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dgarcia
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December 17, 2013, 02:36:47 AM |
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Someone, or a group of someones, has decided that BTC will not go below $700 on gox.
This group or this guy is buying on any exchange if not china would be between 1000 - 2000. |
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It is a common myth that Bitcoin is ruled by a majority of miners. This is not true. Bitcoin miners "vote" on the ordering of transactions, but that's all they do. They can't vote to change the network rules.
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seleme
Legendary
 Offline
Activity: 2772
Merit: 1028
Duelbits.com
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December 17, 2013, 02:37:47 AM |
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Looks like someone made a bet with Risto OTC and defends 700  |
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nanobrain
Legendary
Offline
Activity: 1008
Merit: 1000
Dumb broad
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December 17, 2013, 02:38:08 AM |
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It may be interesting to guess why Chinese exchanges stop 0 trading fee policy.
1) grab some money before closing
2) requirement from the government
if 1, that's really bad sign. If 2, it is not so bad.
I don't think it was 2...far too precise, micro and descriptive a move for the Chinese govt. I think it was introduced to take advantage of the sell-off they knew was coming with the announcement re. money-transfers and to take some heat out of the market. I wouldn't interpret it as a sign of closing. |
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dgarcia
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December 17, 2013, 02:38:12 AM |
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Looks like someone made a bet with Risto OTC and defends 700 :-) |
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YoYa
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December 17, 2013, 02:38:38 AM |
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Someone, or a group of someones, has decided that BTC will not go below $700 on gox.
Until they get the bull trap they want.... |
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humanitee
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December 17, 2013, 02:39:30 AM |
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Someone, or a group of someones, has decided that BTC will not go below $700 on gox.
Thanks Loaded. |
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el_rlee
Legendary
Offline
Activity: 1600
Merit: 1014
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December 17, 2013, 02:40:28 AM |
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Good thing about this is that now we can concentrate on promoting and earning BTC now. Trading becomes more and more difficult. First Mt. Gox and then BTCChina. What's the next?
What's wrong with BTCChina? market has been trading on this all day. https://bitcointalk.org/index.php?topic=373667.0So that's what is going on. Thanks. |
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dgarcia
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December 17, 2013, 02:40:38 AM |
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Someone, or a group of someones, has decided that BTC will not go below $700 on gox.
Until they get the bull trap they want.... A Bulltrap with this amount of Coins in your hand is not very util. You would only damage yourself. |
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Drabla
Member
Offline
Activity: 104
Merit: 10
Pecunia non olet
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December 17, 2013, 02:41:39 AM |
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Aaaaaand the 900btc wall @700 is gone...
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seleme
Legendary
Offline
Activity: 2772
Merit: 1028
Duelbits.com
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December 17, 2013, 02:41:47 AM |
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well, they stopped defending it |
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Nolo
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December 17, 2013, 02:43:23 AM |
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Would the damn Chinese just go and not let the door hit them in the ass on the way out?
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HairyMaclairy
Legendary
Offline
Activity: 1414
Merit: 2174
Degenerate bull hatter & Bitcoin monotheist
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December 17, 2013, 02:45:38 AM |
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Woohoo 700 breached on the Gox. Here we go !
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cfrm
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December 17, 2013, 02:45:50 AM |
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Hmmm.  |
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seleme
Legendary
Offline
Activity: 2772
Merit: 1028
Duelbits.com
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December 17, 2013, 02:45:52 AM |
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Would the damn Chinese just go and not let the door hit them in the ass on the way out?
Yes please, can't wait for that. |
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seriouscoin
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December 17, 2013, 02:48:41 AM |
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Would the damn Chinese just go and not let the door hit them in the ass on the way out?
Yes please, can't wait for that. Then they will copy btc and call it CHINACOIN .... Typical of them anyway. Do you guys see how big players hold their walls on Gox? They're buying all the coins right now. Yeah.... please dont cry about bitcoin distribution EVER again.... |
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windjc
Legendary
Offline
Activity: 2156
Merit: 1070
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December 17, 2013, 02:49:32 AM |
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Well ladies and gents, this flushing is going to tell us A LOT about the state of bitcoin and where the money has come and is coming from.
We won't be able to see the full picture for months or at least weeks, but when we can see it, we will know much better about what kind of investors made up the rally in the East, which ones are long term and where future money can and can't come from there - AND maybe more importantly, we will know how much of the rally really came from the East and how much really came from the West.
And I suspect we will never have to worry about China "leading" the markets again. Which is A - O - K with me.
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adamstgBit
Legendary
Offline
Activity: 1904
Merit: 1037
Trusted Bitcoiner
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December 17, 2013, 02:49:36 AM |
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Hmmm. lmao |
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MAbtc
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December 17, 2013, 02:50:02 AM |
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Someone, or a group of someones, has decided that BTC will not go below $700 on gox.
Looks like they gave up.  |
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dgarcia
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December 17, 2013, 02:51:22 AM |
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Someone, or a group of someones, has decided that BTC will not go below $700 on gox.
Looks like they gave up. Nope. |
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seriouscoin
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December 17, 2013, 02:51:35 AM |
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Well ladies and gents, this flushing is going to tell us A LOT about the state of bitcoin and where the money has come and is coming from.
We won't be able to see the full picture for months or at least weeks, but when we can see it, we will know much better about what kind of investors made up the rally in the East, which ones are long term and where future money can and can't come from there - AND maybe more importantly, we will know how much of the rally really came from the East and how much really came from the West.
And I suspect we will never have to worry about China "leading" the markets again. Which is A - O - K with me.
Yup why would anyone think China is all pro-btc? These are the ill-informed Western who has never lived in China. |
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