All our base are belong to Chinese | Bitcointalksearch.org

jonald_fyookball

legendary

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Core dev leaves me neg feedback #abuse #political

Quote from: Abdussamad on April 11, 2014, 08:47:46 PM

Quote from: Beliathon on March 31, 2014, 07:49:32 AM

If China was smart they'd pull all their wealth out of the USD (= sell all our debt they own) and put it into gold /crypto instead. They could literally destroy the dollar and enslave this country over night.

Hardly. They lend you money. You spend it on buying goods from China. Their economy grows.

If they turn to BTC they will still be sending you money. But it'll be going to a handful of early adopters and its deflationary so you won't spend as much.

The Chinese are focused on raising the profile of their own currency the renminbi. They've already done that to a large degree. It's climbing up the table of most widely used trade currencies.

Yeah but didn't we see some announcement that China will now stop increasing it's foreign exchange reserve holdings? What's next?

Abdussamad

legendary

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Quote from: Beliathon on March 31, 2014, 07:49:32 AM

If China was smart they'd pull all their wealth out of the USD (= sell all our debt they own) and put it into gold /crypto instead. They could literally destroy the dollar and enslave this country over night.

Hardly. They lend you money. You spend it on buying goods from China. Their economy grows.

If they turn to BTC they will still be sending you money. But it'll be going to a handful of early adopters and its deflationary so you won't spend as much.

The Chinese are focused on raising the profile of their own currency the renminbi. They've already done that to a large degree. It's climbing up the table of most widely used trade currencies.

bountygiver

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Activity: 100

Merit: 10

Quote from: Evil-Knievel on April 11, 2014, 11:58:47 AM

Quote from: shuaigejc on March 31, 2014, 08:30:24 AM

Yeah, and all other people are selling like idiots, because they think that the chinese will sell. How stupid is this?
When will the nervous asshole-traders finally realize that they're just making idiots of themselves?

They will eventually realize when they run out of coins after having dumped for a few cents and have to go back into their boring, miserable life. But then it's gonna be too late as the Chinese already have bought all the coins.

The panic sellers have serious psychological issues.

This is how you reap the profit from investments. You reap them from the weak-minded.

Evil-Knievel

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This message was too old and has been purged

trust

newbie

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Congratulation ladies and gentlemans, now it is official, you have been Chinesed!

http://www.coindesk.com/chinas-central-bank-governor-pboc-wont-ban-bitcoin/

shuaigejc

newbie

Activity: 28

Merit: 0

Quote from: trust on March 30, 2014, 04:23:12 PM

Oh my, leave fiatleak.com open and look at volumes.
Chinese are buying BTC like giant rabbit eating carrots.

Yeah, and all other people are selling like idiots, because they think that the chinese will sell. How stupid is this?
When will the nervous asshole-traders finally realize that they're just making idiots of themselves?

department

newbie

Activity: 28

Merit: 0

Quote from: direction on March 31, 2014, 07:33:07 AM

China will work with all concerned government may regulate to protect consumers from anti-money laundering and other financial aspects of real-name system.

People's Bank will work with all parties concerned to demonstrate the technical safety, consumer protection, anti-money laundering, financial and other aspects of real-name system, in order to secure for the bottom line, support for payment agencies in the implementation of appropriate institutional arrangements to protect the interests of consumers, the protection and safety of funds paid on the basis of the principles set up by the pilot first-related businesses, maintaining a healthy and orderly development of the payment market.

Beliathon

hero member

Activity: 784

Merit: 1000

https://youtu.be/PZm8TTLR2NU

If China was smart they'd pull all their wealth out of the USD (= sell all our debt they own) and put it into gold /crypto instead. They could literally destroy the dollar and enslave this country over night.

direction

newbie

Activity: 14

Merit: 0

China will work with all concerned government may regulate to protect consumers from anti-money laundering and other financial aspects of real-name system.

Soros Shorts

donator

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Merit: 1012

Quote from: BitBits on March 31, 2014, 02:57:00 AM

Quote from: atp1916 on March 30, 2014, 05:33:04 PM

People on this side of the pond are definitely loading up too. <-- Questionable conclusion IMHO

When this thing gets back up to 800+ where it should be at...

