With this , I assume we have no winner?
Either way , if bitcoin was going below 100 or worse , that would have been a worthless prize.
Topic: China banned bitcoin. When will it crash? Win 0.1 BTC (Read 5509 times)
Sunday 14th December, 2 p.m. GMT
Panic or not is another thing. After all it's not panic if you are the first one to leave. And that's what smart people did.
Sheeps on the other hand either hold their coins and prayed to god or sold at 700$ and 600$?.
Sheeps on the other hand either hold their coins and prayed to god or sold at 700$ and 600$?.
$600 is where I bought back in.
ETA: $610 actually.
Let me guess. You sold at 1200 right?
I checked, was actually $1,150. So sue me.
Panic or not is another thing. After all it's not panic if you are the first one to leave. And that's what smart people did.
Sheeps on the other hand either hold their coins and prayed to god or sold at 700$ and 600$?.
Sheeps on the other hand either hold their coins and prayed to god or sold at 700$ and 600$?.
$600 is where I bought back in.
ETA: $610 actually.
Let me guess. You sold at 1200 right?
Panic or not is another thing. After all it's not panic if you are the first one to leave. And that's what smart people did.
Sheeps on the other hand either hold their coins and prayed to god or sold at 700$ and 600$?.
Sheeps on the other hand either hold their coins and prayed to god or sold at 700$ and 600$?.
$600 is where I bought back in.
ETA: $610 actually.
That is just speculation. The fact that the bitcoin address is no longer in a baidu page is a fact.
So panicking about it is pretty premature, isn't it, since all that anyone can say about it amounts to speculation.
Panic or not is another thing. After all it's not panic if you are the first one to leave. And that's what smart people did.
Sheeps on the other hand either hold their coins and prayed to god or sold at 700$ and 600$?.
China DID NOT BAN BITCOIN. You are right.
BUT BAIDU STOPPED ACCEPTING BITCOINS. If you can't see that there is an issue here then you are a bigger idiot than all of those that think that bitcoin is banned in china. No offence.
BUT BAIDU STOPPED ACCEPTING BITCOINS. If you can't see that there is an issue here then you are a bigger idiot than all of those that think that bitcoin is banned in china. No offence.
I think that has a lot more to do with specific implementation difficulties Baidu was having, and lack of interest among its particular customer base. These preceded the bank news.
Is this bank stuff an issue? Of course. I just don't think it's as much of an issue as you think.
That is just speculation. The fact that the bitcoin address is no longer in a baidu page is a fact.
For a bank to adopt a new technology would mean developing new methods, procedures and IT instruments. These projects can take years to complete properly.
Kids can develop those in their basement in just a few days and bank can't? Don't try to find something else than the obvious reality here.
...uh.. so Baidu announced it self censored to avoid any clashes with the gov't.
Yes it takes banks a lot longer than one single person in his basement (give me some example of kids developing new procedures and IT instruments in their basements.. last guys I knew who did that were Bill Gates and his buddy at apple, by no means were they "kids"). They have regulations, investors, corporate structures and bureaucracy not to mention they try and make money off of you while holding all your money.. I know for a fact that a lot of the systems in Canada for bigger banks are outdated and a lot of work is required by humans to bridge the gap a simple hardware + software upgrade would solve.
All those Chinese companies announcing accepting bitcoins were just for show, nothing more.
It's a good thing they moved away searching for the next eyeball attracting fad. We need companies with real intention doing business in btc, probably much smaller ones.
It's a good thing they moved away searching for the next eyeball attracting fad. We need companies with real intention doing business in btc, probably much smaller ones.
That is just speculation. The fact that the bitcoin address is no longer in a baidu page is a fact.
So panicking about it is pretty premature, isn't it, since all that anyone can say about it amounts to speculation.
China banned China.
China DID NOT BAN BITCOIN. You are right.
BUT BAIDU STOPPED ACCEPTING BITCOINS. If you can't see that there is an issue here then you are a bigger idiot than all of those that think that bitcoin is banned in china. No offence.
BUT BAIDU STOPPED ACCEPTING BITCOINS. If you can't see that there is an issue here then you are a bigger idiot than all of those that think that bitcoin is banned in china. No offence.
