Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 31361. (Read 26607956 times)

You guys are giving way too much thought on how these news are going to affect the price. We have once again seen how much support we have and this is the most important indicator of what is going to happen next.

you were a bear like 2 weeks ago. rpetila still is i'm guessing. blitz will be FOREVER.

I have a pot of honey and I'm loading it right now.

Old news, priced in.

theres a good chance the bears have some more ammo, place your bids expecting a higher low.

Lamborghini accepting Bitcoin 

http://www.dailymail.co.uk/sciencetech/article-2518724/Now-buy-cars-Bitcoin-Lamborghini-adds-list-companies-accepts-digital-currency.html

yup, this is a show of strength for the bulls.

i sent out a PM for bitmovements titled "Its official, bears are retarded!" 

lmao the one day I decide to sleep a little late and cut my phone off so I don't get any notifications everything goes to hell.  Actually it looks like I missed the scary part and we're recovering now.  So maybe that was a good thing. 

I think someone is testing resistance @ $1030 
Market shows signs of maturity. I like this.

Its like a GHOST town in China right now!!!  

Good point. On the other hand, the same could have been said (in fact: was said) about the Silk Road takedown ("good news long term, but for now: bear market").


Remember how long that one kept us down?

I use this for that:

http://bitcointicker.co/combined/

http://www.businessinsider.com/baml-initiates-coverage-on-bitcoin-2013-12

Anybody here use bitcoin wisdom and know how to get the 4 big exchanges on one screen? I've seen it explained here once but can't seem to find how to do it.

Lets see. $500 may have been too pessimistic, but I quoted that figure to point out its still a huge gain. It need not go down in a few devastating blows. If there is clear downtrend over the next few days it can keep creeping down.

Of course, it shouldn't matter to the average holder as long term everybody will profit anyways.

here's my take... for the record i'm a bull so this is in no way to attempt to spread fear or panic, in fact i'm happy to hear if someone else thinks there's another side to my thinking...
basically this news recalled the story with qq coin... i feel PBOC's sentiment towards virtual currencies hasn't really changed and all that sugarcoated talk is going to turn ugly once they realize that they can't put up proper capital controls around bitcoin or can't tax individuals who stashed millions away... in fact in a country where i live, 2 exchanges are undergoing new regulations as banks are now starting to scrutinize large transactions (SGD 1mil of money flow a month) for probably capital controls and tax purposes... 

Source:
http://online.wsj.com/news/articles/SB117519670114653518

Quoted:
"The People's Bank of China will strengthen management of the virtual currencies used in online games and will stay on the lookout for any assault by such virtual currencies on the real economic and financial order," the ministries and bank said in a joint statement.

and the hammerban 2 years later..

http://www.theregister.co.uk/2009/06/30/china_bans_virtual_money_to_buy_real_world_goods_and_services/

so i ask myself what happens when you have huge outflows of hard to trace illicit money? first, you strengthen the currency of the country that launders money while weakening yuan right and PBOC has to compensate that by purchasing equal amount of yuan offshore at the same time taking in massive losses... second, you lose an opportunity to tax wealthy individuals...

http://www.gfintegrity.org/content/view/581/70/

quoted:
The Chinese economy hemorrhaged US$3.79 trillion in illicit financial outflows from 2000 through 2011, according to a new report [PDF] released today by Global Financial Integrity (GFI), a Washington, DC-based research and advocacy organization.

Don't pay any attention to mainstream media. They all seem to spam fud about Bitcoin.

It's easy to understand the motives of the established financial media. They have a vested interest in maintaining the status quo of their biggest advertisers.

As for the vehemence of anti-Bitcoin sentiment amongst the other media, I think it's largely based on ignorance.

Ignorance breeds fear, and fear causes people to lash out. Media people aren't usually the smartest and they resent the fact that they can't understand something about which they would love to be authoritative. Sad.

But every drop is met with such huge buy support... I know it's just speculators wanting to make a profit that start these dumps/pumps. I'm starting to think it would take something truly devastating to drop the price significantly from now on.

Btcchina is using TenPay, a Paypal like service in China. TenPay is used for depositing and withdrawing fiat to and from BTCChina, so they don't touch bitcoin at all. No one will boycott bitcoin, and on the contrary, everyone will find a way to enter bitcoin market if it's profitable.