adamstgBit
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Trusted Bitcoiner
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March 21, 2014, 02:16:49 PM |
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As i said yesterday, we would need some fud to get to 550~ish, and bam, new china fud out of the blue, either a lucky guess, or someone who wants a crash had same thoughts
China Central Bank says in its official weibo that the news about #bitcoin trading ban is fake
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effortless." -- Satoshi
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tarmi
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Activity: 1218
Merit: 1010
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March 21, 2014, 02:19:11 PM |
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I saw 2k buy @ 590 $. I read about a lot of exhausted fiat in 550 $ zone. I am calling sub-550 $ coins in 8 hours.  |
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Richy_T
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Activity: 2436
Merit: 2116
1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k
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March 21, 2014, 02:20:05 PM |
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Doesn't the use of btc ATMs defet the whole purpose of Bitcoin?
No. A strong network of bitcoin atm's is exactly what bitcoin needs. Bugger exchanges. Your average Joe does not want to go through that convoluted mess. It's for the day traders. Bitcoin ATM's are a nearly idiotproof way to access the system that every Tom, Dick and Harry is familiar with. The problem is that there is no Tom, Dick and Harry interest to buy bitcoin as they are fearing it is a bubble and their hard earned money will vanish Until there's a rally then they'll rush to buy in and complain when it collapses. |
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JorgeStolfi
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March 21, 2014, 02:22:08 PM |
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Where are you seeing that "drop to 1 CNY"? Looking at bitcoinwisdom now, I do not see it. The lows I can see are
Huobi: 3213.1 CNY
OKCoin: 2653.9
Bter: 3011.0
BTC-China: 3301.0
Did someone doctor the logs?
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FTWbitcoinFTW
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March 21, 2014, 02:22:22 PM |
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As i said yesterday, we would need some fud to get to 550~ish, and bam, new china fud out of the blue, either a lucky guess, or someone who wants a crash had same thoughts
China Central Bank says in its official weibo that the news about #bitcoin trading ban is fake
 *insert china joke |
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ShroomsKit_Disgrace
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Activity: 952
Merit: 1000
Yeah! I hate ShroomsKit!
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March 21, 2014, 02:23:30 PM |
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Where are you seeing that "drop to 1 CNY"? Looking at bitcoinwisdom now, I do not see it. The lows I can see are
Huobi: 3213.1 CNY
OKCoin: 2653.9
Bter: 3011.0
BTC-China: 3301.0
Did someone doctor the logs?
The drop was in LTC /CNY market at Huobi. |
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magicmexican
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March 21, 2014, 02:24:55 PM |
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Where are you seeing that "drop to 1 CNY"? Looking at bitcoinwisdom now, I do not see it. The lows I can see are
Huobi: 3213.1 CNY
OKCoin: 2653.9
Bter: 3011.0
BTC-China: 3301.0
Did someone doctor the logs?
 its LTC, notice the "1" @bottom maybe btcwisdom is fucked, not sure |
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dreamspark
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March 21, 2014, 02:32:23 PM |
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What do you do if you just bought 1CNY ltc? Surely you cant not sell for 100x insta profit
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JorgeStolfi
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March 21, 2014, 02:32:50 PM |
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The drop was in LTC /CNY market at Huobi.
