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2041  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 19, 2013, 06:16:13 PM
Very Important Christmas Gift Advice :

This thing is currently way overbought and mid-term overvalued considering the chinese exchanges current state of affairs..
No more fresh CNY, not even bank transfer cause the exchanges never used them and won't be allowed.
No more frenzy buying by china gamblers, no more capital control bypass trick. Remember they were the one that ignited this baby.
 A $100-$150 difference in price tells volumes,that china is weak though they account for 20%-35% of the btc market.
In the coming days they will be dumping on other exchanges, especially on bitstamp to get USD at the best rate. Selling pressure will be overwhelming.
All chinese exchanges reinstated fees, to milk while they can, until they  move to HK with NO big fat pocked china man ot simply close shop! There is no way around that.
Yes i'm saying all that after i sold and happy in fiat without loss Cheesy. And don't worry i won't buy back your coins until lower lows are achieved  Cheesy

You can thank me later for saving you from losing some $$$  Grin


Looks like the rally caught the bears off guard.

Uhhh Not really  Wink

Stamp:

Sell   Dec. 19, 2013, 3:13 p.m.   -13.61895395 BTC   $9,383.46   $689.00    $18.77
Sell   Dec. 19, 2013, 3:13 p.m.   -0.28899855 BTC   $199.12   $689.00    $0.40
Sell   Dec. 19, 2013, 3:13 p.m.   -0.08500000 BTC   $58.56   $689.00    $0.12
Sell   Dec. 19, 2013, 3:13 p.m.   -9.37674891 BTC   $6,460.58   $689.00    $12.93
Sell   Dec. 19, 2013, 3:13 p.m.   -52.63029859 BTC   $36,262.28   $689.00    $72.53

Well than why are you posting if so confident? Something about pride going before something.... Cheesy

Im just sharing my thoughts and there's a high probability i'm right so yea it'l make me proud to have saved some lost souls.  Cool

No matter what its always wise to have fiat on the side in a turbulence like this. The trend isnt reversed yet, until ppl stop looking Chinese exchanges....
2042  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 19, 2013, 06:13:37 PM
Wow, this is exciting... So quiet, so much tension in the air. What wil happen next?

didnt you get the memo?

Arbitrage trading means the market will go down short term until China market is irrelevant.



What?

Well no CNY coming into any Chinese exchanges is the fact,

Several hours ago when the news about one exchange still have deposit working actually cause it to be shutdown: http://www.reddit.com/r/Bitcoin/comments/1t8j7c/proof_that_btc38_takes_cny_for_btcltcxrp_etc/ce5j1s9

Chinese government already decided BTC is not for its ppl
2043  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 19, 2013, 06:10:50 PM
Wow, this is exciting... So quiet, so much tension in the air. What wil happen next?

didnt you get the memo?

Arbitrage trading means the market will go down short term until China market is irrelevant.

2044  Bitcoin / Bitcoin Discussion / Re: Is there currently a coordinated effort by CB's to destroy cryptocurrencies? on: December 19, 2013, 06:09:08 PM
bitcoin is bad for banks. period.

the first bank or country that embraces bitcoin and sort out its dilemma will rule the future.

This is the chance for small banks to crush all the big guys.... Slowly adopt and support bitcoin business until you got enough capital to go fully public.... (i bet the big banks will try to cut them off if they do it too strongly)
2045  Economy / Speculation / Re: Why Hedge Funds will not throw money into BTC on: December 19, 2013, 06:05:10 PM
Hedge fund managers rather spend your money on hoes and drugs....True story....

They're living a dream, spending others money.
2046  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 19, 2013, 06:02:38 PM
Is there a reliable way to withdraw money from Stamp to a Chinese account?

I dont see a problem... transferring money into the country. It has always been transferring out thats a problem.

I know a Chinese family that move a large sum back to China to buy a house. Its done by bank wiring.
2047  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 19, 2013, 06:00:59 PM
Very Important Advice:

This thing is currently way overbought and mid-term overvalued considering the chinese exchanges current state of affairs..
No more fresh CNY, not even bank transfer cause the exchanges never used them and won't be allowed.
No more frenzy buying by china gamblers, no more capital control bypass trick. Remember they were the one that ignited this baby.
A $100-$150 difference in price tells volumes,that china is weak though they account for 20%-35% of the btc market.
In the coming days they will be dumping on other exchanges, especially on bitstamp to get USD at the best rate. Selling pressure will be overwhelming.
All chinese exchanges reinstated fees, to milk while they can, until they  move to HK with NO big fat pocked china man or simply close shop! There is no way around that.
Yes i'm saying all that after i sold and happy in fiat without loss Cheesy. And don't worry i won't buy back your coins until lower lows are achieved  Cheesy

You can thank me later for saving you from losing some $$$  Grin


Makes sense. But it also makes sense that they would already be dumping. It's bitcoin, they can send it from one exchange to the other. Where is the dump?

Can you see this price difference continuing? Impossible, It will adjust i guarantee you that, maybe 5% max, but not 20% as currently.
And most important factor is china's CNY wont contribute to btc growth, and they were a big factor in price surge. Selling pressure shall grow over the next few days.
 


