Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

[gentlemand]

http://www.caixinglobal.com/2017-09-09/101142821.html?sourceEntityId=101142797

"the source added that the crackdown targets unauthorized trading at virtual currency exchanges, rather than Bitcoin and the underlying blockchain technology."

it is not about BTC, not even a ban.
the PBoC just want to keep stuff under control.. no surprise there.

ok, now you can continue dumping, dumbasses.. see ya next year at 10k.

“It means platforms facilitating trading between virtual currencies and legal tenders will not be allowed in China,”

That rather sounds like all of it. Your quoted sentence means Bitcoin isn't banned, just the ability to trade it on exchanges.

[becoin]

see ya next year at 10k.

10k is this year, not next year!
China will never really ban bitcoin whatever they say.
If they ban it now there will be nothing to ban next time!
They can't afford saying "we can't do anything about bitcoin being regulated".
Because they must earn their salaries. They'll keep trying although they know they can't do anything.
China is not an exception. Many regulatory agencies in many countries are exactly in this same situation.
So, nothing really new.

[El duderino_]

http://www.caixinglobal.com/2017-09-09/101142821.html?sourceEntityId=101142797

"the source added that the crackdown targets unauthorized trading at virtual currency exchanges, rather than Bitcoin and the underlying blockchain technology."

it is not about BTC, not even a ban.
the PBoC just want to keep stuff under control.. no surprise there.

ok, now you can continue dumping, dumbasses.. see ya next year at 10k.

Mmmm you think 10k only to be Deen next Year....??

[xhomerx10]

 I saw that same image last night and rushed outside only to see clouds.  I saw the most beautiful display about 11 years ago and I've been waiting to see them again ever since.
 Some day if bitcoin continues to cooperate, I'm going to take a trip to Alaska... Or Finland... Maybe both!

[Last of the V8s]

[600watt]

http://www.caixinglobal.com/2017-09-09/101142821.html?sourceEntityId=101142797

"the source added that the crackdown targets unauthorized trading at virtual currency exchanges, rather than Bitcoin and the underlying blockchain technology."

it is not about BTC, not even a ban.
the PBoC just want to keep stuff under control.. no surprise there.

ok, now you can continue dumping, dumbasses.. see ya next year at 10k.

“It means platforms facilitating trading between virtual currencies and legal tenders will not be allowed in China,”

That rather sounds like all of it. Your quoted sentence means Bitcoin isn't banned, just the ability to trade it on exchanges.

it is bizarre that 9 hours after the beginning of this fuck up, it is not even known for sure what is really going on. even by bitcoin standards.
I mean, all participants are digitally interconnected in multiple ways, and yet we have no fucking clue what is really true.

[gentlemand]

it is bizarre that 9 hours after the beginning of this fuck up, it is not even known for sure what is really going on. even by bitcoin standards.
I mean, all participants are digitally interconnected in multiple ways, and yet we have no fucking clue what is really true.

I seem to remember it took multiple months before anyone knew what the score was with the China Ban in 2013.

[Romanknickl]

China Bitcoin ban Number 17 or 18..? 

that's ridiculous!

[JayJuanGee]

It is just time for a deeper correction, nothing more.

I beg to differ. It had already corrected. I think today's dip can be directly attributed to news of China announcing a clampdown on exchanges.

This is a similar situation to last January when the natural correction after breaking $1k was immediately followed by The PBoC announcing an investigation of the exchanges, causing a panic. After a short recovery, the PBoc started visiting the exchanges and then froze btc withdrawals causing another panic.

This time the natural correction after passing $5k was immediately followed by the PBoC outlawing ICOs, causing a panic. After a short recovery, the news of yet another Chinese action against the exchanges caused another panic.

We all know what happened to the price after January's panic subsided. Didn't we learn that China's importance in Bitcoin was over-rated?

This too will pass.

so you think no bigger dive for this time ?? just bought few coins like 1 hour before the dip 

Sell everything micgoosens!!!!!!!!       

no my friend THAN the whole market will colapse 

Well, we would not want the whole BTC market to collapse, right?  - so maybe it would be a good idea for you to give a little bit more of your stash away, in order for you to stave off some of your sell inclinations.   

[soullyG]

it is bizarre that 9 hours after the beginning of this fuck up, it is not even known for sure what is really going on. even by bitcoin standards.
I mean, all participants are digitally interconnected in multiple ways, and yet we have no fucking clue what is really true.

I seem to remember it took multiple months before anyone knew what the score was with the China Ban in 2013.

[itod]

it is bizarre that 9 hours after the beginning of this fuck up, it is not even known for sure what is really going on. even by bitcoin standards.
I mean, all participants are digitally interconnected in multiple ways, and yet we have no fucking clue what is really true.

I seem to remember it took multiple months before anyone knew what the score was with the China Ban in 2013.

