Bitcoin at $1050.. China "inspection" has to be coming.

hase0278

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Quote from: snipie on March 15, 2017, 04:04:20 PM

Quote from: SaShiRaJaVu on March 14, 2017, 01:39:26 PM

Quote from: Famnant on March 14, 2017, 12:29:29 PM

Most wealthy people do not know about bitcoin. Even all the bitcoins are used in the capital flight, it is less than $20 billion.

Most wealthy people might not know about bitcoin or are not interested in investing in bitcoin as it might be hard for them to understand about how these things work,they will be having their own way to make maintain their assets like in the stock exchange and so on and if ETF was approved there might be a chance to see more investors pouring money in bitcoin.

People already having billions of dollars in their pockets will prohibit them from thinking about bitcoin for a while but when they will wake up it will be too late Wink

For the big companies i am pretty sure that they are aware but they are waiting. Someone needs to start so the others will follow one by one

I agree with you. All bitcoin users I think just needs to stop thinking about China inspection becausw it got nothing to do with us. I know that it might affect the price but I doubt if they would still make huge impact on market right now specially that they dump the coins they got because of inspections. Soon though China would not have any influence in price.

snipie

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Quote from: SaShiRaJaVu on March 14, 2017, 01:39:26 PM

Quote from: Famnant on March 14, 2017, 12:29:29 PM

Most wealthy people do not know about bitcoin. Even all the bitcoins are used in the capital flight, it is less than $20 billion.

Most wealthy people might not know about bitcoin or are not interested in investing in bitcoin as it might be hard for them to understand about how these things work,they will be having their own way to make maintain their assets like in the stock exchange and so on and if ETF was approved there might be a chance to see more investors pouring money in bitcoin.

People already having billions of dollars in their pockets will prohibit them from thinking about bitcoin for a while but when they will wake up it will be too late Wink

For the big companies i am pretty sure that they are aware but they are waiting. Someone needs to start so the others will follow one by one

SaShiRaJaVu

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Quote from: Famnant on March 14, 2017, 12:29:29 PM

Most wealthy people do not know about bitcoin. Even all the bitcoins are used in the capital flight, it is less than $20 billion.

Most wealthy people might not know about bitcoin or are not interested in investing in bitcoin as it might be hard for them to understand about how these things work,they will be having their own way to make maintain their assets like in the stock exchange and so on and if ETF was approved there might be a chance to see more investors pouring money in bitcoin.

Famnant

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Quote from: richardsNY on March 03, 2017, 02:46:41 PM

Quote from: Hazir on March 03, 2017, 02:34:49 PM

Quote from: richardsNY on March 03, 2017, 01:51:56 PM

Right now the demand is purely coming from western exchanges. I am quite satisfied with how the PBOC broke down the leading role of Chinese exchanges. It was all hot air that right now clearly has vanished. Remember how much FUD was coming from China, which time on time again caused the market to go South heavily? It feels good seeing that China is losing its significance in Bitcoin trading. They don't contribute, but just take and destroy. Reckless gamblers are they.

I share your opinion and I am glad that China appears to be no longer the key factor in setting up the price of BTC.
At the same time I don't think we are out of the woods yet. Chinese traders shifted their attention from centralized exchanges to p2p trading.
PBoC might still see Bitcoin as potential asset which is used to transfer money out of the china and fight with Yuan devaluation.
There is always a possibility that in the future they might enforce some ridiculous restrictions.

Capital flight is indeed the main sensitive spot of the paranoid Chinese government, but even though Bitcoin serves perfectly for that purpose, the wealthy individuals aren't tied to Bitcoin in that regard. They have alternative ways of securing their wealth elsewhere. The harder the government is forcing through their idiotic regulations, the further it will drive people from exchanges. That's why I believe that p2p trading will continue to boom in China.

Most wealthy people do not know about bitcoin. Even all the bitcoins are used in the capital flight, it is less than $20 billion.

richardsNY

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Quote from: Hazir on March 03, 2017, 02:34:49 PM

Quote from: richardsNY on March 03, 2017, 01:51:56 PM

Right now the demand is purely coming from western exchanges. I am quite satisfied with how the PBOC broke down the leading role of Chinese exchanges. It was all hot air that right now clearly has vanished. Remember how much FUD was coming from China, which time on time again caused the market to go South heavily? It feels good seeing that China is losing its significance in Bitcoin trading. They don't contribute, but just take and destroy. Reckless gamblers are they.

