Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 31066.

seleme

legendary

Activity: 2772

Merit: 1028

Duelbits.com

Quote from: accord01 on December 16, 2013, 06:10:20 AM

Quote from: seleme on December 16, 2013, 06:02:37 AM

It was just FUD attempt to cause same kind of panic that made a crash on December 7th.

How do you know it is FUD news? How could FUD news cause a 4000 coin wall to come down at 5000CNY? Is that whale really that stupid?

Simple, if it wasn't FUD it would go down twice as faster as it was when first China's government news came out. It's worse news than initial one.

Whales wanted to take an opportunity by initiating panic, it didn't happen. Shit happens.

kurious

legendary

Activity: 2604

Merit: 1748

Quote from: spooderman on December 16, 2013, 06:04:47 AM

back up! Lovely

edit: on gox that is....

edit 2: was the 870 wall eaten or pulled? Hope whoever that manipulative whale was is having to buy back now.

Pussy bear pulled it, no sense in losing even more coin

accord01

full member

Activity: 238

Merit: 100

Quote from: seleme on December 16, 2013, 06:02:37 AM

It was just FUD attempt to cause same kind of panic that made a crash on December 7th.

How do you know it is FUD news? How could FUD news cause a 4000 coin wall to come down at 5000CNY? Is that whale really that stupid?

BitThink

legendary

Activity: 882

Merit: 1000

IMHO, most likely that's a false news.

No bank and payment services for exchanges simply means killing all exchanges, then it makes the previous official announcement (allow people trading BTC as virtual commodity and add more regulation to existing exchanges) a joke.

More likely the original version of the news is just reiterating that banks and payment institutions cannot use BTC in their accounting, and someone spread the false version for their own interest.

bito

newbie

Activity: 57

Merit: 0

Quote from: kurious on December 16, 2013, 05:55:40 AM

Whoever made the move - put that 870 wall in to put a little lid on it...

A few coins to take the world markets down this much is cheap for a manipulator.

But the market is way bigger than this move.

People will not want to sell at much below here, but they will want to buy.

HOLD.

The 621 coins that were at 870 were pulled after about 15 coins were bought into it. These coins mysteriously appeared when the 621 coins that had been at 915 for quite a while disappeared.

I call a bear trap.

EDIT: On gox

kurious

legendary

Activity: 2604

Merit: 1748

Quote from: seleme on December 16, 2013, 06:02:37 AM

It was just FUD attempt to cause same kind of panic that made a crash on December 7th.

+1

spooderman

legendary

Activity: 1680

Merit: 1045

back up! Lovely

edit: on gox that is....

edit 2: was the 870 wall eaten or pulled? Hope whoever that manipulative whale was is having to buy back now.

seleme

legendary

Activity: 2772

Merit: 1028

Duelbits.com

It was just FUD attempt to cause same kind of panic that made a crash on December 7th.

kurious

legendary

Activity: 2604

Merit: 1748

EVERYONE CHILL OUT!

We have not even gone back to yesterday's low yet.

If China news was that drastic - it would be carnage.

It isn't! It's bears - and little ones at that - playing with a nervy market.

You want to give Rpietila and his like the last laugh?

Go ahead MAKE HIS DAY.

ChartBuddy

legendary

Activity: 2380

Merit: 1823

1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

tutkarz

hero member

Activity: 546

Merit: 501

Quote from: BitThink on December 16, 2013, 05:57:24 AM

If no bank and payment institutions can provide services to BTCChina, how could people freely trade BTC as virtual commodity on the exchanges? That does not make sense to me.

we have to figure this one out anyway because banks are not going to help us grow forever.

seriouscoin

hero member

Activity: 658

Merit: 500

Quote from: BitThink on December 16, 2013, 05:57:24 AM

If no bank and payment institutions can provide services to BTCChina, how could people freely trade BTC as virtual commodity on the exchanges? That does not make sense to me.

They probably dont know how to regulate btc so they want to stop the capital leaking.

seleme

legendary

Activity: 2772

Merit: 1028

Duelbits.com

If that was real news, the price would be at 3000 yuan or so now.

Don't be dumb people and fail on FUD news.

BitThink

legendary

Activity: 882

Merit: 1000

If no bank and payment institutions can provide services to BTCChina and other exchanges, how could people freely trade BTC as virtual commodity on the exchanges? That does not make sense to me. Nonetheless, sometimes the Chinese government does do something making no sense.

Anyway, no confirmation up till now and the original post has been deleted and it seems it is a false news (or a leaked news, who knows).

tutkarz

hero member

Activity: 546

Merit: 501

Quote from: kurious on December 16, 2013, 05:55:40 AM

Whoever made the move - put that 870 wall in to put a little lid on it...

A few coins to take the world markets down this much is cheap for a manipulator.

But the market is way bigger than this move.

People will not want to sell at much below here, but they will want to buy.

HOLD.

good advice, price my jump back fast

kurious

legendary

Activity: 2604

Merit: 1748

Quote from: seriouscoin on December 16, 2013, 05:52:52 AM

Quote from: TERA on December 16, 2013, 05:49:55 AM

What the hell? China is 10% lower from the low of last night while all the other exchanges drop to 1% HIGHER than the low of last night.

Chinese government is about to announce that they prohibit banks from doing services with exchanges. I bet the officials are dumping coins.

Back this up please?

kurious

legendary

Activity: 2604

Merit: 1748

Whoever made the move - put that 870 wall in to put a little lid on it...

A few coins to take the world markets down this much is cheap for a manipulator.

But the market is way bigger than this move.

People will not want to sell at much below here, but they will want to buy.

HOLD.

Lady_Luck

newbie

Activity: 18

Merit: 0

Quote from: TERA on December 16, 2013, 05:49:55 AM

What the hell? China is 10% lower from the low of last night while all the other exchanges drop to 1% HIGHER than the low of last night.

I think it's because they didn't retrace as much as Gox/stamp during the up-move, so since PA were closer to the support level it was easier to start from there. but still, I agree, it's strange. Mostly since Gox has a "spread away" bid wall. Anyway, we getting closer to $841 there, then it should catch-up with China.

gizmoh

legendary

Activity: 1428

Merit: 1000

Quote from: TERA on December 16, 2013, 05:49:55 AM

What the hell? China is 10% lower from the low of last night while all the other exchanges drop to 1% HIGHER than the low of last night.

They are doing their own thing succumbing to that fud news maybe???. If this news turns out to be true, then the west will follow accordingly.

seriouscoin

hero member

Activity: 658

Merit: 500

Quote from: TERA on December 16, 2013, 05:49:55 AM

What the hell? China is 10% lower from the low of last night while all the other exchanges drop to 1% HIGHER than the low of last night.

Chinese government is about to announce that they prohibit banks from doing services with exchanges. I bet the officials are dumping coins.

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 31066. (Read 26713602 times)