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

[seriouscoin]

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. 

No matter what its always wise to have fiat on the side in a turbulence like this. The trend isnt reversed yet, until ppl stop looking Chinese exchanges....

[1715573627]

1715573627

[1715573627]

1715573627

[I_bitcoin]

Just remember a couple weeks ago Bitcoin was worth 1/216.8 of a 2014 Lamborghini Gallardo LP 550-2 Coupe.   When will 1BTC = 1 2014 Lamborghini Gallardo LP 550-2 Coupe?

See how fun this new habit is?   Stop quoting dollars, start quoting objects of desire.

[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?

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

Except they can still legally buy it from one another, use it for remittance, and use it as a virtual commodity.

[MAbtc]

Just remember a couple weeks ago Bitcoin was worth 1/216.8 of a 2014 Lamborghini Gallardo LP 550-2 Coupe.   When will 1BTC = 1 2014 Lamborghini Gallardo LP 550-2 Coupe?

See how fun this new habit is?   Stop quoting dollars, start quoting objects of desire.

No thanks.

[I_bitcoin]

You know, on April 5th one bitcoin was worth 1/300th of a 2007 Porsche Cayman S.

[Nightowlace]

Gotta love the swings.

[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

Except they can still legally buy it from one another, use it for remittance, and use it as a virtual commodity.

LOL China government doesnt want to say outright banning btc.... as thats how they like the world to see "freedom"

But they clamp bank institutions so tightly that.... Chinese market is completely irrelevant .

[Voodah]

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. 

No matter what its always wise to have fiat on the side in a turbulence like this. The trend isnt reversed yet, until ppl stop looking Chinese exchanges....

Funny you should say that given you're the one mostly looking at BtcChina and claiming all the other exchanges have to adapt to their low price.

[pdawg]

fib resistance zone between 761.5-833.03 (Gox)

[Mad Scientist]

Today 1 BitCoin is worth 1/1818th of a P-51 Mustang. 

[adamstgBit]

i smell a small correction coming

cheap coins are not over yet, everyone stop panicking in one direction and then the other.

just stop it!

 

[alexeft]

i smell a small correction coming

cheap coins are not over yet, everyone stop panicking in one direction and then the other.

just stop it!

 

Dizzy?

[Voodah]

You know, on April 5th one bitcoin was worth 1/300th of a 2007 Porsche Cayman S.

And on Dec 12th one bitcoin was worth 1/216th of a 2014 Lambo Gallardo.

The guys at the dealership are probably not so happy right now  

[Carra23]

You know, on April 5th one bitcoin was worth 1/300th of a 2007 Porsche Cayman S.

And on Dec 12th one bitcoin was worth 1/216th of a 2014 Lambo Gallardo.

The guys at the dealership are probably not so happy right now  

Why not? They got paid in USD.

The one who purchased BTC at 900$ when Bitpay cashed may be unhappy.

[adamstgBit]

You know, on April 5th one bitcoin was worth 1/300th of a 2007 Porsche Cayman S.

And on Dec 12th one bitcoin was worth 1/216th of a 2014 Lambo Gallardo.

The guys at the dealership are probably not so happy right now 

Why not? They got paid in USD.

this, and this was for sure a contributing factor to the crash.

[spooderman]

i smell a small correction coming

cheap coins are not over yet, everyone stop panicking in one direction and then the other.

just stop it!

 

I want teh chip cions

[MAbtc]

At some point, probably in the not-so-distant future, I will only hold. Against USD that is -- altcoin bubbles will continue to be easy to play, I think. But these are the times to day trade bitcoin. We won't have these swings forever.....

[Voodah]

The guys at the dealership are probably not so happy right now  

Why they used Bitpay and the USD was transferred to their account, and then car was released.  They got what they wanted as did Goat.

Oh nvm.. Didn't know they used BitPay. Good for them !

[granathus]

At some point, probably in the not-so-distant future, I will only hold. Against USD that is -- altcoin bubbles will continue to be easy to play, I think. But these are the times to day trade bitcoin. We won't have these swings forever.....

+1

[seriouscoin]

At some point, probably in the not-so-distant future, I will only hold. Against USD that is -- altcoin bubbles will continue to be easy to play, I think. But these are the times to day trade bitcoin. We won't have these swings forever.....

I disagree,,, we will have these swings for months until we find another market (big adoption) while China is fading out.