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

[HI-TEC99]

ASSUMING above is true. CAN the masses in China move Yuan still in some manner outside of the country, with the exchanges located outside, in a large manner to support

Yes, according to razor-forex there has been a huge spike in Chinese Local Bitcoins trading volume. Some traders are paying ¥1000 over spot price. The volume is at its highest ever.

The Chinese are deserting their exchanges in favour of Local Bitcoins.

http://www.razor-forex.com/2017/02/chinese-bitcoin-traders-flock-to.html

Bitcoin trading volumes on LocalBitcoins in China hit a new all-time high for the week ending Feb. 11, 2017. Charts from Coin.dance show a surge of ¥6,599,940 worth of bitcoin transactions for that week.



LocalBitcoins volumes in the country have not come close to last week’s figure since the third week of June in 2016, when the last all-time high of ¥5,296,533 was recorded.

The demand in China for bitcoin is so great on LocalBitcoins at the moment, sellers are offering the digital currency with markups as high as ¥1000 over spot rate. At press time, the BTC/CNY rate on exchanges like Huobi is hovering around ¥6800.00.

[minero1]

$992 now and going down.
Time to sell or weather this storm?

[600watt]

$992 now and going down.
Time to sell or weather this storm?

995.9 going up.

[veleten]

Keep in mind all these guys are mostly in for making money. I doubt that even one of them is a true Bitcoin lover.Also the Winklevoss bros are only business men, 100%.

my guess is that this bitcoin thing is - if it gets mainstream traction - their only chance to dwarf zuckerbergs social media empire. they have got 100k btc. (worth $100mio) one must have some sympathy for the coin to keep so many, imho.

zuckerberg is worth $56 billion. lol, bitcoin has to 560fold for them to catch up. hm... long shot.  

^This.

For all the people who talk about Bitcoin being a global economic force and so on, they really need to put things in perspective. Bitcoin's market cap is at about $16,000,000,000 which is by averaging all coins at $1000. Now we all know that even if a fraction [say 1/4] of those coins were all sold off; the price would drop drastically. But lets look at the glass half full and say Bitcoin is worth $16Billion.

• AOL Bought Time Warner for $186 Billion.
• Vodafone Airtouch acquires Mannesmann – $185.1 Billion
• Pfizer Acquires Warner-Lambert – $87.3 Billion
• SBC Acquires AT&T – $83.1 Billion
• Exxon Acquires Mobil - $80 Billion

Or Microsoft purchased Lumia for $7.6 Billion which they just wrote off as a failure.


Bitcoin is chump change in the grand scheme of things.

this only proves that bitcoin is undervalued at the moment
1000$ and 16 bil capitalisation are not set in stone and it seems like none is writing bitcoin off (like Microsoft with Lumia   )
on the contrary we are about to see the all time high if not this quarter,then this year for sure

[Tzupy]

12h MACD has crossed into negative on Chinese exchanges, but not on western ones.

[edgar]

i wasnt predicting or proclaiming 800s - wishful thinking perhaps.

poolminor has been saying 800s are inbound.

im selling gold & want cheap coins, 970 wasnt low enough

and we're back over 992 again

maybe next time

[Denker]

$992 now and going down.
Time to sell or weather this storm?

What?
My friend we were down to $975 bounced back up to 995.
I see absolutely no reason to sell.
As I said before, it looks like we are glued here.For ~2 weeks almost sideways movement at the $1000 range.We've never seen that in BTC before!!

[Aviator019]

Opportunity on stamp... BTC/EUR price is about 10 euros too high compared to BTC/USD... if you dont mind having some euros on hand for a little while untill you can buy again or is there something I am missing?

[Kramerc]

12h MACD has crossed into negative on Chinese exchanges, but not on western ones.

What exactly are the Chinese exchanges trading again?

IOU CFDs?

[fitty]

$992 now and going down.
Time to sell or weather this storm?

My friend we were down to $975 bounced back up to 995.
I see absolutely no reason to sell.
As I said before, it looks like we are glued here.For ~2 weeks almost sideways movement at the $1000 range.We've never seen that in BTC before!!

Yeah . Its been two weeks since the price of bitcoin raises about $1000 and I think its a good indication that we should hold our bitcoins because a price increase was not
Impossible. There may be times when its price fall down but I think it can resist and retain its $1000 price so no need to worry about selling because it is best to hold that first and wait for a pump.

[_nur]

looks like bitcoin will be going up soon because the bull sentiment is still here

[abercrombie]

mewn time slightly delayed, please stay seated. thanks for your patience.

[Torque]

Notice that without any China FUD to work with, the whale dumping into his own walls has no effect.

Oh dear, wat will dey do without China??   

[600watt]

Notice that without any China FUD to work with, the whale dumping into his own walls has no effect.

Oh dear, wat will dey do without China??   

PBOC officials are the whales. 

[jackjack]

This looks like an interesting time for BTC brothers, I think it is time we get governance under control. Some coins will assist in bringing these solutions to light and I encourage all of you Bitcoin maximalists to read this piece: https://bitcointalk.org/index.php?topic=1788901.0

Good day.

Bitcoin Forum > Alternate cryptocurrencies > Altcoin Discussion

[HI-TEC99]

Notice that without any China FUD to work with, the whale dumping into his own walls has no effect.

Oh dear, wat will dey do without China??   

It's back up to $1000 again on stamp. The mini-dump didn't work, traders are getting so used to a $1000 floor that dumps don't scare them anymore.

[600watt]

[gembitz]

^try to sell whales keep buying! Mark Kerpeles is lurking somewhere with his stupid card tricks? :-D

[Aviator019]

Whales seem so keen on having the price around 1000... some of these orders are ridiculous, right now there are about 500BTC for sale just above the $1000... and when the buyers start chipping into it, they get refilled to precisely 75.00000000 or 100.00000000... one is even 300.00000000. Thoughts?

[bitcoinvest]

^try to sell whales keep buying! Mark Kerpeles is lurking somewhere with his stupid card tricks? :-D

wow it's not only me that i mention sometimes gox here but everytime i write or read about him or the exchange is pain in the ass .... next month is the creditors meeting i think 9 of March.
we have been more times up from $1000 and i think he is not responsible but what you want to say is that somebody manipulates the price??