Author

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 27435. (Read 26644455 times)

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.
sr. member
Activity: 338
Merit: 250
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.

You mean 1.35 billion.
hero member
Activity: 812
Merit: 587
Space Lord
Damn it feels so much better to wake up in uptrends then downtrends

Same here... It's gonna be a nice summer Cheesy
sr. member
Activity: 280
Merit: 250
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.
hero member
Activity: 574
Merit: 500
They are using "4th party processor", i.e. recharge voucher

1st parties are the exchanges and client
2nd party is the commercial banks
3rd party is the Alipay (like Paypal)

PBoC banned 2nd and 3rd parties, so the exchanges add one more layer on top of that.

All noobs and non-believers should have sold during the capitulation. The Chinese who are buying now are those really understand the value of bitcoin.
Do they seriously think the PBOC won't ban "4th party" too, or didn't intend to ban it already? The exchange operators seem to be playing an extremely dangerous game here.

China can push it as far underground as they want to, but making it a 100% black market is not going to stop it. BTC is too great of a tool to get money both in and out of china.

Sure the volume reported on exchanges might go down, but the trade can not be stopped.

Oh look con master 2000 shows his theifing head

Dont you have money to steal from others somewhere ??
legendary
Activity: 2338
Merit: 1035
Damn it feels so much better to wake up in uptrends then downtrends
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?
sr. member
Activity: 280
Merit: 250
Bitcoin is legal in China and is not going anywhere,  but whatever you guys need to think to justify miscalling the price action.
hero member
Activity: 910
Merit: 1003
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..
sr. member
Activity: 280
Merit: 250
hero member
Activity: 728
Merit: 500
legendary
Activity: 2016
Merit: 1259
//horrible, horrible gif

Dude, WHY??

PoolMinor consistently comes up with the best for us  Cheesy

Carry On!

Jump to: