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

[JorgeStolfi]

This Chinese article from 2014-06-10 seems to report some deal between blockchain.info and OKcoin:
http://3c.ycwb.com/2014-06/10/content_6936946.htm
Google Translate is not very helpful.  Any hints?

[JorgeStolfi]

For whatever it is worth (via Google Translate):

比特币两月狂涨80% 起死回生还是回光返照
Bitcoin two months shot up 80% to revive or supernatural
Sina Finance, 01:12 on June 5, 2014
http://finance.sina.com.cn/money/lczx/20140605/011219315838.shtml

[... ]
"Daily Economic News" reporter from the K -line pending Bitcoin Chinese market noticed from early April bitcoin lowest price 2419 yuan / BTC to June 3 up to 4211 yuan / BTC, or nearly 80 percent , yesterday afternoon, 18 point 19 points , bitcoin prices fell slightly to 3975.31 yuan / BTC.

Recently, Apple App shelves and allows the virtual currency Bitcoin Paris opened its first center in the industry have been interpreted as good news Bitcoin .

Bitcoin senior players Songhuan Ping told the " Daily Economic News" reporter , "My view is very simple, well bitcoin domestic development , particularly in the United States, Britain and other places. Law gradually clear , mining costs are increasing rapidly , Bitcoin directly raise the price . "

"Now Exchange , mining machines , payment, consulting and other fields have a lot of competition in these areas if all goes well , there will be a heavyweight domestic companies ." Songhuan Ping said.

However , a senior adviser to the Royal Bank of Canada by Chen into the "Daily Economic News" reporter , said Bitcoin market is still too small, the scale of billions of dollars , a few large easy to raise its price . If there is no volume prices, it is possible pitfalls. "The recent rise is clearly Bitcoin Makers eating short sellers , some of the people who lost a lot of short while before Bitcoin prices also plummeted dealer in the harvest. Bitcoin access to financial markets after more than a casino also black , flicker quite a few retail investors ."
[ ... ]

[fonzie]

For whatever it is worth (via Google Translate):

比特币两月狂涨80% 起死回生还是回光返照
Bitcoin two months shot up 80% to revive or supernatural
Sina Finance, 01:12 on June 5, 2014
http://finance.sina.com.cn/money/lczx/20140605/011219315838.shtml

[... ]
"Daily Economic News" reporter from the K -line pending Bitcoin Chinese market noticed from early April bitcoin lowest price 2419 yuan / BTC to June 3 up to 4211 yuan / BTC, or nearly 80 percent , yesterday afternoon, 18 point 19 points , bitcoin prices fell slightly to 3975.31 yuan / BTC.

Recently, Apple App shelves and allows the virtual currency Bitcoin Paris opened its first center in the industry have been interpreted as good news Bitcoin .

Bitcoin senior players Songhuan Ping told the " Daily Economic News" reporter , "My view is very simple, well bitcoin domestic development , particularly in the United States, Britain and other places. Law gradually clear , mining costs are increasing rapidly , Bitcoin directly raise the price . "

"Now Exchange , mining machines , payment, consulting and other fields have a lot of competition in these areas if all goes well , there will be a heavyweight domestic companies ." Songhuan Ping said.

However , a senior adviser to the Royal Bank of Canada by Chen into the "Daily Economic News" reporter , said Bitcoin market is still too small, the scale of billions of dollars , a few large easy to raise its price . If there is no volume prices, it is possible pitfalls. "The recent rise is clearly Bitcoin Makers eating short sellers , some of the people who lost a lot of short while before Bitcoin prices also plummeted dealer in the harvest. Bitcoin access to financial markets after more than a casino also black , flicker quite a few retail investors ."
[ ... ]

Summary: Short squeeze finished! Long squeeze is next. There is no new money that has entered the marked!

[Tzupy]

For whatever it is worth (via Google Translate):

比特币两月狂涨80% 起死回生还是回光返照
Bitcoin two months shot up 80% to revive or supernatural
Sina Finance, 01:12 on June 5, 2014
http://finance.sina.com.cn/money/lczx/20140605/011219315838.shtml

[... ]
"Daily Economic News" reporter from the K -line pending Bitcoin Chinese market noticed from early April bitcoin lowest price 2419 yuan / BTC to June 3 up to 4211 yuan / BTC, or nearly 80 percent , yesterday afternoon, 18 point 19 points , bitcoin prices fell slightly to 3975.31 yuan / BTC.

Recently, Apple App shelves and allows the virtual currency Bitcoin Paris opened its first center in the industry have been interpreted as good news Bitcoin .

