I hear? "Too the moon!"

Now that Bitcoin is at 450 what do I hear? "Too the moon!"

You guys are no different than the Aura and Mazacoin crowd: Delusional.

JorgeStolfi

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Quote from: JayJuanGee on March 31, 2014, 11:11:55 AM

Yeah, but what is the profile of the average BTC chinese investor?

This December 2013 artice gives some hints about that question (as of that time):
http://www.csmonitor.com/World/Asia-Pacific/2013/1206/Why-the-Chinese-can-t-get-enough-of-Bitcoin-despite-bank-ban
At least, it cites someone in China who did some research for some Chinese consultancy firm...

aminorex

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Sine secretum non libertas

Quote from: JayJuanGee on March 31, 2014, 11:11:55 AM

Yeah, but what is the profile of the average BTC chinese investor? Maybe they are NOT regular chinese people. We have to recall that probably less than 5% of chinese have heard about BTC and probably less than .1% have taken any steps towards purchasing any BTC and probably less than .01% have any significant BTC holdings of more than 10 BTC. In other words we are referring to a subset of a subset of a group.

Those percentages are extremely high, in my opinion.

aminorex

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Sine secretum non libertas

Quote from: fcmatt on March 31, 2014, 10:40:21 AM

lower lows and lower highs...

and people are rushing to buy? what is the rush to speculate on a falling virtual commodity? Has patience been totally tossed out of the window due to people using this forum or ones like it every 15 minutes?

The world does not consist entirely of price speculators. Some people need bitcoin to fulfill a function. Others are cost-averaging an investment.

Cheeseonastick

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Choo Choo

https://i.imgur.com/8vAr3UX.jpg?1

Motherfucker

podyx

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http://cryptocrimson.com/2014/03/pboc-official-slams-bitcoin-microblog-account/

"On Saturday, Zhang, retraced his statements, saying that he is nothing but an spectator in regards to the matter and that his opinions are not necessarily the same as those of the PBOC. Perhaps even more interesting, his latest post on the microblogging site reads, “”Definitely going to get told off on Monday."

this was an PBOC offical who critisized bitcoin, can anyone tell me what this mean?

JayJuanGee

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

Quote from: LOADING.READY.RUN on March 31, 2014, 11:33:57 AM

Quote from: JayJuanGee on March 31, 2014, 11:26:20 AM

Quote from: porcupine87 on March 31, 2014, 10:47:41 AM

Quote from: dreamspark on March 31, 2014, 09:37:28 AM

Total bidsum just nudged 12 milion for the first time in weeks...

Yeah, I put my buy order in. I will buy 5Mio. btc at 0.001$. Thanks that at least one person appreciate this!

People who talk like you are NOT investors, and you are NOT buying at any price, so the question becomes: "what are you doing in this thread?" You are clearly out of sync with the vast vast majority of others here, who are looking to buy and sell, no?

I think he has a point: dreamspark quotes the bid/ask ratio as a ratio of BTC : BTC. porcupoine87 demonstrates that this way of putting the bid/ask ratio is pointless, because it can easily be manipulated.

@dreamspark: I suggest using a USD/BTC ratio for the bid/ask sum because this way it's independent of this kind of manipulation.

Thanks for pointing that out.

Certainly, i misread what was being proposed by porcupine87..... and even when i read through the post, NOW, I do NOT understand the significance, exactly, except to recognize that I misunderstood what was being proposed... I had understood that porcupine87 was planning to buy when BTC reached $.001, which is clearly NO way even approaching what was being communicated.

My apologies to porcupine87 or anyone else who may have been bothered by my reaction.

derpinheimer

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The train is coming Cool

Xell

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Quote from: toxic0n on March 31, 2014, 10:36:23 AM

Quote from: Xell on March 31, 2014, 09:12:11 AM

Quote from: EuroTrash on March 31, 2014, 08:13:03 AM

Also 50000 CNY is almost 6 grand in € which is not much to some of us western middle class spoiled people but it is a lot to small Chinese worker class that is desperate for investing into stores of value that are not debased/stolen by their own government.

