China (Unofficially) Authorizes Bitcoin! - page 3.

zimmah

legendary

Activity: 1106

Merit: 1005

Quote from: Mickeyb on October 25, 2015, 02:15:42 PM

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

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.

Harpua

full member

Activity: 224

Merit: 100

Spastic dead-eyed hound.

Quote from: ajareselde on October 25, 2015, 05:26:56 PM

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..

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?

ajareselde

legendary

Activity: 1722

Merit: 1000

Satoshi is rolling in his grave. #bitcoin

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..

Bitcoininspace

sr. member

Activity: 574

Merit: 250

Quote from: dopecoindude on October 25, 2015, 02:45:10 PM

Best article I found about it:
http://www.zerohedge.com/news/2015-10-25/bitcoin-bullion-soar-chinas-creeping-capital-controls-loom

Oh god the comments on that article are hilarious;

"NO IT IS NOT. BITCOIN IS A SCAM SCAM SCAM , YOU CANNOT EVEN TOUCH IT SO HOW CAN IT BE REAL Huh

? ITS A CROSS BETWEEN A PONZI SCHEME AND A TULIP BULB , MY OLD GRANNY TOLD ME SO , SO SHE EVEN SAYS THE EARTH IS FLAT AND EVEN HAS A MAP OF IT , SHE LIVES IN HER BASEMENT WAITING FOR ARMAGEDDON , SHE SAYS WHEN WW-III IS OVER WE CAN USE GOLD TO BUY MORE PREPPER FOOD AND BITCOIN WILL BE USELESS BECAUSE OF THE E-M-P THERE WONT BE ANY ELECTRICITY NOT EVEN SUNLIGHT WILL GET THROUGH THE EMP"

I've always wondered why there are so many trolls and buttcoiners around and active. When will they eventually give up and face reality that times are changing?

SwagGirl

member

Activity: 104

Merit: 100

GetClams.com

Time to buy on margin?!

Raimonn

legendary

Activity: 1470

Merit: 1001

These are very good news, if bitcoin can be used legally in china there are a lot of potential new users. Its coin has been devaluated and bitcoin is growing its value, they could be interested about saving some bitcoins.

Lover of Coin

newbie

Activity: 38

Merit: 0

Maybe the recent price rise is related to this news.

unamis76

legendary

Activity: 1512

Merit: 1012

After Unofficially banning Bitcoin, we have an Unofficial unban! Cheesy

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...

Mickeyb

hero member

Activity: 798

Merit: 1000

Move On !!!!!!

Quote from: HI-TEC99 on October 25, 2015, 03:14:08 PM

This is another good article about the changing attitude of the Chinese government to Bitcoin policy. It was buried in the press section and nobody has replied to it yet so its almost sunk to the bottom of the first page. I think there's a new way for Huobi customers to get money into the exchange, and it's probably allowed due to the changing government attitude.

Quote from: tyz on October 23, 2015, 01:39:08 PM

‘Chinese Policy Makers are Starting to Study and Rediscover the Bitcoin Industry’ – Huobi

Following the exciting news out of China that points to a possible change in attitude by the government towards Bitcoin, CoinTelegraph caught up with one of China’s biggest bitcoin exchanges, Huobi, to get a better understanding of Bitcoin’s prospects in the country.

http://cointelegraph.com/news/115462/chinese-policy-makers-are-starting-to-study-and-rediscover-the-bitcoin-industry-huobi

Honestly, I looked through the press section for a while and through Bitcoin discussion just until the 18th of October and it was very strange that I couldn't find anything.

Nevertheless this is not important, important is the news! And the amazing news it is! I guess that Chinese government might just have realized that if they would ban Bitcoin they might just get left off in a technological advancement. And not just Chinese, also the EU with their ruling few days ago!

ANdr0id

full member

Activity: 196

Merit: 100

Quote from: LFC_Bitcoin on October 25, 2015, 03:11:21 PM

I've always thought that bitcoin's future will be decided by the Far East. European & US banks/governments are too strict. I feel like with most new technology that bitcoin could begin lift off in China or Japan.

Don't they hold the most bitcoins? The population is more into bitcoin than any other and their bitcoin farms are as big as army bases. So you tell me, is this a surprise?

visual111

hero member

Activity: 493

Merit: 500

Another positive development for Bitcoin. Too much good news...!

smiletyson

hero member

Activity: 661

Merit: 509

Just another CT shitnews. Yeah we don't know chineese so you can post a link and dump shit to manipulate market...

HI-TEC99

legendary

Activity: 2772

Merit: 2846

This is another good article about the changing attitude of the Chinese government to Bitcoin policy. It was buried in the press section and nobody has replied to it yet so its almost sunk to the bottom of the first page. I think there's a new way for Huobi customers to get money into the exchange, and it's probably allowed due to the changing government attitude.

