Good news and Bad news | Bitcointalksearch.org

Lohoris

hero member

Activity: 630

Merit: 500

Bitgoblin

Quote from: BTCfan668 on July 19, 2014, 01:57:12 PM

Quote from: Pathi on July 07, 2014, 01:01:32 PM

Bad News
French Authorities dismantle "Illegal" Bitcoin exchange.
http://money.msn.com/business-news/article.aspx?feed=OBR&date=20140707&id=17754490

Good News!

Bitcoin is worth 9000 Euro in France!

"During a raid last week on one of the suspects' homes, investigators seized a portfolio of Bitcoins - worth some 9,000 euros per unit - as well as credit cards and computer hardware."

I think the author was misinformed as to the value of bitcoin.

The exchange rate has not changed that much recently

BTCfan668

member

Activity: 88

Merit: 10

Quote from: Pathi on July 07, 2014, 01:01:32 PM

Bad News
French Authorities dismantle "Illegal" Bitcoin exchange.
http://money.msn.com/business-news/article.aspx?feed=OBR&date=20140707&id=17754490

Good News!

Bitcoin is worth 9000 Euro in France!

"During a raid last week on one of the suspects' homes, investigators seized a portfolio of Bitcoins - worth some 9,000 euros per unit - as well as credit cards and computer hardware."

I think the author was misinformed as to the value of bitcoin.

The exchange rate has not changed that much recently

barney_stinson

newbie

Activity: 85

Merit: 0

France is a place where you can be rich (with bitcoins of course) and can be out of law at the same time.

Nerazzura

sr. member

Activity: 378

Merit: 250

Quote from: Pathi on July 07, 2014, 01:01:32 PM

Bad News
French Authorities dismantle "Illegal" Bitcoin exchange.
http://money.msn.com/business-news/article.aspx?feed=OBR&date=20140707&id=17754490

Good News!

Bitcoin is worth 9000 Euro in France!

"During a raid last week on one of the suspects' homes, investigators seized a portfolio of Bitcoins - worth some 9,000 euros per unit - as well as credit cards and computer hardware."

hmm .. I just take the good news of its course. for bad news not too ignored: D

ipnone5only

newbie

Activity: 37

Merit: 0

They are in dire need of Bitcoin. I hope a very strong grass roots movement begins.

ipnone5only

newbie

Activity: 37

Merit: 0

France is the least capitalistic country in Europe. Their regulations are so extreme, it's basically impossible to start a business and taxes are incredibly high. They are a welfare state where it's easier to be unemployed than start a business.

CoinFire

sr. member

Activity: 322

Merit: 250

Online at CoinFire.io

Quote from: designfail on July 09, 2014, 10:48:10 PM

Quote from: CoinFire on July 09, 2014, 01:27:16 PM

Quote from: designfail on July 07, 2014, 06:05:30 PM

either way. I jumped in when the price was 520->460->420->560->580, so maybe it's time for me to quit. I do not believe in 'to da moon'.

I don't look at it as an investment you jump in or out of. I look at hedging slightly because I would rather see it become an actual currency being used to buy and sell goods and services and not just an investment platform to make fiat money.

Despite all recent positive news I do not think we are ready for the primetime yet. Maybe one or two more iterations bubble-collapse. We still do not know whats gonna happen with the remaining Silk Road coins, mt gox coins.. this dust should settle.

Absolutely we've still got some major issues that will need to be resolved but it seems that they are, slowly.

designfail

member

Activity: 86

Merit: 10

Quote from: CoinFire on July 09, 2014, 01:27:16 PM

Quote from: designfail on July 07, 2014, 06:05:30 PM

either way. I jumped in when the price was 520->460->420->560->580, so maybe it's time for me to quit. I do not believe in 'to da moon'.

I don't look at it as an investment you jump in or out of. I look at hedging slightly because I would rather see it become an actual currency being used to buy and sell goods and services and not just an investment platform to make fiat money.

Despite all recent positive news I do not think we are ready for the primetime yet. Maybe one or two more iterations bubble-collapse. We still do not know whats gonna happen with the remaining Silk Road coins, mt gox coins.. this dust should settle.

designfail

member

Activity: 86

Merit: 10

Quote from: Bit_Happy on July 07, 2014, 06:28:09 PM

Quote from: designfail on July 07, 2014, 06:05:30 PM

either way. I jumped in when the price was 520->460->420->560->580, so maybe it's time for me to quit. I do not believe in 'to da moon'.

