Topic: BREAKING NEWS ....BITCOIN > CHINA (Read 3043 times)

I agree it was us white devils that actually broke the 400 mark...

It is a dark day for crypto @ the moment I still have 75% of my fiat on the sidelines ...

The fundamentals will turn the market soon ... currently both LTC & BTC cant be mined for the prices that are @ spot ...at some point the this will start to bite by miners wont sell for less than there cost base or there will be wholesale removal of hash power from teh network

Sitting on hands until 18th

AFAIK around 60% of volume was Chinese

So 400-500 would be the neutral China free price. However there was Gox, and there is a lot of emotion now, we could go as low as $260-270, back to the old high last year.

That high of 266, btw., was achieved without almost any Chinese speculation at all.

And infrastructure is much, much better now. THE FALL FROM 266 TO 50 WAS BECAUSE OF MTGOX TRADING ENGINE DELAY REMEMBER?

I wish there was good info on how much BTC is actually owned/sold by Chinese and how much of this drop is caused by Westerners panic selling 

Pure speculation @ the moment .. I watched as 3 million dollars tried to break the 400 mark ...

They waited until teh market was thin and hit it again with another 4 million dollars ..finally they broke the 400 mark .. guess what we are still @ 392

The so called race to the bottom has not happened... Bring on march 15 and lets get rid of the CHINA question

I can tell you that the smart money is not getting out and as has been pointed out they will move it offshore

I fully agree that if china wanted to BAN crypto ..they could limit it so much that the CHinese effect would be marginal ....but they dont ..I think it is the same as in a lot of things in chinese soiciety they want to limit it to a few and not the masses

LONG LIVE REPRESSIVE REGIMES and delicious special fried chikun

You seem to life in a free country. Chinese cant do that that way.

I agree ... but we must know that China was a huge part of Bitcoin society ...
I guess 50% traders were from China ...

But I think so too! We do not need them. And I am 99% they will never abandon Bitcoin ship x)

I bought my coins at bitcoin.de. A few months later they finally connected to a bank. How did I buy my bitcoins? Simple: I just wired the money to the seller directly. Bitcoin.de just hold the bitcoins. On the other hand: How do you get money to an online casino?

Tell me, how will money move in and out of those exchanges?

The chinese exchanges will just move the servers outside of China or in Hong Kong.......just a minor delay for the rocket launch

The Chinese Bitcoin speculators are parasites.  

They know full well they have no hope of actually implementing Bitcoin technology in their communist society, so the best they can do is make a buck off the technology and siphon off capital from all the other investors around the world.

Good riddance.

what is the impact of China to the Bitcoin world?

I am a market fan. I think the market price is the best indicator predicting the future (not past price, the current price), because the best informations get aggregated in the current price. Every new information (bearish or bullish) gets priced in. So the last price drop was MtGox and now China.

But why is China such a big impact? Because of the trading volumes of its exchanges? I really don't trust them. There might be a little more trading because of zero fees but really? I mean if you add it up Huobi and OkCoin each account for 5times more volume than the biggest exchange of USD. Don't get me wrong. China might not trust their goverment and looking for a safe investment. On the other hand I was in China and people trust their goverment. If you compare that to europe or the US, people in China are much more pro-goverment. Americans and Europeans mistrust their politicans much more. So therefore shouldn't be the western world the leading power in Bitcoin.
Furthermore, the infrastruture in building up in the western world, not in China.

So what is the impact of China to the Bitcoin world? I am talking about the real value of Bitcoin. Fast and cheap transactions. Using Bitcoins. In China? I don't think so! Therefore Chinas impact is marginal.

So does this mean the market reaction is wrong? Hm we don't know. Maybe the market overestimated the impact of China for the last half year and only because of that the price has shooten up.

my Bad

...lolz ..really how old are you 10 .. "ppl buy stuff and dont sell" .. Oh ok that makes a lot of sense....... lolz

Can anybody explain to me how that makes sense...

"Sell my coinz now " ...you forgot the last bit to that line " before its too late"

FYI I just bought a lotttttt today in coinz and plan to buy more tommorow....lets see who is smiling in 6 months

Also once again I offer you to put your money where you FUD whole is or are you just full of piss and vinegar

P.P.S There is also another solution to your problem ..you can always leave crypto and from the sound of pain in your voice it would probably be better if u did  



 

Technically this is a $1200 crash. $266 was the highest of the rally, remember?

