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

[freet0pian]

Why do you guys so vehemently commit to buy and hold, only to blow it when it's at the very bottom and sell?

Not all of us do that    When I say I'm holding, I'm holding.  I'm not dumb enough (nor good enough) to attempt to sell at the top and buy at the bottom, it's a fools game.

No it's a fool's game to think it's a fool's game. Myself and many others continue to increase our BTC holdings with your "fool's game".

Most speculators lose money.

Yeah, so far I haven't ended up with most of them. Then again I play it safe.

[1714987807]

1714987807

[tarmi]

I bet that those walls at bitstamp at 650 are fake.

when or after they are pulled out, we will have our catharsis.

I think 6-650 will be another resistance level and we will see a small bounce from there... followed by further capitulation... mostly  

no bounce if walls are pulled. just a lot of suckers that are out of cash because buying at 700 levels.

and then - grand finale.

[HairyMaclairy]

C'mon Mt Gox break into 600s.  You know you can do it. 

[windjc]

http://finance.ifeng.com/a/20131217/11286572_0.shtml

Bitcoin party payment channels close or exit the Chinese marketAt 03:51 on December 17, 2013
Source: Daily News

Strengthen the central bank once again shot bitcoin supervision.

Microblogging spread a message yesterday (December 16), said the central bank has interviewed the bank, Paypal, money paid through other relevant person in charge, explicitly require banks, payment institutions can not give bitcoins, Wright currency (a kind provided based on the "peer" technology networks currency) trading sites such as payment and settlement services; institutional business for payment has occurred, should be lifted business cooperation; For stock funds withdrawal to be completed before the Spring Festival, the new payment services shall not occur.

This message, the "Daily Economic News" reporter contacted Paypal, money paid through other third-party payment agencies and has been confirmed. Market analysts believe that the regulatory punch shot this in mind, it may cause massive Bitcoin trading halt, bitcoin future possibility exists exit the Chinese market.

Reporters from Alipay stakeholders informed that the company has indeed communicate with the central bank, and have closed the transaction window. Paypal pointed out that currently appear on the Bitcoin trading site Paypal interface are all individual transactions between accounts, pay the company has nothing to do with, but also to remind the majority of users pay attention to risk.

In addition, yesterday, TenPay stakeholders also confirmed the news to reporters. Players Bitcoin trading site also told reporters, "Today, when mention is found to be paid through an account with a fortune."

Reporters learned that the interview content is mainly required to pay agency can not provide payment and settlement services to Bitcoin, Wright currency and other trading sites, payment institutions business has occurred should be lifted business cooperation.

Earlier, the People's Bank of China and other five departments issued "on guard against the risk of Bitcoin notice" clearly requires all financial institutions and payment institutions may not engage in bitcoin-related businesses. Meanwhile, financial institutions and payment institutions may not bitcoin for a product or service pricing, may not be sold or traded as a central counterparty bitcoin not covered with bitcoin-related insurance business or insurance coverage into bitcoin shall not directly or indirectly providing customers with bitcoin other related services.

Bitcoin currency network trading platform fire ticker, 0:00 yesterday, Bitcoin transaction price is 5370 yuan / month; as of 20:20, transaction prices fell to 4,720 yuan / month, fell more than 11%.

Financial analysts believe that this is the state of bitcoin measures to strengthen the supervision of another one, and had "a bit on guard against currency risk notification" form "combined."


A Chengdu Bitcoin players told reporters bluntly: "The regulatory hand or China Bitcoin transaction causing a fatal blow." According to him, at present China Bitcoin transactions are mainly in two forms, one is the third-party payment, such as Paypal, money paid through other platforms; another bank. "Yesterday began, third-party payment channels can not be used, so, it is estimated the bank stopped is a matter."

"For the miners, the mining revenue has continued to decline." Yesterday, the players in some bitcoin transaction the group, the topic of ongoing discussion. Some of the main group, told reporters that the incident could cause a bit out of the Chinese currency trading, the player may be transferred abroad

Yeah, I imagine there are some Chinese traders freaking out. That would be normal.

I think, in the end, we will see that China markets have been neutered by these regulations, but not killed. China will no longer be a leader. They will watch and follow.

And, all in all, there could be worse things that happen to bitcoin.

[proudhon]

http://china.dwnews.com/news/2013-12-16/59357811.html

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TL;DR Translation:  Satoshi Nakamoto located and apprehended by Chinese government.  Was carrying emergency bitcoin shutoff code.  Chinese government plans to use code to shutdown bitcoin network.  Satoshi charged with criminal economic disruption.


Coindesk is getting ready to publish an article corroborating this news from internal sources.  This is the end guys.

[adamstgBit]

I bet that those bid walls at bitstamp at 650 are fake.

when or after they are pulled out, we will have our catharsis.

do let us know how the hokus pokus trading strategy works out for you

[gandhibt]

http://china.dwnews.com/news/2013-12-16/59357811.html

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TL;DR Translation:  Satoshi Nakamoto located and apprehended by Chinese government.  Was carrying emergency bitcoin shutoff code.  Chinese government plans to use code to shutdown bitcoin network.  Satoshi charged with criminal economic disruption.


