Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 31028.

seldon

sr. member

Activity: 353

Merit: 250

Quote from: QuestionAuthority on December 16, 2013, 02:35:22 PM

Quote from: adamstgBit on December 16, 2013, 02:32:15 PM

Quote from: Spaceman_Spiff on December 16, 2013, 02:18:17 PM

If I were chinese I would buy the BTC, withdraw, and then sell OTC, since there won't be any other ways for getting BTC for chinese people in the future.

if no new money can flow into btcchina, but people can still withdraw money, btcchina is going to near 0. and some luck chinese guy will buy everyone bitcoin really cheap b4 btcchina is forced to close its doors.

this is going to be brutal...

I hope Goat is still asleep. That bastard will buy it all before we get a chance.

he did get a good price on that lambo..

adamstgBit

legendary

Activity: 1904

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Trusted Bitcoiner

Quote from: adsdas on December 16, 2013, 02:38:41 PM

Bitcoin is officially dead! Time to move on with our lives!

but bitcoin was my life!

Krabby

sr. member

Activity: 644

Merit: 250

https://primedao.eth.link/#/

Why did I have to put my money into a manual NXT exchange Cry

jojo69

legendary

Activity: 3388

Merit: 4775

diamond-handed zealot

lol

adsdas

sr. member

Activity: 337

Merit: 250

https://streamies.io/

Bitcoin is officially dead! Time to move on with our lives!

oda.krell

legendary

Activity: 1470

Merit: 1007

Quote from: windjc on December 16, 2013, 02:25:24 PM

Quote from: crazy_rabbit on December 16, 2013, 02:19:49 PM

Quote from: Spaceman_Spiff on December 16, 2013, 02:18:17 PM

If I were chinese I would buy the BTC, withdraw, and then sell OTC, since there won't be any other ways for getting BTC for chinese people in the future.

Who is going to buy your BTC? It's not like they can give you a crappy rate and turn around and sell them on the exchanges, can they? We were silly to be so gung how about China in the first place.

Well this is worse case scenario.

And ideally we all would have loved for China to help bitcoin reach new heights. But, I put up a poll just 2 weeks ago, asking what would happen if bitcoin got banned in China. I put up that poll because it just felt wrong to have China so bullish on bitcoin. Its a communist state. China are copiers, not innovators. America is an innovator. That is what we do.

So, worst case scenario bitcoin lives without China now. Long term I think this is just fine.

I call bullshit on the "Chinese are copiers, American's are innovators". That's exactly what Europe said about the US ~100 years ago. Took a while, then the US became an innovator itself. Will be exactly the same with China, only faster IMO.

Anyway, let's be realistic about China's influence on price, and what it all means for us:

I don't buy the narrative that the entire wave up from 125 USD (bitstamp) was due to the Chinese miracle, but it was a large factor.

So realistically, anything above the April's ATH of ~250 is a gift. And I don't even see us going that low quite yet (although 500 is a real option, I'd say)

adamstgBit

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Quote from: Tzupy on December 16, 2013, 02:34:29 PM

Quote from: adamstgBit on December 16, 2013, 02:32:15 PM

Quote from: Spaceman_Spiff on December 16, 2013, 02:18:17 PM

If I were chinese I would buy the BTC, withdraw, and then sell OTC, since there won't be any other ways for getting BTC for chinese people in the future.

if no new money can flow into btcchina, but people can still withdraw money, btcchina is going to near 0. and some luck chinese guy will buy everyone bitcoin really cheap b4 btcchina is forced to close its doors.

this is going to be brutal...

And then they'll dump the coins on Western exchanges. That's going to hurt too...

not before Western exchanges have already dropped alot to price in this calamity

omg this is so bad.

adamstgBit

legendary

Activity: 1904

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Trusted Bitcoiner

Quote from: QuestionAuthority on December 16, 2013, 02:35:22 PM

Quote from: adamstgBit on December 16, 2013, 02:32:15 PM

Quote from: Spaceman_Spiff on December 16, 2013, 02:18:17 PM

If I were chinese I would buy the BTC, withdraw, and then sell OTC, since there won't be any other ways for getting BTC for chinese people in the future.

if no new money can flow into btcchina, but people can still withdraw money, btcchina is going to near 0. and some luck chinese guy will buy everyone bitcoin really cheap b4 btcchina is forced to close its doors.

this is going to be brutal...

I hope Goat is still asleep. That bastard will buy it all before we get a chance.

oh this sucks
this sucks bad.

TheCoinBull

full member

Activity: 126

Merit: 100

Just cashed out 3k for now

QuestionAuthority

legendary

Activity: 2156

Merit: 1393

You lead and I'll watch you walk away.

Quote from: adamstgBit on December 16, 2013, 02:32:15 PM

Quote from: Spaceman_Spiff on December 16, 2013, 02:18:17 PM

If I were chinese I would buy the BTC, withdraw, and then sell OTC, since there won't be any other ways for getting BTC for chinese people in the future.

if no new money can flow into btcchina, but people can still withdraw money, btcchina is going to near 0. and some luck chinese guy will buy everyone bitcoin really cheap b4 btcchina is forced to close its doors.

this is going to be brutal...

I hope Goat is still asleep. That bastard will buy it all before we get a chance.

