Bitcoin Forum
October 31, 2024, 04:23:30 PM *
News: Bitcoin Pumpkin Carving Contest
 
   Home   Help Search Login Register More  
Poll
Question: When will BTC get back above $70K:
7/14 - 0 (0%)
7/21 - 1 (0.8%)
7/28 - 11 (9.1%)
8/4 - 16 (13.2%)
8/11 - 7 (5.8%)
8/18 - 6 (5%)
8/25 - 8 (6.6%)
After August - 72 (59.5%)
Total Voters: 121

Pages: « 1 ... 6227 6228 6229 6230 6231 6232 6233 6234 6235 6236 6237 6238 6239 6240 6241 6242 6243 6244 6245 6246 6247 6248 6249 6250 6251 6252 6253 6254 6255 6256 6257 6258 6259 6260 6261 6262 6263 6264 6265 6266 6267 6268 6269 6270 6271 6272 6273 6274 6275 6276 [6277] 6278 6279 6280 6281 6282 6283 6284 6285 6286 6287 6288 6289 6290 6291 6292 6293 6294 6295 6296 6297 6298 6299 6300 6301 6302 6303 6304 6305 6306 6307 6308 6309 6310 6311 6312 6313 6314 6315 6316 6317 6318 6319 6320 6321 6322 6323 6324 6325 6326 6327 ... 33868 »
  Print  
Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 26483921 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 3 users with 9 merit deleted.)
sonofliberty
Full Member
***
Offline Offline

Activity: 395
Merit: 100


Market Integration Platform


View Profile
May 06, 2014, 06:50:15 AM

CCMF
bobdude17
Sr. Member
****
Offline Offline

Activity: 454
Merit: 250



View Profile
May 06, 2014, 06:50:48 AM

Wouldn't it be funny if the Chinese authorities were just pissed at the exchanges for running shitty and making fake volume. Like we were.
TERA
Hero Member
*****
Offline Offline

Activity: 728
Merit: 500



View Profile
May 06, 2014, 06:51:48 AM

Is the random Chinese pump the ideal time to buy? I would think of that as the worst possible time to buy,  and the ideal time to buy would be when China is completely out of the system.
Davyd05
Hero Member
*****
Offline Offline

Activity: 574
Merit: 500


View Profile
May 06, 2014, 06:52:02 AM

...so when do you close the shorts Wind.. Tera do you even have a short open?

Just asking.. I know it requires a combination of volume and price change just wondering...

I am not closing my shorts. If we rally up I will add more.

You know I be asking for that rally point in $price D: ( slight thuggish voice while reading )
mooncake
Sr. Member
****
Offline Offline

Activity: 434
Merit: 250


View Profile
May 06, 2014, 06:52:10 AM

I don't see anything there about the PBOC saying anything...

This isn't "exchanges and pboc reach agreement". This is "exchanges write note to beg and plead PBOC one last time".

You obviously do not understand how Chinese business works.

Please enlighten us.

In China in general, you won't see announcements made public until privately parties have reached an agreement. There are exceptions of course, but judging from the content, the timing and the involved exchanges, it is highly possible there had been discussions with PBOC.
Stevenrm87
Sr. Member
****
Offline Offline

Activity: 403
Merit: 250


View Profile
May 06, 2014, 06:53:18 AM

LTC busting away!
mb300sd
Legendary
*
Offline Offline

Activity: 1260
Merit: 1000

Drunk Posts


View Profile WWW
May 06, 2014, 06:53:36 AM

Maybe the chinese are thinking, "this is my last chance to get into btc and out of cny!" and buying it all up Grin
BitAddict
Legendary
*
Offline Offline

Activity: 1190
Merit: 1001



View Profile
May 06, 2014, 06:53:45 AM

I don't see anything there about the PBOC saying anything...

This isn't "exchanges and pboc reach agreement". This is "exchanges write note to beg and plead PBOC one last time".

You obviously do not understand how Chinese business works.

Please enlighten us.

In China in general, you won't see announcements made public until privately parties have reached an agreement. There are exceptions of course, but judging from the content, the timing and the involved exchanges, it is highly possible there had been discussions with PBOC.

