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

[nidhogg1]

Why would there not be a round the clock liquidation on Huobi if this is the end for the Chinese?

Because that would drive the price down too far and result in loss for the sellers. Its much better to dump little by little and let the market re-stabilize inbetween. There is no hurry so far the deadline is still some days away

[roslinpl]

Explanation

It is here and it is ~alright
I am going to sleep so I want to wake up @800.


Good nite

[kryptopojken]

such war many casualties wow

[kryptopojken]

risto are you the one buying?

[adamstgBit]

a lot of action on stamp now

theres been lots of action

solid volume.

now i'm drinking hot brandy tea

looks like we're moving up

 

[Tyson95]

a lot of action on stamp now

theres been lots of action

solid volume.

now i'm drinking hot brandy tea

looks like we're moving up

 

This happened 4 hours ago, the guy doing this is gonna need a lot of help.

[lemonte]

Why would there not be a round the clock liquidation on Huobi if this is the end for the Chinese?

Because that would drive the price down too far and result in loss for the sellers. Its much better to dump little by little and let the market re-stabilize inbetween. There is no hurry so far the deadline is still some days away

What date is this deadline? Need to make sure to pop it in my calendar. Might as well set it as a reoccurring entry these days!

[adamstgBit]

Why would there not be a round the clock liquidation on Huobi if this is the end for the Chinese?

Because that would drive the price down too far and result in loss for the sellers. Its much better to dump little by little and let the market re-stabilize inbetween. There is no hurry so far the deadline is still some days away

What date is this deadline? Need to make sure to pop it in my calendar. Might as well set it as a reoccurring entry these days!

lol

[bitdig]

Sleep well, it might take a month or even two

Explanation

It is here and it is ~alright
I am going to sleep so I want to wake up @800.


Good nite

[isov]

Why would there not be a round the clock liquidation on Huobi if this is the end for the Chinese?

Because that would drive the price down too far and result in loss for the sellers. Its much better to dump little by little and let the market re-stabilize inbetween. There is no hurry so far the deadline is still some days away

What date is this deadline? Need to make sure to pop it in my calendar. Might as well set it as a reoccurring entry these days!

lol

What is this. like fucking fourth deadline by China already?? C'mon guys lets not do this anymore. You know the saying: "Fool me once, shame on you. Fool me twice, shame on me."

[dreamspark]

What happens if theres literally no money left on Huobi, will they let the price fall to double digits or would they halt trading?

[adamstgBit]

Why would there not be a round the clock liquidation on Huobi if this is the end for the Chinese?

Because that would drive the price down too far and result in loss for the sellers. Its much better to dump little by little and let the market re-stabilize inbetween. There is no hurry so far the deadline is still some days away

What date is this deadline? Need to make sure to pop it in my calendar. Might as well set it as a reoccurring entry these days!

lol

What is this. like fucking fourth deadline by China already?? C'mon guys lets not do this anymore. You know the saying: "Fool me once, shame on you. Fool me twice, shame on me."

china news wes totally FUDed to no end

the deadline was completely made up

to me it looks like china gov is simply throwing a lot of regulation around bitcoin...  I can see them forcing exchange to hong kong, but they probably realize thats kinda pointless and thats why they are content with tight regulation. but what do i know.

[TERA]

No this is actually NEW China news this time:  They want to take down recharge codes and other deposit options, and before it was just bank transfers. For the first time, the situation is actually significantly worse now than it was in was in December. For a while we thought that Chinese exchanges would be able to continue doing volume by using alternative payment methods but now it is turning into a complete cut-off. I bet btcchina's ATMs will be taken down.

[adamstgBit]

oh well its gonna be very hard to buy in china... didnt see that one coming form a mile away.

[ChartBuddy]

Explanation

[shmadz]

here's a question for you guys.

if china had never even let those exchanges start up in the first place, would the price be higher today? or lower?

[adamstgBit]

here's a question for you guys.

if china had never even let those exchanges start up in the first place, would the price be higher today? or lower?

its hard to say.

that in of it itself says something 

[JayJuanGee]

risto are you the one buying?

I suspect he is NOT buying at any point above $370 - just speculation on my part. 

But Risto is NOT going to disclose, exactly what is his buy point... which is fine.  NO problem with that.

[JorgeStolfi]

What date is this deadline? Need to make sure to pop it in my calendar. Might as well set it as a reoccurring entry these days!

There seems to be a May 10th deadline, not sure for what exactly:

某大型商业银行人士也向记者证实了央行的上述要求，并指出，在派员参加约谈之前，该行已经进行了全面排查，确认自身没有违规问题，但从约谈后央行提 供的帐户信息看，该银行有多个地区的分行违规开立了帐户。“违规的情况令人震惊，央行掌握的帐户信息比我们自己还清楚，央行的决心也比我们预想的要大得 多。”该人士表示。

Central bank asked all commercial banks and third-party payment agencies before May 10 , " Beijing Bitcoin International Summit" held to convey to the public that it no longer provides financial services to any Bitcoin transaction attitudes guide people away from Bitcoin transactions.

[ShroomsKit]

here's a question for you guys.

if china had never even let those exchanges start up in the first place, would the price be higher today? or lower?

What makes you think anybody here can answer that. Take a guess. It's the only thing you can do.