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.
Topic: Wall Observer - China wall movement tracker - page 7. (Read 34624 times)
IMO in 2 - 3 hours btcnCNY will decide if the uptrend continues, or it crashes hard again. My guess is it will crash hard.
(Anyone have a log chart for BTCChina?)
http://bitcoincharts.com/charts/btcnCNY#rg10ztgSzm1g10zm2g25zvzl
Thanks! Here's the 1-year log chart.
Definitely that last big buy was overboard as it starts to look curvy even on the log chart (just like in late March and early April), but a little consolidation and the growth can continue. Nice volume compared to spring, showing China really is emerging as a Bitcoin player where it wasn't just a few months ago.
(Anyone have a log chart for BTCChina?)
http://bitcoincharts.com/charts/btcnCNY#rg10ztgSzm1g10zm2g25zvzl
China went beyond exponential this week (see weekly chart below), so it probably should correct to around 1150 or 1200 for a bit, or at least stay at its current level for a while (a day? a week?), before going higher. It could also overcorrect, or it could just plow ahead without caring. Anyway, too much watching the short-term charts will fray your nerves.
Here's the 30-day chart for a bit more perspective. (Anyone have a log chart for BTCChina?)
Here's the 30-day chart for a bit more perspective. (Anyone have a log chart for BTCChina?)
Holy crap at that volatility. btcchina just gave you an opportunity to increase your btc 25% in that one drop. It's time to transfer some coins... I almost did earlier but was afraid it's some kind of trap to lure in arbiteurs and steal their coins.
Well, btcchina has operated for >2 years (without major hack) so imo it is pretty safe. The greatest uncertainty is regulation of Chinese government.
Holy crap at that volatility. btcchina just gave you an opportunity to increase your btc 25% in that one drop. It's time to transfer some coins... I almost did earlier but was afraid it's some kind of trap to lure in arbiteurs and steal their coins.
Another key milestone reached by our Chinese friends...
¥ 1.337 ? thats no milestone. I have one for U:
https://www.rmbtb.com/en/
So if i have a friend in china whats the best way to take advantage of this ridiculous price?
For NON-US People its funny how you react no longer being the market maker.
I'm not in the US. I just want to make some money. :p
Another key milestone reached by our Chinese friends...
Finally a healthy correction. It's expected.
Yeah a bit of a dump at Gox $200 as Europe wakes up, hopefully not too drastic yet, still think this rally has some steam I it. 
Falling 15% in a few minutes isn't a crash?
Not when it rose that 15% in 6 hours
Finally a healthy correction. It's expected.
Everyone's eyes get wide with the "mad arbage", but remember.... China is still a communist country. They keep a strong hold on their currency, and it's not easy to take it out of the country. You can't simply have them wire it to you like you can with other exchanges. You can only withdraw CNY to a Chinese (domestic) bank account, and even from there it's difficult to move any substantial amount out of China.
If you go to China regularly, have a bank account there, and can bring out cash when you come back it might be worth it.
If you go to China regularly, have a bank account there, and can bring out cash when you come back it might be worth it.
Just waiting until North America wakes up
Falling 15% in a few minutes isn't a crash?
Hardly a crash when the price is still above what it was 24hrs ago....
Crash and Gox followed immediately.
Looks like someone finally took advantage of the blatant arbitrage opportunity? 
~ 1330 CNY..... no real resistance until 1400..... at this rate, that'll be plowed through in 2 hours LOL
Can see that: https://btcchina.com/
Just wish I had more btc.
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