Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

[Davyd05]

http://www.reddit.com/r/Bitcoin/comments/220c86/china_ban_ft_article_beyond_the_paywall/

seems awfully well timed FUD well, I would love to see PBOC JUST FUCKING SAY SOMETHING ON THEIR OWN.

[marcelus]

Apparently BTC38 has suspended deposits no?

http://www.btc38.com/general/1237.html

[marcelus]

Apparently BTC38 has suspended deposits no?

http://www.btc38.com/general/1237.html

ear user :

Hello , we hold regret that I tell you that , by the central bank policy, bit era has been adopted from third-party payment will be suspended tonight , can not continue to use the 24 points tonight . Upon request, we will also revoke the transfer of bank card recharge methods .

Some time ago, circulated on the Internet on April 15 halted Bitcoin trading platform statement, the central bank has been the rumor . However, the central bank recently based on the contents of last December 5 five ministries notice for further consolidation, is to determine the existence of the fact that we have received the news this evening from banks and third-party payment .

We will strictly comply with the notification provisions of the central bank and to suspend recharge the renminbi, and the renminbi business to cash , virtual currency elution business, is still completely normal. Bit era has total assets of more than 100% of users reserve , the user need not worry about financial security issues .

To address this problem, we 've got some subsequent operations optimization program, the times will be normal operations , but in this sensitive moment , we are temporarily unable to reveal more .

Meanwhile, we hope that we realize from such events , the recent chaos in the industry has too many money- raising means endless variety of industry confusion ultimately hurt the industry itself , we call on everyone from the industry point of view of health , consciously resist chaos elephant .

However, no matter how the road , please give some of righteousness in this emerging industry , to encourage some of our emerging platforms , bit era service will always make you a comfortable , will continue to focus on the healthy development of the field of virtual currency .

Bit Era
April 2, 2014

[chessnut]

Take a lesson from physics. It takes a lot of work to reverse an uptrend. There was a lot of force behind that bounce and I thought we would end up going all the way to 550. 4 hour MACD was way up. A sudden drop to new lows is not really feasible right now, especially with btc38 which wasn't that significant of an exchange. Now wait till 4 hour macd goes down and then you'll see your follow through.

so you are saying that the news is important? or are you saying that the macd is important? or is the trend important?

[kehtolo]

"consciously resist chaos elephant"

I think that is in ALL our minds!!! hahaha.. love that. (where is the meme for this?)

[Davyd05]

Need to get money to exchanges that way I can give a fuck if its goes down or not fack lol

they said wallstreet wasn't coming tho ... http://bitcoinmagazine.com/11806/atlas-2-0-trading-platform-announces-options-bitcoin/

[TERA]

Take a lesson from physics. It takes a lot of work to reverse an uptrend. There was a lot of force behind that bounce and I thought we would end up going all the way to 550. 4 hour MACD was way up. A sudden drop to new lows is not really feasible right now, especially with btc38 which wasn't that significant of an exchange. Now wait till 4 hour macd goes down and then you'll see your follow through.

so you are saying that the news is important? or are you saying that the macd is important? or is the trend important?

They're all important. You didn't get my analogy to physics did you.  Think of the news like a small increase in gravity, but your projectile (the price) was already on its way up with a lot of momentum and it's going to take some time still to bring the object to a stop and then into a fall.

[chessnut]

Take a lesson from physics. It takes a lot of work to reverse an uptrend. There was a lot of force behind that bounce and I thought we would end up going all the way to 550. 4 hour MACD was way up. A sudden drop to new lows is not really feasible right now, especially with btc38 which wasn't that significant of an exchange. Now wait till 4 hour macd goes down and then you'll see your follow through.

so you are saying that the news is important? or are you saying that the macd is important? or is the trend important?

They're all important. You didn't get my analogy to physics did you.  Think of the news like a small increase in gravity, but your projectile (the price) was already on its way up with a lot of momentum and it's going to take some time still to bring the object to a stop and then into a fall.

I do understand your analogy. all too well, I know the market is sometimes totally irrational. this could go on for days before the 'news' kicks in. in fact, it has. there is no good reason why the market should crash tonight. you might have to wait another 2 weeks and see if your theory works then.

[Mervyn_Pumpkinhead]

You will see the end of this bear market by these following indicators.

1) The price will go lower then most expected
2) The price will remain low longer then most expected
3) The loudest and the most enthusiastic bulls will start to blame bitcoin and everyone involved for the situation and then write dramatic final speeches of them leaving.

If you will get tired of seeing indicator 3, then it's time to buy, not before.

