Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 28638. (Read 26713657 times)
March 31, 2014, 01:06:23 AM
400 is defended well but if it fails, it's gonna be a show time
March 31, 2014, 01:03:35 AM
really starting to believe that statement was an internal memo that got leaked from the pboc on its way to exchanges.. Mind you I'll change my mind if across the board halts come..and then watch them flow to btc-e lol
You cannot withdraw from btce to an onshore chinese bank. Nor deposit.
March 31, 2014, 01:03:18 AM
This seems to simply be Chinese capital control. They don't want to sell their currency; they want to sell goods and services in return for currency.
You can still deposit and withdraw LTC/BTC and withdraw CNY. The only restriction is on CNY deposits and it is unlikely to be permanent - although I grant you that last bit is an assumption, but I think it's a sound one.
This means that bitcoins are going to be harder to buy and sell within China. However China has also recognised bitcoins as a legitimate asset and has no problem with Chinese people owning them - hence demand is unaffected whilst supply...
Well, what happens to the price of something when you make it harder to get hold of?
Just my tuppence - make of them what you will.
You can still deposit and withdraw LTC/BTC and withdraw CNY. The only restriction is on CNY deposits and it is unlikely to be permanent - although I grant you that last bit is an assumption, but I think it's a sound one.
This means that bitcoins are going to be harder to buy and sell within China. However China has also recognised bitcoins as a legitimate asset and has no problem with Chinese people owning them - hence demand is unaffected whilst supply...
Well, what happens to the price of something when you make it harder to get hold of?
Just my tuppence - make of them what you will.
March 31, 2014, 12:57:15 AM
really starting to believe that statement was an internal memo that got leaked from the pboc on its way to exchanges.. Mind you I'll change my mind if across the board halts come..and then watch them flow to btc-e lol
March 31, 2014, 12:53:42 AM
Some guys are putting a bit of fight at 450$... 
It won't matter by the end of this week. CNY can only flow one way now: Out of the BTC "market". Those who HODL can call that good news and false rumor all they want, it won't help.
Expect double digits.
mother of all bears eh
or kin of proudhon? March 31, 2014, 12:42:33 AM
Some guys are putting a bit of fight at 450$...
March 31, 2014, 12:39:11 AM
1800 bid on BFX
aaand its gone...
aaand its gone...
March 31, 2014, 12:38:40 AM
People in china can still buy bitcoin. Huobi is appproaching a new post-dump high.
March 31, 2014, 12:37:33 AM
Shorted much?
I might have to go back a few pages, but someone said something very wise which I will also reiterate: there are only 2 times that the price of bitcoin really means anything to me: the price when I buy, and the price when I sell. Otherwise it means exactly zilch.
That's relatively good, might be even better but as Rockefeller said, it is very easy to make money trading - I never buy at bottom and I always sell too soon.
March 31, 2014, 12:36:06 AM
Bitcoin is simultaneously Rearden Metal. It is Rearden Metal because it is better than the status quo, yet the MSM and establishment defame it relentlessly.
Represents a morphing and backfiring of a centralized organization's attempt to manipulate what should be a natural process
Represents a morphing and backfiring of a centralized organization's attempt to manipulate what should be a natural process
So instead of buying FIAT from the FED and Banksters, which I can use everyday, I should buy "Digital Gold" from Bank of KnC and Bank of Butterfly labs? Security right? I need to re-read Satoshi's paper.
don't forget the smaller bank of klondike - 3TH churning up coins like a storm
I don't want to say we are at the bottom, since i said that at $600 only a week ago. however, I feel like we have fallen far enough outside of the trendlines that there is a major, visible upside that the market has yet to rebound towards.
Bitcoin is in a better place than it was at $130/$1200 - ATMs are out, the IRS appears to have a basic understanding, and more people than ever know about it and can use it for everyday stuff via gfty and overstock/tigerdirect. We could fall lower, but it should not be difficult to break back above $800 by early summer, and I feel like $3000 is still a reasonable high to be hit in 2014 (possibly as the peak of a brief bubble)
March 31, 2014, 12:36:02 AM
Not sure if all is sold to but part certainly is.
