Wall Observer - China wall movement tracker

[jl2012]

Breaking news: Baidu (NASDAQ:BIDU) accepts BITCOIN!

https://bitcointalk.org/index.php?topic=310962.0

a whole 0.0008543 BTC so far

True, but one has to give it time, and the PR value by itself is probably non-trivial in terms of getting other companies to take the plunge in the future.  Most people are trend followers and and not trend setters, and thus only adopt ideas after they've been vetted by larger third parties.  That piece of the puzzle is now in place, this is the Chinese equivalent of the Wordpress announcement, not a big deal in terms of transaction volume but perhaps a big milestone on the road to becoming mainstream.

Given the context, seems appropriate to quote a wise Chinese philosopher:

a journey of a thousand miles begins with a single step

(even though I doubt they used British distance units in 600BC China...)

That's Chinese mile, not British mile  https://en.wikipedia.org/wiki/Li_(unit)

[jl2012]

True, but one has to give it time, and the PR value by itself is probably non-trivial in terms of getting other companies to take the plunge in the future.  Most people are trend followers and and not trend setters, and thus only adopt ideas after they've been vetted by larger third parties.  That piece of the puzzle is now in place, this is the Chinese equivalent of the Wordpress announcement, not a big deal in terms of transaction volume but perhaps a big milestone on the road to becoming mainstream.

+1. The transaction volume is expected to be LOW. Obviously they are using this to promote their latest branded service. But that's win-win.

BTW, the BTCC has just touched 890. When will be break 900?

[n8rwJeTt8TrrLKPa55eU]

BTW, the BTCC has just touched 890. When will be break 900?

I'd like to see it fluctuate around 888 for a few days, as a sign from the gods that they approve of the Baidu decision

[Hfleer]

China is smart here, I think they're getting in early still.

[samson]

BTW, the BTCC has just touched 890. When will be break 900?

I'd like to see it fluctuate around 888 for a few days, as a sign from the gods that they approve of the Baidu decision

LOL

[n8rwJeTt8TrrLKPa55eU]

BTW, the BTCC has just touched 890. When will be break 900?

I'd like to see it fluctuate around 888 for a few days, as a sign from the gods that they approve of the Baidu decision

LOL

Ha ha, brilliant!  But I forgot the decimal point, some kind soul on the Chinese exchange should get the ticker to print 888.88888888 exactly, it would be the icing on the cake for today's news.

[StarenseN]

Many times I saw 888.88

[manfred]

Many times I saw 888.88

Because Pinyin (eight) sounds similar to prosper, wealth or fortune in chinese (very lucky number)

[nanobtc]

Unrelated "8" trivia, but Booker T's Hammond organ registration is widely believed to be 8888 for "Green Onions".
There's 9 drawbars that can be set from 0 to 8. Showing the rest of them, it would be 888800000.

We now return you to the topic, already in progress..

[BitcoinAshley]

Unrelated "8" trivia, but Booker T's Hammond organ registration is widely believed to be 8888 for "Green Onions".
There's 9 drawbars that can be set from 0 to 8. Showing the rest of them, it would be 888800000.

We now return you to the topic, already in progress..

Thanks for this obscure bit of trivia, can you believe I actually knew that (used to own a Hammond)

But ANYWAYS

[bobdude17]

Anybody seeing all those walls coming down?!

[BitChick]

Anybody seeing all those walls coming down?!

I should be sleeping but it is more fun watching the price go up.  

[BitChick]

If the walls at $165 go down tonight there is not much stopping it going all the way to $200.  This is fun to watch.

[thefunkybits]

At the time of writing this BTCChina 24 hr. Volume is 21.5 K while gox is at 20K...


isnt this a first??

[zby]

It's pretty obvious that the decision about Baidu accepting BTC was taken by the party and that means China is getting serious about bitcoins. The Chinese people can read this kind of messages - so they buy BTC. This is the start.

[cypherdoc]

If the walls at $165 go down tonight there is not much stopping it going all the way to $200.  This is fun to watch.

You could end up being the richest woman chick in the world.  

That's a scary thought

[BitChick]

If the walls at $165 go down tonight there is not much stopping it going all the way to $200.  This is fun to watch.

You could end up being the richest woman chick in the world.  

That's a scary thought

I don't have that much coin unfortunately.  But I might be in a better place than some at least!

[wachtwoord]

If the walls at $165 go down tonight there is not much stopping it going all the way to $200.  This is fun to watch.

You could end up being the richest woman chick in the world.  

That's a scary thought

I don't have that much coin unfortunately.  But I might be in a better place than some at least!

Much is a relative term, isn't it?

[derpinheimer]

$170 - 9.5k
$180 - 12.5k (+3k)
$190 - 14k (+1.5k)
$200 - 17k (+3k)

[pand70]

$170 - 9.5k
$180 - 12.5k (+3k)
$190 - 14k (+1.5k)
$200 - 17k (+3k)

Are you converting CNY to $?