Author

Topic: If China is out, Bitcoin dies - Look at this! (Read 1499 times)

legendary
Activity: 1176
Merit: 1010
Borsche
January 30, 2014, 04:23:49 PM
#16
I registered almost entirely to ignore him. Thanks for growing the community bitcoinlitcoinbtcltc!

wise choice.

hero member
Activity: 1302
Merit: 502
http://fiatleak.com/

China is eating up ALL OF THE BTC. Where are the bears now? Hibernating?!?

Don't miss the train. Were officially leaving the station Q1 2014!!!

Watched them buy 1000 btc in 5 minutes? lol... meanwhile USA buys 5 BTC. wooooo

Oh good, someone watching fiat leak as if it really means something.

LOOK AT ALL THOSE SELLS! You're pretty fucking dumb for how many posts you have. No wonder this forum is full of shit. Gotta spend hours finding anything worthwhile.

Didn't claim to be smart, just smarter than you.  Wink
hero member
Activity: 602
Merit: 500
In math we trust.
No bitcoin won't die.
The price will drop, which means, cheap BTC!!!!
sr. member
Activity: 462
Merit: 250
http://fiatleak.com/

China is eating up ALL OF THE BTC. Where are the bears now? Hibernating?!?

Don't miss the train. Were officially leaving the station Q1 2014!!!

Watched them buy 1000 btc in 5 minutes? lol... meanwhile USA buys 5 BTC. wooooo

Oh good, someone watching fiat leak as if it really means something.

LOOK AT ALL THOSE SELLS! You're pretty fucking dumb for how many posts you have. No wonder this forum is full of shit. Gotta spend hours finding anything worthwhile.
hero member
Activity: 1470
Merit: 504
One more point...

Why would China just sell out?

You can trade BTC for just about any other foreign currency in existence in a world-wide marketplace...

Just because you can't trade directly for CNY doesn't mean you can't trade for USD or EURO and then exchange for CNY. If I were a Chinese BTC owner I would wait for the price to spike again and then slowly pull out what I need to live.

There's no reason to sell out right now when the price is $300 less than the peak when so many of them bought. They aren't stupid and they know they can always get their money out even if it takes a few extra steps.

No, they can't. What if they manage to trade 5,000,000 USD for CNY? How are they going to get that money back into China?
You think the Chinese government won't be suspicious? They are already suspicious when it's about $5,000 - which is a year salary.
They will easily find out that it is bitcoin money & they will take it away/sentence you.

For as long as BTC is accepted by people in other countries they will have the opportunity to spend it.
member
Activity: 84
Merit: 10
You may remember the OP from such beloved Christmas classics as "Bitcoin Hodlers take shits and throw stones at their poop when they are bored" and "Bitcoin is in the same positions as the Nazi's were in 1945".

Come relive the magic in his next heartwarming adventure: "Bitcoin up your ass crash your life 100% death cab, stupid shitweasel". In all good bitcoin speculation subforums, February.
sr. member
Activity: 336
Merit: 250
They don't need to bring it back to china... Who would want to go back in that polluted country if you have a lot of money... LOL
hero member
Activity: 717
Merit: 501
One more point...

Why would China just sell out?

You can trade BTC for just about any other foreign currency in existence in a world-wide marketplace...

Just because you can't trade directly for CNY doesn't mean you can't trade for USD or EURO and then exchange for CNY. If I were a Chinese BTC owner I would wait for the price to spike again and then slowly pull out what I need to live.

There's no reason to sell out right now when the price is $300 less than the peak when so many of them bought. They aren't stupid and they know they can always get their money out even if it takes a few extra steps.

No, they can't. What if they manage to trade 5,000,000 USD for CNY? How are they going to get that money back into China?
You think the Chinese government won't be suspicious? They are already suspicious when it's about $5,000 - which is a year salary.
They will easily find out that it is bitcoin money & they will take it away/sentence you.
legendary
Activity: 1120
Merit: 1012
I registered almost entirely to ignore him. Thanks for growing the community bitcoinlitcoinbtcltc!

LOL!
hero member
Activity: 1470
Merit: 504
One more point...

Why would China just sell out?

You can trade BTC for just about any other foreign currency in existence in a world-wide marketplace...

Just because you can't trade directly for CNY doesn't mean you can't trade for USD or EURO and then exchange for CNY. If I were a Chinese BTC owner I would wait for the price to spike again and then slowly pull out what I need to live.

There's no reason to sell out right now when the price is $300 less than the peak when so many of them bought. They aren't stupid and they know they can always get their money out even if it takes a few extra steps.
hero member
Activity: 1470
Merit: 504
One thing I've noticed when Huboi sells off; LTC is the first to take the hit and then BTC follows.

Until LTC falls I wouldn't short any BTC.
newbie
Activity: 21
Merit: 0
I registered almost entirely to ignore him. Thanks for growing the community bitcoinlitcoinbtcltc!
member
Activity: 106
Merit: 10
bitcoinlitcoinbtcltc - Not sure what you're saying, since your on my ignore list, but I bet it's something stupid. Shocked
hero member
Activity: 1302
Merit: 502
http://fiatleak.com/

China is eating up ALL OF THE BTC. Where are the bears now? Hibernating?!?

Don't miss the train. Were officially leaving the station Q1 2014!!!

Watched them buy 1000 btc in 5 minutes? lol... meanwhile USA buys 5 BTC. wooooo

Oh good, someone watching fiat leak as if it really means something.
hero member
Activity: 717
Merit: 501


In the past +/- 19 minutes:

USA: +/- 108 BTC
Europe: +/- 5 BTC
Canada & Russia: +/- 2 BTC
Total: 115 BTC

China: 7815 BTC

7700 BTC more than the rest of the world combined!

CHINA DUMPING HAS BEGUN!

Everyone thinking the ''crash'' has already been ''priced in'' is a fool.
Chinese volume = immense. They own at least 70% of all bitcoins.

They are cashing out !
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