I share your opinion and I am glad that China appears to be no longer the key factor in setting up the price of BTC.
At the same time I don't think we are out of the woods yet. Chinese traders shifted their attention from centralized exchanges to p2p trading.
PBoC might still see Bitcoin as potential asset which is used to transfer money out of the china and fight with Yuan devaluation.
There is always a possibility that in the future they might enforce some ridiculous restrictions.

Capital flight is indeed the main sensitive spot of the paranoid Chinese government, but even though Bitcoin serves perfectly for that purpose, the wealthy individuals aren't tied to Bitcoin in that regard. They have alternative ways of securing their wealth elsewhere. The harder the government is forcing through their idiotic regulations, the further it will drive people from exchanges. That's why I believe that p2p trading will continue to boom in China.

Hazir

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Quote from: richardsNY on March 03, 2017, 01:51:56 PM

Right now the demand is purely coming from western exchanges. I am quite satisfied with how the PBOC broke down the leading role of Chinese exchanges. It was all hot air that right now clearly has vanished. Remember how much FUD was coming from China, which time on time again caused the market to go South heavily? It feels good seeing that China is losing its significance in Bitcoin trading. They don't contribute, but just take and destroy. Reckless gamblers are they.

I share your opinion and I am glad that China appears to be no longer the key factor in setting up the price of BTC.
At the same time I don't think we are out of the woods yet. Chinese traders shifted their attention from centralized exchanges to p2p trading.
PBoC might still see Bitcoin as potential asset which is used to transfer money out of the china and fight with Yuan devaluation.
There is always a possibility that in the future they might enforce some ridiculous restrictions.

manselr

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Quote from: richardsNY on March 03, 2017, 01:51:56 PM

Quote from: Famnant on March 03, 2017, 11:26:25 AM

Quote from: Herbert2020 on February 21, 2017, 06:01:01 AM

forget about China inspection now, price broke the $1100 resistance.
China and their public bank and what it says has started to get less and less importance, they are out of the game and even if they weren't the FUD of an "inspection" can not last forever, you can only use the same approach for FUD a couple of limited times not forever!
and right now we are on the rise and nobody talks about the inspection. and inspection is in progress

The price is already $1298. I think the influences by the Chinese are getting less and less as time goes on.

Right now the demand is purely coming from western exchanges. I am quite satisfied with how the PBOC broke down the leading role of Chinese exchanges. It was all hot air that right now clearly has vanished. Remember how much FUD was coming from China, which time on time again caused the market to go South heavily? It feels good seeing that China is losing its significance in Bitcoin trading. They don't contribute, but just take and destroy. Reckless gamblers are they.

OTC trading for the chinese dollar is at all time highs, localbitcoin is getting used to replace the frozen exchanges, but indeed, we no longer depend on chinese traders which is good news, they got the mining monopoly, we can't let them any monopoly on anything else.

richardsNY

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Quote from: Famnant on March 03, 2017, 11:26:25 AM

Quote from: Herbert2020 on February 21, 2017, 06:01:01 AM

forget about China inspection now, price broke the $1100 resistance.
China and their public bank and what it says has started to get less and less importance, they are out of the game and even if they weren't the FUD of an "inspection" can not last forever, you can only use the same approach for FUD a couple of limited times not forever!
and right now we are on the rise and nobody talks about the inspection. and inspection is in progress

The price is already $1298. I think the influences by the Chinese are getting less and less as time goes on.

Right now the demand is purely coming from western exchanges. I am quite satisfied with how the PBOC broke down the leading role of Chinese exchanges. It was all hot air that right now clearly has vanished. Remember how much FUD was coming from China, which time on time again caused the market to go South heavily? It feels good seeing that China is losing its significance in Bitcoin trading. They don't contribute, but just take and destroy. Reckless gamblers are they.

Famnant

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Quote from: Herbert2020 on February 21, 2017, 06:01:01 AM

forget about China inspection now, price broke the $1100 resistance.
China and their public bank and what it says has started to get less and less importance, they are out of the game and even if they weren't the FUD of an "inspection" can not last forever, you can only use the same approach for FUD a couple of limited times not forever!
and right now we are on the rise and nobody talks about the inspection. and inspection is in progress

The price is already $1298. I think the influences by the Chinese are getting less and less as time goes on.

