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

[11ams]

Correct me if I'm wrong, but with BTC China still open but not really accepting deposits in any substantial way, can we not expect it to hold us down until Jan 31st? The arbitrage situation is tenuous and will take a few days to sort out. Also, what are the Chinese going to do with fiat from Bitstamp? While the market has processed this reality, not much has changed about it. Curious situation.

[1715287623]

1715287623

[1715287623]

1715287623

[vdcc]

Don't have to be verified to deposit btc.

But have to be to withdraw (and that's the goal)

[gizmoh]

Very Important Advice:

This thing is currently way overbought and mid-term overvalued considering the chinese exchanges current state of affairs..
No more fresh CNY, not even bank transfer cause the exchanges never used them and won't be allowed.
No more frenzy buying by china gamblers, no more capital control bypass trick. Remember they were the one that ignited this baby.
A $100-$150 difference in price tells volumes,that china is weak though they account for 20%-35% of the btc market.
In the coming days they will be dumping on other exchanges, especially on bitstamp to get USD at the best rate. Selling pressure will be overwhelming.
All chinese exchanges reinstated fees, to milk while they can, until they  move to HK with NO big fat pocked china man or simply close shop! There is no way around that.
Yes i'm saying all that after i sold and happy in fiat without loss . And don't worry i won't buy back your coins until lower lows are achieved  

You can thank me later for saving you from losing some $$$  

Makes sense. But it also makes sense that they would already be dumping. It's bitcoin, they can send it from one exchange to the other. Where is the dump?

Can you see this price difference continuing? Impossible, It will adjust i guarantee you that, maybe 5% max, but not 20% as currently.
And most important factor is china's CNY wont contribute to btc growth, and they were a big factor in price surge. Selling pressure shall grow over the next few days.
 

[bassclef]

Bears are nervous

[damiano]

Holy walls batman

http://bitcoinity.org/markets/bitfinex/USD

[windjc]

Very Important Advice:

This thing is currently way overbought and mid-term overvalued considering the chinese exchanges current state of affairs..
No more fresh CNY, not even bank transfer cause the exchanges never used them and won't be allowed.
No more frenzy buying by china gamblers, no more capital control bypass trick. Remember they were the one that ignited this baby.
A $100-$150 difference in price tells volumes,that china is weak though they account for 20%-35% of the btc market.
In the coming days they will be dumping on other exchanges, especially on bitstamp to get USD at the best rate. Selling pressure will be overwhelming.
All chinese exchanges reinstated fees, to milk while they can, until they  move to HK with NO big fat pocked china man or simply close shop! There is no way around that.
Yes i'm saying all that after i sold and happy in fiat without loss . And don't worry i won't buy back your coins until lower lows are achieved  

You can thank me later for saving you from losing some $$$  

Makes sense. But it also makes sense that they would already be dumping. It's bitcoin, they can send it from one exchange to the other. Where is the dump?

Can you see this price difference continuing? Impossible, It will adjust i guarantee you that, maybe 5% max, but not 20% as currently.
And most important factor is china's CNY wont contribute to btc growth, and they were a big factor in price surge. Selling pressure shall grow over the next few days.
 

Probably. Maybe. But your really just hoping at this point. We really don't know what is going to happen with this situation. Whether bitcoin is reinstated in China soon - possibility - or if Bobby will shut down the exchange completely. Or if Chinese really want fiat at Bitstamp.

[seriouscoin]

This is it guys, exactly how i predicted .... no more money coming in to any btc exchanges in China. All the ppl who scoped cheap coins gonna dump it within a week at foreign exchange for USD.

btc38.com exchange got SHUTDOWN , probably for accepting deposit :

http://www.reddit.com/r/Bitcoin/comments/1t8j7c/proof_that_btc38_takes_cny_for_btcltcxrp_etc/ce5j1s9

[bassclef]

Is there a reliable way to withdraw money from Stamp to a Chinese account?