Coindesk is getting ready to publish an article corroborating this news from internal sources.  This is the end guys.

THATS BAD NEWS!!! SHIT!!!

[Sitarow]

http://china.dwnews.com/news/2013-12-16/59357811.html

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TL;DR Translation:  Satoshi Nakamoto located and apprehended by Chinese government.  Was carrying emergency bitcoin shutoff code.  Chinese government plans to use code to shutdown bitcoin network.  Satoshi charged with criminal economic disruption.


Coindesk is getting ready to publish an article corroborating this news from internal sources.  This is the end guys.

[adamstgBit]

http://china.dwnews.com/news/2013-12-16/59357811.html

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M

G

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!
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TL;DR Translation:  Satoshi Nakamoto located and apprehended by Chinese government.  Was carrying emergency bitcoin shutoff code.  Chinese government plans to use code to shutdown bitcoin network.  Satoshi charged with criminal economic disruption.


Coindesk is getting ready to publish an article corroborating this news from internal sources.  This is the end guys.

wowzers

i guess i'll be buying retardedly cheap bitcoin in 3 days

[mister p]

http://china.dwnews.com/news/2013-12-16/59357811.html

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TL;DR Translation:  Satoshi Nakamoto located and apprehended by Chinese government.  Was carrying emergency bitcoin shutoff code.  Chinese government plans to use code to shutdown bitcoin network.  Satoshi charged with criminal economic disruption.


Coindesk is getting ready to publish an article corroborating this news from internal sources.  This is the end guys.

fake...?

[proudhon]

http://china.dwnews.com/news/2013-12-16/59357811.html

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TL;DR Translation:  Satoshi Nakamoto located and apprehended by Chinese government.  Was carrying emergency bitcoin shutoff code.  Chinese government plans to use code to shutdown bitcoin network.  Satoshi charged with criminal economic disruption.


Coindesk is getting ready to publish an article corroborating this news from internal sources.  This is the end guys.

THATS BAD NEWS!!! SHIT!!!

If you don't read Chinese, click the link.  You'll see some Chinese writing.  Also, I mentioned "sources".  This is undeniable.  Tell your friends.  Sell your bitcoins.

[jojo69]

but, satoshi is a white guy from Seattle

https://likeinamirror.wordpress.com/2013/12/01/satoshi-nakamoto-is-probably-nick-szabo/

[gizmoh]

After all these insults against bears...

Bear Parade once 500 broken? 

Back to earth bulls!!!!

So its pretty obvious you are hoping the bottom falls out of the bitcoin price. Where do you realistically want to buy back in. I mean the ironic thing about you bears is that you want back into the very thing you are trying to bash.

Train is coming back to the station for bears   
The chart been screaming down for a week..and china bad news is really bad and will take time to be fully digested, as yuan stops fueling this rocket.. 
Now is not the time to go long.. Await final capitulation..

[meanig]

Have a feeling Bobby Lee is going to announce that bank wires in and out will continue to work.

[byronbb]

http://china.dwnews.com/news/2013-12-16/59357811.html

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TL;DR Translation:  Satoshi Nakamoto located and apprehended by Chinese government.  Was carrying emergency bitcoin shutoff code.  Chinese government plans to use code to shutdown bitcoin network.  Satoshi charged with criminal economic disruption.


Coindesk is getting ready to publish an article corroborating this news from internal sources.  This is the end guys.

THATS BAD NEWS!!! SHIT!!!

If you don't read Chinese, click the link.  You'll see some Chinese writing.  Also, I mentioned "sources".  This is undeniable.  Tell your friends.  Sell your bitcoins.

Burn the Troll.

[proudhon]

http://china.dwnews.com/news/2013-12-16/59357811.html

O

M

G

!
!
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TL;DR Translation:  Satoshi Nakamoto located and apprehended by Chinese government.  Was carrying emergency bitcoin shutoff code.  Chinese government plans to use code to shutdown bitcoin network.  Satoshi charged with criminal economic disruption.


Coindesk is getting ready to publish an article corroborating this news from internal sources.  This is the end guys.

fake...?

(1) I checked the sources.
(2) The sources are true.
(3) This is bad.
(4)  Lists.
(5)  Proof

[gandhibt]

http://china.dwnews.com/news/2013-12-16/59357811.html

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M

G

!
!
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TL;DR Translation:  Satoshi Nakamoto located and apprehended by Chinese government.  Was carrying emergency bitcoin shutoff code.  Chinese government plans to use code to shutdown bitcoin network.  Satoshi charged with criminal economic disruption.


Coindesk is getting ready to publish an article corroborating this news from internal sources.  This is the end guys.

THATS BAD NEWS!!! SHIT!!!

If you don't read Chinese, click the link.  You'll see some Chinese writing.  Also, I mentioned "sources".  This is undeniable.  Tell your friends.  Sell your bitcoins.

thanks, just sold all

[windjc]

Have a feeling Bobby Lee is going to announce that bank wires in and out will continue to work.