Herbert2020

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forget about China inspection now, price broke the $1100 resistance.
China and their public bank and what it says has started to get less and less importance, they are out of the game and even if they weren't the FUD of an "inspection" can not last forever, you can only use the same approach for FUD a couple of limited times not forever!
and right now we are on the rise and nobody talks about the inspection. and inspection is in progress

Ekanenf

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Quote from: BrewMaster on February 20, 2017, 12:54:03 PM

you should all stop waiting around for China to make a move and then you make your move. because while you are waiting around impotently, all the whales all around the world are accumulating coins and getting ready to make their move without you.
China is not going anywhere...

The Chinese are less relevant now.

jubalix

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It wont be an "inspection" but some sort of new PBOC or some other Chinese gov realted action, proclamation, btc is now illegal etc.

However the market will become increasing immune to this as it seems the exchanges have no BTC anyway hence the band on withdrawals, and they were likely selling other people BTC to try and keep the market down.

Even if wrong, the market will bore of repeated PBOC whatever.

sakinaka

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Another China inspection and its consequences, whatever they are, will have a lot less important effect on the price. Last time, with the exchanges closed, the biggest part of the worldwide volume disappeared. Now, from what I red in the day, the effect would be a lot less important given how the volume fled from China to settle equaly around the world.

BrewMaster

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There is trouble abrewing

you should all stop waiting around for China to make a move and then you make your move. because while you are waiting around impotently, all the whales all around the world are accumulating coins and getting ready to make their move without you.
China is not going anywhere...

audaciousbeing

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Quote from: spazzdla on February 17, 2017, 10:40:18 AM

Do you think it will be in less than 24 hours?

Lol this is really funny, This same thing I didnt believe until the last one happened when I had read it few days before and I was thinking its just a mere coincidence and nothing else until when price starts crashing and I read again, its due to Chinese inspection. But this time, I want to still hold the believe that it wont happen because the inspection has been ongoing since the last time and the price of bitcoin, has equally maintained stability.

Vaccinus

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Quote from: aardvark15 on February 18, 2017, 04:49:59 PM

Is something keeping the ceiling at $1070? Bitcoin seems to not be able to break through for some reason.

not the first time the price look artificially limited, like when was stuck for week at $400-500, remember the $500 mental barrier, i'm not sure like other that this can be because of regulation in PBOC and frozen withdrawals

cellard

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Quote from: Famnant on February 20, 2017, 11:42:45 AM

Quote from: ?? on ??

Im also sick of hearing PBOC this, PBOC that. I look forward to seeing Chinah as an inconsequential player in bitcoin.

The more the PBOC interferes, the less effect it has.

Indeed, we are seeing the effect of repeated action at work. The more they attack, the less impressive the attack is, that's what happens when they try that tactic, its useless, it losses the the initial impact. Now all it does is a feedback effect where the price recovers stronger.

Famnant

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Quote from: ?? on ??

Im also sick of hearing PBOC this, PBOC that. I look forward to seeing Chinah as an inconsequential player in bitcoin.

The more the PBOC interferes, the less effect it has.

cellard

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Quote from: talkbitcoin on February 19, 2017, 06:11:10 AM

China has lost their share of the market since their exchanges went out of the scene and they no longer are relevant to bitcoin price. we may see some random FUD here and there but no more inspections, suspension,.... can affect bitcoin price as big as they used to.

besides, if you really think about it with some logic. no amount of inspection or even disabling of exchanges can stop bitcoin price from going up, because as we can evidently see, people will continue buying bitcoin even if it means going to a back alley and exchanging bitcoin with cash as they are currently doing in China and on localbitcoins.

The price lags behind on OkCoin, its confirmed, now we are looking at Bitfinex and Bitstamp for the global price reference.

The dip we saw recently was just normal development of ups and downs, so now we are back at 1063.74 (bistamp price) and growing. The march towards a new ATH continues.

talkbitcoin

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All I know is that I know nothing.

