on top of this i just saw someone post about a major Chinese state owned telecommunications company that started accepting btc on a previous page, $10000 is coming
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http://www.reddit.com/r/Bitcoin/comments/1roulj/china_telecom_accepts_bitcoin/We are in a full bear market now and wishful thinking won't change a thing. Expect the price to go down for a long while (except the bounces here and there).
Do you really think the whales who have put millions into BTC over the past few weeks are going to just stand by and let their investment dwindle? Especially since all they have to do is buy more to lift the prices back up again.
Everyone is just waiting for that rock bottom price to buy more BTC. This is a healthy consolidation for BTC.
I seriously can't believe people are still trading on MtGox.
I use mtgox because I don't trust any other entity with much of my funds. We've seen many exchanges come and go (bitcoin24,bitcoin7,tradehill,bitparking etc) but mtgox has been here all the time.
Mtgox also has the highest price (and much volume/depth) and I am able to withdraw euro (or simply wait for price to equal any other exchange which happens occasionally). If I'm going to sell, it makes sense to sell for the highest price I can get.
In conclusion I like gox, and I feel that my funds are safe with them.
Goxxing doesn't bother me so much, yes it can be annoying, but trust is more important for me (but i don't trade a lot anyways). I think btc-e is great, low fees, many trading opportunities, but I don't trust them as much (or more precise I'm fearing that they will eventually be targeted by law enforcement).
And correct me if I'm wrong, but Japanese and Polish account holders don't have delays when withdrawing from MtGox, no? Isn't it just the US and other parts of Europe?
some bad news brewing in china ,it started with that early out of the blue dump to 5000, now its dumping hard and steady.
My wild guess: Huobi corporate bank a/c removed from deposit option..This is pure FUD until proven otherwise.
Huh? Care to elaborate? Is this a guess or is something legit?
Legit.
Banks don't want to get any trouble. They need to be out of bitcoin business before jan 31.
I know it's been talked about to death but there is no way huobi has found a magic formula that BTC china hasn't. Definitely something strange with them
And I guess I didn't read the disclaimers saying this was a guess and complete FUD. I got to "Huobi closed" and that was it
Bobby Lee has repeatedly confirmed in interviews that as of the 31st you could no longer use 3rd party payment providers to withdraw funds
I miss the days when this thread was filled with hero members and intelligent conversation. Now it all Jr members with their "sources" "rumors" and other useless statements.
Wow
Such Senior
Wow
I'm not saying anything about myself. I simply stated I miss the days when this topic didn't contain a bunch of jr. Members running their mouths about "sources" and other meaningless bullshit. I ordered my BFL single Sept 2012 at $13 a bitcoin. I've never seen $13 again. Bought coins at $30 because I was waiting for $5, I've never seen $30 again. Now we are at $900, spread FUD, "news" and sources all you want people. You're only fooling yourself if you think we are not in this for the long haul.
So basically you are saying that every belief, news or statement that is remotely bearish is meaningless bullshit and FUD. I happen to believe we are going to the moon myself, but the fact that we have not seen $13 or $30 again isn't exactly proof that we will have never ending growth. Truth is that there are things that can fuck Bitcoin up, both short term and long term. The only thing that can fuck up your life though, is hate, so stop hating on the juniors!
The way I am hearing it is if you haven't had an account since at least bubble #2 (April) you know noting about BTC. Did you ever think that maybe some of us have me e than one account?
Do you really think that Proudhon doesn't have like 7 different accounts, pumping his bs around here?
Buy and hold is for suckers or someone who bought in during a panic selloff. The real money to be made is on the weekly fluctuation. So while most wait for 2000k per BTC they miss out on the 900 - 600 - 900 - 600 action that takes places for a long while.
Youll know when BTC is ready to go the the moon ($5k?) when few before it does it tanks 40% and everyone is wishing they were in fiat.
Where are we able to buy your book? I'm really interested in it. I do want to make some real money.
Just pull back your charts to daily and weekly candles and look att price action after the price pops. The answers are all there.
That's like the most amazing explanation of technical analysis I have ever heard. I mean, that guy was offering to buy your book, but you gave it away for FREE? Follow this and you are bound to get rich.
its probably panic sells based on the economy report out of china.
If it is so, this could be a lot more than only panic selling. In worst case this could be the end of chinese bitcoin.
In the worst case!
Why is that?
Someone at btc-e is definitely leading this crash. I'm just impressed that someone would trust btc-e with so much $
It looks like the price started going down on Huobi, according to bitcoin wisdom charts. 09:00 was the start of the red candles there, but thy didnt start until 10:00 on the european exchanges.
Funny how these things always happen at 1amEST US 6am Europe time
silly manipulators
hahaha 8am China time
It looks like the price started going down on Huobi, according to bitcoin wisdom charts. 09:00 was the start of the red candles there, but thy didnt start until 10:00 on the european exchanges.
Yup, was watching it all night.
Huobi lead sell of by a country mile forcing sell pressure enough to break the algorithims holding price on USD exchanges....took quite some time for Bitstamp to start sliding.
Me too. It was like an hour before anyone else caught on. You know, I'm noticing a lot of $1 orders on Huobi. 0.008 BTC here, 0.001 BTC there, I mean, surely those are bots, but why set a bot to trade in such little amounts, unless to drive the price one way or the other?
Funny how these things always happen at 1amEST US 6am Europe time
silly manipulators
hahaha 8am China time
230 pm in China ATM.
Yeah I know. But my point is the price started dropping on Huobi at 8am
Biggest gap between gox/stamp in a while now. Correction coming?
Curious, would such a wide gap typically signal a correction?
the question is:
Will the Chinese dump all their money into the market before its illegal or will they pump out all their money that is left.
Question of if its going to a big rise or a big fall.
A more pertinent question is: Do you, or even I, who consider myself well informed on PRC internal matters, even have the ability to understand the meaning of "legal" in China, let alone the legal status of BTCChina's current arrangement with Shanghai Pudong.
You consider yourself well informed on the internal matters of the PRC? Wow, you must be like one of 10 people in the world who can say that. So, what are they going to do about bitcoin?