Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 31921. (Read 26608384 times)
November 18, 2013, 03:01:41 PM
November 18, 2013, 03:00:40 PM
" In just a couple of years, QQ had grown to such an extent that some estimates put it at 13% of the Chinese cash economy. It was threatening to supplant the yuan in a viral tsunami that showed no signs of abating. At its height, people similarly gathered in public places to trade QQ, and shopkeepers began accepting it for payment.
Because Tencent controlled QQ through central online reserves, the Communist Party's response was swift, hobbling QQ at its knees and bringing it well back into line overnight. How did they do it? Since QQ was centrally managed, all the Chinese government had to do was tell Tencent to limit QQ's use or face a total shutdown of their business. So Tencent reeled it in. " - http://money.cnn.com/2013/11/18/investing/bitcoin-china/index.html?iid=HP_LN
I wasn't aware of the QQ thing. Quite interesting.
Because Tencent controlled QQ through central online reserves, the Communist Party's response was swift, hobbling QQ at its knees and bringing it well back into line overnight. How did they do it? Since QQ was centrally managed, all the Chinese government had to do was tell Tencent to limit QQ's use or face a total shutdown of their business. So Tencent reeled it in. " - http://money.cnn.com/2013/11/18/investing/bitcoin-china/index.html?iid=HP_LN
I wasn't aware of the QQ thing. Quite interesting.
November 18, 2013, 03:00:10 PM
be rdy for action now during the senate discussion. Massive crash can happen now.
Massive crash = bitcoin hitting 1000$
November 18, 2013, 02:59:34 PM
be rdy for action now during the senate discussion. Massive crash can happen now.
November 18, 2013, 02:58:09 PM
in 4 mins
http://www.c-span.org/Live-Video/C-SPAN3/
or live commentary: http://www.youtube.com/watch?v=AhzjIu4Qnto
http://www.c-span.org/Live-Video/C-SPAN3/
or live commentary: http://www.youtube.com/watch?v=AhzjIu4Qnto
Can anyone do me a favor and write on here key points that are made? I'm at work and my boss will kick me so hard in the bum that I'll taste shoe leather if I try to watch the thing on c-span...
November 18, 2013, 02:56:12 PM
in 4 mins
http://www.c-span.org/Live-Video/C-SPAN3/
or live commentary: http://www.youtube.com/watch?v=AhzjIu4Qnto
edit its already started?
http://www.c-span.org/Live-Video/C-SPAN3/
or live commentary: http://www.youtube.com/watch?v=AhzjIu4Qnto
edit its already started?
November 18, 2013, 02:55:32 PM
It seems that the most of the traffic comes from China. I bet you don't know anything about China and why are they using Bitcoin right now. Until you find out you can't emit any statement because you just don't know. There can be several reasons. Maybe the communist party doesn't allow people to have more than X amount of cash on their possesion, maybe it's hard to move money there, maybe maybe maybe.
Edit: made a quick google search and found this "China employs strict currency regulations that are designed to prevent large amounts of currency moving out of the country" So there is a real use there if that's still the case. I bet there can be many more that for us maybe are useless.
Edit: made a quick google search and found this "China employs strict currency regulations that are designed to prevent large amounts of currency moving out of the country" So there is a real use there if that's still the case. I bet there can be many more that for us maybe are useless.
Cool story.
99% of China exchange volume is speculation.
November 18, 2013, 02:52:18 PM
Can someone explain why it still takes days if not weeks to get money into exchanges to purchase BTC? Infrastructure? What a load of shit.
One of the best confirmation's that Bitcoin is here to stay
Love the signature BTW Stan
November 18, 2013, 02:52:14 PM
Why are you comparing regular models with Bitcoin? Why is this a bubble and not a mass adoption somewhere on Earth? What are the differences? How do you know now there are just people rushing in and not wider bitcoin usage?
Because obvious things are obvious.
November 18, 2013, 02:51:35 PM
Can someone explain why it still takes days if not weeks to get money into exchanges to purchase BTC? Infrastructure? What a load of shit.
LOL. That is the regulations part it's for your own good.
That's what I thought when it went from $100 to $125 once your money is in you then don't buy coins because it goes from $150 to $179 in 2 days. And then you say WTF why is Cavirtx so high!
November 18, 2013, 02:50:03 PM
LTC is the most elaborate pump and dump scheme ever. Goes up 125% for no reason
Yes the pump started late last night PST time. The guy was buying out his own walls - then the tards on BTCe troll-box flames the fire.
November 18, 2013, 02:48:36 PM
Do we know how much money per day we had the last 3 weeks? 2m$ per day doesn't seem too much with this rapid increase. Many walls were eaten and if we consider that not all mined coins will sell the same day then it's a lot less.
You are using bubble time statistics to predict the future. That always worked out just fine in the past, I'm sure.
November 18, 2013, 02:44:44 PM
Can someone explain why it still takes days if not weeks to get money into exchanges to purchase BTC? Infrastructure? What a load of shit.
I wired money into bitstamp within 5 hours. Maybe it's your choice of exchange and geographical location.
November 18, 2013, 02:43:21 PM
LTC is the most elaborate pump and dump scheme ever. Goes up 125% for no reason
Made me LOL. And BTC is up because?Max Keiser is a pump'n'dump scammer.
Couldn't be more true. 
November 18, 2013, 02:43:19 PM
Max Keiser is a pump'n'dump scammer.
November 18, 2013, 02:43:12 PM
What in the??!?!
"[...] Bernanke said in a Sept. 6 letter to the Senate Committee on Homeland Security and Governmental Affairs released on Monday."
But you're right of course, I'm sure it's already priced in. /s
November 18, 2013, 02:42:39 PM
LTC is the most elaborate pump and dump scheme ever. Goes up 125% for no reason
November 18, 2013, 02:41:54 PM
Can someone explain why it still takes days if not weeks to get money into exchanges to purchase BTC? Infrastructure? What a load of shit.
November 18, 2013, 02:40:01 PM
China at $780? WTF, thats up 50% in last 24 hours? lol! And LTC? Up 125%+? WWWTTFFFF xD
November 18, 2013, 02:37:02 PM
Single digits: $1/mBTC!
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