HI-TEC99
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June 01, 2017, 05:16:22 AM

I hear the stampede coming in bitstamp. 4200BTC in sell orders one hour ago, 3600BTC right now.

Possible breakout at 2350$ support.

2350$ is past already.

Yup, faster than expected lol. Just after that Bitstamp stopped loading well in my pc, so i suppose the fun started  Grin

Next resistance?


On OKCoin it's 16800 CNY. The Chinese are throwing money at Bitcoin on OKCoin now they are allowed to withdraw Bitcoins again.
It nice that they now allow the withdrawal of bitcoin via OKcoin but how about the KYC issue. Nevertheless, The Chinese might throw money into bitcoin but the trade made on Bitstamp is pretty cool than that of Okcoin at the moment.


I think they want excessive KYC like ID cards scans, and video verification. Some users who can't provide it will lose their Bitcoins. Okcoin is also imposing a $1m annual limit. The whales won't be happy about that. A million dollars is small change to a whale. How can Chinese whales manipulate the price on Okcoin if they are only allowed to withdraw a million dollars a year?

http://www.coindesk.com/okcoin-huobi-move-end-chinas-bitcoin-withdrawal-freeze/

Quote
A representative for has OKCoin confirmed a report today that withdrawals had resumed at the exchange, one of the largest in the world by volume. The spokesperson added, however, that withdrawals would be contingent on passing a verification requirement and prescribing to a $1m annual limit.