If Bobby didnt see this coming, then he is a moron. I assume he factored all this in when he started the exchange and raised the additional $5 million in capital recently.

[KFR]

http://china.dwnews.com/news/2013-12-16/59357811.html

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M

G

!
!
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TL;DR Translation:  Satoshi Nakamoto located and apprehended by Chinese government.  Was carrying emergency bitcoin shutoff code.  Chinese government plans to use code to shutdown bitcoin network.  Satoshi charged with criminal economic disruption.


Coindesk is getting ready to publish an article corroborating this news from internal sources.  This is the end guys.

What next?  Rickrolls?  

Real Google translation of the linked story:

Shanxi Luliang had 70,000,000 richest man on the verge of bankruptcy daughters married
Big in small 2013-12-16 12:09:11 forwarded Twitter Facebook Print contributor Newsletters
[News] multidimensional Luliang, Shanxi coal bosses richest man is Libin had "70 million daughters married," a sensation, but recently, he was broke liabilities of 20 billion Libin brink of bankruptcy, its legendary bubble finally burst.
The 46-year-old Luliang City of Shanxi Liulin Libin is leaving town reputation who is currently the Chairman of the Board of Directors of Shanxi Liansheng Group. In 2011 Forbes China rich list, with 4.48 billion yuan in personal wealth ranked No. 244. 2012 but had denounced Rmb70m heavily (1 U.S. dollar equals 6.1 yuan) is the daughter of lavish marriage and "cabbage price" to buy the mine incident caused concern.
Xing Libin Liansheng Group is the largest private enterprises in Liulin County, Shanxi is also the largest private coal company, under the jurisdiction of Shanxi Liansheng Energy Limited and its holding of a number of investment companies under the number of coal mining enterprises, equity holding mine 38 a total capacity of nearly 4,000 tons.
According to " Money Weekly "reported on December 16, November 29, Liulin County, Shanxi Province People's Court held a news conference to announce the acceptance of Shanxi Liansheng Energy Limited and its companies, 12 companies under the jurisdiction of the restructuring application.
Liulin according to data released by the People's Court, the current financial position of the Group worrying Liansheng, financial liabilities of nearly 30 billion, debt settlement has basically lost the ability, and facing unpaid tax, employee pension insurance, engineering models, materials, equipment, etc. a number of financial issues. Among them, the Lend Lease Group has secured relationships with more than 10 private enterprises, the scale of credit funds owed ​​more than 20 billion.
According to earlier media reports, in order to provide over Liansheng CDB loan institutions, including country, Merchants Bank, Bank of Communications, China Merchants Bank and State Road branch in Taiyuan, Taiyuan Wuyi Road Branch of Huaxia Bank, Shenzhen Development Tianjin Binhai Branch, Willows credit unions, etc. and Beijing Trust nearly 50 billion yuan, Shanxi Trust one billion yuan, the investment trusts one billion yuan, Jilin Trust one billion yuan.
In early August of this year, Lend Lease Group fortune in Liulin County, Shanxi Coal Industry Bureau of Du Yanbin open to the media broke the news, many coal prices in the Willows, Lend Lease Group had the worst day, even bluntly, "It started from July 2011 arrears of wages, the wages currently issued only to July 2012. " In other words, Xing Libin has more than a year overdue wages.
For most people, know the Shanxi coal suppliers Xing Libin, because he was in early 2012, in Sanya, Hainan threw $ 70 million, to the daughter to do his best in a luxurious wedding. After the wedding, about coal's source of wealth, lifestyle, had set off a vigorous discussion.
But for the purposes of financial institutions, the richest man in Luliang, was already a spent force. Coal prices continue to decline, the Lend Lease Group Libin, the situation began to wage arrears. Lend Lease has a lending relationship with the Group's banks and trusts, have started to care about the solvency problem Liansheng.
By now nearly two years, has finally admitted that he Libin insolvent.
Debt ratio continued to soar
Yang Libin contracting ironworks which started in 1990, the pot of gold from the gold leasing business of Liulin coal Township Office, Xing Libin of mine made a major technical innovation, its production capacity from 100,000 at the beginning of the lease tons to the current 60 million tons.
After a series of mergers and acquisitions overwhelming to start, Xing Libin Lend Lease Group's asset size and single-handedly built the rapid expansion and jumped the richest man in the Willows, the scale of its assets are second to none in the whole of Shanxi Province.
Coke Enterprises has been claiming to build "aircraft carrier" of Lend Lease Group, the pace of expansion has never stopped. After 2002, he worked in equity, mergers and acquisitions and rental, etc., took place about half the Willows and collective coal mines.
And behind this expansion requires a series of large-scale steady stream of financial support, in concept Libin, relying on debt to make an inventory of assets leveraging funds undoubtedly is a very viable path.
Opportunities coal restructuring also allows Liansheng Group in the major financial institutions seem hot, so we see a lot of banks, credit unions name appears in the list of co-Liansheng Group.

Final straw, click ignore.

[justusranvier]

When in doubt: http://www.youtube.com/watch?v=NG1qooBzE2w