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Question: How far will this leg take us?
$110K - 9 (8.3%)
$120K - 19 (17.6%)
$130K - 17 (15.7%)
$140K - 9 (8.3%)
$150K - 19 (17.6%)
$160K - 2 (1.9%)
$170K+ - 33 (30.6%)
Total Voters: 108

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 26837303 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 1 users with 9 merit deleted.)
roslinpl
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April 17, 2014, 03:34:01 PM

not sure why the people weren't expecting those accounts from OKcoin or atleast Huobi to close.. they stated they would be closing certain accounts, not sure which totally but...yeah w/e 500 seems stronger than before but we shall see.

What amazes me is that BTCChina has not published news about their bank accounts closing.

because this is another rumor perhaps which is senseless ...
p0peji
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April 17, 2014, 03:38:35 PM

not sure why the people weren't expecting those accounts from OKcoin or atleast Huobi to close.. they stated they would be closing certain accounts, not sure which totally but...yeah w/e 500 seems stronger than before but we shall see.

What amazes me is that BTCChina has not published news about their bank accounts closing.

because this is another rumor perhaps which is senseless ...


I dont think that Huobi and Okcoin will publish rumors that might hurt their business on their main page, if you are still thinking this is just a rumor you are very ignorant.
igorr
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April 17, 2014, 03:40:12 PM

This is just manipulation with price, you can check at http://bitcoinity.org/markets,
Huobi and Bitstamp, for 5 days purchased over 500k bitcoins,
It is so funny, 500k bitcoins for 4 days, and after that for next 4 days purchased less of 10k bitcoins.

It is BIG manipulation with prices, Just check and compare volume and time, it not real.
Davyd05
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April 17, 2014, 03:40:41 PM

not sure why the people weren't expecting those accounts from OKcoin or atleast Huobi to close.. they stated they would be closing certain accounts, not sure which totally but...yeah w/e 500 seems stronger than before but we shall see.

What amazes me is that BTCChina has not published news about their bank accounts closing.

because this is another rumor perhaps which is senseless ...


I dont think that Huobi and Okcoin will publish rumors that might hurt their business on their main page, if you are still thinking this is just a rumor you are very ignorant.

its not a rumor.. it just been addressed ahead of time, in the last statements they made...I don't know why you're trying to make this sound like something new.

oh right you're trolling lol
p0peji
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April 17, 2014, 03:41:15 PM

This is just manipulation with price, you can check at http://bitcoinity.org/markets,
Huobi and Bitstamp, for 5 days purchased over 500k bitcoins,
It is so funny, 500k bitcoins for 4 days, and after that for next 4 days purchased less 10k bitcoins.

It is BIG manipulation with prices, Just check and compare volume and time, it not real.

That would explain the 0% fee, just to get a lot of actual volume in to hide their manipulation.
roslinpl
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April 17, 2014, 03:41:36 PM

not sure why the people weren't expecting those accounts from OKcoin or atleast Huobi to close.. they stated they would be closing certain accounts, not sure which totally but...yeah w/e 500 seems stronger than before but we shall see.

What amazes me is that BTCChina has not published news about their bank accounts closing.

because this is another rumor perhaps which is senseless ...


I dont think that Huobi and Okcoin will publish rumors that might hurt their business on their main page, if you are still thinking this is just a rumor you are very ignorant.

Agree. Huobi wont do such a stupid thing as he know how to help himself and rumors might harm him too a lot.
dreamspark
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April 17, 2014, 03:45:20 PM

Or they operate a 0% fees as a different business model.

The ceo of Huobi addressed this and explained how they make money.
igorr
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April 17, 2014, 03:45:36 PM

This is just manipulation with price, you can check at http://bitcoinity.org/markets,
Huobi and Bitstamp, for 5 days purchased over 500k bitcoins,
It is so funny, 500k bitcoins for 4 days, and after that for next 4 days purchased less 10k bitcoins.

It is BIG manipulation with prices, Just check and compare volume and time, it not real.

