aminorex
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Activity: 1596
Merit: 1029
Sine secretum non libertas
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June 23, 2014, 04:06:38 AM |
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So any idea why China is dumping hard? I find it hard to believe this happened without a reason.
My sources are saying that the ceos of all the major exchanges have been arrested. Citation needed. Think about it. That means that what was formerly the outside of the prison is now the inside of the prison. |
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There are several different types of Bitcoin clients. The most secure are full nodes like Bitcoin Core, which will follow the rules of the network no matter what miners do. Even if every miner decided to create 1000 bitcoins per block, full nodes would stick to the rules and reject those blocks.
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ShroomsKit
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June 23, 2014, 04:10:05 AM |
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Damn, China still going. There has to be some news coming soon.
I'm amazed Stamp only dropped 10 bucks so far. No real panic yet. But it's not over yet.
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JorgeStolfi
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June 23, 2014, 04:11:52 AM |
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So any idea why China is dumping hard? I find it hard to believe this happened without a reason.
In a finance article posted earlier today by @walsoraj, it said that the Chinese amateur speculators are getting disappointed with bitcoin and moving on to the next fad, IPO stocks -- which are becoming available again in China, after a moratorium. That could explain it, I think. |
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sidhujag
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Activity: 2044
Merit: 1005
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June 23, 2014, 04:36:03 AM |
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someone buying up low values alts on some exchanges... namely devcoin which got as low as 11 satoshi... they also bought nmc/ppc/ltc... dvc is at around 20 sats now and seems that more people are pouring in for a buying spree... new people getting into the alt investment game like I predicted... there should be a new wave of buying soon. https://vircurex.com/welcome/index?alt=btc&base=dvc&locale=en |
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Richy_T
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Activity: 2436
Merit: 2115
1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k
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June 23, 2014, 04:36:42 AM |
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So any idea why China is dumping hard? I find it hard to believe this happened without a reason.
I dunno. They haven't banned Bitcoin in a while. Perhaps it's just time for another. |
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Torque
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Activity: 3556
Merit: 5041
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June 23, 2014, 04:40:13 AM |
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Like I said, Stamp refuses to follow Huobi in the up direction, but seems to have no problem following them down.
Fkn bullshit market. I'm sure Stamp will be right back to $599.999999 soon.
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ShroomsKit
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June 23, 2014, 04:45:44 AM |
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So any idea why China is dumping hard? I find it hard to believe this happened without a reason.
I dunno. They haven't banned Bitcoin in a while. Perhaps it's just time for another. Yeah, why not. |
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ChartBuddy
Legendary
 Online
Activity: 2170
Merit: 1759
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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June 23, 2014, 05:00:48 AM |
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Nicholas-Carraway
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Activity: 150
Merit: 10
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June 23, 2014, 05:05:10 AM |
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Like I said, Stamp refuses to follow Huobi in the up direction, but seems to have no problem following them down.
Fkn bullshit market. I'm sure Stamp will be right back to $599.999999 soon.
In the wider view (since 6/16) we are just in a consolidation pattern with smaller and smaller price swings, and declining volume, even with tonight's sell off. FWIW, I put a bet in that the bias is up. |
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windjc
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Activity: 2156
Merit: 1070
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June 23, 2014, 05:19:57 AM |
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Like I said, Stamp refuses to follow Huobi in the up direction, but seems to have no problem following them down.
Fkn bullshit market. I'm sure Stamp will be right back to $599.999999 soon.
In the wider view (since 6/16) we are just in a consolidation pattern with smaller and smaller price swings, and declining volume, even with tonight's sell off. FWIW, I put a bet in that the bias is up. Well Torque, With the pending bitcoin sale by the government there is a lot of uncertainty in the market place right now. By all intents and purposes we "should" be going down on uncertainty, but instead it looks like we are consolidating right into the pending sale. That is bullish in my opinion. I hope we go a little lower - $550 anyone?? - before Friday, so I can pick some more before we test recent highs. We will see. |
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ChartBuddy
Legendary
Online
Activity: 2170
Merit: 1759
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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June 23, 2014, 06:00:48 AM |
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Bagatell
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June 23, 2014, 06:58:37 AM |
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I hope we go a little lower - $550 anyone?? - before Friday, so I can pick some more before we test recent highs.
Are there other any markets where investors want their holdings to be worth less (worthless)?  |
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ChartBuddy
Legendary
Online
Activity: 2170
Merit: 1759
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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June 23, 2014, 07:00:48 AM |
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akujin
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June 23, 2014, 07:14:21 AM |
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My huobi alarm turned on  |
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ShroomsKit
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June 23, 2014, 07:28:04 AM |
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And more dumping. What the hell! Still no idea why.
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ShroomsKit
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June 23, 2014, 07:30:07 AM |
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Bitstamp doesn't want to go down because obviously no one can find a good reason.
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fonzie
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June 23, 2014, 07:33:51 AM
Last edit: June 23, 2014, 07:48:29 AM by fonzie |
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BREAKING NEWS: USD SWAPS DEMAND IS NOT REAL! NOBODY WANTS TO BUY ALL THE BITCOINS!  http://www.reddit.com/r/BitcoinMarkets/comments/28twpj/manipulating_bfx_swaps_for_fun_and_profit_a_howto/"So even if you have only 1 bitcoin and an effective tradeable balance of $1000, you can just place a swap demand of $1000 a thousand times to give a wall of one million dollars. Give it a try, it costs nothing just to test it out. " Btw The BitFinex source code is based on the Bitcoinica source code.  |
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windjc
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Activity: 2156
Merit: 1070
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June 23, 2014, 07:39:27 AM |
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Thanks for the 6 and 18 month old information. Perhaps you can find us a movie trailer for White House Down and 21 Jump Street while you're at it. |
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fonzie
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June 23, 2014, 07:41:36 AM
Last edit: June 23, 2014, 08:37:45 AM by fonzie |
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Thanks for the 6 and 18 month old information. Perhaps you can find us a movie trailer for White House Down and 21 Jump Street while you're at it. First link is brand new you idiot! It´s actually about the present fake USD swaps demand wall, which people in here have been talking about in the last days. |
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windjc
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Activity: 2156
Merit: 1070
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June 23, 2014, 07:41:48 AM |
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I believe we are seeing the final bearish week for a while play out starting today. Don't know if its bearish enough for us to see $550, but I hope so. Got some orders waiting there.
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