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Question: Sept. 21 Closing Price:
$0 - 3 (3%)
<$8,000 - 5 (5%)
$8,000-$8,500 - 1 (1%)
$8,500-$9,000 - 2 (2%)
$9,000-$9,500 - 5 (5%)
$9,500-$10,000 - 6 (5.9%)
$10,000-$10,500 - 21 (20.8%)
$10,500-$11,000 - 20 (19.8%)
$11,000-$11,500 - 18 (17.8%)
$11,500-$12,000 - 6 (5.9%)
>$12,000 - 8 (7.9%)
>$20,000 - 6 (5.9%)
Total Voters: 101

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 21373940 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. (106 posts by 21 users deleted.)
machasm
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February 08, 2017, 08:24:27 AM

What the fuck happend



My Chinese friend sent me this link:  

http://finance.sina.com.cn/china/gncj/2017-02-08/doc-ifyameqr7339635.shtml?qq-pf-to=pcqq.group

You can use google translate, it means:"PBOC(The People's Bank Of China) has a meeting about anti money laundrying with Chinese major bitcoin exchanges(I translate it)"
You would have thought that the market would have got used to these "China bans bitcoin" fake news by now.
Man people are soo jittery.
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kehtolo
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February 08, 2017, 08:27:24 AM

I'm not exactly sure, but i thought the dump seemed to be initiated from the west. I was watching Bitstamp at the time, and it started dropping first.. OKCoin followed afterwards.

Or i could be talking complete bollocks..

I just caught that think about the PBoC meeting and so on. I don't think it's any reason to worry. Still, not nice seeing sudden downward moves like that!

I think it's just the usual "sell the news" reaction.. we'll be back climbing inside next 24 hrs or so. $1100 & €1000 in next 72 hrs. Lets see.
Genesis1337
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February 08, 2017, 08:27:50 AM

What the fuck happend



My Chinese friend sent me this link:  

http://finance.sina.com.cn/china/gncj/2017-02-08/doc-ifyameqr7339635.shtml?qq-pf-to=pcqq.group

You can use google translate, it means:"PBOC(The People's Bank Of China) has a meeting about anti money laundrying with Chinese major bitcoin exchanges(I translate it)"

wow, just because of that article? the chinese are crazy man, thanks for link
Fatman3001
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February 08, 2017, 08:32:58 AM


China Bans Bitcoin..... AGAIN!!!!
droizs
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February 08, 2017, 08:33:55 AM

time to take some profit guys...
kehtolo
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February 08, 2017, 08:34:00 AM

I've just compared OKCOin and Stamp on a 1min chart.. move started in West first

And from what I'm looking at Finex went ahead of Stamp.. Stamp followed, China followed that.. because by that stage we were seeing big red dildos all over.

Looks to me like it started at Finex.
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February 08, 2017, 08:36:16 AM

I've just compared OKCOin and Stamp on a 1min chart.. move started in West first

And from what I'm looking at Finex went ahead of Stamp.. Stamp followed, China followed that.. because by that stage we were seeing big red dildos all over.

Looks to me like it started at Finex.

finex is reliable when it comes to dumps like that.
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February 08, 2017, 08:36:34 AM

What the fuck happend
My Chinese friend sent me this link:  
http://finance.sina.com.cn/china/gncj/2017-02-08/doc-ifyameqr7339635.shtml?qq-pf-to=pcqq.group
You can use google translate, it means:"PBOC(The People's Bank Of China) has a meeting about anti money laundrying with Chinese major bitcoin exchanges(I translate it)"
wow, just because of that article? the chinese are crazy man, thanks for link

the story (with unnamed sources 'familiar with the matter' 'speaking on condition of anonymity', blah-de-blah) can be used as cover for the manipulation .... not the cause. The gold market has been functioning like this but on bigger scale for ~2 decades.
Denker
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February 08, 2017, 08:38:06 AM

What the fuck happend


Some guys decided to take profits.
That's all.
On Kraken you can see that as soon as the 1000€ got reached some sell off got triggered.
shapeshiftscam
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February 08, 2017, 08:46:12 AM

What the fuck happend



My Chinese friend sent me this link:  

http://finance.sina.com.cn/china/gncj/2017-02-08/doc-ifyameqr7339635.shtml?qq-pf-to=pcqq.group

You can use google translate, it means:"PBOC(The People's Bank Of China) has a meeting about anti money laundrying with Chinese major bitcoin exchanges(I translate it)"
You would have thought that the market would have got used to these "China bans bitcoin" fake news by now.
Man people are soo jittery.

It is not fake news, it is PBOC routine meeting with Chinese major bitcoin exchanges. And the news is released in Sina, which is the biggest Chinese news website. It cited Bloombreg's insider released the source.
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February 08, 2017, 08:47:24 AM

Good opportunity to buy up some cheaper coins.
drnash85
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February 08, 2017, 08:50:24 AM

https://www.bloomberg.com/news/articles/2017-02-08/china-central-bank-said-to-call-bitcoin-exchanges-for-more-talks
rjclarke2000
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February 08, 2017, 09:20:49 AM



This price going up then china releasing some bullshit news to hammer it down cycle is laughable.
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February 08, 2017, 09:26:15 AM

JayJuanGee
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How much alt coin diversification is needed? 0%?


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February 08, 2017, 09:26:37 AM


Maybe it is too early to know for sure, but really, even if you have corroboration, that does not necessarily mean causation... especially since we pretty much went from $1000 to $1070 without any meaningful correction.

It's just an excuse for a correction that was likely due...

Sure, it would have been nice to have gone straight past $1200 - but that is too optimistic, no?  Don't we have to kind of expect some corrections here and there before we get to or go past the ATH?
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February 08, 2017, 09:28:33 AM

Downtrend!!!!
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February 08, 2017, 09:34:00 AM

Dont know what to make of Star's comment. Is he really asking the PBOC to be a custodian of Bitcoin?.....
 
"OkCoin Chief Executive Officer Star Xu suggested the PBOC set up a third-party custodian platform to prevent exchanges from absconding with users’ money, the company said in an e-mailed statement."
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February 08, 2017, 09:44:35 AM


It's pretty clear by now that PBOC is manipulating the market.

Which means they trade BTC.

Which is good, I guess.
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February 08, 2017, 10:50:06 AM

Think it is really healthy these kind of 'corrections' take place.

Growth needs to be steady to be without major side effects + the bitcoins get distributed to a larger group of holders. Both are good for a longer time rise.

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February 08, 2017, 10:56:06 AM

The four stars and stripes digits are being tested hard (and they are holding). I can't stop watching the trades but I hope the $1000 resistance will keep the dump away. This is a real turning point to see a glorious march ahead. Or, at least, this is the way I see it.
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