SheHadMANHands

legendary

Activity: 1168

Merit: 1000

Party is over! Sell your bitcoins and run for cover!

Someone is going to make a killing off this dip. Down 25% due to a rumor about a dictatorship 1/2 way around the world, where you couldn't buy anything with BTC anyway.

Tzupy

legendary

Activity: 2170

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Quote from: adamstgBit on December 16, 2013, 02:32:15 PM

Quote from: Spaceman_Spiff on December 16, 2013, 02:18:17 PM

If I were chinese I would buy the BTC, withdraw, and then sell OTC, since there won't be any other ways for getting BTC for chinese people in the future.

if no new money can flow into btcchina, but people can still withdraw money, btcchina is going to near 0. and some luck chinese guy will buy everyone bitcoin really cheap b4 btcchina is forced to close its doors.

this is going to be brutal...

And then they'll dump the coins on Western exchanges. That's going to hurt too...

mb300sd

legendary

Activity: 1260

Merit: 1000

Drunk Posts

Quote from: N12 on December 16, 2013, 02:23:05 PM

Quote from: crazy_rabbit on December 16, 2013, 02:19:49 PM

We were silly to be so gung how about China in the first place.

Yes, we were.

I predict a massive rise in anti-Chinese sentiment among younger geeks in Europe and North America as this bear market unfolds.

I have nothing against the Chinese people. But FUCK YOUR GOVERNMENT! Overthrow that shit already, theres way more of you.

jojo69

legendary

Activity: 3388

Merit: 4775

diamond-handed zealot

Quote from: 11ams on December 16, 2013, 02:31:29 PM

After factoring the news from China into the stages of a bubble model and extrapolating, I've come to the following conclusion:

post of the day

adamstgBit

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Trusted Bitcoiner

Quote from: Spaceman_Spiff on December 16, 2013, 02:18:17 PM

If I were chinese I would buy the BTC, withdraw, and then sell OTC, since there won't be any other ways for getting BTC for chinese people in the future.

if no new money can flow into btcchina, but people can still withdraw money, btcchina is going to near 0. and some luck chinese guy will buy everyone bitcoin really cheap b4 btcchina is forced to close its doors.

this is going to be brutal...

N12

donator

Activity: 1610

Merit: 1010

Quote from: crazy_rabbit on December 16, 2013, 02:29:05 PM

Quote from: mmitech on December 16, 2013, 02:28:03 PM

3800 and still counting down

A dead cat bounce down the stairs. There seems to be discussion that you can still withdraw your funds from exchanges, you just can't fund them. So we might be seeing people just cashing out and calling it a day.

Damn. The Chinese exchanges are going to be completely emptied this week.

Farewell, China. It was nice while it lasted.

oda.krell

legendary

Activity: 1470

Merit: 1007

Quote from: seriouscoin on December 16, 2013, 02:17:09 PM

Quote from: oda.krell on December 16, 2013, 02:11:07 PM

Quote from: adamstgBit on December 16, 2013, 02:08:50 PM

Quote from: QuestionAuthority on December 16, 2013, 02:04:24 PM

Quote from: jojo69 on December 16, 2013, 02:02:15 PM

Quote from: QuestionAuthority on December 16, 2013, 01:57:39 PM

Quote from: crazy_rabbit on December 16, 2013, 01:53:34 PM

Quote from: QuestionAuthority on December 16, 2013, 01:48:42 PM

Does anyone have a link for the latest news from China? I'm a little groggy from an all night booze up.

Supposidly Chinese government has banned payment processors from working with Bitcoin exchanges. Leading to the "ok situation" where you can buy and sell bitcoins and withdraw your cash, but you can't put more cash back into the system. ( Huh

?)

http://www.coindesk.com/china-bans-payment-companies-working-bitcoin-exchanges-sources-claim/

Unfortunately, it seems to be shaping up to be true. :-(

Thanks

Shit, and because of the advice of you dumbasses I reserved half. Fuck!

teach you to listen to us

I should have known better. lol

I did it too...

so now we sell into this 20% drop???

F that, lets see how this plays out.

Probably not advisable. Sell into the rebound, then wait for the next leg down Cheesy

Until you realise you sell at the bottom and that rebound keeps going up.....

Easy profit as they say?

Not to be a dick, but do you really think we're done with this correction? Not today, I mean, but in the coming weeks?

11ams

newbie

Activity: 56

Merit: 0

After factoring the news from China into the stages of a bubble model and extrapolating, I've come to the following conclusion:

https://i.imgur.com/eup4OKl.jpg

macsga

legendary

Activity: 1484

Merit: 1002

Strange, yet attractive.

Wow! I *REALLY* hope you people didn't sell off your coins... Shocked

mmitech

legendary

Activity: 1148

Merit: 1001

things you own end up owning you

Quote from: crazy_rabbit on December 16, 2013, 02:29:05 PM

Quote from: mmitech on December 16, 2013, 02:28:03 PM

3800 and still counting down

A dead cat bounce down the stairs. There seems to be discussion that you can still withdraw your funds from exchanges, you just can't fund them. So we might be seeing people just cashing out and calling it a day.

well it will take us log time to recover, so I am not worried about missing to buy back...

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