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Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 27434. (Read 26644326 times)

hero member
Activity: 728
Merit: 500
Bitcoin's collapse will probably just be one big candle straight to 0 - not something gradual that we predict and chart out with TA. Maybe the same with the economy.

Why will bitcoin probably collapse to zero?

I am sure you are an excellent technical trader but price prediction and being positive in life are not your strong points! Smiley
a complete protocol failure
legendary
Activity: 1176
Merit: 1000
Bitcoin's collapse will probably just be one big candle straight to 0 - not something gradual that we predict and chart out with TA. Maybe the same with the economy.

Why will bitcoin probably collapse to zero?

I am sure you are an excellent technical trader but price prediction and being positive in life are not your strong points! Smiley
hero member
Activity: 812
Merit: 1000
US dollar is very tedious to mine tho
legendary
Activity: 1442
Merit: 2282
Degenerate bull hatter & Bitcoin monotheist
I need my dose of the bear fud, anyone?

We won't reach $709.  This is just another failed break out.  Within 2 weeks Bitstamp will test $300.  Lower highs and lower lows.  

Feel better now?
hero member
Activity: 812
Merit: 587
Space Lord
I need my dose of the bear fud, anyone?

Nope, soz Cheesy
It's just too good.
hero member
Activity: 728
Merit: 500
I need my dose of the bear fud, anyone?
The U.S. Dollar is suddenly going to get very strong and rally.
hero member
Activity: 812
Merit: 1000
I need my dose of the bear fud, anyone?
hero member
Activity: 812
Merit: 587
Space Lord
I can't imagine how average Joes [in China] are still brave enough to flow in with pboc's gun on the back?
I don't think that average Joe clients are under any pressure or threat.  At most they may have their bank accounts closed if they manage to use them to trade bitcoins.  If there will be penalties, they should fall only on card processors, exchanges, brokers etc..

Hm, clearly the money flow is not cut out but it isn't sufficient for why China is taking lead again.

Why China is taking the lead again, even though money flow in is more complicated than other areas?

-Chinese are real bitcoin believers?
-chinese are more greedy?
-chinese whales are special?

What else?

Maybe because China has a population of like 1 billion.  Even if a less percent of the Chinese use bitcoin, it is still a greater number than in the west.

For the educated, I wonder whether Chinese population is really bigger?

I tend to believe the main reason lies in RMB yuan. Chinese people has less confidence in their currency than other areas. Before Yuan collapses, China may inevitably take lead.

What are you suggesting? Fake volume?

Oh come on... So China is a small-populated country today. Seriously?
legendary
Activity: 1764
Merit: 1031
I can't imagine how average Joes [in China] are still brave enough to flow in with pboc's gun on the back?
I don't think that average Joe clients are under any pressure or threat.  At most they may have their bank accounts closed if they manage to use them to trade bitcoins.  If there will be penalties, they should fall only on card processors, exchanges, brokers etc..

Hm, clearly the money flow is not cut out but it isn't sufficient for why China is taking lead again.

Why China is taking the lead again, even though money flow in is more complicated than other areas?

-Chinese are real bitcoin believers?
-chinese are more greedy?
-chinese whales are special?

What else?

Maybe because China has a population of like 1 billion.  Even if a less percent of the Chinese use bitcoin, it is still a greater number than in the west.

For the educated, I wonder whether Chinese population is really bigger?

I tend to believe the main reason lies in RMB yuan. Chinese people has less confidence in their currency than other areas. Before Yuan collapses, China may inevitably take lead.

What are you suggesting? Fake volume?
sr. member
Activity: 338
Merit: 250
Why would Yuan collapse? It's as good as ever.

Huge banking sector bubble similar to japan in the late 80's



The whole world is in bubble and no one knows when and if things will collapse. Many well-known people (banking, hedge funds) are saying China will collapse, USA will collapse, Japan will collapse, EU will collapse, stock market will collapse, etc., but so far they are 100% wrong for many years since financial crisis and people listening to them are losing money not participating in the markets!

Some are even saying BTC has no future and is doomed to fail, but 100x gain in one year shows you how no one has a clue what's going on. I am just saying markets are irrational and things can go on like this for years and years.

 Huobi is currently $10 higher than that of stamp. Will China take lead for this rally again? If so, why China always takes lead?

