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

[nanobrain]

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.

Fair enough but it could also be the driver for change in places like China...teh link someone posted above
http://motherboard.vice.com/blog/whos-afraid-of-bitcoin-these-countries
is quite interesting because countries whihc are most 'liberal' (although I do hate these labels which have come to mean little) are treating BTC cautiously.  I think BTC has become a geo-political football and we should defer from supporting any of the 'teams'.

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[UnDerDoG81]

Seriously, who else already bought a lot of stuff (maybe only in his imagination) because he was so sure and was big in +?  As I had made a + of $10k (wich is $0 now) I bought stuff for about 2000$. Meh whatever... We only live once...

[EasyQuest]

woo got the first vote. I say around 550 just below the other low we were at few days ago.

[BitThink]

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.

For BTC price to rise, you need capital. You know where the capital is.

[humanitee]

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.

For BTC price to rise, you need capital. You know where the capital is.

Washington DC! Thanks college!

[BitThink]

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

^ this.

[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?

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.

Of course Bitcoin's for everyone but not them, they're not 'our kind of people'

Wow, seriouscoin...you are still out to abuse people..."some of these Westerners"...what an arrogant and disrespectful thing to say.  You were dishing out abuse to Voodoo last night about the same thing.  FYI I used to live in China.  Welcome to my ignore list.

[BitAddict]

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.

BTC not illegal in Thailand, you just got trolled by the media... lol

Why someone is asking this everyday? 

[adamstgBit]

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.

For BTC price to rise, you need capital. You know where the capital is.

dude this is 2013 going on 2014 "capital" is EVERYWHERE

[Krabby]

The question is, how long will it take to jump back up.
Something tells me it is not going to be a few days.

[dgarcia]

how low will bitcoin go ((

good question!

time for a new poll....

It will stop just in the moment all available (Panic-)Coins in China are bought by our wales. I think we will encounter in the area between 500,00$ - 400,00$.

I hope so...

[explorer]

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.

BTC not illegal in Thailand, you just got trolled by the media... lol

Why someone is asking this everyday? 

just about every media source in the world said it was.... cuz some dumbass troll on the forum said it was true yet had no proof.




This should be the new poll.

Do you think BTC is illegal in Thailand.

1 YES
2 NO
3 Goat is a troll

Pick two...of the three

[adamstgBit]

how low will bitcoin go ((

good question!

time for a new poll....

It will stop just in the moment all available (Panic-)Coins in China are bought by our wales. I think we will encounter in the area between 500,00$ - 400,00$.

I hope so...

the market is everyone, stop thinking some whale will save you


that kinda of thinking will have you go ALL IN at 1200$

[sedric398]

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.

BTC not illegal in Thailand, you just got trolled by the media... lol

Why someone is asking this everyday? 

just about every media source in the world said it was.... cuz some dumbass troll on the forum said it was true yet had no proof.




This should be the new poll.

Do you think BTC is illegal in Thailand.

1 YES
2 NO
3 Goat is a troll

That article has nothing to do with Thailand, Bangkok bank is present in the chinese market and the CEO expressed his opinion on the current situation.

[explorer]

that kinda of thinking will have you go ALL IN at 1200$

 how long until that is wishful thinking?

[Bitcoines]

http://sustainablebusinessoregon.com/national/2013/12/bitcoins-carbon-footprint-a-clear.html

http://www.wantchinatimes.com/news-subclass-cnt.aspx?id=20131216000009&cid=1102

[dgarcia]

how low will bitcoin go ((

good question!

time for a new poll....

It will stop just in the moment all available (Panic-)Coins in China are bought by our wales. I think we will encounter in the area between 500,00$ - 400,00$.

I hope so...

the market is everyone, stop thinking some whale will save you


that kinda of thinking will have you go ALL IN at 1200$

No. I don't think so. You can call it whales, big players, investors or how you like it. There is nobody who will save me or you. They are interested in their own business, nothing more.

Or you seriously thinking that this kind of strong holding the price is caused by thousands of casual Bitcoin-Users with an average wallet amount of 5 BTC?

[seriouscoin]

2000btc to $800..... wow awsome


I used to spend that amount for few mining rigs  

[explorer]

http://sustainablebusinessoregon.com/national/2013/12/bitcoins-carbon-footprint-a-clear.html

http://www.wantchinatimes.com/news-subclass-cnt.aspx?id=20131216000009&cid=1102

of course, no mention of what it REPLACES.  Besides, their numbers are so last month

[seriouscoin]

how low will bitcoin go ((

good question!

time for a new poll....

It will stop just in the moment all available (Panic-)Coins in China are bought by our wales. I think we will encounter in the area between 500,00$ - 400,00$.

I hope so...

the market is everyone, stop thinking some whale will save you


that kinda of thinking will have you go ALL IN at 1200$

No. I don't think so. You can call it whale, big players, investors or how you like.

Or you seriously thinking that this kind of strong holding the price is caused by thousands of casual Bitcoin-Users with an average wallet amount of 5 BTC?

Yes deep pockets are buying because they're vastly investing in business building on btc platform. Ppl will know soon who they are and the noobs will come here with a post like " This is not decentralized yo.... 900 ppl hold 60% of btc.... yo "