I think that has a lot more to do with specific implementation difficulties Baidu was having, and lack of interest among its particular customer base. These preceded the bank news.
Is this bank stuff an issue? Of course. I just don't think it's as much of an issue as you think.
That is just speculation. The fact that the bitcoin address is no longer in a baidu page is a fact.
For a bank to adopt a new technology would mean developing new methods, procedures and IT instruments. These projects can take years to complete properly.
Kids can develop those in their basement in just a few days and bank can't? Don't try to find something else than the obvious reality here.
China DID NOT BAN BITCOIN. You are right.
BUT BAIDU STOPPED ACCEPTING BITCOINS. If you can't see that there is an issue here then you are a bigger idiot than all of those that think that bitcoin is banned in china. No offence.
BUT BAIDU STOPPED ACCEPTING BITCOINS. If you can't see that there is an issue here then you are a bigger idiot than all of those that think that bitcoin is banned in china. No offence.
I think that has a lot more to do with specific implementation difficulties Baidu was having, and lack of interest among its particular customer base. These preceded the bank news.
Is this bank stuff an issue? Of course. I just don't think it's as much of an issue as you think.
For a bank to adopt a new technology would mean developing new methods, procedures and IT instruments. These projects can take years to complete properly.
I believe banks will adopt crypto currencies but they need time to start and complete the necessary projects to get there. And they need to adhere to the laws if any exist.
If not laws need to be made first, we all know that can take years too.
As you can see alot of work has to be done, decisions to be made, financial structure reform, this doesn't mean the have permanently stopped bitcoin from succeeding it will just take a few years before they can adopt.
China DID NOT BAN BITCOIN. You are right.
BUT BAIDU STOPPED ACCEPTING BITCOINS. If you can't see that there is an issue here then you are a bigger idiot than all of those that think that bitcoin is banned in china. No offence.
BUT BAIDU STOPPED ACCEPTING BITCOINS. If you can't see that there is an issue here then you are a bigger idiot than all of those that think that bitcoin is banned in china. No offence.
I think that has a lot more to do with specific implementation difficulties Baidu was having, and lack of interest among its particular customer base. These preceded the bank news.
Is this bank stuff an issue? Of course. I just don't think it's as much of an issue as you think.
BTC's under $400 During the next 14 hours.
I 'm wandering how people choose their random guesses. I mean 14 hours? Why not 13 or 15?
I was in fact thinking about 13 or 15, but ended up in the middle.
Well it seems that you were wrong anyway. Keep on guessing though.
Was everyone really expecting the King of China to declare Bitcoins a national currency? Get a grip folks.
I dont hope any country make Bitcoins a national currency. But banning listing product/service prices in BTC is big punch. Hopefully this can not happen in free countries.
Not even the Great Firewall of China can stop bitcoin, Just because Chinese financial institutions have Supposesdly "banned" bitcoin, doesn't mean that the chinese populous will stop using it, I think the only think that could cause that would be if it became illegal to have bitcoins
CHINA DID NOT BAN BITCOIN, They declaired it as "not a currency" and therefore finnacial instituions in china are Not Allowed to accept it as currency.
Bitcoins ARE NOT illicit/illegal in china in any way shape or form.
Read the headlines carefully "China Bans Financial Companies From Bitcoin Transactions"
Where the HELL does it state that bitcoins are banned?
"the People’s Bank of China said it isn’t a currency with “real meaning” and doesn’t have the same legal status. The public is free to participate in Internet transactions provided they take on the risk themselves, it said. "
CHINA DID NOT BAN BITCOIN, They declaired it as "not a currency" and therefore finnacial instituions in china are Not Allowed to accept it as currency.
Bitcoins ARE NOT illicit/illegal in china in any way shape or form.
Read the headlines carefully "China Bans Financial Companies From Bitcoin Transactions"
Where the HELL does it state that bitcoins are banned?
"the People’s Bank of China said it isn’t a currency with “real meaning” and doesn’t have the same legal status. The public is free to participate in Internet transactions provided they take on the risk themselves, it said. "
Be informed.
