Wall Observer - China wall movement tracker - page 6.

zby

legendary

Activity: 1594

Merit: 1001

Quote from: ?? on ??

Quote from: notme on October 23, 2013, 10:19:22 AM

Quote from: MAbtc on October 22, 2013, 02:48:57 PM

This rally being China-driven is very frustrating considering how volatile movement has been on Chinese exchanges... such thin market depth is really hard to read. I am worried about the virtually non-existent bid support.

If it is "China-driven", why are USD exchanges making new highs while CNY exchanges consolidate?

IMO it started off as China-driven, but with places like Second Market - finally old money is looking at Bitcoin as a store of wealth (additional creation).

Maybe they sucked all bitcoins from the ecosystem? Or maybe it is just arbitrage that is going on now.

MAbtc

hero member

Activity: 826

Merit: 508

Quote from: notme on October 23, 2013, 10:19:22 AM

Quote from: MAbtc on October 22, 2013, 02:48:57 PM

This rally being China-driven is very frustrating considering how volatile movement has been on Chinese exchanges... such thin market depth is really hard to read. I am worried about the virtually non-existent bid support.

If it is "China-driven", why are USD exchanges making new highs while CNY exchanges consolidate?

The Chinese exchanges shot up in price much, much faster than western exchanges on the 10/22 morning rally. One exchange peaked at $240 USD equivalent. Since USD exchanges were lagging behind quite a bit, they didn't have to correct to the same magnitude. Chinese exchange rate being so far above Gox was not sustainable.

theonewhowaskazu

sr. member

Activity: 448

Merit: 250

Quote from: notme on October 23, 2013, 10:19:22 AM

Quote from: MAbtc on October 22, 2013, 02:48:57 PM

This rally being China-driven is very frustrating considering how volatile movement has been on Chinese exchanges... such thin market depth is really hard to read. I am worried about the virtually non-existent bid support.

If it is "China-driven", why are USD exchanges making new highs while CNY exchanges consolidate?

Exactly. Looking at Gox, we're just 20% off from an all time high, but BTCChina is 35% of an all time high. If anything, last time the Chinese were rallying more than they are now.

notme

legendary

Activity: 1904

Merit: 1002

Quote from: MAbtc on October 22, 2013, 02:48:57 PM

This rally being China-driven is very frustrating considering how volatile movement has been on Chinese exchanges... such thin market depth is really hard to read. I am worried about the virtually non-existent bid support.

If it is "China-driven", why are USD exchanges making new highs while CNY exchanges consolidate?

2dogs

legendary

Activity: 1267

Merit: 1000

Quote

The only "problem" was directly after registration, there was a browser message, that I should enter my password. But first I had to look in my emails, to get my password

Ditto, and entered the password, but still wouldn't work.
Tried again and re-registered, but no go.

Have moved on to another website.

Serpens66

legendary

Activity: 2940

Merit: 1131

Quote from: 2dogs on October 23, 2013, 01:08:30 AM

Quote from: klaus on October 22, 2013, 04:16:51 AM

Quote from: n8rwJeTt8TrrLKPa55eU on October 22, 2013, 03:38:26 AM

Another key milestone reached by our Chinese friends... Cheesy

¥ 1.337 ? thats no milestone. I have one for U:

https://www.rmbtb.com/en/

This is a very difficult website to register; always getting the 403 Forbidden or other error message.

Is there some special trick one has to have to use this website?

I had no issues, too. The only "problem" was directly after registration, there was a browser message, that I should enter my password. But first I had to look in my emails, to get my password Cheesy

So just cancel this message, look into ur mails and login by refreshing the website.

Now the problem is, that u can only deposit/withdraw with TenPay or AliPay... I think TenPay is not for "non-chinese" and I read AliPay is hard to register, is that right?

joesmoe2012

hero member

Activity: 882

Merit: 501

Ching-Chang;Ding-Dong

Quote from: 2dogs on October 23, 2013, 01:08:30 AM

Quote from: klaus on October 22, 2013, 04:16:51 AM

Quote from: n8rwJeTt8TrrLKPa55eU on October 22, 2013, 03:38:26 AM

Another key milestone reached by our Chinese friends... Cheesy

¥ 1.337 ? thats no milestone. I have one for U:

https://www.rmbtb.com/en/

This is a very difficult website to register; always getting the 403 Forbidden or other error message.

Is there some special trick one has to have to use this website?

I had no issues registering nor testing out their exchange. Seems to work just fine for me. One of the only china exchanges with english interface too.

