Topic: So, nobody really gives a crap? - page 4. (Read 5550 times)
And yes, nobody really gives a crap.
Any further moves by Chinese gov't have no relationship with the deadline. The future is uncertain, but the "deadline" is irrelevant.
Hm. Interesting point of view. However, I cannot see the Chinese Government being fooled by some smart-ass coin traders who think they could go on doing business as usual with vouchers or direct deposits. I mean, this is fucking China. Moreover, I understand the deadline more like closing down ALL bitcoin related businesses and not only the deposit methods. Please correct me in case I got that wrong.
Cheers
China 31st Deadline: All third party processors must cease Bitcoin-related transactions.
One day after this was announced, Chinese government went and forced all third party processors to halt business immediately. You can no longer deposit money on Chinese exchanges with a third party payment processor. Not entirely sure if withdrawals were removed yet, if not, they should be removed on the 31st. This has little impact, since all exchanges still operating have found alternate ways to add/withdraw money.
As for exchanges still operating:
- BTC China: Using voucher system, majority of business was going through Taobao. This seems to be on the way out. Unclear whether the voucher system will remain possible through alternative payment methods.
- Huobi, FXBTC, ChBTC, BTCTrade: Volume leaders by a mile currently. BTC China is all but forgotten. These exchanges use direct bank card payment, avoiding the need for any third party payment processor. The ban has no effect on this payment method.
Any further moves by Chinese gov't have no relationship with the deadline. The future is uncertain, but the "deadline" is irrelevant. That's the scary part. We never know when the Chinese government could strike next. Could be today, next week, next month, next year. I'd say never, but, never say never.
One day after this was announced, Chinese government went and forced all third party processors to halt business immediately. You can no longer deposit money on Chinese exchanges with a third party payment processor. Not entirely sure if withdrawals were removed yet, if not, they should be removed on the 31st. This has little impact, since all exchanges still operating have found alternate ways to add/withdraw money.
As for exchanges still operating:
- BTC China: Using voucher system, majority of business was going through Taobao. This seems to be on the way out. Unclear whether the voucher system will remain possible through alternative payment methods.
- Huobi, FXBTC, ChBTC, BTCTrade: Volume leaders by a mile currently. BTC China is all but forgotten. These exchanges use direct bank card payment, avoiding the need for any third party payment processor. The ban has no effect on this payment method.
Any further moves by Chinese gov't have no relationship with the deadline. The future is uncertain, but the "deadline" is irrelevant. That's the scary part. We never know when the Chinese government could strike next. Could be today, next week, next month, next year. I'd say never, but, never say never.
Exactly! And I can see only one reason for that. Trapping even more capital before they finally blow up the whole thing.
I mean let's be honest, do you really think Bitcoin can just mess with Central Banks and their "god-given" right to issue currency and simply get away with it? I don't think so.
I mean let's be honest, do you really think Bitcoin can just mess with Central Banks and their "god-given" right to issue currency and simply get away with it? I don't think so.
Gentlemen, you're being trolled.
Sovereigns are all going to blow up anyhow. Fiat won't be worth anything in 2017. I could be wrong about the date, but I can't be wrong about the blow-up. It's a mathematical certainty. 2017 is my best estimate for a global sovereign crisis that makes us all Cypriots Greeks and Argentines.
100% d'accord. 2017 is also a pretty good guess I bet. I mean the whole thing is done already, but the people will need some more time to realize what deep shit they have driven us into. Too sad that it most likely will be too late for the majority. At least, they finally won't have any other choice, but feeling the heat when already burning.
Sovereigns are all going to blow up anyhow. Fiat won't be worth anything in 2017. I could be wrong about the date, but I can't be wrong about the blow-up. It's a mathematical certainty. 2017 is my best estimate for a global sovereign crisis that makes us all Cypriots Greeks and Argentines.
2020 more likely. But yes, exactly that.
