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

[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?

[xxxgoodgirls]

Oh no, bears again.

[Lauda]

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

No thanks.

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

You definitely sold at the bottom.
Recovery time? It is definitely way oversold.

[Torque]

“With growth momentum nearing its peak and rates increasing further with a hawkish Fed, the asymmetry for equities is turning increasingly negative. This also means more vulnerability to potential shocks, e.g., from European politics, US policy, commodities and China. The increase in risk appetite in recent months and strong positioning by systematic investors such as CTAs and risk parity funds increases ‘vol of vol’ risk, i.e., the potential for a sharp correction.”
-Goldman Sachs, March 15th, 2017

 

[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.

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?

They can trade Bitcoin on the exchanges right now.This means that buying and selling BTC on those platforms is possible.
Furthermore they can withdraw in Yuan, as long as they are a chinese citizens.
What they can't do at the moment is withdraw in BTC. So to put BTC in their own wallets for instance, to get them off the exchanges, they exchange into Yuan, then withdraw and buy back BTC on their local marketplaces via localbitcoins or MyCelium.
That's the actual procedure as far as I know.