Topic: China (Unofficially) Authorizes Bitcoin! - page 2. (Read 3192 times)
China is moving in the right direction.
this is good news but i cant hardly think if this is going to be impact yet
I think it is enough great news about bitcoin without China,Now thanks EU regulations many blockchain,bitcoin related start ups in Europe will launch.Many of them where on hold waiting for regulation arrive.Europe is bitcoin,blockchain biggest hube
I do ph in MMM global ($100) next month will get 100% of the growth mavro
...
Re the recent BTC price increases, there is one other interesting wrinkle to look at. The Bitcoin:Gold ratio is down to under 4.00 for the first time in a while. This would hint that buying gold for BTC would be good, certainly better than a few weeks ago when that ratio was over 5.00.
Currently the BTC:Au is at 3.97.
ounce.me
Re the recent BTC price increases, there is one other interesting wrinkle to look at. The Bitcoin:Gold ratio is down to under 4.00 for the first time in a while. This would hint that buying gold for BTC would be good, certainly better than a few weeks ago when that ratio was over 5.00.
Currently the BTC:Au is at 3.97.
ounce.me
I found this posted in the speculation thread and could be a cause for some concern in the bitcoin market... Cross post from /r/bitcoinmarkets
https://www.reddit.com/r/BitcoinMarkets/comments/3qd7cc/this_week_at_okcoin_china_update_mmm_ponzi/
https://www.reddit.com/r/BitcoinMarkets/comments/3qd7cc/this_week_at_okcoin_china_update_mmm_ponzi/
Quote
1) Ponzi Scheme: Over the past month in China multilevel marketing schemes (www.mmmdy.com and other imitators) have gained popularity on the internet. OKCoin has been vigilent in identifying bitcoin addresses funding this ponzi scheme and taken action to warn and notify customers by phone of such schemes prior to allowing withdraws to associated addresses. This situation has mostly affected .CN Chinese customers on the CNY exchange. The Chinese authorities are aware of this situation.
2) Increased BTC price volatility in China: Some macro speculators may be expressing a view on the CNY through Bitcoin and other assets stemming from the prior devalution. We suspect lackluster Chinese stock market performance has some customers seeking alternative assets.
2) Increased BTC price volatility in China: Some macro speculators may be expressing a view on the CNY through Bitcoin and other assets stemming from the prior devalution. We suspect lackluster Chinese stock market performance has some customers seeking alternative assets.
China never banned bitcoin. Only banks in China are not allowed to be involved.
Yes. If China banned bitcoin, there would be no bitcoin exchanges in China. The bitcoin price would have crashed into single figures.
China never banned bitcoin. Only banks in China are not allowed to be involved.
Yes. If China banned bitcoin, there would be no bitcoin exchanges in China. The bitcoin price would have crashed into single figures.
I am surprised we haven't discussed this! Have I missed this discussion maybe or we have all just missed this huge news in my opinion? This also explains current rise!
Share your thoughts please!
http://cointelegraph.com/news/115435/china-unofficially-authorizes-bitcoin-price-turns-bullish
Share your thoughts please!
http://cointelegraph.com/news/115435/china-unofficially-authorizes-bitcoin-price-turns-bullish
I thought the rise was due to the european decision to not tax it.
Maybe they both add up to each other.
Good days for bitcoin.
Not to mention Gemini... there are a lot of positive and "bullish" news coming out of the wood work as of right now, and people are acting on it to get coins for cheap before they go above $300-$400... after that, who knows what the price will do.
it's just a bubble. nothing serious sustain the raise from now. it will go down fast after some "smart" guys will cash it out
You don't think the afformentioned points accommodate and sustain the raise now? Those points are some of the best things that have happened to bitcoin over the last months, if not year.
Not sure how you can think it is not sustainable. Price is finally leaving the bottom where it has been too long.
they were saying the same thing with the greece exiting the europe union, and the same thing when every big news come out in the past
but what happened? nothing, a pump to 300 and a dump to 230, i don't seen this changed so soon, until the halving at least
I think it is just some speculators pumping the price, I have not seen any official news about this. China has been hot and cold about this subject and it would be great if they can finally make a positive decision about this. Let's just wait for some official announcement, before we jump with joy. 
Not speculation it seems! This is what I just found:
http://cointelegraph.com/news/115471/bitcoin-price-charges-towards-300-as-china-cracks-down-on-underground-banks?ref=45
Great, now it seems that China is slowly accepting bitcoins and the Chinese are somewhat using the news to create a small push of price. Good times, VAT-free in Europe and a lot of money pouring in into the economy.
I think it is just some speculators pumping the price, I have not seen any official news about this. China has been hot and cold about this subject and it would be great if they can finally make a positive decision about this. Let's just wait for some official announcement, before we jump with joy.
Not speculation it seems! This is what I just found:
http://cointelegraph.com/news/115471/bitcoin-price-charges-towards-300-as-china-cracks-down-on-underground-banks?ref=45
I think it is just some speculators pumping the price, I have not seen any official news about this. China has been hot and cold about this subject and it would be great if they can finally make a positive decision about this. Let's just wait for some official announcement, before we jump with joy.
This is positive but I think we need more official plus more highlighted news from big news companies about this.
Also if continuous Chinese interest floods here, bitcoin will get eventually bigger, that's so good.
Also if continuous Chinese interest floods here, bitcoin will get eventually bigger, that's so good.