In all fairness, another quite possible (if not more likely) interpretation of this message is that CoinBase simply does not wish to risk the company's financial well being, by holding Bitcoins in any excess (excess defined: - an amount of something that is more than necessary, permitted, or desirable) and so they don't end up "holding a bag", as things are getting worse and worse for Bitcoin valuation. It might be their preference to "sit" mostly on cash and as far as I know, they have been having Bitcoin shortage, most of the time for the past few months, since the major downtrend from $1000's level started.

P.S. I would prefer to be wrong on this, but one has to agree, them (CoinBase) keeping saying that there is huge demand of Bitcoins from their customers, while the price keeps falling down for months now, makes very, very little sense.

My anectodal experience is that there is a huge demand in the US cash/face-to-face market. The past weekend a bunch of localbitcoin traders went out of the way to contact me asking if I could sell them more coins to replenish their dwindling supplies. All this while the price on the online exchanges is crashing. Go figure ...

Honeypot

sr. member

Activity: 420

Merit: 250

#1: Those volumes are suspect.

#2: Last time I checked, crypto is not a chinese invention.

#3: When something crashes, chinese lose just as much as others, if not more.

Stop thinking overblown delusions and get in touch with reality.

RawDog

legendary

Activity: 1596

Merit: 1026

Quote from: Evil-Knievel on March 30, 2014, 04:25:48 PM

Yeah, and all other people are selling like idiots, because they think that the chinese will sell. How stupid is this?
When will the nervous asshole-traders finally realize that they're just making idiots of themselves?

If this is true, then you can make lots of money. Just play the other side. You can always buy or sell. If you see an imbalance, capitalize. What's wrong with you?

sraosha

newbie

Activity: 23

Merit: 0

Most of the Chinese volume comes from Huobi and is FAKE volume. So, while China buys a lot and is important, don't trust the numbers!

ujka

hero member

Activity: 630

Merit: 500

Quote from: Satosh¡ Slot on March 30, 2014, 10:06:40 PM

Fiatleak only shows bought coins so it would only prove a higher volume in trading. And it's common knowledge that most Chinese exchanges fake their trading volume. See BTC China on the vide recordings of the recent BitcoinSummit.

Fiatleak shows ALL trades from exchanges it's monitoring.

luv2drnkbr

hero member

Activity: 793

Merit: 1026

Quote from: Evil-Knievel on March 30, 2014, 08:23:13 PM

I thought it was already discovered to be a huge lame hoax.
This guy who spread this FUD is probably the one who is buying HUGE.

Well if anybody knows about lame hoaxes, it's you.

BitBits

full member

Activity: 144

Merit: 100

Quote from: atp1916 on March 30, 2014, 05:33:04 PM

People on this side of the pond are definitely loading up too. <-- Questionable conclusion IMHO

When this thing gets back up to 800+ where it should be at...

In all fairness, another quite possible (if not more likely) interpretation of this message is that CoinBase simply does not wish to risk the company's financial well being, by holding Bitcoins in any excess (excess defined: - an amount of something that is more than necessary, permitted, or desirable) and so they don't end up "holding a bag", as things are getting worse and worse for Bitcoin valuation. It might be their preference to "sit" mostly on cash and as far as I know, they have been having Bitcoin shortage, most of the time for the past few months, since the major downtrend from $1000's level started.

P.S. I would prefer to be wrong on this, but one has to agree, them (CoinBase) keeping saying that there is huge demand of Bitcoins from their customers, while the price keeps falling down for months now, makes very, very little sense.

Satosh¡ Slot

full member

Activity: 164

Merit: 100

Indie Developer

Fiatleak only shows bought coins so it would only prove a higher volume in trading. And it's common knowledge that most Chinese exchanges fake their trading volume. See BTC China on the vide recordings of the recent BitcoinSummit.

Bit_Happy

legendary

Activity: 2114

Merit: 1040

A Great Time to Start Something!

Quote from: trust on March 30, 2014, 04:00:45 PM

...
Who is running this "spread panic and sell" scheme?
...

Trolls from 4chan?
I agree the recent rumors seem to be fake.

Evil-Knievel

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This message was too old and has been purged

ebliever

legendary

Activity: 1708

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There was a thread a day or two ago from someone claiming to have inside information that the Chinese government was going to buy up a ton of BTC after crashing the price. I'm sure you can find it (it was on this forum) if you check. At the time I dismissed it as just one more rumor, probably nothing to it. But now I'm semi-freaked out. Definitely holding my BTC to see what comes!

Topic: All our base are belong to Chinese (Read 4019 times)