Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 31031.

QuestionAuthority

legendary

Activity: 2156

Merit: 1393

You lead and I'll watch you walk away.

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.

I may as well at this point.

Spaceman_Spiff

legendary

Activity: 1638

Merit: 1001

₪``Campaign Manager´´₪

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.

crazy_rabbit

legendary

Activity: 1204

Merit: 1002

RUM AND CARROTS: A PIRATE LIFE FOR ME

Quote from: N12 on December 16, 2013, 02:13:13 PM

Quote from: N12 on December 07, 2013, 12:40:38 PM

Quote from: windjc on December 07, 2013, 12:35:16 PM

Anybody find it VERY interesting that BTCChina is more resistant to the downtrend and at a fairly higher price than the other exchanges.

Seems like a disconnect to me. If this rally is predicated on China's bitcoin policies, then why are the chinese less bearish right now?

There is a possibility that the Chinese payment processors/banks are no longer willing or able to interface with the exchanges, and thus, CNY could be trapped and ultimately worthless, leading to a complete decoupling of the Chinese exchanges. Endgame would be that all bitcoins are withdrawn and there are no more trades.

It's something I am watching, anyway.

Watching.

Looks like this may be the situation. The bad news looks to be true, and not just rumour.

http://tech.sina.com.cn/it/2013-12-17/01139011174.shtml#483253-tsina-1-18627-1cf60a7c37a7bc296a2ba7aba0120190

The google translation isn't great, but it's obvious there isn't any upside. I think people are going to be thinking about withdrawing BTC (Is there a 10BTC limit?) to send their BTC elsewhere.

Also, there was a big theft reported in the Chinese forums from OKCoin.

Quote from the article: "Bitcoin bleak future in China?" Google Translate is pulling no punches.

seriouscoin

hero member

Activity: 658

Merit: 500

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?

adamstgBit

legendary

Activity: 1904

Merit: 1037

Trusted Bitcoiner

Quote from: N12 on December 16, 2013, 02:13:13 PM

Quote from: N12 on December 07, 2013, 12:40:38 PM

Quote from: windjc on December 07, 2013, 12:35:16 PM

Anybody find it VERY interesting that BTCChina is more resistant to the downtrend and at a fairly higher price than the other exchanges.

Seems like a disconnect to me. If this rally is predicated on China's bitcoin policies, then why are the chinese less bearish right now?

There is a possibility that the Chinese payment processors/banks are no longer willing or able to interface with the exchanges, and thus, CNY could be trapped and ultimately worthless, leading to a complete decoupling of the Chinese exchanges. Endgame would be that all bitcoins are withdrawn and there are no more trades.

It's something I am watching, anyway.

Watching.

its all hear say atm

but they said they would allow poeple to withdraw but not depist

which is basically saying, its over for BTCCHINA

smells fishy....

N12

donator

Activity: 1610

Merit: 1010

Quote from: N12 on December 07, 2013, 12:40:38 PM

Quote from: windjc on December 07, 2013, 12:35:16 PM

Anybody find it VERY interesting that BTCChina is more resistant to the downtrend and at a fairly higher price than the other exchanges.

Seems like a disconnect to me. If this rally is predicated on China's bitcoin policies, then why are the chinese less bearish right now?

There is a possibility that the Chinese payment processors/banks are no longer willing or able to interface with the exchanges, and thus, CNY could be trapped and ultimately worthless, leading to a complete decoupling of the Chinese exchanges. Endgame would be that all bitcoins are withdrawn and there are no more trades.

It's something I am watching, anyway.

Watching.

oda.krell

legendary

Activity: 1470

Merit: 1007

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

mmitech

legendary

Activity: 1148

Merit: 1001

things you own end up owning you

Quote from: Pompobit on December 16, 2013, 02:07:22 PM

already passed?

http://www.coindesk.com/cameron-winklevoss-bitcoin-price-40k/

sure, but not today my friend, buy and wait for that to happen.

adamstgBit

legendary

Activity: 1904

Merit: 1037

Trusted Bitcoiner

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.

QuestionAuthority

legendary

Activity: 2156

Merit: 1393

You lead and I'll watch you walk away.

Quote from: seriouscoin on December 16, 2013, 02:05:30 PM

Quote from: Spaceman_Spiff on December 16, 2013, 02:00:55 PM

Quote from: Vigil on December 16, 2013, 01:59:53 PM

How does the Chinese government proclaim to everyone through government videos, the great and amazing Bitcoin, only to outlaw its use a few months later?

I think they like bitcoin as a reserve currency versus the USD, but not as an escape against capital controls. So they want to make sure they have all the info on people holding them.

Thats right.... thats why they will remove btc from being used as currency (no tax evasion)

Then remove 3rd party payment system.... easier to check/trace identities.

Heck did you guys know in China, registering ISP account requires government ID?

Even using public internet requires government ID....

Of course, fucking and making too many babies requires a government ID.

Pompobit

hero member

Activity: 736

Merit: 508

already passed?

http://www.coindesk.com/cameron-winklevoss-bitcoin-price-40k/

Spaceman_Spiff

legendary

Activity: 1638

Merit: 1001

₪``Campaign Manager´´₪

Quote from: Vigil on December 16, 2013, 02:02:06 PM

Quote from: Spaceman_Spiff on December 16, 2013, 02:00:55 PM

Quote from: Vigil on December 16, 2013, 01:59:53 PM

How does the Chinese government proclaim to everyone through government videos, the great and amazing Bitcoin, only to outlaw its use a few months later?

