Topic: Businesses In China can accept Bitcoin for goods and services. (Read 1135 times)
If 2014 is the year of tapering, rising interest rates and stock market crash, I want to see the price of the bitcoin during that. That would be moon.
December 16, 2013, 12:44:40 PM
If the above is true, I think it's all systems go personally. There is a clear pattern -
The countries that are buying/repatriating gold are more receptive to Bitcoin - Germany, Russia & China.
It is the countries that are selling/discouraging gold that are also the ones making it difficult/issuing 'warnings' about Bitcoin.
So I think either the countries that are issuing 'warnings' are just be trying to 'protect' their citizens from the danger of assets held outside their banking systems or they're trying to keep their citizens assets inside an insolvent banking system until the bail-ins arrive. No awards for guessing which of those two options I think is more likely...
Remember what happened to Bitcoin after Cyprus?
The countries that are buying/repatriating gold are more receptive to Bitcoin - Germany, Russia & China.
It is the countries that are selling/discouraging gold that are also the ones making it difficult/issuing 'warnings' about Bitcoin.
So I think either the countries that are issuing 'warnings' are just be trying to 'protect' their citizens from the danger of assets held outside their banking systems or they're trying to keep their citizens assets inside an insolvent banking system until the bail-ins arrive. No awards for guessing which of those two options I think is more likely...
Remember what happened to Bitcoin after Cyprus?
December 16, 2013, 12:22:02 PM
Don't look like manipulation, we're just moving down to test the 50-day moving average again by the end of the year, which could take us to 700 or so. After it's been tested and not broken, it's Katy bar the door, 2 da moon 
so if anyone was going to buy some, well it's about time to get ready now and buy all the way down to 700.
so if anyone was going to buy some, well it's about time to get ready now and buy all the way down to 700. 
December 16, 2013, 12:19:21 PM
Just an interpretation but if it happens to be true we should come back above $1000 within days.
Not likely, as it appears there's some pretty strong manipulation going on right now, which is what re-instituting the fees at BTCChina is supposed to dampen (according to their own statement), but I doubt it will make that much of a difference in the near term. New comers have been sufficiently frightened, it appears, which is what somebody appears to be taking advantage of.
December 16, 2013, 11:55:59 AM
Just an interpretation but if it happens to be true we should come back above $1000 within days.
December 16, 2013, 11:54:21 AM
Soldier: Captain, permission to blast BTC to new highs?'
Captain: Permission granted!
Captain: Permission granted!
wait till it's 2014, it's about holidays time now, not gonna happen.
December 16, 2013, 11:42:17 AM
Soldier: Captain, permission to blast BTC to new highs?'
Captain: Permission granted!
Captain: Permission granted!
December 16, 2013, 11:33:09 AM
Wait, I thought I was supposed to be selling everything because China.
December 16, 2013, 10:21:45 AM
wow that is some turnaround
December 16, 2013, 10:17:54 AM
Come on make up your mind
http://www.coindesk.com/bitcoin-china-statement-interpretation/
RS, a Shanghai-based Chinese lawyer and bitcoin enthusiast
“Trading bitcoins for goods or services is treated as barter, which is free of regulatory restrictions so far. Bitcoin is regarded as a tradable commodity in China, so it is legally permissible to trade bitcoins for goods, services or even currency.”
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