Largest Chinese Exchange Ordered Bank Shut Down By Apr 18 - page 4.

byt411

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Activity: 798

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Quote from: TTM on April 10, 2014, 07:26:36 AM

Quote from: byt411 on April 10, 2014, 06:30:19 AM

At $407 now...
Well, sell if you are scared, but it will simply drop then recover.
Wait, don't sell, or you will make the price plummet even more xD

I sold most of my coins 2 weeks ago at 500 range when the rumor first appeared. I just want to wait till 15th to see how things would go and how deep the price would drop, then buy back.

I just sold half of my coins. Dunno what to do now, will probably hold the others.

TTM

full member

Activity: 140

Merit: 100

Quote from: byt411 on April 10, 2014, 06:30:19 AM

At $407 now...
Well, sell if you are scared, but it will simply drop then recover.
Wait, don't sell, or you will make the price plummet even more xD

I sold most of my coins 2 weeks ago at 500 range when the rumor first appeared. I just want to wait till 15th to see how things would go and how deep the price would drop, then buy back.

byt411

hero member

Activity: 798

Merit: 1000

Quote from: billysweird on April 10, 2014, 06:16:46 AM

Quote from: Bit_Happy on April 10, 2014, 01:23:03 AM

Quote from: TTM on April 10, 2014, 01:19:07 AM

Quote from: Bit_Happy on April 10, 2014, 12:44:41 AM

Fortunately there is plenty of good news in other countries, and only a limited number of BTC will ever exist.

This ban doesn't mean a large amount of BTC is confined inside China. "Strong hands" in China are buying now so they can dump later on international exchanges. That'll be real diaster.

I'll answer that with a quote from BTC-e trollbox live:
"I guess once china is out, America can really control crypto... we become the number 1 player once again.. and with wall street buying in, I really don't see this as a bad thing." (user: SatoshiNakaMario:)

Bye China, you were fun for a while...

How will it go if China is out! It might be back to 100 again!!!

At $407 now...
Well, sell if you are scared, but it will simply drop then recover.
Wait, don't sell, or you will make the price plummet even more xD

billysweird

newbie

Activity: 56

Merit: 0

Quote from: Bit_Happy on April 10, 2014, 01:23:03 AM

Quote from: TTM on April 10, 2014, 01:19:07 AM

Quote from: Bit_Happy on April 10, 2014, 12:44:41 AM

Fortunately there is plenty of good news in other countries, and only a limited number of BTC will ever exist.

This ban doesn't mean a large amount of BTC is confined inside China. "Strong hands" in China are buying now so they can dump later on international exchanges. That'll be real diaster.

I'll answer that with a quote from BTC-e trollbox live:
"I guess once china is out, America can really control crypto... we become the number 1 player once again.. and with wall street buying in, I really don't see this as a bad thing." (user: SatoshiNakaMario:)

Bye China, you were fun for a while...

How will it go if China is out! It might be back to 100 again!!!

bryant.coleman

legendary

Activity: 3766

Merit: 1217

Quote from: Remember remember the 5th of November on April 10, 2014, 04:31:11 AM

Can't believe this thread caused somebody to dump his coins violently dropping the price to ~$415.

Are you referring to the 3,000 BTC dump which occurred at BTC-E? That happened after BTC hit the rock bottom, at $412. Surprisingly, the price went down to $403, recovering very quickly. Right now trading at $410.

Remember remember the 5th of November

legendary

Activity: 1862

Merit: 1011

Reverse engineer from time to time

Can't believe this thread caused somebody to dump his coins violently dropping the price to ~$415.

howzar

hero member

Activity: 574

Merit: 500

Quote from: Bit_Happy on April 10, 2014, 02:23:02 AM

Quote from: howzar on April 10, 2014, 02:15:00 AM

Quote from: Bit_Happy on April 10, 2014, 12:22:20 AM

Yawn
Old news is old.
Soon the market will no longer respond to China.