Irration does not explain this. There must be something else behind.

Capital controls actually make bitcoin more attractive to wealthy chinese than to wealthy people living in free capital countries. People in free capital countries know they can enjoy their money wherever they go in the world. People in China not. What is better for them than to hold some of their wealth in BTC ?
legendary
Activity: 1442
Merit: 2282
Degenerate bull hatter & Bitcoin monotheist
Why would Yuan collapse? It's as good as ever.

Huge banking sector bubble similar to japan in the late 80's



And the yen has not collapsed.  Don't fool yourself the yuan isn't going anywhere.  All of that debt is public debt and the Chinese debt to GDP ratio is only 31%.  Without even considering tools like quantative easing.
member
Activity: 75
Merit: 10
Why would Yuan collapse? It's as good as ever.

Huge banking sector bubble similar to japan in the late 80's



The whole world is in bubble and no one knows when and if things will collapse. Many well-known people (banking, hedge funds) are saying China will collapse, USA will collapse, Japan will collapse, EU will collapse, stock market will collapse, etc., but so far they are 100% wrong for many years since financial crisis and people listening to them are losing money not participating in the markets!

Some are even saying BTC has no future and is doomed to fail, but 100x gain in one year shows you how no one has a clue what's going on. I am just saying markets are irrational and things can go on like this for years and years.

 Huobi is currently $10 higher than that of stamp. Will China take lead for this rally again? If so, why China always takes lead?

Irration does not explain this. There must be something else behind.
hero member
Activity: 728
Merit: 500
Bitcoin's collapse will probably just be one big candle straight to 0 - not something gradual that we predict and chart out with TA. Maybe the same with the economy.
hero member
Activity: 812
Merit: 587
Space Lord
Why would Yuan collapse? It's as good as ever.

Huge banking sector bubble similar to japan in the late 80's



The whole world is in bubble and no one knows when and if things will collapse. Many well-known people (banking, hedge funds) are saying China will collapse, USA will collapse, Japan will collapse, EU will collapse, stock market will collapse, etc., but so far they are 100% wrong for many years since financial crisis and people listening to them are losing money not participating in the markets!

Some are even saying BTC has no future and is doomed to fail, but 100x gain in one year shows you how no one has a clue what's going on. I am just saying markets are irrational and things can go on like this for years and years.

Exactly.
hero member
Activity: 538
Merit: 500
Why would Yuan collapse? It's as good as ever.

Huge banking sector bubble similar to japan in the late 80's



The whole world is in bubble and no one knows when and if things will collapse. Many well-known people (banking, hedge funds) are saying China will collapse, USA will collapse, Japan will collapse, EU will collapse, stock market will collapse, etc., but so far they are 100% wrong for many years since financial crisis and people listening to them are losing money not participating in the markets!

Some are even saying BTC has no future and is doomed to fail, but 100x gain in one year shows you how no one has a clue what's going on. I am just saying markets are irrational and things can go on like this for years and years.
hero member
Activity: 574
Merit: 500
Why would Yuan collapse? It's as good as ever.

Huge banking sector bubble similar to japan in the late 80's

hero member
Activity: 812
Merit: 587
Space Lord
Why would Yuan collapse? It's as good as ever.
member
Activity: 75
Merit: 10
I can't imagine how average Joes [in China] are still brave enough to flow in with pboc's gun on the back?
I don't think that average Joe clients are under any pressure or threat.  At most they may have their bank accounts closed if they manage to use them to trade bitcoins.  If there will be penalties, they should fall only on card processors, exchanges, brokers etc..

Hm, clearly the money flow is not cut out but it isn't sufficient for why China is taking lead again.

Why China is taking the lead again, even though money flow in is more complicated than other areas?

-Chinese are real bitcoin believers?
-chinese are more greedy?
-chinese whales are special?

What else?

Maybe because China has a population of like 1 billion.  Even if a less percent of the Chinese use bitcoin, it is still a greater number than in the west.

For the educated, I wonder whether Chinese population is really bigger?

I tend to believe the main reason lies in RMB yuan. Chinese people has less confidence in their currency than other areas. Before Yuan collapses, China may inevitably take lead.
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
hero member
Activity: 812
Merit: 587
Space Lord
It's different people, a different world. We only follow them when they get the price up.
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