I am surprised we haven't discussed this! Have I missed this discussion maybe or we have all just missed this huge news in my opinion? This also explains current rise!
Share your thoughts please!
http://cointelegraph.com/news/115435/china-unofficially-authorizes-bitcoin-price-turns-bullish
Share your thoughts please!
http://cointelegraph.com/news/115435/china-unofficially-authorizes-bitcoin-price-turns-bullish
I thought the rise was due to the european decision to not tax it.
Maybe they both add up to each other.
Good days for bitcoin.
Not to mention Gemini... there are a lot of positive and "bullish" news coming out of the wood work as of right now, and people are acting on it to get coins for cheap before they go above $300-$400... after that, who knows what the price will do.
it's just a bubble. nothing serious sustain the raise from now. it will go down fast after some "smart" guys will cash it out
Well the "smart" guys that cash out may be kicking themselves later if they wait for another drop in price so they can buy in again if the price won't drop anymore and they miss the jump.
I am always careful when daytrading and if the price doesn't drop for a couple of days I get scared that I may miss the jump and re-buy btc.
Maybe that's why I'm not a good daytrader. :3
After Unofficially banning Bitcoin, we have an Unofficial unban! 
Meanwhile, while all this happened, more and more hashpower was brought to Chineses mining farms, new farms were built with even more efficiency and exchanges kept operating with huge reported daily trade volumes...
i have to tell you that, china bans bitcoin for its banks, not the rest in china. Meanwhile, while all this happened, more and more hashpower was brought to Chineses mining farms, new farms were built with even more efficiency and exchanges kept operating with huge reported daily trade volumes...china is probably banning the bitcoin flexibly to prevent scammers such as MMM, as far as i know MMM is growing fast in china, sometimes i can even see MMM advertisements in faucet website, which is horrible to bitcoin. take notice that china isn't gonna ban bitcoin completely, otherwise bitcoin is down for sure.
I guess the highlighted part of this is "Unofficially", which basically makes the news - not real news, and it's the most probable reason that this wasn't discussed as much
as it was expected for it to be. If this becomes official however, i would be expecting a bull run that we didn't see in a long time, and i'm not talking about +xy USD increase..
as it was expected for it to be. If this becomes official however, i would be expecting a bull run that we didn't see in a long time, and i'm not talking about +xy USD increase..
But I wonder if the people in China who are pumping all of their yen into bitcoin as of right now because of the authorization and people not being so sure of what yen will do as a currency will make people think that a bubble is being formed? Like if the bulls come out full steam ahead this upcoming week, would that make people end up thinking that it's for sure a bubble and cause a massive dump?
Chinese are pumping yuans into bitcoin due to devaluation i believe, and not due to this (so far unofficial - read worthless) news. Regarding the possible dump; if people didn't
learn the nature of bitcoin and it's pricing until now, their dump can only lead them to loss in their own profit. Bubble happening or not, it will only make bitcoin more exposed and known.
I am surprised we haven't discussed this! Have I missed this discussion maybe or we have all just missed this huge news in my opinion? This also explains current rise!
Share your thoughts please!
http://cointelegraph.com/news/115435/china-unofficially-authorizes-bitcoin-price-turns-bullish
Share your thoughts please!
http://cointelegraph.com/news/115435/china-unofficially-authorizes-bitcoin-price-turns-bullish
I thought the rise was due to the european decision to not tax it.
Maybe they both add up to each other.
Good days for bitcoin.
Not to mention Gemini... there are a lot of positive and "bullish" news coming out of the wood work as of right now, and people are acting on it to get coins for cheap before they go above $300-$400... after that, who knows what the price will do.
it's just a bubble. nothing serious sustain the raise from now. it will go down fast after some "smart" guys will cash it out
You don't think the afformentioned points accommodate and sustain the raise now? Those points are some of the best things that have happened to bitcoin over the last months, if not year.
Not sure how you can think it is not sustainable. Price is finally leaving the bottom where it has been too long.
China never banned bitcoin. Only banks in China are not allowed to be involved.
I am surprised we haven't discussed this! Have I missed this discussion maybe or we have all just missed this huge news in my opinion? This also explains current rise!
Share your thoughts please!
http://cointelegraph.com/news/115435/china-unofficially-authorizes-bitcoin-price-turns-bullish
Share your thoughts please!
http://cointelegraph.com/news/115435/china-unofficially-authorizes-bitcoin-price-turns-bullish
I thought the rise was due to the european decision to not tax it.
Maybe they both add up to each other.
Good days for bitcoin.
Not to mention Gemini... there are a lot of positive and "bullish" news coming out of the wood work as of right now, and people are acting on it to get coins for cheap before they go above $300-$400... after that, who knows what the price will do.
it's just a bubble. nothing serious sustain the raise from now. it will go down fast after some "smart" guys will cash it out
I am surprised we haven't discussed this! Have I missed this discussion maybe or we have all just missed this huge news in my opinion? This also explains current rise!
Share your thoughts please!
http://cointelegraph.com/news/115435/china-unofficially-authorizes-bitcoin-price-turns-bullish
Share your thoughts please!
http://cointelegraph.com/news/115435/china-unofficially-authorizes-bitcoin-price-turns-bullish
I thought the rise was due to the european decision to not tax it.
Maybe they both add up to each other.
Good days for bitcoin.
Not to mention Gemini... there are a lot of positive and "bullish" news coming out of the wood work as of right now, and people are acting on it to get coins for cheap before they go above $300-$400... after that, who knows what the price will do.
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