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

[MinermanNC]

Alright now, this is really starting to hurt. 

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[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

[HI-TEC99]

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.

One exchange thinks the PBOC has a hidden agenda. Maybe it's panicking because the yuan keeps crashing while Bitcoin keeps rising.

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

Others have hinted that the PBOC may have other motives for the announcement.

"Somehow, they perceive the high price and the rising price as a threat," said one exchange executive speaking under condition of anonymity.

[Cassius]

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.

Going after miners will be tougher, at least the small ones. And I understand that there isn't much of a 'real' bitcoin economy in China. Few merchants accept it as payment. It's mostly used by speculators.

[RayX12]

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.

That is paranoia extreme.  

This is China manipulation to buy more bitcoins cheap.  Drama will be over in a week.

[raiblock]

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.

One exchange thinks the PBOC has a hidden agenda. Maybe it's panicking because the yuan keeps crashing while Bitcoin keeps rising.

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

Others have hinted that the PBOC may have other motives for the announcement.

"Somehow, they perceive the high price and the rising price as a threat," said one exchange executive speaking under condition of anonymity.

Very deductive reasoning there cartman!  
Are you sure your not batman. We need his detective skills to figure this one out why it keeps falling faster now.

[rjclarke2000]

I'm actually not enjoying this price drop. It's beginning to hurt my eyes seeing these numbers.

Today started so well and looked so bullish. It just shows btc hasn't grown up fully and can be battered at any moment. This will not help ETF

[Cassius]

I'm actually not enjoying this price drop. It's beginning to hurt my eyes seeing these numbers.

Today started so well and looked so bullish. It just shows btc hasn't grown up fully and can be battered at any moment. This will not help ETF

Meh. Blame PBoC for this one. Blame Stolfi for the ETF

[Biodom]

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.

oh, please, just cut it. If they wanted this, they would have done it long time ago.
high price as a threat? To what exactly? Sometimes communists have such idiotic notions.

[HI-TEC99]

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.

Going after miners will be tougher, at least the small ones. And I understand that there isn't much of a 'real' bitcoin economy in China. Few merchants accept it as payment. It's mostly used by speculators.

I doubt they will go after miners because if they do they might as well just really ban Bitcoin. They have repeatedly stated they won't ban Bitcoin, they just create a panic every so often.