It's not the Chinese working class who are buying BItcoin. Its the Chinese rich (maybe with questionable sources) who have much more money than the European middle class. Hence why the biggest property owners in cities like London are.... Chinese private investors. You're living in the dark ages. Chinese people have money and they want to burn it. Many have a LOT of money to burn.

See all the visa schemes aimed at Chinese, where they can buy a passport for places like Australia or Canada if they can spare maybe a few hundred thousand dollars? Yeh, they're over-run and Canada had to decline everyone because so many Chinese have that much cash sitting around. It's totally absurd to even mention the Chinese workers.

I always thought it was the Russian mob that owned most of the expensive properties in London, not Chinese investors.

Well, I meant London property portfolio of highest value rather than highest individual asset in the portfolio. I know RBoK&C is packed with Russians, but SCMP reports the two individuals who own the most (by £) in London are now Chinese (they knocked some Duke or something off #1). In any case they have too much money and don't know what to do with it. They come to Hongkong to buy high street gold jewelry as an investment..

LOADING.READY.RUN

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Quote from: JayJuanGee on March 31, 2014, 11:26:20 AM

Quote from: porcupine87 on March 31, 2014, 10:47:41 AM

Quote from: dreamspark on March 31, 2014, 09:37:28 AM

Total bidsum just nudged 12 milion for the first time in weeks...

Yeah, I put my buy order in. I will buy 5Mio. btc at 0.001$. Thanks that at least one person appreciate this!

People who talk like you are NOT investors, and you are NOT buying at any price, so the question becomes: "what are you doing in this thread?" You are clearly out of sync with the vast vast majority of others here, who are looking to buy and sell, no?

I think he has a point: dreamspark quotes the bid/ask ratio as a ratio of BTC : BTC. porcupoine87 demonstrates that this way of putting the bid/ask ratio is pointless, because it can easily be manipulated.

@dreamspark: I suggest using a USD/BTC ratio for the bid/ask sum because this way it's independent of this kind of manipulation.

JayJuanGee

legendary

Activity: 3962

Merit: 11519

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

Quote from: porcupine87 on March 31, 2014, 10:47:41 AM

Quote from: dreamspark on March 31, 2014, 09:37:28 AM

Total bidsum just nudged 12 milion for the first time in weeks...

Yeah, I put my buy order in. I will buy 5Mio. btc at 0.001$. Thanks that at least one person appreciate this!

People who talk like you are NOT investors, and you are NOT buying at any price, so the question becomes: "what are you doing in this thread?" You are clearly out of sync with the vast vast majority of others here, who are looking to buy and sell, no?

podyx

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Quote from: JayJuanGee on March 31, 2014, 11:19:27 AM

Quote from: Taras on March 31, 2014, 09:51:12 AM

I hope the Bitcoin bullet train doesn't leave without me. I can't buy until tomorrow! Fingers crossed four a low price Cheesy

By the way, todays the anniversary of me finding out about and subsequently using Bitcoin

Happy BTC anniversary... but the bad news could be that we will be at $540-ish by tomorrow? if the poll's outcome is a yes.... but people seem to be pretty divided about that outcome... so you still may have a chance... NEVER know.. ??

I don't think we are going anywhere yet

JayJuanGee

legendary

Activity: 3962

Merit: 11519

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

Quote from: Taras on March 31, 2014, 09:51:12 AM

I hope the Bitcoin bullet train doesn't leave without me. I can't buy until tomorrow! Fingers crossed four a low price Cheesy

By the way, todays the anniversary of me finding out about and subsequently using Bitcoin

Happy BTC anniversary... but the bad news could be that we will be at $540-ish by tomorrow? if the poll's outcome is a yes.... but people seem to be pretty divided about that outcome... so you still may have a chance... NEVER know.. ??

JayJuanGee

legendary

Activity: 3962

Merit: 11519

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

Quote from: EuroTrash on March 31, 2014, 08:13:03 AM

Quote from: JorgeStolfi on March 31, 2014, 07:28:35 AM

Quote from: ?? on ??

