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

[Vigil]

I think another dump will follow soon, we might visit 500 till tomorrow

You are trying hard to force people to sell, aren´t you? What happened? Sold too cheap? Hoping to buy cheap coins back?

You guys say this crap every time bitcoin has continued to fall since $1250.

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[mmitech]

I think another dump will follow soon, we might visit 500 till tomorrow

You are trying hard to force people to sell, aren´t you? What happened? Sold too cheap? Hoping to buy cheap coins back?

wrong, I am 50-50, but yes buy buy, the price is now going up. dont miss your last chance

[Wekkel]

If Bitcoin has something valuable to add, this thing is and will remain a mere blip in the total run up to $40,000 (as per the Winklevoss small bull scenario). BTC suprised us before, and it will again.

Hold for the longest time.

[Coma]

better than television, I tell ya

i pay good money for cable, i dont use it, i have more fun here


3

Are you really paying cable with crypto?

[NewLiberty]

Why does everyone hate Heineken.

It's one of the worst beers in the world that barely deserves the name beer.
If you have any respect for your taste buds you should limit yourself to Belgian beers and a select few from other countries.

There is only ONE good beer coming from the Netherlands and thats La Trappe.

Here's a tip, if you have any respect for Bitcoin, the next time one of the largest consumer brands in the world decides to help us out, instead of shit talking their product why don't you just smile, suck it up, and take one for the team.

Lol

Three issues with this post:

1. They did what they're doing for profit, not to help us out. Bitcoin is wonderful for merchants.
2. The idea that a company as large as this would read this forum and get butthurt and then change their "mind" is LOL.
3. It's genuinely a horrible beer.

Sorry sometimes we all have to troll.

Agreed, the team will do just fine without Heineken. Sorry, I can't change my mind, it's truly horrible...

/Forgive me!

McDonalds is not great food either, but if they accepted bitcoin, would that be so bad?
Walmart is not always the highest quality....

Lots of intJ here.  so heavy on the judgement that even good things are bad.

[adamstgBit]

How does the Chinese government proclaim to everyone through government videos, the great and amazing Bitcoin, only to outlaw its use a few months later?

Some official buys... pumps it for all its worth, and sells just before the higher ups say no.

agreed wtf... i dont knwo what to think anymore....

[QuestionAuthority]

Does anyone have a link for the latest news from China? I'm a little groggy from an all night booze up.

Supposidly Chinese government has banned payment processors from working with Bitcoin exchanges. Leading to the "ok situation" where you can buy and sell bitcoins and withdraw your cash, but you can't put more cash back into the system. (?)

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

Unfortunately, it seems to be shaping up to be true. :-(

Thanks

Shit, and because of the advice of you dumbasses I reserved half. Fuck!

teach you to listen to us

I should have known better. lol

[seriouscoin]

How does the Chinese government proclaim to everyone through government videos, the great and amazing Bitcoin, only to outlaw its use a few months later?

I think they like bitcoin as a reserve currency versus the USD, but not as an escape against capital controls.  So they want to make sure they have all the info on people holding them.

Thats right.... thats why they will remove btc from being used as currency (no tax evasion)

Then remove 3rd party payment system.... easier to check/trace identities.


Heck did you guys know in China, registering ISP account requires government ID?

Even using public internet requires government ID....

[Richy_T]

I agree that the trappists are too molasses-y, pils are great in the summer, as are wheats (yum!), and ipa's are always welcome (hoppy good floral yum yum). What's not to love about a great stout or even a really nice brown or red ale, here and there. I'm not as keen on the whites (Belgian Allagash etc), but they're nice too.

I could quite happily drink this beer forever. Impossible to find in Tennessee, unfortunately.

[mmitech]

I think another dump will follow soon, we might visit 500 till tomorrow

You are trying hard to force people to sell, aren´t you? What happened? Sold too cheap? Hoping to buy cheap coins back?

You guys say this crap every time bitcoin has continued to fall since $1250.

yes price dropp to 1100 people here " we will break ATH and further" than price 1000 and the same thing than price 900 and the same thing, people dont want to realize that we went from 100 to 1240 only in two months, this is damn fast if you ask me...

yes sure price did re-bounce back few times, but if you zoom out and look to the charts, we are correcting, slowly dropping and people are starting to realize that.


now I wish I am wrong, I still want to see my BTC worth even more.

[Spaceman_Spiff]

How does the Chinese government proclaim to everyone through government videos, the great and amazing Bitcoin, only to outlaw its use a few months later?

I think they like bitcoin as a reserve currency versus the USD, but not as an escape against capital controls.  So they want to make sure they have all the info on people holding them.

They have told merchants that they are not allowed to price their goods in Bitcoin... nor can people purchase bitcoin through their bank accounts. What then is the point?

Are banks "third party payment companies"?  Or do they just mean stuff like dwolla, paypal, okpay or whatever the equivalent in China is?  

[Pompobit]

already passed?

http://www.coindesk.com/cameron-winklevoss-bitcoin-price-40k/

[QuestionAuthority]

How does the Chinese government proclaim to everyone through government videos, the great and amazing Bitcoin, only to outlaw its use a few months later?

