disclaimer:I have no clue what I'm talking about
That's true...
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 18339. (Read 26519737 times)
July 18, 2016, 08:39:05 PM
That's true...
July 18, 2016, 08:15:11 PM
Transcript of part of BBC Business Asia report to be broadcast today from Shanghai:
"The biggest bank in the world is Chinese: ICBC has just over US$3.5 triliion in assets. It has around 0.5 billion customers. 4 out of the 5 biggest banks in the world are Chinese. This is an industry with huge reserves and global ambitions.
But, China has a debt problem, a big debt problem. In the years following the global financial crisis there have been interest rate cuts and there has been a boom in credit, all aimed at boosting the economy. And all on the orders of the government which own or controls most of the banks.
The IMF estimates there are US$1.3 trillion in corporate loans in China, that are at risk of default. Most of that money has been channelled into state-owned enterprises - they’re mostly unprofitable – or into local government.
And bad loans are on the up – they are at an 11 year high.
So, what next? Maybe some of the banks will topple over. The government will bale them out at great cost and maybe their currency will devalue further. Or, do the banks manage to restructure their debt and survive, while a select few go to the wall?
Through all of this the government will remain focussed on its number one priority – maintaining harmony and maintaining stability, even if that means saving a few banks that shouldn’t be saved."
Nothing we don't know already but I thought this succintly describes the situation with Chinese banks. It's just a matter of time until a Chinese bank goes under and we all feel the shockwaves. Interesting times ahead. I'm not convinced that BTC is seen by anyone as a safe haven, other than die-hard tech nerds, so who knows what effect on BTC price will be. Probably stay at 666
Maybe time to buy some gold since that's what the market likes to do...
"The biggest bank in the world is Chinese: ICBC has just over US$3.5 triliion in assets. It has around 0.5 billion customers. 4 out of the 5 biggest banks in the world are Chinese. This is an industry with huge reserves and global ambitions.
But, China has a debt problem, a big debt problem. In the years following the global financial crisis there have been interest rate cuts and there has been a boom in credit, all aimed at boosting the economy. And all on the orders of the government which own or controls most of the banks.
The IMF estimates there are US$1.3 trillion in corporate loans in China, that are at risk of default. Most of that money has been channelled into state-owned enterprises - they’re mostly unprofitable – or into local government.
And bad loans are on the up – they are at an 11 year high.
So, what next? Maybe some of the banks will topple over. The government will bale them out at great cost and maybe their currency will devalue further. Or, do the banks manage to restructure their debt and survive, while a select few go to the wall?
Through all of this the government will remain focussed on its number one priority – maintaining harmony and maintaining stability, even if that means saving a few banks that shouldn’t be saved."
Nothing we don't know already but I thought this succintly describes the situation with Chinese banks. It's just a matter of time until a Chinese bank goes under and we all feel the shockwaves. Interesting times ahead. I'm not convinced that BTC is seen by anyone as a safe haven, other than die-hard tech nerds, so who knows what effect on BTC price will be. Probably stay at 666
Maybe time to buy some gold since that's what the market likes to do...Well, if i had money in chinese banks and reading the above i would secure some of my money by investing in Bitcoins just in case. It seems we have problems with Banks in Italy and even Duetche bank seems to have problems. Lets hope people wise up and buy into BTC
July 18, 2016, 08:05:35 PM
Transcript of part of BBC Business Asia report to be broadcast today from Shanghai:
"The biggest bank in the world is Chinese: ICBC has just over US$3.5 triliion in assets. It has around 0.5 billion customers. 4 out of the 5 biggest banks in the world are Chinese. This is an industry with huge reserves and global ambitions.
But, China has a debt problem, a big debt problem. In the years following the global financial crisis there have been interest rate cuts and there has been a boom in credit, all aimed at boosting the economy. And all on the orders of the government which own or controls most of the banks.
