Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 30995. (Read 26711510 times)
December 16, 2013, 09:07:48 PM
China still has currency export controls. Of course they are going to shut down BTC on the mainland. Maximum fiat withdrawal for mainlanders without guanxi is still USD50,000 per annum.
December 16, 2013, 09:07:12 PM
So only the Chinese government is allowed to work as a Bitcoin exchange in China now?
No, not quite what we said. But I'm sure they like your idea
Well, it seems that all the players in the chain (banks, exchanges, moneytransfers) are coming under pressure in one form or another. Remember in China you can't go "oh I disagree with this"...they drive over you in a tank. People are spooked and leaving the market. I imagine the manipulators have seen the situation and decided to take advantage further compounding the losses.
With christmas next week the market was always going to be weakened...my strategy (not particulalry imaginative I know) is to hold...don't accept losses, just remember this is BTC and by the end of March will prob be worth $2K.
December 16, 2013, 09:06:33 PM
There seems to be 0 fiatskis enterings BTChina. Almost out of fiat there (at the rate we are going).
December 16, 2013, 09:06:24 PM
I say the rest of the world votes China off the island.
December 16, 2013, 09:05:37 PM
This is so shizophrenic.
December 16, 2013, 09:04:13 PM
December 16, 2013, 09:03:32 PM
Pretty accurately describes how I feel right now...
https://www.youtube.com/watch?v=K2ku1A5Ox8U
Blame it onMtGoxchina
https://www.youtube.com/watch?v=K2ku1A5Ox8U
Blame it on
December 16, 2013, 09:02:59 PM
All your coin are belong to me.
December 16, 2013, 09:01:45 PM
December 16, 2013, 09:00:31 PM
December 16, 2013, 09:00:21 PM
So only the Chinese government is allowed to work as a Bitcoin exchange in China now?
No, not quite what we said. But I'm sure they like your idea
December 16, 2013, 08:59:29 PM
Not sure if most of the economy isn't going to end up owned by a gabbling addicted grandma or RPG raid party :/
Sorry, am I meant to be a 'gabbling addicted grandma'?
Actually I was thinking more along the lines of some Chinese grandma who has no idea what bitcoin is but her friends where playing so she bought some tokens. Or the Queen of England. Could be you of course, whales own this market and they feed off each other but good luck can make whales from anyone.
LOL...OK....I thought my secret was out for a minute
December 16, 2013, 08:59:00 PM
December 16, 2013, 08:57:30 PM
And Gox refusing to play along.
Nearly $200 spread between gox and BTC.
December 16, 2013, 08:57:05 PM
Thanks for the cheap coins y'all, I have a very happy client and several very angry ones.
Why angry? You did of course explain to them (before they bought) that this happens in bitcoin, right . . . ?
P.S. You didn't get any of my coins
December 16, 2013, 08:56:56 PM
i think the market has definitely confirmed that the china news is BAD
look at it go!!
look at it go!! December 16, 2013, 08:56:23 PM
So only the Chinese government is allowed to work as a Bitcoin exchange in China now?
No, not quite what we said. But I'm sure they like your idea
December 16, 2013, 08:56:13 PM
And Gox refusing to play along.
December 16, 2013, 08:54:17 PM
can't sleep
December 16, 2013, 08:54:09 PM
BTC-China is now at 3400 RMB, back at the Nov/18 level, before the First November Bubble.
It lost more than 50% since the Nov/30 peak (7600 RMB)
It lost more than 50% since the Nov/30 peak (7600 RMB)
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