China stance on BTC http://www.reddit.com/r/Bitcoin/comments/1sbefw/chinese_investment_banker_says_what_nobody_in_the/
Not even the Great Firewall of China can stop bitcoin, Just because Chinese financial institutions have Supposesdly "banned" bitcoin, doesn't mean that the chinese populous will stop using it, I think the only think that could cause that would be if it became illegal to have bitcoins
CHINA DID NOT BAN BITCOIN, They declaired it as "not a currency" and therefore finnacial instituions in china are Not Allowed to accept it as currency.
Bitcoins ARE NOT illicit/illegal in china in any way shape or form.
Read the headlines carefully "China Bans Financial Companies From Bitcoin Transactions"
Where the HELL does it state that bitcoins are banned?
"the People’s Bank of China said it isn’t a currency with “real meaning” and doesn’t have the same legal status. The public is free to participate in Internet transactions provided they take on the risk themselves, it said. "
CHINA DID NOT BAN BITCOIN, They declaired it as "not a currency" and therefore finnacial instituions in china are Not Allowed to accept it as currency.
Bitcoins ARE NOT illicit/illegal in china in any way shape or form.
Read the headlines carefully "China Bans Financial Companies From Bitcoin Transactions"
Where the HELL does it state that bitcoins are banned?
"the People’s Bank of China said it isn’t a currency with “real meaning” and doesn’t have the same legal status. The public is free to participate in Internet transactions provided they take on the risk themselves, it said. "
China DID NOT BAN BITCOIN. You are right.
BUT BAIDU STOPPED ACCEPTING BITCOINS. If you can't see that there is an issue here then you are a bigger idiot than all of those that think that bitcoin is banned in china. No offence.
BTC's under $400 During the next 14 hours.
I 'm wandering how people choose their random guesses. I mean 14 hours? Why not 13 or 15?
I was in fact thinking about 13 or 15, but ended up in the middle.
BTC's under $400 During the next 14 hours.
I 'm wandering how people choose their random guesses. I mean 14 hours? Why not 13 or 15?
The price has barely moved an inch since China declares that bitcoin has "no meaning"
oooooh, scary!
lol
oooooh, scary!
lol
Thanks for jinxing us.
Asshole.
BTC's under $400 During the next 14 hours.
Although many rushed to add op in their ignore lists, the news about china definitely had a negative impact 
So the question now is when the crash is going to stop. Lets hope soon.
So the question now is when the crash is going to stop. Lets hope soon.
Quote
China banned bitcoin. When will it crash? Win 0.1 BTC
When will btc crash under $400 ?
The winner gets 0.1 btc!
When will btc crash under $400 ?
The winner gets 0.1 btc!
China did not ban Bitcoin. Even if China did ban Bitcoin, that action alone is not sufficient enough to determine that a crash will occur.
I guess the current price is just some sort of random coincidence... Interesting.
Quote
China banned bitcoin. When will it crash? Win 0.1 BTC
When will btc crash under $400 ?
The winner gets 0.1 btc!
When will btc crash under $400 ?
The winner gets 0.1 btc!
China did not ban Bitcoin. Even if China did ban Bitcoin, that action alone is not sufficient enough to determine that a crash will occur.
not a "ban", but it seems they don't want their people use it as a currency but only as a "virtual commodity"
Its already crashing, matter of time before its under $400, or even under $100.
I hope it does ,free cheap btc
stupid contest as there never will be a winner
Never say never. Price wont crash under $400 because of yesterday Chinese news, but may crash by high dump, 60% crash may happen anytime
Quote
China banned bitcoin. When will it crash? Win 0.1 BTC
When will btc crash under $400 ?
The winner gets 0.1 btc!
When will btc crash under $400 ?
The winner gets 0.1 btc!
China did not ban Bitcoin. Even if China did ban Bitcoin, that action alone is not sufficient enough to determine that a crash will occur.
February 10th 2014
I see it more as that Bitcoin has been legitimised in China.
All private persons can trade in Bitcoin and they will educate the populus on how best to invest... good news!
All private persons can trade in Bitcoin and they will educate the populus on how best to invest... good news!
It is neither banned nor legitimised. People's bank of china just tell us that bitcoin should be considered a commodity and not a currency. Nothing more, nothing less.
