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

[Kj1]

what is happening ?  the price every weekend rise a bit than drop back to where it was for 2 weeks now  

gallifrey falling

<soon>

no more


damn a tardis would be handy

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[JorgeStolfi]

Re-posted as good news:

What we know:

There were two accounts through which one coud put money into Huobi, a personal one that supported ATM deposits and Zhifubao (?) transfers, and a corporate one, on a different bank, that did not. The first way was closed.

We do not know whose decision it was (Lilin's, the bank's, or the central bank).  Nowhere it is said that the second way was explicitly (re)approved by the second bank or by the central bank.

The only certainty is that some ways of moving money into Huobi were closed.  It may be slightly bad news, but it is clearly bad news, not good news. 

The market seems to agree.

(By the way, I believe that OKCoin has been operating all along with their business account only.)

[pinky]

what is happening ?  the price every weekend rise a bit than drop back to where it was for 2 weeks now  

Haven't you heard, bitcoin is so passe, marijuana stocks are the next big thing!

[Ivanhoe]

what is happening ?  the price every weekend rise a bit than drop back to where it was for 2 weeks now  

And the rises are triggered by big market orders every week. Reminds me a bit of the period in august when we had that mysterious whale buyer for 4 weeks in a row on weekends if i'm not mistaken. I'm not making any assumptions here, but it is remarkable.

[ChartBuddy]

Explanation

[mmitech]

what is happening ?  the price every weekend rise a bit than drop back to where it was for 2 weeks now  

http://www.reddit.com/r/Bitcoin/comments/1v0wrz/warning_huobi_has_closed_their_personal_bank/?already_submitted=true

bad news from china

how is this suppose to be bad news ? their business account is still open and receiving fund which is really good in a strange way !!

[fotosonics]

Really can't recommend this enough to understand the big picture with China.

Former Director of US Mint

http://www.moneynews.com/Ed-Moy/China-is-afraid-of-Bitcoin-because-of-its-real-potential-to-disrupt-its-plan-for-economic-supremacyBitcoin-by-its-very-nature-is-decentralized-/2014/01/10/id/546484

[kurious]

Gox looking a little high compared to all other markets - by maybe 30 bux over historical gap.

If it stays that way, it is holding things higher then they might be, I wonder if this will last.

[NamelessOne]

what is happening ?  the price every weekend rise a bit than drop back to where it was for 2 weeks now  

http://www.reddit.com/r/Bitcoin/comments/1v0wrz/warning_huobi_has_closed_their_personal_bank/?already_submitted=true

bad news from china

how is this suppose to be bad news ? their business account is still open and receiving fund which is really good in a strange way !!

Because China has declared that illegal and it will be likely smashed down upon very soon. So Huobi is essentially just the illegal exchange now.

[KFR]

If China wanted to shut down a website, wouldn't it just... well, shut down the website? 

[Mad Scientist]

Looks like 817 was the bottom on btc-e?

[pietje]

Because China has declared that illegal and it will be likely smashed down upon very soon. So Huobi is essentially just the illegal exchange now.

A few days ago he said that they are trying to find a legal loophole by claiming to be in the ''internet industry'' and not the ''financial industry''. Who knows how this will turn out, the great houbini might trick us.

One way or another, it will likely be shut down somewhere in the future. And i dont want to be in btc when that happens, tricky part is to know when to sell and not be asleep or something..
For now i just went back to btc.

[Davyd05]

Because China has declared that illegal and it will be likely smashed down upon very soon. So Huobi is essentially just the illegal exchange now.

A few days ago he said that they are trying to find a legal loophole by claiming to be in the ''internet industry'' and not the ''financial industry''. Who knows how this will turn out, the great houbini might trick us.

One way or another, it will likely be shut down somewhere in the future. And i dont want to be in btc when that happens, tricky part is to know when to sell and not be asleep or something..
For now i just went back to btc.

http://thenextweb.com/asia/2014/01/09/singapore-bucks-the-trend-and-welcomes-bitcoin-laying-out-tax-rules-for-the-virtual-currency/?fromcat=all#!r0WWd a country opening its financial arms to btc and we ignore it for the most part. An exchange might have to re structure the world is burning to the ground lol

pisses me off that because China may or may not have an exchange we freak the fuck out.. if they're smart they just leave the exchange you thought could collapse asap. I don't mind if you sell and withdraw or just send your btc to a wallet till you find a new exchange it's so trivial.