2dogs

legendary

Activity: 1267

Merit: 1000

Quote from: klaus on October 22, 2013, 04:16:51 AM

Quote from: n8rwJeTt8TrrLKPa55eU on October 22, 2013, 03:38:26 AM

Another key milestone reached by our Chinese friends... Cheesy

¥ 1.337 ? thats no milestone. I have one for U:

https://www.rmbtb.com/en/

This is a very difficult website to register; always getting the 403 Forbidden or other error message.

Is there some special trick one has to have to use this website?

chriswilmer

legendary

Activity: 1008

Merit: 1000

Quote from: Ivanhoe on October 22, 2013, 03:19:11 PM

Come on China, we count on you.

http://www.youtube.com/watch?v=04QoA44c23A

Hahaha

Ivanhoe

hero member

Activity: 841

Merit: 1000

Come on China, we count on you.

http://www.youtube.com/watch?v=04QoA44c23A

MAbtc

hero member

Activity: 826

Merit: 508

This rally being China-driven is very frustrating considering how volatile movement has been on Chinese exchanges... such thin market depth is really hard to read. I am worried about the virtually non-existent bid support.

wasserman99

sr. member

Activity: 476

Merit: 250

Quote from: el_rlee on October 22, 2013, 09:39:12 AM

Quote from: TTBit on October 22, 2013, 09:31:08 AM

There is a CNY.ripplecn / USD.bitstamp pair on ripple for those that want to take a shot at arbing. Not the most liquid at the moment (.1506 bid / .1610 ask), but more eyes on it the better.

Is there a way to get Chinese RMB into ripple?

http://ripplecn.com/

don't know much about it though and i think liquidity is a constant issue with Ripple....

TTBit

legendary

Activity: 1137

Merit: 1001

Quote from: el_rlee on October 22, 2013, 09:39:12 AM

Quote from: TTBit on October 22, 2013, 09:31:08 AM

There is a CNY.ripplecn / USD.bitstamp pair on ripple for those that want to take a shot at arbing. Not the most liquid at the moment (.1506 bid / .1610 ask), but more eyes on it the better.

Is there a way to get Chinese RMB into ripple?

Well yes, but for non-china customers it involves the BTC/CNY spread at the moment. My fault, I shouldn't have inferred that it is currently easy to get CNY into ripple.

notme

legendary

Activity: 1904

Merit: 1002

Quote from: Tzupy on October 22, 2013, 07:09:39 AM

Quote from: ?? on ??

Moving again, guess they decided the Bitcoin fairy wasn't going to come back and shower them with more cheap coins

IMO in 2 - 3 hours btcnCNY will decide if the uptrend continues, or it crashes hard again. My guess is it will crash hard.

I hope your right. My primary count has this last run up as wave 5 off the $65 bottom. I'm not yet convinced it is over, but when it is we should have a sizable ABC.

Zangelbert Bingledack

legendary

Activity: 1036

Merit: 1000

I mentioned above that it needed to come down to 1150-1200, so it is, with of course some temporary overcorrection likely. Price discovery is beautiful Grin

rebuilder

legendary

Activity: 1615

Merit: 1000

Someone seems to be dicking around on btcchina. Some kind of posturing - the bid and ask walls move back and forth, seems to be about 300 BTC worth of either being removed from one side and added to the other, and back again.

el_rlee

legendary

Activity: 1600

Merit: 1014

Quote from: TTBit on October 22, 2013, 09:31:08 AM

There is a CNY.ripplecn / USD.bitstamp pair on ripple for those that want to take a shot at arbing. Not the most liquid at the moment (.1506 bid / .1610 ask), but more eyes on it the better.

Is there a way to get Chinese RMB into ripple?

TTBit

legendary

Activity: 1137

Merit: 1001

There is a CNY.ripplecn / USD.bitstamp pair on ripple for those that want to take a shot at arbing. Not the most liquid at the moment (.1506 bid / .1610 ask), but more eyes on it the better.

el_rlee

legendary

Activity: 1600

Merit: 1014

Quote from: culexevilman on October 22, 2013, 08:51:13 AM

I am arbing and if you got money wanting to arb I can get CNY out of china through Taiwan ATM From there we can do most currency.

The problem is you hardly will be able to directly put it in my bitstamp account, are you?

culexevilman

legendary

Activity: 1064

Merit: 1000

Bitcoin is too valuable to be used as a currency

I am arbing and if you got money wanting to arb I can get CNY out of china through Taiwan ATM From there we can do most currency.

Topic: Wall Observer - China wall movement tracker - page 6. (Read 34624 times)