Not even the Great Firewall of China can stop bitcoin, Just because Chinese financial institutions have Supposesdly "banned" bitcoin, doesn't mean that the chinese populous will stop using it, I think the only think that could cause that would be if it became illegal to have bitcoins
CHINA DID NOT BAN BITCOIN, They declaired it as "not a currency" and therefore finnacial instituions in china are Not Allowed to accept it as currency.
Bitcoins ARE NOT illicit/illegal in china in any way shape or form.
Read the headlines carefully "China Bans Financial Companies From Bitcoin Transactions"
Where the HELL does it state that bitcoins are banned?
"the People’s Bank of China said it isn’t a currency with “real meaning” and doesn’t have the same legal status. The public is free to participate in Internet transactions provided they take on the risk themselves, it said. "
CHINA DID NOT BAN BITCOIN, They declaired it as "not a currency" and therefore finnacial instituions in china are Not Allowed to accept it as currency.
Bitcoins ARE NOT illicit/illegal in china in any way shape or form.
Read the headlines carefully "China Bans Financial Companies From Bitcoin Transactions"
Where the HELL does it state that bitcoins are banned?
"the People’s Bank of China said it isn’t a currency with “real meaning” and doesn’t have the same legal status. The public is free to participate in Internet transactions provided they take on the risk themselves, it said. "
sigh
stupid contest as there never will be a winner
Everyone relax this is not a ban. What's interesting here is that the chinese went the opposite route of US and openly banned banks and other official institutions from interfacing with bitcoin where in US there are trusts and other things opening up. I think this is more China wanting the yaun to be a reserve currency.
When will btc crash under $400 ?
The winner gets 0.1 btc!
The winner gets 0.1 btc!
December 2013
1AEithLgTVgWpf7VaGcP2FrVib2V9A4FHL
Thank you
Ok, 7th December 2013
I just banned OP.
I lol'd.
And then I was sad because in this case, it wasn't true.
When will btc crash under $400 ?
The winner gets 0.1 btc!
The winner gets 0.1 btc!
December 2013
1AEithLgTVgWpf7VaGcP2FrVib2V9A4FHL
Thank you
When will btc crash under $400 ?
The winner gets 0.1 btc!
The winner gets 0.1 btc!
December 2013
1AEithLgTVgWpf7VaGcP2FrVib2V9A4FHL
Thank you
When will we see an entire day (24 hour period, UTC time) of purely level-headed, good-mannered discussion here on Bitcointalk.org, without trolling or hyperbole? The winner gets 1 BTC.
Never. Can I have my Coin now?
Nuh-uh, you didn't read the caveats!
Edit: let me rephrase that: You'll get it... never!
If for the "guess the 1k date" thread the bounty was 0.1 btc, for your "guess the 400" thread u should offer at least 0.25 to be fair, otherwise you won't get interest
When will btc crash under $400 ?
The winner gets 0.1 btc!
The winner gets 0.1 btc!
First you need to prove that you have 0.1 btc, I seriously doubt you do
I buy your kitty for 1 btc
I see it more as that Bitcoin has been legitimised in China.
All private persons can trade in Bitcoin and they will educate the populus on how best to invest... good news!
All private persons can trade in Bitcoin and they will educate the populus on how best to invest... good news!
I'll bet you 100 Bitcoins that the value of 1 Bitcoin does not drop to Zero US Dollars in 5 years.
If 1 BTC = 0 US Dollars then you get my 100 bitcoins
Otherwise I get your 100 Bitcoins.
All takers PM me.
If 1 BTC = 0 US Dollars then you get my 100 bitcoins
Otherwise I get your 100 Bitcoins.
All takers PM me.
@OP welcome to my ignore list
Set up an n-of-m escrow and we'll bet.
Bitcoin isn't banned in china. The exact opposite might a more true statement. If you want your contest to seem legit even in the slightest you should change the title.
When will btc crash under $400 ?
The winner gets 0.1 btc!
The winner gets 0.1 btc!
First you need to prove that you have 0.1 btc, I seriously doubt you do
People scare people to try to stimulate a dump effect. And then catches the dump and waits a while then spread a VERY GOOD news so people pump. Now people who scare people is now dumping and EXTREMELY happy. 
