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

[mymenace]

So there's still no confirmation that China is going to ban crypto exchanges, right?

It seems like some big media groups just rumored this off and everyone started to follow it. Bitcoin, in my opinion, along with all the alts, would now start its recovery phase towards $5000.

My understanding is that bloomberg, routers and WSJ kinda confirmed it though through other sources...
Plus I read rumors about a wallet china is preparing for their crypto. Likely they will make their own crypto and ban everything else... not sure what would be the use though.

From what I have heard ICO's are halted until they become regulated by the state

contrary to the FUD china is not banning exchanges or ICO's, just wanting to control and regulate it first


nefariously it is a great opportunity to implement state crypto allowing it to grow before trading against ICO's

[Raja_MBZ]

So there's still no confirmation that China is going to ban crypto exchanges, right?

It seems like some big media groups just rumored this off and everyone started to follow it. Bitcoin, in my opinion, along with all the alts, would now start its recovery phase towards $5000.

My understanding is that bloomberg, routers and WSJ kinda confirmed it though through other sources...
Plus I read rumors about a wallet china is preparing for their crypto. Likely they will make their own crypto and ban everything else... not sure what would be the use though.

From what I have heard ICO's are halted until they become regulated by the state

contrary to the FUD china is not banning exchanges or ICO's, just wanting to control and regulate it first


nefariously it is a great opportunity to implement state crypto allowing it to grow before trading against ICO's

Regulating with strict rules is fine, but I don't see any reason of completely banning something which is accessible through VPN's & VPS's.

...and they're Chinese, they know much more beyond the usage of these private servers.

[d_eddie]

https://bitcoinwisdom.com/

china pumping (+9%)... easterns dumping (-2%)   

Arbitraging with China is not easy, but there are some who can. I think China has just been filling the gap.

[leowonderful]

I know people in China with outside connections that have been actively arbitraging recently. To be fair, China has been quite far below Western prices either way- they'll probably begin to catch up to European and North American prices soon.

[ragnar0k]

So there's still no confirmation that China is going to ban crypto exchanges, right?

It seems like some big media groups just rumored this off and everyone started to follow it. Bitcoin, in my opinion, along with all the alts, would now start its recovery phase towards $5000.

My understanding is that bloomberg, routers and WSJ kinda confirmed it though through other sources...
Plus I read rumors about a wallet china is preparing for their crypto. Likely they will make their own crypto and ban everything else... not sure what would be the use though.

From what I have heard ICO's are halted until they become regulated by the state

contrary to the FUD china is not banning exchanges or ICO's, just wanting to control and regulate it first


nefariously it is a great opportunity to implement state crypto allowing it to grow before trading against ICO's

Full on exchange ban I am afraid
https://www.bloomberg.com/news/articles/2017-09-11/china-is-said-to-ban-bitcoin-exchanges-while-allowing-otc-trades-j7fofh20

[MNDan]

So there's still no confirmation that China is going to ban crypto exchanges, right?

It seems like some big media groups just rumored this off and everyone started to follow it. Bitcoin, in my opinion, along with all the alts, would now start its recovery phase towards $5000.

My understanding is that bloomberg, routers and WSJ kinda confirmed it though through other sources...
Plus I read rumors about a wallet china is preparing for their crypto. Likely they will make their own crypto and ban everything else... not sure what would be the use though.

From what I have heard ICO's are halted until they become regulated by the state

contrary to the FUD china is not banning exchanges or ICO's, just wanting to control and regulate it first


nefariously it is a great opportunity to implement state crypto allowing it to grow before trading against ICO's

Full on exchange ban I am afraid
https://www.bloomberg.com/news/articles/2017-09-11/china-is-said-to-ban-bitcoin-exchanges-while-allowing-otc-trades-j7fofh20

Fake news I am afraid...

[JayJuanGee]

MAST: Google is your friend

https://www.coindesk.com/inside-mast-little-known-plan-advance-bitcoin-smart-contracts/
https://www.coindesk.com/master-plan-better-bitcoin-smart-contracts-go-live-year/

Yes.. those linked articles are very helpful.

It is quite likely that seg wit is providing more serious discussion points of some concepts that have become more reachable and practical after segwit activation became a "done deal" rather than just a theoretical wish...

It's becoming more clear that the various nutjob big blockers, bitcoin deniers (segwit deniers), bitcoin obstructionists (and saboteurs) are fighting an uphill Don Quijote-like battle.  hahahahaha....      

Not that they are going to stop trying to undermine bitcoin and distract us from the real prize, which remains bitcoin proper rather than the various imitators.

Surely, us bitcoin bulls are less than 1%... and it is a bit of a scary situation to see these ongoing developments that remain bullish for bitcoin and likely to continue to cause continuing and ongoing upwards price pressures on bitcoin.  Accordingly, I remain grateful to the many smart people in this space who see through the bull and build so many interesting and powerful bitcoin tools, which compete and snowball and complement and in the end, we get a stronger and stronger bitcoin.. little by little. 

[ragnar0k]

Fake news I am afraid...

