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

[step_mike]

Another horror story about bitcoin for the Chinese people? 

[step_mike]

Hey guys, do you have an idea if the price will go down again ?

Because I would like to buy 1800€ for my saving, would like to buy at the right moment you know...

Not the best time to buy. Wait until markets will calm down and understand the trend movement.

[savetherainforest]

Another horror story about bitcoin for the Chinese people?  

Yep... they seem to want to control the world. Well... I guess they will have to be pleased for now with d!ck!


Also I gave up on re-posting that 'quote' of that spammer guy. Somehow one/multiple of the moderators even if they/he/she/it is not bribed by the Chinese gov... dunno.. I will member this!



Or just maybe they are nazies and consider the chinese an inferior race...

[soullyG]

Couldn't see this posted already:

Officials from the People's Bank of China (PBOC) met with representatives of major bitcoin exchanges this week to urge their compliance with "relevant laws and regulations", according to statements from the central bank.

In total, two press releases were issued today, one by the PBOC's office in Beijing, the other by its Shanghai regional office, in which they revealed the meetings, as well as some information about what was discussed behind closed doors.

http://www.coindesk.com/chinas-central-bank-issues-warnings-major-bitcoin-exchanges/

[kurious]

Couldn't see this posted already:

Officials from the People's Bank of China (PBOC) met with representatives of major bitcoin exchanges this week to urge their compliance with "relevant laws and regulations", according to statements from the central bank.

In total, two press releases were issued today, one by the PBOC's office in Beijing, the other by its Shanghai regional office, in which they revealed the meetings, as well as some information about what was discussed behind closed doors.

http://www.coindesk.com/chinas-central-bank-issues-warnings-major-bitcoin-exchanges/

It doesn't sound like a ban - just 'caveat emptor' (buyer beware).

So 'China ban' is pure FUD

[European Central Bank]

So 'China ban' is pure FUD

yep. but that doesn't stop it working like a charm every.single.time.

[saekki]

China bans bitcoin again and we are still higher than couple of weeks ago. Seems quite bullish to me.

[savetherainforest]

What a shocker that whole rise was a manipulation by China, right?

Time to bath in bull blood.

I think in ancient norse gods times they used reindeer blood... Too bad Rudolf is contaminated with radiation now from Chernobyl...

[kurious]

On stamp a 400 BTC buy will put us up over 950...

Once this dump turns, it will spike up fast.   Never a dull moment, eh Honeybadger?

[Tzupy]

Support broken. Looks like we are in the middle of the second leg down of A.

Critical support broken, confirms we were in the middle. Bottom should be around 5000 CNY.

China won't drop right now, so either the last small part of the dump is truncated, or delayed for several hours. 5000 CNY would have been a bear's wet dream.

[ImI]

It doesn't sound like a ban - just 'caveat emptor' (buyer beware).

Exactly. And its obv no coincidence as we just broke the Yuan ATH. They are afraid of a bubble.

[kurious]

Support broken. Looks like we are in the middle of the second leg down of A.

Critical support broken, confirms we were in the middle. Bottom should be around 5000 CNY.

China won't drop right now, so either the last small part of the dump is truncated, or delayed for several hours. 5000 CNY would have been a bear's wet dream.

I never margin trade, but this is a moment I would expect some smart types to go long.

You still think we have further to go down?

I am not criticising - given your recent prescience, I am asking.

[Tzupy]

Support broken. Looks like we are in the middle of the second leg down of A.

Critical support broken, confirms we were in the middle. Bottom should be around 5000 CNY.

China won't drop right now, so either the last small part of the dump is truncated, or delayed for several hours. 5000 CNY would have been a bear's wet dream.

I never margin trade, but this is a moment I would expect some smart types to go long.

You still think we have further to go down?

I am not criticising - given your recent prescience, I am asking.

Quite likely to go further down, but not right now. Go long only for scalping.

[MR1]

So China "bans" BTC once again?  Old Chinese trick LOL

[ImI]

So China "bans" BTC once again?  Old Chinese trick LOL

Funny thing is they never said anything about banning. They just say "manage your risk".

[Searing]

Couldn't see this posted already:

Officials from the People's Bank of China (PBOC) met with representatives of major bitcoin exchanges this week to urge their compliance with "relevant laws and regulations", according to statements from the central bank.

In total, two press releases were issued today, one by the PBOC's office in Beijing, the other by its Shanghai regional office, in which they revealed the meetings, as well as some information about what was discussed behind closed doors.

http://www.coindesk.com/chinas-central-bank-issues-warnings-major-bitcoin-exchanges/

It doesn't sound like a ban - just 'caveat emptor' (buyer beware).

So 'China ban' is pure FUD

You'd think they'd get the exchanges out of china ....not a good place to be imho as an exchange operator...in that for example that book seller that p/o
the chinese was kidnapped from hong kong...hate to be such an operator if China got all medieval......

If China really wanted to Ban BTC imho.they would just have to outlaw any mining crypto machines..that would put a kink in the works price and otherwise

just like in the USA ...stuff is just noise sometimes..(hope this is so) you don't have to build a wall in the usa for immigration .just make it a 100,000 buck fine
per instance of hiring such.....simple.but the power lies with the folk that employ such ..so that won't happen

it is not banning of btc in china it is making all involved in the exchanges with BTC and such 'uncomfortable' enough that they fade away..how it is usually done there
what they are trying to do in hong kong now imho with little sucess

lots of FUD ...fun times

[chopstick]

Scaling issue still not solved, launch aborted.

Average fee is like what, 50 cents?

WTF is this, paypal?

[Gyrsur]

Scaling issue still not solved, launch aborted.

Average fee is like what, 50 cents?

WTF is this, paypal?

Privacy issue neither!

[soullyG]

So China "bans" BTC once again?  Old Chinese trick LOL

Funny thing is they never said anything about banning. They just say "manage your risk".

Yeah, I was surprised to see CoinDesk not using that in their title (they normally love a good bit of clickbait)

[MR1]

So China "bans" BTC once again?  Old Chinese trick LOL

Funny thing is they never said anything about banning. They just say "manage your risk".

Exactly LOL

Deliberated attempt to stop the rocket.