Did you see this?
Major French Supermarket Chain to Accept Bitcoin
https://bitcointalksearch.org/topic/2014-04-08-major-french-supermarket-chain-to-accept-bitcoin-563444

You have to learn that the community reacts much more to bad news than good news Sad

That is temporary:
When the Bear cycle ends the market will react strongly to good news, and often shrug off the bad.

Thats what we are all hoping will happen!

Guess we will have to wait and see!

medicine

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Activity: 697

Merit: 501

Quote from: Bit_Happy on April 10, 2014, 02:16:23 AM

Quote from: medicine on April 10, 2014, 02:12:24 AM

Quote from: Bit_Happy on April 10, 2014, 12:44:41 AM

Quote from: LeChatNoir on April 10, 2014, 12:38:22 AM

Wow it's the 47th time the same news is reiterated. It just keeps coming out again and again, and every time it's sell off time.

I'm buying as much as i can, if it drops below 250$ by then i will be 100% in BTC.

TY monkeys for selling as low as 400$ see you again on 5 digits bye bye!

Feels like the 547th time the same news is reiterated.
The price we pay for having had a China Bubble?
Fortunately there is plenty of good news in other countries, and only a limited number of BTC will ever exist.

Ya you mean 21,000,000,000,000,000 units. Isn't that a lot? Just saying the scarcity argument has been debunked.

The scarcity argument has been debunked only in terms of "will there be enough BTC to use as money".

No it hasn't been "debunked" in terms of rarity.
If you want to own 1 whole BTC, the price will probably be much higher in the future.

I argue that bitcoins are not scarce, or rare. There are more satoshis than there are cents, so I think even though there is a cap on the number of bitcions issued, which is cool, the US dollar is more scarce at this moment than satoshis. I do agree that BTC value will be going up against the dollar in the future.

Legal Counsel Zhou (PRC)

newbie

Activity: 20

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remains to be seen which bank branch feels comfortable with a private person (company accounts outlawed previously) trying to open a billion-yuan volume account with reason: "this hot money was denied elsewhere." - i am very interested.

ps: yes, account has 4 posts because i've been read-only for years

bryant.coleman

legendary

Activity: 3766

Merit: 1217

Quote from: ljudotina on April 10, 2014, 02:59:45 AM

Gox + partly China got it down to 400. Dont forget that we had 2 of this news until now and both time price dropped.

Yes... but the earlier news from China was not that bad. Today some really scary news emerged (see OP). Looking at the BTC-E chart, I can see that the prices are yet to stabilize.

ljudotina

legendary

Activity: 1260

Merit: 1029

Quote from: bryant.coleman on April 10, 2014, 02:22:22 AM

Before the China bubble, BTC was trading at $400 levels. China took it to $1,200. Now Gox has taken BTC back to $400. Have to see how much lower China will take it now. Sad

Gox + partly China got it down to 400. Dont forget that we had 2 of this news until now and both time price dropped.

freedomno1

legendary

Activity: 1806

Merit: 1090

Learning the troll avoidance button :)

Well I will be happy when 8 more days pass by and we see this calming down

jubalix

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Activity: 2632

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Quote from: TTM on April 10, 2014, 02:00:13 AM

Quote from: jubalix on April 10, 2014, 01:53:18 AM

4 post account newb.

Where has that new purgatory gone, we need to keep them there, to get more signal less noise.

3) order received through spoken word directly; no paper trail

FUD...and who cares any more.....its been the nth time this thread has been run. If people haven't priced this in by now...well then that just bad luck.

It's your choice to believe a 4 posts user or not, but i guess you can't ignore official website of Huobi:
http://www.huobi.com/news/index.php?a=show_notice&id=303

google translate says:

5 ) asked how to handle the user's subsequent capital management , replied that the funds can be transferred to other commercial banks , but ICBC is definitely not it.

so off to other banks in Hong Kong!

Bit_Happy

legendary

Activity: 2114

Merit: 1040

A Great Time to Start Something!

