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

[damiano]

...
This shit is gonna be all over the news tomorrow

Lol, they're damn quick but not quick enough:
http://www.google.com/hostednews/afp/article/ALeqM5jrxoTwxpxW9ucyyZkULkwvh3UznA?docId=496c0f45-4657-41ae-b8b9-f2767d63dfa9

Lol nice find

[traderCJ]

This has nothing to do with a bubble.  The Chinese government is simply shutting down Bitcoin for all intents and purposes.  Calling this a bubble would be like saying Silk Road is a bubble or Liberty Reserve was a bubble.  They're things that once had value and no longer have value due to gov't intervention.

wow FUD should make price drop even lower

You can call it FUD, but based on what I'm reading, you cannot deposit to BTC China from a Chinese bank account.  You can, however, deposit into a Chinese bank account.  There's a reason the Chinese are dumping like no other now.  If the gov't did this, what's to stop them from barring banks from accepting deposits in the future?  It's a big shit sandwich for all of us Bitcoiners.

[Davyd05]

2100 at 600 LIKE BOOM

[keewee]

Gox under 600  

[seleme]

Fuck's sake. I go abroad for a couple days and China decides to trigger the apocalypse.

And I have no access to my stash so I can't even trade this.

Bitstamp better not break $500 or we're gonna have Risto all up in our faces acting like this announcement was foreseeable.

yeah, his math calculations saw it. 

[Searing]

A lot of bulls on here are like mad cow disease; they give newbies a distorted view of bitcoin and end up taking their money as well, and then lose it all to the master traders/ whales.

Liberal use of the ignore button and checking to take the real people of ignore works well, you get a spam of ignored posts before dumps.

Very cool-- I hadn't really imagined there would be so many straw dummy FUD accounts.

Its sometimes hard to keep up with the new sockpuppets but its better than suffering.

Good idea. It's been harder and harder to wade through this forum.

FYI BTCChina has TEMPORARILY suspended fiat deposits. Key word temporarily.

Sell if you think it's going lower and want to take the risk, but don't let fear take hold. It leads to the Dark Side.

Silly noob that I am with my 31.5 coins mining with a knc Jupiter since oct 18th when btc was 150 or so....with 2 knc neptunes on order (20k plus) well...gonna ride it out and probably keep the neptunes (could get a refund I guess..but what the heck it is only $$$ sob)...anyway either I'm in front and leading the ass or I'm at the rear looking at the ass ..it is definitely one camp or another I guess no inbetween I guess I'll find out the middle of next year which end of he ass I'm at! (damn I got big ones for a noob....gonna go in a corner and curl up around pillow and whimper a bit now on my "paper wealth" loss ...so fleeting!

Searing

[traderCJ]

This has nothing to do with a bubble.  The Chinese government is simply shutting down Bitcoin for all intents and purposes.  Calling this a bubble would be like saying Silk Road was a bubble or Liberty Reserve was a bubble.  They're things that once had value and no longer have value due to gov't intervention.

This year was a huge bubble...
There was no correlation between price and increase in transactions.
It was pure speculation. If you don't see that, stop trading  

Buy and holders (bought @ 10-15$) will be ok, but buyers @ above 1000$ will get punched in the face.

There's no such thing as a bubble.  Only a rapid change in speculated value.  "Bubble" implies that there is a nominal value (no bubble -> bubble -> no bubble after the pop).  What caused this is gov't intervention.  By your argument, anything that can be made illegal is a bubble.

[damiano]

Gox@600

[600watt]

This has nothing to do with a bubble.  The Chinese government is simply shutting down Bitcoin for all intents and purposes.  Calling this a bubble would be like saying Silk Road was a bubble or Liberty Reserve was a bubble.  They're things that once had value and no longer have value due to gov't intervention.

This year was a huge bubble...
There was no correlation between price and increase in transactions.
It was pure speculation. If you don't see that, stop trading  

Buy and holders (bought @ 10-15$) will be ok, but buyers @ above 1000$ will get punched in the face.

you are right, they will be punched.

but they just have to wait for the next climb. april 260 buyers were laughed at during the summer. they didn´t look to bad in november. actually they still look ok. wouldn´t we like to buy back at 260 now  

[Vycid]

This has nothing to do with a bubble.  The Chinese government is simply shutting down Bitcoin for all intents and purposes.  Calling this a bubble would be like saying Silk Road is a bubble or Liberty Reserve was a bubble.  They're things that once had value and no longer have value due to gov't intervention.

Agreed! The rest of the world doesn't exist!!   

Of course it does,  but most of the value added in the past couple months was due to China. It is totally unreasonable to call this a bubble if the government actually destroyed that value.

[BC-Trader]

without the chinese BTC goes back to $100-150 and stays in that range, probably will overshoot it a bit at the low which will be a buying point.....


long gone are the speculative ramps, I remember the Chinese did this not that long ago with a "Virtual in game currency"(can't remember the name..), bidding it up to stupid amts" and the government stepped in and it went to worthless..


I sold what little I had around $1100 a few weeks ago 

I buy sub 100 ..

[CryptStorm]

2600 broken

chikun little says the sky is falling

lol, I was just stating a fact 

not calling you a chikun little .. calling btcchina that

Oh. That's all good then. I have to admit to being a little bearish right now because I've got a low bid in 

Careful it's not too high!

[keewee]

Fuck's sake. I go abroad for a couple days and China decides to trigger the apocalypse.

And I have no access to my stash so I can't even trade this.

Bitstamp better not break $500 or we're gonna have Risto all up in our faces acting like this announcement was foreseeable.

Dammit, it's looking more and more likely too  

[Mirsad]

To the moon 
CHoooooochoofoooo MOOOOTHERFOOOOCKOOROZ!

HAHAH so funny. Much tears!

[Vigil]

Gox is hard as Fudge to trade right now... all the drops are delayed relative to the others and there are no rebounds.

[bqxpd]

$600 going... going...

[HairyMaclairy]

Looks like I am going to be back for another bite soon.

Sure glad I have my buy curve planned down to $10.  Maybe I need to plan for sub $10.

[BC-Trader]

BTC crash could spark another alt boom as the flight to fiat and "other" will start to ignite..

[Vycid]

Fuck's sake. I go abroad for a couple days and China decides to trigger the apocalypse.

And I have no access to my stash so I can't even trade this.

Bitstamp better not break $500 or we're gonna have Risto all up in our faces acting like this announcement was foreseeable.

Dammit, it's looking more and more likely too  

It may bounce off $266 and end up at $600 or so.

[adamstgBit]

Looks like I am going to be back for another bite soon.

Sure glad I have my buy curve planned down to $10.  Maybe I need to plan for sub $10.

lol!