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

[jonoiv]

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]

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]

Mayday! Mayday!

[JCviggen]

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]

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]

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]

The number of personal insults in speculation subforums is at ATH. Is it bearish of bullish?

[JorgeStolfi]

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]

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. 

[KeyserSoze]

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]

OK SO EVERYONE REMEMBER WHEN I SAID IT WAS GOING UNDER 400 ? HERE WE GO SLOWLY BUT SURELY

[chromosoma]

I think other banks in china dont know what to do, because  they also can't  translate it precise enough with google translate:))))

[jonoiv]

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]

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]

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]

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.

[solex]

the TREND IS YOUR FRIEND, never forget. 

The trend is your friend until the bend in the end!

Still surprised that the Chinese TBTF banks are closing bitcoin associated accounts, but the advantage is that it will draw a line under the China FUD when complete. Also explains why Huobi was making noises about wanting to expand offshore. Now they will probably want to fully relocate offshore. The big question now is whether Hong Kong is insulated from PBOCs anti-Bitcoin directives.

[billyjoeallen]

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.

Ouch. How much have you lost so far? 

[chromosoma]

Sorry guys, i feel so guilty. I think the whole Bitcoin collapse is because of me. I  decided to join  BTC at the end of Dec 2013, and plugged my  four Antminer U1  in  the   first January week.
That is why BTC is collapsing  from this point.
It always happens to me:(

Few months ago i also wanted to  visit Ukraine...

[keithers]

Sorry guys, i feel so guilty. I think the whole Bitcoin collapse is because of me. I  decided to join  BTC at the end of Dec 2013, and plugged my  four Antminer U1  in  the   first January week.
That is why BTC is collapsing  from this point.
It always happens to me:(

Few months ago i also wanted to  visit Ukraine...

You ruined it for all of us! JK