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

[Kazimir]

GODDAMN why does this always happen when I have no money on the exchange so I can jump in

[rpietila]

Bitstamp under $1000 now. Lame

Hardly. Good chance to nab another couple coins.

Looks like China's ticker is still bleeding red

Bitcoinity for china is  lagging, actual bottom 4750, now 4900 ($803)

[Vycid]

140,000 BTC dumped inside 15 minutes.   I am impressed that it's only down this much.

140k?! Are you serious?

Damn Bitcoin, you scary.

[MicroFi]

I'm a bit surprised by the weight of the reaction, to be honest.
As I know I can't act fast enough in these kind of situations, I'm just going to hold. Hope Gox doesn't go below $1000.

[Nagan]

well, it seems its going into uncharted teritory
http://www.pbc.gov.cn/publish/goutongjiaoliu/524/2013/20131205153156832222251/20131205153156832222251_.html

LOL Google translate:
""Notice" clearly the nature of Bitcoin that Bitcoin is not issued by the monetary authorities, such as not having sex with mandatory legal tender currency property, not the true meaning of money."

[Vycid]

As I know I can't act fast enough in these kind of situations

Wiser than most.

[Nemo1024]

This is getting ugly!!! My last buying trade yesterday was 1147 on Bitstamp. Should have kept all in fiat!

Sold now at 970 and waiting for the bottom.

[seanneko]

Talk about overreacting. Wake me up when people calm down and realise that this isn't even particularly bad news and we're back at the ATH.

[pdawg]

someone got there 650 BTC order filled @1050  

[mb300sd]

I smell bacon.....

[mmitech]

I cant wait to see the reaction of people who sold now when the price recover

[Voodah]

I don't even understand why this is taken as bad news, its just neutral. Banks can't trade in bitcoins or take out insurance against them, hardly surprising. Individuals can do what they want but they accept the risk.

This is no change to how the rest of the world is working with Bitcoins. I'm surprised if any Chinese banks have invested in Bitcoins heavily anyway.

I think the catch is that China will now become even more of a USD black hole.

People with big positions in China are probably on "RECALCULATING..." mode.

[ChartBuddy]

[Bitcoines]

[Spaceman_Spiff]

Some chump change got released from loan, so I got to buy at $920 on finex, looking like a good deal so far.

[Vycid]

Well.

An outright ban in a major country will be ugly, we know that now.

Anything else and we're fine.

[conspirosphere.tk]

huge btc dump (10K+) ongoing from a couple of minutes crashing the price (to 860 on bitstamp). now first green line back up to $1000

[pdawg]

Can't wait to see what the dead cat bounce does 

[Voodah]

The last candle on China has the biggest volume of them all and keeps growing.

Idk if this is over yet.

[electronistul]

So... how much did you lose on panic selling this time ?
(I went cold storage last week so I coulnd't do anything but I thought I'd just ask.)