That would explain the 0% fee, just to get a lot of actual volume in to hide their manipulation.

It is just artificial pump bitcoin prices, before the next stroke.
Davyd05
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April 17, 2014, 03:50:48 PM

What I could really go for but sounds like a huge long shot is that Stamp decouples...from the Chinese exchanges.
dreamspark
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April 17, 2014, 03:50:54 PM

How do people think the liquidation of gox coins will effect the market ?
magicmexican
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April 17, 2014, 03:53:03 PM

How do people think the liquidation of gox coins will effect the market ?


Given it will take a year or more, i dont think its something to be worried about
dreamspark
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April 17, 2014, 03:53:33 PM

What I could really go for but sounds like a huge long shot is that Stamp decouples...from the Chinese exchanges.

How would that work? If Stamp shot off then the arbers would just buy coins on Houbi and dump them on Stamp...
Davyd05
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April 17, 2014, 03:56:22 PM

What I could really go for but sounds like a huge long shot is that Stamp decouples...from the Chinese exchanges.

How would that work? If Stamp shot off then the arbers would just buy coins on Houbi and dump them on Stamp...

Well then the Chinese would have to prove how many coins the fake volume represents.
ChartBuddy
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April 17, 2014, 04:00:19 PM


Explanation
JorgeStolfi
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April 17, 2014, 04:08:03 PM

What I could really go for but sounds like a huge long shot is that Stamp decouples...from the Chinese exchanges.
How would that work? If Stamp shot off then the arbers would just buy coins on Houbi and dump them on Stamp...
Well then the Chinese would have to prove how many coins the fake volume represents.
They have been proving that since last October.  They are proving it right now...  Sad
Davyd05
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April 17, 2014, 04:10:41 PM

What I could really go for but sounds like a huge long shot is that Stamp decouples...from the Chinese exchanges.
How would that work? If Stamp shot off then the arbers would just buy coins on Houbi and dump them on Stamp...
Well then the Chinese would have to prove how many coins the fake volume represents.
They have been proving that since last October.  They are proving it right now...  Sad
what are they proving right now Jorge, that they have the coins.. or the volume is fake?
aminorex
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April 17, 2014, 04:12:40 PM

that floating deadline moving around each time we are getting close did lost its literal meaning and may be refered more as "sword of Damocles" that a dead line.

For a hodler, watching China FUDgasms is like being crucified on a procrustean bed of gordian knots cleft by the sword of damocles in the depths of the augean stables.
JorgeStolfi
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April 17, 2014, 04:14:35 PM

What I could really go for but sounds like a huge long shot is that Stamp decouples...from the Chinese exchanges.
How would that work? If Stamp shot off then the arbers would just buy coins on Houbi and dump them on Stamp...
Well then the Chinese would have to prove how many coins the fake volume represents.
They have been proving that since last October.  They are proving it right now...  Sad
what are they proving right now Jorge, that they have the coins.. or the volume is fake?
Please look at the charts and draw your own conclusions.
billyjoeallen
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April 17, 2014, 04:24:34 PM
Last edit: April 17, 2014, 07:55:43 PM by billyjoeallen

I've been doing some research on the macroeconomic conditions in China and they are not looking good. What that means for Bitcoin is unknown of course, because it depends on how badly the Chi-Coms and the PBoC react to it, and whether the flight to safety such as bonds, PMs and cash will include bitcoin.

http://www.zerohedge.com/news/2014-04-16/richest-man-asia-selling-everything-china

There is a high probability that China will crank up the printing presses. Poor(er) Chinese will either use Bitcoin as a hedge on inflation, use more traditional precious metals, or they will be too broke to hedge at all. Chinese capital is invested in all the wrong places. This was the inevitable consequence of their neo-mercantilist foreign trade policy, as it was for Japan and every other country that tried it.





Davyd05
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April 17, 2014, 04:31:25 PM

Stamp dump volume growing.. I still think its a bear trap. Perhaps a really clever one. But nobody really knows.
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