China has lost their share of the market since their exchanges went out of the scene and they no longer are relevant to bitcoin price. we may see some random FUD here and there but no more inspections, suspension,.... can affect bitcoin price as big as they used to.

besides, if you really think about it with some logic. no amount of inspection or even disabling of exchanges can stop bitcoin price from going up, because as we can evidently see, people will continue buying bitcoin even if it means going to a back alley and exchanging bitcoin with cash as they are currently doing in China and on localbitcoins.

snipie

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Quote from: spazzdla on February 17, 2017, 10:40:18 AM

Do you think it will be in less than 24 hours?

I doubt it will happens and even if it will be the case it will haven't or at least it will have a small impact in the price since the Chinese exchanges aren't leading the market the way it was before Wink

So let them inspect what they want

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Quote from: Zaun on February 18, 2017, 08:27:38 PM

Quote from: aardvark15 on February 18, 2017, 04:49:59 PM

Is something keeping the ceiling at $1070? Bitcoin seems to not be able to break through for some reason.

Everytime the People's Bank of China comes with new measures. Every time when the price is up.
I don't think that is a coincidence. They are behind the fact that bitcoin price is not surging because of the upcoming ETF.

In the past few rise such a coincidence took place, which led to the price fall. This time I don't think such impacts won't be felt upon bitcoin even if PBOC make regulatory actions. As the fake volume is vanished, now the true growth makes price move forward.

Zaun

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Quote from: aardvark15 on February 18, 2017, 04:49:59 PM

Is something keeping the ceiling at $1070? Bitcoin seems to not be able to break through for some reason.

Everytime the People's Bank of China comes with new measures. Every time when the price is up.
I don't think that is a coincidence. They are behind the fact that bitcoin price is not surging because of the upcoming ETF.

aardvark15

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Is something keeping the ceiling at $1070? Bitcoin seems to not be able to break through for some reason.

aso118

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Quote from: Wei H on February 17, 2017, 09:03:08 PM

Quote from: Taki on February 17, 2017, 03:40:11 PM

I don't believe there is any China "inspection" that doesn't give to bitcoin to grow higher than 1050$. Show me any proves about that and maybe I will change my opinion.

Yeah, There is China inspection going on, but it seems that the price is much more stable comparing with the something like that happened back in 2013, it was a terrible crash after Chinese government issued a decree.

We can't compare Bitcoin of 2017 with Bitcoin of 2013. There are institutional players, waiting on the sidelines to get in through ETFs. Even if the PBOC did issue a decree now, nobody is expecting a crash of more than $50-$100.

RoommateAgreement

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Bazinga!

Quote from: spazzdla on February 17, 2017, 11:25:32 AM

Quote from: BillyBobZorton on February 17, 2017, 10:59:36 AM

Quote from: spazzdla on February 17, 2017, 10:40:18 AM

Do you think it will be in less than 24 hours?

The price doesnt react anymore to the chinese tricks and traps, we are now past that. Bitcoin holders know that everytime they panic sell because of PBOC bullcrap they are making the corrupt chinese government richer. The solution is to hold and get rich ourselves. If these fuckers want bitcoin they will not get it at a discount.

I bet the PBOC can drop the price $100 again. It's worked like 25 times before..

we can only wish now for prices that are anything lower than $900 because those good days are long gone.
now all we can get is 4 digit price and possibly with massive scale amount of FUD some $980 again for a short time before it is back to 4 digits price again.

Wei H

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Quote from: Taki on February 17, 2017, 03:40:11 PM

I don't believe there is any China "inspection" that doesn't give to bitcoin to grow higher than 1050$. Show me any proves about that and maybe I will change my opinion.

Yeah, There is China inspection going on, but it seems that the price is much more stable comparing with the something like that happened back in 2013, it was a terrible crash after Chinese government issued a decree.

Seansky

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Well I think even if China inspection is coming it won't effect bitcoin's price that much any longer. I know there might be a drop that will occur because of it but it will not be as big as the ones that have happened in the past since they are not the no. 1 in terms of volume anymore. Soon their dumping and price manipulation will have no effect on bitcoin's price that is if they continue to drive it's price down.