The IMF estimates there are US$1.3 trillion in corporate loans in China, that are at risk of default. Most of that money has been channelled into state-owned enterprises - they’re mostly unprofitable – or into local government.
And bad loans are on the up – they are at an 11 year high.
So, what next? Maybe some of the banks will topple over. The government will bale them out at great cost and maybe their currency will devalue further. Or, do the banks manage to restructure their debt and survive, while a select few go to the wall?
Through all of this the government will remain focussed on its number one priority – maintaining harmony and maintaining stability, even if that means saving a few banks that shouldn’t be saved."
Nothing we don't know already but I thought this succintly describes the situation with Chinese banks. It's just a matter of time until a Chinese bank goes under and we all feel the shockwaves. Interesting times ahead. I'm not convinced that BTC is seen by anyone as a safe haven, other than die-hard tech nerds, so who knows what effect on BTC price will be. Probably stay at 666 Maybe time to buy some gold since that's what the market likes to do...
"The biggest bank in the world is Chinese: ICBC has just over US$3.5 triliion in assets. It has around 0.5 billion customers. 4 out of the 5 biggest banks in the world are Chinese. This is an industry with huge reserves and global ambitions.
But, China has a debt problem, a big debt problem. In the years following the global financial crisis there have been interest rate cuts and there has been a boom in credit, all aimed at boosting the economy. And all on the orders of the government which own or controls most of the banks.
The IMF estimates there are US$1.3 trillion in corporate loans in China, that are at risk of default. Most of that money has been channelled into state-owned enterprises - they’re mostly unprofitable – or into local government.
And bad loans are on the up – they are at an 11 year high.
So, what next? Maybe some of the banks will topple over. The government will bale them out at great cost and maybe their currency will devalue further. Or, do the banks manage to restructure their debt and survive, while a select few go to the wall?
Through all of this the government will remain focussed on its number one priority – maintaining harmony and maintaining stability, even if that means saving a few banks that shouldn’t be saved."
Nothing we don't know already but I thought this succintly describes the situation with Chinese banks. It's just a matter of time until a Chinese bank goes under and we all feel the shockwaves. Interesting times ahead. I'm not convinced that BTC is seen by anyone as a safe haven, other than die-hard tech nerds, so who knows what effect on BTC price will be. Probably stay at 666
Maybe time to buy some gold since that's what the market likes to do... 
July 18, 2016, 08:02:34 PM
There's no block explorer. I don't think there's any crypto involved.
July 18, 2016, 07:52:36 PM
Some girl's family has invested in Bitcoin. She's asking us how to convince them they're being scammed.
https://www.reddit.com/r/Bitcoin/comments/4thlit/my_family_invested_in_onecoin/
Anyone feel like giving her a few pointers?
https://www.reddit.com/r/Bitcoin/comments/4thlit/my_family_invested_in_onecoin/
Anyone feel like giving her a few pointers?
That's not Bitcoin, that's OneCoin the Bitcoin killer. Last I heard they were swtiching on their new block chain to the tune of 120 billion coins. Bigger than Ripple!
NB. There's no actual block chain, so to speak.
this is interesting.
July 18, 2016, 07:51:50 PM
July 18, 2016, 07:50:18 PM
Some girl's family has invested in Bitcoin. She's asking us how to convince them they're being scammed.
https://www.reddit.com/r/Bitcoin/comments/4thlit/my_family_invested_in_onecoin/
Anyone feel like giving her a few pointers?
https://www.reddit.com/r/Bitcoin/comments/4thlit/my_family_invested_in_onecoin/
Anyone feel like giving her a few pointers?
That's not Bitcoin, that's OneCoin the Bitcoin killer. Last I heard they were swtiching on their new block chain to the tune of 120 billion coins. Bigger than Ripple!
NB. There's no actual block chain, so to speak.
Why, isn't that world famous coin by none other than Dr. Ruga? From Forbes?