[seriouscoin]

Very Important Advice:

This thing is currently way overbought and mid-term overvalued considering the chinese exchanges current state of affairs..
No more fresh CNY, not even bank transfer cause the exchanges never used them and won't be allowed.
No more frenzy buying by china gamblers, no more capital control bypass trick. Remember they were the one that ignited this baby.
A $100-$150 difference in price tells volumes,that china is weak though they account for 20%-35% of the btc market.
In the coming days they will be dumping on other exchanges, especially on bitstamp to get USD at the best rate. Selling pressure will be overwhelming.
All chinese exchanges reinstated fees, to milk while they can, until they  move to HK with NO big fat pocked china man or simply close shop! There is no way around that.
Yes i'm saying all that after i sold and happy in fiat without loss . And don't worry i won't buy back your coins until lower lows are achieved  

You can thank me later for saving you from losing some $$$  

Makes sense. But it also makes sense that they would already be dumping. It's bitcoin, they can send it from one exchange to the other. Where is the dump?

Can you see this price difference continuing? Impossible, It will adjust i guarantee you that, maybe 5% max, but not 20% as currently.
And most important factor is china's CNY wont contribute to btc growth, and they were a big factor in price surge. Selling pressure shall grow over the next few days.
 

Probably. Maybe. But your really just hoping at this point. We really don't know what is going to happen with this situation. Whether bitcoin is reinstated in China soon - possibility - or if Bobby will shut down the exchange completely. Or if Chinese really want fiat at Bitstamp.

Its all probability but the odds are in favor of shutting down exchange....

You just bought back in didnt you
 

[gizmoh]

Very Important Christmas Gift Advice :

This thing is currently way overbought and mid-term overvalued considering the chinese exchanges current state of affairs..
No more fresh CNY, not even bank transfer cause the exchanges never used them and won't be allowed.
No more frenzy buying by china gamblers, no more capital control bypass trick. Remember they were the one that ignited this baby.
 A $100-$150 difference in price tells volumes,that china is weak though they account for 20%-35% of the btc market.
In the coming days they will be dumping on other exchanges, especially on bitstamp to get USD at the best rate. Selling pressure will be overwhelming.
All chinese exchanges reinstated fees, to milk while they can, until they  move to HK with NO big fat pocked china man ot simply close shop! There is no way around that.
Yes i'm saying all that after i sold and happy in fiat without loss . And don't worry i won't buy back your coins until lower lows are achieved  

You can thank me later for saving you from losing some $$$  

Looks like the rally caught the bears off guard.

Uhhh Not really  

Stamp:

Sell   Dec. 19, 2013, 3:13 p.m.   -13.61895395 BTC   $9,383.46   $689.00    $18.77
Sell   Dec. 19, 2013, 3:13 p.m.   -0.28899855 BTC   $199.12   $689.00    $0.40
Sell   Dec. 19, 2013, 3:13 p.m.   -0.08500000 BTC   $58.56   $689.00    $0.12
Sell   Dec. 19, 2013, 3:13 p.m.   -9.37674891 BTC   $6,460.58   $689.00    $12.93
Sell   Dec. 19, 2013, 3:13 p.m.   -52.63029859 BTC   $36,262.28   $689.00    $72.53

[seriouscoin]

Is there a reliable way to withdraw money from Stamp to a Chinese account?

I dont see a problem... transferring money into the country. It has always been transferring out thats a problem.

I know a Chinese family that move a large sum back to China to buy a house. Its done by bank wiring.

[bassclef]

Very Important Christmas Gift Advice :

This thing is currently way overbought and mid-term overvalued considering the chinese exchanges current state of affairs..
No more fresh CNY, not even bank transfer cause the exchanges never used them and won't be allowed.
No more frenzy buying by china gamblers, no more capital control bypass trick. Remember they were the one that ignited this baby.
 A $100-$150 difference in price tells volumes,that china is weak though they account for 20%-35% of the btc market.
In the coming days they will be dumping on other exchanges, especially on bitstamp to get USD at the best rate. Selling pressure will be overwhelming.
All chinese exchanges reinstated fees, to milk while they can, until they  move to HK with NO big fat pocked china man ot simply close shop! There is no way around that.
Yes i'm saying all that after i sold and happy in fiat without loss . And don't worry i won't buy back your coins until lower lows are achieved 

You can thank me later for saving you from losing some $$$ 

Looks like the rally caught the bears off guard.

