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

[y3804]

New update from OKCoin (2014-05-01 08:46:08)

RE: CCB "Declaration on the Prohibition of the use of my bank account for Bitcoin transactions."

Hello, my colleagues have been responsible for the company and related verified. No problem, our account hasn't been cancelled. Please rest assured.

It looks like banks have put the statement online without cancelling a single account. All exchanges still allowing fiat deposits as usual.

[TERA]

New update from OKCoin (2014-05-01 08:46:08)

RE: CCB "Declaration on the Prohibition of the use of my bank account for Bitcoin transactions."

Hello, my colleagues have been responsible for the company and related verified. No problem, our account hasn't been cancelled. Please rest assured.

It looks like banks have put the statement online without cancelling a single account. All exchanges still allowing fiat deposits as usual.

Find specific accounts being used for bitcoin trading and then cancelling them is a task ahead of them that they have to do work for and perform. However, it is easy to simply post a statement. The May 10 deadline I believe is just a deadline to make statements and not actually close accounts.

[OldGeek]

+1

[OldGeek]

Ok, i'm giving everyone thumbs up to start buying. My crystall ball says it's time.

(Edit: please noobs, i no nothing more than anyone else, just messing around).

My crystal ball sees Bitcoin-Central as the next exchange to go belly-up. And, for those you love pork bellies or, for that matter, underage boys' bellies, here's another reason I suggest holding off buying for now: https://bitcointalk.org/index.php?topic=590970.0

Paymium's davout, Boussac and Grandval will soon be in damage control mode, meanwhile the media will be all over the paedo- who'll be at the helm of Mt Coxs. Looks like another busy week.

What?

Yes, What?  I don't know the personalities you write about.  A Cliff's notes version would be nice for me.

Looks like some personal witch hunt to me that won't affect the price whatsoever.

Yup.  Sounds the same to me.

[y3804]

New update from OKCoin (2014-05-01 08:46:08)

RE: CCB "Declaration on the Prohibition of the use of my bank account for Bitcoin transactions."

Hello, my colleagues have been responsible for the company and related verified. No problem, our account hasn't been cancelled. Please rest assured.

It looks like banks have put the statement online without cancelling a single account. All exchanges still allowing fiat deposits as usual.

Find specific accounts being used for bitcoin trading and then cancelling them is a task ahead of them that they have to do work for and perform. However, it is easy to simply post a statement. The May 10 deadline I believe is just a deadline to make statements and not actually close accounts.

I hope not. That would launch BTC to the moon again on May 10th

[OldGeek]

New update from OKCoin (2014-05-01 08:46:08)

RE: CCB "Declaration on the Prohibition of the use of my bank account for Bitcoin transactions."

Hello, my colleagues have been responsible for the company and related verified. No problem, our account hasn't been cancelled. Please rest assured.

It looks like banks have put the statement online without cancelling a single account. All exchanges still allowing fiat deposits as usual.

Find specific accounts being used for bitcoin trading and then cancelling them is a task ahead of them that they have to do work for and perform. However, it is easy to simply post a statement. The May 10 deadline I believe is just a deadline to make statements and not actually close accounts.

I hope not. That would launch BTC to the moon again on May 10th

I doubt that.  More likely it would mean more of the same crap until the next 'deadline'.

[derpinheimer]

Lookin good but need to see that bid sum start rising before I'll believe this is anything other than a bull trap.

[kuzza]

http://venturebeat.com/2014/04/29/mit-is-about-to-become-the-worlds-first-bitcoin-economy/

[TERA]

Always a bunch of this 'hot news' to fuel the bull trap.

[OldGeek]

Lookin good but need to see that bid sum start rising before I'll believe this is anything other than a bull trap.

If Tera is right with his TA (I don't know either way) this could be the prelude to the drop.

[ShroomsKit]

New update from OKCoin (2014-05-01 08:46:08)

RE: CCB "Declaration on the Prohibition of the use of my bank account for Bitcoin transactions."

Hello, my colleagues have been responsible for the company and related verified. No problem, our account hasn't been cancelled. Please rest assured.

It looks like banks have put the statement online without cancelling a single account. All exchanges still allowing fiat deposits as usual.

Great. So this shit can continue a few more months.

[y3804]

New update from OKCoin (2014-05-01 08:46:08)

RE: CCB "Declaration on the Prohibition of the use of my bank account for Bitcoin transactions."

Hello, my colleagues have been responsible for the company and related verified. No problem, our account hasn't been cancelled. Please rest assured.

It looks like banks have put the statement online without cancelling a single account. All exchanges still allowing fiat deposits as usual.

Great. So this shit can continue a few more months.

That's the plan. Kill all potential BTC investors by FUDing for a few months. Fuck you PBOC

[ChartBuddy]

Explanation

[chessnut]

ugh bears, there are relatively unlimited people to buy, and such limited amount of people to sell. the chinese will run out abruptly in the middle of your trend party.

[ShroomsKit]

New update from OKCoin (2014-05-01 08:46:08)

RE: CCB "Declaration on the Prohibition of the use of my bank account for Bitcoin transactions."

Hello, my colleagues have been responsible for the company and related verified. No problem, our account hasn't been cancelled. Please rest assured.

It looks like banks have put the statement online without cancelling a single account. All exchanges still allowing fiat deposits as usual.

Great. So this shit can continue a few more months.

That's the plan. Kill all potential BTC investors by FUDing for a few months. Fuck you PBOC

I don't know why exactly this is happening but i do know if they really wanted to stop this they could ban Bitcoin now and close all related bank accounts. But they won't because someone has an agenda here and is probably making a lot of money.

[ShroomsKit]

And this "rally" sucks. No volume. It already has problems breaking the tiny 460 wall.

[y3804]

I don't know why exactly this is happening but i do know if they really wanted to stop this they could ban Bitcoin now and close all related bank accounts. But they won't because someone has an agenda here and is probably making a lot of money.

Read this article

http://bitcoinblog.de/2014/04/28/chinese-banks-dont-know-how-to-act-appropriate-cause-bitcoin-is-too-tiny/

TL;DR Banks don't care about Bitcoin. They don't really give a sh** about closing the accounts. They find weird that PBOC is pressuring them over such a small issue. PBOC is having trouble closing the accounts and even had to send two of the second highest rank officials to interview the banks

You've probably already read it anyway. I agree, someone is making a lot of money behind the scenes

[ShroomsKit]

[uhoh]

Can't believe this PBOC shit is STILL going on. It's turning into a really unfunny joke.

[chessnut]

keep an eye on that channel.