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JorgeStolfi
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March 28, 2014, 05:49:08 PM |
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Well, there will not be any denial or confirmation of the rumor until Monday 00:00 UTC (08:00 CST) at least. Huobi's traders have finally gone to bed it seems.
If I had to guess what will happen until then, I would say that the price will probably drift down a bit more, as the less active clients become aware of the ban and show up in the marketplace, and skeptical traders get contaminated by the general doubt. Say, the price may reach 2800-2900 CNY by Sunday night.
On Monday, if the report is proven false, the price should quickly return to 3500-3600 CNY. If the report is confirmed, it will presumably start falling again; how deep and how fast, I can't guess.
Is this reasonable? Too obvious?
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It is a common myth that Bitcoin is ruled by a majority of miners. This is not true. Bitcoin miners "vote" on the ordering of transactions, but that's all they do. They can't vote to change the network rules.
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adamstgBit
Legendary
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Activity: 1904
Merit: 1037
Trusted Bitcoiner
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March 28, 2014, 05:55:21 PM |
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Well, there will not be any denial or confirmation of the rumor until Monday 00:00 UTC (08:00 CST) at least. Huobi's traders have finally gone to bed it seems.
If I had to guess what will happen until then, I would say that the price will probably drift down a bit more, as the less active clients become aware of the ban and show up in the marketplace, and skeptical traders get contaminated by the general doubt. Say, the price may reach 2800-2900 CNY by Sunday night.
On Monday, if the report is proven false, the price should quickly return to 3500-3600 CNY. If the report is confirmed, it will presumably start falling again; how deep and how fast, I can't guess.
Is this reasonable? Too obvious?
if they ban it will you then buy a bitcoin? |
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ChartBuddy
Legendary
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Activity: 2170
Merit: 1776
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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March 28, 2014, 06:00:49 PM |
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BitChick
Legendary
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Activity: 1148
Merit: 1001
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March 28, 2014, 06:01:29 PM |
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Well, there will not be any denial or confirmation of the rumor until Monday 00:00 UTC (08:00 CST) at least. Huobi's traders have finally gone to bed it seems.
If I had to guess what will happen until then, I would say that the price will probably drift down a bit more, as the less active clients become aware of the ban and show up in the marketplace, and skeptical traders get contaminated by the general doubt. Say, the price may reach 2800-2900 CNY by Sunday night.
On Monday, if the report is proven false, the price should quickly return to 3500-3600 CNY. If the report is confirmed, it will presumably start falling again; how deep and how fast, I can't guess.
Is this reasonable? Too obvious?
if they ban it will you then buy a bitcoin? What would cause JorgeStolfi to buy? Has he ever mentioned what the "tipping point" for him would be? I am curious. |
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hdbuck
Legendary
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Activity: 1260
Merit: 1002
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March 28, 2014, 06:08:58 PM |
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whats with that thing about JorgeStolfi not buying bitcoin? doesnt he already own any?
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BitChick
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Activity: 1148
Merit: 1001
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March 28, 2014, 06:17:15 PM |
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whats with that thing about JorgeStolfi not buying bitcoin? doesnt he already own any?
His signature says "Academic interest in bitcoin only. Not owner, not trader, very skeptical of its longterm success." If he changes his mind and buys some he should update that.  |
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hdbuck
Legendary
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Activity: 1260
Merit: 1002
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March 28, 2014, 06:22:42 PM |
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whats with that thing about JorgeStolfi not buying bitcoin? doesnt he already own any?
His signature says "Academic interest in bitcoin only. Not owner, not trader, very skeptical of its longterm success." If he changes his mind and buys some he should update that. lmao thx  |
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adamstgBit
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Activity: 1904
Merit: 1037
Trusted Bitcoiner
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March 28, 2014, 06:26:11 PM |
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i think if Jorge is gana watch and think about bitcoin he might as well buy some... i'd offer Jorge a quick and easy PayPal payment to buy my bitcoin, but paypal blocked my account.  |
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hdbuck
Legendary
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Activity: 1260
Merit: 1002
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March 28, 2014, 06:33:25 PM |
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so hum, bitcoinwisdom has removed "(USD price)" next to Huobi to prevent more panic/adjusting dumps on other exchanges?   |
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aminorex
Legendary
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Activity: 1596
Merit: 1029
Sine secretum non libertas
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March 28, 2014, 06:35:45 PM |
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5000 coin offer briefly flashed. hilarious. disappeared when i touched it.