That is what you want to think.
The reallity is that we don't know anything. Just trying to gamble guessing.
Davyd05
Hero Member
*****
Offline Offline

Activity: 574
Merit: 500


View Profile
May 06, 2014, 06:53:50 AM

Is the random Chinese pump the ideal time to buy? I would think of that as the worst possible time to buy,  and the ideal time to buy would be when China is completely out of the system.

some how.. the part about China being complete out makes me think you're delusional, if not completely blind.
N12
Donator
Legendary
*
Offline Offline

Activity: 1610
Merit: 1010



View Profile
May 06, 2014, 06:54:58 AM

Is the random Chinese pump the ideal time to buy? I would think of that as the worst possible time to buy,  and the ideal time to buy would be when China is completely out of the system.
I suppose it will be a while longer until the rest close down due to unprofitability or get raided if they continue trying to circumvent the PBOC's decrees.
TERA
Hero Member
*****
Offline Offline

Activity: 728
Merit: 500



View Profile
May 06, 2014, 06:55:09 AM

Is the random Chinese pump the ideal time to buy? I would think of that as the worst possible time to buy,  and the ideal time to buy would be when China is completely out of the system.

some how.. the part about China being complete out makes me think you're delusional, if not completely blind.
it is in future tense
Davyd05
Hero Member
*****
Offline Offline

Activity: 574
Merit: 500


View Profile
May 06, 2014, 06:56:00 AM

I don't see anything there about the PBOC saying anything...

This isn't "exchanges and pboc reach agreement". This is "exchanges write note to beg and plead PBOC one last time".

You obviously do not understand how Chinese business works.

Please enlighten us.

In China in general, you won't see announcements made public until privately parties have reached an agreement. There are exceptions of course, but judging from the content, the timing and the involved exchanges, it is highly possible there had been discussions with PBOC.

finally my international business course pays off...well it payed of when I stopped thinking the way I see it done locally is the way I should expect the rest of the world to do things lol
windjc
Legendary
*
Offline Offline

Activity: 2156
Merit: 1070


View Profile
May 06, 2014, 06:57:59 AM

I don't see anything there about the PBOC saying anything...

This isn't "exchanges and pboc reach agreement". This is "exchanges write note to beg and plead PBOC one last time".

You obviously do not understand how Chinese business works.

Please enlighten us.

In China in general, you won't see announcements made public until privately parties have reached an agreement. There are exceptions of course, but judging from the content, the timing and the involved exchanges, it is highly possible there had been discussions with PBOC.

I'm sorry. Are you Chinese? Do you live in China? What qualifications do you have to assume this?

I for one think that if they did reach an agreement, that BANKS WOULDN'T BE SHUTTING DOWN THEIR ACCOUNTS TODAY and they wouldn't be tweeting about banks shutting down their accounts.
xulescu
Sr. Member
****
Offline Offline

Activity: 263
Merit: 250


View Profile
May 06, 2014, 06:59:26 AM

I don't see anything there about the PBOC saying anything...

This isn't "exchanges and pboc reach agreement". This is "exchanges write note to beg and plead PBOC one last time".

You obviously do not understand how Chinese business works.

Please enlighten us.

In China in general, you won't see announcements made public until privately parties have reached an agreement. There are exceptions of course, but judging from the content, the timing and the involved exchanges, it is highly possible there had been discussions with PBOC.

I'm sorry. Are you Chinese? Do you live in China? What qualifications do you have to assume this?

I for one think that if they did reach an agreement, that BANKS WOULDN'T BE SHUTTING DOWN THEIR ACCOUNTS TODAY and they wouldn't be tweeting about banks shutting down their accounts.

+1

I'm sure the tweet is just manipulation though </sarc>
Davyd05
Hero Member
*****
Offline Offline

Activity: 574
Merit: 500


View Profile
May 06, 2014, 06:59:49 AM

Is the random Chinese pump the ideal time to buy? I would think of that as the worst possible time to buy,  and the ideal time to buy would be when China is completely out of the system.

some how.. the part about China being complete out makes me think you're delusional, if not completely blind.
it is in future tense

clearly your point is that there will be no Bitcoin Exchange run domestically in China right?
I am saying I highly doubt every Chinese soul will want to rid themselves of bitcoin
ChartBuddy
Legendary
*
Offline Offline

