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bobdude17
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October 22, 2013, 06:37:40 AM |
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Holy shit, China is just not stopping.
Not only will they not stop pushing the price up, but the walls go up immediately behind them!
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jeezy
Legendary
 Offline
Activity: 1237
Merit: 1010
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October 22, 2013, 06:38:51 AM |
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Holy shit, China is just not stopping.
Not only will they not stop pushing the price up, but the walls go up immediately behind them!
Like it always has been!  |
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thoughtfan
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October 22, 2013, 06:40:37 AM |
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I'd much rather see the price chill out and correct around here or a bit lower for a few weeks at least.
I agree. However I don't think this will happen... Looking at these rally angles on the same chart as above (but for gox over its history) every time was in different circumstances and though they may look similar there are so many different factors at play, whilst we can convince ourselves we 'know' how this is going to turn out I think we're largely kidding ourselves (pretty TA charts or not). I really don't know where this is going nor for how long other than that there appears to be a momentum up right now and I would tend to agree it's more likely to continue for the time being (with minor corrections) than not.  |
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mccoyspace
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October 22, 2013, 06:40:56 AM |
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1300 cny any second now.....
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thoughtfan
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October 22, 2013, 06:41:22 AM |
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Holy shit, China is just not stopping.
Not only will they not stop pushing the price up, but the walls go up immediately behind them!
Like it always has been! Nice thought, nice pic  |
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btcpedia
Newbie
Offline
Activity: 25
Merit: 0
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October 22, 2013, 06:41:41 AM |
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China close to 1300
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TERA
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October 22, 2013, 06:49:19 AM |
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They're not really walls... 12K btc could take out the ENTIRE order book. That dump used to happen every day on gox.
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bobdude17
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October 22, 2013, 06:52:13 AM |
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They're not really walls... 12K btc could take out the ENTIRE order book. That dump used to happen every day on gox.
Yeah, but btcchina is also one chinese exchange among many. And look at the books on Gox and Stamp... talk about being dragged along  |
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scarsbergholden
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October 22, 2013, 06:55:39 AM |
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Holy shit, China is just not stopping.
Not only will they not stop pushing the price up, but the walls go up immediately behind them!
unfortunately those walls are pretty shallow and there is very little bid support keeping this above 1000 CNY. |
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vokain
Legendary
Offline
Activity: 1834
Merit: 1019
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October 22, 2013, 06:56:09 AM |
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Holy shit, China is just not stopping.
Not only will they not stop pushing the price up, but the walls go up immediately behind them!
unfortunately those walls are pretty shallow and there is very little bid support keeping this above 1000 CNY. the point is we breached it. that means we'll pass through it with strength soon enough |
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Zangelbert Bingledack
Legendary
Offline
Activity: 1036
Merit: 1000
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October 22, 2013, 06:59:45 AM |
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They're not really walls... 12K btc could take out the ENTIRE order book. That dump used to happen every day on gox.
Yeah, but btcchina is also one chinese exchange among many. And look at the books on Gox and Stamp... talk about being dragged along Yep, "kicking and screaming" hopefully through the ATH, though a correction and break before that seems likely. |
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bobdude17
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October 22, 2013, 07:08:13 AM |
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Somebody should tell China that there's supposed to be these things called "walls" at big round numbers that "slow you down"  |
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Sword Smith
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October 22, 2013, 07:10:57 AM |
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BTCCHINA is at 215 USD/BTC now! Gox at 198, Bitstamp at 188.
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mccoyspace
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October 22, 2013, 07:12:51 AM |
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BTCCHINA is at 215 USD/BTC now! Gox at 198, Bitstamp at 188.
It's like falling into a black hole, the head just accelerates faster and faster compared to the rest of the body..... |
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Sword Smith
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October 22, 2013, 07:15:02 AM |
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BTCCHINA is at 215 USD/BTC now! Gox at 198, Bitstamp at 188.
It's like falling into a black hole, the head just accelerates faster and faster compared to the rest of the body..... The funny thing is that if you make arbitrage trades through China and some EUR or USD denominated currency, you get the extra bonnus of selling a weaker fiat currency for a stronger one since RNB is strong and the dollar and euro is weak. |
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vokain
Legendary
Offline
Activity: 1834
Merit: 1019
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October 22, 2013, 07:15:55 AM |
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BTCCHINA is at 215 USD/BTC now! Gox at 198, Bitstamp at 188.
It's like falling into a black hole, the head just accelerates faster and faster compared to the rest of the body..... What a thought |
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Phinnaeus Gage
Legendary
Offline
Activity: 1918
Merit: 1570
Bitcoin: An Idea Worth Spending
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October 22, 2013, 07:15:57 AM |
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199
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smoothie
Legendary
Offline
Activity: 2492
Merit: 1474
LEALANA Bitcoin Grim Reaper
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October 22, 2013, 07:17:09 AM |
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199
I'm from the future (30 minutes from now).... Price is $200 |
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mccoyspace
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October 22, 2013, 07:19:22 AM |
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CNY has gone up almost 2% in just the last 60 minutes or so.
it's like watching an odometer on a road trip.
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Sword Smith
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October 22, 2013, 07:20:18 AM |
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CNY has gone up almost 2% in just the last 60 minutes or so.
China is at 217 USD /BTC |
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