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

[FTWbitcoinFTW]

As i said yesterday, we would need some fud to get to 550~ish, and bam, new china fud out of the blue, either a lucky guess, or someone who wants a crash had same thoughts

China Central Bank says in its official weibo that the news about #bitcoin trading ban is fake

*insert china joke

[ShroomsKit_Disgrace]

Where are you seeing that "drop to 1 CNY"? Looking at bitcoinwisdom now, I do not see it.  The lows I can see are

Huobi:     3213.1 CNY
OKCoin:    2653.9
Bter:      3011.0
BTC-China: 3301.0

Did someone doctor the logs?

The drop was in LTC /CNY market at Huobi.

[magicmexican]

Where are you seeing that "drop to 1 CNY"? Looking at bitcoinwisdom now, I do not see it.  The lows I can see are

Huobi:     3213.1 CNY
OKCoin:    2653.9
Bter:      3011.0
BTC-China: 3301.0

Did someone doctor the logs?

its LTC, notice the "1" @bottom

maybe btcwisdom is fucked, not sure

[dreamspark]

What do you do if you just bought 1CNY ltc? Surely you cant not sell for 100x insta profit

[JorgeStolfi]

The drop was in LTC /CNY market at Huobi.

Oh, indeed. Thanks!

[jl2012]

As i said yesterday, we would need some fud to get to 550~ish, and bam, new china fud out of the blue, either a lucky guess, or someone who wants a crash had same thoughts

China Central Bank says in its official weibo that the news about #bitcoin trading ban is fake

The official weibo (Twitter of China) of PBOC: http://weibo.com/u/3921015143

[adamstgBit]

As i said yesterday, we would need some fud to get to 550~ish, and bam, new china fud out of the blue, either a lucky guess, or someone who wants a crash had same thoughts

China Central Bank says in its official weibo that the news about #bitcoin trading ban is fake

The official weibo (Twitter of China) of PBOC: http://weibo.com/u/3921015143

confirmed

thanks

[magicmexican]

fake news or not, market is really trigger happy now

[JayJuanGee]

fake news or not, market is really trigger happy now

Also, I am searching... searching... searching..... for the bottom..... maybe $550? or maybe $510 over weekend?

[ErisDiscordia]

In other news...have you already heard the Ode to Satoshi? Great song!  

Best post of the day!

+1

"til everybody knows, everybody knows, til everybody knows your naaaaame!"

Don't forget to show everybody how awesome Bitcoin is by tipping the artist if you enjoyed his work

[spooderman]

yay waves to ride.

[cbutters]

Did anyone catch this quote from the mtgox statement.

“Taking into account the existence of the 200,000 BTC, the total number of bitcoins which have disappeared is therefore estimated to be approximately 650,000 BTC.”"

So.. its basically official that M.K. is just a complete and utter retard right? Who moves 200,000 BTC to verify they have control of bitcoin and then forgets that they exist. Does this ultimately point to the more likely possibility that M.K. just lost the private keys but had an old database backup that he eventually went and fished these 200,000 coins out of after the community pointed them out?

also... how does 850,000 missing vs 650,000 missing affect the markets?

[ChrisML]

Where will this end.

I want that ride to $950,- per BTC. Thank you very much!

[jl2012]

Did anyone catch this quote from the mtgox statement.

“Taking into account the existence of the 200,000 BTC, the total number of bitcoins which have disappeared is therefore estimated to be approximately 650,000 BTC.”"

So.. its basically official that M.K. is just a complete and utter retard right? Who moves 200,000 BTC to verify they have control of bitcoin and then forgets that they exist. Does this ultimately point to the more likely possibility that M.K. just lost the private keys but had an old database backup that he eventually went and fished these 200,000 coins out of after the community pointed them out?

also... how does 850,000 missing vs 650,000 missing affect the markets?

I think the market is affected by the now confirmed fake news about China banning bitcoin trading

[cbutters]

Is anybody else starting to get a tingly feeling? I think we might just cautiously take some steps upward.

[dreamspark]

Did anyone catch this quote from the mtgox statement.

“Taking into account the existence of the 200,000 BTC, the total number of bitcoins which have disappeared is therefore estimated to be approximately 650,000 BTC.”"

So.. its basically official that M.K. is just a complete and utter retard right? Who moves 200,000 BTC to verify they have control of bitcoin and then forgets that they exist. Does this ultimately point to the more likely possibility that M.K. just lost the private keys but had an old database backup that he eventually went and fished these 200,000 coins out of after the community pointed them out?

also... how does 850,000 missing vs 650,000 missing affect the markets?

They don't, I have no idea how you just find a wallet with 200,000 BTC when others can see it on the blockchain etc. It suggest to me personally that the theories regarding lost keys or badly written key generating software are the most plausible.

I wouldnt be surprised to see a large part of the 850k slowly being 'found' what this does to the price however is anyone's guess

[N12]

So.. its basically official that M.K. is just a complete and utter retard right?

Yes. Better he pay them out quickly before he "loses" them again.

[donut]

Just bought 1 btc at 574, time will tell if this is the bottom.

[Biro Bob]

Don't you just love online banking….

Sorry

Sorry this service is currently unavailable. Please re-try during operating hours which is Monday-Friday between 8am-3.30pm (excluding public holidays). (HZ1)

[QuestionAuthority]

So.. its basically official that M.K. is just a complete and utter retard right?

Yes. Better he pay them out quickly before he "loses" them again.

If he had found them earlier he could have kept the scam going for another year. What an idiot.