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

[zby]

really starting to believe that statement was an internal memo that got leaked from the pboc on its way to exchanges.. Mind you I'll change my mind if across the board halts come..and then watch them flow to btc-e lol

This is on front page of http://www.btctrade.com/

"Dear user: third-party payment channels received notification today, will be suspended directly online recharge functionality April 1, recharge will continue to use bank transfers, daily transactions and withdrawals are not affected, please understand! 415 for the recent events, Bitcoin transaction network (btctrade.com) yet received any notice, the recent market volatility is large, please investors cautious investment.".

bter has made a similar announcement.

I realize a lot of those who post in this thread has a very hard time accepting reality. Perhaps someone will be kind enough to send you a telex with the memo eventually?

I advise you to accept reality and the fact that some CNY exchanges already confirmed that the PBOC document is real before we re-visit double digits.

For negative stuff isn't it sell on rumours buy on news?

[ShroomsKit]

Interesting that this fat red candle on huobi didnt make new low on stamp

The sheep finally figured out you don't have to sell on Stamp because a Chinese exchange goes down? That would be a miracle and very hard to believe.

[magicmexican]

Selling now and waiting for china to crash to 2300-2100 is probably not a bad idea, since the bigger dump always happens about 8h~ after the "news"

[gizmoh]

Selling now and waiting for china to crash to 2300-2100 is probably not a bad idea, since the bigger dump always happens about 8h~ after the "news"

So you finally SODL , bulls changing minds, i guess the low isn't that far!

[T.Stuart]

For negative stuff isn't it sell on rumours buy on news?

It's amazing how people forget this. Remeber pre-Gox, when it was all about China? By the time the deadline came we were stable / inching up and if it hadn't been for Gox we would have continued that way I reckon.

[magicmexican]

Selling now and waiting for china to crash to 2300-2100 is probably not a bad idea, since the bigger dump always happens about 8h~ after the "news"

So you finally SODL , bulls changing minds, i guess the low isn't that far!

I said it would probably be an okay idea, but i didnt sell , because overall the price is too low

[windjc]

For negative stuff isn't it sell on rumours buy on news?

It's amazing how people forget this. Remeber pre-Gox, when it was all about China? By the time the deadline came we were stable / inching up and if it hadn't been for Gox we would have continued that way I reckon.

Maybe there is another way, but to me it looks like there is going to be an epic showdown between $380-$420. The bid sums are already lined up, with plenty more waiting in the wings. But China is going to attempt to take us down to $200s

We need real capitulation and I think we are going to have a chance at it when these two forces meet.

[magicmexican]

For negative stuff isn't it sell on rumours buy on news?

It's amazing how people forget this. Remeber pre-Gox, when it was all about China? By the time the deadline came we were stable / inching up and if it hadn't been for Gox we would have continued that way I reckon.

Maybe there is another way, but to me it looks like there is going to be an epic showdown between $380-$420. The bid sums are already lined up, with plenty more waiting in the wings. But China is going to attempt to take us down to $200s

We need real capitulation and I think we are going to have a chance at it when these two forces meet.

Maybe, thats kinda what most people expect, but i dont know, i have a feeling that this whole crash is kinda full of shit, cant really put my finger on it

[Xell]

For negative stuff isn't it sell on rumours buy on news?

I think this is true for positive stuff too la!

[ChrisML]

For negative stuff isn't it sell on rumours buy on news?

It's amazing how people forget this. Remeber pre-Gox, when it was all about China? By the time the deadline came we were stable / inching up and if it hadn't been for Gox we would have continued that way I reckon.

Maybe there is another way, but to me it looks like there is going to be an epic showdown between $380-$420. The bid sums are already lined up, with plenty more waiting in the wings. But China is going to attempt to take us down to $200s

We need real capitulation and I think we are going to have a chance at it when these two forces meet.

Maybe, thats kinda what most people expect, but i dont know, i have a feeling that this whole crash is kinda full of shit, cant really put my finger on it

I just kinda know 90% sure it's full of shit. HODL.

[virtualfaqs]

For negative stuff isn't it sell on rumours buy on news?

It's amazing how people forget this. Remeber pre-Gox, when it was all about China? By the time the deadline came we were stable / inching up and if it hadn't been for Gox we would have continued that way I reckon.

