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121  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: April 29, 2014, 01:47:10 AM
Any thoughts on this one? News released today. This could crash the price hard. 385000BTC for $3M USD? what?

http://www.coindesk.com/us-government-sells-silk-road-users-seized-bitcoins-for-3-million/
122  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: April 29, 2014, 01:09:45 AM
You guys can't find it?? It was posted on a bunch of China BTC news press

Original source:
http://news.hongzhoukan.com/14/0428/mr122254.html

Also found on:
http://www.btc38.com/btc/altgeneral/1542.html
http://www.bi126.com/Analysis/btc/2014-04-28/1086.html
http://business.chinadaily.com.cn/2014/0428/1386875.html
http://www.bit-sky.com/index.php/2013-12-16-02-19-33

Quote
Recently, reporters from Hyflux entertainment game's official website informed that the company recently completed a large international Bitcoin transaction again from the international trading market Bitcoin Bitcoin purchased twenty thousand again, coupled with previously acquired two pieces at the beginning of the bit currency, its total to forty thousand, equivalent to more than 120 million yuan.
123  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: April 29, 2014, 12:43:12 AM
To clear any confusion, the "bounce" today was due to k8.com (Hyflux entertainment) buying about 40,000 BTC using international exchange
124  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: April 28, 2014, 07:07:15 PM
So now we go up slowly until chinese decide to ban some more stuff tomorrow?

Just look at Huobi orders on bitcoinwisdom... Volume is so fake. 1 real order every 5 minute, literally
125  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: April 28, 2014, 09:40:20 AM
450 bid btc wall gone in minutes. During a rally!

The 1m chart clearly shows that the rally has failed (there has been an attempt)
126  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: April 28, 2014, 08:11:52 AM
According to reports, PBOC requires commercial banks and third-party payment agencies to convey to the public that it no longer provides financial services to any Bitcoin transaction before May 10th "Bitcoin Beijing International Summit".

The deadline is real guys
127  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: April 28, 2014, 08:06:25 AM
It's the same message used by Alipay and China Merchants bank
128  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: April 28, 2014, 08:03:22 AM

Interesting. I have read exactly the same notice from 1 3rd party processor and 2 banks. It is a canned statement written by the PBOC

Then that's definitely scary for Chinese investors. Withdrawal channel  ban + purchase of recharge code (literally any activity related to BTC)? Or did I read wrong?
129  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: April 28, 2014, 08:00:08 AM

What is your source for news?

Crazy that they also banned withdrawal channel!

Quote
withdrawals of funds, purchase and sale of recharge codes related transactions and other activities not through my bank account funds transfer related transactions. Once found, the bank is entitled to take account transactions related to the suspension, cancellation related accounts and other measures.
130  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: April 28, 2014, 07:32:16 AM
I just found this item:
http://www.wired.com/2014/04/darkmarket/

Slightly bullish for adoption if someone really takes off with it.  A more secure Silk Road.

Isn't this the DarkCoin promoted market?
131  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: April 28, 2014, 07:27:39 AM
Rpietila

Grow some balls man. Youve lost your bet. Otherwise you're just a pussy trying to find some lame excuse. Anyway, don't try too hard, who cares about internet reputation, right? I certainly don't
132  Economy / Speculation / Re: Final warning for those who sold their house on: April 28, 2014, 06:43:45 AM
$2 per coin. Really? Even I am not that bearish. I don't think it could possibly go below $140 unless there was a total failure of some sort. I got this number by connecting the support trendline from 2011-2012, and I'm not saying that it will even necessarily go there.

Could happen if FinCEN bans BTC
133  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: April 28, 2014, 05:01:52 AM
"BTC China ‏@btcchina  4m
@Quiontron Hi, we are still accepting deposits from Bank of China. All withdrawals are not affected. Thanks."   

