Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 31151.

CryptStorm

full member

Activity: 126

Merit: 100

Quote from: micalith on December 05, 2013, 07:20:37 AM

I'm tempted to increase my profits form this by playing with the piggy-bears, but I don't have the balls for it, as a buy-back-in whale could run me over at any time

Yeah, those coins that just got dumped might be going... somewhere... hmmm, we've never seen this move before...

seleme

legendary

Activity: 2772

Merit: 1028

Duelbits.com

Shit, I had such a feeling it might drop before going to bed but went to bed without selling Sad

Got some alts for cheap though, hopefully it will rebound now.

kwest

sr. member

Activity: 476

Merit: 250

Last time the low was.. what, $795 over at stamp? I think we could go lower this time.

MicroFi

full member

Activity: 124

Merit: 100

Slipping down again ...

micalith

hero member

Activity: 894

Merit: 501

I'm tempted to increase my profits form this by playing with the piggy-bears, but I don't have the balls for it, as a buy-back-in whale could run me over at any time

maz

full member

Activity: 140

Merit: 100

Quote from: rpietila on November 12, 2013, 05:39:20 AM

Quote from: maz on November 12, 2013, 05:29:56 AM

First negative statement from Chinese government and it will be raining cheap coins. This 'china rally' looks good, feels like bitcoins going somewhere but the slightest sniff of the Chinese people feeling any sort of financial 'freedom' and the rug will be pulled from under them. In the long run this will probably be bad. Price will plummit, hobby investors who bought in at 300+ will see their investments dissapear. Not good for bitcoin.

Take us back to a pre-China steady incline, we will go
slower but stronger in the long run.

Damn that sounds a bit depressing.

It is your government that tries to take away the last vestiges of freedom from its people. China has been abused enough, and finally has a chance. And does not need your help, thank you.

Just gonna leave this here, little post made back at the beginning of November.....

CryptStorm

full member

Activity: 126

Merit: 100

Quote from: JimboToronto on December 05, 2013, 07:12:46 AM

Quote from: KieranJones1 on December 05, 2013, 06:54:09 AM

Lol. All the panic selling is by westerners who simply don't understand the news. At worst, this news means literally nothing for Bitcoin, and at best it'll result in a steep price climb once people actually comprehend the news from China.

Bingo.

In the meantime, let the little teddy bears have their picnic of wishful thinking. They'll be paying dearly for it.

The very fact that BTCChina essentially just got the "A-OK" from the government is insanely awesome.

gandhibt

full member

Activity: 238

Merit: 100

Quote from: rpietila on December 05, 2013, 07:10:10 AM

Quote from: gandhibt on December 05, 2013, 07:00:30 AM

Quote from: Rampion on December 05, 2013, 06:58:59 AM

Quote from: gandhibt on December 05, 2013, 06:50:05 AM

How much was dumped?

aprox: 30k on Gox, 27k on Stamp, 50k on BTChina

just around $100MM only on those three exchanges Cheesy

...pigs getting slaughtered

So whales saw the chance in news to cause panic and pushed the price a little bit and put bids to catch cheap coins?

That would be a gamble. Making a positive news feel negative by manipulated first reaction and then hope that there'll be a stampede. Very well executed if true. Besides in China you really have to have the coins to cause anything like that. Other excahnges followed like sheep...

Yep, you are probably right.

maz

full member

Activity: 140

Merit: 100

Quote from: KieranJones1 on December 05, 2013, 07:09:31 AM

Quote from: maz on December 05, 2013, 07:08:11 AM

Quote from: KieranJones1 on December 05, 2013, 07:05:53 AM

Quote from: maz on December 05, 2013, 07:04:28 AM

Quote from: Drabla on December 05, 2013, 07:01:50 AM

Wait a second.
Is this just the chinese version of the senate hearings, with almost the same (positiv) outcome but with none getting it because of google-translate-FU?

No it's not, but keep trying to fool yourself.

Please tell me, with complete 100% clarity (not just bullish hyperbole), why this is bad news for bitcoin.

I'm going to bet that you won't be able to do that.

I could sit and cite examples for you and give you an essay but I only do that for my self mate, how about you go do your own research. I'm not doing the hard work for you. If you cant see the wood for the tree's then hell mend you.

I'll translate this for everyone else:

"I have no idea"

No translate it as, im at work just now and I don't have time to draw you diagrams with crayons, do your own research.

JimboToronto

legendary

Activity: 4158

Merit: 4811

You're never too old to think young.

Quote from: KieranJones1 on December 05, 2013, 06:54:09 AM

Lol. All the panic selling is by westerners who simply don't understand the news. At worst, this news means literally nothing for Bitcoin, and at best it'll result in a steep price climb once people actually comprehend the news from China.

Bingo.

In the meantime, let the little teddy bears have their picnic of wishful thinking. They'll be paying dearly for it.