Maybe there is another way, but to me it looks like there is going to be an epic showdown between $380-$420. The bid sums are already lined up, with plenty more waiting in the wings. But China is going to attempt to take us down to $200s

We need real capitulation and I think we are going to have a chance at it when these two forces meet.

Maybe, thats kinda what most people expect, but i dont know, i have a feeling that this whole crash is kinda full of shit, cant really put my finger on it

I just kinda know 90% sure it's full of shit. HODL.

I panic sold. That bter news put me over the edge. If I'm wrong I'll buy back in at $520. But I have some even riskier investments in some altcoins so no worries on my end. I'm hedged either way for excitement. 

[magicmexican]

Whats suspicious to me is that huobi dump happened always the same time as the bter news were released, which is very unusual.

[KFR]

Just a reminder that fiat exchanges are not free of their own manipulations: http://www.bbc.co.uk/news/business-26816057

[T.Stuart]

Bter suspends Yuan deposits citing official notification. http://www.cryptocoinsnews.com/2014/03/31/bter-suspended-chinese-yuan-deposits-citing-notification-new-official-regulations/

Price inches up.

Sell the rumour; buy the news. Love it!

This is getting priced in guys.

EDIT whoops - looking at a few posts I see this is old news already. 

[windjc]

For negative stuff isn't it sell on rumours buy on news?

It's amazing how people forget this. Remeber pre-Gox, when it was all about China? By the time the deadline came we were stable / inching up and if it hadn't been for Gox we would have continued that way I reckon.

Maybe there is another way, but to me it looks like there is going to be an epic showdown between $380-$420. The bid sums are already lined up, with plenty more waiting in the wings. But China is going to attempt to take us down to $200s

We need real capitulation and I think we are going to have a chance at it when these two forces meet.

Maybe, thats kinda what most people expect, but i dont know, i have a feeling that this whole crash is kinda full of shit, cant really put my finger on it

I know what you mean, but while people here on this forum and over on tradeview seem to agree about whats going to happen, the rest of the world may make it come true.

Also, there are always new coins being mined and sold, so without some buying pressure, the market goes down, as bitcoin is currently inflationary.

Also, a lot of smart traders don't want to buy now when they can buy for $400. So we will probably continue to melt down towards that # unless something comes along to suddenly change the market.  We put up a fight at $470. We are putting up a fight at $440.  But I think the real fight begins about $410.

[bangersdad]

I panic sold. That bter news put me over the edge. If I'm wrong I'll buy back in at $520. But I have some even riskier investments in some altcoins so no worries on my end. I'm hedged either way for excitement. 

[GameStarter]

"So far, two biggest exchanges Huobi and Okcoin claimed that they haven't received any notice or document yet. "

http://www.bitell.com/t/2063

[windjc]

"So far, two biggest exchanges Huobi and Okcoin claimed that they haven't received any notice or document yet. "

http://www.bitell.com/t/2063

What the hell is going on over there? Its like Mark Karpales is running all the major Chinese exchanges too. 3 exchanges say they have gotten notices and 3 say they haven't.

It sounds like a stall tactic to me. They MUST know by now what's up. I guess they are trying to work on contingencies or they are trying to figure out how best to spin this story.

Everyone is watch Houbi though, so that's the one we have to wait wait wait for confirmation from.  And they are the least likely to give us a straight answer, imo.

[Davyd05]

"So far, two biggest exchanges Huobi and Okcoin claimed that they haven't received any notice or document yet. "

http://www.bitell.com/t/2063

What the hell is going on over there? Its like Mark Karpales is running all the major Chinese exchanges too. 3 exchanges say they have gotten notices and 3 say they haven't.

It sounds like a stall tactic to me. They MUST know by now what's up. I guess they are trying to work on contingencies or they are trying to figure out how best to spin this story.

Everyone is watch Houbi though, so that's the one we have to wait wait wait for confirmation from.  And they are the least likely to give us a straight answer, imo.

smells like compliance issues, but I dunno not experiencing any of the news first hand quite sad

[DhaniBoy]

just sold to someone in localbitcoin at $480
BTC price declining again
hope don't touch $400