Ah. Thanks, missed that. Yeah, it's the only bank left for Huobi and BTCChina then. Already closed their account on  CHBTC. I somehow got confused

I doubt PBOC will ban fiat withdrawal. If it does happen, shit will hit the fan. Banning all fiat deposits is already a huge step towards slowing down BTC adoption in China
134  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: April 28, 2014, 04:55:59 AM

That's not what I'm looking for. We know that Merchants Bank is cancelling accounts (simply look at BTCChina announcement yesterday and CHBTC's announcement on the 25th)

There must be something else! Otherwise it's insider trading lol

Look. Isn't it kinda of obvious that its just a matter of time now before deposit options are completely are almost completely eliminated?

These exchanges are destined to move offshore.

Well deposit options have already been eliminated. CHBTC, OKCOIN, BTCCHINA all froze fiat deposits. Unless these guys are now quietly withdrawing while they can and crashing the price, what are we waiting for?

Chinese exchanges won't be banned. Cash deposit will still be accepted. However for large transfers you'll have to do offshore transfers

What kind of news are we waiting for this time?
135  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: April 28, 2014, 04:48:50 AM

That's not what I'm looking for. We know that Merchants Bank is cancelling accounts (simply look at BTCChina announcement yesterday and CHBTC's announcement on the 25th)

There must be something else! Otherwise it's insider trading lol
136  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: April 28, 2014, 04:40:36 AM
Wow. I'm trying to search for any bad news. This drop from 2619 to 2559 must have something behind it.. really weird..
137  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: April 28, 2014, 04:06:43 AM
Btw, Houbi's chart looks horrible. (Its finally working on bitcoinwisdom though!). We made new lows today and the 50% fib is acting like resistance. It seems almost inevitable that we see 2500 soon.

If there is no bad news in China why is Houbi breaking down through support?

I had to short some more. Just to obvious that we will see more downside.

Who knows, maybe I am wrong.

Yeah it's quite weird. Drop without any bad news. That's why I said insider trading..
138  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: April 28, 2014, 03:57:02 AM
Good news! NO FUD.

BTCChina:

http://www.weibo.com/2149945883/B1MStEjN0?mod=weibotime

Quote
Small partners about bitcoin China suspended all news withdrawals are false news Bitcoin Chinese recharge and withdrawals everything is normal. If you need help, please call customer service phone 400-664-3033

Who knows if it's true.

Human translation: Rumors about BTCChina suspending withdrawals are false. Recharge and withdrawals still working
139  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: April 28, 2014, 02:29:11 AM

Yeah, because Bitcoin is sooooooo static.

By next summer the bitcoin-eco system is going to be 10x what it is today. There are so many big projects being worked on right now. I truely believe we will have a "killer app" or two by then amongst other innovations.

The price won't be $500. And no one will be complaining.

i'm curious on what happend to this windjc that I knew of Huh
I just wanted to ask, because I remember him chastising me and others for suggesting a bear market because fundamentals. Those fundamentals haven't changed as far as I see.

Anyway, hopefully the bet was finalized. Congrats on winning. Cheesy

Of course the bet wasn't finalized. Have you EVER seen Rpeitila actually put his money where his mouth is? You've been here longer than any of us.

Those quotes that were posted of me from months ago - that was a different me. I had only experienced the bull market - I got involved in September. I was caught up in the fever.

Now I am getting to experience the bear. This has been an excellent experience for me.

If we are all lucky enough to see another bull market - if bitcoin does succeed (who knows?) - then I will be greatly prepared to capitalized off of it both ways.

I should have sold at 1100. I should have shorted all the way down.

I was too naive to do so and it cost me millions.  

Not anymore.

There is more suffering to come people. Bitcoin went up 3000% last year. 2014 is a year for pain.

If I were to guess, we are going to reach a point in the next 6 months where the very survival of bitcoin will come into question - not because if we drop to 260 or below that it actually means anything - but because people will perceive it to me so much - miners will panic, VCs will panic, companies will tout other altcoins.

And that will be the time to buy. Although, without China, we won't see 3000% annual gains anymore. That was a special case.

you're a rich man!
140  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: April 28, 2014, 12:40:20 AM
Huobi pump incoming! already 2659 (from 2619)

2680...

Finex trading under  Huobi's price
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