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

[mmitech]

I think we might visit 650 today, even if this turn out to be only FUD, it may make some early adopters think about collecting some profits, I am starting to think about cashing half of my bitcoins out, better something than nothing....

[1714610933]

1714610933

[accord01]

[kurious]

If this news was a trick/fud, price should have rebounded already. Now im starting to worry as i bought a bit of the dips 

The old adage is 'sell the rumour, buy the news'

What you suggest (according to the adage) would not be too wise.

However, this is Bitcoin - it's your decision.

Personally I have a little fiat with bids on just in case - but I think this will settle - I just don't think it's a crash.

[nanobrain]

So, who's moved their coins already?

I am considering it.

[dgarcia]

If this news was a trick/fud, price should have rebounded already. Now im starting to worry as i bought a bit of the dips 

Yes. It seems a bit strange that china is still not rebouncing even crashing completely.
They seem tu be unsure...

[mmitech]

So, who's moved their coins already?

I am considering it.

I did send half to bitstamp, waiting for a clear picture....

[tarmi]

rpietila's troll agency working over time.

get ready for some cheap whale coins.

Are you gay or something?

You mention rpietila every two posts.

he is not important that much.

I just find funny those rpietila guys with allegedly lot of coins coming here to spread FUD, their plans and intentions, etc.

they are all the same to me. bad trolls.  

[manfred]

you should also remember mtgox, what will happen when you cant withdraw money from exchange eh? Sounds familiar?

According to that 'fud' news chinese investors will have till spring festival to withdraw their funds from the exchanges, from what i can decrypt on google translate. So it won't be similar panic buy if ever this news is confirmed..

So what would this mean? No more chinese investors?

Is that worse case scenario?

Because I don't think that's such a horrible thing. Always seemed short lived to me.

If this news is true, my understanding is that all current services are stopped and only licensed exchanges will get new services. License will only be given to a few exchanges under regulations.

Thats what btcchina has been pushing all along to get all chinese exchanges fully licensed. It just means of the 10 Chinese exchanges i know of only about 3 or 4 will remain so it works in btcchinas favor as its more business for them and also gives them a legal certainty.

[gandhibt]

I think we might visit 650 today, even if this turn out to be only FUD, it may make some early adopters think about collecting some profits, I am starting to think about cashing half of my bitcoins out, better something than nothing....

so you think we're maybe going to 650 and that's the reason to sell 50%? so you're selling 50% because you could have 825/660 = 20% of win in best case scenario? meaning 10% more to your coins and with how big risks?

big support is at 800 and market is oversold at the moment, just a good spot to give your coins to the whales who started this dip

[seriouscoin]

I think we might visit 650 today, even if this turn out to be only FUD, it may make some early adopters think about collecting some profits, I am starting to think about cashing half of my bitcoins out, better something than nothing....

I'm not worrying about FUD but we should not take this lightly.

We all know Chinese is very tight in capital control. They dont like their fiat being leaked to anything.

They're probably putting btc into stage of regulations. Until they figure it out, they certainly dont want capital leaking.

They said they allowed btc to be traded as commodity..... but now they figured..... hey what happened when their citizens buy btc and sold in Western countries?


edit: we understand why they dont let BTC being used as currency .... tax evasion.... ok..... but as commodity what are they gonna do about capital leaking?

[nanobrain]

Tell you what the US is going to wake up and wonder WTF....China is $90 lower than Gox, 30 lower than BTCe/Stamp....I think I'll take a screen shot for posterity.

[kurious]

I think we might visit 650 today, even if this turn out to be only FUD, it may make some early adopters think about collecting some profits, I am starting to think about cashing half of my bitcoins out, better something than nothing....

so you think we're maybe going to 650 and that's the reason to sell 50%? so you're selling 50% because you could have 825/660 = 20% of win in best case scenario? meaning 10% more to your coins and with how big risks?

big support is at 800 and market is oversold at the moment, just a good spot to give your coins to the whales who started this dip

+1

Sanity from Gandhibit

[seleme]

Lot of pussies around here 

[BitThink]

you should also remember mtgox, what will happen when you cant withdraw money from exchange eh? Sounds familiar?

According to that 'fud' news chinese investors will have till spring festival to withdraw their funds from the exchanges, from what i can decrypt on google translate. So it won't be similar panic buy if ever this news is confirmed..

So what would this mean? No more chinese investors?

Is that worse case scenario?

Because I don't think that's such a horrible thing. Always seemed short lived to me.

If this news is true, my understanding is that all current services are stopped and only licensed exchanges will get new services. License will only be given to a few exchanges under regulations.

Moreover, if there're licensed exchanges, they will have no direct control of fiat fund and all the deposits will be managed by the third party institutions, most likely a government affiliate.

[lemonte]

you should also remember mtgox, what will happen when you cant withdraw money from exchange eh? Sounds familiar?

According to that 'fud' news chinese investors will have till spring festival to withdraw their funds from the exchanges, from what i can decrypt on google translate. So it won't be similar panic buy if ever this news is confirmed..

So what would this mean? No more chinese investors?

Is that worse case scenario?

Because I don't think that's such a horrible thing. Always seemed short lived to me.

If this news is true, my understanding is that all current services are stopped and only licensed exchanges will get new services. License will only be given to a few exchanges under regulations.

Moreover, if there're licensed exchanges, they will have no direct control of fiat fund and all the deposits will be managed by the third party institutions, most likely a government affiliate.

If this was true and exchanges were licensed it would actually be a great thing, it would likely encourage a lot more trade.

[seleme]

The price went down 5%. Paniccccc 

[EuroTrash]

Quote is from another thread. Reporting here for speculation on what happens next

Yes , there're some problems on withdrawals thru Bank of china (BOC www.boc.cn ) using IE . But other banks are ok .

Wrong - this is what their support is saying - but it appears that you cannot withdraw to *any* bank using either IE or FF now (still checking into this).

The problem is that you cannot select the city or the bank in the withdrawal form.

That would cause a run on BTCChina's coins in order to cash out on Stamp/Kraken etc. So BTCChina's coins might become even more expensive than Gox' ones...

[manfred]

Also btcchina stopping 0% fee and charge a 0.3% again.

[ChartBuddy]

[TERA]