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

[aminorex]

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.

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[JorgeStolfi]

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... 

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]

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]

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

[sidhujag]

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 in 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.

They have already been hedging in metals since the tax on buying it and inporting it was lifted. However with crooks like jpm et all able to short it with unlimited quantity driving real asset prices down I think many chinese see this as an oppurtunity for bitcoin.

[jonoiv]

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.

true!

It always the case, that last pump all the bull were over the moon.  Most others knew what was coming  

[lynn_402]

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.

That's probably the biggest quantity of metaphores in one sentence that Bitcointalk has ever seen. Wow.

[ChartBuddy]

Explanation

[KFR]

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.

Sometimes you're worth the price of admission alone.

[Bitcoin_is_here_to_stay]

It took a bit longer than I thought, but is just happening now.

[dunchy]

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.

My name is Dunchy and I am a hodler.

I approve of this statement.

[JayJuanGee]

Adam (are you still here ?), if you don't got ideas for a new poll I suggest something like that :

"How many time bitcoin will be banned in China ?" answers may be 4, 5, 6, 7 and so on.
You could also formulate it as "How many times China's deadline will be pushed ?" since it's funny how "dead-line" is antinomic in this sentence

Note : I may have lost the count so I'm not sure about the '4' answer !

I speculate that Adam has abandoned this thread until either 4/19 or 4/20 - coincidentally at the end of the poll.   

[Walsoraj]

http://www.reddit.com/r/Bitcoin/comments/23a26k/breaking_remove_your_btc_from_localbitcoins/

This + more bad news out of china = single digits by friday.

[aminorex]

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 in 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.

You make that sound like a bad thing.  In fact it was an amazingly good thing. It worked really well, and accomplished what it was intended to accomplish.  Now that game is over and it's time for the next game.  Whether they can manage the transition or not is unproven.  Whether they can play the next game as well as they played the previous game is unproven.  But they definitely won the last round.

[ChrisML]

http://www.reddit.com/r/Bitcoin/comments/23a26k/breaking_remove_your_btc_from_localbitcoins/

This + more bad news out of china = single digits by friday.

Since when did you start spreading bs talk? Have you been shorting on the last rally, butthurt right now?

Jesus.

[ChartBuddy]

Explanation

[Adrian-x]

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 in 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.

You make that sound like a bad thing.  In fact it was an amazingly good thing. It worked really well, and accomplished what it was intended to accomplish.  Now that game is over and it's time for the next game.  Whether they can manage the transition or not is unproven.  Whether they can play the next game as well as they played the previous game is unproven.  But they definitely won the last round.

This x 7,billion
It's the evolution of things not just China but the whole world has to wean off fiat, our very survival depends on it.

[EuroTrash]

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 in 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.

You make that sound like a bad thing.  In fact it was an amazingly good thing. It worked really well, and accomplished what it was intended to accomplish.  Now that game is over and it's time for the next game.  Whether they can manage the transition or not is unproven.  Whether they can play the next game as well as they played the previous game is unproven.  But they definitely won the last round.

+1

[toxic0n]

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.

I thought you predicated that Bitcoin will be worth almost nothing in June? I guess the prices "are not real" in your mind? Or are we still on track for a big crash?

[YogoH]

Houbi is now accepting 3rd party deposits just announced on their site.

http://www.huobi.com/news/index.php?a=show_notice&id=323&lang=en