China Holiday Ended Yesterday. China wakes again in about 5 hours. Predictions?

[biafore]

China started the massive sell of last night. My question is: will china continue to sell on gox? What say you?

[Dalmar]

China is slowly becoming irrelevant. Last night nobody followed Huobi and they were forced to follow Western exchanges.

[MatTheCat]

China started the massive sell of last night. My question is: will china continue to sell on gox? What say you?

I predict that the massive sell-off on the only respectable large USD Bitcoin exchange down to $619, will fill our Chinese Bitcoiner counterparts full of bullish confidence.

$1000 Bitcoin before the end of the weekend. $5000 before the end of Feb.

U read it here first!

On the other hand, if it were indeed a big bunch of Chinese whales who have been doing the cashing out on Bitstamp, whilst conspiring to keep Huobi 'afloat' with faked bot trading figures, well, then we really could be in a for a very nasty surprise. (not me cos no way am I going long Bitcoin anytime soon, but everyone else could be).

[biafore]

China started the massive sell of last night. My question is: will china continue to sell on gox? What say you?

I predict that the massive sell-off on the only respectable large USD Bitcoin exchange down to $619, will fill our Chinese Bitcoiner counterparts full of bullish confidence.

$1000 Bitcoin before the end of the weekend. $5000 before the end of Feb.

U read it here first!

Mr. Cat, short term predictions only. And valid!

[biafore]

China is slowly becoming irrelevant. Last night nobody followed Huobi and they were forced to follow Western exchanges.

China is very relevant, your stupid if you think not. Mt gox brought down all exchanges not just Mt.Gox?

[lynn_402]

They won't wake-up in 5 hours. Crypto-traders don't sleep during crashes

[biafore]

They won't wake-up in 5 hours. Crypto-traders don't sleep during crashes

They do when they have jobs, and most traders that have over 100k in BTC have jobs... I take it you dont have over 100k or a job. Youll be up all nite....

[adam9317]

China started the massive sell of last night. My question is: will china continue to sell on gox? What say you?

I predict that the massive sell-off on the only respectable large USD Bitcoin exchange down to $619, will fill our Chinese Bitcoiner counterparts full of bullish confidence.

$1000 Bitcoin before the end of the weekend. $5000 before the end of Feb.

U read it here first!

On the other hand, if it were indeed a big bunch of Chinese whales who have been doing the cashing out on Bitstamp, whilst conspiring to keep Huobi 'afloat' with faked bot trading figures, well, then we really could be in a for a very nasty surprise. (not me cos no way am I going long Bitcoin anytime soon, but everyone else could be).

I have a feeling Mat is talking some sense. I have just bought!

[biafore]

I have a feeling most of China sold on fear. The fact that Stamp is still down while gox is on the rise says alot. This is exactly what happened previous to the crash. As much as no one wants to admit, china got us to over 500, they can take it away, especially when no one can get BTC out or in?

[biafore]

I predicted the crash 2 days ago, I said I m going all cash 2 twice on adams. I wouldnt buy  a single coin until after china makes a move tonight

[BitChick]

China started the massive sell of last night. My question is: will china continue to sell on gox? What say you?

I predict that the massive sell-off on the only respectable large USD Bitcoin exchange down to $619, will fill our Chinese Bitcoiner counterparts full of bullish confidence.

$1000 Bitcoin before the end of the weekend. $5000 before the end of Feb.

U read it here first!

On the other hand, if it were indeed a big bunch of Chinese whales who have been doing the cashing out on Bitstamp, whilst conspiring to keep Huobi 'afloat' with faked bot trading figures, well, then we really could be in a for a very nasty surprise. (not me cos no way am I going long Bitcoin anytime soon, but everyone else could be).

Wow! $5000 before the end of Feb!?  I so hope you are right!

[MatTheCat]

Wow! $5000 before the end of Feb!?  I so hope you are right!

Probably more like $10000, but I don't have a chart with lines painted on it to hand, so I didn't want to make that call just yet.

[adam9317]

I don't know wether to buy or sell, does anyone have any advice?

I understand only I can make the decision but I would like some guidance!

[MatTheCat]

I don't know wether to buy or sell, does anyone have any advice?

I understand only I can make the decision but I would like some guidance!

What price level did you buy in at?

[adam9317]

I don't know wether to buy or sell, does anyone have any advice?

I understand only I can make the decision but I would like some guidance!

What price level did you buy in at?

736

[biafore]

I don't know wether to buy or sell, does anyone have any advice?

I understand only I can make the decision but I would like some guidance!

Wait until at least 12 at night china. If their buying then buy, if selling then sell. This could get alot worse, Mt.gox news is only now just hitting big news stations. Alot of Chinese have not even gotten the news as their holiday just ended.

[adam9317]

I don't know wether to buy or sell, does anyone have any advice?

I understand only I can make the decision but I would like some guidance!

Wait until at least 12 at night china. If their buying then buy, if selling then sell. This could get alot worse, Mt.gox news is only now just hitting big news stations. Alot of Chinese have not even gotten the news as their holiday just ended.

I really feel like selling but then I am $10 a Bitcoin down.

[biafore]

Gox is rising without any volume, means price is being maipulated heavily. Pay attention to the spread between, stamp and BTC-E if you notice they are always similar, as they are not being manipulated internally.  

[biafore]

When china wake we will all know which way this is headed. If your counting on the west, time is slipping fast

[adam9317]

I have took a risk and sold at £727. Hopefully the price will drop.

What are your predictions, how low can it goes in 24 hours?