Stock market CRASH - Bitcoin price?!

Wexlike

legendary

Activity: 1473

Merit: 1086

Quote from: WiiD on August 24, 2015, 10:12:19 AM

Dow Jones is FALLING,
Shanghai Composite Index is FALLING
DAX ( here in Germany ) is FALLING

FALLING FAST. I tell you, September and October '15 will be important months, big world changes.

But what is happening with Bitcoin? Will it rises against the Stock Market, or will it be pulled down by it?

Sadly bitcoin is still to tiny to absorb some of the financial shockwaves. :/

relm9

hero member

Activity: 840

Merit: 1000

Dow isn't tanking, just looks like a minor correction, now only down 1%.

LMGTFY

hero member

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Quote from: Warren Buffert on August 24, 2015, 11:44:06 AM

"Life's too short to waste on schoolyard sophistry [...]" So you're taking your ball and going home? OK, nice talking to you. Go ahead and huddle with intellectual giants like sgbett and rpetelia (lmao) to get some new talking points about bitcoin and why it's totally just about to become a worldwide phenomenon, and come back to debate me again, OK? I love hearing all the same tired arguments that even schoolyard children could crush with a small amount of mental power.

Kisses xxx !

Warren Buffert

full member

Activity: 364

Merit: 102

Quote from: LMGTFY on August 24, 2015, 11:36:39 AM

Quote from: Warren Buffert on August 24, 2015, 11:28:39 AM

Quote from: LMGTFY on August 24, 2015, 11:21:04 AM

Quote from: Warren Buffert on August 24, 2015, 11:14:47 AM

Quote from: LMGTFY on August 24, 2015, 10:53:08 AM

Quote from: Warren Buffert on August 24, 2015, 10:49:54 AM

It's not even effective for bypassing restrictive currency restrictions, as in China.

Some one should tell China that -> http://fiatleak.com/ <- I don't think they got the memo.

That is a tiny percent of nothing. It's a speck of dust. Very few people in China are even interested in bitcoin anymore, because there are so many more better, more efficient and safer methods to move money from the country. Bitcoin is a chotchkie "currency".

That's all very interesting, but it doesn't address my key (and, indeed, only) point: when you said BTC wasn't very effective for bypassing restrictive currency restrictions, I showed BTC effectively bypassing the PRC's currency restrictions. why don't you address that first, and then I might choose to move on to your new tangent.

The premise of your entire argument is flawed, and therefore your only point is actually completely invalid. Bitcoin is NOT an effective means to bypass capital control due to its volatile nature and security flaws. Not to mention PRC crackdowns on banks and other services that operate within the (tiny) bitcoin economy. People would need to have brain damage to think operating with bitcoin in China is a good idea.

Ah, you want it to be one of those arguments. Sorry, I warned you I expected you to address my first and only point before I played with you. Life's too short to waste on schoolyard sophistry when there are genuinely clever people I could be engaging with. If you change your mind, however, I'm here.

"Life's too short to waste on schoolyard sophistry [...]" So you're taking your ball and going home? OK, nice talking to you. Go ahead and huddle with intellectual giants like sgbett and rpetelia (lmao) to get some new talking points about bitcoin and why it's totally just about to become a worldwide phenomenon, and come back to debate me again, OK? I love hearing all the same tired arguments that even schoolyard children could crush with a small amount of mental power.

LMGTFY

hero member

Activity: 644

Merit: 503

Quote from: Warren Buffert on August 24, 2015, 11:28:39 AM

Quote from: LMGTFY on August 24, 2015, 11:21:04 AM

Quote from: Warren Buffert on August 24, 2015, 11:14:47 AM

Quote from: LMGTFY on August 24, 2015, 10:53:08 AM

Quote from: Warren Buffert on August 24, 2015, 10:49:54 AM

It's not even effective for bypassing restrictive currency restrictions, as in China.

Some one should tell China that -> http://fiatleak.com/ <- I don't think they got the memo.

That is a tiny percent of nothing. It's a speck of dust. Very few people in China are even interested in bitcoin anymore, because there are so many more better, more efficient and safer methods to move money from the country. Bitcoin is a chotchkie "currency".

That's all very interesting, but it doesn't address my key (and, indeed, only) point: when you said BTC wasn't very effective for bypassing restrictive currency restrictions, I showed BTC effectively bypassing the PRC's currency restrictions. why don't you address that first, and then I might choose to move on to your new tangent.

The premise of your entire argument is flawed, and therefore your only point is actually completely invalid. Bitcoin is NOT an effective means to bypass capital control due to its volatile nature and security flaws. Not to mention PRC crackdowns on banks and other services that operate within the (tiny) bitcoin economy. People would need to have brain damage to think operating with bitcoin in China is a good idea.

Ah, you want it to be one of those arguments. Sorry, I warned you I expected you to address my first and only point before I played with you. Life's too short to waste on schoolyard sophistry when there are genuinely clever people I could be engaging with. If you change your mind, however, I'm here.

Warren Buffert

full member

Activity: 364

Merit: 102

Quote from: LMGTFY on August 24, 2015, 11:21:04 AM

Quote from: Warren Buffert on August 24, 2015, 11:14:47 AM

Quote from: LMGTFY on August 24, 2015, 10:53:08 AM

Quote from: Warren Buffert on August 24, 2015, 10:49:54 AM

It's not even effective for bypassing restrictive currency restrictions, as in China.

Some one should tell China that -> http://fiatleak.com/ <- I don't think they got the memo.

That is a tiny percent of nothing. It's a speck of dust. Very few people in China are even interested in bitcoin anymore, because there are so many more better, more efficient and safer methods to move money from the country. Bitcoin is a chotchkie "currency".

