Topic: Wall Observer - China wall movement tracker - page 12. (Read 34624 times)
$188
is this a correction or crash?
Dropping very fast now
Dropping very fast now
I feel an urge to predict that this thread is destined to dethrone the MtGox Wall Observer as the most visited and longest in the speculation subforum. Eastern interests are rapidly asserting themselves as key drivers of the Bitcoin price. A very healthy development on the way to Bitcoin becoming a truly global (reserve?) currency.
Wise words. Don't discount the West, though. You see, one Western country can ban bitcoins but if the US bans it, there is still Canada, the EU, Switzerland, Norway, Iceland, Australia, New Zeeland, South Africa etc. to continue. If China bans bitcoins, it will have a larger impact since there are more jurisdictions with significant economic strength in the cultural sphere that we call the West than there is in any other cultural sphere. 
RED ALERT: About to hit quadruple digits, a huge psychological barrier.
*It might happen today, or it might take days or even weeks - but probably days
*It might happen today, or it might take days or even weeks - but probably days
Let's hope for a week at least.
Today evening, China time, i.e. in ~5 hours.
Just my guess.
4 hours it is.
Done
I feel an urge to predict that this thread is destined to dethrone the MyGox Wall Observer as the most visited and longest in the speculation subforum. Eastern interests are rapidly asserting themselves as key drivers of the Bitcoin price. A very healthy development on the way to Bitcoin becoming a truly global (reserve?) currency.
RED ALERT: About to hit quadruple digits, a huge psychological barrier.
Expect a few runs at it with the old Bitcoin Battering RamTM before it finally gives way* and gushes exuberantly higher, after which it will have second thoughts and retest 1000 or just below, and then level out somewhere significantly above that. The usual stuff. But that means a good chance at China forcing the West kicking and screaming through the traumatic memories of $266, which will be a good thing because the West may not have to deal with it, instead getting lifted up and carried past in by China.
*It might happen today, or it might take days or even weeks - but probably days
Expect a few runs at it with the old Bitcoin Battering RamTM before it finally gives way* and gushes exuberantly higher, after which it will have second thoughts and retest 1000 or just below, and then level out somewhere significantly above that. The usual stuff. But that means a good chance at China forcing the West kicking and screaming through the traumatic memories of $266, which will be a good thing because the West may not have to deal with it, instead getting lifted up and carried past in by China.
*It might happen today, or it might take days or even weeks - but probably days
Let's hope for a week at least.
Today evening, China time, i.e. in ~5 hours.
Just my guess.
4 hours it is.
Hopefully there will be large media outburst in China when it hits 1000 CNY, similar to what happened with BTC when it hit 100.
Ground control to BTCChina, countdown commencing, engines on.
RED ALERT: About to hit quadruple digits, a huge psychological barrier.
Expect a few runs at it with the old Bitcoin Battering RamTM before it finally gives way* and gushes exuberantly higher, after which it will have second thoughts and retest 1000 or just below, and then level out somewhere significantly above that. The usual stuff. But that means a good chance at China forcing the West kicking and screaming through the traumatic memories of $266, which will be a good thing because the West may not have to deal with it, instead getting lifted up and carried past in by China.
*It might happen today, or it might take days or even weeks - but probably days
Expect a few runs at it with the old Bitcoin Battering RamTM before it finally gives way* and gushes exuberantly higher, after which it will have second thoughts and retest 1000 or just below, and then level out somewhere significantly above that. The usual stuff. But that means a good chance at China forcing the West kicking and screaming through the traumatic memories of $266, which will be a good thing because the West may not have to deal with it, instead getting lifted up and carried past in by China.
*It might happen today, or it might take days or even weeks - but probably days
Let's hope for a week at least.
Today evening, China time, i.e. in ~5 hours.
Just my guess.
Let's hope for a week at least.
That'd be more solid, and certainly is quite possible, but the head of steam China's got now, this close to the brink, makes it seem like the dam could burst at any moment. Or it could get skittish and take a break down in the lower 900s or 800s. Neither result would be surprising given what we know at this moment.
RED ALERT: About to hit quadruple digits, a huge psychological barrier.
Expect a few runs at it with the old Bitcoin Battering RamTM before it finally gives way* and gushes exuberantly higher, after which it typically would have second thoughts and retest 1000 or just below, and then level out somewhere significantly above that to gain a foothold. The usual stuff. If it establishes a foothold above 1000, it will be on nice course.
But that means there's a good chance at China forcing the West kicking and screaming through the traumatic memories of $266, which will be a good thing because the West may not have to deal with it, instead getting lifted up and carried past it by China.
*It might happen today, or it might take days or even weeks - but probably days
Expect a few runs at it with the old Bitcoin Battering RamTM before it finally gives way* and gushes exuberantly higher, after which it typically would have second thoughts and retest 1000 or just below, and then level out somewhere significantly above that to gain a foothold. The usual stuff. If it establishes a foothold above 1000, it will be on nice course.
But that means there's a good chance at China forcing the West kicking and screaming through the traumatic memories of $266, which will be a good thing because the West may not have to deal with it, instead getting lifted up and carried past it by China.
*It might happen today, or it might take days or even weeks - but probably days
0 % trading fee and when you dont want dollars no more! 
We are now solidly over 980 CNY. There is barely any horizontal space until 1000, but there's sure a ton of vertical space to cross...
What's terrifying is that after the 1000 wall, what's there left to stop BTC? Nothing! Sky is the limit 
If we're lucky, we'll see that 1k CNY wall challenged this weekend..
At this rate, the wall will be challenged in hours.
If we're lucky, we'll see that 1k CNY wall challenged this weekend..
968
China Banking Regulatory Commission:
Quote
"no plans to introduce regulatory policies for bitcoin."
[Citation Needed]
http://finance.sina.com.cn/money/lczx/20131017/071917018288.shtml
China Banking Regulatory Commission:
Quote
"no plans to introduce regulatory policies for bitcoin."
[Citation Needed]
But seriously, if this is true, it could be potentially huge.
China rocket
http://i3.sinaimg.cn/cj/money/lczx/20131017/U6834P31T1D17018288F46DT20131017093652.png
---from http://finance.sina.com.cn/money/lczx/20131017/071917018288.shtml
--- http://www.reddit.com/r/Bitcoin/comments/1onspw/awesome_chinese_bitcoin_infographic_from_sinacomcn/
edit Blitz: no need to directly embed this huge image
http://i3.sinaimg.cn/cj/money/lczx/20131017/U6834P31T1D17018288F46DT20131017093652.png
---from http://finance.sina.com.cn/money/lczx/20131017/071917018288.shtml
--- http://www.reddit.com/r/Bitcoin/comments/1onspw/awesome_chinese_bitcoin_infographic_from_sinacomcn/
edit Blitz: no need to directly embed this huge image
It just explains how bitcoins work and at the end it says that it might just be a bubble. It also says to be sure to think properly if it is a scam or of it is a new gold mine. Overall kinda bullish news!
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