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

[y3804]

a LOT of fake volume on Huobi.

[dreamspark]

This dip right before a bank holiday in Europe with no fresh fiat means the next four days could get ugly. Might have to put my temporary bear hat on.

Never understimate the ability of Houbi to rise on hot air. It doesnt need fiat.

Good its gonna have to get even better at riding it up on hot air and no fiat once theres no fiat going there at all 

[p0peji]

So buying back in now, because of an expected pump would be a good strategy?

[niothor]

So buying back in now, because of an expected pump would be a good strategy?

I would just say that buying or selling based on an advice on this forum is a bad strategy.

[wachtwoord]

So buying back in now, because of an expected pump would be a good strategy?

I think its going below 3000 first

Let's try to go above it first.

[EvilPanda]

Let me guess .. the dip is again based on some chinese story?
Is this the chinese version of 1001 stories?

Market correction + China ban. I wouldn't worry about it. Anything over $480 is really good imo

There is no "China ban" their government already stated that there won't be a BTC ban, they want people to trade, the banks are just backing off.
Don't repeat FUD.

[y3804]

Let me guess .. the dip is again based on some chinese story?
Is this the chinese version of 1001 stories?

Market correction + China ban. I wouldn't worry about it. Anything over $480 is really good imo

There is no "China ban" their government already stated that there won't be a BTC ban, they want people to trade, the banks are just backing off.
Don't repeat FUD.

I know. They never stated anything about banning BTC. But they're closing all bank accounts, etc.

[koryu]

So buying back in now, because of an expected pump would be a good strategy?

when 480 holds then its time for choo choo otherwise 440 is possible.

[jonoiv]

China Bans Brandy ?

http://www.chinadaily.com.cn/business/2014-01/22/content_17249409.htm


"France's second-biggest distiller Remy Martin can no longer count on the Chinese New Year, usually the best time of the year for a sales boost, for a bonanza this Spring Festival because of the government's crackdown on extravagant spending."

[TERA]

So buying back in now, because of an expected pump would be a good strategy?

'speculating about imminent news' is another one of those things on the list of traits of losing traders.

[Post-Cosmic]

The CFO of Bitcoin should just ban the Yuan.

[ChartBuddy]

Explanation

[niothor]

Let me guess .. the dip is again based on some chinese story?
Is this the chinese version of 1001 stories?

Market correction + China ban. I wouldn't worry about it. Anything over $480 is really good imo

There is no "China ban" their government already stated that there won't be a BTC ban, they want people to trade, the banks are just backing off.
Don't repeat FUD.

Really , we have  chinese news about the ban every day. And these who like chinese food get a memo in their fortune cookies about the ban.
Every time a cookie with that message is opened the BTC price goes down.

[EvilPanda]

China Bans Brandy ?

http://www.chinadaily.com.cn/business/2014-01/22/content_17249409.htm


"France's second-biggest distiller Remy Martin can no longer count on the Chinese New Year, usually the best time of the year for a sales boost, for a bonanza this Spring Festival because of the government's crackdown on extravagant spending."

Good one, "The campaign to promote morality in China is expected to continue to adversely affect the consumption of ultra-premium products" - because old brandy is every drunkard's booze of choice

[niothor]

China Bans Brandy ?

http://www.chinadaily.com.cn/business/2014-01/22/content_17249409.htm


"France's second-biggest distiller Remy Martin can no longer count on the Chinese New Year, usually the best time of the year for a sales boost, for a bonanza this Spring Festival because of the government's crackdown on extravagant spending."

I would have posted what they should ban next but better not.
How about they ban themselves?
Just complete that damn wall on all sides and flood it.

[TERA]

Is China banned in Bitcoin today?

[cryptocxeq]

China Bans Brandy ?

http://www.chinadaily.com.cn/business/2014-01/22/content_17249409.htm


"France's second-biggest distiller Remy Martin can no longer count on the Chinese New Year, usually the best time of the year for a sales boost, for a bonanza this Spring Festival because of the government's crackdown on extravagant spending."

Good one, "The campaign to promote morality in China is expected to continue to adversely affect the consumption of ultra-premium products" - because old brandy is every drunkard's booze of choice

It's talking about the government's purchases.

[chessnut]

So buying back in now, because of an expected pump would be a good strategy?

no, buying before an unexpected pump is a good strategy. thats why I just bought after the unexpected dump Ive been expecting for days at 488.

[ShroomsKit]

Sub 400 coins in 24 hours.

Source?

China

Right. You must be doing awesome trading.

[soullyG]

The CFO of Bitcoin should just ban the Yuan.

He didn't just stop there, the whole of China is banned!

http://www.coindesk.com/ceo-bitcoin-officially-bans-china/