Quote from: howzar on April 10, 2014, 02:15:00 AM

Quote from: Bit_Happy on April 10, 2014, 12:22:20 AM

Yawn
Old news is old.
Soon the market will no longer respond to China.

Did you see this?
Major French Supermarket Chain to Accept Bitcoin
https://bitcointalksearch.org/topic/2014-04-08-major-french-supermarket-chain-to-accept-bitcoin-563444

You have to learn that the community reacts much more to bad news than good news Sad

That is temporary:
When the Bear cycle ends the market will react strongly to good news, and often shrug off the bad.

bryant.coleman

legendary

Activity: 3766

Merit: 1217

Before the China bubble, BTC was trading at $400 levels. China took it to $1,200. Now Gox has taken BTC back to $400. Have to see how much lower China will take it now. Sad

Bit_Happy

legendary

Activity: 2114

Merit: 1040

A Great Time to Start Something!

Quote from: medicine on April 10, 2014, 02:12:24 AM

Quote from: Bit_Happy on April 10, 2014, 12:44:41 AM

Quote from: LeChatNoir on April 10, 2014, 12:38:22 AM

Wow it's the 47th time the same news is reiterated. It just keeps coming out again and again, and every time it's sell off time.

I'm buying as much as i can, if it drops below 250$ by then i will be 100% in BTC.

TY monkeys for selling as low as 400$ see you again on 5 digits bye bye!

Feels like the 547th time the same news is reiterated.
The price we pay for having had a China Bubble?
Fortunately there is plenty of good news in other countries, and only a limited number of BTC will ever exist.

Ya you mean 21,000,000,000,000,000 units. Isn't that a lot? Just saying the scarcity argument has been debunked.

The scarcity argument has been debunked only in terms of "will there be enough BTC to use as money".

No it hasn't been "debunked" in terms of rarity.
If you want to own 1 whole BTC, the price will probably be much higher in the future.

howzar

hero member

Activity: 574

Merit: 500

Quote from: Bit_Happy on April 10, 2014, 12:22:20 AM

Yawn
Old news is old.
Soon the market will no longer respond to China.

Did you see this?
Major French Supermarket Chain to Accept Bitcoin
https://bitcointalksearch.org/topic/2014-04-08-major-french-supermarket-chain-to-accept-bitcoin-563444

You have to learn that the community reacts much more to bad news than good news Sad

medicine

hero member

Activity: 697

Merit: 501

Quote from: Bit_Happy on April 10, 2014, 12:44:41 AM

Quote from: LeChatNoir on April 10, 2014, 12:38:22 AM

Wow it's the 47th time the same news is reiterated. It just keeps coming out again and again, and every time it's sell off time.

I'm buying as much as i can, if it drops below 250$ by then i will be 100% in BTC.

TY monkeys for selling as low as 400$ see you again on 5 digits bye bye!

Feels like the 547th time the same news is reiterated.
The price we pay for having had a China Bubble?
Fortunately there is plenty of good news in other countries, and only a limited number of BTC will ever exist.

Ya you mean 21,000,000,000,000,000 units. Isn't that a lot? Just saying the scarcity argument has been debunked.

Equate

hero member

Activity: 770

Merit: 500

I would like China to be out from Bitcoin . It's same shit as gox , same FUD every now and then.

TTM

full member

Activity: 140

Merit: 100

Quote from: jubalix on April 10, 2014, 01:53:18 AM

4 post account newb.

Where has that new purgatory gone, we need to keep them there, to get more signal less noise.

3) order received through spoken word directly; no paper trail

FUD...and who cares any more.....its been the nth time this thread has been run. If people haven't priced this in by now...well then that just bad luck.

It's your choice to believe a 4 posts user or not, but i guess you can't ignore official website of Huobi:
http://www.huobi.com/news/index.php?a=show_notice&id=303

Topic: Largest Chinese Exchange Ordered Bank Shut Down By Apr 18 - page 4. (Read 7789 times)