Quote from: tyz on October 23, 2015, 01:39:08 PM

‘Chinese Policy Makers are Starting to Study and Rediscover the Bitcoin Industry’ – Huobi

Following the exciting news out of China that points to a possible change in attitude by the government towards Bitcoin, CoinTelegraph caught up with one of China’s biggest bitcoin exchanges, Huobi, to get a better understanding of Bitcoin’s prospects in the country.

http://cointelegraph.com/news/115462/chinese-policy-makers-are-starting-to-study-and-rediscover-the-bitcoin-industry-huobi

LFC_Bitcoin

legendary

Activity: 3556

Merit: 9709

#1 VIP Crypto Casino

I've always thought that bitcoin's future will be decided by the Far East. European & US banks/governments are too strict. I feel like with most new technology that bitcoin could begin lift off in China or Japan.

beepboopbeep

member

Activity: 70

Merit: 10

Even if china does not legalize bitcoin, I imagine that the market will still be very much relevant there.

Velkro

legendary

Activity: 2296

Merit: 1014

Quote from: Mickeyb on October 25, 2015, 02:15:42 PM

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

Its big news

, price shows it. From 240 to 300

, just like that.
Keep good news coming, hail bitcoin.

Pab

legendary

Activity: 1862

Merit: 1012

I think it is very much possible to legelise bitcoin in China,finally it will happen,time ago China said that thay will follow USA regulation.Positive news for btc from Europe has arrived during China first visit in England,,Chininseare pragmatic,thay will not fight against something what exist allready and becoming new worldwide internet technology
Thay will preffer to legalise it and put hs own rules

Denker

legendary

Activity: 1442

Merit: 1016

I don't know when the update was added but it sounds really great.

Quote

UPDATE: CoinTelegraph has been informed that the annoucement, on which the following article is based, was originally published in People's Daily, the official newspaper of the Chinese Communist Party with the CAC reposting it on their website. So while the article doesn't represent the opinion of the CAC, the People's Daily is a major publication in China, whose main readers are Chinese officials.

If this is true we should expect a major increase in Bitcoin's price soon.

dopecoindude

legendary

Activity: 1512

Merit: 1000

The Dude Of DopeCoin

Quote from: HI-TEC99 on October 25, 2015, 02:41:58 PM

Quote from: eyeknock on October 25, 2015, 02:22:23 PM

Quote from: Mickeyb on October 25, 2015, 02:15:42 PM

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

what the hell, this is true or is just a rumor?, because if this is true we can expect upcoming changes on the bitcoin economy, or maybe this is truth and that's the main reason about why the bitcoin price increased in the last days?

btw agree with you, strange that nobody comment this news untill now.

It's been discussed in the Wall Observer thread together with the other good news. I can't find any threads about it in the press section, and although I assumed there had been threads about it in this section I can't find any. There is a thread about Huobi discussing the Chinese governments attitude to Bitcoin relaxing, but nothing about this story in particular.

Quote from: JayJuanGee on October 22, 2015, 01:45:02 PM

Besides the decent market movement today and the past week, I think that these developments over the past few days (variations of such news already posted in this thread) are providing various green lights for Bitcoin.

1) http://cointelegraph.com/news/115435/china-unofficially-authorizes-bitcoin-price-turns-bullish

2) EU Rules Bitcoin is a Currency not a Commodity—Virtually

http://blogs.wsj.com/digits/2015/10/22/eu-rules-bitcoin-is-a-currency-not-a-commodity-virtually/

3) Australian banks’ closure of Bitcoin companies’ accounts under investigation

https://coinreport.net/australian-banks-closure-of-bitcoin-companies-accounts-under-investigation/

Best article I found about it:
http://www.zerohedge.com/news/2015-10-25/bitcoin-bullion-soar-chinas-creeping-capital-controls-loom

HI-TEC99

legendary

Activity: 2772

Merit: 2846

Quote from: eyeknock on October 25, 2015, 02:22:23 PM

Quote from: Mickeyb on October 25, 2015, 02:15:42 PM

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

what the hell, this is true or is just a rumor?, because if this is true we can expect upcoming changes on the bitcoin economy, or maybe this is truth and that's the main reason about why the bitcoin price increased in the last days?

btw agree with you, strange that nobody comment this news untill now.

It's been discussed in the Wall Observer thread together with the other good news. I can't find any threads about it in the press section, and although I assumed there had been threads about it in this section I can't find any. There is a thread about Huobi discussing the Chinese governments attitude to Bitcoin relaxing, but nothing about this story in particular.

Quote from: JayJuanGee on October 22, 2015, 01:45:02 PM

Besides the decent market movement today and the past week, I think that these developments over the past few days (variations of such news already posted in this thread) are providing various green lights for Bitcoin.

1) http://cointelegraph.com/news/115435/china-unofficially-authorizes-bitcoin-price-turns-bullish

2) EU Rules Bitcoin is a Currency not a Commodity—Virtually

http://blogs.wsj.com/digits/2015/10/22/eu-rules-bitcoin-is-a-currency-not-a-commodity-virtually/

3) Australian banks’ closure of Bitcoin companies’ accounts under investigation

https://coinreport.net/australian-banks-closure-of-bitcoin-companies-accounts-under-investigation/

Topic: China (Unofficially) Authorizes Bitcoin! - page 3. (Read 3213 times)