el_rlee
Legendary
 Offline
Activity: 1600
Merit: 1014
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April 25, 2014, 03:49:14 AM |
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Alipay is huge. It's Alibaba's payment network - if you don't have a clue google "Alibaba IPO" so you get an idea...
If that's all the drop that news caused the China FUD time is officially over.
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Davyd05
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April 25, 2014, 03:50:05 AM |
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People have been on that manip tip, and who'd stop when sheep still flock.
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JorgeStolfi
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April 25, 2014, 03:50:32 AM |
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Hm, this looks serious. The Alipay news may have been just one of the consequences of that new "clarification" by the PBoC (and other agencies). |
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shmadz
Legendary
Offline
Activity: 1512
Merit: 1000
@theshmadz
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April 25, 2014, 03:51:18 AM |
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someone wanna tell Canada about this dump?  I want my bids eaten too ya know! |
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JorgeStolfi
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April 25, 2014, 03:51:51 AM |
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How much is SecondMarket scooping up?
There is a guy monitoring them here. EDIT: they now have 104'000 BTC, buying is erratic. Was 60'000 in November, 80'000 in February. |
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bobdude17
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April 25, 2014, 03:52:28 AM |
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I don't want to jinx it here...but if we manage to recover from the drop quickly we could be looking at another "Silk Road" cash scenario.
At the time people thought the Silk Road was the cornerstone of the bitcoin economy as well.
edit : I do realize that we were in a bit stronger uptrend at the time of the SR crash.
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Richy_T
Legendary
Offline
Activity: 2450
Merit: 2126
1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k
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April 25, 2014, 03:52:37 AM |
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derpinheimer
Legendary
Offline
Activity: 896
Merit: 1000
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April 25, 2014, 03:53:15 AM |
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someone wanna tell Canada about this dump? I want my bids eaten too ya know! You guys are right on target -- currently ~477USD when Bitstamp is $475 USD |
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seleme
Legendary
Offline
Activity: 2772
Merit: 1028
Duelbits.com
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April 25, 2014, 03:53:38 AM |
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someone wanna tell Canada about this dump? I want my bids eaten too ya know!  |
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ShroomsKit
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April 25, 2014, 03:54:09 AM |
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It would be awesome if Huobi can't be funded anymore. It wouldn't cause completely fucking panic as China completely banning Bitcoin would and the volume will be near 0. Bitstamp will stop following China. Perfect solution.
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JorgeStolfi
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April 25, 2014, 03:54:48 AM |
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I don't want to jinx it here...
Well, the 1d charts give another perspective...  |
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wachtwoord
Legendary
Offline
Activity: 2324
Merit: 1125
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April 25, 2014, 03:55:03 AM |
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I don't want to jinx it here...but if we manage to recover from the drop quickly we could be looking at another "Silk Road" cash scenario.
At the time people thought the Silk Road was the cornerstone of the bitcoin economy as well.
Yes that was nice and ironic and people who dumped were crying pretty hard at the time. |
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seleme
Legendary
Offline
Activity: 2772
Merit: 1028
Duelbits.com
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April 25, 2014, 03:57:10 AM |
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We had several Silkroads with China already  |
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shmadz
Legendary
Offline
Activity: 1512
Merit: 1000
@theshmadz
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April 25, 2014, 03:58:05 AM |
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bring it on, my bids are waiting. below 300? I have lost my appetite. |
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seleme
Legendary
Offline
Activity: 2772
Merit: 1028
Duelbits.com
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April 25, 2014, 04:00:58 AM |
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bring it on, my bids are waiting. below 300? I have lost my appetite. Wonder how this would reflect on mining business if the news they want to stop mining hardware transactions too are true. They are top in that department too. |
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dannyspk
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April 25, 2014, 04:01:51 AM |
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I think we'll be testing 450's again. This is pretty much where it should end.
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ShroomsKit
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April 25, 2014, 04:02:25 AM |
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Someone please tell me there are no new "deadlines" this time. I don't think i can handle that shit again.
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Davyd05
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April 25, 2014, 04:03:36 AM |
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I think we'll be testing 450's again. This is pretty much where it should end.
it'll take as long as it likes. pick up coins if you like. |
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chessnut
Legendary
Offline
Activity: 924
Merit: 1001
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April 25, 2014, 04:03:52 AM |
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I think we'll be testing 450's again. This is pretty much where it should end.
I dont think 450 is strong enough to hold this back. fundamentally, and technically. next stop is likely 400, that will give a good fight. much more price history there, and a fib retracement of the impulsive wave. |
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dannyspk
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April 25, 2014, 04:05:44 AM |
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I think we'll be testing 450's again. This is pretty much where it should end.
it'll take as long as it likes. pick up coins if you like. Shorted at $480 and picked them up at $460. 10 coins only. Not playing China's game again. |
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