Sovereigns are all going to blow up anyhow. Fiat won't be worth anything in 2017. I could be wrong about the date, but I can't be wrong about the blow-up. It's a mathematical certainty. 2017 is my best estimate for a global sovereign crisis that makes us all Cypriots Greeks and Argentines.
It's still in its absolute infancy. You should be stoked that you're here to witness it.
I most definitely am stoked
Obviously, I also agree on Bitcoin being in an very early stage. But isn't that the best time for the establishment to bring it down? Teaching the people that only their currencies are safe while drying out organized crime at the same time seems like a good move right now!?
Actually, china might be trying to ban it inside their borders specifically so the US can't some day say "here is a few bits of code, our debt is now settled".
It's still in its absolute infancy. You should be stoked that you're here to witness it.
I most definitely am stoked
Obviously, I also agree on Bitcoin being in an very early stage. But isn't that the best time for the establishment to bring it down? Teaching the people that only their currencies are safe while drying out organized crime at the same time seems like a good move right now!? I mean they shot Kennedy as soon as he was printing some United States Dollar notes.
Big holders will dump at the end of the month. Not because Bitcoin will die but because there'll be an absolute shit ton of money to be made from those who'll be waiting to work themselves into a pointless panic and sell low. Get your buys ready.
2014 will blow minds like never before. There'll be some terrible news. There'll be even more absolutely amazing news.
2014 will blow minds like never before. There'll be some terrible news. There'll be even more absolutely amazing news.
I agree. And I am also not about dropping the bitcoin for good, but for now I sleep far better with my worthless fiat money.
Really looking forward.
One more thing from my side for tonight before I meet my pillow.
Take a look at the 3-days interval chart on bitcoinwisdom.com and you will see a well-known bubble pattern that is just about to enter it's final stage.
3-2-1 BOOOOM... So, my prediction is that BTC will drop 50-80% somewhen this month. And I doubt it will ever recover from that. GLOBALLY.
Well, let's just hope for the best while preparing for the worst.
Cheers
Take a look at the 3-days interval chart on bitcoinwisdom.com and you will see a well-known bubble pattern that is just about to enter it's final stage.
3-2-1 BOOOOM... So, my prediction is that BTC will drop 50-80% somewhen this month. And I doubt it will ever recover from that. GLOBALLY.
Well, let's just hope for the best while preparing for the worst.
Cheers
Nope. We'll see measures from governments that we never dared imagine if Bitcoin threatened to upend government control.
The libertarian whackjobs who think it's going to destroy government control over money are living in cloud cuckoo land. They slaughter hundreds of thousands to get access to oil or enforce an ideology. Money is countless orders of magnitude more potent.
Bitcoin still has the power to change the world in more subtle ways that'll steadily benefit everyone if it's allowed to thrive as an asset class and basis for economic innovation. It doesn't have to be an all or nothing deal if people are realistic.
It absolutely would survive if all governments tried to eradicate it but the world deserves to make use of it out in the open.
Big holders will dump at the end of the month. Not because Bitcoin will die but because there'll be an absolute shit ton of money to be made from those who'll be waiting to work themselves into a pointless panic and sell low. Get your buys ready.
2014 will blow minds like never before. There'll be some terrible news. There'll be even more absolutely amazing news.
The libertarian whackjobs who think it's going to destroy government control over money are living in cloud cuckoo land. They slaughter hundreds of thousands to get access to oil or enforce an ideology. Money is countless orders of magnitude more potent.
Bitcoin still has the power to change the world in more subtle ways that'll steadily benefit everyone if it's allowed to thrive as an asset class and basis for economic innovation. It doesn't have to be an all or nothing deal if people are realistic.
It absolutely would survive if all governments tried to eradicate it but the world deserves to make use of it out in the open.
Big holders will dump at the end of the month. Not because Bitcoin will die but because there'll be an absolute shit ton of money to be made from those who'll be waiting to work themselves into a pointless panic and sell low. Get your buys ready.
2014 will blow minds like never before. There'll be some terrible news. There'll be even more absolutely amazing news.
...and I REALLY don't know why it's been so hard to get straightforward information.
