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

[windjc]

i wonder how low this will dip the US exchanges when its all said and done

Adam,

You sound sad. You've been through this before, chin up.

Noone knows how low we go. Probably right to the point of majority gloom and despair.

But then there will be a rise that will make this rise look like this rise made April look.

So keep a smile on.

[1713556657]

1713556657

[freet0pian]

Bitcoin is officially dead! Time to move on with our lives!

Thanks.. posts like this usually mark bottoms

Nobody sane would say that. Well trolls would.

[ardana123]

You realize what this means right, the China market is pretty much dead in the water. Central bank won't allow for financial institutions to do business with bitcoin exchanges... Which only leaves the otc bitcoin market. There's no reason for anyone in China to hold bitcoins anymore. Everyone will sell and withdraw.

[adamstgBit]

Anyone wanna catch this knife? I'm a little hesitant.

really bad news just just came out

its kinda hear say atm


but you can bet your ass this is going to break technicals, down down down


I'll be a buyer in 3 days

[crazy_rabbit]

If I were chinese I would buy the BTC, withdraw, and then sell OTC, since there won't be any other ways for getting BTC for chinese people in the future.

if no new money can flow into btcchina, but people can still withdraw money, btcchina is going to near 0. and some luck chinese guy will buy everyone bitcoin really cheap b4 btcchina is forced to close its doors.

this is going to be brutal...

Seriously dude?  You are saying the bitcoins are worth nothing to people in china or foreigners who have funds there?  

Thats the whole point. Apparently you can GET your funds out, but you can put more in, so of course whats going to happen?!?!?

[Davyd05]

Tiiiiimmmmmmber

http://www.youtube.com/watch?v=FMMPgNrZ52E

I remain bullish I think people are being tricked in to selling low right before a fucking bail in might be announced.. who gives a fuck if Bobby is trying to cover his ass from a Chinese dirt nap.

[Krabby]

Where's that good ol' goxloop^tm when we need it.

[Wekkel]

Just wait for $400. A nice place for a little big bounce.

[TeeBone]

Just did a moonwalk across my room. Yay for the bears.....ce-le-brate good times, c'monnn !

[MoreFun]

You realize what this means right, the China market is pretty much dead in the water. Central bank won't allow for financial institutions to do business with bitcoin exchanges... Which only leaves the otc bitcoin market. There's no reason for anyone in China to hold bitcoins anymore. Everyone will sell and withdraw.

That can not be done - if there is a seller, there is a buyer. So someone will hold bitcoins.

[seleme]

ohoho, I'll give you a dollar for bottom info 

[Mad Scientist]

Thank goodness I found a buyer at 670USD, losses are somewhat limited (for me).

[adamstgBit]

If I were chinese I would buy the BTC, withdraw, and then sell OTC, since there won't be any other ways for getting BTC for chinese people in the future.

if no new money can flow into btcchina, but people can still withdraw money, btcchina is going to near 0. and some luck chinese guy will buy everyone bitcoin really cheap b4 btcchina is forced to close its doors.

this is going to be brutal...

Seriously dude?  You are saying the bitcoins are worth nothing to people in china or foreigners who have funds there?  

Thats the whole point. Apparently you can GET your funds out, but you can put more in, so of course whats going to happen?!?!?

bitcoin will hold its own for the rest of the world

but this is really really really bad news

but for all we knwo the translation was bad, and you will still be able to deopist CNY into BTCchina

still i no longer want to catch the knife.....

it already hurt me pretty bad today.

[mmitech]

ohoho, I'll give you a dollar for bottom info 

still far, another re-bounce and a harder dump will follow

[Davyd05]

Dear BTC China valued customer: To stabilize the recent turbulent Bitcoin market and minimize potential market manipulation, BTC China will end the 0% trading fee promotion, effective immediately, and revert to the 0.3% trading fee. We deeply apologize for the sudden change. BTC China, December 16, 2013


that seems bullish..less whales operating with 0% fee ... I think the Chinese government ensured they got there hands on cheap coins lol

[crazy_rabbit]

If I were chinese I would buy the BTC, withdraw, and then sell OTC, since there won't be any other ways for getting BTC for chinese people in the future.

if no new money can flow into btcchina, but people can still withdraw money, btcchina is going to near 0. and some luck chinese guy will buy everyone bitcoin really cheap b4 btcchina is forced to close its doors.

this is going to be brutal...

Seriously dude?  You are saying the bitcoins are worth nothing to people in china or foreigners who have funds there?  

Thats the whole point. Apparently you can GET your funds out, but you can put more in, so of course whats going to happen?!?!?

bitcoin will hold its own for the rest of the world

but this is really really really bad news

but for all we knwo the translation was bad, and you will still be able to deopist CNY into BTCchina

still i no longer want to catch the knife.....

it already hurt me pretty bad today.

I can never tell if you're serious, but I'm hoping for a bounce where I can sell maybe another 25% of my stash. Any plunge like this will bounce a lot, but this really is bad news.

[libity]

http://f.cl.ly/items/311V3F1g3q2E2M1A180f/choo.jpg

Sad chooo?

[adamstgBit]

If I were chinese I would buy the BTC, withdraw, and then sell OTC, since there won't be any other ways for getting BTC for chinese people in the future.

if no new money can flow into btcchina, but people can still withdraw money, btcchina is going to near 0. and some luck chinese guy will buy everyone bitcoin really cheap b4 btcchina is forced to close its doors.

this is going to be brutal...

Seriously dude?  You are saying the bitcoins are worth nothing to people in china or foreigners who have funds there?  

Thats the whole point. Apparently you can GET your funds out, but you can put more in, so of course whats going to happen?!?!?

bitcoin will hold its own for the rest of the world

but this is really really really bad news

but for all we knwo the translation was bad, and you will still be able to deopist CNY into BTCchina

still i no longer want to catch the knife.....

it already hurt me pretty bad today.

I can never tell if you're serious, but I'm hoping for a bounce where I can sell maybe another 25% of my stash. Any plunge like this will bounce a lot, but this really is bad news.

 

[Nemo1024]

This feels surreal. I lose $-value and don't care, as I accumulate BTC.
I am jumping in and out, trying to catch the tops and bottoms, but often sell below, what I previously bought for, the make the next leg.
I'm up additional BTC0.652 so far

[jojo69]

now watch, Chinese govt. insiders load up, then release a "clarifying" statement