Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 29778. (Read 26712305 times)

Well dayum, my fiat wont be on gox in time

I just had a vision of Chinese people in gambling dens betting bitcoin on cock fights.

Retesting 30 day lows is a rally? I'm so cornfused.

Gox starting a rally, time to buy

Also... as a little side note.. this year everyone I know that is not already a BTC hodler when it comes to their birthdays or Christmas presents I will be setting them up wallets on their androids or PC and a paper wallet too, and I will chuck a $100 of BTC in their wallets and that will be them..  and then I will poke and prod them until they do likewise "have you set your gran up a wallet yet?"

Another plus, basically I just did all my Christmas shopping for 2014 the other day : )  

Have you set your granma up a wallet yet?  I did and they are both dead - but they have still got f'kin Bitcoin wallets with a few BTC in them

No excuses ! not even death.

There are many miners in China. The Chinese could buy or trade from them even if all the exchanges closed. One could buy from anyone in China who holds bitcoin and was willing to sell. Communist countries have always had black markets.

http://en.wikipedia.org/wiki/Capital_control

The laws of economics cannot be repealed by legislative fiat. You could sooner repeal the Law of Gravity.

PS. I think that the only really bad news for bitcoin iinvestors that I have seen in the last few months were these two lines in the recent interview of Huobi's CEO:

  "We’ll evaluate the virtual currencies’ general market value and its circulation to decide whether to include [other cryptocoins]. Litecoin is in our plan. We need more observation of the situation of Dogecoin."

http://forexmagnates.com/exclusive-interview-ceo-of-largest-bitcoin-exchange-in-the-world-huobi-responds-to-mt-gox-situation/

And you turning bearish on the price , that's one bad sign.

It's gonna take the other exchanges with it. Because that's how dumb the sheep are.

I have the feeling we'll see another dump on stamp soon which will take us to 600. And there people will completely poop their pants for a few days and finally panic sell to Gox levels.

All this selling on gox doesnt make much sense to me

Is it?  Basically the only way to convert Yuan to/from Bitcoin now is through a Chinese bank.  Both the bank and the exchange will want your ID. 

What do you mean exactly by "evading capital controls and State restrictions"?

Fair enough...  I hear you... but the whole buying in and selling thing is not for me personally, as for me there is no point.. my strategy thus far negates the need

 I am not a miner never have been.. but I have been buying for a long while,  I buy dips and trade alts to increase my BTC, and I also have invested in an alt or two, and I actually now take most of my wages in BTC, and I spend it where I can... and I know a good group who are all doing the same... I am trying to get more and more local businesses to accept BTC and I am in the process of looking to intergrate taking payments in BTC for the business I currently manage. Most of my friends are now BTC hodlers and buyers and only one of them a miner-  though I am talking to my friends about setting up some nodes.   Also I do not think guys with angry girlfriends running a few little rigs in their little flats are propping up the market... there are guys with underground caves being powered by geothermal power right now with asic farms that would make your eyes water.. and I do not even think that is what is propping up the market... but assuming that they are... sure money is not endless but the players coming into the game with those set ups, and the ones already established in the game they gotz funding...  most of the players coming into the game (not just in mining) now have gots funding and deep deep wallets and are playing a long term game...  I am also playing a long term game... and the price movement of the past month, few months does not surprise me...  the market is going to decide for sure... I still see the fundamentals as strong... I guess we will have to wait and see .... for me the key is not price, not at all the key is adoption rate and user figures, can the network growth do its thing for a few more cycles? I think that the money coming into the ecosystem at this point is banking on YES, which is why they are coming into the game and coming with depe pockets and will do all they can to make it work, which gives me confidence... and if this remains true and we do get another few cycles of the network effect play out. then to me the long term fundamantals still look good.. not certain but good... and that would mean another set of parabolic price rises as time goes by.

I am mostly interested in adoption and use rates not the price.

One of the greatest failings of humanity is its failure to understand the exponential function.

(That being said BTC has in my mind over the next 1-3 years got a binary outcome)

Ignoring the language , looking at bitcoin purely as an investments just adds to the motives I said you don't have a clue about what bitcoin is.

What the hell , you're saying I wasn't mining for the last 3 months ... or that I have an imaginary girlfriend?
At the moment , I don't know what might be worse ))

Depends on luck is your gox acc working as it should or not.

macd's proven to be useless in the past week or so

TOP holders are playing the long term game, since they can take the risk. While most of the mining equipment are owned by people who actually used their savings to buy those machines. There is only a small amount of bitcoins in existance that will be sold at markets, and the biggest part of those coins have been created by miners in the near past.

A very pertinent and acute point.
I like the comments below the line esp the list of fines recently paid by JPM.