Pab

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Yesterday i ve been reading very wise article on Coindesk that bitcoin price will stay on around 1000$ level for monh or two,thay were also predicting of altcoins price rise,todaywe have bitcoin on 1050$ level alts are going down, i am really sic about PBOC infuance on bitcoin price,it is all positive in long term,bicoin is recognised in China like a virtual goods,very good definition,i will like to have something like that in Europe

Taki

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I don't believe there is any China "inspection" that doesn't give to bitcoin to grow higher than 1050$. Show me any proves about that and maybe I will change my opinion.

cpfreeplz

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I couldn't see it on a weekend. When it does come out though there will be a significant dip. There was obviously so much manipulation but we all knew that from the start.

spazzdla

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Quote from: cellard on February 17, 2017, 01:14:21 PM

Quote from: spazzdla on February 17, 2017, 10:40:18 AM

Do you think it will be in less than 24 hours?

You expect a PBOC price manipulation everytime we go above $1000 only because it has happened in the past, but kindergarten tier education on trading tells us that past performance does not predict future performance, so sooner or later you will expect a dump and you will get a pump instead.
It's physically impossible to keep the price this low, BTC will grow to $10,000 eventually, so the event of china failing to supress the $1000 price is going to happen.

I like your optimism. Although I am a little more moon mode.. I am aiming for $100,000.00 by 2035.

cellard

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Quote from: spazzdla on February 17, 2017, 10:40:18 AM

Do you think it will be in less than 24 hours?

You expect a PBOC price manipulation everytime we go above $1000 only because it has happened in the past, but kindergarten tier education on trading tells us that past performance does not predict future performance, so sooner or later you will expect a dump and you will get a pump instead.
It's physically impossible to keep the price this low, BTC will grow to $10,000 eventually, so the event of china failing to supress the $1000 price is going to happen.

European Central Bank

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Quote from: quake313 on February 17, 2017, 01:00:54 PM

I do believe "Chinacoin" dominance is over. Its all about "Japancoin" now.

bitcoin operations in japan are soon to be subjected to the most expensive regulation in the world. $300-500,000 to apply and loads more to stay going. whatever businesses there are there, and there seem to be virtually none, won't be able to afford to keep the lights on.

quake313

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Quote from: Gillette on February 17, 2017, 12:47:33 PM

Quote from: spazzdla on February 17, 2017, 10:40:18 AM

Do you think it will be in less than 24 hours?

We need one more "inspection" to buy more coins under 1.000 USD Grin

I do believe "Chinacoin" dominance is over. Its all about "Japancoin" now.

arcanaaerobics

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China

All this grief because they were so greedy to collect as much bitcoin and now when they have problems organizing their shit the whole world has to suffer along with them.
They drag us down with their massive failures with bitcoin.
This is decentralized so this should of never had happened in the first place.
That was the fundamental reason what Satoshi Nakamoto created bitcoin in the first place. Roll Eyes

So not one person or group of people control the entirely of it's ecosystem to control it's journey forward. Angry

Gillette

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Quote from: spazzdla on February 17, 2017, 10:40:18 AM

Do you think it will be in less than 24 hours?

We need one more "inspection" to buy more coins under 1.000 USD Grin

_nur

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if you read coindesk it's the japanese

you know japanese bitflyer exchange and wallet is insured by mitsui/mitsubishi

no more mt. gox

smoothie

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The Chinese are losing their ability to move the market with their BS the more they do it.

The western exchanges are leading the market now in terms of direction.

Who cares what "China that cried wolf a thousand times" says?

smoothie

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The Chinese are losing their ability to move the market with their BS the more they do it.

The western exchanges are leading the market now in terms of direction.

Who cares what "China that cried wolf a thousand times" says?

Bitcoinsummoner

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Maintain Social Distance, Stay safe.

Quote from: spazzdla on February 17, 2017, 11:25:32 AM

Quote from: BillyBobZorton on February 17, 2017, 10:59:36 AM

Quote from: spazzdla on February 17, 2017, 10:40:18 AM

Do you think it will be in less than 24 hours?

The price doesnt react anymore to the chinese tricks and traps, we are now past that. Bitcoin holders know that everytime they panic sell because of PBOC bullcrap they are making the corrupt chinese government richer. The solution is to hold and get rich ourselves. If these fuckers want bitcoin they will not get it at a discount.

I bet the PBOC can drop the price $100 again. It's worked like 25 times before..

It can be still happen since the other people are just following the trends if one of the holders are selling high amount of bitcoin if they seen about the new traps made the other people who are following the trend can be sale bitcoins also that can push the price down again. but i think the other people or holders wont let the price down back and many supporters are always waiting for the price low.. so the price could be increase back fast..

