Topic: Most of the money from BTCchina is crooked money (Read 2467 times)
NERDS, the journey ahead is long and tough from now on. China is GONE!!!
What rubbish- if it's crooked money it's the government's fault because they're the ones that know the names of the people wiring to the exchanges, or using third party payment processors to do so. It's also the government's fault because they didn't require BTC China to collect ID until now, and it's also its fault if they were looking to pump the exchange rate only to crash it.
This is either BTC China stopping forever, or BTC China stopping because they have to start collecting IDs. But if it's the former, after the dust settles, all blame will be on the chinese government because it's so obvious.
This is either BTC China stopping forever, or BTC China stopping because they have to start collecting IDs. But if it's the former, after the dust settles, all blame will be on the chinese government because it's so obvious.
btc price going up >>> Chinese money genius
btc drop like stone >>> Chinese money crooked
hypocritical much??
btc drop like stone >>> Chinese money crooked
hypocritical much??
High prices because of lack of liquidity is never good. And it would be non-nonsensical to buy any more at a certain point. High value wallets are either: People who got in early enough... they simply can't afford to buy more. Or people who are already wealthy... they are already loaded so much that there isn't enough liquidity.
47 users own 30% of all bitcoins, and 11000 users, own 75% of all bitcoins. That is a joke my friend.
So are those 47 selling or buying right now?
They can either sell or hold but not buy in any meaningful volume.
Can't they use localbitcoins or transfer the money abroad?
If they want bitcoin I am sure they will find a way to buy
It's not a material good that you have to actually move it, it's a bunch of bits
China has about 2 billion people unaccounted for in their census.
He's trolling.
Somebody, please tell me, he's trolling!
lol sorry, I am 1 decimal behind...
China has about 2 billion people unaccounted for in their census.
He's trolling.
Somebody, please tell me, he's trolling!
47 users own 30% of all bitcoins, and 11000 users, own 75% of all bitcoins. That is a joke my friend.
So are those 47 selling or buying right now?
They can either sell or hold but not buy in any meaningful volume.
They would/will have dump it at another exchange in the future anyway. So say BTCchina is business as usual like back in October... prices hit $5000 next year, whats going to happen is you're going to see the biggest massacre/bloodbath/bubble in history.
But it will be fun to watch
47 users own 30% of all bitcoins, and 11000 users, own 75% of all bitcoins. That is a joke my friend.
The beautiful thing about bitcoin is while the address identities are mostly anonymous, everyone can see if those bitcoins start to move. If they do I would expect bitcoin to return to somewhere in the $5 range, if not lower. The creators of bitcoin are filthy rich, problem is they can't cash in their chips. An odd sort of poker game.
So crooked money lead this rally. There is a ton of crooked money in China. These individuals with the crooked money are going to stop using Bitcoin because the government says no.
I'm going to have to process this for a while...
I'm going to have to process this for a while...
They would/will have dump it at another exchange in the future anyway. So say BTCchina is business as usual like back in October... prices hit $5000 next year, whats going to happen is you're going to see the biggest massacre/bloodbath/bubble in history.
47 users own 30% of all bitcoins, and 11000 users, own 75% of all bitcoins. That is a joke my friend.
But I would have thought the #1 actual use of Bitcoin, would have been for moving shady money around outwith the controlled and monitored monetary system.
I mean to me, that is just fkn obvious.
I mean to me, that is just fkn obvious.
You would have thunk it, but you'd be wrong. The banking relationships of the fiat<->BTC exchanges are monitored far more closely than the rest of the banking system.
You lost me at "country of 15 billion people"
I think he dropped a decimal point. 1.5 billion would be pretty close.
You lost me at "country of 15 billion people"
Population: 1,349,585,838 (July 2013 est.)
15 BILLION PEOPLE IN CHINA?!?!?!?
Holy shit, that means 2.1035 out of every 1 person in the world is Chinese!
Holy shit, that means 2.1035 out of every 1 person in the world is Chinese!
demographic? are you serious?
bitcoin is anonymous! ROFL
accord01, you forgot Btc is also used to buy drugs.
bitcoin is anonymous! ROFL
accord01, you forgot Btc is also used to buy drugs.
Welcome to my lengthy ignore list.
I'm guessing you won't be reading this, but I have to ask, do you really think the reason bitcoin was/in the process of being prohibited in China because they feel it is a threat to the yuan or their economy? Lol. Btc is used for buying giftcards and pizzas and giving beggars tips. The yuan is used for EVERYTHING else.
Welcome to my lengthy ignore list.
He is already on my ignore list.
But I would have thought the #1 actual use of Bitcoin, would have been for moving shady money around outwith the controlled and monitored monetary system.
I mean to me, that is just fkn obvious.
You lost me at "country of 15 billion people"
China has about 2 billion people unaccounted for in their census.
Welcome to my lengthy ignore list.
You lost me at "country of 15 billion people"
You did not realize that all those "chinese people" are actually 10 tiny people wearing a "chinese person" suit?
You lost me at "country of 15 billion people"
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