Uhhh Not really 

Stamp:

Sell   Dec. 19, 2013, 3:13 p.m.   -13.61895395 BTC   $9,383.46   $689.00    $18.77
Sell   Dec. 19, 2013, 3:13 p.m.   -0.28899855 BTC   $199.12   $689.00    $0.40
Sell   Dec. 19, 2013, 3:13 p.m.   -0.08500000 BTC   $58.56   $689.00    $0.12
Sell   Dec. 19, 2013, 3:13 p.m.   -9.37674891 BTC   $6,460.58   $689.00    $12.93
Sell   Dec. 19, 2013, 3:13 p.m.   -52.63029859 BTC   $36,262.28   $689.00    $72.53

Well than why are you posting if so confident? Something about pride going before something....

[spooderman]

I am a pig, and I actually did well. I sold at 800 because I felt nervous, wanting to get back initial investment. Bought back as it fell, which was never part of my plan, but now have almost as many btc as before, but with a lot of fiat too. So my BTC position is down, but I have way more fiat than I ever put in. Sweet.

[granathus]

Wow, this is exciting... So quiet, so much tension in the air. What wil happen next?

[seriouscoin]

Wow, this is exciting... So quiet, so much tension in the air. What wil happen next?

didnt you get the memo?

Arbitrage trading means the market will go down short term until China market is irrelevant.

[humanitee]

Wow, this is exciting... So quiet, so much tension in the air. What wil happen next?

didnt you get the memo?

Arbitrage trading means the market will go down short term until China market is irrelevant.

What?

[alexeft]

Holy walls batman

http://bitcoinity.org/markets/bitfinex/USD

They are in mBTC batman!!!! 

[seriouscoin]

Wow, this is exciting... So quiet, so much tension in the air. What wil happen next?

didnt you get the memo?

Arbitrage trading means the market will go down short term until China market is irrelevant.

What?

Well no CNY coming into any Chinese exchanges is the fact,

Several hours ago when the news about one exchange still have deposit working actually cause it to be shutdown: http://www.reddit.com/r/Bitcoin/comments/1t8j7c/proof_that_btc38_takes_cny_for_btcltcxrp_etc/ce5j1s9

Chinese government already decided BTC is not for its ppl

[alexeft]

BTW shouldn't all exchanges switch to mBTC now???

We look too expensive as it is!

[gizmoh]

Very Important Christmas Gift Advice :

This thing is currently way overbought and mid-term overvalued considering the chinese exchanges current state of affairs..
No more fresh CNY, not even bank transfer cause the exchanges never used them and won't be allowed.
No more frenzy buying by china gamblers, no more capital control bypass trick. Remember they were the one that ignited this baby.
 A $100-$150 difference in price tells volumes,that china is weak though they account for 20%-35% of the btc market.
In the coming days they will be dumping on other exchanges, especially on bitstamp to get USD at the best rate. Selling pressure will be overwhelming.
All chinese exchanges reinstated fees, to milk while they can, until they  move to HK with NO big fat pocked china man ot simply close shop! There is no way around that.
Yes i'm saying all that after i sold and happy in fiat without loss . And don't worry i won't buy back your coins until lower lows are achieved 

You can thank me later for saving you from losing some $$$ 

Looks like the rally caught the bears off guard.

Uhhh Not really 

Stamp:

Sell   Dec. 19, 2013, 3:13 p.m.   -13.61895395 BTC   $9,383.46   $689.00    $18.77
Sell   Dec. 19, 2013, 3:13 p.m.   -0.28899855 BTC   $199.12   $689.00    $0.40
Sell   Dec. 19, 2013, 3:13 p.m.   -0.08500000 BTC   $58.56   $689.00    $0.12
Sell   Dec. 19, 2013, 3:13 p.m.   -9.37674891 BTC   $6,460.58   $689.00    $12.93
Sell   Dec. 19, 2013, 3:13 p.m.   -52.63029859 BTC   $36,262.28   $689.00    $72.53

Well than why are you posting if so confident? Something about pride going before something....

Im just sharing my thoughts and there's a high probability i'm right so yea it'l make me proud to have saved some lost souls.