Quote from: billyjoeallen on April 11, 2014, 11:46:00 PM

Quote from: chessnut on April 11, 2014, 11:13:07 PM

Quote from: billyjoeallen on April 11, 2014, 10:56:03 PM

The sentiment on this thread is interesting. The people who bought into the rally today seem upset that the price didn't go up more when if they were capable of sustaining a rally they would be happy the price is going down so they could accumulate more coins. I don't yet see any signs of new capital infusion. Such low volume on a Friday night seems to indicate we're going to have a week end dip.

Im pretty happy with a $100 rally tbh. +1 about the weekend dip, but there is nothing (yet) to drive it to lows or even close. maybe $30-40. I wouldn't be surprised if we rally some more either. the china unban 'news' hits the spot. it's the first scrap of pro bitcoin we have heard from PBOC. should calm some nerves.

The bearish case about China is that with the Middle Kingdom still in play, the uncertainty weighs on the market. Silk road closed and we had a monster rally. Gox closed and we shot up from $400 to $710. Uncertainty was removed. China is still alive and kicking, which means that the money allocated for investing after the China crash may never enter the market.

yah, will be telling on the 15th. but I wonder how much FUD this statement removes from the chinese market. Chinese can feel comfortable about holding bitcoins now ("like stamps"), although it was fact that bitcoin wasn't outright "banned" before. I think this tells us that the worst that can happen from here is that Huobi is affected as the other exchanges, and that would be pretty bad too. But there is also potential for the 15th to be positive. The chinese officials love to screw with the market it seems, and it may be that they bought a pile yesterday. If they are officially not going to ban bitcoin, then I think the announcement on the 15th (if any) might be positive beyond expectations.