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

[USB-S]

https://np.reddit.com/r/Bitcoin/comments/4qleza/chinese_miners_announce_terminator_plan_to_hard/

Bullish news - fuck it I stay at 630

FUD - fuck you I go to 670

This is why I love Bitcoin.

Block halving has something to do with this. Even the military can't crash this party, because no authority.




// I guess that means only one thing!!!!

[JayJuanGee]

Seen that? Been there?
http://tech.hexun.com/2016-06-30/184672503.html
China regulates that payements cant be higher than 5000 CNY by single day. More than 5000 CNY only by wire transfers.
Payments over 200 CNY must be verified by bank.

@current prices that is one btc per day.

Does that mean that they are attempting to regulate (or to make illegal) the sending and receiving of bitcoin through private parties of more than the value of 200 CNY?

Damn... I see you took my advice and wrote shorter messages...

And it made me read it...  

An example of your being "challenged" in your ability to distinguish between causation and correlation.   

So... no... What is it saying is that : "don't f&@# with our physical payments!" ... Meaning that they don't care too much about the online transactions that don't involve pressure and strain upon them delivering!

I don't know if I either understand nor agree with your explanation, but I appreciate your seeming effort to attempt to respond substantively. 

And as a concrete example would be if someone that is not a factory worker/ hospital nurse ... is less important than the people that produce nourishment for the system! Meaning the people of Gov of China have priority and you cannot produce shortages in detriment to the interest of the greater good of the country!

This is about as concrete as mud.   

For some of you this might look as discrimination. But from my perspective is understandable!

*Edit: Think about Venezuela!!! ... You would literally need a forklift and a huge container to change 1 single BTCitcoin for small bill stacks of currency! ... So if the bitcoin price gets out of hand... since it is in the hands of the people... It prevents from creating shortages! And also they can tax you for doing multiple withdraws, if you need more than 5000 CNY per month! Just basically they are saying it would cost too much paper currency for us to deliver and at least we are not legally obliged to submit to your demands since we have the legislation on our side! Just use a f@$!#% credit card!

In some sense, you may be getting at something concrete regarding your seemingly roundabout point asserting that through this regulation the chinese may be attempting to cause some regulatory burdens on the use of crypto currencies, such as bitcoin.

Hopefully, at some point, someone can make a bit better clarification regarding this new chinese value transmission regulatory matter, and whether it is material important in the bitcoin scene.

[BlindMayorBitcorn]

http://forums.unfiction.com/forums/viewtopic.php?t=16148&start=600

 

I'm taking a trip to Japan in Summer 2010 and fully intend to take Satoshi pictures with me!

[yefi]

https://np.reddit.com/r/Bitcoin/comments/4qleza/chinese_miners_announce_terminator_plan_to_hard/

Time zones, no? It had already spiked to $660 on BFX a minute before the message was posted @ 12:34:05 UTC.

p.s. Congrats on revealing your own time zone.

[BlindMayorBitcorn]

Somebody's on Zulu time.

[MinermanNC]

I think we are going to steadily inch to the halving,,, 800+

[Mind_Candy]

I think we are going to steadily inch to the halving,,, 800+

A relentless grind higher from here to 800+ would be soul-destroying for any shorts left.

[dumbfbrankings]

https://np.reddit.com/r/Bitcoin/comments/4qleza/chinese_miners_announce_terminator_plan_to_hard/

Time zones, no? It had already spiked to $660 on BFX a minute before the message was posted @ 12:34:05 UTC.

p.s. Congrats on revealing your own time zone.

To the minute eh? The rumors/posting were out hours before the jump, and the lack of any denial from the miners escalates the chance these events were correlated.

p.s. *gasps

[Ted E. Bare]

All the bears are hurt.

[mymenace]

Not healthy orderbook.



Healthy orderbook.

If we are going to break 145 im buying back in with pretty hugh loss, otherwise im waiting and after next buy im moving to bitstamp.

last run up to new high December 2014, same trend in market at the time  

comparison to now








http://bitcoincharts.com/markets/bitstampUSD_depth.html



weak hands, fake walls?

[Ted E. Bare]

This is just the beginning of a mega rally.

[podyx]

Bullish news - fuck it I stay at 630

FUD - fuck you I go to 670

This is why I love Bitcoin.

[Ted E. Bare]

Honey badger too strong. I'm up a little over 20k from my initial bitcoin investment. Taking 4 friends out for dinner tonight.

[AlexGR]

Honey badg-ing intensifies - 687 ....And we have a weekend ahead of us...

edit: 690+

[MinermanNC]

What a difference an hour makes! 

[yefi]

To the minute eh? The rumors/posting were out hours before the jump, and the lack of any denial from the miners escalates the chance these events were correlated.

p.s. *gasps

Possibly, but the timing no longer coincides well. Also, such a development would surely instill uncertainty, which is not bullish.

p.s. /me performs a tracheotomy to aid your breathing.

[hatshepsut93]

Bullish news - fuck it I stay at 630

FUD - fuck you I go to 670

This is why I love Bitcoin.

Honey badger hodling

[JayJuanGee]

To the minute eh? The rumors/posting were out hours before the jump, and the lack of any denial from the miners escalates the chance these events were correlated.

p.s. *gasps

Possibly, but the timing no longer coincides well. Also, such a development would surely instill uncertainty, which is not bullish.

p.s. /me performs a tracheotomy to aid your breathing.

Yeah, besides the emergency tracheotomy with a fountain pen, you may need to aid his trollish wishful-thinking brain, too.

That linked news regarding the miners holding out for a 2mb hard limit increase has already been removed from this thread, most likely because it is total bullshit, with no foundation in actual facts, but when did trolls need facts, anyhow?   

[AliceGored]

To the minute eh? The rumors/posting were out hours before the jump, and the lack of any denial from the miners escalates the chance these events were correlated.

p.s. *gasps

Possibly, but the timing no longer coincides well. Also, such a development would surely instill uncertainty, which is not bullish.

p.s. /me performs a tracheotomy to aid your breathing.

A year ago uncertainty was scary, 6 months ago uncertainty was scary, 4 months ago... "individuals" said some nice things and took some pictures, and made a deal they don't intend to keep. Now... well... hell, it almost feels like a relief someone is calling the big bluff.

P.S. murder isn't cool you two

[jbreher]

Regardless of when the elites announce it, the fact remains, the US is in recession. , Seven years of ZIRP and $3.5 trillion in QE by the Fed generated the weakest recovery in seven years. And the Fed is now out of any effective ammo (the benefits of a rate cut would be transitory at best).

Among her myriad endearing qualities, Yellen is an unabashed loyal progressive democrat. I wouldn't count out the possibility of her torching the last of the dry powder in effort to stave off the crash until after the election.