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

[PeptoMax]

So considering all that’s going on, when do you think is a good time to put in a large purchase at coin base?

[fonzie]

So considering all that’s going on, when do you think is a good time to put in a large purchase at coin base?

Can you travel back in time?

[bassclef]

So considering all that’s going on, when do you think is a good time to put in a large purchase at coin base?

Yesterday. But now would be a good time as well.

[andyatcrux]

I still am trying to figure out what the big deal is for China. My first BTC was purchased by sending money to Virwox to buy Linden dollars to then buy BTC. Cost me 10% more than the market rate, but I found a way to get BTC. Now Coinbase is how I get BTC. In the United States it seems to be the most reliable and convenient way of getting fairly priced BTC and even then some banks like Chase bank have been known to freeze deposits. My point is, how can the Chinese government possibly stop the flow of BTC into China without preventing the CNY from moving around internationally and being exchanged for other currency. I realize that the cost to them may be a little higher but since the world seems to follow China that could oddly drive up prices bit by bit as CNY finds its way into BTC because the realized cost would always be more than present market price. I know, I just went down the deep end of speculation without a life vest.  

Please link me to any reliable information that points to a "BAN" of bitcoin in China. Preventing the centralized bank from funding the purchase of BTC is not the same as saying it is a crime to have or purchase BTC.

[adamstgBit]

So considering all that’s going on, when do you think is a good time to put in a large purchase at coin base?

not now, china is about to ban bitcoin for the 3rd time, its not getting old. nope!

[magicmexican]

Putting him back on ignore, he actually had a period (half-day or so) of semi-nonretarded posts, but that probably was a fluke, he is back to being a boring garbage troll now.

Also pls stop quoting him and that ripple-retard

[bassclef]

When Mt Gox was dying, the market slid for months. When they stopped accepting deposits (for the last time), the market crashed to $400 and immediately rebounded to $710.
The slide from $710 to $436 was because the eventual banning of BTC exchanges was being priced in. There was some confirmation of this with two small exchanges that took us from $486 back down to $440.

Yep, a double-whammy capitulation event. I think the worst may be behind us, the community having learned a tough lesson by a proper Goxxing and telling the Chinese to get onboard or get off the boat.

[JorgeStolfi]

Idk, there's a few points that are dubious and its a little evangelical but being able to buy coins in any store... where do I sign? I think that could be a problem though, services are trying to play nice with AML regs but it looks like this disregards them

Perhaps there will be rather strict limits on the amount of $ one can convert this way? Limits on the contents of a card and/or amount available in a store?

One interesting thing is that one would be able to pay by handing over the card, rather than transferring the bitcoins.  We could call this new payment method "carry and swap handling", or CASH for short.  

(EDIT: typos)

[dreamspark]

Are we likely to slowky grind down towards the 15th then or hold until the day and dump on the news ? I feel like most people who are selling on that news have sold already.

[fonzie]

When will those second market coins be available for sale on a real market? How much longer will the customers be goxxed?

[billyjoeallen]

China likely won't criminalize ownership for a long time, if ever. What they can do is make it difficult for the Chinese people to buy bitcoins. As the current price is not a function of current utility, but a discounted expectation of future price, this could lead to a drop in price. The knowledge of less money flowing into bitcoinisphere from the Middle Kingdom is a downward pressure on price.

If I had billions, I would be pouring it into Bitcoin now, but I don't. If I had millions, I would be building walls around support at $400 to $450 (but I don't).

The utility of Bitcoin is still  increasing rapidly. The system is anti-fragile and will survive and grow, but it will  not be overnight and bitcoin profit will be earned- not given to you. 

[mmitech]

Max kieser gone crazy hahahahaha http://www.youtube.com/watch?feature=player_embedded&v=Zm7gQvTl2dA#t=1104

1st April joke ? hahahahhaah this is amazing 

[fonzie]

Max kieser gone crazy hahahahaha http://www.youtube.com/watch?feature=player_embedded&v=Zm7gQvTl2dA#t=1104

1st April joke ? hahahahhaah this is amazing 

 

[roslinpl]

Max kieser gone crazy hahahahaha http://www.youtube.com/watch?feature=player_embedded&v=Zm7gQvTl2dA#t=1104

1st April joke ? hahahahhaah this is amazing 

Omg he really does gone crazy

he perhaps really wanted to celebrate 1st of April

Very entertaining!

[Walsoraj]

Wall street is not coming to bitcoin. A reincarnation of Stratton Oakmont? Maybe. But they are more likely to peddle scammy alts than bitcoin.

[billyjoeallen]

When Mt Gox was dying, the market slid for months. When they stopped accepting deposits (for the last time), the market crashed to $400 and immediately rebounded to $710.
The slide from $710 to $436 was because the eventual banning of BTC exchanges was being priced in. There was some confirmation of this with two small exchanges that took us from $486 back down to $440.

Yep, a double-whammy capitulation event. I think the worst may be behind us, the community having learned a tough lesson by a proper Goxxing and telling the Chinese to get onboard or get off the boat.

I wish that I could definitively say that final capitulation took place, but we won't know until support gets defended on higher volume. We need higher lows on increasing volume and that's not happening (yet).  I still wouldn't want to be a bear now. The knowledge that any one of thousands of people could blow the lid off price with a market buy that soaks up all liquidity in a flash would make me even more nervous than I am.

$19 Billion for What's Ap?  

[Chalkbot]

Max kieser gone crazy hahahahaha http://www.youtube.com/watch?feature=player_embedded&v=Zm7gQvTl2dA#t=1104

1st April joke ? hahahahhaah this is amazing 

"I don't know if you noticed, but I almost knocked him out just then."

lol

[Walsoraj]

http://www.thewire.com/business/2014/04/bitcoin-has-been-one-of-the-worst-investments-in-the-world-this-year/359970/

Of course, it’s no surprise that confidence in the crypto-currency has been crumbling. First of all, unless you were laundering money, dodging taxes or selling drugs, it never really made much sense to use bitcoin as a medium of exchange. It did momentarily make a lot of sense to own bitcoin for a few months. But only because it was going up. In other words, it made sense if you were confident you could flip it to another sucker at a tidy profit.

[surfer43]

Explanation

Heavy buy support, low sell support... 
460 has 2.2K buy support. 500 less than 1K

[gentacomp]

Would be 600 USD next week (5-10 days) and more than 700 USD after http://bitcoinexpo.ca/ finished and stabilized in 700-750 until May. IF http://www.globalbtcsummit.com/en/ go smooth, June/July would be new highest price of all time...

Sorry no evidences, just a hunch...