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

[NewLiberty]

Does anybody know why btc-e USD disappeared from bitcoincharts.com?

No idea but I noticed yesterday that it was absent.

Probably because it is so hard to get any USD to BTC-E, so they don't bother.

Anyone want to ripple me some through to there? 

[RandyMagnum]

I can't let go of the idea that Huobi is treading on very shaky ground with their workaround. 

Am I wrong to believe that what the owner is doing is dubious at best and otherwise potentially illegal?  I imagine he has found a vague loophole that would allow him some legal wiggle room should he be pressed.

[TERA]

This is like that game musical chairs.

[dgarcia]

Falling Triangle.

[Vigil]

Someone has successfully applied an antigravity device to the Bitcoin price. It is like a hot-air balloon rising without the voluminous sack that holds all the hot air.

[Searing]

This is like that game musical chairs.

yep jan 1st ...china powers that be continue with policy of no $$$ alowed to flow into china exhanges....imho if lucky coin stalbilzes at 500usd maybe?

yep jan 1st 2nd possibliity.....china powers that be in consultation with the 'legit' large china bitcoin exhanges have a set of rules /hoops to jump thru
to xfer china fiat into exchanges again..like the usa ....ID......keep track etc etc

2nd possiblity....BTC is gonna go up like a 'rocket' and we will look very "brillaint"....

so yeah 'musical chairs' chinese edition....common guys ..suck it up...act like a "communist! damnit!" /...power to the people and all that?

chump or champ .....it is always chump or champ with BTC never in between

Searing

[Searing]

Someone has successfully applied an antigravity device to the Bitcoin price. It is like a hot-air balloon rising without the voluminous sack that holds all the hot air.

imho people are acting on  "rumors' that jan 1st china will reconsider and have "ways" to get fiat into the "legit exhanges" ie jump thru some hoops like the usa



(i wish) so it is less an 'anti-gravity" device more a 'holiday' hope and a prayer imho

[iarsenaux]

Chinese new year is not on jan 1 right?

[Davyd05]

think when arb or whatever it is that is closing what was once a 100-200 dollar cushion between Chinese exchanges and the others will be the point at which we see the next decision making process for China

[windjc]

Look guys, last week I was a bear too. But this thread has become nothing but a bunch of angry bears.

You HAVE to be able to have a flexible sentiment when trading bitcoin. Come on. The market dictates. There were tons of signs pointing up. I ignored them. For a while. Until it became obvious that we were bullish. So stop crying about China - which the market is just using as an excuse to go the direction sentiment and demand wants to take it.

Everybody wants a longer consolidation or capitulation because that's what we had in April. And that's what we had in 2011. Well, in fact, each time we go up and come back down its a bit different.

Right now the market wants to go up. Just deal with it. ATHs are much more likely before <380.

That's just the state of things atm.

[Blue]

Chinese new year is not on jan 1 right?

2014 it is end of January (golden week)

[Azeh]

I can't let go of the idea that Huobi is treading on very shaky ground with their workaround. 

Am I wrong to believe that what the owner is doing is dubious at best and otherwise potentially illegal?  I imagine he has found a vague loophole that would allow him some legal wiggle room should he be pressed.

I completely agree.  Huobi, BTC38, and FXBTC are treading in dangerous waters.  I can't see the government allowing these exchanges to continue for long.  I expect they will move soon and either shutdown these exchanges or cut off current funding options. I imagine it's a matter of when not if.

It remains to be seen the market reaction after the fallout, but I'd expect to fall back down to 500 or so.

It will also be interesting how the government will handle the voucher system that BTCChina has implemented.  I wonder if OKcoin and BTCChina will receive favorable treatment as they seem to be the only exchanges that have really followed along with the governments demands.

[seleme]

Look guys, last week I was a bear too. But this thread has become nothing but a bunch of angry bears.

You HAVE to be able to have a flexible sentiment when trading bitcoin. Come on. The market dictates.

This is the key.

Both sets of permabulls and permabears look silly sometimes. Permabears specially as permabulls got their rewards already and lot of them are loaded enough to just chill now and wait new highs.

But man just has to have ability to adapt. Nobody should think market should come where we want it, it's us who have to do what market does even if we don't like it.

[Vigil]

nevermind... this post was a stupidly obvious realization.

[beetcoin]

i don't like to take extreme positions.. i have no idea where bitcoin is going. it's probably 50/50 at this point. sometimes i feel bearish, other times i feel bullish.. becuase when you consider the facts presented, there's validity in both arguments.

[Parazyd]

Still bullish, these are just traps.

[el_rlee]

Chinese new year is not on jan 1 right?

Right

[damiano]

Past 2 weeks I was bearish, but now I'm bullish. 

[Parazyd]

Past 2 weeks I was bearish, but now I'm bullish. 

Do you have any fiat left? I'm 0/100 USD/BTC

[TERA]

I'm bullish about the price action with china back in but bearish about the whole china situation to begin with.