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Question: What happens first:
New ATH - 43 (69.4%)
<$60,000 - 19 (30.6%)
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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 26404807 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (174 posts by 3 users with 9 merit deleted.)
billyjoeallen
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April 10, 2014, 06:21:21 AM

I BEGGED you assholes to dump on the dead cat bounce and buy back when $400 was retested. You could have increased your BTC holdings without spending an extra dime.



Says the asshole who was insulting other people's mums when everybody with half brain could saw it's going below 600$.

Fuck off you moron, don't play the smart arse game here..

I'm gonna fuck off with the thousands of dollars I saved today by going full fiat. Jesus, you're still sore about that? Let it go, Man. I gave you credit for your good call, now give me credit for mine. Or give me your mom's number (I think I lost it).
chromosoma
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April 10, 2014, 06:23:59 AM

so huobi is like second life money?
mooncake
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April 10, 2014, 06:25:03 AM

Thanks. Now anyone have a better translation? haha

One of the banks told Huobi it is going to close their accounts in 1 week's time. Huobi acknowledged and it still has a few more banks working with it.

The question is what will happen in the next few days? Will it stop at 1 bank or will there be more to come?
raindex
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April 10, 2014, 06:26:30 AM

Could someone translate and type out in English here what it says on Huobi?
http://www.huobi.com/news/index.php?a=show_notice&id=303
Google translate not working for me.

https://bitcointalk.org/index.php?topic=564120.0
jonoiv
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April 10, 2014, 06:27:00 AM

At 12:0033 PM China time, the Huobi news was announced. It is now 2:18 PM. As you can see, the price has stabilised. Now is the time to buy in.

molecular
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April 10, 2014, 06:28:56 AM

I BEGGED you assholes to dump on the dead cat bounce and buy back when $400 was retested. You could have increased your BTC holdings without spending an extra dime.



Says the asshole who was insulting other people's mums when everybody with half brain could saw it's going below 600$.

Fuck off you moron, don't play the smart arse game here..

I'm gonna fuck off with the thousands of dollars I saved today by going full fiat. Jesus, you're still sore about that? Let it go, Man. I gave you credit for your good call, now give me credit for mine. Or give me your mom's number (I think I lost it).

I'm not really 100% sure, but personal empirical evidence suggests that starting out a conversation with "you assholes" usually doesn't lead to fruitful outcomes in the short, medium or long term.

EDIT: so yeah, fuck off, billyjoeallen.
chromosoma
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April 10, 2014, 06:29:56 AM

Mayday! Mayday!


JCviggen
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April 10, 2014, 06:30:11 AM

One of the banks told Huobi it is going to close their accounts in 1 week's time. Huobi acknowledged and it still has a few more banks working with it.

The question is what will happen in the next few days? Will it stop at 1 bank or will there be more to come?

Of course they will all dry up eventually - it would be entirely pointless of China to only tell a handful of banks to stop dealing with bitcoin sites leaving plenty of other banks available. They would either go after none of them, or all of them. Anything else is pointless.
jonoiv
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April 10, 2014, 06:33:21 AM

One of the banks told Huobi it is going to close their accounts in 1 week's time. Huobi acknowledged and it still has a few more banks working with it.

The question is what will happen in the next few days? Will it stop at 1 bank or will there be more to come?

Of course they will all dry up eventually - it would be entirely pointless of China to only tell a handful of banks to stop dealing with bitcoin sites leaving plenty of other banks available. They would either go after none of them, or all of them. Anything else is pointless.

Don't forget the National Australian Bank will close all bitcoin related accounts in May.
mooncake
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April 10, 2014, 06:33:34 AM

Of course they will all dry up eventually - it would be entirely pointless of China to only tell a handful of banks to stop dealing with bitcoin sites leaving plenty of other banks available. They would either go after none of them, or all of them. Anything else is pointless.

If so, we should expect more sell off.

Get some cheap BTC now, then sell them when Huobi announce similar news in the next few days.
Wary
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April 10, 2014, 06:33:39 AM

The number of personal insults in speculation subforums is at ATH. Is it bearish of bullish?
JorgeStolfi
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April 10, 2014, 06:35:21 AM

Thanks. Now anyone have a better translation? haha

This may help:
Fire coin = Huobi (Google Translate may insert other words between those two)
Fire currency = ditto
"user ICBC account withdrawals" = perhaps "withdrawals by users with an ICBC account"

I understand that their ICBC branch received at 10:00 an order from upper management to close Huobi's corporate account by April 18.  There is no room for negotiation. ICBC does not know about other banks, they may be delaying because of different interpretations etc.  Until the deadline Huobi can move money to other banks but not to other ICBC accounts. 
TeeBone
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April 10, 2014, 06:35:39 AM

Thanks. Now anyone have a better translation? haha

One of the banks told Huobi it is going to close their accounts in 1 week's time. Huobi acknowledged and it still has a few more banks working with it.

The question is what will happen in the next few days? Will it stop at 1 bank or will there be more to come?

I dont why anyone would expect anything except more closures. This should play out into next week, at least. This isnt a one-night event.

the TREND IS YOUR FRIEND, never forget.  Wink
KeyserSoze
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April 10, 2014, 06:36:51 AM

He ain't the CEO for nothing. What a silly question!

and how does the CEO stop this sell off?

If I knew that I'd be the CEO of Bitcoin. Rest assured he has given me his personal guarantee.
mah87
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April 10, 2014, 06:37:26 AM

OK SO EVERYONE REMEMBER WHEN I SAID IT WAS GOING UNDER 400 ? HERE WE GO SLOWLY BUT SURELY
chromosoma
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April 10, 2014, 06:37:57 AM

I think other banks in china dont know what to do, because  they also can't  translate it precise enough with google translate:))))
jonoiv
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April 10, 2014, 06:40:01 AM

Thanks. Now anyone have a better translation? haha

This may help:
Fire coin = Huobi (Google Translate may insert other words between those two)
Fire currency = ditto
"user ICBC account withdrawals" = perhaps "withdrawals by users with an ICBC account"

I understand that their ICBC branch received at 10:00 an order from upper management to close Huobi's corporate account by April 18.  There is no room for negotiation. ICBC does not know about other banks, they may be delaying because of different interpretations etc.  Until the deadline Huobi can move money to other banks but not to other ICBC accounts.  

the ICBC is the Industrial and Commercial Bank of China.  (state-owned ) in case anyone wondered.
jonoiv
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April 10, 2014, 06:42:09 AM

He ain't the CEO for nothing. What a silly question!

and how does the CEO stop this sell off?

If I knew that I'd be the CEO of Bitcoin. Rest assured he has given me his personal guarantee.

Cool!

His name will be mud pretty soon though, because I can't see $375 holding.
spiderbrain
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April 10, 2014, 06:44:20 AM

I think other banks in china dont know what to do, because  they also can't  translate it precise enough with google translate:))))
=D
mooncake
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April 10, 2014, 06:44:44 AM

Of course they will all dry up eventually - it would be entirely pointless of China to only tell a handful of banks to stop dealing with bitcoin sites leaving plenty of other banks available. They would either go after none of them, or all of them. Anything else is pointless.

I have seen enough in the BTC world that nothing is absolute.
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