I think they like bitcoin as a reserve currency versus the USD, but not as an escape against capital controls. So they want to make sure they have all the info on people holding them.

They have told merchants that they are not allowed to price their goods in Bitcoin... nor can people purchase bitcoin through their bank accounts. What then is the point?

Are banks "third party payment companies"? Or do they just mean stuff like dwolla, paypal, okpay or whatever the equivalent in China is?

mmitech

legendary

Activity: 1148

Merit: 1001

things you own end up owning you

Quote from: Vigil on December 16, 2013, 02:03:11 PM

Quote from: UnDerDoG81 on December 16, 2013, 02:02:15 PM

Quote from: mmitech on December 16, 2013, 02:00:36 PM

I think another dump will follow soon, we might visit 500 till tomorrow

You are trying hard to force people to sell, aren´t you? What happened? Sold too cheap? Hoping to buy cheap coins back?

You guys say this crap every time bitcoin has continued to fall since $1250.

yes price dropp to 1100 people here " we will break ATH and further" than price 1000 and the same thing than price 900 and the same thing, people dont want to realize that we went from 100 to 1240 only in two months, this is damn fast if you ask me...

yes sure price did re-bounce back few times, but if you zoom out and look to the charts, we are correcting, slowly dropping and people are starting to realize that.

now I wish I am wrong, I still want to see my BTC worth even more.

Richy_T

legendary

Activity: 2674

Merit: 2373

1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k

Quote from: CryptStorm on December 16, 2013, 12:37:34 PM

I agree that the trappists are too molasses-y, pils are great in the summer, as are wheats (yum!), and ipa's are always welcome (hoppy good floral yum yum). What's not to love about a great stout or even a really nice brown or red ale, here and there. I'm not as keen on the whites (Belgian Allagash etc), but they're nice too.

I could quite happily drink this beer forever. Impossible to find in Tennessee, unfortunately.

seriouscoin

hero member

Activity: 658

Merit: 500

Quote from: Spaceman_Spiff on December 16, 2013, 02:00:55 PM

Quote from: Vigil on December 16, 2013, 01:59:53 PM

How does the Chinese government proclaim to everyone through government videos, the great and amazing Bitcoin, only to outlaw its use a few months later?

I think they like bitcoin as a reserve currency versus the USD, but not as an escape against capital controls. So they want to make sure they have all the info on people holding them.

Thats right.... thats why they will remove btc from being used as currency (no tax evasion)

Then remove 3rd party payment system.... easier to check/trace identities.

Heck did you guys know in China, registering ISP account requires government ID?

Even using public internet requires government ID....

QuestionAuthority

legendary

Activity: 2156

Merit: 1393

You lead and I'll watch you walk away.

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

adamstgBit

legendary

Activity: 1904

Merit: 1037

Trusted Bitcoiner

Quote from: mb300sd on December 16, 2013, 02:01:16 PM

Quote from: Vigil on December 16, 2013, 01:59:53 PM

How does the Chinese government proclaim to everyone through government videos, the great and amazing Bitcoin, only to outlaw its use a few months later?

Some official buys... pumps it for all its worth, and sells just before the higher ups say no.

agreed wtf... i dont knwo what to think anymore....

NewLiberty

legendary

Activity: 1204

Merit: 1002

Gresham's Lawyer

Quote from: San1ty on December 16, 2013, 12:17:53 PM

Quote from: spooderman on December 16, 2013, 12:10:46 PM

Quote from: crazy_rabbit on December 16, 2013, 12:05:18 PM

Quote from: San1ty on December 16, 2013, 11:53:09 AM

Quote from: TheCoinBull on December 16, 2013, 11:41:41 AM

Why does everyone hate Heineken.

It's one of the worst beers in the world that barely deserves the name beer.
If you have any respect for your taste buds you should limit yourself to Belgian beers and a select few from other countries.

There is only ONE good beer coming from the Netherlands and thats La Trappe.

Here's a tip, if you have any respect for Bitcoin, the next time one of the largest consumer brands in the world decides to help us out, instead of shit talking their product why don't you just smile, suck it up, and take one for the team.

Lol

Three issues with this post:

1. They did what they're doing for profit, not to help us out. Bitcoin is wonderful for merchants.
2. The idea that a company as large as this would read this forum and get butthurt and then change their "mind" is LOL.
3. It's genuinely a horrible beer.

Sorry sometimes we all have to troll.

Agreed, the team will do just fine without Heineken. Sorry, I can't change my mind, it's truly horrible...

/Forgive me!

McDonalds is not great food either, but if they accepted bitcoin, would that be so bad?
Walmart is not always the highest quality....

Lots of intJ here. so heavy on the judgement that even good things are bad.

Coma

full member

Activity: 140

Merit: 100

Quote from: adamstgBit on December 16, 2013, 01:44:02 PM

Quote from: jojo69 on December 16, 2013, 01:40:53 PM

better than television, I tell ya

i pay good money for cable, i dont use it, i have more fun here

3

Are you really paying cable with crypto? Huh

Wekkel

legendary

Activity: 3122

Merit: 1538

yes

If Bitcoin has something valuable to add, this thing is and will remain a mere blip in the total run up to $40,000 (as per the Winklevoss small bull scenario). BTC suprised us before, and it will again.

Hold for the longest time.

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 31031. (Read 26712846 times)