Bitcoin senior players Songhuan Ping told the " Daily Economic News" reporter , "My view is very simple, well bitcoin domestic development , particularly in the United States, Britain and other places. Law gradually clear , mining costs are increasing rapidly , Bitcoin directly raise the price . "

"Now Exchange , mining machines , payment, consulting and other fields have a lot of competition in these areas if all goes well , there will be a heavyweight domestic companies ." Songhuan Ping said.

However , a senior adviser to the Royal Bank of Canada by Chen into the "Daily Economic News" reporter , said Bitcoin market is still too small, the scale of billions of dollars , a few large easy to raise its price . If there is no volume prices, it is possible pitfalls. "The recent rise is clearly Bitcoin Makers eating short sellers , some of the people who lost a lot of short while before Bitcoin prices also plummeted dealer in the harvest. Bitcoin access to financial markets after more than a casino also black , flicker quite a few retail investors ."
[ ... ]

Summary: Short squeeze finished! Long squeeze is next. There is no new money that has entered the marked!

While I agree with your conclusion based on charts, that translation is so bad that it made me dizzy while trying to understand it.

[jl2012]

This Chinese article from 2014-06-10 seems to report some deal between blockchain.info and OKcoin:
http://3c.ycwb.com/2014-06/10/content_6936946.htm
Google Translate is not very helpful.  Any hints?

The ex-"technical chief supervisor"* of Blockchain.info joins OKCoin

(* I don't know the exact title of his original position in blockchain.info. I just translate it literally)

[JorgeStolfi]

Well, Jed Caleb [ ... ] is also creator and co-owner of Gox (12% shares). And co-defendant with Karpeles in the trial.

I understand that Sunlot made a deal with the people who where suing Mark and Jed in te US, and they have withdrawn the lawsuit.  Also Sunlot claims that Jed (and Gay-Bouchery) have approved their plan, in exchange for being freed of any responsibility in the collapse.
https://bitcointalk.org/index.php?topic=587295.0
https://bitcointalk.org/index.php?topic=587295.msg6511936#msg6511936
They are rather ambiguos about what they will do with Mark, in particular if he will get a share of the recovered coins like any other client:
https://bitcointalk.org/index.php?topic=587295.msg6728528#msg6728528
(AFAIK, management always has the last priority in bankruptcy cases, even if there is no evidence of wrongdoing.)

[ChartBuddy]

Explanation

[Parazyd]

The poll was too bullish again.

[Bronstad]

The poll was too bullish again.

The week's not over yet  

[Parazyd]

The poll was too bullish again.

The week's not over yet 

Hope I'm wrong, but hardly... It's lame, boring and with a slightly downward trend.

[deadley]

The poll was too bullish again.

The week's not over yet  

But Market not, its just sideways.

[JorgeStolfi]

The ex-"technical chief supervisor"* of Blockchain.info joins OKCoin

Thanks!  It may be sign that they are progressing towards opening oversea operations, perhaps?

[ChartBuddy]

Explanation

[ChrisML]

The poll was too bullish again.

Because the rent, is too damn HIGH.

[keewee]

Where'd your post go hyphymikey? Did you see this on that site?

[hyphymikey]

Where'd your post go hyphymikey? Did you see this on that site?

Lol, I felt it was too off topic so I deleted it. And yeah I saw that one. Either someone is very generous at giving, that was a mistake, or he sent it to himself.

Here is mine. At least I got my hoard investment back!

http://bitcoinmegaphone.com/1BqL8sJ76nSHHiQKVJcQkZoYAUwr7D6UFB/

[seleme]

The one thing I hate about Bitcoin rising is fonzie inevitable come to post his shit each 2 minutes. Was so good without him while we were at bottom. What a sad fuck.

[birr]

Is sending USD to kraken so difficult?

If you live in US you can send them only BTC or other altcoins - I was surprised when they wrote me this and asked them again, but got another canned answer. They customer service is terrible, btw

Precisely, they did not write me it is the rule for people living in US, but that I cannot send them any USD based on my "address". I live in US, I am a citizen, sent them all required documents.

If you live in New Mexico, you can deposit USD on kraken.  Same for South Carolina and Montana, I believe.

[fonzie]

The one thing I hate about Bitcoin rising is fonzie inevitable come to post his shit each 2 minutes. Was so good without him while we were at bottom. What a sad fuck.

Don´t you worry my darling, the times of a rising Bitcoin is over!Resumed and prolonged bear market has just started! MIght take 2-3 weeks until we hit the new bottom.

[Torque]

The one thing I hate about Bitcoin rising is fonzie inevitable come to post his shit each 2 minutes. Was so good without him while we were at bottom. What a sad fuck.

Don´t you worry my darling, the times of a rising Bitcoin is over!Resumed and prolonged bear market has just started! MIght take 2-3 weeks until we hit the new bottom.

If you are so convinced of price dropping, then why the need to even come here and troll?  Oh wait...