[pietje]

Because China has declared that illegal and it will be likely smashed down upon very soon. So Huobi is essentially just the illegal exchange now.

A few days ago he said that they are trying to find a legal loophole by claiming to be in the ''internet industry'' and not the ''financial industry''. Who knows how this will turn out, the great houbini might trick us.

One way or another, it will likely be shut down somewhere in the future. And i dont want to be in btc when that happens, tricky part is to know when to sell and not be asleep or something..
For now i just went back to btc.

http://thenextweb.com/asia/2014/01/09/singapore-bucks-the-trend-and-welcomes-bitcoin-laying-out-tax-rules-for-the-virtual-currency/?fromcat=all#!r0WWd a country opening its financial arms to btc and we ignore it for the most part. An exchange might have to re structure the world is burning to the ground lol

pisses me off that because China may or may not have an exchange we freak the fuck out.. if you they're smart you just leave the exchange you thought could collapse asap. I don't mind if you sell and withdraw or just send your btc to a wallet till you find a new exchange it's so trivial.

I feel the same like you.. Point is, if it gets shut down in the near future there will be a crash. Just look at what this little news thing did. Somehow everything still depends on china, which is a huge unknown factor.
And im not trading on huobi, but rather dont want to be in btc when it goes down   And because everyone thinks like that, we make our own crash.

[fotosonics]

Because China has declared that illegal and it will be likely smashed down upon very soon. So Huobi is essentially just the illegal exchange now.

A few days ago he said that they are trying to find a legal loophole by claiming to be in the ''internet industry'' and not the ''financial industry''. Who knows how this will turn out, the great houbini might trick us.

One way or another, it will likely be shut down somewhere in the future. And i dont want to be in btc when that happens, tricky part is to know when to sell and not be asleep or something..
For now i just went back to btc.

http://thenextweb.com/asia/2014/01/09/singapore-bucks-the-trend-and-welcomes-bitcoin-laying-out-tax-rules-for-the-virtual-currency/?fromcat=all#!r0WWd a country opening its financial arms to btc and we ignore it for the most part. An exchange might have to re structure the world is burning to the ground lol

pisses me off that because China may or may not have an exchange we freak the fuck out.. if you they're smart you just leave the exchange you thought could collapse asap. I don't mind if you sell and withdraw or just send your btc to a wallet till you find a new exchange it's so trivial.

I feel the same like you.. Point is, if it gets shut down in the near future there will be a crash. Just look at what this little news thing did. Somehow everything still depends on china, which is a huge unknown factor.
And im not trading on huobi, but rather dont want to be in btc when it goes down  And because everyone thinks like that, we make our own crash.

That is a sad attitude.

To beat The Chinese government's attempt to crush bitcoin -- and all it stands for -- the best thing for us to do is keep spreading the news, get more buyers and people to use it. There's still quite a ways to go.

Break dependence on China! Stand for freedom!

[mellowyellow]

Looks like 817 was the bottom on btc-e?

Dunno, this bounce is very weak. I'm thinking around 780 will be bottom.

[T.Stuart]

Looks like 817 was the bottom on btc-e?

Dunno, this bounce is very weak. I'm thinking around 780 will be bottom.

In this new zero-gravity atmosphere the weak bounce can be the good one

[YoYa]

Looks like 817 was the bottom on btc-e?

Dunno, this bounce is very weak. I'm thinking around 780 will be bottom.

In this new zero-gravity atmosphere the weak bounce can be the good one

What does that even mean?

[kromer]

One way or another, it will likely be shut down somewhere in the future. And i dont want to be in btc when that happens, tricky part is to know when to sell and not be asleep or something..
For now i just went back to btc.

You are playing safe, which is commendable, but if you are long-term, a big gamble. The news recently has been huge and Bitcoin is spreading throughout the world like wildfire. You are passing on the chance to ride it up because of a possibility to catch a dip caused by something that might not ever happen.

[RicePicker]

Looks like 817 was the bottom on btc-e?

Dunno, this bounce is very weak. I'm thinking around 780 will be bottom.

In this new zero-gravity atmosphere the weak bounce can be the good one

What does that even mean?

He believes that the bitcoin train is in space and is going to the moon shortly.