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

[chessnut]

There goes Huobi sporting a wave C or III for me.

.... better watch out, if this is a wave three, your shorts are gonna be left high and dry.

[TERA]

New tradingview chart called "bearcoins are back".

Bearcoins.

LOL

[chriswilmer]

Inspirational Buy All the Bitcoins Speech

Sons of the internet, I am AdamStgBit, and I see a whole army of my countrymen here in defiance of closed source centralized systems, you've come here to buy and sell on the free market, and a free men you are ( expect for Jorge, sadly...). What will you do without FREEDOM!?? WILL YOU BUY!?

"No! No! we will sell and/or hope for lower prices, if not, least we'll have some fiat, to pay the bills"

Ya ok, buy now and you might lose, sell now and you'll have some fiat to pay the bills.

At least a while...

And drowning in debt many years from now, would you be willing to trade all the days from this day to that, for once chance, just one chance! to come back here and tell the bankers that they may take our mortgage payment directly out of our accounts without asking, and even take the house after taking all our money, but they'll never take our BITCOINS!!!

* inspired by https://www.youtube.com/watch?v=L21-vnlPk_o *

^FREEDOM IS AWESOME!!!!+1 WE LOVE YOU MAN!!! =)

SO MUCH AWESOME!!!

[cee-euros]

wha happen at ok coin with the red wick, 10 minutes ago, was it one sell?

[sonofliberty]

Hoping to see 400 now. Come on weekend dip.

No.

[chessnut]

Hoping to see 400 now. Come on weekend dip.

No.

.....hoping is not good enough. why will it dip?
 

[Carra23]

Hoping to see 400 now. Come on weekend dip.

No.

.....hoping is not good enough. why will it dip?
 

If you are asking for charts, I do not have those. It usually dips on weekends, but it is certainly not a given.

Hence, the hope. I must add that my hopes usually work out, or at least have been working out in the past few months. Though in a downtrend, its easy to make a profit if you are selling whenever it rises so may not be really actual skill.

[billyjoeallen]

Hoping to see 400 now. Come on weekend dip.

No.

.....hoping is not good enough. why will it dip?
 

 Because last weekend there was a dip due to a bogus story of a bitcoin ban in China. This week, there is another bogus story of a bitcoin ban in China. Some people are thinking the market is that stupid. They may be right, but although successful, this strategy may be starting to show diminishing returns.

[windjc]

Hoping to see 400 now. Come on weekend dip.

No.

.....hoping is not good enough. why will it dip?
 

 Because last weekend there was a dip due to a bogus story of a bitcoin ban in China. This week, there is another bogus story of a bitcoin ban in China. Some people are thinking the market is that stupid. They may be right, but although successful, this strategy may be starting to show diminishing returns.

Is the news bogus? There is certainly reason to believe it may not be.

[chessnut]

Hoping to see 400 now. Come on weekend dip.

No.

.....hoping is not good enough. why will it dip?
 

 Because last weekend there was a dip due to a bogus story of a bitcoin ban in China. This week, there is another bogus story of a bitcoin ban in China. Some people are thinking the market is that stupid. They may be right, but although successful, this strategy may be starting to show diminishing returns.

but there has been a lot of panic selling already, if you are going to attribute this to malice, then why wouldn't the next bogus news cause a rally?

[windjc]

...
Is the news bogus? There is certainly reason to believe it may not be.

Some reason more significant than repeats of a single article that contained no proof or references?

It wasn't a single article and it was also reported by one of the most respected news sources in China.

[billyjoeallen]

Hoping to see 400 now. Come on weekend dip.

No.

.....hoping is not good enough. why will it dip?
 

 Because last weekend there was a dip due to a bogus story of a bitcoin ban in China. This week, there is another bogus story of a bitcoin ban in China. Some people are thinking the market is that stupid. They may be right, but although successful, this strategy may be starting to show diminishing returns.

Is the news bogus? There is certainly reason to believe it may not be.

The rumor cause a > 20% crash and yet three days later not a single confirmation from the PBoC or any of the half dozen exchanges. How do you prove a negative? The story is a Dorian.

[billyjoeallen]

...
Is the news bogus? There is certainly reason to believe it may not be.

Some reason more significant than repeats of a single article that contained no proof or references?

It wasn't a single article and it was also reported by one of the most respected news sources in China.

More respected than Newsweek? Please.

[MAbtc]

...
Is the news bogus? There is certainly reason to believe it may not be.

Some reason more significant than repeats of a single article that contained no proof or references?

I did see a link to CCTV posted on TradingView... did not click, figured it was in Chinese anyway... but many people were saying the [practical] ban was being discussed on CCTV.

Maybe I just got trolled.

[fonzie]

Breaking News:

If no one buys we won´t go up 

[JorgeStolfi]

I did see a link to CCTV posted on TradingView...

I found that link too and posted it earlier here:

The "rumor" did apparently make it to CCTV, the main state TV media in China:
http://jingji.cntv.cn/2014/03/28/ARTI1395963853109425.shtml
However I can't quite tell through Google Translate how much weight they give to the report.

[boumalo]

...
Is the news bogus? There is certainly reason to believe it may not be.

Some reason more significant than repeats of a single article that contained no proof or references?

It wasn't a single article and it was also reported by one of the most respected news sources in China.

More respected than Newsweek? Please.

Tv in China is watch by hundreds of millions of people and articles are read by hundreds of millions of people as well

There is 1B of people in America and 4 in Asia...The center of the world is already Asia and it will be even more Asia as time pass by in the 21th century

[fonzie]

...
Is the news bogus? There is certainly reason to believe it may not be.

Some reason more significant than repeats of a single article that contained no proof or references?

I did see a link to CCTV posted on TradingView... did not click, figured it was in Chinese anyway... but many people were saying the [practical] ban was being discussed on CCTV.

Maybe I just got trolled.

I´m pretty sure that the ban is real. I just don´t know if and how much further we drop when it is official.

They banned another online payment service a few weeks ago, as far as i know.
No big deal for them to close their bank accounts.It´s similar to the Gox diaster, everybody knew about it but denied it until the last second.
People even sent money to Gox in the last days, when it was more than obvious what was happenin.
The chinese traders will probably trade until the last second and further, when it´s too late to get money out.

[infofront]

I believe the ban is real as well. I'll believe some of China's most reputable news sources over the permabulls on this forum that have been telling everyone to buy for the last three months.

[fonzie]

C'mon, bitcoin has a 10 billion dollar cap, surely can do better than reheating the same leftover FUD from last week. There have been multiple requests for clarification from Chinese banks and exchanges and all of them have had zero response, no official source has verified this 'news'.

Over weeks everyone that mentioned that Gox will go down was called an evil FUD spreader...
I even made a poll 8 weeks before the shutdown, that was called:
"How long until Gox shuts down"
People laughed at me for not selling Bitcoin on Gox for 10%+ premium prices