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601  Economy / Speculation / Re: I AM HODLING on: December 18, 2013, 09:27:00 PM
HODLERS UNITE! Let's go invade the bears bunker thread, for the lulz  Grin

(joking)
602  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 18, 2013, 09:24:59 PM
http://www.coindesk.com/bitcoin-price-falls-btc-china-exchange-shuts-fiat-deposits/

Quote
BTC China told CoinDesk it is expecting to reinstate deposits in RMB soon. Bobby Lee said he is now working with another third party payment company to try and reinstate RMB pricing, and is hoping to make an announcement on the Weibo account in the next few hours.

Reminds me of Gox saying they are in talks with other banks.
603  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 18, 2013, 09:16:35 PM


Yup, it's missing btce. Noticed. Also no fresh news.

 Tongue
604  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 18, 2013, 09:01:15 PM
kinda quiet now..calm before the storm?

Everyone's exhausted. Bots are dominating the scene.
605  Economy / Speculation / Re: I AM HODLING on: December 18, 2013, 08:50:54 PM
606  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 18, 2013, 08:50:13 PM
607  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 18, 2013, 08:41:32 PM
I Just put an order in for 1 btc @ 280 = $460 on gox.  Will it be fulfilled??

My ass says no with 80% confidence.
608  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 18, 2013, 07:52:45 PM
China's going to be a dead exchange soon if they can't get money in. All the coins will get transferred out by arb or at a loss. Honey badger don't care. Decouple already happening.

I believe there still are Chinese coins to be sold. Deadline for selling is Jan 31st, although most of the traders are getting the f* out early, since they are scared the exchange can close at any time if the PBOC changes their mind again. That is a surplus of BTC supply that western markets will have to handle, right when most wallets don't have extra spare cash because Xmas.
609  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 18, 2013, 07:41:17 PM
Pff. I missed the top of the sucker's rally. I was temporarily busy with real life, how annoying.

As I expected the Chinese started the second wave of dumps. Now it is going to be interesting to see how much the other markets do care. There is a lot of fiat left at the exchanges, making people nervous.
610  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 18, 2013, 06:35:06 PM
Now for the lulz:

http://thediplomat.com/2013/12/bitcoin-hackers-reportedly-target-peoples-bank-of-china/
611  Bitcoin / Bitcoin Discussion / Re: Chinese Central Bank DDOS'd by "Foreign Bitcoin Investors" on: December 18, 2013, 06:34:17 PM
Other source:

http://thediplomat.com/2013/12/bitcoin-hackers-reportedly-target-peoples-bank-of-china/
612  Economy / Speculation / Re: why no harder crash ? on: December 18, 2013, 02:57:01 PM
The question now is: was that it? Congrats to those that were able to buy sub-$400

But only if they are smart enough to sell before it goes back below $400.

Which I, at this moment it time, believe it will.

Bitcoin = not to be played with for time being.

It is a possibility, like it's also a possibility that you missed the train.
613  Economy / Speculation / Re: $500 - how did you know? on: December 18, 2013, 02:01:04 PM
So price will drop to $400?

Check the stamp bottom today.
614  Economy / Speculation / Re: why no harder crash ? on: December 18, 2013, 01:51:37 PM
Here my day:

1. wake up early and hungover
2. see ticker on the phone "wtf this is too quick"
3. fire up tablet, read charts, read about Bobby Lee saying not to worry. Worry.
4. get out of bed, unlock cold storage, send a heavy load of coins to stamp and make a guess for the bottom
5. get ready to go to work
6. market sell order from phone
7. arrive to work
8. dollar cost averaging all the way from 15 dollars lower than current price to my guessed bottom.
9. wait.

Result: almost all my orders got filled. Rest bought below 500 when I saw signals of the tide turning. 13% more coins in my pocket.
Now I just need to convince myself to put the coins back in cold storage and NOT try to do that "one more trade" to profit from the inevitable suckers' rally.
615  Economy / Speculation / Re: $500 - how did you know? on: December 18, 2013, 01:38:23 PM
rpietila, few days ahead. Educated guess of a mad trader.

OTOH: Chinese mania started when they broke 2000 CNY. So yesterday I said at a meetup that if you have the balls to trade then you should place buy orders around the USD equivalent of 2500 CNY. But I also said: that number is mostly a guess out of my ass. Although I looked confident and showed charts on my phone as "proof".

I know you are reading this Wink you're welcome, dude...
616  Economy / Speculation / Re: Everyone knew about China already on: December 18, 2013, 09:30:36 AM
Fiat -> Chinese exchanges has been temporarily suspended.  The CNY exchanges might disappear for all we know.  This is news.  And if you haven't noticed already, the news has been getting progressively worse out of China.  Who knows what other regulations they might have in store?  The market will have to flush out all but the most dedicated Chinese bitcoiners.

Yes but we knew about this grip-tightening for days already.

People act like Bitcoin's future is tied to China. Why? It's simply not true.

The future of bitcoin is not tied to China but China is an important part of the equation.
Right now all those CNY are exiting the market. Too much sudden supply of Chinese coins, not enough western demand.
617  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 18, 2013, 12:07:15 AM

Why quoting the champion of ignore lists? Cui prodest?
618  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 17, 2013, 11:57:39 PM
My guess is, we may finally see what it looks like when users exit an exchange for good.

Ever heard of btc24?

I have, unfortunately. They stopped trading altogether, that's not what I meant. Mt. Gox's withdrawal issues have led to some theories about what happens when cashflow to or from an exchange is cut off, the chinese exchanges look poised to give us some real-world examples.


So you weren't there. About a week before btc24 stopping trading and admitting the seizure of the funds, btc24 troll box started being full of complaints from people that hadn't received their fiat withdrawals for two weeks. Price went up 20% higher than Gox before they stopped processing any withdrawals including btc. I quit at a 10% loss, just a few days before fuckup.
619  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 17, 2013, 11:43:09 PM
What's going on with chinese exchanges? Volume dropped to nothing ...

They're sleeping

Its 7.30 am in China.  Sleeping in?  Volume does look very light.  Lag?

It's not like they had a good night of sleep the day before...

EDIT: and most bots are now down because trading fees.
620  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 17, 2013, 11:41:51 PM
My guess is, we may finally see what it looks like when users exit an exchange for good.

Ever heard of btc24?
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