Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 18174.

ImI

legendary

Activity: 1946

Merit: 1019

Quote from: AZwarel on November 04, 2016, 07:42:55 PM

Quote from: TERA on November 04, 2016, 01:30:03 PM

We're going to keep hearing "Chiba bans Bitcoin" until they actually do.

I do not want to be a dick, but this is a really good read about all this China FUD http://fintekneeks.com/zerohedge-fakes-bitcoin-panic/. Especially the part, where they point to the fact, that China had a +buy volume during the selling, and how insignificant bitcoin is in a 100 trillion market.

Just a thought.

we were overdue for a little correction after the nice runup. so this compared with some fuddish-zerohedge-article is the perfect situation to get a setback.

everything fine, except for the fact that ZH should be seen as the hub of trash,fud and crap that it is.

European Central Bank

legendary

Activity: 1288

Merit: 1087

Quote from: AZwarel on November 04, 2016, 07:42:55 PM

Quote from: TERA on November 04, 2016, 01:30:03 PM

We're going to keep hearing "Chiba bans Bitcoin" until they actually do.

I do not want to be a dick, but this is a really good read about all this China FUD http://fintekneeks.com/zerohedge-fakes-bitcoin-panic/. Especially the part, where they point to the fact, that China had a +buy volume during the selling, and how insignificant bitcoin is in a 100 trillion market.

Just a thought.

it doesn't matter what the truth is. there are enough scared children in the bitcoin market willing to shit the bed and run straight into the hands of the adults controlling them. this'll carry on until a majority of coins are in the hands of more hardened traders.

JayJuanGee

legendary

Activity: 3934

Merit: 11405

Self-Custody is a right. Say no to"Non-custodial"

Quote from: podyx on November 04, 2016, 05:59:52 PM

A weekend rally tomorrow?

Why wait until tomorrow? May as well wait until Sunday then, no? I guess it does not matter too much on which day it starts and how long it lasts, as long as it does.

AZwarel

sr. member

Activity: 401

Merit: 280

Quote from: TERA on November 04, 2016, 01:30:03 PM

We're going to keep hearing "Chiba bans Bitcoin" until they actually do.

I do not want to be a dick, but this is a really good read about all this China FUD http://fintekneeks.com/zerohedge-fakes-bitcoin-panic/. Especially the part, where they point to the fact, that China had a +buy volume during the selling, and how insignificant bitcoin is in a 100 trillion market.

Just a thought.

fichtn12345

full member

Activity: 280

Merit: 100

Quote from: JimboToronto on November 04, 2016, 06:34:59 PM

Quote from: podyx on November 04, 2016, 05:59:52 PM

A weekend rally tomorrow?

Hopefully. We're already almost halfway back from yesterday's little panic.

It's not quite as fast as the recovery from the Silk Road Bust panic that preceded the autumn 2013 rally, but it shows that the bull is ready to keep charging.

Confirmed.

Ted E. Bare

hero member

Activity: 658

Merit: 503

Bear with me

That is one legitimate data center.

luckygenough56

legendary

Activity: 1526

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guys bitcoin is illegal in China look :

https://twitter.com/cnLedger/status/793675026402717698

JimboToronto

legendary

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You're never too old to think young.

Quote from: podyx on November 04, 2016, 05:59:52 PM

A weekend rally tomorrow?

Hopefully. We're already almost halfway back from yesterday's little panic.

It's not quite as fast as the recovery from the Silk Road Bust panic that preceded the autumn 2013 rally, but it shows that the bull is ready to keep charging.

podyx

legendary

Activity: 2338

Merit: 1035

A weekend rally tomorrow?

JimboToronto

legendary

Activity: 4200

Merit: 4887

You're never too old to think young.

Quote from: Ted E. Bare on November 04, 2016, 04:55:46 PM

Bull Vs. Bear battle at the moment.

Battle? More like a dance.

Ted E. Bare

hero member

Activity: 658

Merit: 503

Bear with me

Bull Vs. Bear battle at the moment.

bitebits

legendary

Activity: 2242

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Flippin' burgers since 1163.

^ And that is why Bitcoin still has such a tiny market cap. The probability of your fud is discounted in the price already.

TERA

hero member

Activity: 728

Merit: 500

Quote from: bitebits on November 04, 2016, 02:24:58 PM

Quote from: TERA on November 04, 2016, 01:30:03 PM

We're going to keep hearing "Chiba bans Bitcoin" until they actually do.

And then realize they can't.

Sure you can have romanticized thoughts about how Bitcoin is impervious to the government with current technology but the reality is the Chinese government has many ways in which they could basically decimate the level of Bitcoin usage in China:
1. Shut down exchanges and stop all Bitcoin relared wire transfers from banks.
2. Firewall all Bitcoin sites, flag all Bitcoin software as malware in operating systems, firewall tor exit nodes, don't route bitcoin traffic, stop postal shipments from wallet vendors, etc. Only the most sophisticated hackers will still be able to use bitcoin.
3. Pass laws against bitcoin use with penalties of jail and fines. The Chinese are very obedient and fearful of their government and will comply.

Globb0

legendary

Activity: 2702

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Free spirit

Quote from: ImI on November 04, 2016, 11:41:40 AM

lol the good ol "china bans bitcoin" song

Its just lucky they cant pronounce bitcoin properly. So far they have accidentally banned batcoin, betcoin and bitchcoin Grin

bitebits

legendary

Activity: 2242

Merit: 3523

Flippin' burgers since 1163.

Quote from: TERA on November 04, 2016, 01:30:03 PM

We're going to keep hearing "Chiba bans Bitcoin" until they actually do.

And then realize they can't.

TERA

hero member

Activity: 728

Merit: 500

We're going to keep hearing "Chiba bans Bitcoin" until they actually do.

redsn0w

legendary

Activity: 1778

Merit: 1043

#Free market

ImI

legendary

Activity: 1946

Merit: 1019

lol the good ol "china bans bitcoin" song

JayJuanGee

legendary

Activity: 3934

Merit: 11405

Self-Custody is a right. Say no to"Non-custodial"

Quote from: Torque on November 04, 2016, 10:35:48 AM

Now paging JJG who's going to condescendingly reply to this and tell me that I'm an idiot, that my theory has no merit, that he's the smartest person here, blah, blah,blah... Roll Eyes

I'm gonna concede defeat on this one. Cheesy

JayJuanGee

legendary

Activity: 3934

Merit: 11405

Self-Custody is a right. Say no to"Non-custodial"

Quote from: TERA on November 04, 2016, 09:22:23 AM

Quote from: JayJuanGee on November 04, 2016, 12:58:09 AM

Quote from: TERA on November 03, 2016, 11:54:19 PM

I could see the next ATH being preceeded by something like a "Silk Road Flash Crash" to $400 where China completely outlaws Bitcoin and all the Chinese exchanges shut down but then BTC bounces all the way back to $700 anyway within days or weeks. I'm not saying it's going to happen but it would be amusing.

I personally think that you are giving the Chinese quite a bit more credit than they deserve, and I don't really believe that they have as much market mover power as you are making them out to have (though I will concede that reasonable people can differ on this point and still be reasonable, so I am not necessarily asserting that you are being unreasonable in your belief and assertion).

You don't fully understand the meaning of this. The point of the silk road crash was that it recovered and proved that Silk Road was not significant like people thought. They were finally ready to go the moon once Silk Road was completely behind them.

I agree with you about the silk road point and an upcoming china ban crisis (fake or not) possibly causing a subsequent spike, and maybe I was just attempting to make another not quite related point, but bouncing off of your post was not really the greatest way to accomplish my own point.

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