http://paymentmagnates.com/view_news/major-retailers-to-accept-bitcoin-in-2014-/568
bull fud? or choo choo
edit possible china fud
http://www.reddit.com/r/Bitcoin/comments/1tgntd/chinese_exchange_huobi_still_accepting_rmb/
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 30760. (Read 26712937 times)
December 22, 2013, 07:03:17 PM
December 22, 2013, 06:59:12 PM
I understand that I may be a biased bull, but can someone intelligibly explain to be please, why the China news is THAT bearish for bitcoin esp in China, considering they said it is legal to buy and own? they don't want their institutions to transact with it, okay fine. that definately sucks. how does that mean it's dead there though, barring them announcing theyll lock away citizens and torture them if they own bitcoins.
I also don't see the bearish between the lines in that bobby letter, in fact it sounds bullish to me.
this is all for curiosity's sake anyhow as it's a big world and China can take this stance now, if they even stick to it in the long run it's not a big deal for bitcoin longterm
I also don't see the bearish between the lines in that bobby letter, in fact it sounds bullish to me.
this is all for curiosity's sake anyhow as it's a big world and China can take this stance now, if they even stick to it in the long run it's not a big deal for bitcoin longterm
I think it just comes down to market uncertainty in the short term. For instance, when the price of BTCChina goes very low, it's possible to purchase coins from Chinese panic sellers and quickly flip them on BitStamp or Gox for a (nearly) risk-free profit. I think some market participants are expecting this, and thus set their bids lower than they otherwise would.
In the short term, I believe we can indeed dip lower again (Christmas holiday massacre?), and I don't think we can make a strong move above the ATH until there is some closure regarding BTCChina.
Disclosure: I am long-term bull that thinks we will continue to grow with or without the blessing of the Chinese government.
December 22, 2013, 06:57:27 PM
I understand that I may be a biased bull, but can someone intelligibly explain to be please, why the China news is THAT bearish for bitcoin esp in China, considering they said it is legal to buy and own? they don't want their institutions to transact with it, okay fine. that definately sucks. how does that mean it's dead there though, barring them announcing theyll lock away citizens and torture them if they own bitcoins.
I also don't see the bearish between the lines in that bobby letter, in fact it sounds bullish to me.
this is all for curiosity's sake anyhow as it's a big world and China can take this stance now, if they even stick to it in the long run it's not a big deal for bitcoin longterm
Because currently lots of bitcoin commerce is hedged or converted to fiat sometimes instantly. That's kinda hard to do if banks can't work with bitcoin. I also don't see the bearish between the lines in that bobby letter, in fact it sounds bullish to me.
this is all for curiosity's sake anyhow as it's a big world and China can take this stance now, if they even stick to it in the long run it's not a big deal for bitcoin longterm
December 22, 2013, 06:55:09 PM
good grief finally!
was getting forum withdrawal
WTF Thymos?
was getting forum withdrawal
WTF Thymos?
December 22, 2013, 06:14:53 PM
English is not my mothertongue. but i don't read anything between the lines?
Or is it the Picasso cold wallet?
Or is it the Picasso cold wallet?
December 22, 2013, 06:08:22 PM
Don't know if this has already been posted, but here is BTC China statment from Bobby: https://vip.btcchina.com/page/notice20131220
Reading between the lines speaks volumes here...
Reading between the lines speaks volumes here...
Ya help me out with reading between the lines.
china is fucked. there's still prostitutes available for qq coin though. the Chinese black market is bigger that several European economies though. Still fucked though.
sure they are. I don't get the big problem with regulating an emerging market .. in a communist country.. in fact I expected this sooner lol
December 22, 2013, 06:03:54 PM
Don't know if this has already been posted, but here is BTC China statment from Bobby: https://vip.btcchina.com/page/notice20131220
Reading between the lines speaks volumes here...
Reading between the lines speaks volumes here...
Ya help me out with reading between the lines.
china is fucked. there's still prostitutes available for qq coin though. the Chinese black market is bigger that several European economies though. Still fucked though.
