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

[Ibian]

also, based on the last twenty years, i don't know that i'd complain much about google ruling the world...

I would. It's a leftist organization, which means they censor stuff, which is really really bad considering they are THE search engine on the net. They are officially on team evil.

[Ibian]

So, what happened? I don't see any news of China banning Bitcoin or similar. ~11% drop in 24 hours does seem sharp when there are no news about it.

But is it enough? I say thee nay! A further drop is needed!

[Lauda]

So, what happened? I don't see any news of China banning Bitcoin or similar. ~11% drop in 24 hours does seem sharp when there are no news about it.

But is it enough? I say thee nay! A further drop is needed!

What makes you think that it is not enough? The price has been rising for weeks and has been correcting itself on the way up. Unless, you sold at the bottom?
Look at the other cryptocurrencies market, it has tripled in <10 days. Organic growth?

[Ibian]

So, what happened? I don't see any news of China banning Bitcoin or similar. ~11% drop in 24 hours does seem sharp when there are no news about it.

But is it enough? I say thee nay! A further drop is needed!

What makes you think that it is not enough? The price has been rising for weeks and has been correcting itself on the way up. Unless, you sold at the bottom?
Look at the other cryptocurrencies market, it has tripled in <10 days. Organic growth?

Sold higher up. Wanna buy lower down. Simple stuff.

[Ted E. Bare]

Jimbo is probably rushing to the nearest bitcoin ATM to buy.

[Cassius]

Jimbo is probably rushing to the nearest bitcoin ATM to buy.

No, he is still sleeping off last night's 30 beers. Then he will rush to the atm. He is nothing if not predictable.

[BlindMayorBitcorn]

If he's in the market he can buy mine. This BTU business is going to fork us all up good if someone isn't careful. Unless it's already too late. Has anyone committed to listing it yet?

Also: Lay off my posts, red pen! 

[jbreher]

This BTU business is ... Has anyone committed to listing it yet?

Yeah. All the major exchanges have been listing Bitcoin Unlimited since its inception over a year ago. You can usually find it by searching for the symbol 'BTC' or 'XBT'.

[york780]

Wouldnt it be funny if all thos FUD doesnt come true and Segwit gets activated and they all sold at the bottom and i get their cheap coins? Just another test for the weak. See you at 10k

[julian071]

I guess we hit the bottom, seeing that money is starting to pull out of alts?

[Ted E. Bare]

Did you buy back in Adam? The support at 1100 is amazing. Bitcoin is strong.

[HanvanBitcoin]

Almost below €1000,-.  I have my buy order placed at €850,-

[r0ach]

So, what happened?

Well, congrats to Mat for the MatTheMat reverse indicator working like a champ again.  A call for $1500 was made and now we're looking at a nice $1100 bear market.

[Cassius]

Almost below €1000,-.  I have my buy order placed at €850,-

Bold.

[600watt]

Almost below €1000,-.  I have my buy order placed at €850,-

Bold.

this time even i bought the dip. 

[MR1]

Can you tell me if chinese are now allowed to withdraw BTC from their exchange platforms? If no, when they begin withdrawals?

[Denker]

Can you tell me if chinese are now allowed to withdraw BTC from their exchange platforms? If no, when they begin withdrawals?

I think there hasn't been set a specific date so far.
But the chinese can withdraw in Yuan, what they are doing, and then buy BTC back via localbitcoins.

[HI-TEC99]

Can you tell me if chinese are now allowed to withdraw BTC from their exchange platforms? If no, when they begin withdrawals?

I think there hasn't been set a specific date so far.
But the chinese can withdraw in Yuan, what they are doing, and then buy BTC back via localbitcoins.

It will be sometime after the PBOC enacts its new draft guidelines, and the exchanges have installed systems for collecting and reporting suspicious trading activity to authorities. How long that will take is anyone's guess.

http://www.marketwatch.com/story/chinas-new-bitcoin-rules-call-for-identity-check-2017-03-17

BEIJING--China's central bank is moving to regulate its domestic bitcoin industry, circulating new guidelines that, if enacted, would require exchanges to identify clients and adhere to banking regulations.

A draft of the guidelines says Chinese bitcoin exchanges would be subject to current banking and anti-money-laundering laws, and required to collect information to identify their clients, according to people familiar with the matter. They say the rules, if implemented, would require exchanges to install systems for collecting and reporting suspicious trading activity to authorities. The People's Bank of China would be in charge of handling violations by the exchanges.

[600watt]

Can you tell me if chinese are now allowed to withdraw BTC from their exchange platforms? If no, when they begin withdrawals?

I think there hasn't been set a specific date so far.
But the chinese can withdraw in Yuan, what they are doing, and then buy BTC back via localbitcoins.

i agree, they have been selling more in the last weeks then the west. but at least the current dip the chinese exchanges did not really participate to the same extend as kraken or stamp.

[MR1]

Can you tell me if chinese are now allowed to withdraw BTC from their exchange platforms? If no, when they begin withdrawals?

I think there hasn't been set a specific date so far.
But the chinese can withdraw in Yuan, what they are doing, and then buy BTC back via localbitcoins.

So they on their exchanges they already can sell BTC and withdraw Yuan. But they can not buy BTC. To buy BTC they go to foreign exchanges. Am I right?