Some good news to China
https://btc-e.com/news/203

I understand that to mean: any Chinese citizens who can send their CNY offshore (which turns them into CNH) can now deposit them directly to BTC-e, without converting them to EUR or USD first.

That could be one option for Chinese citizens to put new money into the cryptocoin market. However it seems to be limited to 50,000 CNY/year for most people, is that correct?

Chinese citizens who already have money in their Chinese exchange accounts would probably want to buy bitcoins there and export them to an account on BTC-e or any other exchange.

I suppose that the PBoC would not mind, quite the opposite, if Chinese citizens withdraw CNH from BTC-e and bring them back into the mainland?

If I see it your way, it means that the Chinese have a BTC/LTC-way to escape capital controls until April 15th.

Also 50000 CNY is almost 6 grand in € which is not much to some of us western middle class spoiled people but it is a lot to small Chinese worker class that is desperate for investing into stores of value that are not debased/stolen by their own government.

So if BTC-E provides them with a way to withdraw CNH, and if they can convert CNH to CNY easily, they could put some of their savings into crypto.

Can any Chinese citizen here please confirm that this is the case?

Yeah, but what is the profile of the average BTC chinese investor? Maybe they are NOT regular chinese people. We have to recall that probably less than 5% of chinese have heard about BTC and probably less than .1% have taken any steps towards purchasing any BTC and probably less than .01% have any significant BTC holdings of more than 10 BTC. In other words we are referring to a subset of a subset of a group.

LMGTFY

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Quote from: Hypnoise on March 31, 2014, 11:00:18 AM

Quote from: ?? on ??

Quote from: Walsoraj on March 31, 2014, 09:33:16 AM

http://www.zerohedge.com/news/2014-03-31/market-rigged-michael-lewis-explains-how-hfts-screw-investors-every-day

Might be of interest to those of you monitoring activity on chinese exchanges.

Thanks

yeah thanks

nice to have "" fair and unrigged markets "" but who will decide what is fair. Ok, obviously prohibit silly bots, prohibit from trading those, who are not at least 16 old. What else: prohibit those who live in North Korea ect.

When I think of markets being rigged 16 year old and North Korean traders aren't my biggest worry. Though I guess if the trader was a 16 year old member of the Politburo I'd worry more...

I'm not even 100% certain that I regard HFT as "unfair". At least with Bitcoin we have a chance to develop our own bots and the APIs are all open (and free, as far as I know).

But my biggest worry is "who will decide what is fair". It's regulation, and I'm instinctively opposed.

ChartBuddy

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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

Explanation

Hypnoise

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Quote from: ?? on ??

Quote from: Walsoraj on March 31, 2014, 09:33:16 AM

http://www.zerohedge.com/news/2014-03-31/market-rigged-michael-lewis-explains-how-hfts-screw-investors-every-day

Might be of interest to those of you monitoring activity on chinese exchanges.

Thanks

yeah thanks

nice to have "" fair and unrigged markets "" but who will decide what is fair. Ok, obviously prohibit silly bots, prohibit from trading those, who are not at least 16 old. What else: prohibit those who live in North Korea ect.

JayJuanGee

legendary

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

Quote from: dreamspark on March 31, 2014, 06:38:57 AM

Quote from: bizz on March 31, 2014, 06:36:49 AM

Quote from: dreamspark on March 31, 2014, 06:35:02 AM

Quote from: bizz on March 31, 2014, 06:31:23 AM

Time to give Kraken some love.

Are you trading there at the moment ?

What are your general thoughts and feelings?

Yes, since recently. Low volumes but growing slowly. Otherwise it's great. Lots of advanced order options.

Thanks, I may send some play money there to see if I get on with it then, I tried bitfinex recently but some of there features are very confusing.

In other news according to fiat leak the chinese are buying about 10x more BTC at the moment than the rest of the world.

A lot of people have raised questions about fiatleaks as a credible source... b/c the foundational information is questionable.... Additionally, it does NOT seem to reflect new money into BTC but instead exchange activity. China's exchange activity has been high for at least a couple of reasons. First in many instances there are NO exchange fees, and second there have been accusations and even admissions regarding fudging the numbers.

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