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

[JorgeStolfi]

Why do you forget about possible capital controls in China, brg ?

For one thing, bitcoin is not seen by non-bitcoiners as a solution for capital controls.   In Greece, there was zero interest in bitcoin during the crisis. 

[JimboToronto]

Ok this shit is getting crazy

Because we all "know" that ...crypto is done, right?  

But are we rich yet?  

Move along.



 

[shmadz]

I think all of us bulls should take this opportunity to short the market. All together. They'll never see it coming. Midnight EST. Who's with me???

I'm sure we could knock it down 10% in half an hour. Take profit and then go long again. 

Monkey tells me that will happen with or without you.  Tops out near midnight US, drops to  ~~316 by morning, then resumes the ramp.  Last temporary drop.  Next one spells a downturn on the larger scale.  I am just the messenger.

Excellent news, need more time.

[Sitarow]

[noobtrader]

Why do you forget about possible capital controls in China, brg ?

For one thing, bitcoin is not seen by non-bitcoiners as a solution for capital controls.   In Greece, there was zero interest in bitcoin during the crisis. 

solution... we must educate more non-bitcoiners.
honestly Professor, have you ever try bitcoin at all ?

[BTCtrader71]

I think all of us bulls should take this opportunity to short the market. All together. They'll never see it coming. Midnight EST. Who's with me???

I'm sure we could knock it down 10% in half an hour. Take profit and then go long again. 

Monkey tells me that will happen with or without you. ...

Yeah but when it does, I'm gonna claim all the credit. 

[noobtrader]

1w RSI  
This is crazy  

this is  sparta

https://www.youtube.com/watch?v=T8r3cWM4JII

[AlexGR]

Why do you forget about possible capital controls in China, brg ?

For one thing, bitcoin is not seen by non-bitcoiners as a solution for capital controls.   In Greece, there was zero interest in bitcoin during the crisis. 

It depends on the nature of capital controls. Usually they are implemented to protect a government's supply of foreign exchange. Greece is "unique" in terms of having its own currency as its foreign exchange asset as well (euro), so there was a liquidity problem in the economy as well. When people don't even have cash in local currency, the problem is quite big and definitely you need the local currency to conduct everyday shopping, pay the bills etc.

It can be vastly different if local currency is ok but the only thing affected in the capital control scenario is international trade with hard currency that is prohibited by a government who want to control foreign exchange outflows.

[BTCtrader71]

Why do you forget about possible capital controls in China, brg ?

For one thing, bitcoin is not seen by non-bitcoiners as a solution for capital controls.   In Greece, there was zero interest in bitcoin during the crisis.  

This is one of those statements that can be defended, if necessary, on the grounds that it is tautologically true, although it is presented as if it were a synthetic truth and not a tautology.

You must have a philosophy background.

[peonminer]

Mind blown in 3. . . 2. . . 1. . .







Could this be the rise to $10,000 USD / BTC ? ? ?

Anyone??? Ehhhhh Ehhhhhh

[ssmc2]

I think all of us bulls should take this opportunity to short the market. All together. They'll never see it coming. Midnight EST. Who's with me???

I'm sure we could knock it down 10% in half an hour. Take profit and then go long again. 

Monkey tells me that will happen with or without you.  Tops out near midnight US, drops to  ~~316 by morning, then resumes the ramp.  Last temporary drop.  Next one spells a downturn on the larger scale.  I am just the messenger.

Does your monkey drink?

[JayJuanGee]

lol shorters and bears.  You got your ass handed to you.  Yours tears are delicious.  Consider suicide.

I've been waiting for this for a long time.....

[ssmc2]

Up, down, round and round. Beautiful truth is no one at this point knows WTF is going to happen. Chaos bitchezzz. Beautiful Crypto Chaos.

[kromtar]

Why do you forget about possible capital controls in China, brg ?

For one thing, bitcoin is not seen by non-bitcoiners as a solution for capital controls.   In Greece, there was zero interest in bitcoin during the crisis. 

solution... we must educate more non-bitcoiners.
honestly Professor, have you ever try bitcoin at all ?

It's to soon for the masses to adopt bitcoin, people only react when lose everything, few more years of corruption and collapsing old systems.

[JimboToronto]

Could this be the rise to $10,000 USD / BTC ? ? ?

Quite possibly.

[Sitarow]

[podyx]

lol shorters and bears.  You got your ass handed to you.  Yours tears are delicious.  Consider suicide.

Thats a bit harsh for just being on the opposed side of the market

[Cconvert2G36]

Heh, there's a bid for 70 coins at $329.92 at Gemini.

[JorgeStolfi]

It can be vastly different if local currency is ok but the only thing affected in the capital control scenario is international trade with hard currency that is prohibited by a government who want to control foreign exchange outflows.

I don't know much about international trade, but I believe that China still has a huge trade surplus -- it still exports more than it imports (including bitcoins).   Google tells me that the surplus dropped some 5-10% this year, but it is still hugely positive for China.  Isn't that so?  Then what controls would their government impose?

I don't think that the Chinese would invest in bitcoin as a way to escape a devaluation of the CNY, either.  What magnitude of devaluation is expected?

[spiderbrain]

Why do you forget about possible capital controls in China, brg ?

For one thing, bitcoin is not seen by non-bitcoiners as a solution for capital controls.   In Greece, there was zero interest in bitcoin during the crisis. 

That's not entirely true. There wasn't much bitcoin buying in Greece because everyone's bank accounts were frozen. Plenty of other interest, though
http://cointelegraph.com/news/115143/greece-to-receive-1000-bitcoin-atms-as-trust-in-banks-long-gone