July 18, 2016, 07:48:31 PM
Some girl's family has invested in Bitcoin. She's asking us how to convince them they're being scammed.
https://www.reddit.com/r/Bitcoin/comments/4thlit/my_family_invested_in_onecoin/
Anyone feel like giving her a few pointers?
https://www.reddit.com/r/Bitcoin/comments/4thlit/my_family_invested_in_onecoin/
Anyone feel like giving her a few pointers?
That's not Bitcoin, that's OneCoin the Bitcoin killer. Last I heard they were swtiching on their new block chain to the tune of 120 billion coins. Bigger than Ripple!
NB. There's no actual block chain, so to speak.
July 18, 2016, 07:43:10 PM
Some girl's family has invested in Bitcoin. She's asking us how to convince them they're being scammed.
https://www.reddit.com/r/Bitcoin/comments/4thlit/my_family_invested_in_onecoin/
Anyone feel like giving her a few pointers?
https://www.reddit.com/r/Bitcoin/comments/4thlit/my_family_invested_in_onecoin/
Anyone feel like giving her a few pointers?
July 18, 2016, 07:36:17 PM
A girl running through a field half naked and high and laughing in the sunshine.
Most people hold their investment in BTCitcoins for the long term! Meaning that short term volumes can't sustain a price that is not being perceived as acceptable or admired with an optimistic glance!
For now.. the rule of the land is that the small volume deciders of the price need to be democratically backed by another 2nd minority of the voters/approvers of the price to keep it afloat and a 3rd minority of the masses/sheeple voters that help the other groups to form a majority and keep the price stable at the accepted emotional satisfaction of their delusions.
July 18, 2016, 07:35:28 PM
Yes. I remain a bit uncertain about what to call the less than one day (June 22) "correction" below $600 that temporarily reached $540-ish.
It's called brexit. And it made my bells ring;)
my guess is that (June 22) "correction" would of have a another leg down, had it not been for the brexiting
perhaps the manipulator saw a lot of bid liquidity pile up on that day, and he felt he had to take it.
July 18, 2016, 07:32:28 PM
Doom death despair and degradation
or
A girl running through a field half naked and high and laughing in the sunshine.
or
A girl running through a field half naked and high and laughing in the sunshine.
I've had my share of both. More than enough, in fact.
July 18, 2016, 07:27:37 PM
Yes. I remain a bit uncertain about what to call the less than one day (June 22) "correction" below $600 that temporarily reached $540-ish.
It's called brexit. And it made my bells ring;)
July 18, 2016, 07:26:38 PM
bears could sell all there conis all at once, and we'd STILL be back to 690 by morning.
July 18, 2016, 07:21:23 PM
A number of moralists condemn lotteries and refuse to see anything noble in the passion of the ordinary gambler. They judge gambling as some atheists judge religion, by its excesses.
"[Mary] Lamb suffered from mental illness, and in 1796 she stabbed her mother to death during a mental breakdown. She was confined to mental facilities off and on for most of her life."
https://en.wikipedia.org/wiki/Mary_LambA man can never have too much time to himself...
July 18, 2016, 07:14:58 PM
Doom death despair and degradation
or
A girl running through a field half naked and high and laughing in the sunshine.
or
A girl running through a field half naked and high and laughing in the sunshine.
Naked lady hysterical because being chased by Bear, is why.
she'll be fine...
July 18, 2016, 07:12:13 PM
Doom death despair and degradation
or
A girl running through a field half naked and high and laughing in the sunshine.
or
A girl running through a field half naked and high and laughing in the sunshine.
Naked lady hysterical because being chased by Bear, is why.
July 18, 2016, 07:10:58 PM
July 18, 2016, 07:09:36 PM
A number of moralists condemn lotteries and refuse to see anything noble in the passion of the ordinary gambler. They judge gambling as some atheists judge religion, by its excesses.
July 18, 2016, 07:04:03 PM
Doom death despair and degradation
or
A girl running through a field half naked and high and laughing in the sunshine.
or
A girl running through a field half naked and high and laughing in the sunshine.
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