Kinda funny how the blood moon coincides with the April 15th China ban, odd coincidence  |
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But... AFAIK the Chinese with money enough to play with Bitcoin doesn't need the Chinese banks for nothing, they have money scattered all over Europe and US. The ones fully dependant of Chinese banks barely have enough for rice, leave alone Bitcoins.
According to Bobby Lee of BTCChina, at the height of the bubble he did some demographic analyses of his customers and the vast majority (+95%) of them were upper-middle class retail investors, not institutional investors. Most of these people do not have foreign bank accounts. |
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I'm only waiting for once we go below 400  Oh boy, all those stop-loss orders and margin calls.  |
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Why is Huobi higher than Stamp if China is dying? The perpetrators of this latest misinformation buying?
Perhaps Chinese coins are being offloaded on Bitstamp/Bitfinex? So, some of those Chinese can continue to trade after April 15th. |
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go to 400 already
Whales are waiting for the pigs to provide more bid support.  |
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So when Gox goes down everybody sells on Bitstamp. When China goes down everybody sells on Bitstamp.
Are Bitcoin traders the biggest idiots on the internet or what?
When China is gone i bet they will find another failing exchange to follow so they can panic sell every day.
Bitcoin is a highly speculative asset, you still haven't figured that out already? |
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When exactly will FINCEN block US Customers from using Bitstamp or have they registered in the meanwhile?
Covert elements of the US government are behind bitcoin, hence why China and Russia hate it so much. US will never ban it. |
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Technical traders are waiting if 400 actually holds or will instill a mass panic and break. No true break out until then.
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the price wont go back to where it started, because then nothing would've been achieved.
It doesn't have to, that chart is just an extreme example. Nevertheless, corrective waves can get fairly close to where previous bubbles took off (see bitcoin in 2011 for example). |
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Except we are way past 5 waves at this point. Which suggests some other mechanic s are at work.
Some bubbles belonged to the same general wave (the two of 2013 for example). Consensus among EW chartists is that bitcoin currently is in a corrective wave C of major wave 3. |
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What goes up, must come down.  |
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Did you consult your mirror b4 posting that?
This is the speculation section, hence the speculation.  In no way would bitcoin have gone over 1K late 2013 without the China frenzy. |
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The Gox insolvency would have impacted bitcoin even more without China involvement. Probably around a 500 ATH and a crash towards 75-200 would have played out without China.
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Wow LTC @ $12 I wish I had some Fiat left LTC is even more affected by China than BTC. Wouldn't be surprised if it went single digit again. |
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What was the price of bitcoin before China got involved?  135 was the pre-China craze resistance price. And around 200 USD Chinese volumes really took off. So, somewhere between 135-200 USD seems to be the non-China pumped price. |
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Once again 'fud' turned out to be true... just like with that Gox document denial.
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Yeah, that's not funny at all...
It's harsh, but great indicators during the first China crash and the Gox crash. |
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holly molly
even the poll is showing bearish results!
how can this not be bottom?
Are there suicidal posts on r/Bitcoin yet? The bottom is in once they show up. |
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I guess that 563$ seller from few days ago was someone in the know.
Bobby Lee of course. Two faced punk. |
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