Is it so hard for someone who speaks a language to translate the essence in two sentences? There are not so many options, most probably:
a) China banned going in/out from fiat (Yuan) to crypto, or
b) China banned crypto/crypto exchanges, or
c) something completely different.

It looks to me that a) is in case here, and people want at least some Yuan to cover the expanses before that possibility is removed. This can explain this $1000 daily price drop.

[El duderino_]

It is just time for a deeper correction, nothing more.

I beg to differ. It had already corrected. I think today's dip can be directly attributed to news of China announcing a clampdown on exchanges.

This is a similar situation to last January when the natural correction after breaking $1k was immediately followed by The PBoC announcing an investigation of the exchanges, causing a panic. After a short recovery, the PBoc started visiting the exchanges and then froze btc withdrawals causing another panic.

This time the natural correction after passing $5k was immediately followed by the PBoC outlawing ICOs, causing a panic. After a short recovery, the news of yet another Chinese action against the exchanges caused another panic.

We all know what happened to the price after January's panic subsided. Didn't we learn that China's importance in Bitcoin was over-rated?

This too will pass.

so you think no bigger dive for this time ?? just bought few coins like 1 hour before the dip 

Sell everything micgoosens!!!!!!!!       

no my friend THAN the whole market will colapse 

Well, we would not want the whole BTC market to collapse, right?  - so maybe it would be a good idea for you to give a little bit more of your stash away, in order for you to stave off some of your sell inclinations.   

Mmmm i was offring to make another guessing game..... but you said its not the micgoossens show-attention attemp-blabla..... So i respect This maybe understand few Guy's dont like something like that in here , but for the other that did like iT as a kind of amusement ..... i think its sorry
Just dont understand why you ...?
Maybe because you absoluty did't had any clue of what was happening and surely didn't have a opinion to back youre date up .....can't be anything else    :-) :p

[BlindMayorBitcorn]

 I saw that same image last night and rushed outside only to see clouds.  I saw the most beautiful display about 11 years ago and I've been waiting to see them again ever since.
 Some day if bitcoin continues to cooperate, I'm going to take a trip to Alaska... Or Finland... Maybe both!

I understand Yellowknife is nice this time of year. Lots of Japanese tourists.

Edit: It's actually a godforsaken, snow-covered moonscape.

[DaRude]

it is bizarre that 9 hours after the beginning of this fuck up, it is not even known for sure what is really going on. even by bitcoin standards.
I mean, all participants are digitally interconnected in multiple ways, and yet we have no fucking clue what is really true.

I seem to remember it took multiple months before anyone knew what the score was with the China Ban in 2013.

Welcome to unregulated market. There's nothing to prevent someone from front running the news. Looks like currently China is trading at deep discount, which brings some validity to the rumors. BTC is priced for its potential and not current utilization, as such market is very emotional and will react violently to any news. Money always brings smart people who will pick up on these things and try to exploit it. So yes it will continue for foreseeable future, now the game is to wait for actual news to hit and figuring out if the market over or underestimated it.

[kurious]

it is bizarre that 9 hours after the beginning of this fuck up, it is not even known for sure what is really going on. even by bitcoin standards.
I mean, all participants are digitally interconnected in multiple ways, and yet we have no fucking clue what is really true.

I seem to remember it took multiple months before anyone knew what the score was with the China Ban in 2013.

Welcome to unregulated market. There's nothing to prevent someone from front running the news. Looks like currently China is trading at deep discount, which brings some validity to the rumors. BTC is priced for its potential and not current utilization, as such market is very emotional and will react violently to any news. Money always brings smart people who will pick up on these things and try to exploit it. So yes it will continue for foreseeable future, now the game is to wait for actual news to hit and figuring out if the market over or underestimated it.

i'd wager...  overestimated it.

HoneyBadger don't give a shit.

[DaRude]

it is bizarre that 9 hours after the beginning of this fuck up, it is not even known for sure what is really going on. even by bitcoin standards.
I mean, all participants are digitally interconnected in multiple ways, and yet we have no fucking clue what is really true.

I seem to remember it took multiple months before anyone knew what the score was with the China Ban in 2013.

Welcome to unregulated market. There's nothing to prevent someone from front running the news. Looks like currently China is trading at deep discount, which brings some validity to the rumors. BTC is priced for its potential and not current utilization, as such market is very emotional and will react violently to any news. Money always brings smart people who will pick up on these things and try to exploit it. So yes it will continue for foreseeable future, now the game is to wait for actual news to hit and figuring out if the market over or underestimated it.

i'd wager...  overestimated it.

HoneyBadger don't give a shit.

If you zoom out, you'll see historically this has always been the case  

[gentlemand]

Welcome to unregulated market. There's nothing to prevent someone from front running the news. Looks like currently China is trading at deep discount, which brings some validity to the rumors. BTC is priced for its potential and not current utilization, as such market is very emotional and will react violently to any news. Money always brings smart people who will pick up on these things and try to exploit it. So yes it will continue for foreseeable future, now the game is to wait for actual news to hit and figuring out if the market over or underestimated it.

