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

[johnblaze]

another day another dead bear, this is wonderfull

dead bear?

the market is down $100 from the last day

[freethink2013]

seems like everyone but china is panicking about the news out of china

Isn't it night time there right now?

seems like everyone but china is panicking about the news out of china

Isn't it night time there right now?

almost 5am yep. They seemed to drop then consolidate before bedtime though. They are the only exchange over 900

[Ivanhoe]

seems like everyone but china is panicking about the news out of china

Media scared noobs with headlines like this: http://www.rtlnieuws.nl/economie/home/waarde-bitcoin-daalt-na-verbod-china "bitcoin loses value after China ban". Lot's of noobs bought BTC last weeks and they are now panicking. If you know how many phone calls I received this week with questions like: "What is a wallet? ", "I don't have a computer, can i buy bitcoins?". Good news for the big boys however who are still waiting on the sideline picking a good entry point.

[freethink2013]

another day another dead bear, this is wonderfull

dead bear?

the market is down $100 from the last day

down from a previous ath. this is just a correction and probably wouldn't even have happened if it wasn't for china.

What was the price two weeks ago? 850 is cheap coins despite all the 'bad' news

[crazy_rabbit]

another day another dead bear, this is wonderfull

The day is still young, foolish bull.

In this case, I agree. I've put 25% of my BTC in FIAT and placed my bids accordingly, and I'm in the "buy and hold" camp. It looks (I might be wrong) like a surefire opportunity for profit. This will not be an optimistic weekend.

[molecular]

Guys, just a question, I haven't been following the news...

Was there a second bad news item from China or are we still talking about the one about 45 hours ago?

[adamstgBit]

another day another dead bear, this is wonderfull

dead bear?

the market is down $100 from the last day

100 whole dollars damn, how will we ever recover from such a crushing blow.

[maz]

seems like everyone but china is panicking about the news out of china

Media scared noobs with headlines like this: http://www.rtlnieuws.nl/economie/home/waarde-bitcoin-daalt-na-verbod-china "bitcoin loses value after China ban". Lot's of noobs bought BTC last weeks and they are now panicking. If you know how many phone calls I received this week with questions like: "What is a wallet? ", "I don't have a computer, can i buy bitcoins?". Good news for the big boys however who are still waiting on the sideline picking a good entry point.

Yes because your 3 friends are going to take us to the next ATH and compensate for China's game changing stance on Bitcoin. Please do help them to get their wallets up and running ASAP.

[freethink2013]

another day another dead bear, this is wonderfull

The day is still young, foolish bull.

In this case, I agree. I've put 25% of my BTC in FIAT and placed my bids accordingly, and I'm in the "buy and hold" camp. It looks (I might be wrong) like a surefire opportunity for profit. This will not be an optimistic weekend.

I tried to do the same but I was too late. Deffo an opportunity to get more coin this w/e

[adamstgBit]

Guys, just a question, I haven't been following the news...

Was there a second bad news item from China or are we still talking about the one about 45 hours ago?

good question

idk,
but a second drop painting a higher low was expected.
Americans went nuts, not sure why.... but china is still leading the way so who cares.

[Ivanhoe]

seems like everyone but china is panicking about the news out of china

Media scared noobs with headlines like this: http://www.rtlnieuws.nl/economie/home/waarde-bitcoin-daalt-na-verbod-china "bitcoin loses value after China ban". Lot's of noobs bought BTC last weeks and they are now panicking. If you know how many phone calls I received this week with questions like: "What is a wallet? ", "I don't have a computer, can i buy bitcoins?". Good news for the big boys however who are still waiting on the sideline picking a good entry point.

Yes because your 3 friends are going to take us to the next ATH and compensate for China's game changing stance on Bitcoin. Please do help them to get their wallets up and running ASAP.

3? Lol and i prefer to call them customers.

[QuestionAuthority]

Guys, just a question, I haven't been following the news...

Was there a second bad news item from China or are we still talking about the one about 45 hours ago?

45 hours seems like an eternity here doesn't it?

[tarmi]

Guys, just a question, I haven't been following the news...

Was there a second bad news item from China or are we still talking about the one about 45 hours ago?

well, for me at least, the second bad news was the fact that baidu collected 1.8 btc for its services before banning it.

[kurious]

Not sure if this was alresdy posted - but it might cheer anyone who has been reading the last few pages

http://news.cnet.com/8301-1023_3-57614720-93/bank-of-america-deems-bitcoin-the-next-big-thing/

[maz]

Guys, just a question, I haven't been following the news...

Was there a second bad news item from China or are we still talking about the one about 45 hours ago?

Not to stir up the China news again, but for those who attempted to flip off the news as bullish, I fear that may have been a bit optimistic.

From yomofo's post on reddit/bitcoin

China Telecom page from last week. (note the btc logo) http://bitcoinexaminer.org/wp-content/uploads/2013/11/sdgfgh.jpg

China Telecom page from today. (note the btc logo is now gone) http://js.189.cn/w2014


And also Baidu are no longer accepting bitcoin by the looks of it, whom where arguably the start of this Chinese rally.

Although the government statement did not specifically ban companys from utilizing bitcoin, the Chinese people and company CEO's have become very adept at reading between the lines of what their government say.

Still bullish?

http://jiasule.baidu.com/news/52a18454bf9efd290bfdcc69/

Dear acceleration music users:

Due to the recent fluctuations in the price of Bitcoin larger unable to protect the interests of users, in response to the risk of state-controlled bitcoin spirit Baidu music accelerate decision to suspend with immediate effect from accepting bitcoin buy accelerate music services.


Baidu acceleration music


Ignore the music part, thats bad translation

[adamstgBit]

Not sure if this was alresdy posted - but it might cheer anyone who has been reading the last few pages

http://news.cnet.com/8301-1023_3-57614720-93/bank-of-america-deems-bitcoin-the-next-big-thing/

good news for america
bad news for china

america drops the ball
china picks it up

its soo WEIRD

[pera]

Not sure if this was alresdy posted - but it might cheer anyone who has been reading the last few pages

http://news.cnet.com/8301-1023_3-57614720-93/bank-of-america-deems-bitcoin-the-next-big-thing/

good news for america
bad news for china

america drops the ball
china picks it up

its soo WEIRD

what good news? BoA?

[molecular]

Ok, I think we're bottoming (head and sholders bottom or something).

Soon those who are still waiting for even lower prices will realize they wont happen. It's over. They'll jump back in and in no time we'll be posting pics of trains

[keewee]

Guys, just a question, I haven't been following the news...

Was there a second bad news item from China or are we still talking about the one about 45 hours ago?

Probably this. Baidu no longer accepting Bitcoin payments...

[manfred]

Gox leaking market share every day. The last days of an era.

bitstamp     31.010%   45152.250   0.850 USD
mtgox*   30.000%   43688.600   0.871 USD
btce           29.750%   43320.360   0.880 USD

Seems that data is lagging too. Mtgox is less than halve of BTC-e bitcoin volume plus over 1 million litecoins as well
http://www.cryptocoincharts.info/v2/markets/info/