Activity: 2352
Merit: 1802


1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ


View Profile
May 06, 2014, 07:00:58 AM


Explanation
TERA
Hero Member
*****
Offline Offline

Activity: 728
Merit: 500



View Profile
May 06, 2014, 07:02:19 AM

Is the random Chinese pump the ideal time to buy? I would think of that as the worst possible time to buy,  and the ideal time to buy would be when China is completely out of the system.

some how.. the part about China being complete out makes me think you're delusional, if not completely blind.
it is in future tense

clearly your point is that there will be no Bitcoin Exchange run domestically in China right?
I am saying I highly doubt every Chinese soul will want to rid themselves of bitcoin
There would be nothing along the likes of huobi, btcchina, okcoin, etc.  There might be some small bucket shops with 100btc per day of volume whose sole purpose is for the every day person to buy a bitcoin, and not to be a daytrading exchange.
mooncake
Sr. Member
****
Offline Offline

Activity: 434
Merit: 250


View Profile
May 06, 2014, 07:02:22 AM

I for one think that if they did reach an agreement, that BANKS WOULDN'T BE SHUTTING DOWN THEIR ACCOUNTS TODAY and they wouldn't be tweeting about banks shutting down their accounts.

Well, the boss must show that she is the boss. Otherwise, how will people respect her?
JayJuanGee
Legendary
*
Online Online

Activity: 3892
Merit: 11100


Self-Custody is a right. Say no to"Non-custodial"


View Profile
May 06, 2014, 07:05:16 AM

I am just going to view this bear phase as the accumulation phase...as that really seems to be underlying theme...


You accumulate better if you short from time to time Wink

Yes, in theory shorting could be profitable.  However, NOT a good time to short now b/c BTC prices seem to be way below the BTC price trend line.

In this regard, it can be good to short when btc prices are above the trend line and to buy when btc prices are below the trendline. 

Certainly, we have a variety of views concerning where is the trendline, exactly. 

Personally, I am NOT very sophisticated in my trading, but I would put the current BTC trendline in the $650 to $850 arena.  I have seen others making claims that the btc trend line is much higher than what I am saying.  You could also assess the BTC trendline to be much lower; nonetheless, at $425-ish, in many accounts of the trendline, we are still much below the trendline..

IN sum, this particular moment does NOT appear to be a good time to short - absent some certain news that BTC prices are going to go down by 5-15%.  i have NOT seen any such news, even though I have seen considerable fear mongering in that direction to suggest that for sure BTC prices are going down.  I remain NOT very confident in such a prediction.

Do not try and bend the trendline. That's impossible. Instead only try to realize the truth.
What truth?
There is no trendline.

A trendline, to the extent to which it exists, becomes more apparent after the passage of time, and you could be correct that there is NO trendline.  I am putting my money on that there is a trendline and BTC prices are going to move up.

How about you?  Are you putting any money into BTC? 

So far, I am NOT putting more money into BTC than I am willing to lose, but I am putting in more than I had originally planned to put in.... The reason that I am putting more into BTC is b/c I am more informed about bitcoin today than I was 5 months ago.







windjc
Legendary
*
Offline Offline

Activity: 2156
Merit: 1070


View Profile
May 06, 2014, 07:08:01 AM

So basically the 5 major exchanges have all agreed to tax HFT (which I assume would be a HUGE disincentive), to agree with all banks account bans, and to cut off leveraged trading.

So, in effect, aside from losing their bank accounts, the exchanges are now going to take away most of the incentives Chinese have to trade bitcoin.

So, I would assume this means that any Chinese person who has money invested in bitcoin because they simply want to trade it will now have reasons to pack their fiat bags and go home or into another market, and those that simply want to hold will stay.
Pages: « 1 ... 6227 6228 6229 6230 6231 6232 6233 6234 6235 6236 6237 6238 6239 6240 6241 6242 6243 6244 6245 6246 6247 6248 6249 6250 6251 6252 6253 6254 6255 6256 6257 6258 6259 6260 6261 6262 6263 6264 6265 6266 6267 6268 6269 6270 6271 6272 6273 6274 6275 6276 [6277] 6278 6279 6280 6281 6282 6283 6284 6285 6286 6287 6288 6289 6290 6291 6292 6293 6294 6295 6296 6297 6298 6299 6300 6301 6302 6303 6304 6305 6306 6307 6308 6309 6310 6311 6312 6313 6314 6315 6316 6317 6318 6319 6320 6321 6322 6323 6324 6325 6326 6327 ... 33868 »
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!