[magicmexican]

You will see the end of this bear market by these following indicators.

1) The price will go lower then most expected
2) The price will remain low longer then most expected
3) The loudest and the most enthusiastic bulls will start to blame bitcoin and everyone involved for the situation and then write dramatic final speeches of them leaving.

If you will get tired of seeing indicator 3, then it's time to buy, not before.

sounds good on paper, but in reality a guide how to miss all bottoms in the last 2+ years

[chessnut]

You will see the end of this bear market by these following indicators.

1) The price will go lower then most expected
2) The price will remain low longer then most expected
3) The loudest and the most enthusiastic bulls will start to blame bitcoin and everyone involved for the situation and then write dramatic final speeches of them leaving.

If you will get tired of seeing indicator 3, then it's time to buy, not before.

oh thats cute, you are obviously new here.

I rode the great bear market, I am turning bullish because of #3.

[Davyd05]

You will see the end of this bear market by these following indicators.

1) The price will go lower then most expected
2) The price will remain low longer then most expected
3) The loudest and the most enthusiastic bulls will start to blame bitcoin and everyone involved for the situation and then write dramatic final speeches of them leaving.

If you will get tired of seeing indicator 3, then it's time to buy, not before.

oh thats cute, you are obviously new here.

I rode the great bear market, I am turning bullish because of #3.

yeah they think common sense is what we're all lacking.

oh well I agree with Tera at least on this idea we can have Huobi leading the charge.. mind you I don't fully believe they are at any risk of a deposit shutdown...I am thinking these odd man out exchanges weren't following dec 5 compliance

[Erdogan]

Cyprus:

"Demetriades said there’s about 1.5 billion euros of excess cash circulating in the economy that could be used to shore up the deposit base of the banks.

These are “bank notes that have been withdrawn from the banking system, under mattresses,” Demetriades said. “Some have been put in ovens and partly burnt and some have even been eaten by mice, and we’ve had to replace them. We get requests every month to replace worn or damaged bank notes. People are keeping too many bank notes at home.”

Demetriades said that if Cyprus sticks to the reform plan set by the international creditors and tackles non-performing loans, capital controls could be gone by the end of the year."



http://www.ekathimerini.com/4dcgi/_w_articles_wsite2_1_02/04/2014_538671

Yeah, right.

[marcelus]

Come on people. Consciously resist chaos Elephant.

[TERA]

What if... bitcoin is actually not what people think of at all when they are in a crisis situation,  especially not when it's in a downtrend.

[lynn_402]

Take a lesson from physics. It takes a lot of work to reverse an uptrend. There was a lot of force behind that bounce and I thought we would end up going all the way to 550. 4 hour MACD was way up. A sudden drop to new lows is not really feasible right now, especially with btc38 which wasn't that significant of an exchange. Now wait till 4 hour macd goes down and then you'll see your follow through.

so you are saying that the news is important? or are you saying that the macd is important? or is the trend important?

They're all important. You didn't get my analogy to physics did you.  Think of the news like a small increase in gravity, but your projectile (the price) was already on its way up with a lot of momentum and it's going to take some time still to bring the object to a stop and then into a fall.

I do understand your analogy. all too well, I know the market is sometimes totally irrational. this could go on for days before the 'news' kicks in. in fact, it has. there is no good reason why the market should crash tonight. you might have to wait another 2 weeks and see if your theory works then.

The news about China's ban has been priced-in since January. It's time the silly bears realize that

[koryu]

"consciously resist chaos elephant"

I think that is in ALL our minds!!! hahaha.. love that. (where is the meme for this?)

how about that

[TERA]

It's impossible for it to be "priced in"
1. There's still a chance it doesn't actually happen ,and it hadn't actually happened yet. Action is louder than words.
2. Chinese are still buying bitcoins.
3. Chinese are still holding bitcoins.
4. Chinese exchange operators are still trying to say everything is ok and that they will try to continue to operate as much as possible.
5. There are still people calling it "FUD".

It's very hard to price in the effect of something that will radically change supply and demand. For example, the halvings on bitcoin and altcoins never seem to priced in properly and end up causing a dramatic change.

[ErisDiscordia]

"consciously resist chaos elephant"

I think that is in ALL our minds!!! hahaha.. love that. (where is the meme for this?)

how about that

Much love. I like elephants 

[ChrisML]

"consciously resist chaos elephant"

I think that is in ALL our minds!!! hahaha.. love that. (where is the meme for this?)

how about that

Wow. Such wow. Much Elephant, much volume. Lots weights!

MMMNOMNOM