I assume that the next real dump will be a brutal one. A few chinese exchanges might go dark overnight and even
leave customers back MtGox style, most of them will shutdown completly at least(without stealing). I expect total chaos,and nothing less. This right now is truly the calm before the storm.
But at least we might see a reputable bounce after the upcoming chinese desaster flash crash.
either this, or they will relocate to Hong Kong. Are you new here? Don't quote the troll. Don't requote the troll  Yeah, my bad. ShroomsKit stop quoting me or i will put you on my ignore list. Last warning! |
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Talkin about "priced in". MtGox believers bought coins on bitcoinbuilder and sent money until the last minute(their website went down).
The price didn´t really crash until they announced bankruptcy altough it was obvious to anyone with two brain-cells what is going to happen.
The same sentiment is present right now, a lot of people believe that PBOC will suddenly change their attitude, and out of the dark fairy whales appear and buy the price up to 1000(000)$, just because China might eventually not get banned 100%.
I don´t believe that the common chinese trader is smarter than the western ones, and so most of them will trade(and even sent fresh money) until the last minute till they realize that it´s suddenly too late to get money or coins out.
Bitcoiners are often in denial, we will know the true china-free price when they have completly shutdown their service.
Price is again (probably) artificially being upheld by your favorite whales. I assume that a lot of people that are truly in the know are
cashing out as much as possible without crashing the price too much. The 400$ support has been built to vreate an atmosphere of safety for the traders(pigs). "Cause hey, 400$ it must be the bottom we bounced of that 3 times before, so let´s buy all those cheap coins
it´s basically free money"
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So this is it. China gone, Mt Gox gone, general public trust gone. We're going to see 100's again.  I hope so! But in reality... dream on  Indeed. Even me, with my extremely limited knowledge about the markets, do not find this a logical outcome. Maybe we'll see the low 300's, but that's really it. There seems to be a lot of resistance around 350. Also: I believe that most of the panic sellers have left already, but the coming days will have to prove that. $5 Million between $400 - $200 , why won't they pull out. Because they want all the cheap btc Exactly! |
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I assume that the next real dump will be a brutal one. A few chinese exchanges might go dark overnight and even
leave customers back MtGox style, most of them will shutdown completly at least(without stealing). I expect total chaos,and nothing less. This right now is truly the calm before the storm.
But at least we might see a reputable bounce after the upcoming chinese desaster flash crash.
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Another interesting statement from Bobby Lee: “A general lack of domestic investment targets, coupled with the lack of understanding of bitcoin led to bitcoins becoming speculative grade. After the April 15 message, investors will re-evaluate bitcoin, an industry reshuffle may also occur.”
Lee confirms that the ban will happen on April 15 and expects a massive crash. (Industry reshuffle + reevaluation because of too much speculation) Wow, that sounds a lot more negative than what he stated he in the days before. Thanks for keeping this thread updated. |
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ShroomsKit can you confirm that all third-party payment processors on chinese exchanges will be no longer available from tomorrow on? (April 5th)
Thanks
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It would have went down anyway, the top was reached , bulltrap finished.
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1000 "cheap" BTC 436 @ Finex
Edit: pulled
Edit2: now@441,4
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OKCoin confirmed bank ban "We received a clear Merchants Bank, Shenzhen Branch of China Construction Bank's notice, that it could not continue to provide settlement for the Bitcoin industry, so we can not continue to use the public accounts, the more feasible the personal card. We also consulted the United States, livelihood and other banks, the other account services are unable to provide feedback. Some people say that the era of deliberately shutting down recharge deliberately operate covertly, and if so, we would not have spread the OKCOIN." Thanks for the update. When will Bobby Lee and Huobi admit it? They should stop fooling the whole community. Whats more strange is why they always release statements at trend-line convergence. I said yesterday the top on Huobi would be 2797. We made it just short at 2789. But just before we got there, this "new" news. All the news from Chinese exchanges has come at very dubious times. I thought the same, this can be no coincidence, exact the same chart pattern happens twice within days, getting triggered by ban news... |
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OKCoin confirmed bank ban "We received a clear Merchants Bank, Shenzhen Branch of China Construction Bank's notice, that it could not continue to provide settlement for the Bitcoin industry, so we can not continue to use the public accounts, the more feasible the personal card. We also consulted the United States, livelihood and other banks, the other account services are unable to provide feedback. Some people say that the era of deliberately shutting down recharge deliberately operate covertly, and if so, we would not have spread the OKCOIN." Thanks for the update. When will Bobby Lee and Huobi admit it? They should stop fooling the whole community. |
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Bobby Lee is as nasty as Mark K.
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Bull trap finished -new lows about to be confirmed soonish.
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I just called them and they said: Sorry, no chance!
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Bears frustrated for sure...the louder they are the more impatient they are getting...
Price falls from 1143 to 400$ and stays there -> bears are frustrated -> sure thing  Join the party  |
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I think we've confirmed cat GIFs cause price to drop.
I just smoked a pipe with the best opium available trough BTCI´m pretty sure that caused the drop. I´m workin on a big statistic right now, what substance and in which amount consumed causes effects on the BTC price. I can say so far that there are definitely some direct coherences. I´ll post the evaluation when i´m done, might take 2-3 more weeks. |
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LOL London’s Iconic O2 Venue to Host Bitcoin Fight Night A rather familiar face will also be taking to the ring – broadcaster and bitcoin enthusiast Max Keiser. He’s competing in a celebrity bout against a professionally trained fighter who is a big supporter of Jamie Dimon, the chief executive of JP Morgan Chase. http://www.coindesk.com/londons-iconic-o2-venue-host-bitcoin-fight-night/ |
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more deletions.
Did the IRS already sent out their first invoices? Early adopters covering their tracks? (Hi Goat) |
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