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

[Drabla]

Let's see how long that 1700 BTC Wall on Gox holds (@650)

[1714034971]

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[1714034971]

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[UnDerDoG81]

BTC-E really sucks so bad, will never trade there again. Gox goes down and BTC-E goes up lol... Only moved my coins to BTC-E to sell and buy LTC but am not so sure about this anymore...

[Bitcoines]

http://motherboard.vice.com/blog/whos-afraid-of-bitcoin-these-countries

[nanobrain]

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.

I was with you up until the last sentence, Honey Badger, why the antipathy towards China?

[pera]

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.

really? is this how you say "thank you china"? if they hadn't panic bought a few weeks ago the price wouldn't even be above 300 right now

[windjc]

Now, if we can get the price down to $307 I can put my fiat back in and almost double my total BTC without ever touching 60% of them ever.

So, if you don't mind guys, since it seems you're going in that direction anyway, perhaps you can give me a ride down to $307

Cheers!

[Syke]

It's so nice to be trading without goxlag!

[seriouscoin]

http://www.nationmultimedia.com/opinion/Bitcoin-in-China-30222160.html

CEO of Bangkok Bank says users and businesses are allowed to use bitcoin.

[windjc]

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.

I was with you up until the last sentence, Honey Badger, why the antipathy towards China?

I was never quite confident that China had any real long term future with bitcoin. And I would rather, in an ideal world, have bitcoin be driven by people in countries that have more freedoms, because from a PR standpoint it makes bitcoin appear more solid as well.

[BitThink]

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?

Deposit and withdraw fiat will become very difficult without support from large 3rd party payment services.

[seriouscoin]

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.

really? is this how you say "thank you china"? if they hadn't panic bought a few weeks ago the price wouldn't even be above 300 right now

NO idiot, thats your opinion... and there is no fact backing it up.

China is notorious for market manipulation. Go live there and see stocks market for yourself.

The whole largest volume exchange is more likely to be rigged.

[pera]

http://www.nationmultimedia.com/opinion/Bitcoin-in-China-30222160.html

CEO of Bangkok Bank says users and businesses are allowed to use bitcoin.

didn't Thailand ban Bitcoin a while a go?

[gandhibt]

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.

I was with you up until the last sentence, Honey Badger, why the antipathy towards China?

I was never quite confident that China had any real long term future with bitcoin. And I would rather, in an ideal world, have bitcoin be driven by people in countries that have more freedoms, because from a PR standpoint it makes bitcoin appear more solid as well.

BS. Let China be China and stop crying. Lets see what happens. Bitcoin will win at the end OFC.

[seriouscoin]

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.

I was with you up until the last sentence, Honey Badger, why the antipathy towards China?

I was never quite confident that China had any real long term future with bitcoin. And I would rather, in an ideal world, have bitcoin be driven by people in countries that have more freedoms, because from a PR standpoint it makes bitcoin appear more solid as well.

+1

Some of these Westerners are just clueless of how controlling the CCCP is.

[ChartBuddy]

[BitThink]

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.

I don't think so. Bobby Lee has promised in public that the 0 trading fee is permanent. I don't think they will eat their words just for some trading fee, especially just after they got VC. It has to be something big happened forced them to change policy without a prior notice.

[seriouscoin]

http://www.nationmultimedia.com/opinion/Bitcoin-in-China-30222160.html

CEO of Bangkok Bank says users and businesses are allowed to use bitcoin.

didn't Thailand ban Bitcoin a while a go?

No.... they didnt "ban" Bitcoin....

Gee where did you get that from? Their banks just refused to deal with bitcoin related business.

[TheoryOfBitcoin]

how low will bitcoin go ((

[adamstgBit]

how low will bitcoin go ((

good question!

time for a new poll....

[BitThink]

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=373667.0

So that's what is going on.

Thanks.

That thread was out of date. It has been confirmed 3rd party payment services cannot be involved in any BTC exchanges in China. BTCChina has to rely on the banks, and who knows how supportive banks could be.