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

[fragout]

I wonder how many of these chinese officials hold bitcoin and for that matter SEC officials who make a killing shorting every time they decide to "regulate"

Psh, this is typical of the mental illness within the cryptocurrency community. There MUST be conspiracy and evil meddling afoot! There is no way that infinite ICOs which attempt to steal kid's lunch money could POSSIBLY be negative!

How will kids ever learn to be careful with their lunch money when a nanny state feels the need to protect them on every turn. And if you believe that is the reason for the ban, be extra careful with Your lunch money.

[x2666]

How will kids ever learn to be careful with their lunch money when a nanny state feels the need to protect them on every turn. And if you believe that is the reason for the ban, be extra careful with Your lunch money.

This is far from a nanny-state. These are flat out predatory ponzi schemes. It's insanity and it needs to be addressed.
If you actually care about the adoption and success of cryptocurrency you should feel the same way about ICOs.

[600watt]

interesting that the ICO/ETHER super-greed camp is imploding now. dragging down our bitcoin. ICO better implode now for real than causing much more trouble later. e v e r y imaginable s h i t c o i n gets pumped to the millions.

they should have been patient and develop bitcoin sidechains with real life utility. but no, they wanted it all and instantly and without bothering the well established bitcoin platform.  

ETH, all the scam-coins, bcash and other scam-forks- they all want the same thing: kick bitcoin from its throne.  it is amazing how resilient bitcoin is facing the full range of straight competition to full force sabotage.

so yeah, let the scammers burn.

bitcoin and bitcoin only. that is my plan.

how embarrassing that even PBoC sees the ICO scam and acts and not the SEC and no european regulator (which are all busy screaming that bitcoin is dangerous and terror financing and online criminals...)

[fragout]

How will kids ever learn to be careful with their lunch money when a nanny state feels the need to protect them on every turn. And if you believe that is the reason for the ban, be extra careful with Your lunch money.

This is far from a nanny-state. These are flat out predatory ponzi schemes. It's insanity and it needs to be addressed.
If you actually care about the adoption and success of cryptocurrency you should feel the same way about ICOs.

Whether i agree with regulation or not, i do agree that the ICO thing is nuts atmo and i suppose i would have to concede that the masses need protecting from it in the same way a normal ponzi scheme is illegal. Bitcoin was and still is called a ponzi scheme though remember.

My original point though was "I wonder how many of these chinese officials hold bitcoin and for that matter SEC officials who make a killing shorting"
How else would you explain the sell off several hours before the news broke

[DaRude]

Shouldn't capital from Etherpoop be escaping to BTC right about now
 

[empowering]

Meh- this is the same as the many Bitcoin bans- they are going
to investigate 60 ICO platforms - regulate and then ICOs will be back on the table..

China just wants to get their hands around the space..

ICOs will be back - china has already started down the path..
The identity/Law chains and working with OnChain and more
Recently NEO- there has been too much done already for a 180.

They are just securing the ramps here imo.

What will emerge will be "sanctioned" ICOs done in a specific way

In other words China is about to go big ICOs imo

There is so much money being raised in China ATM

This is China bans Bitcoin all over again - and we all know how that turned out

What's in it for the Chinese government? 99% of ICOs will turn out to be worthless shite even if they're legitimised. Any country that shuts down its stock market won't be well disposed to let something as empty as ICOs flourish.

I think that the Chinese, +want to regulate out the 99% but are very serious about supporting the 1-5% that will bring (keep) wealth into the country

They know their country has a proclivity towards gambling....

China wants growth- and wants success - I do not believe they will close the ICO door forever- they will create a set of regulations to safeguard their own interests and "protect" citizens.

Smart contracts- intelligent ones,  of all types - are coming- we know it, they know it - there is no stopping it.. it is just a matter of when and how.

 IPO's ICO's will be carried out in the future by digital smart contracts... I cannot see any reason or way to stop this?  everything is going to become more and more digitised and interconnected....and the AI's will be taking apart in smart contract execution and arbitration - in many many fields...
I cannot see the financial industry being left out...and I cannot see ICO's being singled out for not being dragged into the 21st century along with everything else...

I cannot see China standing in the way of it either- in fact I wonder if they are more leaning towards positioning themselves at the front of it, and early.