You can (partially) "jump out" the same way.
Maybe, sell a little for a profit and hold the rest, since BTC fundamentals are looking really strong.

Thanks for your advice. I am anyway stuck with $3K sale limit at coinbase.. selling 4btc a day will will take me quiet a time to cash out

CoinFire

sr. member

Activity: 322

Merit: 250

Online at CoinFire.io

Quote from: designfail on July 07, 2014, 06:05:30 PM

either way. I jumped in when the price was 520->460->420->560->580, so maybe it's time for me to quit. I do not believe in 'to da moon'.

I don't look at it as an investment you jump in or out of. I look at hedging slightly because I would rather see it become an actual currency being used to buy and sell goods and services and not just an investment platform to make fiat money.

Skele

full member

Activity: 224

Merit: 100

VocalPlatform.com

After some time every bad news turns into good ones for Bitcoin, at any case it still increases its popularity and carefulness of holders.

€ 9000 each ? holly...

Bit_Happy

legendary

Activity: 2114

Merit: 1040

A Great Time to Start Something!

Quote from: designfail on July 07, 2014, 06:05:30 PM

either way. I jumped in when the price was 520->460->420->560->580, so maybe it's time for me to quit. I do not believe in 'to da moon'.

You can (partially) "jump out" the same way.
Maybe, sell a little for a profit and hold the rest, since BTC fundamentals are looking really strong.

franky1

legendary

Activity: 4270

Merit: 4534

will the FUD ever stop!!!

the pdf from the EBA has one paragraph about bitcoin. and all it says is that bitcoin can be risky, and that it needs to publicly announce those risks

meaning like every other country (bolivia, china, russia, UK, america)

"bitcoins are risky, they are unregulated and investors can lose aswell as gain"

so chill out folks its not war!!

designfail

member

Activity: 86

Merit: 10

either way. I jumped in when the price was 520->460->420->560->580, so maybe it's time for me to quit. I do not believe in 'to da moon'.

Bagatell

hero member

Activity: 722

Merit: 500

Quote from: designfail on July 07, 2014, 05:54:39 PM

I started to feel annoyed when some little crappy news takes the price down significantly. Something is definitely not right here

You're confusing coincidence with causality.

designfail

member

Activity: 86

Merit: 10

I started to feel annoyed when some little crappy news takes the price down significantly. Something is definitely not right here

silentgwad

sr. member

Activity: 462

Merit: 250

MSN news is just another crappy news feed that probably google translated a french article
Here is a decent one with real material: http://www.cryptocoinsnews.com/news/france-confiscates-first-bitcoins-from-arrested-illegal-bitcoin-exchange-operators/2014/07/07

herzmeister

legendary

Activity: 1764

Merit: 1007

Quote from: Bagatell on July 07, 2014, 05:39:05 PM

https://bitcointalksearch.org/topic/m.7706120

yeah, thought about that too, interesting story to unfold here... Shocked

bitcasino

sr. member

Activity: 342

Merit: 250

Quote from: ajareselde on July 07, 2014, 05:11:36 PM

Quote from: Ngaio on July 07, 2014, 01:08:41 PM

On which exchange, I wonder Wink

It was probably some local exchange without any licence to exist.
It is not so bad that they shut it down, because its possible that in the future we would see another news about people that got scammed by failed exchange.

As far as i see this, this is just good news.

It's more than that,
Bitcoin is recently under attack in Europe and France:
EBA opinion
http://www.eba.europa.eu/documents/10180/657547/EBA-Op-2014-08+Opinion+on+Virtual+Currencies.pdf

AMF (download the document)
http://www.amf-france.org/en_US/Publications/Lettres-et-cahiers/Risques-et-tendances/Archives.html?docId=workspace%3A%2F%2FSpacesStore%2Fb87033f5-ecbf-41f1-8236-ee44c91df3c7&langSwitch=true

http://www.coindesk.com/french-officials-seize-272800-illegal-bitcoin-exchange/

Bit_Happy

legendary

Activity: 2114

Merit: 1040

A Great Time to Start Something!

French Authorities dismantle "Illegal" Bitcoin exchange.
Duplicate topic, do mods ever merge threads here? (I think usually the answer is 'no')

Topic: Good news and Bad news (Read 2772 times)