Ok, let China ban bitcoin, we do NOT need them.

apsvinet

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Quote from: RawDog on March 31, 2014, 07:10:28 AM

Quote from: zolace on March 31, 2014, 07:00:28 AM

you guys are fools if you dont see how you letting one country decide the fate of bitcoin.

What's with all the panic??! When bitcoin price was $1200, how many of you people were saying "Geezus, I'd sure love to be able to buy BTC for under $500 again!"

OK - well, today is your day. BTC at >50% off!! Its like a freaking discount sale! Now buy up!

Of course they only wanted to buy it for 500 when it actually was worth 1200, not now that it's worth 500. Now people wish they would've bought when the price was 200.

The previous price was always better, is the point.

Alphi

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Quote from: RawDog on March 31, 2014, 07:10:28 AM

Quote from: zolace on March 31, 2014, 07:00:28 AM

you guys are fools if you dont see how you letting one country decide the fate of bitcoin.

What's with all the panic??! When bitcoin price was $1200, how many of you people were saying "Geezus, I'd sure love to be able to buy BTC for under $500 again!"

OK - well, today is your day. BTC at >50% off!! Its like a freaking discount sale! Now buy up!

yep and when china accepts BTC with open arms then up past $1200 it will go.

people who bitch and moan about not needing china need to realize that its only because of china that BTC was that high in the first place so now the coin is settling down to where it would be without china.

which I might add is still more than double what it was a year a go....

so while technically Bitcoin does not NEED china to succeed... I sure would like to have china along for the ride and all those wild swings we got.

RawDog

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Quote from: zolace on March 31, 2014, 07:00:28 AM

you guys are fools if you dont see how you letting one country decide the fate of bitcoin.

What's with all the panic??! When bitcoin price was $1200, how many of you people were saying "Geezus, I'd sure love to be able to buy BTC for under $500 again!"

OK - well, today is your day. BTC at >50% off!! Its like a freaking discount sale! Now buy up!

zolace

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you guys are fools if you dont see how you letting one country decide the fate of bitcoin.

freequant

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Quote from: Velaciela on March 28, 2014, 12:20:57 PM

Ok, let China ban bitcoin, we do NOT need them.

Yeah, we were so much happier when Bitcoin price was double digit. All that money just made us lose our mind.

jabo38

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mining is so 2012-2013

I would like to see an "official" and "verified" report. I heard all this started with a Twitter account.

Still..... I think China is very important. There are a lot of very rich people in China looking to diversify their portfolios. Having bitcoins means having money in an account that can be unlucked any time, any country, in almost any currency. For somebody living under the strict rule of government, this is very attractive.

raindex

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Folks, if we have so many Chinese on this forum, why are we still referring to some article on caixin.com? Can anyone find an official document? The latest news related to 比特币 I can find on pbc.gov.cn are dated December 2013.

apsvinet

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Quote from: embargar on March 30, 2014, 09:38:32 AM

Do you REALLY think we don't need China? Of course we do!!!

The more countries that allow it, the better? Isn't it so?

CoinRocka

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Quote from: RawDog on March 30, 2014, 10:00:53 AM

Quote from: bitcoinbranches on March 29, 2014, 06:26:30 PM

With or without China, bitcoin will survive... but having them around sure helps the price sometimes.

This is bullshit. China does not 'help' the price. China is full of irresponsible wild speculators and rich people trying to illegally get money out of china. It really fucks up the bitcoin community because they cause these wild price swings which make dumb ass journalists write crazy articles about the technical defects of bitcoin where there are none (at least none that cause real price swings). China is totally fucking up bitcoin. We would be far better off if we could find a way to close all Chinese exchanges and prevent Chinese people from going crazy and panic buying and panic selling all the time. The instability caused by China and their stupid government is making me dizzy. But in the end, it won't matter one bit. Bitcoin valuation ultimately will be the same with or without China. The only thing which will go away are the wild swings in price both up and down.

Quote from: embargar on March 30, 2014, 09:38:32 AM

Do you REALLY think we don't need China? Of course we do!!!

Absolutely do not. With or without China - the value will be the same. With China - we get wild price swings.

