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

[Killerpotleaf]

hory sheit

China PBoC researching "RMBCoin" with blockchain tech to "truly achieve the goal of money for the people" ("Bi" for "Renmin" as in "RenMinBi")
 
https://twitter.com/cnLedger/status/822617053752422404

30 mins after that tweet btcusd up by +$10 or so.

Looks like people like the idea - or at least the idea that China thinks the cryptocurrency idea is good.

That news isn't even new.  I mean I read yesterday or the day before something from PBOC talking about how they believe cryptocurrency is good but the "emission should be controlled by the state".  So I mean, all they really want to do is make a govt slave coin that has nothing to do with Bitcoin at all.  I'm not even sure how that would be bullish.  If anything, they would probably ban Bitcoin after they make their govt slave coin.

right it seems there just trying to create a blockchain which keeps track of CNY, they control how much CNY is in the blockchain  or somthing.

i guess this would be bullish for bitcoin because it gets more poeple exposed to crypto, and it wont take them very long to understand that CNYcoin is a bit of a ripoff

[harrymmmm]

hory sheit

China PBoC researching "RMBCoin" with blockchain tech to "truly achieve the goal of money for the people" ("Bi" for "Renmin" as in "RenMinBi")
 
https://twitter.com/cnLedger/status/822617053752422404

30 mins after that tweet btcusd up by +$10 or so.

Looks like people like the idea - or at least the idea that China thinks the cryptocurrency idea is good.

That news isn't even new.  I mean I read yesterday or the day before something from PBOC talking about how they believe cryptocurrency is good but the "emission should be controlled by the state".  So I mean, all they really want to do is make a govt slave coin that has nothing to do with Bitcoin at all.  I'm not even sure how that would be bullish.  If anything, they would probably ban Bitcoin after they make their govt slave coin.  All the stuff I read made it sound more like they want to get rid of Bitcoin and replace it rather than "embrace" it.

Sure. The govcoin idea isn't new at all - we've all been expecting attempts at it for years now.
This is a concrete (well, tweeted!) plan though.  I think it points to a certain amount of respect for cryptocurrency in China.

I agree that, as we expected for all govcoins, it would be an attempt to replace/reduce bitcoin use. That's long term and way beyond trader horizons I would think. And we're bitcoiners, right? Govs can't actually replace it; just make it harder to use maybe (the only bearish component in the story).

[criptix]

A cryptocurrency which is fully controlled by a nation state is just a national currency.
And banks do the job good and cheap enough for fiat transfers.

There wont be any chinacoin...

[PoolMinor]

I censor you because people in this thread don't appreciate me quoting a troll.

I'm probably....

Like this .....

https://steemit.com;


https://bitcointalk.org;



https://bitcointalk.org;

https://bitcointalk.org/index.php?topic=178336.msg12346576#msg12346576
https://bitcointalk.org/index.php?topic=317658.msg12387998#msg12387998
https://bitcointalk.org/index.php?topic=178336.msg16007110#msg16007110
https://bitcointalk.org/index.php?topic=317658.msg15809007#msg15809007

[Torque]

A cryptocurrency which is fully controlled by a nation state is just a national currency.
And banks do the job good and cheap enough for fiat transfers.

There wont be any chinacoin...

INB4 the U.S., Germany, and like 5 other nations also announce their own "national" coins  

[marcus_of_augustus]

trump pop?

[Paashaas]

China is on fire, look at that nice weekend pump

$930...i hope it stays in this range this time.

[PoolMinor]

China is on fire, look at that nice weekend pump

$930...i hope it stays in this range this time.

6

[podyx]

Maybe they are really serious with it though, I would be interested in how it would be created and distributed etc.

Still think the black market will prevail. Every good technology has come from drugs, weapons and war basically.

[lightfoot]

trump pop?

Everyone is getting rid of dollars as fast as possible. But what are you going to invest in? Euros? Rubles?

Nope, Bitcoin!

[shift_damn3d]

hold your seats !!

[JayJuanGee]

long time hodeler here ...sporadic buys... price tanks
sporadic sells... price moons

fyi fellow bitcoiners... i just bought

Sounds like you need a better buying and selling strategy.  buying on the way up and selling on the way down usually does not work  too well because the price will reverse...

On the other hand, if you buy on the way down and then sell on the way up, then you will likely put your overall portfolio into a better position.


Regarding current price movement, unless this is a fake out, we have a decent chance of moving upwards, and maybe even testing $950 and higher... and sure if we get past $950 then maybe there could be some challenges in the upper $900s arena...

Sure, none of this is certain, and we still could experience tests of the mid to upper $800s in the coming days if there is not enough buyers behind this pump... .. yet I do kind of have the sense that mid to upper $900s are within reasonable possibilities...

On a personal level I had already been buying all the way down to the mid $700s and then selling all the way up to mid $900s and then buying again on the most recent dip into the mid to upper $800s, with this price rise, I am selling very small increments.. actually my selling is probably so small that no one really notices, even though it kind of adds up  with these considerable price movements of the past few weeks.

[r0ach]

trump pop?

Trump's economic policy is essentially "make the yuan strong again" so the US can export, while the Chinamen dump their soon to be appreciating Yuans?

[r0ach]

It's happening.






http://www.dailystormer.com/nazi-currency-bitcoin-hits-1000-usd-value/

[DaRude]

We still in triple digits? That was like so 2016

[protokol]

Hitting the resistance level at ~ $920.

With a little bit of buying we could shoot past this level into the $940 range. Then either bull run back up to $1000+ levels, or sell-off back to the $850 levels. I think this is the most likely scenario [edit, I mean the breaking of the 920 level to the upside is likely], then... (perhaps 70% chance of bull run, 30% chance of drop to ~ $850, if the $920 barrier is broken to the upside)

If the resistance level at $920 isn't broken (but I think it will be), we could see a further drop, perhaps to $750-800.

That's my feeling looking at the charts, anyway.

It looks bullish to me. keep hodling, hodlers... lets keep this rollercoaster climbing!

[yonton]

Just because we don't break 920 doesn't mean we're going to crash down to 750

[PoolMinor]

Just because we don't break 920 doesn't mean we're going to crash down to 750

Those 2 points don't necessarily draw a straight line.

[Karartma1]

Bitcoin is the must have for the rich now. OTC Bitcoin are on the way up: someone at work knows that I hold Bitcoin and they're rapidly turning to me for knowledge and, of course, bitcoins. The followings says it all:
I've been asked to provide 25 BTC. I refused. They were willing to pay more than 20% of current price. I refused.
I've told them to go buy them on the exchanges and do KYC/AML.
I think for the first time in their life they realized what their fiat money real value is and what that's value of financial freedom.

[Cassius]

A cryptocurrency which is fully controlled by a nation state is just a national currency.
And banks do the job good and cheap enough for fiat transfers.

There wont be any chinacoin...

There will, and it's a terrifying idea in the hands of a country that is perfectly at home practising wide-scale internet surveillance and censorship.