Oh, indeed. Thanks! |
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jl2012
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Activity: 1792
Merit: 1093
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March 21, 2014, 02:41:05 PM |
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As i said yesterday, we would need some fud to get to 550~ish, and bam, new china fud out of the blue, either a lucky guess, or someone who wants a crash had same thoughts
China Central Bank says in its official weibo that the news about #bitcoin trading ban is fake
The official weibo (Twitter of China) of PBOC: http://weibo.com/u/3921015143 |
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adamstgBit
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Activity: 1904
Merit: 1037
Trusted Bitcoiner
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March 21, 2014, 02:43:24 PM |
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As i said yesterday, we would need some fud to get to 550~ish, and bam, new china fud out of the blue, either a lucky guess, or someone who wants a crash had same thoughts
China Central Bank says in its official weibo that the news about #bitcoin trading ban is fake
The official weibo (Twitter of China) of PBOC: http://weibo.com/u/3921015143confirmed thanks |
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magicmexican
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March 21, 2014, 02:44:34 PM |
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fake news or not, market is really trigger happy now
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JayJuanGee
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Activity: 3710
Merit: 10208
Self-Custody is a right. Say no to"Non-custodial"
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March 21, 2014, 02:59:19 PM |
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fake news or not, market is really trigger happy now
Also, I am searching... searching... searching..... for the bottom..... maybe $550? or maybe $510 over weekend? |
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ErisDiscordia
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Activity: 1133
Merit: 1163
Imposition of ORder = Escalation of Chaos
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March 21, 2014, 03:04:28 PM |
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In other news...have you already heard the Ode to Satoshi? Great song! Best post of the day! +1 "til everybody knows, everybody knows, til everybody knows your naaaaame!" Don't forget to show everybody how awesome Bitcoin is by tipping the artist if you enjoyed his work  |
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spooderman
Legendary
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Activity: 1638
Merit: 1022
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March 21, 2014, 03:09:21 PM |
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yay waves to ride.
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cbutters
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March 21, 2014, 03:18:36 PM |
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Did anyone catch this quote from the mtgox statement.
“Taking into account the existence of the 200,000 BTC, the total number of bitcoins which have disappeared is therefore estimated to be approximately 650,000 BTC.”"
So.. its basically official that M.K. is just a complete and utter retard right? Who moves 200,000 BTC to verify they have control of bitcoin and then forgets that they exist. Does this ultimately point to the more likely possibility that M.K. just lost the private keys but had an old database backup that he eventually went and fished these 200,000 coins out of after the community pointed them out?
also... how does 850,000 missing vs 650,000 missing affect the markets?
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ChrisML
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March 21, 2014, 03:21:33 PM |
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Where will this end.
I want that ride to $950,- per BTC. Thank you very much!
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jl2012
Legendary
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Activity: 1792
Merit: 1093
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March 21, 2014, 03:23:02 PM |
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Did anyone catch this quote from the mtgox statement.
“Taking into account the existence of the 200,000 BTC, the total number of bitcoins which have disappeared is therefore estimated to be approximately 650,000 BTC.”"
So.. its basically official that M.K. is just a complete and utter retard right? Who moves 200,000 BTC to verify they have control of bitcoin and then forgets that they exist. Does this ultimately point to the more likely possibility that M.K. just lost the private keys but had an old database backup that he eventually went and fished these 200,000 coins out of after the community pointed them out?
also... how does 850,000 missing vs 650,000 missing affect the markets?
I think the market is affected by the now confirmed fake news about China banning bitcoin trading |
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cbutters
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March 21, 2014, 03:29:56 PM |
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Is anybody else starting to get a tingly feeling? I think we might just cautiously take some steps upward.
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dreamspark
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March 21, 2014, 03:30:34 PM |
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Did anyone catch this quote from the mtgox statement.
“Taking into account the existence of the 200,000 BTC, the total number of bitcoins which have disappeared is therefore estimated to be approximately 650,000 BTC.”"
So.. its basically official that M.K. is just a complete and utter retard right? Who moves 200,000 BTC to verify they have control of bitcoin and then forgets that they exist. Does this ultimately point to the more likely possibility that M.K. just lost the private keys but had an old database backup that he eventually went and fished these 200,000 coins out of after the community pointed them out?
also... how does 850,000 missing vs 650,000 missing affect the markets?
They don't, I have no idea how you just find a wallet with 200,000 BTC when others can see it on the blockchain etc. It suggest to me personally that the theories regarding lost keys or badly written key generating software are the most plausible. I wouldnt be surprised to see a large part of the 850k slowly being 'found' what this does to the price however is anyone's guess |
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