All posts made by osmotic in Bitcointalk.org's Wall Observer thread
1.
Post 17463217 (copy this link) (by osmotic) (scraped on 2020-04-04_Sat_15.01h):
Stamp offline?
No the last trade was a few seconds ago.
editBut I can't access the site. Bitcoinity's showing trades though.
https://twitter.com/Bitstamp/status/818867812827590657Apologies to those having connectivity issues. Our DNS provider is experiencing some troubles. We're working on it!
2.
Post 17463359 (copy this link) (by osmotic) (scraped on 2020-04-04_Sat_15.01h):
Wisdom showed some trades and then I refreshed it and the chart went back flat like they never happened..
Bitcoinity just showed another trade of 0.29 BTC a few seconds ago after a two minute gap. I still can't access bitstamp myself though. If the price was volatile it would be worrying if I couldn't trade while others could.
3.
Post 17465220 (copy this link) (by osmotic) (scraped on 2020-04-04_Sat_15.01h):
Bitstamp's back online for me and it's coinciding with a small upward movement.
4.
Post 17471461 (copy this link) (by osmotic) (scraped on 2020-04-04_Sat_15.01h):
How did it drop so fast? Any news?
On-site inspection (raid) of BTCChina that someone posted earlier? Dunno otherwise. It sucks donkey balls.
It must be due to the news, the timing is too good. The China guberment told those exchanges to stop the half a billion bitcoins a day trading and they carried on allowing it. After this they will start showing sensible daily volumes of trades.
All those exchanges are still online and showing regular trades, but their volume has dropped significantly.
http://www.reuters.com/article/us-markets-bitcoin-pboc-idUSKBN14V10BThe price of digital currency bitcoin slid around $50 on Wednesday after China's central bank said it had launched spot investigations on bitcoin exchanges in Beijing and Shanghai in order to fend off market risks.
The investigation of bitcoin exchanges, including BTCC, Huobi and OKCoin, was to look into possible market manipulation, money laundering, unauthorized financing and other issues, according to the statements posted on the People's Bank of China's website.
5.
Post 17473935 (copy this link) (by osmotic) (scraped on 2020-04-04_Sat_15.02h):
Was bitfinex included in the raids spot checks? Dd it get off the hook because it's in Hong Kong?
6.
Post 17474145 (copy this link) (by osmotic) (scraped on 2020-04-04_Sat_15.02h):
Was bitfinex included in the raids? Dd it get off the hook because it's in Hong Kong?
STOP FUDING, IT'S NOT RAIDS, JUST NORMAL MEETINGS !!!!!!
Sorry, I misinterpreted what reuters said the PBOC said. It called them spot checks in the case of OKCoin and Huobi, but a visit in the case of BTCC.
http://www.reuters.com/article/us-china-bitcoin-idUSKBN14V15QThe PBOC in Beijing, where officers visited the offices of OKCoin and Huobi on Wednesday, said in a statement that "spot checks were focused on how the exchanges implement policies including forex management and anti-money laundering".
Separately in Shanghai, the PBOC said it visited BTCC, noting its checks "focused on whether the firm was operating out of its business scope, whether it was launching unauthorized financing, payment, forex business or other related businesses, whether it was involved in market manipulation, anti-money laundering or (carried) fund security risks."
7.
Post 17474269 (copy this link) (by osmotic) (scraped on 2020-04-04_Sat_15.02h):
All the sell orders on stamp dried up. It's fluctuating between 371 and 529 bitcoins for sale up to $585.
8.
Post 17474701 (copy this link) (by osmotic) (scraped on 2020-04-04_Sat_15.02h):
Just sending fiat to an exchange hehe.
If it goes below 500$ I'll buy half a dozen btc. Well, I would buy at this price too, it's just I have to wait fore the prehistoric wire transfer.
Someone knows a way to instantly buy btc? (Not localbitcoins).
Buy them from a bitcoin ATM.
JimboToronto won't buy them any other way.
9.
Post 17475415 (copy this link) (by osmotic) (scraped on 2020-04-04_Sat_15.02h):
Yes there will be less capital flight buying but since that was anyhow a zero sum buy/sell it probably won't make a difference. What the Chinese can still do is buy bitcoin as a store of value and that has the potential to drive the price much higher.
The BTCC CEO said it's unlikely bitcoin is a big route for capital flight out of China because of all the fees involved in buying bitcoin, withdrawing it, then selling it abroad, and withdrawing fiat.
He says it's more store of value to hedge against the crashing Yuan. When Trump gets into power there is speculation his high import tax of Chinese goods policy could devalue the Yuan further, which could pump bitcoin further.
10.
Post 17476095 (copy this link) (by osmotic) (scraped on 2020-04-04_Sat_15.02h):
what price do you poeple believe we'll "stabilize" on, assuming this madness eventually stops..
I believe at about here $755 to $790.
11.
Post 17476401 (copy this link) (by osmotic) (scraped on 2020-04-04_Sat_15.02h):
id like to add that i have witnessed dozens of dormant wallet since 2011 and 2010 just suddently decides to empty their balance.
Where did you witness that?
Blockchain.info used to have a bitcoin days destroyed chart, but it's disappeared.
Is there any reputable site still providing a bitcoin days destroyed chart?
