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Question: 1/24 Closing Price:
<$32,000 - 0 (0%)
$32,000-$33,000 - 2 (16.7%)
$33,000-$34,000 - 0 (0%)
$34,000-$35,000 - 3 (25%)
$35,000-$36,000 - 1 (8.3%)
$36,000-$37,000 - 1 (8.3%)
$37,000-$38,000 - 1 (8.3%)
$38,000-$39,000 - 0 (0%)
$39,000-$40,000 - 0 (0%)
$40,000-$41,000 - 1 (8.3%)
$41,000-$42,000 - 0 (0%)
>$42,000 - 3 (25%)
Total Voters: 12

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 25067385 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (157 posts by 13 users deleted.)
shmadz
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May 23, 2014, 03:10:10 AM

Oh fuck. Here it begins. News released on Caixin 10 minutes ago, no drop yet;

http://finance.caixin.com/2014-05-23/100681276.html

To make things clear, this is not a Bitcoin exchange, but it is similar

any chance we could get a human translation? or just a summary?

thanks
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y3804
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May 23, 2014, 03:11:50 AM

Oh fuck. Here it begins. News released on Caixin 10 minutes ago, no drop yet;

http://finance.caixin.com/2014-05-23/100681276.html

To make things clear, this is not a Bitcoin exchange, but it is similar

any chance we could get a human translation? or just a summary?

thanks

Nothing to be scared about. It's just an update to their latest "blacklist" development to exterminate corrupt businesses. The company (not an exchange) received a warning from the Commission that they were violating some rules and needed an investigation.

I wouldn't be surprised if the Bitcoin exchanges starting receiving these "notifications" as well
JorgeStolfi
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May 23, 2014, 03:12:39 AM

Oh fuck. Here it begins. News released on Caixin 10 minutes ago, no drop yet;

http://finance.caixin.com/2014-05-23/100681276.html

To make things clear, this is not a Bitcoin exchange, but it is similar

From Google Translate, I can't see any relevance to bitcoin at all.
y3804
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May 23, 2014, 03:13:52 AM

Oh fuck. Here it begins. News released on Caixin 10 minutes ago, no drop yet;

http://finance.caixin.com/2014-05-23/100681276.html

To make things clear, this is not a Bitcoin exchange, but it is similar

From Google Translate, I can't see any relevance to bitcoin at all.

See my post above. Take my opinion with a grain of salt, this isn't even something I've found on forums, it is my personal research
SheHadMANHands
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May 23, 2014, 03:14:22 AM

lol, wat a tard market selling now.
beetcoin
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May 23, 2014, 03:14:28 AM

hasn't china's actions been muted by now? they have cried wolf way too many times. i'm guessing the price reflects china's on/off stance with bitcoin, and the only way it can move the price by now is by making positive news for bitcoin. i guess they could release good news, and then grim again just to mess with the price.
y3804
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May 23, 2014, 03:15:45 AM

hasn't china's actions been muted by now? they have cried wolf way too many times. i'm guessing the price reflects china's on/off stance with bitcoin, and the only way it can move the price by now is by making positive news for bitcoin. i guess they could release good news, and then grim again just to mess with the price.

No. This is not from PBOC. This is above PBOC and they can basically close/regulate the exchanges at their will for violating the rules of the PBOC. Remember "Bitcoin" is now on the blacklist since last week

Again, nothing  to be scared about for now
Davyd05
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May 23, 2014, 03:15:53 AM

lol, wat a tard market selling now.

sell the news till the people google translate it, and then buy the walls people move down.. could be a nice play for someone with enough coins
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May 23, 2014, 03:17:55 AM

Oh fuck. Here it begins. News released on Caixin 10 minutes ago, no drop yet;

http://finance.caixin.com/2014-05-23/100681276.html

To make things clear, this is not a Bitcoin exchange, but it is similar

From Google Translate, I can't see any relevance to bitcoin at all.

Google translate is often more difficult to read than the unfamiliar language.
hyphymikey
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May 23, 2014, 03:18:11 AM

It's obvious now that some big money players are buying; putting up an ask wall to keep the price in check while accumulating coins and moving up along the trend line. Question is when do they run out of fiat and will the train continue without their influence. I'm thinking if we push over 600 it will continue, what do y'all think?
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May 23, 2014, 03:20:12 AM

It's obvious now that some big money players are buying; putting up an ask wall to keep the price in check while accumulating coins and moving up along the trend line. Question is when do they run out of fiat and will the train continue without their influence. I'm thinking if we push over 600 it will continue, what do y'all think?

Accumulation has been occurring far longer then the last two weeks...if not before the last bottom was hit...This is a mix of new blood and others re-buying after leaving at the top in Dec or early Jan imo.
ShroomsKit
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May 23, 2014, 03:20:31 AM

Where is TERA amid this froth?  

Yup. Good question.
She's gone quiet from the moment we went up.
Considering she lives in a fantasy world she probably just couldn't believe we went up and refused to buy back in as her buy orders at 280 weren't filled and now she finally woke up realizing she has a big problem.
It's quite hilarious how she has dissapeared since.
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May 23, 2014, 03:21:27 AM

what do you think about Ripple ?

mah87, whats the inside scoop on ripple (Jed bailing)? its crashing hard today, down over 43% according to http://coinmarketcap.com/xrp_7.html
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May 23, 2014, 03:23:54 AM

It's obvious now that some big money players are buying; putting up an ask wall to keep the price in check while accumulating coins and moving up along the trend line. Question is when do they run out of fiat and will the train continue without their influence. I'm thinking if we push over 600 it will continue, what do y'all think?

One does not just run our of fiat, when one can create it with 0% interest.
y3804
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May 23, 2014, 03:24:15 AM

what do you think about Ripple ?

mah87, whats the inside scoop on ripple (Jed bailing)? its crashing hard today, down over 43% according to http://coinmarketcap.com/xrp_7.html


https://xrptalk.org/topic/2642-arthur-britto-co-founder-and-chief-strategist-response-to-jed-selling-news/

"the short-term price of XRP does not hinder our ability to execute on the vision. Our company is well-funded. We're not dependent on XRP."

In other words, it's going to crash
JorgeStolfi
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May 23, 2014, 03:30:36 AM

Google translate is often more difficult to read than the unfamiliar language.
Indeed.  I already learned "Huobi.com" in chinese, that Google Translate often turns into "Fire currency bla bla bla network".  And Litecoin becomes "Wright currency".  Cheesy
y3804
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May 23, 2014, 03:40:06 AM

Exchanges have suddenly gone dead quiet..
derpinheimer
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May 23, 2014, 03:42:10 AM


Exchanges have suddenly gone dead quiet..

minidump on Bitstamp reminded everyone just how shallow the depth is..
y3804
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May 23, 2014, 03:48:00 AM

I thought I'd share this little cool trick for the ones trading on Finex directly via their browsers

To get a very fast refresh interval (every second) of the orderbook (and other parameters as well) plug this javascript function into a bookmark

Code:
javascript:(function({setInterval("update_bids()",1000);setInterval("update_asks()",1000);setInterval("update_rates()",1000);setInterval("update_orders()",2000);setInterval("update_positions()",4000);setInterval("update_wallets()",2000);})();
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May 23, 2014, 04:00:40 AM


Explanation
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