Can we stay on topic please and answer the question? go troll somewhere else.
lolBest response.
"Hey! This is my troll zone! Go make your own."
In all honesty, I think the news is good. I'll let you ponder on the why, but I'm betting on new ATH within the week.
Can we stay on topic please and answer the question? go troll somewhere else.
China didn't ban bitcoin.
I just banned OP.
Not gonna happen and it was not a ban
China didn't ban bitcoin. I have read all the press releases, all the translations, all the articles. China didn't ban bitcoin.
"China banned bitcoin" is a very general, vague, all-encompassing statement. It implies that, well, China banned bitcoin. It would imply that Bitcoin is wholly illegal in China, much like guns are in jurisdictions where guns are illegal and drugs in jurisdictions where drugs are illegal. Problem? It didn't "ban" bitcoin. It issued regulations including that major financial institutions could not deal in bitcoin. It said that businesses dealing in it would need to follow AML/KYC laws to be put forth in the future. Likely similar to the USA's FINCEN guidance.
But, keep repeating "china bans bitcoin" and maybe 1% of readers will believe you without fact-checking first. I have respect for rational bulls and rational bears alike, but not fud-spewers of either variety. That includes both "2-da-mooners" (on every tiny piece of lukewarm news) and "bitcoin is doomed" on every over-embellished piece of tepid news.
"China banned bitcoin" is a very general, vague, all-encompassing statement. It implies that, well, China banned bitcoin. It would imply that Bitcoin is wholly illegal in China, much like guns are in jurisdictions where guns are illegal and drugs in jurisdictions where drugs are illegal. Problem? It didn't "ban" bitcoin. It issued regulations including that major financial institutions could not deal in bitcoin. It said that businesses dealing in it would need to follow AML/KYC laws to be put forth in the future. Likely similar to the USA's FINCEN guidance.
But, keep repeating "china bans bitcoin" and maybe 1% of readers will believe you without fact-checking first. I have respect for rational bulls and rational bears alike, but not fud-spewers of either variety. That includes both "2-da-mooners" (on every tiny piece of lukewarm news) and "bitcoin is doomed" on every over-embellished piece of tepid news.
More importantly- bitcoin hasn't crashed in China. It's down a bit, but not more then typical pump/dump trading. Considering they have been up reading this stuff for hours if it really was doom and gloom I would have expected to see something much more dramatic from them. Obviously they don't seem to be overly spooked by this news.
EDIT: after all they have been trading just happily up till now without bank involvement.
When will we see an entire day (24 hour period, UTC time) of purely level-headed, good-mannered discussion here on Bitcointalk.org, without trolling or hyperbole? The winner gets 1 BTC.
Never. Can I have my Coin now?
Sunday the 14th of December....
When will btc crash under $400 ?
The winner gets 0.1 btc!
The winner gets 0.1 btc!
The price has barely moved an inch since China declares that bitcoin has "no meaning"
oooooh, scary!
lol
An inch= $150+
Don't look at dollars, look at percentage. When Bitcoin was $120 this change would have been barely over 10% ($12)
China didn't ban bitcoin. I have read all the press releases, all the translations, all the articles. China didn't ban bitcoin.
"China banned bitcoin" is a very general, vague, all-encompassing statement. It implies that, well, China banned bitcoin. It would imply that Bitcoin is wholly illegal in China, much like guns are in jurisdictions where guns are illegal and drugs in jurisdictions where drugs are illegal. Problem? It didn't "ban" bitcoin. It issued regulations including that major financial institutions could not deal in bitcoin. It said that businesses dealing in it would need to follow AML/KYC laws to be put forth in the future. Likely similar to the USA's FINCEN guidance.
But, keep repeating "china bans bitcoin" and maybe 1% of readers will believe you without fact-checking first. I have respect for rational bulls and rational bears alike, but not fud-spewers of either variety. That includes both "2-da-mooners" (on every tiny piece of lukewarm news) and "bitcoin is doomed" on every over-embellished piece of tepid news.