Drabla

member

Activity: 104

Merit: 10

Pecunia non olet

Quote from: maz on December 05, 2013, 07:04:28 AM

Quote from: Drabla on December 05, 2013, 07:01:50 AM

Wait a second.
Is this just the chinese version of the senate hearings, with almost the same (positiv) outcome but with none getting it because of google-translate-FU?

No it's not, but keep trying to fool yourself.

Not making a statement here. I just woke up and am trying to process the information about the situation ^^ Didn't even have my coffee yet

BitThink

legendary

Activity: 882

Merit: 1000

Quote from: justusranvier on December 05, 2013, 07:02:10 AM

Quote from: gandhibt on December 05, 2013, 06:59:41 AM

So this is good for common chinese folks, but not good for big chinese corps who want to invest, why is government doing something that is not good for big corps? This is not common in western world that's for sure. How is chinese government going to profit from this, from common folk?

Can Chinese corporations not invest in commodities?

In this notice, only financial institutions are forbidden to treat bitcoin as currency. Nobody is forbidden to buy/sell bitcoins.

rpietila

donator

Activity: 1722

Merit: 1036

Quote from: gandhibt on December 05, 2013, 07:00:30 AM

Quote from: Rampion on December 05, 2013, 06:58:59 AM

Quote from: gandhibt on December 05, 2013, 06:50:05 AM

How much was dumped?

aprox: 30k on Gox, 27k on Stamp, 50k on BTChina

just around $100MM only on those three exchanges Cheesy

...pigs getting slaughtered

So whales saw the chance in news to cause panic and pushed the price a little bit and put bids to catch cheap coins?

That would be a gamble. Making a positive news feel negative by manipulated first reaction and then hope that there'll be a stampede. Very well executed if true. Besides in China you really have to have the coins to cause anything like that. Other excahnges followed like sheep...

KieranJones1

member

Activity: 126

Merit: 10

Quote from: maz on December 05, 2013, 07:08:11 AM

Quote from: KieranJones1 on December 05, 2013, 07:05:53 AM

Quote from: maz on December 05, 2013, 07:04:28 AM

Quote from: Drabla on December 05, 2013, 07:01:50 AM

Wait a second.
Is this just the chinese version of the senate hearings, with almost the same (positiv) outcome but with none getting it because of google-translate-FU?

No it's not, but keep trying to fool yourself.

Please tell me, with complete 100% clarity (not just bullish hyperbole), why this is bad news for bitcoin.

I'm going to bet that you won't be able to do that.

I could sit and cite examples for you and give you an essay but I only do that for my self mate, how about you go do your own research. I'm not doing the hard work for you. If you cant see the wood for the tree's then hell mend you.

I'll translate this for everyone else:

"I have no idea"

gandhibt

full member

Activity: 238

Merit: 100

Quote from: Voodah on December 05, 2013, 07:07:55 AM

China bouncing back..

Are you still looking at wisdom?

BitThink

legendary

Activity: 882

Merit: 1000

Quote from: Vigil on December 05, 2013, 06:54:02 AM

Quote from: maz on December 05, 2013, 06:50:40 AM

Quote from: KieranJones1 on December 05, 2013, 06:46:08 AM

Quote from: maz on December 05, 2013, 06:44:34 AM

Quote from: inca on December 05, 2013, 06:37:51 AM

Bears back to caves. I bought on localbitcoins in the UK near the (hopefully) bottom.

Ok sheep-boy, this drop hasn't even started yet, the ramifications of this will lower the price for weeks to come. Bitcoin could essentially loose 50% of its customer base if China cracks down on it.

Sigh... China isn't cracking down on it. Read a translation rather than just going by what random people tell you this means for Bitcoin.

I've read it, this is not bullish, you cant see your nose because your big dumb horns are in the way. Dude seriously stop talking shit and realize that bitcoin just had a massive blow to one of its largest client bases.

So does it mean that BTCChina must close?

No, on the contrary that means now BTCChina has a chance to be legal for a long time.

seldon

sr. member

Activity: 353

Merit: 250

Anyone else feeling deja-vu from sunday?

gandhibt

full member

Activity: 238

Merit: 100

Don't reply, just push the ignore button.

maz

full member

Activity: 140

Merit: 100

Quote from: KieranJones1 on December 05, 2013, 07:05:53 AM

Quote from: maz on December 05, 2013, 07:04:28 AM

Quote from: Drabla on December 05, 2013, 07:01:50 AM

Wait a second.
Is this just the chinese version of the senate hearings, with almost the same (positiv) outcome but with none getting it because of google-translate-FU?

No it's not, but keep trying to fool yourself.

Please tell me, with complete 100% clarity (not just bullish hyperbole), why this is bad news for bitcoin.

I'm going to bet that you won't be able to do that.

I could sit and cite examples for you and give you an essay but I only do that for my self mate, how about you go do your own research. I'm not doing the hard work for you. If you cant see the wood for the tree's then hell mend you.

Voodah

sr. member

Activity: 266

Merit: 250

China bouncing back..

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 31151. (Read 26484401 times)