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

[derpinheimer]

Gox looks ready for dump part 2.

[seleme]

oops. This does sounds grave.

http://www.coindesk.com/china-bans-payment-companies-working-bitcoin-exchanges-sources-claim/

Coin desk "our source revealed they got their information from various channels, including those people who were at the meeting."

Payment processors banned from working with the Exchanges.

Worrying, its not exactly clear though, do exchanges stay open? Do bank transfers still work? Lots of good articles by that author so its unlikely its deliberately vague, have to wait and see but it explains some of this at least.

It would certainly cause a drop, and it did already, but on the end it's good. Sooner China stops being so important factor in BTC it's better.

[seriouscoin]

Wow BTC-E is going crazy. From 730 to 680 in a second WTF

Can you guys stop fcking quote BTC-E?

Its mark depth is pathetic.

[seleme]

BTCCHina to the moon in 3,2, 1... 

still early my friend..

I'm just trolling

[mmitech]

what is wrong with gox ? goxing again ?

[adamstgBit]

phhh noobs
5

[mmitech]

ok the next dump will start

[fr33d0miz3r]

weeeee!!!!1

[Mirsad]

phhh noobs
5

Dump till 400$ incoming.
I would sell before! Don't be a pig, just SELL NOW!

Bottom could be 150$, if we really crash at the starting point in november. But probably at least double the starting value, that would be 300$.

[seleme]

...
It would certainly cause a drop, and it did already, but on the end it's good. Sooner China stops being so important factor in BTC it's better.

I was hoping there'd be an arb split so we can break forex and be the new global standard

I never liked China becoming a leader in BTC, that was never going to finish good.

I don't like USA too, but it's a place for business. Fuck China.

[crazy_rabbit]

oops. This does sounds grave.

http://www.coindesk.com/china-bans-payment-companies-working-bitcoin-exchanges-sources-claim/

Coin desk "our source revealed they got their information from various channels, including those people who were at the meeting."

Payment processors banned from working with the Exchanges.

Worrying, its not exactly clear though, do exchanges stay open? Do bank transfers still work? Lots of good articles by that author so its unlikely its deliberately vague, have to wait and see but it explains some of this at least.

Exactly what I'm thinking. The low price + whales seeing an opportunity might be at work at this very moment, but this author doesn't seem like the type to run with unsubstantiated news. I had read elsewhere that there was some sort of theft in China that might have been the trigger of some sort.

The price is dancing up and down, but I think I'm going to sit on the sidelines till this is proved true or not. Just as likely it could prove true in the middle of my night and the price crater before the morning.

[Spaceman_Spiff]

My guess is we are done dumping for the day.

[seleme]

weeeee!!!!1

Shouldn't right shoulder be higher for it to be h&s

[mmitech]

guys seriously, gox is lagging again ?  I am not trading there, so people are you having problems ?

[crazy_rabbit]

Pow! And now a massive dump starts. Profit taking at it's most elegant.

[humanitee]

My guess is we are done dumping for the day.

I want to believe!  

[RAJSALLIN]

China already went bellow the dec 7th low. New lows coming on Gox and Stamp me thinks

Discuss.

[adamstgBit]

phhh noobs
5

Dump till 400$ incoming.
I would sell before! Don't be a pig, just SELL NOW!

Bottom could be 150$, if we really crash at the starting point in november. But probably at least double the starting value, that would be 300$.

Bottom could be 1$ IDK all i know is that wood floats

4

[jojo69]

better than television, I tell ya

[Sitarow]