I think they like bitcoin as a reserve currency versus the USD, but not as an escape against capital controls.  So they want to make sure they have all the info on people holding them.

Thats right.... thats why they will remove btc from being used as currency (no tax evasion)

Then remove 3rd party payment system.... easier to check/trace identities.


Heck did you guys know in China, registering ISP account requires government ID?

Even using public internet requires government ID....

Of course, fucking and making too many babies requires a government ID.

[adamstgBit]

Does anyone have a link for the latest news from China? I'm a little groggy from an all night booze up.

Supposidly Chinese government has banned payment processors from working with Bitcoin exchanges. Leading to the "ok situation" where you can buy and sell bitcoins and withdraw your cash, but you can't put more cash back into the system. (?)

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

Unfortunately, it seems to be shaping up to be true. :-(

Thanks

Shit, and because of the advice of you dumbasses I reserved half. Fuck!

teach you to listen to us

I should have known better. lol

I did it too...

so now we sell into this 20% drop???

F that, lets see how this plays out.

[mmitech]

already passed?

http://www.coindesk.com/cameron-winklevoss-bitcoin-price-40k/

sure, but not today my friend, buy and wait for that to happen.

[oda.krell]

Does anyone have a link for the latest news from China? I'm a little groggy from an all night booze up.

Supposidly Chinese government has banned payment processors from working with Bitcoin exchanges. Leading to the "ok situation" where you can buy and sell bitcoins and withdraw your cash, but you can't put more cash back into the system. (?)

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

Unfortunately, it seems to be shaping up to be true. :-(

Thanks

Shit, and because of the advice of you dumbasses I reserved half. Fuck!

teach you to listen to us

I should have known better. lol

I did it too...

so now we sell into this 20% drop???

F that, lets see how this plays out.

Probably not advisable. Sell into the rebound, then wait for the next leg down

[N12]

Anybody find it VERY interesting that BTCChina is more resistant to the downtrend and at a fairly higher price than the other exchanges.

Seems like a disconnect to me. If this rally is predicated on China's bitcoin policies, then why are the chinese less bearish right now?

There is a possibility that the Chinese payment processors/banks are no longer willing or able to interface with the exchanges, and thus, CNY could be trapped and ultimately worthless, leading to a complete decoupling of the Chinese exchanges. Endgame would be that all bitcoins are withdrawn and there are no more trades.

It's something I am watching, anyway.

Watching.

[adamstgBit]

Anybody find it VERY interesting that BTCChina is more resistant to the downtrend and at a fairly higher price than the other exchanges.

Seems like a disconnect to me. If this rally is predicated on China's bitcoin policies, then why are the chinese less bearish right now?

There is a possibility that the Chinese payment processors/banks are no longer willing or able to interface with the exchanges, and thus, CNY could be trapped and ultimately worthless, leading to a complete decoupling of the Chinese exchanges. Endgame would be that all bitcoins are withdrawn and there are no more trades.

It's something I am watching, anyway.

Watching.

its all hear say atm

but they said they would allow poeple to withdraw but not depist

which is basically saying, its over for BTCCHINA

smells fishy....

[seriouscoin]

Does anyone have a link for the latest news from China? I'm a little groggy from an all night booze up.

Supposidly Chinese government has banned payment processors from working with Bitcoin exchanges. Leading to the "ok situation" where you can buy and sell bitcoins and withdraw your cash, but you can't put more cash back into the system. (?)

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

Unfortunately, it seems to be shaping up to be true. :-(

Thanks

Shit, and because of the advice of you dumbasses I reserved half. Fuck!

teach you to listen to us

I should have known better. lol

I did it too...

so now we sell into this 20% drop???

F that, lets see how this plays out.

Probably not advisable. Sell into the rebound, then wait for the next leg down

Until you realise you sell at the bottom and that rebound keeps going up.....

Easy profit as they say?

[crazy_rabbit]

Anybody find it VERY interesting that BTCChina is more resistant to the downtrend and at a fairly higher price than the other exchanges.

Seems like a disconnect to me. If this rally is predicated on China's bitcoin policies, then why are the chinese less bearish right now?

There is a possibility that the Chinese payment processors/banks are no longer willing or able to interface with the exchanges, and thus, CNY could be trapped and ultimately worthless, leading to a complete decoupling of the Chinese exchanges. Endgame would be that all bitcoins are withdrawn and there are no more trades.

It's something I am watching, anyway.

Watching.

Looks like this may be the situation. The bad news looks to be true, and not just rumour.

http://tech.sina.com.cn/it/2013-12-17/01139011174.shtml#483253-tsina-1-18627-1cf60a7c37a7bc296a2ba7aba0120190

The google translation isn't great, but it's obvious there isn't any upside. I think people are going to be thinking about withdrawing BTC (Is there a 10BTC limit?) to send their BTC elsewhere.

Also, there was a big theft reported in the Chinese forums from OKCoin.

Quote from the article: "Bitcoin bleak future in China?" Google Translate is pulling no punches.