Probably. Maybe. But your really just hoping at this point. We really don't know what is going to happen with this situation. Whether bitcoin is reinstated in China soon - possibility - or if Bobby will shut down the exchange completely. Or if Chinese really want fiat at Bitstamp.

Its all probability but the odds are in favor of shutting down exchange....

You just bought back in didnt you Wink
 
2048  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 19, 2013, 05:59:38 PM
This is it guys, exactly how i predicted .... no more money coming in to any btc exchanges in China. All the ppl who scoped cheap coins gonna dump it within a week at foreign exchange for USD.

btc38.com exchange got SHUTDOWN , probably for accepting deposit :

http://www.reddit.com/r/Bitcoin/comments/1t8j7c/proof_that_btc38_takes_cny_for_btcltcxrp_etc/ce5j1s9
2049  Economy / Speculation / Re: Why didn't you sell? on: December 19, 2013, 05:21:03 PM
I didnt sell because my balls got balls..... heck even my balls hairs got their own balls. Its a tree of balls down there , you hear me?


2050  Bitcoin / Bitcoin Discussion / Re: One thing that makes me excited right now... on: December 19, 2013, 05:13:28 PM
yes, you can see it all over the news.

this morning; Overstock.com.

watch Brian Armstrong's video of what's coming in 2014.

Overstock, eh?  wowzers

.... its gonna be a while tho.... 2nd half of 2014? Really? Yeah..... if they have to take that long, i bet they're:

+ hoarding coins
+ searching for/forming a new business for hedging bitcoin to completely push bitpay out

2051  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 19, 2013, 05:08:09 PM
Pretty big news. Overstock.com has been around forever and is a big US company.

http://newsbtc.com/2013/12/19/overstock-com-begin-accepting-bitcoin-2nd-half-2014/

yeah..... 2nd half.....  Roll Eyes Thats like eternity in bitcoin times

Meanwhile we have to deal with China arbitrage situation, within a month, we're gonna drop to low 600s or even high 500s until most coins are out of China.
2052  Economy / Speculation / Re: Why is China Going Up Right Now? on: December 19, 2013, 04:56:32 PM
It's actually pretty surprising. If you read the news, almost all the bitcoin news is bad, and much if it is just plain wrong. There are articles about how bitcoin has been crashing just published in the last couple hours but in the last day or so bitcoin has been going up! I guess those articles were writted 2-3 days ago.

Media understand nothing about Bitcoin and they don't care about it. They just want to sell space for ad.

+ 1 Unless their chief editor involved in bitcoin trading..... then we will have all kind of BS agenda.
2053  Economy / Speculation / Re: A possibility in China on: December 19, 2013, 04:52:54 PM
oda.... welcome to my ignore dumpfck
2054  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 19, 2013, 04:48:30 PM
Bitfimex margin trading is the lifeblood of this whole market. When bitfinex decouples, everything stops.

yep, I never thought so until I saw it now. Imagine if some huge leverage trading platform with big fishes would arrive.



no, this has nothing to do with margin trading, but one big player moving against another.

why does it happen on Bitfinex only and not on Bitstamp now when they are down?

Which exchange does bitfinex use? I thought they're a bucketshop

2055  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 19, 2013, 04:47:16 PM
lady and gentlement.... you are witnessing arbitrage right now....

This will repeat several times before the chinese exchange ran out of coins.



LOOK at that..... dont let me say "I Told You So"

2056  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 19, 2013, 12:38:24 PM
There is no end to the bitcoin rollercoaster.
But you need to emotionally detach yourself from the coins.

Don't trade with emotions or you'll lose more than you gain.

So not truth... I love my coins!

So don't trade Smiley

duh? see his sig
2057  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 19, 2013, 12:37:54 PM
lady and gentlement.... you are witnessing arbitrage right now....

This will repeat several times before the chinese exchange ran out of coins.
2058  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 19, 2013, 12:27:11 PM
Do you guys think we are finished with the China crash now? Or will we see new lows before the dust settles?

I had no fiat when the big crash happened, selling a bit on the way up now to be ready for cheap coins if we go back down. I personally have a strong feeling we will go back down hard.

Those coins being bought from China has to be sold somewhere else within a month yeah?

So where do you think they will be sold?

The coins have to be sold within a month... why?
My guess is non Chinese money is buying the cheap coins.

You just answer your question....

The official statement says all deposit and withdrawn will be stopped by Chinese New Year.

As for non Chinese buyers..... how do they deposit money into the exchange now? The best they can do now is spend all the fiat already in the exchange and move the coins out.

2059  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 19, 2013, 12:18:14 PM
Do you guys think we are finished with the China crash now? Or will we see new lows before the dust settles?

I had no fiat when the big crash happened, selling a bit on the way up now to be ready for cheap coins if we go back down. I personally have a strong feeling we will go back down hard.

Those coins being bought from China has to be sold somewhere else within a month yeah?

So where do you think they will be sold?
2060  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 19, 2013, 12:17:05 PM
True. The price has decoupled.
But the movement across exchanges is too similar.
btc-e



Ofcourse it has to be similar ... why do you think otherwise?
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