Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 30985. (Read 26711315 times)

+1 To all good things about this idea. I can build things, actual things... like houses and furniture-- I'm basically a sustainable carpenter/builder who's switching into coding, as I've gotten bored of building (kinda). I could put together a nice natural compound FWIW.

250 sell vs 580 buy.. big bang .. jumping around

Ya here's a mind boggling explanation of how they were doing this with copper.......

http://www.zerohedge.com/news/2013-05-23/bronze-swan-arrives-end-copper-financing-chinas-lehman-event

Well keep us in the loop a btc pool to start a new civilization sounds like fun. Wasn't suggesting the Island had to be in Canada ..but let choose somewhere safe from most global warming and tsunami's not caused by meteors bigger the a football field hitting the ocean.

I spend too much time on this site. One day you'll get me there bitcoin... one day... http://www.privateislandsonline.com/regions/canada/islands?direction=ASC&page=1&sort=price

I do not like this bounce. It is again based off trading on btcChina. And this time there weren't even large walls and buying on gox like last time.

+1 Few seem to understand how sensible is this analogy.

As of now we know nothing for certain. but its most likely with the style of enforcement the Chinese government is known for, we should expect at least the tightening of the leash on these exchanges which is my opinion. A tightening of regulations which has happened pretty much anywhere a country has come to except BTC as a form of currency and or commodity.

What happen with the $700 wall do tou think its going to be broken and going down or maybe we are going to rebound and going up now?

I'll just leave this here:

Chinese appetite for Australian residential property hits $5.4 billion as demand for luxury property rises

The value of Australian residential property purchased by Chinese-based buyers reached $5.4 billion in the 2013 financial year, according to figures from Chinese property portal Juwai.com.

This is around a 25% increase on US$4 billion ($4 billion to $4.2 billion in local currency) of Australian property purchased by Chinese buyers in 2011.

"Chinese make up the fastest growing buyer group in an otherwise relatively slow Australian real estate market,” says Simon Henry, co-CEO of Juwai.com.

http://www.propertyobserver.com.au/china-watch/

Let's imagine for a second that BTCChina is shutting down*.  So the small fish start to panic and sell their coins, like they've been doing all day.  But for every coin that gets sold, one also gets bought.  So who is buying?  I would expect it to be long-term bulls and insiders who knew about this move in advance.  

So the question is what are these people going to do with these coins since they can no longer sell them in China?  I would argue that they would actually behave more like "strong hands" and consider them a diversified asset outside the reach of the Chinese gov (just like how wealthy mid-level Chinese come to Vancouver and buy expensive real-estate with questionable funds).  I really can't see them dumping the coins on BitStamp and then wiring the proceeds back into the Chinese money-prison.  In other words, although BTCChina shutting down would reduce demand, it would also reduce supply.  

Over the next year, the price continues to rise and the Chinese holding these bitcoin do well since they have funds they can enjoy internationally outside the watching eye of the communist party.  Their friends soon become jealous and want in on the game, increasing demand.  Meanwhile, the sheep that are panic selling now realize they were fleeced and promise not to let this happen again.  

Maybe I'm blinded by my bullishness, but, once again, I see this as anti-fragility in action.  

*I think people can still deposit/withdraw via bank transfer

I know this got buried, but Goat at least 2 people are willing to vote you for El Presidente of your own Island lol I'll pitch some btc if were getting a share of the island

Good Morning!!!

Oh i'm sure it's possible and that's how it's been done for some time before BTC to get around currency controls. If there's enough arbitrage opportunity someone will take advantage of it. e.g. buy gold in CNY go to Hong Kong sell for CNH etc...

I wont lie in any panic mode sell off I can only think of why the fuck are people such sheep, then I remember why and remember it's what will make us rich cause we held. Or like Adam bought on dips I don't think were done with this.. but if Wednesday has euro zone agreements get ready for mars.

Its 1PM in China. BTC-e China 3800. Mt. Gox 700 Still lol. Bitstamp 660... Need I say more. The Asians who are still in will always be in because they understand the fundamentals. Suckers sold, an have hopefully lost enough to gain some sense.

Exactly so Bitcoin won't help them with that since sellers still need to pull cny out of the country somehow and that's not possible.  I wonder if there's a way to use that currency to purchase goods for export.

On the day when China goes to the Moon

http://news.bbcimg.co.uk/media/images/71745000/jpg/_71745914_020346695-1.jpg

it stops BTC momentum dead in it's tracks.

http://news.bbcimg.co.uk/media/images/71745000/jpg/_71745916_020343580-1.jpg

Quit hogging all the Moon China!

http://www.bbc.co.uk/news/science-environment-25356603

Btw, does anyone knows what happened to that Chinese factory that was accepting payments in Bitcoin for building ASIC chips? (i forgot which company had that deal)