I do not think they want to hinder themselves going forward, nor legitimate Chinese companies.

I think they are banning them now- and will in the future set out a framework for how these can legally operate -timescale unknown.

There are too many connected players and big money in China that have been involved in this space (smart contracts,blockchain) and a lot of work being done- I don't believe they are going to go through the whole process of working with the government setting up systems and framework to digitise assets (projects like LawChain & Identitychain) and then not at some point also not allow fundraising via smart contracts.


This is reactionary authoritative China at its best...

I expect them to comedown on this hard- set out regulations - and there will be some companies that just so happen to miraculously and with  such foresight ...almost psychic , just happen to have the exact platforms set up exactly the right way that they have massive advantage over the rest of the market... such companies already exist ... and they are already in position IMO- and this ruling comes as zero shock to them- nor their backers - their friends (and fellow investors) in government told them it was coming.

Everyone is ready....

[Heater]

Shouldn't capital from Etherpoop be escaping to BTC right about now
 

That's what I would have guessed. Right now it's ETH -12% and BTC -6.5%
I think ETH is getting off lightly.

[Denker]

Shouldn't capital from Etherpoop be escaping to BTC right about now
 

As very often seen before, many will go in cash and wait until the dust has settled before entering the stage again.
Although this is mostly against ICOs, the market tends to overreact and everything goes down.
Another opportunity to accumulate some more coins. Let the dummies freak out, I will gladly pick up what they've dumped.

[TaurusBit]

[x2666]

"buy when there's blood in the streets"

This isn't blood in the streets, this is the knife entering the skin in slow motion, the bleeding has hardly even begun.

[gentlemand]

"buy when there's blood in the streets"

This isn't blood in the streets, this is the knife entering the skin in slow motion, the bleeding has hardly even begun.

I dunno. This news gave me insta AIDS which is the worst type.

[El duderino_]

So what kind of idiot is Going to sell right now 😂 😂

Only a brave idiot would BUY right now. 

Then let the force be with me......

[spiderbrain]

"buy when there's blood in the streets"

This isn't blood in the streets, this is the knife entering the skin in slow motion, the bleeding has hardly even begun.

You are a bear poet, sir.

[Karartma1]

"buy when there's blood in the streets"

This isn't blood in the streets, this is the knife entering the skin in slow motion, the bleeding has hardly even begun.

You are a bear poet, sir.

 
This was not a very pleasant start of the day. Not even coffee will help. Let's monitor the situation closely and let's not panic.
I see $4286.7 on bearstamp as a bottom but I don't know if it will hold

[Cassius]

"buy when there's blood in the streets"

This isn't blood in the streets, this is the knife entering the skin in slow motion, the bleeding has hardly even begun.

You are a bear poet, sir.

Lambie? Igorr? You're... back?!

[Last of the V8s]

Great discussions itt overnight guys thanks.

[spiderbrain]

"buy when there's blood in the streets"

This isn't blood in the streets, this is the knife entering the skin in slow motion, the bleeding has hardly even begun.

You are a bear poet, sir.

 
This was not a very pleasant start of the day. Not even coffee will help. Let's monitor the situation closely and let's not panic.
I see $4286.7 on bearstamp as a bottom but I don't know if it will hold

This has been a possibility for a few days. The walls and volume look pretty healthy, though, I think this may just be a slightly bumpy bear trap bear trap. That said, if the whole ICO things goes under, it's pulling us down with it, for a while at least.

[Last of the V8s]

...

I want to see a test of the lower line, I put it at about 4200 ATM

...

gotta test 4250 first

on fire

[spiderbrain]

...

I want to see a test of the lower line, I put it at about 4200 ATM

...

gotta test 4250 first

on fire

It's either black magic or just logarithmic channel charts :b

[JayJuanGee]

In the 4300s. That's a little disappointing from practically being at 5000. I hope we can hold the 4000s

hahahahaha   

Look at you.

Seem to be on the verge of panic from a mere 15% correction, after a nearly 2x increase in less than a month.

My gosh.  What's this world coming to?  We cannot expect total up without any down, can we?

I feel that we are in the midst of an exponentially upwards BTC price curve (aka s-curve), but still, it cannot be ONLY straight up without any down, can it?