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81  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 07, 2014, 11:14:13 PM
everybody ready for a bloodbath?  Grin
82  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 07, 2014, 05:03:43 PM
Anyone an idea about what triggered this mass buy?  Huh
83  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 07, 2014, 01:32:48 PM

I think it was something about a Chinese bank account closing or the 'apr 15 deadline'. I don't really care about the news though. I just know when we are close enough to the downtrend line, we are bound to go down for some reason or another - the market is just looking for any excuse to jolt down.

You have a shorting target then?

I don't have any guess about the bottom that I can be confident about. I am closing out all my trading positions on the next big move, whether it is up (Trend reversal), or down (good price) and quitting trading.

Agreed, bitcoin is a terrible asset to trade atm, fees are too high and volatility is way too low.
84  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 07, 2014, 12:27:03 PM
The BIG question is: " Are we going to do another March 26th"?  Huh
85  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 07, 2014, 12:08:21 PM
Great news indeed, according to WSJ China government is finally enforcing the regulations.
Chinese people holding BTC in one of the exchanges after 10-05 are basically fucked, as is also suggested by some people on the Chinese sub-forum of this board.

Funny that, this was on BTCChinas facebook page from 15 mins ago

Dear Customers,

Contrary to some recent media reports, deposits to BTC China are still available via two methods: BTCC Voucher and Cash Deposits. Our Exchange is operating normally and all customer funds are secure.

We recently removed the Bank of China's bank transfer deposit method at the bank's request. We plan to provide our customers with more deposit options soon. Please stay tuned.

BTC China Team
May 7, 2014

BTC China are a bunch of lying snakes. Remember the  "Bank accounts are closing??? We have heard no such news!" responses?
86  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 07, 2014, 11:59:47 AM
Great news indeed, according to WSJ China government is finally enforcing the regulations.
Chinese people holding BTC in one of the exchanges after 10-05 are basically fucked, as is also suggested by some people on the Chinese sub-forum of this board.
87  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 07, 2014, 11:51:26 AM
Great! We have a small rally and (Chess)nut is back  Cry
88  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 07, 2014, 11:31:03 AM
You're most probably right TERA but still, it's refreshing. Also, trains.



Although this movement goes against my positions, it beats seeing this boring stable trendline.
89  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 07, 2014, 11:24:49 AM
Shorts closing on Huobi?  Huh
90  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 07, 2014, 11:05:17 AM
On to more serious matters, why are there such big buy orders on Huobi?
91  Economy / Speculation / Re: ardent speculators: consider shorting before 4th May 00:00GMT (that means 3rd) on: May 07, 2014, 10:47:32 AM
Just a short question as I am not Chinese and can only read it using Google Translate, which is far from optimal. I just went over to the Chinese sub-section of this board to see what their sentiment is concerning the PBOC and the whole exchange thing. For as far as I could tell, they are about as much in denial as the people on the speculation section. Could you please shed some more light on what you think is the current sentiment concerning bitcoin in China?
92  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 07, 2014, 09:14:00 AM
@TERA and windjc - Still short?

Well I am and I am not closing those until Bitstamp hits atleast 465 on high volume.
93  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 07, 2014, 08:22:58 AM
What if Huobi now has a system in place that would only let the price fluctuate 50 yuan a day? To protect its traders?

edit:
I know it sounds crazy but we are dealing with an exchange in distress here.
I'm curious as to how exactly you purpose this would be implemented

fake sells as soon as price rises too much and fake buys as soon as price drops too much? Or stop processing buy or sell orders as soon as max or min price for that day has been reached?

edit:
like I said before it is far fetched, but it would kill volatility
94  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 07, 2014, 08:11:15 AM
What if Huobi now has a system in place that would only let the price fluctuate 50 yuan a day? To protect its traders?

edit:
I know it sounds crazy but we are dealing with an exchange in distress here.
95  Economy / Speculation / Re: Multi-Timeframe Technical Analysis on: May 07, 2014, 03:16:56 AM
Please dont post about TA if you dont know what you are doing. Lips sealed
96  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 06, 2014, 11:47:25 PM
Now its only 1900 btc to 2570 on Huobi (yes I am not counting the 500btc fake wall)  Grin
97  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 06, 2014, 06:26:28 PM
Hey Guys look what I found on pastebin, looks like someone leaked some marching orders from the puppet masters.

How embarrassing!

Quote
Troll Talking Points
 May 6th, 2014

Greetings gentlemen, first let me start off and say you have been doing very good work lately.
However we would like to remind you that you need to post in other forums besides Speculation,
as it is becoming quite apparent when you purchased your account from a real member since the account
stopped posting in other forums. Remember keep up your appearances, so as to not blow your cover.

Also some of you have been posting too much in "TOTAL TROLL" mode. Remember you need to dial it back
every now and then and post like an actual moderate bear would. This lends you creditability for your
"TOTAL TROLL" mode, when it is deemed necessary by the powers that be. And also keeps the actual bears
on your side, and they will even back you up sometimes... LOL.

Now onto today's talking points:

* OPERATION FUD - People were starting to react positively to the term FUD being thrown around, and it was
  starting to dilute our message. As you know the effort to re-term it to mean Fact U Dislike has worked moderately.
  Please keep mentioning it when someone points out our actual use of FUD.
  
* CHINA, CHINA, CHINA - The powers that be are coming to the end of the China ban milking. Now that China's actual
  influence on the markets has dwindled its time to switch tactics. Let's try "China is the only thing that makes
  Bitcoin worth more than $100". Find correlations between events in China to price rising and failing. Nevermind
  the growth outside of China, keep them focused on China. We want maximum panic when the exchanges finally mention
  they are leaving China.
  
* CHARTS - Now that you've all been through "negative slope" training, don't forget throw up a couple trendlines
  that point out how Bitcoin is going down to $0. Remember its not you making the numbers go down, its just what
  the trend it pointing out. Don't forget an emoticon for an effective reaction Wink
  

That's it for today. Your Bitcoin payments are on their way. Don't forget to put your shorts in, as you know we
definetely will let YOU know when the squeeze begins.

Busted!  Cry
98  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 06, 2014, 02:56:31 PM
So no serious answers then?

What is one good reason to have OKCoin on the foundation board if they are about to get shut down... There isn't one. And gox doesnt count, gox was on the board way before most the trouble and was also probably the only exchange to choose from in regards to having one on the board.

Quote
Shortly after OKCoin was founded, they received a $1,000,000 USD angel investment from VenturesLab and Silicon Valley Venture Capitalist Tim Draper. At the end of 2013, OKCoin closed a Series A round of funding led by Ceyuan Venture Capital, raising $10 million USD.

A clue there, I think.

Quote
OKCoin just released an English version of their website that opens up their top of the line services, such as P2P margin trading, to the international market.

Another clue.
-> OKCoin desperately looking for ways to stay in business. VCs desperately looking for ways to protect their investment.
Exactly, they were screaming from the top of their lungs that they will just simply move abroad if they cant do business in China. Now it is time to walk the walk, they dont know what to do and ask the foundation for help.
99  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 06, 2014, 02:52:43 PM
So no serious answers then?

What is one good reason to have OKCoin on the foundation board if they are about to get shut down... There isn't one. And gox doesnt count, gox was on the board way before most the trouble and was also probably the only exchange to choose from in regards to having one on the board.

My answer was pretty serious.
100  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 06, 2014, 02:45:25 PM

Todays news actually, funny that. If all Chinese exchanges are on the brink of closing as many in here believe, why are they being added to the foundation board?

Because there is a shitstorm coming for BTC and they are putting their heads together to find a way to avert this?
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