European Central Bank

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Quote from: spazzdla on February 17, 2017, 11:25:32 AM

I bet the PBOC can drop the price $100 again. It's worked like 25 times before..

what would they do? i can't really think of much else left in their ammo pouch now. if you'd told people a few months ago that chinese exchanges had stopped withdrawals and the price was $1050 they'd think you were nuts.

mining? it would be real interesting to see what the market reaction to them getting heavy on miners would be.

CyberKuro

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Quote from: BillyBobZorton on February 17, 2017, 10:59:36 AM

Quote from: spazzdla on February 17, 2017, 10:40:18 AM

Do you think it will be in less than 24 hours?

The price doesnt react anymore to the chinese tricks and traps, we are now past that. Bitcoin holders know that everytime they panic sell because of PBOC bullcrap they are making the corrupt chinese government richer. The solution is to hold and get rich ourselves. If these fuckers want bitcoin they will not get it at a discount.

You're right man, but my concern is about traders that have been planned to sell their bitcoin and cause others to panic sell.
I hope more people/adopters realize that if they keep doing so, we can't expect higher price of bitcoin instead of stagnant in these prices level, then when we could reach ATH such as in 2013? Bitcoin will reach it obviously, but I expect it in the next month.

ko0ll0ove

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No, I don't think it will happen again. Because they've done that just about 2-3 weeks ago and now two of their biggest exchange market has been closed from withdrawing so maybe they can not do any big shot like what they did before... If there have to be an inspection from china, I think it will take 1-2 more month. So by that time, maybe the bitcoin price has grow up to 1k1$ or even more, and I think the lowest point if bitcoin go down will be bigger than 1k$.

erpbridge

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Quote from: spazzdla on February 17, 2017, 10:40:18 AM

Do you think it will be in less than 24 hours?

Wasn't yesterday the prices on other exchanges about 50$ more than the chinese exchanges ? I feel even if they implement something like that, it won't be much effective this time. People have started catching on.

soul-impact

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Run.. Bitcoin run.. The Chinese are coming to town. They will crush everything. Everybody must sell your Bitcoin right away.
LOL. Just kidding. I think that the Bitcoin prices can last more than 24 hours because most of the trading platform have decided not to let any traders withdraw their money in Bitcoin

spazzdla

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Quote from: BillyBobZorton on February 17, 2017, 10:59:36 AM

Quote from: spazzdla on February 17, 2017, 10:40:18 AM

Do you think it will be in less than 24 hours?

The price doesnt react anymore to the chinese tricks and traps, we are now past that. Bitcoin holders know that everytime they panic sell because of PBOC bullcrap they are making the corrupt chinese government richer. The solution is to hold and get rich ourselves. If these fuckers want bitcoin they will not get it at a discount.

I bet the PBOC can drop the price $100 again. It's worked like 25 times before..

BillyBobZorton

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Quote from: spazzdla on February 17, 2017, 10:40:18 AM

Do you think it will be in less than 24 hours?

The price doesnt react anymore to the chinese tricks and traps, we are now past that. Bitcoin holders know that everytime they panic sell because of PBOC bullcrap they are making the corrupt chinese government richer. The solution is to hold and get rich ourselves. If these fuckers want bitcoin they will not get it at a discount.

20kevin20

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Hmm.. They already inspected it and I don't think this will happen again. Even if it does, there's nothing they can do about it unless they'll censor the Internet (and probably there will be people still finding out ways to get to Bitcoin)..

arcanaaerobics

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Then if china finds more stuff going on and there is another crackdown on it then expect the price to tumble fast again back down to under $962 again just like last time they found something and closed down the exchanges until it was answered by the executives. Roll Eyes

spazzdla

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Quote from: calkob on February 17, 2017, 10:45:15 AM

"Haylo tis is china cawing, Bitacoina is going to moon again, we need anather inspection" Grin

hehehe

.

calkob

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"Haylo tis is china cawing, Bitacoina is going to moon again, we need anather inspection" Grin

spazzdla

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Activity: 1722

Merit: 1000

Do you think it will be in less than 24 hours?

Topic: Bitcoin at $1050.. China "inspection" has to be coming. (Read 2652 times)