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Adrian-x
Legendary
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Activity: 1372
Merit: 1000
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March 28, 2014, 06:40:27 PM |
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i think if Jorge is gana watch and think about bitcoin he might as well buy some... i'd offer Jorge a quick and easy PayPal payment to buy my bitcoin, but paypal blocked my account. It is like crack if you try it you get addicted and then you can't be objective. I offered him one Bitcoin and he called me out as being a drug dealer. |
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JorgeStolfi
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March 28, 2014, 06:41:55 PM |
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What would cause JorgeStolfi to buy? Has he ever mentioned what the "tipping point" for him would be? I am curious.
I already said that. I won't buy it for speculation, investment (whose "sale" I consider a scam), or even to help "the cause" (which at this point seems to have been totally derailed by "libertarians" and greedy financiers). I may buy some cryptocoin someday to pay for something, if I find that it will be easier/cheaper/safer/faster/etc than the usual means (cash, check, bank remittance, cerdit card , debit card, ...). Which does not look very likely right now.  If he changes his mind and buys some he should update [ his signature ]. Of course. |
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billyjoeallen
Legendary
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Activity: 1106
Merit: 1007
Hide your women
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March 28, 2014, 06:43:13 PM |
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I have not yet heard of a single confirmation of this Chinese ban story. Not from the PBoC, not from any of the exchange owners. When a major news outlet reports a story that moves the markets over 20%, there should be some official word one way or another. It may be a lie, but the public should demand a response. This is just bizarre. Every story I can google just summarizes the original story and adds nothing. This is three days later.
Karpeles left us hanging, but he was one guy. How can five exchange operators leave us hanging? If this story wasn't bullshit, someone would likely have leaked a confirmation by now. This story is a Dorian.
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Yololintian
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March 28, 2014, 06:46:47 PM |
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15k bitcoin wall at 510 on BFX.
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infofront (OP)
Legendary
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Activity: 2632
Merit: 2780
Shitcoin Minimalist
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March 28, 2014, 06:47:07 PM |
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What would cause JorgeStolfi to buy? Has he ever mentioned what the "tipping point" for him would be? I am curious.
I already said that. I won't buy it for speculation, investment (whose "sale" I consider a scam), or even to help "the cause" (which at this point seems to have been totally derailed by "libertarians" and greedy financiers). I may buy some cryptocoin someday to pay for something, if I find that it will be easier/cheaper/safer/faster/etc than the usual means (cash, check, bank remittance, cerdit card , debit card, ...). Which does not look very likely right now. If he changes his mind and buys some he should update [ his signature ]. Of course. Bitcoin is inherently libertarian. |
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podyx
Legendary
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Activity: 2338
Merit: 1035
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March 28, 2014, 06:49:21 PM |
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15k bitcoin wall at 510 on BFX.
thats ridicolous i dont think its gonna change anything though i do believe we are at the bottom |
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windjc
Legendary
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Activity: 2156
Merit: 1070
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March 28, 2014, 06:50:23 PM |
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15k bitcoin wall at 510 on BFX.
Yes, I just woke up and saw that. Is that for real? That can't be for real. |
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JorgeStolfi
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March 28, 2014, 06:50:30 PM |
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It is like crack if you try it you get addicted and then you can't be objective.
Well, reading this forum one sometimes wonder... I offered him one Bitcoin and he called me out as being a drug dealer.
As you well know, it wasn't exactly like that; but, erm, not entirely unlike that either. |
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windjc
Legendary
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Activity: 2156
Merit: 1070
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March 28, 2014, 06:51:16 PM |
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15k bitcoin wall at 510 on BFX.
thats ridicolous i dont think its gonna change anything though i do believe we are at the bottom If the Chinas news is true we are definitely not at the bottom. It doesn't even look like a bottom, volume-wise. |
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Pruden
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March 28, 2014, 06:51:44 PM |
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Karpeles left us hanging, but he was one guy. How can five exchange operators leave us hanging? If this story wasn't bullshit, someone would likely have leaked a confirmation by now. This story is a Dorian.
If this story were true, you would expect the operators to confirm it?  The rumour started more than a week ago. The fact that it didn't die is to me confirmation enough. |
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