TheRobin Posted December 7, 2013 Posted December 7, 2013 intersting explanation/summary of the latest BTC events http://bitcoinmagazine.com/8778/bitcoin-chinas-new-special-economic-zone/
Bulbasaur Posted December 7, 2013 Posted December 7, 2013 Thanks, that seems like a much more levelheaded analysis than most of the headlines I've seen. I also just came across this, which gives a similar assessment: http://www.reddit.com/r/Bitcoin/comments/1sbefw/chinese_investment_banker_says_what_nobody_in_the/
Rob_Ilir Posted December 7, 2013 Posted December 7, 2013 Thank you for the info Bulba. In that graph, did you put the red and blue limit lines or can I too find it like that somewhere?
Bulbasaur Posted December 7, 2013 Posted December 7, 2013 I'm not quite sure which lines you're referring to, but I got the chart from bitcoincharts.com. http://bitcoincharts.com/charts/mtgoxUSD#rg10zig6-hourztgSza1gEMAzm1g10za2gEMAzm2g21zv
zg7666 Posted December 8, 2013 Author Posted December 8, 2013 I've just found this. https://images.weserv.nl/?url=www.sierrachart.com/image.php?l=1386531466910.png&fnr
TheRobin Posted December 8, 2013 Posted December 8, 2013 where does that down-arrow come from? (I mean how do the chartmakers base their prediction on?) Or is this more basic trader knowledge/methodology?
zg7666 Posted December 8, 2013 Author Posted December 8, 2013 pennant forming in traditional Tehnical analasyis should mean we go down more... but again, it is just TA. They see the market as 80% psychological. http://www.investopedia.com/terms/t/technicalanalysis.asp or https://en.wikipedia.org/wiki/Technical_analysis
zg7666 Posted December 16, 2013 Author Posted December 16, 2013 "Alleged" news from China on Weibo that Chinese banks are banned from funding BTCChina.
Ruben Zandstra Posted December 18, 2013 Posted December 18, 2013 That is still pretty dam expensive. I fought it went down to $30 or something like that . Perhaps today ...
J-William Posted December 18, 2013 Posted December 18, 2013 "Alleged" news from China on Weibo that Chinese banks are banned from funding BTCChina. BTC China (the worlds's larget exchange) says they are temporarily suspending CNY deposits. I needed about $200 in my US bank account and figured out that Bitcoin was the cheapest and easiest way to do that... and after I transferred the money the Chinese government realized the same thing. I'm not sure I should feel smart, or not...
FreedomPhilosophy Posted December 19, 2013 Posted December 19, 2013 The November rally didn't have significant volume behind it, December has been about profit taking from those latecomers.The important price action is around the $100-$250 price range, and that will probably be tested again if the $460 low doesn't attract more interest.
zg7666 Posted December 19, 2013 Author Posted December 19, 2013 http://www.reddit.com/r/Bitcoin/comments/1t8j7c/proof_that_btc38_takes_cny_for_btcltcxrp_etc/ BTC38.com accepts CNY for BTC.. LTC.. etc. - I am not sure, looks quite shaky to me. That is probably what is behind this rally, for now.
FreedomPhilosophy Posted January 6, 2014 Posted January 6, 2014 So, that $460 area attracted a lot of buyers! Here's my post-mortem of the "bubble" hypothesis. Bitcoin has tanked quite a few times before, it's nothing new.
zg7666 Posted January 31, 2014 Author Posted January 31, 2014 http://www.coindesk.com/btc-china-accepting-bank-deposits/ No price impact so far. Probably because of Chinese new year.
zg7666 Posted February 20, 2014 Author Posted February 20, 2014 Yesterday, Jeff Berwick of the The Dollar Vigilante wrote: Rumor from quite reliable sources telling us that things are about to get very ugly at Mt. Gox. Stay Tuned. "Being told if you have a small amount or nothing on Mt Gox but have an account to just delete your account. If you have a large amount it is up to you."
TheRobin Posted February 21, 2014 Posted February 21, 2014 I'm not quite following that: Why is it necessary to delete an account with nothing in it?
Wesley Posted February 21, 2014 Posted February 21, 2014 Yes, I do not understand this either. Either the small amount will be gone or not or the empty account will be gone or not. I dont understand the problem.
zg7666 Posted February 26, 2014 Author Posted February 26, 2014 Today he said: Remember when I warned it was going to be a bad week for Mt. Gox a week ago? This is what I was talking about (good sources). They may also go after Mt Gox clients in a "money laundering" (aka not wanting to be extorted) manhunt. http://www.maxkeiser.com/2014/02/mt-gox-subpoenaed/
J-William Posted February 26, 2014 Posted February 26, 2014 I think it's promising that the two largest bitcoin exchanges have experienced government problems. BTC China not being able to take deposits and Mt.Gox having the evil eye of Sauron turned their way... and yet bitcoin is still going strong!
Recommended Posts