I'm not massively arsed either way. If it is all true then the Chinese will be the drivers of P2P exchanging, maybe even something properly decentralised with an order book though I've no idea how that would work. Then the PBOC will feel really sad.

[ayesha201009]

it is bizarre that 9 hours after the beginning of this fuck up, it is not even known for sure what is really going on. even by bitcoin standards.
I mean, all participants are digitally interconnected in multiple ways, and yet we have no fucking clue what is really true.

I seem to remember it took multiple months before anyone knew what the score was with the China Ban in 2013.

Welcome to unregulated market. There's nothing to prevent someone from front running the news. Looks like currently China is trading at deep discount, which brings some validity to the rumors. BTC is priced for its potential and not current utilization, as such market is very emotional and will react violently to any news. Money always brings smart people who will pick up on these things and try to exploit it. So yes it will continue for foreseeable future, now the game is to wait for actual news to hit and figuring out if the market over or underestimated it.

I think the high price is not just a casualty, because behind there are lot of cash fiat converted in btc and other crypto.
I don't know if this could be a reason for the last months pumps, but new ICO funded with crypto can have influenced btc price?

[JayJuanGee]

It is just time for a deeper correction, nothing more.

I beg to differ. It had already corrected. I think today's dip can be directly attributed to news of China announcing a clampdown on exchanges.

This is a similar situation to last January when the natural correction after breaking $1k was immediately followed by The PBoC announcing an investigation of the exchanges, causing a panic. After a short recovery, the PBoc started visiting the exchanges and then froze btc withdrawals causing another panic.

This time the natural correction after passing $5k was immediately followed by the PBoC outlawing ICOs, causing a panic. After a short recovery, the news of yet another Chinese action against the exchanges caused another panic.

We all know what happened to the price after January's panic subsided. Didn't we learn that China's importance in Bitcoin was over-rated?

This too will pass.

so you think no bigger dive for this time ?? just bought few coins like 1 hour before the dip 

Sell everything micgoosens!!!!!!!!       

no my friend THAN the whole market will colapse 

Well, we would not want the whole BTC market to collapse, right?  - so maybe it would be a good idea for you to give a little bit more of your stash away, in order for you to stave off some of your sell inclinations.   

Mmmm i was offring to make another guessing game..... but you said its not the micgoossens show-attention attemp-blabla..... So i respect This maybe understand few Guy's dont like something like that in here , but for the other that did like iT as a kind of amusement ..... i think its sorry
Just dont understand why you ...?
Maybe because you absoluty did't had any clue of what was happening and surely didn't have a opinion to back youre date up .....can't be anything else    :-) :p

I express my opinions on a frequent basis, yet I don't need any kind of contest in order to cause me to express myself.

You can do what you want regarding your bitcoin and maybe even your attempts to include such in this thread; however, even you likely recognize that such a contest theme may be better employed in another thread that is specifically created for such purpose - and even if you were to provide a link to such hypothetical other thread from time to time within that thread, then that would probably be a lot less objectionable way to go about giving away your bitcoin, if that is what floats your boat.

By the way, as you likely know, I have little to no power in this thread or in the forum, except perhaps some of my persuasive abilities that may not work too well on a large number of forum members, including in this thread.  Anyhow, it is my thinking that if OP tolerates your conducting a give-my-bitcoins-away contest in this thread, and thread participants don't really complain too much about it within this thread or to OP or to Admins, then you could probably get away with it - however, I do suspect that there would be some complaints about such use of this particular thread when it seems easy enough for you to create a new thread for such purposes.... if you want to give some portion of your coins away in the name of "funs."   

[JayJuanGee]

it is bizarre that 9 hours after the beginning of this fuck up, it is not even known for sure what is really going on. even by bitcoin standards.
I mean, all participants are digitally interconnected in multiple ways, and yet we have no fucking clue what is really true.

I seem to remember it took multiple months before anyone knew what the score was with the China Ban in 2013.

Welcome to unregulated market. There's nothing to prevent someone from front running the news. Looks like currently China is trading at deep discount, which brings some validity to the rumors. BTC is priced for its potential and not current utilization, as such market is very emotional and will react violently to any news. Money always brings smart people who will pick up on these things and try to exploit it. So yes it will continue for foreseeable future, now the game is to wait for actual news to hit and figuring out if the market over or underestimated it.

i'd wager...  overestimated it.

HoneyBadger don't give a shit.

If you zoom out, you'll see historically this has always been the case  

Surely some of the Chineses  - and maybe even some other folks got screwed around in the January 2017 and thereafter run up when several of the account got frozen and liquidation avenues were locked up for several months during a fairly exponential growth and money making volatility period.  So, yeah, some of them may have gotten left out and feeling resentful about that - and whether such a leaving out is going to happen again is still to be determined.