Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 28676.

windjc

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Quote from: T.Stuart on March 31, 2014, 02:15:23 AM

Quote from: zby on March 31, 2014, 02:00:42 AM

For negative stuff isn't it sell on rumours buy on news?

It's amazing how people forget this. Remeber pre-Gox, when it was all about China? By the time the deadline came we were stable / inching up and if it hadn't been for Gox we would have continued that way I reckon.

Maybe there is another way, but to me it looks like there is going to be an epic showdown between $380-$420. The bid sums are already lined up, with plenty more waiting in the wings. But China is going to attempt to take us down to $200s

We need real capitulation and I think we are going to have a chance at it when these two forces meet.

magicmexican

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Quote from: gizmoh on March 31, 2014, 02:09:26 AM

Quote from: magicmexican on March 31, 2014, 02:05:12 AM

Selling now and waiting for china to crash to 2300-2100 is probably not a bad idea, since the bigger dump always happens about 8h~ after the "news"

So you finally SODL , bulls changing minds, i guess the low isn't that far!

I said it would probably be an okay idea, but i didnt sell , because overall the price is too low

T.Stuart

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One Token to Move Anything Anywhere

Quote from: zby on March 31, 2014, 02:00:42 AM

For negative stuff isn't it sell on rumours buy on news?

It's amazing how people forget this. Remeber pre-Gox, when it was all about China? By the time the deadline came we were stable / inching up and if it hadn't been for Gox we would have continued that way I reckon.

gizmoh

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Quote from: magicmexican on March 31, 2014, 02:05:12 AM

Selling now and waiting for china to crash to 2300-2100 is probably not a bad idea, since the bigger dump always happens about 8h~ after the "news"

So you finally SODL , bulls changing minds, i guess the low isn't that far!

magicmexican

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Selling now and waiting for china to crash to 2300-2100 is probably not a bad idea, since the bigger dump always happens about 8h~ after the "news"

ShroomsKit

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Quote from: magicmexican on March 31, 2014, 01:54:24 AM

Interesting that this fat red candle on huobi didnt make new low on stamp

The sheep finally figured out you don't have to sell on Stamp because a Chinese exchange goes down? That would be a miracle and very hard to believe.

zby

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Quote from: ?? on ??

Quote from: Davyd05 on 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

This is on front page of http://www.btctrade.com/

"Dear user: third-party payment channels received notification today, will be suspended directly online recharge functionality April 1, recharge will continue to use bank transfers, daily transactions and withdrawals are not affected, please understand! 415 for the recent events, Bitcoin transaction network (btctrade.com) yet received any notice, the recent market volatility is large, please investors cautious investment.".

bter has made a similar announcement.

I realize a lot of those who post in this thread has a very hard time accepting reality. Perhaps someone will be kind enough to send you a telex with the memo eventually?

I advise you to accept reality and the fact that some CNY exchanges already confirmed that the PBOC document is real before we re-visit double digits.

For negative stuff isn't it sell on rumours buy on news?

chessnut

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lol you can tell I hurt his feelings poor bastard. ^^

Grin

magicmexican

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Interesting that this fat red candle on huobi didnt make new low on stamp

FullLife

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Quote from: ?? on ??

Quote from: seleme on March 31, 2014, 12:42:33 AM

Some guys are putting a bit of fight at 450$... Shocked

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.

There is exactly zero chance we ever see double digits again without some serious FUD like SHA-256 getting cracked or something equally disturbing.

el_rlee

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I hope the statement is true, so it prevents us from crashing for the same reason over and over again.

seleme

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Duelbits.com

400 is defended well but if it fails, it's gonna be a show time Grin

aminorex

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Sine secretum non libertas

Quote from: Davyd05 on 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

You cannot withdraw from btce to an onshore chinese bank. Nor deposit.

KFR

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Per ardua ad luna

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.

Davyd05

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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

Davyd05

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Quote from: ?? on ??

Quote from: seleme on March 31, 2014, 12:42:33 AM

Some guys are putting a bit of fight at 450$... Shocked

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 Cheesy

or kin of proudhon?

seleme

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Duelbits.com

Some guys are putting a bit of fight at 450$... Shocked

Tyson95

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1800 bid on BFX

aaand its gone...

aminorex

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Sine secretum non libertas

People in china can still buy bitcoin. Huobi is appproaching a new post-dump high.

seleme

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Duelbits.com

Quote from: fotosonics on March 31, 2014, 12:28:44 AM

Quote from: seleme on March 31, 2014, 12:24:36 AM

Shorted much? Grin

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.

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 28676. (Read 26720580 times)