Topic: China Ban is a NOW a bullish Signal - page 3. (Read 4363 times)
I think China's wariness of Bitcoin is bullish in the sense that it means that one of the most powerful countries in the world is worried about this open source software project. They see its potential appeal.
Weak hands get shaked out on the first "ban", and some stronger but still weak hands shaked out on second "ban"... Now the rest of the weak hands do not impact the price on the third "ban" and the fourth and so on...
And what I have learned from BTC, everything on BTC works just twice. Then things change or whales change their tactics...
And what I have learned from BTC, everything on BTC works just twice. Then things change or whales change their tactics...
Well, I'm definitely a very strong hand then
And what I have learned from BTC, everything on BTC works just twice. Then things change or whales change their tactics...
Really they only work once after discovering them. Then the Borg adapt. 
Weak hands get shaked out on the first "ban", and some stronger but still weak hands shaked out on second "ban"... Now the rest of the weak hands do not impact the price on the third "ban" and the fourth and so on...
And what I have learned from BTC, everything on BTC works just twice. Then things change or whales change their tactics...
And what I have learned from BTC, everything on BTC works just twice. Then things change or whales change their tactics...
I think any new news coming out of China is now meaningless to btc price swings.
The only major story I would expect to move the charts would be if China announces they are dropping the yuan for bitcoin as the national currency.
Aghreed ..people have now calmed down to teh fear factor and will have a frame of mind to think of the implications
this will bring them to the realization to BUY
I think any new news coming out of China is now meaningless to btc price swings.
The only major story I would expect to move the charts would be if China announces they are dropping the yuan for bitcoin as the national currency.
The china ban has now morphed into a bullish signal
the reason being that now that you cant cash out there will be a premium paid to get hold of the hard currency BITCOIN
Moving forward the tighter the controls the more they will be worth in china
its the same in india that you get ~ 10-15% above spot
So bring on teh FUD
the reason being that now that you cant cash out there will be a premium paid to get hold of the hard currency BITCOIN
Moving forward the tighter the controls the more they will be worth in china
its the same in india that you get ~ 10-15% above spot
So bring on teh FUD
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