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

[Davyd05]

Question, I've seen the idea of U.S Day traders getting on to BTCChina to play with the 0% fees. 0.03% is pretty minute fee charge still but combined with an uncertain future how fast do you think we see the money flow back towards non Chinese based exchanges? If they know as a group that there could be a significant rush to do so, it may lead to many of them also wanting to buy back at the lowest prices possible before a self induced bubble of fiat flows back.

Wasn't Rp talking about having a bunch of cny in nov. ? how does he bring it back home? besides possibly  buying back btc? and moving it to a non cny exchange?

Stamp seems to be alive and chasing after GOX

[adamstgBit]

electric kool aid

tripping balls?

good good

[ChartBuddy]

[TERA]

To the moon??  

Last time I asked it was in fact not the moontrain.  

[fred1111]

We need a longer consolidation in the 700's to refuel the rocket. But hey, this is Bitcoin so what do I know.

[Davyd05]

We need a longer consolidation in the 700's to refuel the rocket. But hey, this is Bitcoin so what do I know.

I think we can all just agree to chill in the 700-900 range

[Bitcoin Machine]

Btw, does anyone knows what happened to that Chinese factory that was accepting payments in Bitcoin for building ASIC chips? (i forgot which company had that deal)

This is the only one I know of.  I've noticed how they have lowered their pricing.
http://avalon-asics.com/

I keep thinking to myself that Chinese companies have been purposefully been pumping up the price of Bitcoin so they can sell their machines for at higher rates. Just a thought.

They must be making a fortune selling Bitcoin mining technology.  

It's an entire Industry. Take a look here:
http://www.alibaba.com/asic-chip-manufacturers.html
http://www.aliexpress.com/w/wholesale-asic-miner-machine.html
http://www.alibaba.com/countrysearch/CN/asic-miner.html

I think the Chinese government want these companies to stay in business.

As long as the Chinese make money with ASIC manufacturing technology you will see Bitcoin continue to boom in China.

[adamstgBit]

bounce over?

someone hold me

[Davyd05]

bounce over?

someone hold me

BTCBTCBTC here Adam something that loves to be held.

[jojo69]

it'll be ok Adam

there there

[adamstgBit]

[mb300sd]

ITS GOING UP!┗(°0°)┛

Please hit 800 when I wake up...

[BitThink]

If you were a true believer, why not celebrate when the price goes down?

It seems most people here are just like those speculators whom they claim they hate.

[Davyd05]

ITS GOING UP!┗(°0°)┛

Please hit 800 when I wake up...

I like seeing people by 600 coins at a time.. makes me think I am not crazy lol

[Bitcoin Machine]

ITS GOING UP!┗(°0°)┛

Please hit 800 when I wake up...

I like seeing people by 600 coins at a time.. makes me think I am not crazy lol

I would like to see the day that no one can afford to buy 600 coins at a time. 

[keewee]

ITS GOING UP!┗(°0°)┛

Please hit 800 when I wake up...

I like seeing people by 600 coins at a time.. makes me think I am not crazy lol

Almost $460,000. Someone has failth  

[seleme]

Bulltrap or China news were FUD?

[NewLiberty]

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.

Places where freedom is dear, need it more.
Without need, no reason for bitcoin.
Unless the money is free, the people never can be.
Do not blame the people for the governments under which they suffer, many may be just like you in more ways than you might imagine, but less free to admit it.

[soloburrito]

If you were a true believer, why not celebrate when the price goes down?

It seems most people here are just like those speculators whom they claim they hate.

would bitcoin be as popular as it is if the price hadn't exploded?

[Davyd05]

Bulltrap or China news were FUD?

Hmm or China is getting the cold shoulder from the rest of btc holders. there still at 650, stamps even up at 730 lol cavirtex 761