Well yea ! cool. Scammers love it. Selling stuff on ebay and co without any risk. great idea.
I dont know what kind of retard you are, but grow up.

It is NOT READY for the normal guy. BTC was an nice invention to show that there is other, better ways, but its not the solution. Face it and sell your coins as long you get something for it.
Wait for the next thing. Normal ppl want banks, control, to be controlled to feel "safe".
Normal ppl BUY stuff and dont sell. So your argument is stupid.

World without banks ....are you smoking crack .... Serious ..I am not some crack pot ..i live in the real world.

Crypto is a complimentary technology....

Man in the street is teh same analogy as using cash ..remember that stuff if you give it to somebody and you make an error ..well guess what bad luck

Also if u give it to teh wrong person ..guess what bad luck ..

I speak to mainstream every day there are so many uses yopu are just not looking at it the right way ...

i.e @ house auctions as a way of securing a deposit when the banks are not open ..i.e as a defacto BOND or security ..this is where teh inherint function of crypto come to teh for ..i.e a secured deposit taht the reciever knows that teh transaction cant be reversed in a safe and convenient way that they dont have to carry 100k in cash

This is just one use ...my family owns a online computer company ...it is PEEEERRRRFECT for stopping fraudulent paypal & CC charge backs .. Merchants just love it

So at the end of the day you shoudl put down the crack pipe and open your mind to the oppurtunity that crypto is 

And which bank controlled country is next ? Open for suggestions.

Bitcoin doesn't need China to survive. However, if China is removed then the current supply and demand levels experience a dramatic shift, causing the price to decrease.

Basicly you are telling the same as I do. Difference is, you still think the world can work without banks.
Im saying: if banks dont want the btc, there will be no btc.

Your man on the street will NEVER use it. Go out from your desk and ask them. First thing they will ask you "why" ? Second will be: What if I made an error, sending to much or to the wrong address ?"
Its not working that way. Face it, btc or any altcoin, will always be a thing for ppl like us. Kinda nerds who love this shit. Mainstream will not.

National Australia Bank ..I worked for them for 10 years both in teh Fiannce dept and Business Bank IT ..so what .. A BANK says no to Bitcoin ..STOP THE PRESSES !!!

No shit on Bitcoin muscling in on there business..I was in a number of technology Architecht policy meetings in regards to this fact .....there will be some with vision that see it as an opportunity and will become the Goto place for all of that sweet sweet fiat moneyz taht spew forth from crypto

They had the same viewpoint of paypal ....hmmm i wonder how that startup is doing ??

Man on the street not knowing who cares ..as i said when he uses it they will be converted

Wow another bank closed somebodys account because guess what BANKS ARE ASSHOLES .... QUICK STOP THE PRESS's AGAIN !!!

Grow up ... and live in the real world..... BANKS do this type of shit to ppl and companys all the time ..do u knwo why ..because they can ..if you are above the age of 30+ you undetrstand that the world in not ment to be fair ..its called teh push and shove of life

Lets see where BTC is in July 31 ..i will happily make a bet for 0.1-2 btc that it will be above 500 for the closing price on a 5 min candle on stamp ...escrow saltyspoon

So basically put up or shut up  

 

Sorry, you Sir should change your signature to something like brain....

I read some of your recent postings and I do understand that you are not willing to accept the big picture.

1. I did not lost one cent in BTC. Started mining btc in 2010 and daytrading in 2013. Im back into fiat since 690$
2. You can ask the "man on the streets" now. 9 of 10 didnt even heard of bitcoin or know what it is.
3. The one who knows about btc is informed through the press or media, so bitcoin is drug or money for criminals as he learned it.
4. banks dont want the btc. It will kill their bizz.
5. try searching for bank account closed due to bitcoin germany, or if you can read german, try the german part of this forum.
6. Australia: http://www.theguardian.com/world/2014/apr/10/bitcoin-dumped-by-national-australia-bank-as-too-risky

So im telling FUD ? Go home.