Author

Topic: How low will she go? (Read 1649 times)

sr. member
Activity: 378
Merit: 255
December 17, 2013, 10:10:10 AM
#18
I hope £17 per BTC like at the start of the year before sudden rise so I can buy 20 BTC at that price. (£17 * 20BTC =£340 worth) or even lower than that Smiley

Dude, if it's that low BITCOIN IS DEAD.  You'll be the only one buying and the price will only go down from there.
hero member
Activity: 644
Merit: 500
One Token to Move Anything Anywhere
December 17, 2013, 09:35:15 AM
#17
I hope £17 per BTC like at the start of the year before sudden rise so I can buy 20 BTC at that price. (£17 * 20BTC =£340 worth) or even lower than that Smiley
"The truth, not what you want". I've got that written on a post-it note on my desk to stop me thinking stupid things about Bitcoin prices.  Sad eh? Grin
legendary
Activity: 1022
Merit: 1000
Freelance videographer
December 17, 2013, 09:32:29 AM
#16
I hope £17 per BTC like at the start of the year before sudden rise so I can buy 20 BTC at that price. (£17 * 20BTC =£340 worth) or even lower than that Smiley
legendary
Activity: 2772
Merit: 1028
Duelbits.com
December 17, 2013, 03:58:28 AM
#15
Hehe, might be a good one but there're still people who got carried away by trolls so it's good to cancel their shit Cheesy
legendary
Activity: 1176
Merit: 1010
Borsche
December 17, 2013, 03:39:55 AM
#14
If the news are true then chinese exchanges will eventually close and the price will crash to pre china levels. Just imagine the headlines if that happens  Roll Eyes

Yeah, those headlines in April were devastating for Bitcoin future too  Grin

The headlines in april were the very first healines in bitcoin's history. Noone had invested money back then anyway.

Really?

http://www.forbes.com/sites/timworstall/2011/06/20/so-thats-the-end-of-bitcoin-then/

http://www.wired.com/magazine/2011/11/mf_bitcoin/

http://www.dgcmagazine.com/the-old-radical-how-bitcoin-is-being-destroyed/

You are convincing a troll you know Smiley Trolls have no brain, they can't be convinced. As a rule of thumb, you can easily click ignore on anyone promoting Dice in their sig - that's what I do, and I have not really missed one post of substance so far. Think about it.
legendary
Activity: 2772
Merit: 1028
Duelbits.com
December 17, 2013, 02:59:21 AM
#13
If the news are true then chinese exchanges will eventually close and the price will crash to pre china levels. Just imagine the headlines if that happens  Roll Eyes

Yeah, those headlines in April were devastating for Bitcoin future too  Grin

The headlines in april were the very first healines in bitcoin's history. Noone had invested money back then anyway.

Really?

http://www.forbes.com/sites/timworstall/2011/06/20/so-thats-the-end-of-bitcoin-then/

http://www.wired.com/magazine/2011/11/mf_bitcoin/

http://www.dgcmagazine.com/the-old-radical-how-bitcoin-is-being-destroyed/

legendary
Activity: 2212
Merit: 1008
December 17, 2013, 02:43:16 AM
#12
there's a reason Chinese make 10 cents an hour.  they're scared of their government.
full member
Activity: 140
Merit: 100
December 17, 2013, 02:42:34 AM
#11
Wouldn't surprise me either but with China's dominance in the market in the past month and the hope it instilled in Bitcoin believers and investors I think this will be a sizable setback in the progression and acceptance of Bitcoin.

It is weird that they have harped on about getting over the $ dominance, but as soon as they see a tool to do that, they start banning it (ironically before the USA does.)

China does not appear to have banned BTCs. They have banned payment processors, AFAIK.  It also appears that BTC China's own bank accounts are still open. 

IMHO, China is worried about funds outflow to the ROW via Btcs, possibly damaging the Chinese economy. 

Can China ban people from directly buying Btcs from BTC China next?  Maybe.  That is the unknown and also I don't know how the market would respond.  For example, will Btc go underground in China?
legendary
Activity: 1218
Merit: 1003
December 17, 2013, 02:34:32 AM
#10
Wouldn't surprise me either but with China's dominance in the market in the past month and the hope it instilled in Bitcoin believers and investors I think this will be a sizable setback in the progression and acceptance of Bitcoin.

It is weird that they have harped on about getting over the $ dominance, but as soon as they see a tool to do that, they start banning it (ironically before the USA does.)
sr. member
Activity: 476
Merit: 250
December 17, 2013, 02:27:39 AM
#9
If the news are true then chinese exchanges will eventually close and the price will crash to pre china levels. Just imagine the headlines if that happens  Roll Eyes

Yeah, those headlines in April were devastating for Bitcoin future too  Grin

The headlines in april were the very first healines in bitcoin's history. Noone had invested money back then anyway.
legendary
Activity: 2772
Merit: 1028
Duelbits.com
December 17, 2013, 01:02:41 AM
#8
If the news are true then chinese exchanges will eventually close and the price will crash to pre china levels. Just imagine the headlines if that happens  Roll Eyes

Yeah, those headlines in April were devastating for Bitcoin future too  Grin
sr. member
Activity: 476
Merit: 250
December 17, 2013, 12:55:24 AM
#7
If the news are true then chinese exchanges will eventually close and the price will crash to pre china levels. Just imagine the headlines if that happens  Roll Eyes
hero member
Activity: 490
Merit: 500
December 17, 2013, 12:21:58 AM
#6
Right now, btc looks like could touch $500-550
Hope I am just being knee jerk
newbie
Activity: 42
Merit: 0
December 16, 2013, 08:53:44 PM
#5
IMHO, BTC will fall to $600 and stabilize around $650.
member
Activity: 84
Merit: 10
December 16, 2013, 04:53:50 PM
#4
We cannot speculate exatcly what lowest price it will have. I hope that fluctuations will be not high so often as right now. Now is crysis, but we need to have nerves of steel and wait for back graph higher Tongue
member
Activity: 98
Merit: 10
follow me on twitter @BitcoinBender
December 16, 2013, 04:47:05 PM
#3
Wouldn't surprise me either but with China's dominance in the market in the past month and the hope it instilled in Bitcoin believers and investors I think this will be a sizable setback in the progression and acceptance of Bitcoin.
legendary
Activity: 1050
Merit: 1004
December 16, 2013, 04:26:00 PM
#2
It wouldn't surprise me if it was FUD.
member
Activity: 98
Merit: 10
follow me on twitter @BitcoinBender
December 16, 2013, 03:22:00 PM
#1
With the recent news from BTC China how will this negatively effect 1. The price of btc overall 2. The trading volume 3. The acceptance of btc around the globe?

http://www.coindesk.com/china-bans-payment-companies-working-bitcoin-exchanges-sources-claim/
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