"China banned bitcoin" is a very general, vague, all-encompassing statement. It implies that, well, China banned bitcoin. It would imply that Bitcoin is wholly illegal in China, much like guns are in jurisdictions where guns are illegal and drugs in jurisdictions where drugs are illegal. Problem? It didn't "ban" bitcoin. It issued regulations including that major financial institutions could not deal in bitcoin. It said that businesses dealing in it would need to follow AML/KYC laws to be put forth in the future. Likely similar to the USA's FINCEN guidance.
But, keep repeating "china bans bitcoin" and maybe 1% of readers will believe you without fact-checking first. I have respect for rational bulls and rational bears alike, but not fud-spewers of either variety. That includes both "2-da-mooners" (on every tiny piece of lukewarm news) and "bitcoin is doomed" on every over-embellished piece of tepid news.
Middle to end of next week....
Please send the 0.1 BTC ( then worth $40 or < ) to the following...
1H6cqbKQE8oi4KQZUz9xJKiAYagST8Y914
Thanks
Cao, managine director at Lightspeet Venture Partners, which recently invested $5 million in BTC China, said he would not be surprised to see the value of bitcoins fall as much as 50 percent over the next week or two.
When will btc crash under $400 ?
The winner gets 0.1 btc!
The winner gets 0.1 btc!
The price has barely moved an inch since China declares that bitcoin has "no meaning"
oooooh, scary!
lol
So an inch now = $300? Wow, I'd hate to see it move a foot!
When will btc crash under $400 ?
The winner gets 0.1 btc!
The winner gets 0.1 btc!
The price has barely moved an inch since China declares that bitcoin has "no meaning"
oooooh, scary!
lol
An inch= $150+
Allow me to reiterate:
中国人民银行等五部委发文，要求防范比特币风险。通知明确表示比特币是一种特定的虚拟商品，不具有与货币等同的法律地位，不能且不应作为货币在市场上流通使用。
Translation: The People’s Bank of China has issued a statement requiring guard and wariness regarding Bitcoin’s risk. In a clear notification statement, Bitcoin is a type of particular fictitious and theoretical commodity, not one possessing the status of legal, and moreover cannot act as circulating currency in the market.
This does NOT just apply to financial companies and banks, as is clearly stated from the PBOC development today.
More in the link I posted.
中国人民银行等五部委发文，要求防范比特币风险。通知明确表示比特币是一种特定的虚拟商品，不具有与货币等同的法律地位，不能且不应作为货币在市场上流通使用。
Translation: The People’s Bank of China has issued a statement requiring guard and wariness regarding Bitcoin’s risk. In a clear notification statement, Bitcoin is a type of particular fictitious and theoretical commodity, not one possessing the status of legal, and moreover cannot act as circulating currency in the market.
This does NOT just apply to financial companies and banks, as is clearly stated from the PBOC development today.
More in the link I posted.
Win 10 bitcoins from me if it crashes to zero (I will keep the rest as a nice round number for a memento).
"China's government banned financial institutions from trading in bitcoin on Thursday" (not from banking individual account holders).
I would hope that financial institutions can't trade it.. that's not what bitcoin is meant for
"China's government banned financial institutions from trading in bitcoin on Thursday" (not from banking individual account holders).
Hmmm. and if it doesn't fail you keep the bets, right? lol
When will btc crash under $400 ?
The winner gets 0.1 btc!
The winner gets 0.1 btc!
The price has barely moved an inch since China declares that bitcoin has "no meaning"
oooooh, scary!
lol
When will we see an entire day (24 hour period, UTC time) of purely level-headed, good-mannered discussion here on Bitcointalk.org, without trolling or hyperbole? The winner gets 1 BTC.
Caveats:
-The forum being inaccessible, abandoned or otherwise quiet doesn't count.
-Answer must be a definite time. "never" doesn't count!
-If you actually take this offer seriously I'll have to set some sane deadline. 2020 is too long to wait.
Caveats:
-The forum being inaccessible, abandoned or otherwise quiet doesn't count.
-Answer must be a definite time. "never" doesn't count!
-If you actually take this offer seriously I'll have to set some sane deadline. 2020 is too long to wait.
1st jan 2014
I vote never.
And China didn't ban Bitcoin.
And China didn't ban Bitcoin.
When will btc crash under $400 ?
The winner gets 0.1 btc!
The winner gets 0.1 btc!
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