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Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 31062. (Read 26713566 times)

full member
Activity: 238
Merit: 100
I think we might visit 650 today, even if this turn out to be only FUD, it may make some early adopters think about collecting some profits, I am starting to think about cashing half of my bitcoins out, better something than nothing....

so you think we're maybe going to 650 and that's the reason to sell 50%? so you're selling 50% because you could have 825/660 = 20% of win in best case scenario? meaning 10% more to your coins and with how big risks?

big support is at 800 and market is oversold at the moment, just a good spot to give your coins to the whales who started this dip

well I bought my coins between $10-130 so yes I am willing to take that risk, I already sold, if the price gonna crash more I will have the chance to get more coins, and if the price will skyrocket it wont be that disappointing.

that been said, I didn't sell at 1200+ I didn't sell at 1000 and I didn't sell at 900, but watching the price dropping slowly makes me think it is good to take some profit now than regret it later .

i bought before $20 but that doesnt mean anything, that was past, ahead is the future, in this case the risk is way bigger than the possible gain so im sry for your likely loss
hero member
Activity: 658
Merit: 500

well I bought my coins between $10-130 so yes I am willing to take that risk, I already sold, if the price gonna crash more I will have the chance to get more coins, and if the price will skyrocket it wont be that disappointing.

that been said, I didn't sell at 1200+ I didn't sell at 1000 and I didn't sell at 900, but watching the price dropping slowly makes me think it is good to take some profit now than regret it later .

You do realise how illogical this is?

maybe for you yes, but waiting for a recover is making me more nervous, now I feel a bit relief, but you do whatever you want, you do not have to agree on anything I say....

There is still a HUGE chance this is a manipulating move and a BIG bears trap.

Why can bears just turn Panda and Bulls just turn Mule?


Dont panic trade is what i advise.
legendary
Activity: 1428
Merit: 1000
One thought about the 0.3% fee:

1. Clearly BTCChina knows some shit is coming.
2. How about all those HFT bots that have been programmed with the assumption that fees are 0%?  Someone is going to get burned, badly. Grin

Maybe they want to make some btc on the fees before closing down shop..
hero member
Activity: 658
Merit: 500
Why would the western whales dump?

I say FUCK CHINA. We know btc in Communist countries is a big NO NO. Lets move to India ..... where btc will shine for all the good reasons.

If btc stays in China, its just gonna be speculative trading vehicle.... where they will cause volatility.


At this stage, we dont want volatility.... we need market adoption to utilize BTC technology.


India won't be friendly towards bitcoin

I agree. We should probably focus on fixing the USA, the world will still follow our lead, and at least we have a democratic system where we have some chance at recourse.

Why would BTC has to rely on USA? Let me guess..... you're 'Merican?

Do you realize USA is the biggest scammer in fiat monetary system?
sr. member
Activity: 266
Merit: 250
GUYS forget India.

Quote me on this one. You heard it here first.

The next big emerging market is Brazil.

legendary
Activity: 1148
Merit: 1001
things you own end up owning you

well I bought my coins between $10-130 so yes I am willing to take that risk, I already sold, if the price gonna crash more I will have the chance to get more coins, and if the price will skyrocket it wont be that disappointing.

that been said, I didn't sell at 1200+ I didn't sell at 1000 and I didn't sell at 900, but watching the price dropping slowly makes me think it is good to take some profit now than regret it later .

You do realise how illogical this is?

maybe for you yes, but waiting for a recover is making me more nervous, now I feel a bit relief, but you do whatever you want, you do not have to agree on anything I say....
newbie
Activity: 57
Merit: 0
Can we have a source for the 0.3%?
hero member
Activity: 728
Merit: 500
One thought about the 0.3% fee:

1. Clearly BTCChina knows some shit is coming.
2. How about all those HFT bots that have been programmed with the assumption that fees are 0%?  Someone is going to get burned, badly. Grin
hero member
Activity: 658
Merit: 500
Why would the western whales dump?

I say FUCK CHINA. We know btc in Communist countries is a big NO NO. Lets move to India ..... where btc will shine for all the good reasons.

If btc stays in China, its just gonna be speculative trading vehicle.... where they will cause volatility.


At this stage, we dont want volatility.... we need market adoption to utilize BTC technology.


India won't be friendly towards bitcoin

I say otherwise,

India is quite corrupted.... bribes are everywhere. And bitcoin is anonymous...... Good

Majority of Indians use cellphones because the plans are cheapest in the world. Majority of local business dont accept CC due to .... lacks of credit system = higher fee....... Good
legendary
Activity: 2604
Merit: 1748

well I bought my coins between $10-130 so yes I am willing to take that risk, I already sold, if the price gonna crash more I will have the chance to get more coins, and if the price will skyrocket it wont be that disappointing.

that been said, I didn't sell at 1200+ I didn't sell at 1000 and I didn't sell at 900, but watching the price dropping slowly makes me think it is good to take some profit now than regret it later .

