Will The People's Bank of China (PBC or PBOC) strike back?

[RockHound]

Many of my friends and fellow bitcoiners made extra funds available in their exchanges in preparation for Chinese New Year, I know I did : )

Thus far, nothing has really happened, yet......

Seemed logical that BTC price might of moved South. Although now CNY/RMB deposits via national bank transfer appear all good (Huobi, BTCChina, FXBTC, BTCTrade - all via their own corporate bank accounts)

Surely price is going to increase (significantly) over next week??

Thoughts - Appreciated

[p2pbucks]

strike wat ？

[Sonny]

In light of BTCChina impressively regaining #1 Spot in the world (by trade volume)

Where do you get that info from?

[RockHound]

In light of BTCChina impressively regaining #1 Spot in the world (by trade volume)

Where do you get that info from?

Was from http://btckan.com/price  On Thursday it was showing BTCChina at circa 42000 BTC (24Hr period) But now it's showing around 1030 BTC. Perhaps an error in the tracker??

[Sonny]

In light of BTCChina impressively regaining #1 Spot in the world (by trade volume)

Where do you get that info from?

Was from http://btckan.com/price  On Thursday it was showing BTCChina at circa 42000 BTC (24Hr period) But now it's showing around 1030 BTC. Perhaps an error in the tracker??

Maybe.
Or maybe a few big whales made some big trades on the site this Thursday, and it is now back to normal....

[RockHound]

In light of BTCChina impressively regaining #1 Spot in the world (by trade volume)

Where do you get that info from?

Was from http://btckan.com/price  On Thursday it was showing BTCChina at circa 42000 BTC (24Hr period) But now it's showing around 1030 BTC. Perhaps an error in the tracker??

Maybe.
Or maybe a few big whales made some big trades on the site this Thursday, and it is now back to normal....

True : )  That could have been some Whale action. Some 38,000 BTC drop?? That makes me a sardine 

[zulan1]

Don't forget the Bitcoin held by Fed that is about to go on auction... Bitcoin price is unlikely to rise.. 

[Lauda]

Don't forget the Bitcoin held by Fed that is about to go on auction... Bitcoin price is unlikely to rise.. 

That makes no sense. Whoever buys those coins will be rich in a year or two..

[BTCIndia]

Many of my friends and fellow bitcoiners made extra funds available in their exchanges in preparation for Chinese New Year, I know I did : )

Thus far, nothing has really happened, yet......

Seemed logical that BTC price might of moved South. Although now CNY/RMB deposits via national bank transfer appear all good (Huobi, BTCChina, FXBTC, BTCTrade - all via their own corporate bank accounts)

Surely price is going to increase (significantly) over next week??

Thoughts - Appreciated

China is socialist country. Remember? And, I think nothing happens without green flag from government. I'm still trying to get hold on China's ambiguous attitude towards virtual currency. First they let them rum hours and hours of documentary educating mass about Bitcoin. Then, when things start moving, they put hurdle and halts trade on biggest exchange. Thereafter issues warning and then allows Exchange to trade again. WTF!
Can someone explain what Chinese are trying to do here?

And yeah! I think, Central Bank will strike again.

[RockHound]

Don't forget the Bitcoin held by Fed that is about to go on auction... Bitcoin price is unlikely to rise.. 

Cheers bud, but I think only very slightly - scroll to bottom + check out the largest transactions today alone. When I sum the top 10 largest that's already $21mil https://blockchain.info/largest-recent-transactions

[RockHound]

Many of my friends and fellow bitcoiners made extra funds available in their exchanges in preparation for Chinese New Year, I know I did : )

Thus far, nothing has really happened, yet......

Seemed logical that BTC price might of moved South. Although now CNY/RMB deposits via national bank transfer appear all good (Huobi, BTCChina, FXBTC, BTCTrade - all via their own corporate bank accounts)

Surely price is going to increase (significantly) over next week??

Thoughts - Appreciated

China is socialist country. Remember? And, I think nothing happens without green flag from government. I'm still trying to get hold on China's ambiguous attitude towards virtual currency. First they let them rum hours and hours of documentary educating mass about Bitcoin. Then, when things start moving, they put hurdle and halts trade on biggest exchange. Thereafter issues warning and then allows Exchange to trade again. WTF!
Can someone explain what Chinese are trying to do here?

And yeah! I think, Central Bank will strike again.

Great point brother! Bobby Lee and Lin Li are smart guys, their companies have green flags from government for the moment. I have Cantonese heritage - today my folks all met up to celebrate Chinese New Year, spoke to my uncle and he's being saying the Chinese media have really portrayed BTC negatively. Media manipulation at it's best?