March 31, 2014, 12:31:50 AM
Just another day in the Bitcoin market...
Quote
Exchange x stopped deposits in y currency?!?!
This means that the price should go down artificially on that exchange.
I think everyone else will dump because they think everyone else will dump because of this news.
Panic sell!!!
This means that the price should go down artificially on that exchange.
I think everyone else will dump because they think everyone else will dump because of this news.
Panic sell!!!
If I understand it, a ban in China is not like shutting BTC-E down. It would prevent the whole country from being able to invest in Bitcoin. If BTC-E goes down, people can just move exchanges. This should cause a massive devaluation of BTC unless we happen to end up in another hype cycle (or, deposits come back)
I really dont believe the China ban is "factored in". Much like Gox, and countless other things that were 'already' factored in.
That BTC-e whale is interesting..
Whats going on there? I checked and saw a shadow line of about 600BTC. Was it sold in to?
March 31, 2014, 12:29:00 AM
Bitcoin is simultaneously Rearden Metal. It is Rearden Metal because it is better than the status quo, yet the MSM and establishment defame it relentlessly.
Represents a morphing and backfiring of a centralized organization's attempt to manipulate what should be a natural process
Represents a morphing and backfiring of a centralized organization's attempt to manipulate what should be a natural process
So instead of buying FIAT from the FED and Banksters, which I can use everyday, I should buy "Digital Gold" from Bank of KnC and Bank of Butterfly labs? Security right? I need to re-read Satoshi's paper.
welcome to my ignore you retard
March 31, 2014, 12:28:44 AM
Shorted much?
I might have to go back a few pages, but someone said something very wise which I will also reiterate: there are only 2 times that the price of bitcoin really means anything to me: the price when I buy, and the price when I sell. Otherwise it means exactly zilch.
March 31, 2014, 12:24:46 AM
Bitcoin is simultaneously Rearden Metal. It is Rearden Metal because it is better than the status quo, yet the MSM and establishment defame it relentlessly.
Represents a morphing and backfiring of a centralized organization's attempt to manipulate what should be a natural process
Represents a morphing and backfiring of a centralized organization's attempt to manipulate what should be a natural process
So instead of buying FIAT from the FED and Banksters, which I can use everyday, I should buy "Digital Gold" from Bank of KnC and Bank of Butterfly labs? Security right? I need to re-read Satoshi's paper.
March 31, 2014, 12:24:36 AM
Congrats, well done, you've done a great job identifying yourselves as fools.
Welcome to the wonderful land of ignore.
Shorted much?
March 31, 2014, 12:23:56 AM
Congrats, well done, you've done a great job identifying yourselves as fools.
Welcome to the wonderful land of ignore.
March 31, 2014, 12:21:52 AM
That BTC-e whale is interesting..
March 31, 2014, 12:20:44 AM
Just another day in the Bitcoin market...
Quote
Exchange x stopped deposits in y currency?!?!
This means that the price should go down artificially on that exchange.
I think everyone else will dump because they think everyone else will dump because of this news.
Panic sell!!!
This means that the price should go down artificially on that exchange.
I think everyone else will dump because they think everyone else will dump because of this news.
Panic sell!!!
March 31, 2014, 12:18:59 AM
Since we are all so sino-obsessed these days...does anyone here read the Chinese sub-forum?
Personally, I'm more inclined to believe a Chinese speakers insights more than some middle-aged white guy who lives in Montana.
This thread is great
https://bitcointalk.org/index.php?topic=252469.460
Even with the bizarre Google translation it makes more sense than some of the dick-waving predictions and proclamations made here.
It resembles reading through a Doge thread, no? Personally, I'm more inclined to believe a Chinese speakers insights more than some middle-aged white guy who lives in Montana.
This thread is great
https://bitcointalk.org/index.php?topic=252469.460
Even with the bizarre Google translation it makes more sense than some of the dick-waving predictions and proclamations made here.
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