Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 5294. (Read 26710299 times)

mempool filling up again

Explanation

@onlyyontv
#China logistics firm in Guangzhou confirms to @CNBC it’s airlifting 3,000kg (6,600lbs) #bitcoin  mining machines to Maryland, USA. Fenghua International advertises products delivered to door, tax on both ends cleared. Price per kilo: as low as $9.37! #cryptocurrencies

https://twitter.com/onlyyoontv/status/1406911193126785026?s=21

Even better. Far fewer Chinese holders.

As a reminder: The Composite Operator is happily buying your bitcoins big time.




EDIT: ColdBloodedShiller on the current situation.

Isn't this actually great news? No more cheap coal-based mining in china means no flooding the market with their cheap BTC.

This is a big storm, effectively stops any Chinese citizen from having anything to do with BTC at all. So having said that, if the drop we just saw is all they can muster from such a big ban the Chinese FUD is almost finished.

Either the market is becoming desensitized or there are very few remaining Chinese who will sell their coins. From this point on all Chinese BTC activity now goes underground or ceases to exsist. The CCP are really fucking themselves over with this one.

Just another storm to weather

@Deltaone
CHINA CENTRAL BANK SAYS URGES BANKS AND PAYMENT COMPANIES TO PROMPTLY CUT PAYMENT CHANNELS FOR CRYPTOCURRENCY TRADING
https://twitter.com/deitaone/status/1406906155264249862?s=21




@Deltaone
https://twitter.com/deitaone/status/1406906155264249862?s=21
*CHINA ASKS BANKS, ALIPAY NOT TO INVOLVE IN CRYPTO OPERATIONS




@btcinchina
The People's Bank of China (PBoC) talked to Chinese banks and payment institutions on the issue of providing services for virtual currency transactions by banks and payment institutions. #Bitcoin 
https://twitter.com/btcinchina/status/1406906728541609986?s=21




@btcinchina
Industrial and Commercial Bank of China, Agricultural Bank of China, Construction Bank, Postal Savings Bank of China, Industrial Bank and Alipay (China) Network Technology Co., Ltd are among the list.
https://twitter.com/btcinchina/status/1406907410564796421?s=21




@btcinchina
These institutions are required to perform their customer identification obligations and must not provide products or services such as account opening, registration, trading, clearing, and settlement for related activities.
https://twitter.com/btcinchina/status/1406907410564796421?s=21




@btcinchina
Institutions must comprehensively investigate and identify virtual currency exchanges and over-the-counter dealers’ accounts, and cut off the payment link for transaction funds in a timely manner;
https://twitter.com/btcinchina/status/1406907412942974978?s=21




@btcinchina
they must analyze the capital transaction characteristics of virtual currency trading hype activities, increase technical input, improve abnormal transaction monitoring models, and effectively Improve monitoring and identification capabilities;
https://twitter.com/btcinchina/status/1406907415337996288?s=21




@btcinchina
https://twitter.com/btcinchina/status/1406907417690927111?s=21
improve internal working mechanisms to ensure that relevant monitoring and handling measures are in place.
Source: http://www.pbc.gov.cn/goutongjiaoliu/113456/113469/4273265/index.html

There are rumors they want to have all of the largest chinese banks to publish a press-release about "crypto ban" at once, to have a heavier FUD effect on the market. Did they think nobody would notice that initial announcement from agricultural bank? =) So pathetic.

You would think people see through government propaganda by now, after decades of disinformation and lies, but they don't. I want to see fast adoption world wide, but still think anyone completely trusting a government is too gullible for Bitcoin.

Explanation

Actually that bullish news is having an effect. It seems those in the West are purchasing plenty of BTC still because of it. Take the German Newspaper photo, the West is really starting to understand what they have here. It's just all the Chinese FUD is making those in the East dump and this is powering over western demand. This is of course a good thing long term but short term it sucks.

Meeeh constant bullish news as well…. Imo more bullish news as bearish, but news isn’t
To relevant imo…  everyone said boring summer, so let us have this boring summer and just go out and do as many activities as possible….

Germany's 🇩🇪 second most read newspaper, F.A.Z, just published this full page #Bitcoin  piece.

"#Bitcoin  Packs a Punch"



https://twitter.com/documentingbtc/status/1406629207438921733?s=21

another dump?

I hope the US likes buying cheap coins when they wake up.

Explanation