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

[CoinDox]

Don't know if this has already been posted, but here is BTC China statment from Bobby: https://vip.btcchina.com/page/notice20131220

Reading between the lines speaks volumes here...

[1715023437]

1715023437

[1715023437]

1715023437

[1715023437]

1715023437

[elg]

English is not my mothertongue. but i don't read anything between the lines?
Or is it the Picasso cold wallet?

[byronbb]

Don't know if this has already been posted, but here is BTC China statment from Bobby: https://vip.btcchina.com/page/notice20131220

Reading between the lines speaks volumes here...

Ya help me out with reading between the lines.

[granathus]

Don't know if this has already been posted, but here is BTC China statment from Bobby: https://vip.btcchina.com/page/notice20131220

Reading between the lines speaks volumes here...

Ya help me out with reading between the lines.

"We are screwed."

[freethink2013]

Don't know if this has already been posted, but here is BTC China statment from Bobby: https://vip.btcchina.com/page/notice20131220

Reading between the lines speaks volumes here...

Ya help me out with reading between the lines.

china is fucked. there's still prostitutes available for qq coin though. the Chinese black market is bigger that several European economies though. Still fucked though.

[Davyd05]

Don't know if this has already been posted, but here is BTC China statment from Bobby: https://vip.btcchina.com/page/notice20131220

Reading between the lines speaks volumes here...

Ya help me out with reading between the lines.

china is fucked. there's still prostitutes available for qq coin though. the Chinese black market is bigger that several European economies though. Still fucked though.

sure they are. I don't get the big problem with regulating an emerging market .. in a communist country.. in fact I expected this sooner lol

[elg]

English is not my mothertongue. but i don't read anything between the lines?
Or is it the Picasso cold wallet?

[jojo69]

good grief finally!

was getting forum withdrawal

WTF Thymos?

[User705]

I understand that I may be a biased bull, but can someone intelligibly explain to be please, why the China news is THAT bearish for bitcoin esp in China, considering they said it is legal to buy and own?  they don't want their institutions to transact with it, okay fine.  that definately sucks.  how does that mean it's dead there though, barring them announcing theyll lock away citizens and torture them if they own bitcoins.

I also don't see the bearish between the lines in that bobby letter, in fact it sounds bullish to me.

this is all for curiosity's sake anyhow as it's a big world and China can take this stance now, if they even stick to it in the long run it's not a big deal for bitcoin longterm

Because currently lots of bitcoin commerce is hedged or converted to fiat sometimes instantly.  That's kinda hard to do if banks can't work with bitcoin.

[Peter R]

I understand that I may be a biased bull, but can someone intelligibly explain to be please, why the China news is THAT bearish for bitcoin esp in China, considering they said it is legal to buy and own?  they don't want their institutions to transact with it, okay fine.  that definately sucks.  how does that mean it's dead there though, barring them announcing theyll lock away citizens and torture them if they own bitcoins.

I also don't see the bearish between the lines in that bobby letter, in fact it sounds bullish to me.

this is all for curiosity's sake anyhow as it's a big world and China can take this stance now, if they even stick to it in the long run it's not a big deal for bitcoin longterm

I think it just comes down to market uncertainty in the short term.  For instance, when the price of BTCChina goes very low, it's possible to purchase coins from Chinese panic sellers and quickly flip them on BitStamp or Gox for a (nearly) risk-free profit.  I think some market participants are expecting this, and thus set their bids lower than they otherwise would.  

In the short term, I believe we can indeed dip lower again (Christmas holiday massacre?), and I don't think we can make a strong move above the ATH until there is some closure regarding BTCChina.

Disclosure: I am long-term bull that thinks we will continue to grow with or without the blessing of the Chinese government.

[Davyd05]

http://paymentmagnates.com/view_news/major-retailers-to-accept-bitcoin-in-2014-/568

bull fud? or choo choo

edit possible china fud

http://www.reddit.com/r/Bitcoin/comments/1tgntd/chinese_exchange_huobi_still_accepting_rmb/

[Peter R]

English is not my mothertongue. but i don't read anything between the lines?
Or is it the Picasso cold wallet?

I can't read anything "between the lines" either.  This letter to me does not seem to provide any new information.  Basically it just re-says what I think the market is already thinking: the bitcoin/yuan market in China is severely limited (at least) in the short term due to these funding problems, but bitcoin is not illegal.  

[elg]

meanwhile hodling and of to bed
if the forum allows me to post at least, but just once .. Choo Choo to everyone :p

[TheCoinBull]

you like dump 

[outofservice]

very much dump
much low buy

[Walsoraj]

According to i286 ticker, ask sum is approaching 60k coins. Is that accurate or is the API screwed up again?

[outofservice]

According to i286 ticker, ask sum is approaching 60k coins. Is that accurate or is the API screwed up again?

Can someone translate this for me. New to investing and don't know what this means.

[optimi]

According to i286 ticker, ask sum is approaching 60k coins. Is that accurate or is the API screwed up again?

Can someone translate this for me. New to investing and don't know what this means.

HODL!

[outofservice]

According to i286 ticker, ask sum is approaching 60k coins. Is that accurate or is the API screwed up again?

Can someone translate this for me. New to investing and don't know what this means.

HODL!

haha, as I was typing that I had a feeling I would get that answer before a real breakdown.

So is that saying the trend looks like it's about to rise?

[N12]

According to i286 ticker, ask sum is approaching 60k coins. Is that accurate or is the API screwed up again?

Does that page add up asks on multiple exchanges? I just did it manually with MtGox, Bitstamp and BTC-E and got at least 69k. On MtGox, it's 33k right now.