Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 31368.

KieranJones1

member

Activity: 126

Merit: 10

Quote from: niothor on December 05, 2013, 07:19:39 AM

Quote from: ajax3592 on December 05, 2013, 07:17:57 AM

Quote from: niothor on December 05, 2013, 07:15:37 AM

Quote from: ajax3592 on December 05, 2013, 07:12:50 AM

Brace yourselves market gonna crash. Two reasons -

#1 China banned banks from Bitcoin transactions

#2 Sheep Market place theft of $400 million, much bigger than silk road

How did you get by that number? Weren't 95000 coins?

Check this transaction
https://blockchain.info/address/1CbR8da9YPZqXJJKm9ze1GYf67eKAUfXwP?offset=0&filter=0

Total received. You can see coins getting out and in .

This isn't the Sheep stolen coins wallet, it's a BTC-E wallet.
http://www.reddit.com/r/SheepMarketplace/comments/1s2upf/the_sheep_market_scam_address_does_not_actually/

CryptStorm

full member

Activity: 126

Merit: 100

Quote from: wachtwoord on December 05, 2013, 07:12:59 AM

Quote from: CryptStorm on December 05, 2013, 07:10:52 AM

so, check this out

"...The Notice requires, the Bitcoin websites that act as the main trading platform, should follow the Telecommunications Act and the Regulation on Internet Information Service, and register according to law. ..."

Somebody just got a sweet deal *cough, owner of BTCChina, cough*

Must be nice to get an inside deal. *cough, money exchanges hands, cough*

What advantage does BTCCHina have for which you suggest they've had to pay?

I'm suggesting it must be nice to have all potential competition in your country, essentially, get the kibosh. How that may have happened, I can only *speculate*.

KFR

hero member

Activity: 560

Merit: 500

Per ardua ad luna

Quote from: BitThink on December 05, 2013, 07:18:30 AM

Simply said, what China bans in this notice does not exists in any country yet. As far as I know no bank is using bitcoin as a currency in all over the world. Even Germany treats it as a private currency. China just officially announced it. On the other hand, previously exchanges are in gray area but now they have chance to be 'white'.

Precisely. Cool

niothor

hero member

Activity: 826

Merit: 501

in defi we trust

Quote from: ajax3592 on December 05, 2013, 07:17:57 AM

Quote from: niothor on December 05, 2013, 07:15:37 AM

Quote from: ajax3592 on December 05, 2013, 07:12:50 AM

Brace yourselves market gonna crash. Two reasons -

#1 China banned banks from Bitcoin transactions

#2 Sheep Market place theft of $400 million, much bigger than silk road

How did you get by that number? Weren't 95000 coins?

Check this transaction
https://blockchain.info/address/1CbR8da9YPZqXJJKm9ze1GYf67eKAUfXwP?offset=0&filter=0

Total received. You can see coins getting out and in .

macsga

legendary

Activity: 1484

Merit: 1002

Strange, yet attractive.

I have to repeat this for the newbies:

Quote from: macsga on November 28, 2013, 02:31:45 AM

I personally follow and post here the 5 rules of success for you:
1. Don't get emotional from other's people thoughts.
2. Not everyone here is a "nice person" you can trust.
3. IF YOU DON'T KNOW WHAT TO DO, DON'T TRADE.
4. HOLD!!!
5. Until you desperately need the money follow rule #4.

Good Luck!

Davyd05

hero member

Activity: 574

Merit: 500

Quote from: maz on December 05, 2013, 07:16:33 AM

Quote from: rpietila on December 05, 2013, 07:09:05 AM

Quote from: maz on December 05, 2013, 06:59:56 AM

Dude stop reading what some bull manipulates the news to say as fact. It's bad news full stop. China's banning financial institutions from handling bitcoin transactions, if you see that as good news for Chinese exchanges or for bitcoin in China alone, your deluded.

Is your perspective now the following hours, days, weeks or months?

"Bad news for Bitcoin" as a generalization does not exist, because nothing can stop Bitcoin. It is just a question of the way.

Pls elaborate.

Yes I agree, just getting caught up in the excitement. Like I said earlier I still think 1mill per coin is going to happen. But this is a temporary bad news. I think we will feel the effects of this for a few weeks, if not months. Not only because of what has happened in China but because it will effect the confidence of all our new investors, small or big. The media which has helped rally us to our latest ATH with such voracity will act as a two edged sword and now do the opposite touting the crash which will upset our adoption rate.

I don't think we will see several months like the last time, but we will have to go into a bear market for a few months, forget this bad news, recuperate, get more good news, and advance on another ATH attack, how long that takes, I have no idea.

this was a smaller crash than last week.. if China was so bearish from the news they'd be selling.. they're not, they'll gox test the 1100s first for sure.

BitThink

legendary

Activity: 882

Merit: 1000

Simply said, what China bans in this notice does not exists in any country yet. As far as I know no bank is using bitcoin as a currency in all over the world. Even Germany treats it as a private currency. Could you tell me any bank is doing bitcoin transactions? Do you really believe any bank will accept bitcoin as one of the currencies in the near future? The announcement of China has no surprise at all.

On the other hand, previously exchanges are in gray area but now they have chance to be 'white'.

ajax3592

full member

Activity: 210

Merit: 100

Crypto News & Tutorials - Coinramble.com

Quote from: niothor on December 05, 2013, 07:15:37 AM

Quote from: ajax3592 on December 05, 2013, 07:12:50 AM

Brace yourselves market gonna crash. Two reasons -

#1 China banned banks from Bitcoin transactions

#2 Sheep Market place theft of $400 million, much bigger than silk road

How did you get by that number? Weren't 95000 coins?