12.
Post 17477035 (copy this link) (by osmotic) (scraped on 2020-04-04_Sat_15.02h):
Maybe this is all Fake News about China and banks... designed to drive down price, buy cheap, and drive price back up by saying China Bank is ok with Bitcoin
the dump was done as the daily candle changed
manipulation
not to mention they just flat out hammered a pump the second after it was done.
Seems every time there is a big dip, its always something with China and the PBOC.... we got to get off that train someday
It might have been best in the long run if China really had banned bitcoin. It would have taken away any influence the PBOC has over the price forever.
13.
Post 17477327 (copy this link) (by osmotic) (scraped on 2020-04-04_Sat_15.02h):
This could be a double bottom provided the PBOC doesn't do anything else.
14.
Post 17481854 (copy this link) (by osmotic) (scraped on 2020-04-04_Sat_15.02h):
Personally, I was always expecting a correction of price not just for btc but for usd. Did not expect the bottom to dall out so quickly while the dollar has managed to maintain its strength.
Shame that the correction in opposite direction didn't happen for Eth or doge haha.
The whales took advantage of the news and convinced people to panic sell by starting the dump as soon as they heard the news. It's funny how the whales manipulated the market using the news that the PBOC was preparing to prevent any chance of the exchanges manipulating the market.
15.
Post 17483570 (copy this link) (by osmotic) (scraped on 2020-04-04_Sat_15.02h):
Damn, back over $800 already, is that shorts covering?
The longer no news comes out of China about follow ups to the exchange's inspections the higher the price will go. If China takes action against a big exchange it will crash, otherwise it will go back up.
16.
Post 17485691 (copy this link) (by osmotic) (scraped on 2020-04-04_Sat_15.02h):
17.
Post 17486304 (copy this link) (by osmotic) (scraped on 2020-04-04_Sat_15.02h):
Now it's over $820 in the West, must be India driving it up.
18.
Post 17487318 (copy this link) (by osmotic) (scraped on 2020-04-04_Sat_15.02h):
fantastic point we have here gentlemen.... how is that possible?? i just checked and 1 BTC = 67.570 INR (do the math this is equal to 933.44 EURO)
can somebody explain this HUGE gap in price???
indians do not have access to cash and are limited to gold, so bitcoin is the next option. Indian Gold as well has a large difference to western markets
the 500 and 1000 rupee fiat dollars were removed from the economy about a month or 2 back
The Indian government is also confiscating gold, which is making bitcoin more and more popular in India. Any gold that hasn't been taxed gets confiscated if their government can find it.
19.
Post 17488099 (copy this link) (by osmotic) (scraped on 2020-04-04_Sat_15.02h):
The Indian government is also confiscating gold taxing holdings of black money, which is making bitcoin more and more popular in India. Any gold that hasn't been taxed gets confiscated taxed if their government can find it.
FTFY
By "black money" do you mean money tainted by contact with our evil banking overlords?
Probably gold that's had no tax paid on it. If they have an inheritance tax in India I doubt anyone admits they inherited a shit load of gold to the government. They probably also use it to buy and sell things and don't bother declaring the transactions for tax.
20.
Post 17566523 (copy this link) (by osmotic) (scraped on 2020-04-04_Sat_15.02h):
Good morning Bitcoinland.
Still going sideways in the $900 range... currently exactly $900USD at Bitcoinaverage.
The big USA inauguration day whoop-de-doo that everyone seemed to be expecting hasn't happened so far but it's still early.
Like the election day hype, I think it's over-rated.
We'll see.
Trump gets to be president in about half an hour. I don't expect the price to do much immediately afterwards. He can't start changing policies until after the weekend.
21.
Post 17567760 (copy this link) (by osmotic) (scraped on 2020-04-04_Sat_15.02h):
I really don't understand this thing wi th Trump.
I watched the show now and was good to watch him saying we will give power to people, when he say we not only transfer power from one president to another but today we transfer power to you to people.
What is the relation of BTC and Trump compare to price??
Also please have a look on that about ETF
http://www.coindesk.com/ex-gemini-lawyer-sec-unlikely-to-approve-winklevoss-bitcoin-etf/All people here in the forum spoke about a YES on ETF but the news look different..
Maybe is the same how news spoke about Trump before elections and after the result was different? who knows...
None of the commentators to that story agree with it. In this one the commentator asks why Mr. Castillo is an "EX"-Gemini lawyer, and suggests that's the reason he's saying Gemini won't get approved.
http://disq.us/p/1ffhslxDan 2 hours ago
First the article quotes him as saying, "It seems unlikely, among all the other reasons, that the commission is going to want to move forward with a product where the major trading is done on an exchanges that may not be following our AML guidelines."
Yet almost immediately after, the article goes on to acknowledge that China is, in fact, making efforts to implement AML practices:
"That, coupled with the China government’s recent crackdown on cryptocurrency exchanges and anti-money laundering practices, makes for an even less likely approval, he said."
Yet in the second comment, the Chinese crackdown is evidence of somehow dissuading the commission from approval. What?
I would be interested in knowing why Mr. Castillo is an "EX"-Gemini lawyer and if he has any ulterior motives to insinuate that Gemini does not get approval.