Let's hope so... I can't see BC growing at the pace we are used to without China

[gentlemand]

Let's hope so... I can't see BC growing at the pace we are used to without China

Chinese zero fee exchanges fucked Bitcoin's value for years on end. Every time there was a rise in the West, China dumped on it time and time again and for some reason the West was terrified of China despite it being four teenagers with bots. We only got significantly above 1000 dollars after China was closed down. China has done very little for Bitcoin's overall health.

[ragnar0k]

Let's hope so... I can't see BC growing at the pace we are used to without China

Chinese zero fee exchanges fucked Bitcoin's value for years on end. Every time there was a rise in the West, China dumped on it time and time again and for some reason the West was terrified of China despite it being four teenagers with bots. We only got significantly above 1000 dollars after China was closed down. China has done very little for Bitcoin's overall health.

I see where you are coming from, but China in 2014 was not what it is today. Maybe you are right, but I have the feeling that if BC wants to have trust from investors China needs to be onboard nowadays, Western markets will be worth less and less in the coming years

[empowering]

Let's hope so... I can't see BC growing at the pace we are used to without China

Chinese zero fee exchanges fucked Bitcoin's value for years on end. Every time there was a rise in the West, China dumped on it time and time again and for some reason the West was terrified of China despite it being four teenagers with bots. We only got significantly above 1000 dollars after China was closed down. China has done very little for Bitcoin's overall health.

I see where you are coming from, but China in 2014 was not what it is today. Maybe you are right, but I have the feeling that if BC wants to have trust from investors China needs to be onboard nowadays, Western markets will be worth less and less in the coming years

I see where you are coming from,but BTC 2014 was not what is is today...

Honestly .... your post is transparent

China IS on board did you not notice by the Chinese buying fucka loada  BTC past few years? ? non?  hmmmkay!
(their gubermint is another matter- but even then DUUHgubermint close down is BULLISH as history has shown us)

Take note of every IP based ban in the past

This will get uttelry raped in its little bumhole..

My best bets is that this is all going to turn into something very very bullish for BTC.

Prohibition.... we all knows hows thats be workin' out.

Plus I think our friends in the land of the red dragon are faking us out.

Not that it could not get dirty on the way.

But we know where this is headed right my stable headed friends?

They are afraid of this bull.

Well they should be because it has a big hard cock.

No escaping it.

Open wide.

[empowering]

Touch your toes baby....  hmmm yeah..there we go

[cmacwiz]

I remember when I first landed on this thread, not knowing about anything! It was during Gox turmoil, I was looking to get in as the whole thing was going down in flames . People were nervous back then and little did they know, a multiyear bear market was going to set in and crush the hopes of many feeble internet wizards.

And now I see a poem of a personified bull, and it's eager bull penis ready to fuck the world!

[d_eddie]

Touch your toes baby....  hmmm yeah..there we go

How RUDE! 

[empowering]

I remember when I first landed on this thread, not knowing about anything! It was during Gox turmoil, I was looking to get in as the whole thing was going down in flames . People were nervous back then and little did they know, a multiyear bear market was going to set in and crush the hopes of many feeble internet wizards.

And now I see a poem of a personified bull, and it's eager bull penis ready to fuck the world!

What happened between MtGox and now ??

If you are calling for a repeat ...

I HEAR YEE!

(do some maths and come back to me with figures)

(thanks)

(love you)

[empowering]

(ps feel free to come and bite me come 2021)

(love you more)

[empowering]

(Now you  have to bend over even more)

(yeah ......now I FEEL you)

[RoomBot]

well..here come da  FUD


https://www.wsj.com/articles/china-to-shut-bitcoin-exchanges-sources-1505100862



https://www.bloomberg.com/news/articles/2017-09-11/china-is-said-to-ban-bitcoin-exchanges-while-allowing-otc-trades-j7fofh20


edit: added

http://www.theaustralian.com.au/business/technology/china-to-shut-bitcoin-exchanges/news-story/9fb246d410e0ac04baee34d441afc72c

So what??

"LIFE BITCOIN always finds a way!~"

[JayJuanGee]

(Now you  have to bend over even more)

(yeah ......now I FEEL you)

Ultimately, you are correct, Empowering.

Bitcoin does not give a ratt's ass about China, even though China has gotten a lot of hype through the years, but a lot of time, that hype momentum is merely an opportunity for the BTC market to make various corrections that likely were going to take place anyhow, but perhaps those various corrections were exacerbated a bit by chinamen forces, FUD, hype, MtGox, etc, etc,

In the end, bitcoin does not give a shit about the chinamen, and we should recognize this dynamic by how a lot of chinamen got left out (and possibly screwed a bit) in late 2016 early 2017  - when BTC prices were rising exponetially and experiencing considerable amount of volatility, but their exchanges were stagnated with 15% or more lower prices and lack of liquidity and trade volume that was imposed by the interventions of their wise overlords...

So yeah, maybe there was some expectations that the chinese actions in late 2016 early 2017 was going to keep bitcoin stagnant and keep the price down and lessen some bitcoin volatility, but honey badger bitcoin did not give a shit  about the hype of the chinamen... same could be true today, if the china overlords try to stifle some of the avenues of their countrymen from participating in this currently dynamic and growing bitcoin market, then they might be left out (and screwed) again.

[ragnar0k]

Well they should be because it has a big hard cock.

The bitcoin erection at the moment needs some blue pills mate XD