Whenever China and/or Russia bans something, you know you've got something good. Wink

RawDog

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Quote from: bitcoinbranches on March 29, 2014, 06:26:30 PM

With or without China, bitcoin will survive... but having them around sure helps the price sometimes.

This is bullshit. China does not 'help' the price. China is full of irresponsible wild speculators and rich people trying to illegally get money out of china. It really fucks up the bitcoin community because they cause these wild price swings which make dumb ass journalists write crazy articles about the technical defects of bitcoin where there are none (at least none that cause real price swings). China is totally fucking up bitcoin. We would be far better off if we could find a way to close all Chinese exchanges and prevent Chinese people from going crazy and panic buying and panic selling all the time. The instability caused by China and their stupid government is making me dizzy. But in the end, it won't matter one bit. Bitcoin valuation ultimately will be the same with or without China. The only thing which will go away are the wild swings in price both up and down.

Quote from: embargar on March 30, 2014, 09:38:32 AM

Do you REALLY think we don't need China? Of course we do!!!

Absolutely do not. With or without China - the value will be the same. With China - we get wild price swings.

embargar

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Do you REALLY think we don't need China? Of course we do!!!

apsvinet

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Doesn't China ban everything that isn't controlled by the government? I'd be surprised if they don't ban Bitcoins.

Lucozade35

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So much corruption in China, such a shame that leaders make BTC an example of. You know you have a problem when people would rather hold $$$ or BTC instead of the Yen.

btcpay86

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全球O2O消费商

Quote from: which2say on March 29, 2014, 10:59:36 PM

Quote from: coinyear on March 28, 2014, 03:14:41 PM

I think you said very good. By the way, I also Chinese.

I am also a Chinese , I think China will not ban Bitcoin.

me too. Sure, China do not ban BTC!

btcpay86

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全球O2O消费商

Quote from: BitCoinDream on March 28, 2014, 01:56:00 PM

When they'll find their outsourcing activity is being hampered because of this, they'll automatically unban it. Its just about adoption.

yes. Some people with ulterior motives said China has banned the COINS, in fact is not.

Honeypot

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A level-headed, cautious and wise report from among the more mature chinese comrades.

OP, your word are on the mark.

I have said it before and I will say it again - bitcoin saw at least 3-4 rises and spike from nothing WITHOUT CHINESE INTERFERENCE. The only thing the chinese involvement did was to rush the schedule (or sabotage it, looking at current situation) a bit more.

All of china can drop out, and we will keep chugging along. The schedule may be delayed, but bitcoin existed and thrived before the chinese, and will continue to do so afterwards.

Also, chinese should make sure it's not their corrupt, bloated officials (who makes bernie madoff blush with envy at their corruption) that's profiting from this event. At least, you should have a way to nab them in crypto world. Net is your weapon, and those without a voice will have the means to strike back at the parasite peacocks parading around with their mistresses bought from people's money.

People, calm yourselves and carry on.

duhosnyul

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By banning bitcoin it will only make the price expensive in china. People will make a way to buy bitcoin the same with drugs.

shiyang1992

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YES, I agree.
Let the China ban the BTC.
BTC is not belong to China, it belong to the whole world.
I am also a Chinese, I think many Chinese buy the btc just for money.
So the BTC is a speculation in China.

which2say

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Quote from: coinyear on March 28, 2014, 03:14:41 PM

I think you said very good. By the way, I also Chinese.

I am also a Chinese , I think China will not ban Bitcoin.

jubalix

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Bitcoin is supra national, China is not.

China needs bitcoin, not the other way around.

The Chinese govt will face riots in the street, and likely fall, if the people realise they have missed out on the largest transfer of wealth in history, and reduced to Fiat paupers for generations.

There are two classes emerging, and it not 1st world 3rd world anymore.

Class 1 = post BTC eg crypto holder

Class 2 = pre BTC eg no crypt holder

you may have noticed its becoming exponetially harder to go from Class 2 to Class 1.

within 10 ~ 15 years people will work a year and likely not earn a whole bitcoin, or a life time.

The Large financial institutions, will have credibility because they have provable reserves, then countries will only receive good credit ratings if they have BTC or other crypto reserves.

Topic: Ok, let China ban bitcoin, we do NOT need them. (Read 4601 times)