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

[ArticMine]

http://imgur.com/jgwRMJo

This rally is being led by CHINA... Forget US exchanges.  The rules have now changed. Bitcoin will see a paradigm shift as China leads for the next few months since US regulators are creating a pain in the ass for US exchanges.

Only when we see $250 (my guess is by december), and the media starts talking about Bitcoin reaching new highs again, will US regulators capitulate and finally make it easy for americans to buy BTC.

Once we hit $1,000 -- average americans will be calling their investment advisors asking how to invest in bitcoin.  Wall street will pile in.

The move from $1,000 to $100,000 will happen faster then $10 to $1,000

I would watch the psychological 1000 CNY level on the Chinese exchanges. http://btckan.com/price

[bitcoin carpenter]

if china sees BTC as a way to transfer currency with little gov't scrutiny Or control we will may see the moon Sooner then I thought
and it looks to me like it is the ask depth in CNY that is pulling the us exchanges up.. time to think like a bull

[bobdude17]

Beijing is just waking up now...

[samson]

if china sees BTC as a way to transfer currency with little gov't scrutiny Or control we will may see the moon Sooner then I thought
and it looks to me like it is the ask depth in CNY that is pulling the us exchanges up.. time to think like a bull

I do wonder how much money is paid in bribes in China each month and if Bitcoin could be used as a way to get around the Chinese government attempts to crack down on corruption.

[joesmoe2012]

How hard is it to send money from china to the USA or EU?

[Nemesis]

How hard is it to send money from china to the USA or EU?

very easy i heard.

They have too much USD.

[TERA]

Bidsum up to 13.33M. I wonder if people are actually depositing on gox now or if this is money that was on the sidelines.

[derpinheimer]

Bidsum up to 13.33M. I wonder if people are actually depositing on gox now or if this is money that was on the sidelines.

Would have to be pretty dumb to deposit on Gox.

[Spaceman_Spiff]

Bidsum up to 13.33M. I wonder if people are actually depositing on gox now or if this is money that was on the sidelines.

Would have to be pretty dumb to deposit on Gox.

Press articles still refer to Gox.  Not everybody roams the bitcointalk boards.  Plus, even some people of the people here actually seem to prefer it.

[romerun]

[NamelessOne]

It has been a great day so far! I've been busy moving into a new place but it has been exciting looking at my android tickers and browsing the forums, hehe. I'm hoping the September high will soon be demolished, it has been damn boring.

[justusranvier]

LOL, if it gets to $180 any time soon I suspect it will 'do a 180' 

You might like this: http://www.youtube.com/watch?v=A7TuFy0fcuw

[derpinheimer]

Any last words, $150?

[lucas.sev]

pullback to 144 any moment I suppose

[Erdogan]

This is the effect of the cctv program months ago.

[BitcoinAshley]

This is the effect of the cctv program months ago.

Looking at China volume you have yourself a legitimate suggestion there.

But if you had said that months ago on these boards you'd have been laughed at 

"Bah humbug, all news is bad news, this won't have any effect, everyone in China who matters already knows about it."

[NamelessOne]

Let it begin! 148.50 was smashed, that was the September high at the beginning of the month before the bastard huge triangle began. Onward to 150! 

[el_rlee]

How hard is it to send money from china to the USA or EU?

very easy i heard.

They have too much USD.

Hard.
CNY is not a freely convertible currency.

[derpinheimer]

Let it begin! 148.50 was smashed, that was the September high at the beginning of the month before the bastard huge triangle began. Onward to 150! 

Didnt the megawhale take the price to like 148.94? Or around there?

[NamelessOne]

If I recall correctly it was 148.50, if I'm mistaken then so be it, haha.

EDIT: looking at the charts it appears it was 148.50.