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

[shapeshiftscam]

http://www.coindesk.com/two-chinas-biggest-exchanges-stop-bitcoin-withdrawals/

oh boy. fuck dat shit.

edit: so now they can only sell their coins if they want to get out. 

PBOC seems very retard, they suspect bitcoiners laundry money, but the truth is that most people have less than 100 BTC, money landry with a little money? They should focus more on fiat laundrying, they hate Chinese earn money from bitcoin, they are envy those early adopters.

[bitcoinvest]

imagine now that you could not touch your bitcoins for one month......
remembers me the MtGox days...
and imagine this first wave came up and now in China is night.... until tomorrow i would say (maybe in any minute also) we will have a second wave that will bring us bellow 850 about .....

my personal opinion comparing to the last dump...

this was planned to happen now and we will see more dumps at the next hours..

[AlexGR]

The good thing is that people got a new "reminder". If you don't get the coins in your wallet, you don't really own them.

So if you buy coins => get them right away in your own wallet, don't leave them in an exchange... Exchanges get "hacked", get government interventions, etc etc.

[Lauda]

$970. Save yourselves!

[abercrombie]

isn't coins being trapped in China good?  less liquidity?  we'll be trading with less of a pool of Bitcoins.

anyhow...

is crypto done?? 

[bitcoinvest]

$970. Save yourselves!

This is so true this moment.....
Be prepared for the second dump....i had a long time to live moments like this one when i had the second monitor on the exchange ! lucky for me i sold before.. wow as i write i see 5 euro per second down!

[jackjack]

The good thing is that people got a new "reminder". If you don't get the coins in your wallet, you don't really own them.

So if you buy coins => get them right away in your own wallet, don't leave them in an exchange... Exchanges get "hacked", get government interventions, etc etc.

Yeah exactly, but now it would be "nah, only chinese would do that"
People never learn

is crypto done?? 

[Cassius]

isn't coins being trapped in China good?  less liquidity?  we'll be trading with less of a pool of Bitcoins.

anyhow...

is crypto done?? 

They are trapped due to AML requirements, so the only way they can 'escape' is to convert themselves to fiat and leave via the front door in full view of the authorities.
Someone will buy them, being prepared to wait a month to withdraw them, but they will obviously want a heavy discount for their patience.

[MinermanNC]

Alright now, this is really starting to hurt. 

[Meuh6879]

http://www.coindesk.com/two-chinas-biggest-exchanges-stop-bitcoin-withdrawals/

Two of China's most widely used bitcoin exchanges have announced that they will suspend bitcoin and litecoin withdrawals for one month effective immediately.

Yuan recharge, withdrawals and other services will not be affected, the exchanges said.

[JayJuanGee]

Yes I dit! Not only have I paid off the loans I made for my initial investements, I have also paid off the loan I had for my favorite mode of transportation.Not exactly a boat, but it puts a smile on my face every time I ride it.

Don't forget to follow current bitcoin price and calculate how much you've lost every time you ride it!

I never stop calculating how much I could've had with 20-20 hindsight. And the current price is of course still of interest to the part of my stash that I still have left. Much more relaxed about that tho now that I do not have loans anymore that I need to pay off.

Certainly, if you are leveraged, then you have to be more careful and close those positions more quickly than you would with an unleveraged position.

[Lauda]

$970. Save yourselves!

This is so true this moment.....
Be prepared for the second dump....i had a long time to live moments like this one when i had the second monitor on the exchange ! lucky for me i sold before.. wow as i write i see 5 euro per second down!

$960 is breaking. I guess the next stop is $920.

Alright now, this is really starting to hurt. 

I said save yourselves.

[HI-TEC99]

isn't coins being trapped in China good?  less liquidity?  we'll be trading with less of a pool of Bitcoins.

anyhow...

is crypto done?? 

They are trapped due to AML requirements, so the only way they can 'escape' is to convert themselves to fiat and leave via the front door in full view of the authorities.
Someone will buy them, being prepared to wait a month to withdraw them, but they will obviously want a heavy discount for their patience.

There is probably a flood of Bitcoin withdrawals from BTCC as it hasn't yet temporarily stopped them. BTCC's customers are probably withdrawing, then dumping on a safe exchange. After they finish dumping the price will probably go back up.

[bitcoinvest]

$970. Save yourselves!

This is so true this moment.....
Be prepared for the second dump....i had a long time to live moments like this one when i had the second monitor on the exchange ! lucky for me i sold before.. wow as i write i see 5 euro per second down!

$960 is breaking. I guess the next stop is $920.

Alright now, this is really starting to hurt. 

I said save yourselves.

We have a big road ahead as at this point.... Kraken now on 848 EURO.... can you imagine? 150 euro down compare to some hours before... this is crazy....
be careful now...or better save yourselves!

[jaberwock]

Still the effect of real news is not bigger than the January fall to $800 and lower that happened for no concrete reason, at least until now

I guess the chinese are getting less power in the price, what their next move will be?

[jbreher]

Today:
Buy the dip
Buy the dip
Buy the dip
Buy the dip
Buy the dip
Sell the bounce
Sell the bounce
Sell the bounce
Buy the dip
Sell the bounce
Buy the dip

Tomorrow:
Sell the bounce
Sell the bounce
Sell the bounce

Net: Same # BTC, a little fiat in pocket. Most likely resuming our upward trajectory. Loving the volatility. Not a bad day.

[ImI]

Still the effect of real news is not bigger than the January fall to $800 and lower that happened for no concrete reason, at least until now

I guess the chinese are getting less power in the price, what their next move will be?

Next step would obv be to close a small exchange. Then, after several smaller ones, proceed with the bigger ones.

Then go after the miners. Then go after every retailer that accepts BTC.

[Meuh6879]

Net: Same # BTC, a little fiat in pocket. Most likely resuming our upward trajectory. Loving the volatility. Not a bad day.

same here ...

[julian071]

about time. go away china and remember not to come back. time to move beyond and it's a price well worth paying.

I think down more, it takes an hour for coins to be exchangeble even if traders hear of the news almost immediately. I placed a low buying order, if that doesn't fill I'll buy at whatever the price is in an hour or so from now.

[bitcoinvest]

keep in mind that in some cases the deposits to exchanges take some hours...

what i want to say is that the party is not over as i understand  ans said before we will have a second wave down...or better continuing of the first since seems never ending,...just look the sells... omg