You do realise how illogical this is?
legendary
Activity: 1148
Merit: 1001
things you own end up owning you
I think we might visit 650 today, even if this turn out to be only FUD, it may make some early adopters think about collecting some profits, I am starting to think about cashing half of my bitcoins out, better something than nothing....

so you think we're maybe going to 650 and that's the reason to sell 50%? so you're selling 50% because you could have 825/660 = 20% of win in best case scenario? meaning 10% more to your coins and with how big risks?

big support is at 800 and market is oversold at the moment, just a good spot to give your coins to the whales who started this dip

well I bought my coins between $10-130 so yes I am willing to take that risk, I already sold, if the price gonna crash more I will have the chance to get more coins, and if the price will skyrocket it wont be that disappointing.

that been said, I didn't sell at 1200+ I didn't sell at 1000 and I didn't sell at 900, but watching the price dropping slowly makes me think it is good to take some profit now than regret it later .
legendary
Activity: 1204
Merit: 1002
RUM AND CARROTS: A PIRATE LIFE FOR ME
Why would the western whales dump?

I say FUCK CHINA. We know btc in Communist countries is a big NO NO. Lets move to India ..... where btc will shine for all the good reasons.

If btc stays in China, its just gonna be speculative trading vehicle.... where they will cause volatility.


At this stage, we dont want volatility.... we need market adoption to utilize BTC technology.


India won't be friendly towards bitcoin

I agree. We should probably focus on fixing the USA, the world will still follow our lead, and at least we have a democratic system where we have some chance at recourse.
full member
Activity: 238
Merit: 100
Why would the western whales dump?

I say FUCK CHINA. We know btc in Communist countries is a big NO NO. Lets move to India ..... where btc will shine for all the good reasons.

If btc stays in China, its just gonna be speculative trading vehicle.... where they will cause volatility.


At this stage, we dont want volatility.... we need market adoption to utilize BTC technology.


The thing is, like 90% of this 145-1200 rally is caused by China, at least China jump started it.  So to say F china, means you also have to accept the correction that comes with it....
legendary
Activity: 1204
Merit: 1002
RUM AND CARROTS: A PIRATE LIFE FOR ME
Dear BTC China valued customer: To stabilize the recent turbulent Bitcoin market and minimize potential market manipulation, BTC China will end the 0% trading fee promotion, effective immediately, and revert to the 0.3% trading fee. We deeply apologize for the sudden change. BTC China, December 16, 2013

In response to a recent policy shift, BTC China now requires users to submit identification or passport number. Existing users will need to provide this information upon login. We apologize for any inconvenience. Please contact our QQ support if you have any problems

Well it's about time. I previously thought that 0% on trades would reduce volatility but I was wrong. It only encourages recklessness.
legendary
Activity: 2604
Merit: 1748
I suspect this is China going after arbers, the regulations looked like a tool against dirty dealings in the financial sector than against bitcoin and they're just as applicable to foreign banks/financial institutions as native ones. A manipulator cull would be nice Smiley
Have you seen the regulations?  Or an accurate translation of them?  I'm no fan of currency manipulators but it sounds like wishful thinking.

There's some fairly good and unbiased translations in a few threads here but they're hard to find amidst the trolling. The bitcoin foundation's lawyers had a good look at them, quick quote from a summary:

Quote
What the memo actually restricts is “Insurance companies and Banks from insuring, investing or trading” in Bitcoin. Additionally the memo is directing any “Exchanges” to register and follow the money laundering and identification guidelines.

Not got exact clarification on it but there's nothing in it restricting it to Chinese institutions so if any bank etc. trades on Chinese exchanges it looks like they're breaking the law.

As always 'buy the rumour, sell the news'  I think I have it the right way around now Wink
legendary
Activity: 854
Merit: 1000
Dear BTC China valued customer: To stabilize the recent turbulent Bitcoin market and minimize potential market manipulation, BTC China will end the 0% trading fee promotion, effective immediately, and revert to the 0.3% trading fee. We deeply apologize for the sudden change. BTC China, December 16, 2013

In response to a recent policy shift, BTC China now requires users to submit identification or passport number. Existing users will need to provide this information upon login. We apologize for any inconvenience. Please contact our QQ support if you have any problems

So, the recent Chinese "law" translated into exchanges requiring users to identify themselves! No big deal really!
sr. member
Activity: 378
Merit: 250
Super Smash Bros. Ultimate Available Now!
Why would the western whales dump?

I say FUCK CHINA. We know btc in Communist countries is a big NO NO. Lets move to India ..... where btc will shine for all the good reasons.

If btc stays in China, its just gonna be speculative trading vehicle.... where they will cause volatility.


At this stage, we dont want volatility.... we need market adoption to utilize BTC technology.


India won't be friendly towards bitcoin
legendary
Activity: 1680
Merit: 1014
Ok, I am partially back in at 802.50
Now let's see it crash further!  Grin
hero member
Activity: 665
Merit: 500
Why would the western whales dump?

I say FUCK CHINA. We know btc in Communist countries is a big NO NO. Lets move to India ..... where btc will shine for all the good reasons.

If btc stays in China, its just gonna be speculative trading vehicle.... where they will cause volatility.


At this stage, we dont want volatility.... we need market adoption to utilize BTC technology.


Sure, markets just have to come down first since China was the reason we saw these new highs.
hero member
Activity: 658
Merit: 500
Why would the western whales dump?

I say FUCK CHINA. We know btc in Communist countries is a big NO NO. Lets move to India ..... where btc will shine for all the good reasons.

If btc stays in China, its just gonna be speculative trading vehicle.... where they will cause volatility.


At this stage, we dont want volatility.... we need market adoption to utilize BTC technology.
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