Exactly! And I can see only one reason for that. Trapping even more capital before they finally blow up the whole thing.
I mean let's be honest, do you really think Bitcoin can just mess with Central Banks and their "god-given" right to issue currency and simply get away with it? I don't think so.
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So, how are US taxing plans exactly connected to China banning the Bitcoin for good?
I mean't in reference to Bitcoin completely dying that it will not die out (at least in 2014). It will definetly have a massive drop in price because the Chinese have a huge effect on BTC price, but, I think that it will recover slowly until the next big regulation hit comes from some other country. The good thing is that Bitcoin is becoming more and more accepted with each day that it is alive.
It will really be interesting to see how China tries to bring down BTC globally or how they react if BTC becomes widely adopted enough for them to have to consider taking back their actions.
In the meantime BTC is still profitable by means of margin trading ^.^
I have to say though, I agree that people are keeping it hushed or ignoring it. I would really like to see what big investors dump because this is some pretty massive pressure to pull out, even for a trading professional.
I like that. Too bad that there is no Facebook like button to express it
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Why do you think China will try to bring down BTC globally?
Solely because of competition with the US. I don't mean a massive campaign but maybe some little things behind the scenes. Every market in the world is manipulated by people for and against things. It doesn't seem fitting of China to just keep their opinions in their country ^.^
It's not time to move on yet. People are still very twitchy about every snippet that comes out of China. I really don't know why they should pay it any more attention but they still do and I REALLY don't know why it's been so hard to get straightforward information.
The big Chinese exchanges might continue to splutter onwards somehow and drive the price all over the place as markets in other countries monitor them closely.
The big Chinese exchanges might continue to splutter onwards somehow and drive the price all over the place as markets in other countries monitor them closely.
Because China, however big, is one of over 200 countries in the world. Why should the market collapse because one country is clamping down (and may change its mind in the future anyway)
Well, it is in fact only one country, but a country in which 25% of all BTC are traded. Putting this into perspective makes China fucking HUGE!
Yes and the price dropped 50% on the news. Its been discounted. Move on.
Because China, however big, is one of over 200 countries in the world. Why should the market collapse because one country is clamping down (and may change its mind in the future anyway)
Well, it is in fact only one country, but a country in which 25% of all BTC are traded. Putting this into perspective makes China fucking HUGE!
Yeah. China was lost once and came back to life again. But only to go to hell next time I guess. Moreover, I cannot see any serious investors joining the market anymore. Nobody seriously wants to deal with this insane volatility. Latter is also the reason why BTC will never ever be a widespread currency leaving it just as that what it is. A speculative toy for criminals and banksters.
And I start realizing that the market is deeply manipulated by individuals who are going to teach us a very painful lesson. The only question is not if but when they gonna let the whole thing burn down to its digits and letters.
Serious investors any more? There are hardly any yet, especially any tied to institutions. Bitcoin as a whole is chump change and a dot on the financial map. This is still the absolute wild west and will be for a while to come.
There's no point in treating it like any other market. It's still in its absolute infancy. You should be stoked that you're here to witness it.
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So, how are US taxing plans exactly connected to China banning the Bitcoin for good?
I mean't in reference to Bitcoin completely dying that it will not die out (at least in 2014). It will definetly have a massive drop in price because the Chinese have a huge effect on BTC price, but, I think that it will recover slowly until the next big regulation hit comes from some other country. The good thing is that Bitcoin is becoming more and more accepted with each day that it is alive.
It will really be interesting to see how China tries to bring down BTC globally or how they react if BTC becomes widely adopted enough for them to have to consider taking back their actions.
In the meantime BTC is still profitable by means of margin trading ^.^
I have to say though, I agree that people are keeping it hushed or ignoring it. I would really like to see what big investors dump because this is some pretty massive pressure to pull out, even for a trading professional.
If they were going to dump, they would have done so by now. A few did, hence the price dip from $1200 to $600. But most people are too smart for that. One country does not make bitcoin.
Why do you think China will try to bring down BTC globally?
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