reversed head and shoulders in all 4 main exchanges
Where are we headed right now ?idk, if 650 holds then maybe this was it but if not then we go lower
badass answer, have you smoked again?
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 30973. (Read 26710965 times)
December 17, 2013, 08:25:14 AM
idk, if 650 holds then maybe this was it but if not then we go lower
badass answer, have you smoked again?
December 17, 2013, 08:23:45 AM
reversed head and shoulders in all 4 main exchanges
Where are we headed right now ?idk, if 650 holds then maybe this was it but if not then we go lower
theres a lot of support at 650 i think it will hold for now
December 17, 2013, 08:19:43 AM
reversed head and shoulders in all 4 main exchanges
Where are we headed right now ? 
December 17, 2013, 08:01:54 AM
December 17, 2013, 08:01:36 AM
reversed head and shoulders in all 4 main exchanges
December 17, 2013, 07:59:46 AM
Hmmm... so how's it looking guys??
Where are we headed? Will I get my 650 again?
Where are we headed? Will I get my 650 again?
December 17, 2013, 07:58:48 AM
i meant that chinese people in china can still speculate the shit out from bitcoin and that is what has been helped a lot in this recent rise from $125 
Just wondering: How many % of the chinese people are aware of bitcoin? How many hold them?
Is it still pretty much underground or full mainstream?
underground
http://stats.grok.se/zh/latest90/bitcoin
Thanks.
December 17, 2013, 07:46:43 AM
we should let China drop to $1 then buy them back
December 17, 2013, 07:41:59 AM
Is it not the case that most 3rd party payment providers in the US won't go near bitcoin exchanges with a barge pole? And if so, is the situation in China now not pretty similar?
December 17, 2013, 07:39:26 AM
honestly i can see china trying to control the flow of bitcoins soon as well. they are trying to control the fiat going in and out of the exchange, but if the btc can be transferred out easily that reduces the effectiveness of their policy.
or am i missing something?
or am i missing something?
Authorities might now grasping the risk of btc to their currency control and leakage. They are gradually putting measures to squeeze cash flow to btc while letting investors out without causing sudden price crash. Next step might be to prevent exchanges from using chinese banks.
chinese government has been positive about bitcoin to this day, there's no reason to believe that they wanted anything more than to take control of fiat which goes in/out, at least until proved otherwise
but don't they have a policy of only being able to take $50,000 per person per year out of the country? as far as i know, there are currently no limits to how much you can invest in bitcoin. what's stopping someone from buying $1m in bitcoins through btcchina using their chinese bank account then transferring to bitstamp and withdrawing $1m anywhere in the world?
December 17, 2013, 07:37:11 AM
honestly i can see china trying to control the flow of bitcoins soon as well. they are trying to control the fiat going in and out of the exchange, but if the btc can be transferred out easily that reduces the effectiveness of their policy.
or am i missing something?
or am i missing something?
Authorities might now grasping the risk of btc to their currency control and leakage. They are gradually putting measures to squeeze cash flow to btc while letting investors out without causing sudden price crash. Next step might be to prevent exchanges from using chinese banks.
chinese government has been positive about bitcoin to this day, there's no reason to believe that they wanted anything more than to take control of fiat which goes in/out, at least until proved otherwise
December 17, 2013, 07:33:42 AM
i meant that chinese people in china can still speculate the shit out from bitcoin and that is what has been helped a lot in this recent rise from $125
Just wondering: How many % of the chinese people are aware of bitcoin? How many hold them?
Is it still pretty much underground or full mainstream?
underground
http://stats.grok.se/zh/latest90/bitcoin
December 17, 2013, 07:33:12 AM
honestly i can see china trying to control the flow of bitcoins soon as well. they are trying to control the fiat going in and out of the exchange, but if the btc can be transferred out easily that reduces the effectiveness of their policy.
or am i missing something?
or am i missing something?
Authorities might now grasping the risk of btc to their currency control and leakage. They are gradually putting measures to squeeze cash flow to btc while letting investors out without causing sudden price crash. Next step might be to prevent exchanges from using chinese banks.
December 17, 2013, 07:23:17 AM
i meant that chinese people in china can still speculate the shit out from bitcoin and that is what has been helped a lot in this recent rise from $125
Just wondering: How many % of the chinese people are aware of bitcoin? How many hold them?
Is it still pretty much underground or full mainstream?
December 17, 2013, 07:16:19 AM
honestly i can see china trying to control the flow of bitcoins soon as well. they are trying to control the fiat going in and out of the exchange, but if the btc can be transferred out easily that reduces the effectiveness of their policy.
or am i missing something?
or am i missing something?
December 17, 2013, 07:15:55 AM
you can still send your fiat instantly with no fees to the exchange and buy bitcoins, same thing other way around, in china, am i correct?
Well, I just checked my BTChina account because there would be some lovely arb opportunities if you could get fiat on there from overseas but it looks very much like the only options are via banks in mainland China. I asked them last month about HK banks and they said no. So, getting funds in from o/s looks difficult.
Where's Bitpirate? I'd be interested in his take on things and how its impacted on rmbtb.com
i meant that chinese people in china can still speculate the shit out from bitcoin and that is what has been helped a lot in this recent rise from $125
December 17, 2013, 07:15:06 AM
This is important thing. Many people here are talking about third party payment processors being banned but articles usually list banks there too. If banks are too banned, then it's game over for China (farewell boys):
Quote
The PBOC met with around ten top Chinese third-party payment providers yesterday, banning banks and third-party payment firms from providing settlement and clearance services for transactions based on virtual currencies, like Bitcoin and Litecoin, as well as other peer-to-peer currency trading sites.
December 17, 2013, 07:14:45 AM
I have a strong feeling that we will be all up after few hours....
December 17, 2013, 07:12:42 AM
I wonder when this story will be picked up more in the English press than it has so far (no Techcrunch yet - which will pull in the mainstream media). I guess if/when BTC releases something official on their website.
In the meantime...
http://technode.com/2013/12/17/alipay-and-tenpay-terminate-payment-and-clearing-services-for-bitcoin
In the meantime...
http://technode.com/2013/12/17/alipay-and-tenpay-terminate-payment-and-clearing-services-for-bitcoin
December 17, 2013, 07:08:27 AM
you can still send your fiat instantly with no fees to the exchange and buy bitcoins, same thing other way around, in china, am i correct?
Well, I just checked my BTChina account because there would be some lovely arb opportunities if you could get fiat on there from overseas but it looks very much like the only options are via banks in mainland China. I asked them last month about HK banks and they said no. So, getting funds in from o/s looks difficult.
Where's Bitpirate? I'd be interested in his take on things and how its impacted on rmbtb.com
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