That's all very interesting, but it doesn't address my key (and, indeed, only) point: when you said BTC wasn't very effective for bypassing restrictive currency restrictions, I showed BTC effectively bypassing the PRC's currency restrictions. why don't you address that first, and then I might choose to move on to your new tangent.

The premise of your entire argument is flawed, and therefore your only point is actually completely invalid. Bitcoin is NOT an effective means to bypass capital control due to its volatile nature and security flaws. Not to mention PRC crackdowns on banks and other services that operate within the (tiny) bitcoin economy. People would need to have brain damage to think operating with bitcoin in China is a good idea.

LMGTFY

hero member

Activity: 644

Merit: 503

Quote from: Warren Buffert on August 24, 2015, 11:14:47 AM

Quote from: LMGTFY on August 24, 2015, 10:53:08 AM

Quote from: Warren Buffert on August 24, 2015, 10:49:54 AM

It's not even effective for bypassing restrictive currency restrictions, as in China.

Some one should tell China that -> http://fiatleak.com/ <- I don't think they got the memo.

That is a tiny percent of nothing. It's a speck of dust. Very few people in China are even interested in bitcoin anymore, because there are so many more better, more efficient and safer methods to move money from the country. Bitcoin is a chotchkie "currency".

That's all very interesting, but it doesn't address my key (and, indeed, only) point: when you said BTC wasn't very effective for bypassing restrictive currency restrictions, I showed BTC effectively bypassing the PRC's currency restrictions. why don't you address that first, and then I might choose to move on to your new tangent.

abacus

hero member

Activity: 618

Merit: 500

a clockwork miner

Quote from: WiiD on August 24, 2015, 10:36:26 AM

Quote from: abacus on August 24, 2015, 10:21:31 AM

I have another question for you: are you going to delete this thread too?

I never deleted a thread, it WAS deleted by mods my friend.

Some days ago, after a deleted thread, I looked at https://bitcointalk.org/modlog.php where I read your member ID:

Quote

Remove topic: REVERSE-PANIC in topic #1156433 by member #181176
Remove topic: PANIC in topic #1156411 by member #181176

I have no reasons to not trust your words; then maybe that "by" in "Remove topic ... by member #" is referring just to who started the topic and not to who removed it.
(well - yes - a modlog is supposed to log mod's actions)

Sorry for the misunderstanding.

Warren Buffert

full member

Activity: 364

Merit: 102

Quote from: LMGTFY on August 24, 2015, 10:53:08 AM

Quote from: Warren Buffert on August 24, 2015, 10:49:54 AM

It's not even effective for bypassing restrictive currency restrictions, as in China.

Some one should tell China that -> http://fiatleak.com/ <- I don't think they got the memo.

That is a tiny percent of nothing. It's a speck of dust. Very few people in China are even interested in bitcoin anymore, because there are so many more better, more efficient and safer methods to move money from the country. Bitcoin is a chotchkie "currency".

LMGTFY

hero member

Activity: 644

Merit: 503

Quote from: Warren Buffert on August 24, 2015, 10:49:54 AM

It's not even effective for bypassing restrictive currency restrictions, as in China.

Some one should tell China that -> http://fiatleak.com/ <- I don't think they got the memo.

Warren Buffert

full member

Activity: 364

Merit: 102

Quote from: NeuroticFish on August 24, 2015, 10:19:42 AM

For most, all crypto scene is just something to invest in. Some sort of odd stock market they don't understand.
Some will cash out crypto in the same way they sold their stocks.

Let's hope the panic will not last long...

I think you just described this entire market, actually. Bitcoin is some kind of pseudo stock, and it's certainly not a store of value. It's not even effective for bypassing restrictive currency restrictions, as in China.

Meuh6879

legendary

Activity: 1512

Merit: 1012

Quote from: WiiD on August 24, 2015, 10:12:19 AM

But what is happening with Bitcoin? Will it rises against the Stock Market, or will it be pulled down by it?

https://bitcoinwisdom.com/

-4,5%

no problem here.

cheap coin to buy (empty pocket for me ... Tongue

).

WiiD

sr. member

Activity: 756

Merit: 250

Quote from: abacus on August 24, 2015, 10:21:31 AM

Quote from: WiiD on August 24, 2015, 10:12:19 AM

Dow Jones is FALLING,
Shanghai Composite Index is FALLING
DAX ( here in Germany ) is FALLING

FALLING FAST. I tell you, September and October '15 will be important months, big world changes.

But what is happening with Bitcoin? Will it rises against the Stock Market, or will it be pulled down by it?

I have another question for you: are you going to delete this thread too?

I never deleted a thread, it WAS deleted by mods my friend.

abacus

hero member

Activity: 618

Merit: 500

a clockwork miner

Quote from: WiiD on August 24, 2015, 10:12:19 AM

Dow Jones is FALLING,
Shanghai Composite Index is FALLING
DAX ( here in Germany ) is FALLING

FALLING FAST. I tell you, September and October '15 will be important months, big world changes.

But what is happening with Bitcoin? Will it rises against the Stock Market, or will it be pulled down by it?

I have another question for you: are you going to delete this thread too?

NeuroticFish

legendary

Activity: 3668

Merit: 6382

Looking for campaign manager? Contact icopress!

For most, all crypto scene is just something to invest in. Some sort of odd stock market they don't understand.
Some will cash out crypto in the same way they sold their stocks.

Let's hope the panic will not last long...

WiiD

sr. member

Activity: 756

Merit: 250

Dow Jones is FALLING,
Shanghai Composite Index is FALLING
DAX ( here in Germany ) is FALLING

FALLING FAST. I tell you, September and October '15 will be important months, big world changes.

But what is happening with Bitcoin? Will it rises against the Stock Market, or will it be pulled down by it?

Topic: Stock market CRASH - Bitcoin price?! (Read 1301 times)