Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 33945.

Its About Sharing

legendary

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Antifragile

Quote from: Frozenlock on May 04, 2013, 01:05:04 PM

For those wanting more info about the CCTV's report.
http://www.reddit.com/r/Bitcoin/comments/1dosc3/im_a_chinese_born_us_citizen_heres_what_i_thought/

Quote

It is clear that the Chinese government (who does in fact censor, this I can confirm with first hand experience) has given Bitcoin the go-ahead.

I didn't notice that part you quoted but it stood out to me in the argument. WOW!!! This is so huge it makes Cypress seem, like well, Cypress. Grin

I wonder why the Government would be behind it and my first reaction/feeling is that they are probably sick and tired of the USD and the bond issue that comes with it.
In a way, other governments embracing BTC (and other crypto-currencies) is a way of combating American Hegemony. Think about that...

China is sort of like another MtGox volume influence, maybe at the least. Have to ponder this one, oh my...

I am pretty leery now of selling based on just TA in light of this news. You never know what will happen...

Thanks for posting that reddit link, I will have to read the thread there.

IAS

telemaco

sr. member

Activity: 371

Merit: 250

Not sure what to answer. On H1 the emas comparison has been bearish from april 30 (143) until today 5:00 am (95) that seems to go upwards but seriously i don't know what to think.
I feel i am unable to follow the bitcoin value, always too soon, too late, too short, too long. It seems this is not for me. I entered at 30 on feb-march but i cannot recall how many mistakes i have done up to this time.

Starting to get really tired. I think i am getting more money from just investing on normal stocks. It is taking so many hours for just mistake after mistake. This is like a rollercoaster. I am more for fundamentals medium term and this is not playing good for me.

underground_

full member

Activity: 123

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Quote from: telemaco on May 04, 2013, 01:22:43 PM

are we in a upward trend or not?

What kind of time-frames are you asking about?

telemaco

sr. member

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are we in a upward trend or not?

Frozenlock

sr. member

Activity: 434

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For those wanting more info about the CCTV's report.
http://www.reddit.com/r/Bitcoin/comments/1dosc3/im_a_chinese_born_us_citizen_heres_what_i_thought/

Quote

It is clear that the Chinese government (who does in fact censor, this I can confirm with first hand experience) has given Bitcoin the go-ahead.

underground_

full member

Activity: 123

Merit: 100

Quote from: 420 on May 04, 2013, 12:59:23 PM

Gox down kinda sorta. half ass

It's been down for me, too.

needmorecoins

member

Activity: 65

Merit: 10

Quote from: 420 on May 04, 2013, 12:59:23 PM

Gox down

Seems to work for me still.

420

hero member

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Gox down kinda sorta. half ass

micalith

hero member

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Quote from: AmazonStuff on May 04, 2013, 12:45:27 PM

Let's put TA aside and think about yesterdays jump from $78 to $90 in a few seconds, then someone put a 10 000 wall on $90. I was thinking why would someone put that wall there at that moment when he can buy coins at lower price?!

Hmm... You will hate me for saying this, but probably he realized that we are going deeper under ground and he has a lot unsold coins, so he pushed the BTC up, then he will sell the coins at higher price and after that he will let the price go down.

It's possible that it's the same person who put those $104 and $120 walls, probably majority of his coins is in that range.

And what is he going to do when he sell us his coins?

Probably he will remove the walls and give us a few downward pushes, it's profitable for him sitting on fiat at that moment.

I have no idea, but would have thought that this ostensibly lame downturn might be a tactic to make sure enough people sell in anticipation of a fall, so that there's more people ready to buy his coins after he drops the price significantly?

Frozenlock

sr. member

Activity: 434

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Actually yes. Creeping up since the huge volume at $80. EMAs crossed at around $96.

News appeared here at around $100-$102.

Its About Sharing

legendary

Activity: 1442

Merit: 1000

Antifragile

Quote from: TsuyokuNaritai on May 04, 2013, 12:23:08 PM

China skeptics, take another look at the Bitcoin client downloads:

http://sourceforge.net/projects/bitcoin/files/stats/map?dates=2013-05-04

China wasn't that much above US a few hours ago. Now it's about 20x US for the whole day.

That is a bit scary. It had to be that 30 minute CCTV spot.

Now, a few of those people are probably going to be buying BTC's in the near future. In a way, it could be like the Cypress event, in that sudden buying pressure may come...

Great news,
IAS

Coinbuck @ BTCLot

hero member

Activity: 540

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The future begins today

Quote from: Frozenlock on May 04, 2013, 12:48:26 PM

Quote from: Coinbuck @ BTCLot on May 04, 2013, 12:45:55 PM

The market is overreacting. It would take days till we see any impact in the market (even if we would).

We were already going up before any news.

Actually no.

https://bitcointalksearch.org/topic/m.2023673

After this the price went up about ~6$

Frozenlock

sr. member

Activity: 434

Merit: 250

Quote from: Coinbuck @ BTCLot on May 04, 2013, 12:45:55 PM

The market is overreacting. It would take days till we see any impact in the market (even if we would).

We were already going up before any news.

Jaroslaw

member

Activity: 84

Merit: 10

supernode

Looks like bulls fails one more.

SAQ

newbie

Activity: 56

Merit: 0

Quote from: AmazonStuff on May 04, 2013, 12:45:27 PM

Let's put TA aside and think about yesterdays jump from $78 to $90 in a few seconds, then someone put a 10 000 wall on $90. I was thinking why would someone put that wall there at that moment when he can buy coins at lower price?!

Hmm... You will hate me for saying this, but probably he realized that we are going deeper under ground and he has a lot unsold coins, so he pushed the BTC up, then he will sell the coins at higher price and after that he will let the price go down.

It's possible that it's the same person who put those $104 and $120 walls, probably majority of his coins is in that range.

And what is he going to do when he sell us his coins?

Probably he will remove the walls and give us a few downward pushes, it's profitable for him sitting on fiat at that moment.

I think a lot of people moved their bids from 70/80 to 90-100

Coinbuck @ BTCLot

hero member

Activity: 540

Merit: 500

The future begins today

The market is overreacting. It would take days till we see any impact in the market (even if we would).

SAQ

newbie

Activity: 56

Merit: 0

Lol massive dump could barely get it down to 110. Weak I think considering we moved from 95 to 115 in such a short time.

AmazonStuff

hero member

Activity: 628

Merit: 500

Let's put TA aside and think about yesterdays jump from $78 to $90 in a few seconds, then someone put a 10 000 wall on $90. I was thinking why would someone put that wall there at that moment when he can buy coins at lower price?!

Hmm... You will hate me for saying this, but probably he realized that we are going deeper under ground and he has a lot unsold coins, so he pushed the BTC up, then he will sell the coins at higher price and after that he will let the price go down.

It's possible that it's the same person who put those $104 and $120 walls, probably majority of his coins is in that range.

And what is he going to do when he sell us his coins?

Probably he will remove the walls and give us a few downward pushes, it's profitable for him sitting on fiat at that moment.

needmorecoins

member

Activity: 65

Merit: 10

These walls/hills won't let me sleep....

fitty

hero member

Activity: 728

Merit: 501

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Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 33945. (Read 26714984 times)