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Zaih
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October 19, 2013, 09:29:56 AM |
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Hopefully there will be large media outburst in China when it hits 1000 CNY, similar to what happened with BTC when it hit 100.
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el_rlee
Legendary
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Activity: 1600
Merit: 1014
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October 19, 2013, 10:18:26 AM |
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RED ALERT: About to hit quadruple digits, a huge psychological barrier.
Expect a few runs at it with the old Bitcoin Battering RamTM before it finally gives way* and gushes exuberantly higher, after which it will have second thoughts and retest 1000 or just below, and then level out somewhere significantly above that. The usual stuff. But that means a good chance at China forcing the West kicking and screaming through the traumatic memories of $266, which will be a good thing because the West may not have to deal with it, instead getting lifted up and carried past in by China.
*It might happen today, or it might take days or even weeks - but probably days
Let's hope for a week at least. Today evening, China time, i.e. in ~5 hours. Just my guess. 4 hours it is. |
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n8rwJeTt8TrrLKPa55eU
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October 19, 2013, 10:23:28 AM |
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I feel an urge to predict that this thread is destined to dethrone the MyGox Wall Observer as the most visited and longest in the speculation subforum. Eastern interests are rapidly asserting themselves as key drivers of the Bitcoin price. A very healthy development on the way to Bitcoin becoming a truly global (reserve?) currency.
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EuroTrash
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October 19, 2013, 10:26:48 AM |
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RED ALERT: About to hit quadruple digits, a huge psychological barrier.
*It might happen today, or it might take days or even weeks - but probably days
Let's hope for a week at least. Today evening, China time, i.e. in ~5 hours. Just my guess. 4 hours it is. Done |
<=== INSERT SMART SIGNATURE HERE ===>
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Sword Smith
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October 19, 2013, 10:31:35 AM |
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I feel an urge to predict that this thread is destined to dethrone the MtGox Wall Observer as the most visited and longest in the speculation subforum. Eastern interests are rapidly asserting themselves as key drivers of the Bitcoin price. A very healthy development on the way to Bitcoin becoming a truly global (reserve?) currency.
Wise words. Don't discount the West, though. You see, one Western country can ban bitcoins but if the US bans it, there is still Canada, the EU, Switzerland, Norway, Iceland, Australia, New Zeeland, South Africa etc. to continue. If China bans bitcoins, it will have a larger impact since there are more jurisdictions with significant economic strength in the cultural sphere that we call the West than there is in any other cultural sphere. |
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ronaldlee0917
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October 19, 2013, 10:43:38 AM |
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is this a correction or crash?
Dropping very fast now
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Donation: 18zXsfnSvGjQFJ6pEiKMg2uWGcxUCfJLzu Mastercoin - A new protocol layer built on top of Bitcoin |
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Liquid
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October 19, 2013, 10:54:41 AM |
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$188
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Bitcoin will show the world what hard money really is.
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Zangelbert Bingledack
Legendary
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Activity: 1036
Merit: 1000
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October 19, 2013, 11:02:49 AM |
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is this a correction or crash?
Dropping very fast now
Look at the chart. That whale buy pushed the price up $10 in a single go. If it didn't correct from there that would've been pure insanity. So just a correction. |
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n8rwJeTt8TrrLKPa55eU
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October 19, 2013, 02:33:10 PM |
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Thank you...that was great...coverage more factual, deep, and less hysterical than their Western counterparts. Too bad their establishment academics seem only marginally better than Krugman. Best of luck to Xiong Wue and Mr. Gong, if you're on bitcointalk and reading this, I hope you both become filthy stinking rich. |
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el_rlee
Legendary
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Activity: 1600
Merit: 1014
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October 19, 2013, 02:50:28 PM |
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Thank you...that was great...coverage more factual, deep, and less hysterical than their Western counterparts. Too bad their establishment academics seem only marginally better than Krugman. Best of luck to Xiong Wue and Mr. Gong, if you're on bitcointalk and reading this, I hope you both become filthy stinking rich. Except they got mining all wrong... |
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n8rwJeTt8TrrLKPa55eU
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October 19, 2013, 03:17:28 PM |
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Except they got mining all wrong...
Likewise with their mention of the Thailand situation. But even then, this was still leagues ahead of the superficial tripe we've seen from talking heads on CNBC/Fox all year long (I'll exclude Bloomberg and the BBC, which have had some decent less FUDdy segments). |
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neutrinox
Full Member
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Activity: 182
Merit: 100
1MCKW9AkWj3aopC1aPegcZEf2fYNrhUQVf
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October 19, 2013, 03:37:32 PM |
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Damn that player is buffering slowly here.. Would be great if someone could grab the clip and upload it to Youtube!
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chriswilmer
Legendary
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Activity: 1008
Merit: 1000
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October 19, 2013, 05:50:57 PM |
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The battle over 1000 yuan... who will win!?!
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TERA
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October 20, 2013, 07:49:21 AM |
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The battle over 1000 yuan... who will win!?!
First there was the battle over 100USD. Then the batle over 100EUR. Now it is the battle over 1000YUAN. What next? |
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notme
Legendary
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Activity: 1904
Merit: 1002
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October 20, 2013, 10:48:52 AM |
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The battle over 1000 yuan... who will win!?!
First there was the battle over 100USD. Then the batle over 100EUR. Now it is the battle over 1000YUAN. What next? $200 |
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Marbit
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October 20, 2013, 05:17:24 PM |
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RED ALERT: About to hit quadruple digits, a huge psychological barrier.
Expect a few runs at it with the old Bitcoin Battering RamTM before it finally gives way* and gushes exuberantly higher, after which it typically would have second thoughts and retest 1000 or just below, and then level out somewhere significantly above that to gain a foothold. The usual stuff. If it establishes a foothold above 1000, it will be on nice course.
But that means there's a good chance at China forcing the West kicking and screaming through the traumatic memories of $266, which will be a good thing because the West may not have to deal with it, instead getting lifted up and carried past it by China.
*It might happen today, or it might take days or even weeks - but probably days
turning bear fast reading this kind of stuff.  |
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8fold
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October 20, 2013, 07:18:14 PM |
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does anyone know what has been happening for the last an hour or so?
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Bitrated user: 8fold.
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Marbit
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October 20, 2013, 07:22:54 PM |
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does anyone know what has been happening for the last an hour or so?
from the look of the charts, nothing. walls at 1k (~1050) and 1030 (1200). On btcchina anyway. |
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8fold
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October 20, 2013, 08:33:19 PM |
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does anyone know what has been happening for the last an hour or so?
from the look of the charts, nothing. walls at 1k (~1050) and 1030 (1200). On btcchina anyway. Trading has stopped for the last 2-3 hours. Was asking if anyone knows why and would be kind enough to share it. |
Bitrated user: 8fold.
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