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MatTheCat
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April 14, 2014, 01:06:57 PM |
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Daily chart breakout plus a couple news items. My question is why has it NOT risen 20% like the previous breakout. Pretty weak.
Also, this move was instigated by China. Go check the charts. 5 Minute lag between surge in buying power on USD exchanges and Huobi et al. Taking everything into consideration, it could be entirely possible that this spike was instigated by spike in fake Chinese volume, followed by investors piling in on USD exchanges and shorts getting squeezed out. Perhaps when sufficient support builds, some more large scale dumps are on the cards.... .....certainly Bitstamp are getting very interested on their customers proving where they are getting their funds from. I just transferred less than $5K USD across and they are again requesting payslips, tax returns, etc before they say they will credit my account.....I told them to just credit my fkn account or give me my money back. When an organisation adopts this kind of anti customer policy it is a sure sign that they are under some kind of duress, for some reason..... |
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fattypig
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April 14, 2014, 01:47:13 PM |
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The massive sell off is over so its time to buy  |
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Nebur
Newbie
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Activity: 20
Merit: 0
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April 14, 2014, 02:59:19 PM |
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Priceboost makes sense since China wont be banning bitcoins after all (for the time being)
Would be nice if they made a final decision because these (not) banning rumours don't do any good.
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DubFX
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April 14, 2014, 03:14:44 PM |
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Priceboost makes sense since China wont be banning bitcoins after all (for the time being)
Would be nice if they made a final decision because these (not) banning rumours don't do any good.
Yep it would be great if it could get clarrified out. |
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UnDerDoG81
Legendary
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Activity: 2179
Merit: 1201
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April 14, 2014, 03:20:57 PM |
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Next time when China bans Bitcoins I dont expect a drop anymore. Because what I´ve learned is that nothing in BTC world happens more then twice. Whales find always new ways to double their money. Exactly then when people don´t expect it.
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igorr
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April 14, 2014, 03:26:32 PM |
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Goxxed....
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Cлaвьcя, Oтeчecтвo нaшe cвoбoднoe,
Бpaтcкиx нapoдoв coюз вeкoвoй,
Пpeдкaми дaннaя мyдpocть нapoднaя!
Cлaвьcя, cтpaнa! Mы гopдимcя тoбoй!
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mktrader (OP)
Member
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Activity: 84
Merit: 10
Hello World!!!
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April 14, 2014, 04:03:48 PM |
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Goxxed....
Only those got Goxxed who panic sold their coins..!! |
Price Poll: bitcointalk.org/index.php?topic=555609
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DubFX
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April 14, 2014, 04:37:39 PM |
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Goxxed....
Only those got Goxxed who panic sold their coins..!! They must be crying now if they sold around 300. |
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y3804
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April 14, 2014, 04:58:29 PM |
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Priceboost makes sense since China wont be banning bitcoins after all (for the time being)
Would be nice if they made a final decision because these (not) banning rumours don't do any good.
What the fuck is so hard to understand. China NEVER planned to ban BTC. I don't get why people say this is good news. However they're closing all commercial bank accounts after April 18th dealing with Bitcoin related services. It's pretty much analogous to a ban IMO. Can't bank transfer to deposit RMB, and it'll probably be much harder to withdraw in the near future. There's a reason why they're moving oversea. You call this good news? |
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igorr
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April 14, 2014, 05:00:18 PM |
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Goxxed....
Only those got Goxxed who panic sold their coins..!! They must be crying now if they sold around 300. Next wall go to $288 |
Cлaвьcя, Oтeчecтвo нaшe cвoбoднoe,
Бpaтcкиx нapoдoв coюз вeкoвoй,
Пpeдкaми дaннaя мyдpocть нapoднaя!
Cлaвьcя, cтpaнa! Mы гopдимcя тoбoй!
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mikenz
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April 14, 2014, 05:01:43 PM |
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They must be crying now if they sold around 300. soon they will be able to buy back for this price. or even lower  China NEVER planned to ban BTC. I don't get why people say this is good news.
However they're closing all commercial bank accounts after April 18th dealing with Bitcoin related services. It's pretty much analogous to a ban IMO. +1 |
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DubFX
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April 14, 2014, 05:07:16 PM |
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Priceboost makes sense since China wont be banning bitcoins after all (for the time being)
Would be nice if they made a final decision because these (not) banning rumours don't do any good.
What the fuck is so hard to understand. China NEVER planned to ban BTC. I don't get why people say this is good news. However they're closing all commercial bank accounts after April 18th dealing with Bitcoin related services. It's pretty much analogous to a ban IMO. Can't bank transfer to deposit RMB, and it'll probably be much harder to withdraw in the near future. There's a reason why they're moving oversea. You call this good news? It's good news then, no? As they will continue operating. |
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andyatcrux
Legendary
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Activity: 938
Merit: 1000
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April 14, 2014, 05:13:59 PM |
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Yeah, sounds good. The Chinese will be able to trade BTC without the PBOC being able to drop the rumor hammer? That sounds like great news. The Chinese are bullish right now, but Westerner's know better than them I guess. Not.
My ex-wife's boss (who is a Chinese National) bought 100K worth of BTC this week. Guess he is stupid? I am gonna guess that he knows what the fuck he is doing.
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mikenz
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April 14, 2014, 05:18:45 PM |
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Its not about if they continue operating or not, its about how convenient it will be for the average Chinese citizen to trade Bitcoin/RMB. And we are not talking about a few speculators or hardcore bitcoiners here. When the exchanges move abroad, all deposits and withdrawals can only be executed via international bank transfer.. if at all. thats not clear yet
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nioc
Legendary
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Activity: 1624
Merit: 1008
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April 14, 2014, 06:32:24 PM |
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I don't think we are talking about the average Chinese citizen.
ETA: It's the 15th in China now.
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mikenz
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April 14, 2014, 07:55:45 PM |
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What do you think how many of them are convinced longtime BitcoinHodlers and how many are just rich Aunties who like to prank with a flashy cool asset as long as its easy to handle?
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counter
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April 14, 2014, 10:12:41 PM |
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Aliens ...
No, seriously, it could be big Players influencing the Price on purpose or some new Business that wanna start using BTC but isn't going public about that idea, yet, etc.
You can not always find an answer in the News.
Dang you stole my answer... Anything that happen is because aliens hahahaha. I like the way you think I also have a feeling major swings like today are likely induced by whales. |
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jdun
Member
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Activity: 84
Merit: 10
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April 14, 2014, 10:18:12 PM |
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But that is old news, that is not why the price suddenly shot up today. I was wondering myself if there was some piece of news that was released today that I missed. But in browsing the forum and google, I cannot find any news consistent with the price boost today. Maybe the general market is anticipating a price boost after the 15th and decided to get in early on it. I bet we'll be trading in the 500-600 by the end of the week. |
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