December 22, 2013, 06:02:11 PM
Don't know if this has already been posted, but here is BTC China statment from Bobby: https://vip.btcchina.com/page/notice20131220
Reading between the lines speaks volumes here...
Reading between the lines speaks volumes here...
Ya help me out with reading between the lines.
"We are screwed."
December 22, 2013, 06:01:17 PM
Don't know if this has already been posted, but here is BTC China statment from Bobby: https://vip.btcchina.com/page/notice20131220
Reading between the lines speaks volumes here...
Reading between the lines speaks volumes here...
Ya help me out with reading between the lines.
December 22, 2013, 05:59:54 PM
English is not my mothertongue. but i don't read anything between the lines?
Or is it the Picasso cold wallet?
Or is it the Picasso cold wallet?
December 22, 2013, 05:54:32 PM
Don't know if this has already been posted, but here is BTC China statment from Bobby: https://vip.btcchina.com/page/notice20131220
Reading between the lines speaks volumes here...
Reading between the lines speaks volumes here...
December 22, 2013, 05:41:38 PM
rpetiela deleted his best wishes??
December 22, 2013, 05:39:59 PM
Its stagnating... PANIC HODL!
Really... do something. I'm bored.
Really... do something. I'm bored.
December 22, 2013, 05:17:38 PM
Does not look too rosy for bulls now... My final speculation before Christmas is that we will see quite low prices (already) before New Year's.
Merry Christmas/Xmas/Holidays everyon!
Merry Christmas/Xmas/Holidays everyon!
My speculation is $5k in 2014 .. so Merry Christmas for every one who is holding, and for those who are selling me cheap coins. :-)
December 22, 2013, 05:16:48 PM
When Einstein explained the theory of relativity, it wasn't that the older physicists eventually came to realize that he was right. What happened instead is that they all died, leaving behind only the younger ones who were less blind to truth.
True!!!
nice reference, have to remember that one
So you just explained how we can speed up the process
December 22, 2013, 05:15:30 PM
miss the "thanks button"
December 22, 2013, 05:11:10 PM
When Einstein explained the theory of relativity, it wasn't that the older physicists eventually came to realize that he was right. What happened instead is that they all died, leaving behind only the younger ones who were less blind to truth.
True!!!
nice reference, have to remember that one
To generalize a bit; it tends to happen with all new breakthroughs around the world. Remember that innovators were always the crazy ones that defied the "correct road". I've a theory that I present to fellow scientists; they tend to like it, so I present it here for you:
"If you want to invent something new you should study all those things, that others before you, have theorized and written into books. You MUST then, forget all about this shit. Invent your own way of thinking to understand what they were trying to express. Forget their laws, try make up your own ones. Be smart, be unique, be like a small child. You will eventually get it wrong; but there's a chance you get it right... and when you do, you will realize that there are many ways to get up this mountain apart from the known path.
There are very few innovators in the world because WE ARE FORCED to follow the books. If this was a successful method; we would be full of new theories, devices and innovations all around us. It seems it works the other way around..."
They all love it, because I tell them not to study too much...
December 22, 2013, 05:08:33 PM
When Einstein explained the theory of relativity, it wasn't that the older physicists eventually came to realize that he was right. What happened instead is that they all died, leaving behind only the younger ones who were less blind to truth.
True!!!
nice reference, have to remember that one
Funnily enough, Einstein spent the the last half of his life opposing the new insights of quantum mechanics, just like older physicists had opposed his theory of relativity.
Tells a lot about the human condition I think.great add! have to remember that one also
December 22, 2013, 05:07:48 PM
When Einstein explained the theory of relativity, it wasn't that the older physicists eventually came to realize that he was right. What happened instead is that they all died, leaving behind only the younger ones who were less blind to truth.
True!!!
nice reference, have to remember that one
Funnily enough, Einstein spent the the last half of his life opposing the new insights of quantum mechanics, just like older physicists had opposed his theory of relativity.
Tells a lot about the human condition I think. 
December 22, 2013, 05:02:00 PM
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