Check this transaction
https://blockchain.info/address/1CbR8da9YPZqXJJKm9ze1GYf67eKAUfXwP?offset=0&filter=0

maz

full member

Activity: 140

Merit: 100

Quote from: rpietila on December 05, 2013, 07:09:05 AM

Quote from: maz on December 05, 2013, 06:59:56 AM

Dude stop reading what some bull manipulates the news to say as fact. It's bad news full stop. China's banning financial institutions from handling bitcoin transactions, if you see that as good news for Chinese exchanges or for bitcoin in China alone, your deluded.

Is your perspective now the following hours, days, weeks or months?

"Bad news for Bitcoin" as a generalization does not exist, because nothing can stop Bitcoin. It is just a question of the way.

Pls elaborate.

Yes I agree, just getting caught up in the excitement. Like I said earlier I still think 1mill per coin is going to happen. But this is a temporary bad news. I think we will feel the effects of this for a few weeks, if not months. Not only because of what has happened in China but because it will effect the confidence of all our new investors, small or big. The media which has helped rally us to our latest ATH with such voracity will act as a two edged sword and now do the opposite touting the crash which will upset our adoption rate.

I don't think we will see several months like the last time, but we will have to go into a bear market for a few months, forget this bad news, recuperate, get more good news, and advance on another ATH attack, how long that takes, I have no idea.

This could be a possibility.

niothor

hero member

Activity: 826

Merit: 501

in defi we trust

Quote from: ajax3592 on December 05, 2013, 07:12:50 AM

Brace yourselves market gonna crash. Two reasons -

#1 China banned banks from Bitcoin transactions

#2 Sheep Market place theft of $400 million, much bigger than silk road

How did you get by that number? Weren't 95000 coins?

CMMPro

hero member

Activity: 588

Merit: 500

Quote from: iarsenaux on December 05, 2013, 07:10:21 AM

have you noticed that btcchina is still down? any idea why is it still down right now?

BTCChina is not down. I see trades running normally.
They are coming back up as fast as we did.

KieranJones1

member

Activity: 126

Merit: 10

Quote from: ajax3592 on December 05, 2013, 07:12:50 AM

Brace yourselves market gonna crash. Two reasons -

#1 China banned banks from Bitcoin transactions

Please explain why this is going to destroy bitcoin. Banks are definitely, definitely not why bitcoin has historically been valuable in the US or in China. This is less relevant than if, for instance, they'd banned fancy dress costume shops from using bitcoin.

Quote

#2 Sheep Market place theft of $400 million, much bigger than silk road

This is only an issue if the person who stole the coins sells them all at once, which would be a really stupid idea since it would give away their identity straight away. I think the coins will be slowly sold off. Very slowly.

Rannasha

hero member

Activity: 728

Merit: 500

Nice panic-crash today. I have more BTC and more € than when I woke up this morning.

It's too bad that I can't move my € around between exchanges fast enough Sad

wachtwoord

legendary

Activity: 2324

Merit: 1125

Quote from: ajax3592 on December 05, 2013, 07:12:50 AM

Brace yourselves market gonna crash. Two reasons -

#1 China banned banks from Bitcoin transactions

#2 Sheep Market place theft of $400 million, much bigger than silk road

Remember when Silkroad closed down? Grin

wachtwoord

legendary

Activity: 2324

Merit: 1125

Quote from: CryptStorm on December 05, 2013, 07:10:52 AM

so, check this out

"...The Notice requires, the Bitcoin websites that act as the main trading platform, should follow the Telecommunications Act and the Regulation on Internet Information Service, and register according to law. ..."

Somebody just got a sweet deal *cough, owner of BTCChina, cough*

Must be nice to get an inside deal. *cough, money exchanges hands, cough*

What advantage does BTCCHina have for which you suggest they've had to pay?

ajax3592

full member

Activity: 210

Merit: 100

Crypto News & Tutorials - Coinramble.com

Brace yourselves market gonna crash. Two reasons -

#1 China banned banks from Bitcoin transactions

#2 Sheep Market place theft of $400 million, much bigger than silk road

niothor

hero member

Activity: 826

Merit: 501

in defi we trust

You guys realize we had so much China hype , China that , China is and 4 hours after this s** was unleashed we still have just one so and so translation about what's going there?
Real information about China trends are at minimum?

CryptStorm

full member

Activity: 126

Merit: 100

so, check this out

"...The Notice requires, the Bitcoin websites that act as the main trading platform, should follow the Telecommunications Act and the Regulation on Internet Information Service, and register according to law. ..."

Somebody just got a sweet deal *cough, owner of BTCChina, cough*

Must be nice to get an inside deal. *cough, money exchanges hands, cough*

iarsenaux

sr. member

Activity: 350

Merit: 250

have you noticed that btcchina is still down? any idea why is it still down right now?

maz

full member

Activity: 140

Merit: 100

Quote from: KieranJones1 on December 05, 2013, 07:06:10 AM

Quote from: maz on December 05, 2013, 07:04:34 AM

The important thing is that the Chinese government have eventually 'showed their hand', which we have all been waiting for. And it's not good news.

Oh my god, you don't get it, do you? We "bulls" (as you call us) have explained why we think this is good news. If you want to argue, you need to explain why you think this is bad news. If you can't do that, we're going to carry on ignoring you.

Please go ahead, your an idiot.

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