they ban unicorns too.
They BANNED unicorns??!! I don't believe this. Link or it didn't happen.
Its no joking matter.... apparently...
http://somakeitup.blogspot.com/2013/10/ban-unicorn-jokes.html
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 31366. (Read 26607973 times)
December 05, 2013, 07:52:44 AM
They BANNED unicorns??!! I don't believe this. Link or it didn't happen.
Its no joking matter.... apparently...
http://somakeitup.blogspot.com/2013/10/ban-unicorn-jokes.html
December 05, 2013, 07:48:49 AM
so, check this out
"...The Notice requires, the Bitcoin websites that act as the main trading platform, should follow the Telecommunications Act and the Regulation on Internet Information Service, and register according to law. ..."
Somebody just got a sweet deal *cough, owner of BTCChina, cough*
Must be nice to get an inside deal. *cough, money exchanges hands, cough*
"...The Notice requires, the Bitcoin websites that act as the main trading platform, should follow the Telecommunications Act and the Regulation on Internet Information Service, and register according to law. ..."
Somebody just got a sweet deal *cough, owner of BTCChina, cough*
Must be nice to get an inside deal. *cough, money exchanges hands, cough*
What advantage does BTCCHina have for which you suggest they've had to pay?
Chinese banks can't enter its business.
December 05, 2013, 07:47:53 AM
wat
December 05, 2013, 07:47:50 AM
they ban unicorns too.
They BANNED unicorns??!! I don't believe this. Link or it didn't happen.
December 05, 2013, 07:47:34 AM
Brace yourselves market gonna crash. Two reasons -
#1 China banned banks from Bitcoin transactions
#2 Sheep Market place theft of $400 million, much bigger than silk road
#1 China banned banks from Bitcoin transactions
#2 Sheep Market place theft of $400 million, much bigger than silk road
How did you get by that number? Weren't 95000 coins?
Check this transaction
https://blockchain.info/address/1CbR8da9YPZqXJJKm9ze1GYf67eKAUfXwP?offset=0&filter=0
That's BTC-E wallet.
says who?
December 05, 2013, 07:47:04 AM
On the topic of wall-watching, there's one to see at Bitstamp... Someone's rolling a 900k BTC bid wall upwards, the price seems to be getting pushed along so far.
December 05, 2013, 07:46:56 AM
You realize is was the central bank in China making the announcement, all central banks hate Bitcoin as they can't print it, they have to buy it like everyone else, they are not use to that level playing field so they will do whatever they can to hinder Bitcoin or any other decentralized currency, the word central isn't in their name for decoration.
December 05, 2013, 07:46:14 AM
Someone's swiping an enormous bid wall on Bitstamp. What are the implications when something like this happens?
December 05, 2013, 07:45:48 AM
The last few days we have a lot of traders looking for a trigger, and a news event of little substance is better than nothing,
The news certainly isn't bad news, its not good either. Its more a statement of the obvious and brings china in-line in what we think the rest of the world is doing. AML, KYC no Bitcoin accounts in your local Bank.
Traders gotta trade, bears gotta find some bad news and weak hands get fleeced.
The news certainly isn't bad news, its not good either. Its more a statement of the obvious and brings china in-line in what we think the rest of the world is doing. AML, KYC no Bitcoin accounts in your local Bank.
Traders gotta trade, bears gotta find some bad news and weak hands get fleeced.
Exactly, those who were crying to sell just got trigger to press the button.
Move on
December 05, 2013, 07:43:28 AM
I'm thinking a 1100 by 9am est, we'll see how it goes from there. I am still torn with how many people can panic upon waking. The west coasters were probably still awake for that crash.
As a West Coaster, I can tell you I was *not* awake at 2AM, but just happened to check from bedside. *jumps out of bed*
December 05, 2013, 07:43:11 AM
Can we assume the worst is over?
China seems to be climbing up again too.
China seems to be climbing up again too.
Yes, yes, we assume 'the worst' is over, unless you like this sort of thing.
Well, it matters what your point of view is.
I will 'like this sort of thing' once it's over and Bitcoin has grown stronger in it's position.
Although I'm a long term bull, I'm fully aware that we need these kind of crashes for Bitcoin to gain strength.
December 05, 2013, 07:43:04 AM
The last few days we have a lot of traders looking for a trigger, and a news event of little substance is better than nothing,
The news certainly isn't bad news, its not good either. Its more a statement of the obvious and brings china in-line in what we think the rest of the world is doing. AML, KYC no Bitcoin accounts in your local Bank.
Traders gotta trade, bears gotta find some bad news and weak hands get fleeced.
The news certainly isn't bad news, its not good either. Its more a statement of the obvious and brings china in-line in what we think the rest of the world is doing. AML, KYC no Bitcoin accounts in your local Bank.
Traders gotta trade, bears gotta find some bad news and weak hands get fleeced.
December 05, 2013, 07:42:07 AM
I'm thinking a 1100 by 9am est, we'll see how it goes from there. I am still torn with how many people can panic upon waking. The west coasters were probably still awake for that crash.
like someone woke up and panic'd on cavirtex.. just dropped of $100 for no apparent reason other then a couple people turning bear.
like someone woke up and panic'd on cavirtex.. just dropped of $100 for no apparent reason other then a couple people turning bear.
December 05, 2013, 07:40:15 AM
Getting in and out from exchange to exchange and currency to currency (even if you're 24/7 at it) will end up in tears for you (in most cases) if you don't have previous experience and knowledge.
I personally follow and post here the 5 rules of success for you:
1. Don't get emotional from other's people thoughts.
2. Not everyone here is a "nice person" you can trust.
3. IF YOU DON'T KNOW WHAT TO DO, DON'T TRADE.
4. HOLD!!!
5. Until you desperately need the money follow rule #4.
Good Luck!
I think this is the very best advice I could ever read on this thread.I personally follow and post here the 5 rules of success for you:
1. Don't get emotional from other's people thoughts.
2. Not everyone here is a "nice person" you can trust.
3. IF YOU DON'T KNOW WHAT TO DO, DON'T TRADE.
4. HOLD!!!
5. Until you desperately need the money follow rule #4.
Good Luck!
Went cold storage after that.
Until we're up to $ 10.000, everything else is background noise for me.
December 05, 2013, 07:39:38 AM
Can we assume the worst is over?
China seems to be climbing up again too.
China seems to be climbing up again too.
Yes, yes, we assume 'the worst' is over, unless you like this sort of thing.
December 05, 2013, 07:38:48 AM
Can we assume the worst is over?
China seems to be climbing up again too.
China seems to be climbing up again too.
December 05, 2013, 07:37:45 AM
so, check this out
"...The Notice requires, the Bitcoin websites that act as the main trading platform, should follow the Telecommunications Act and the Regulation on Internet Information Service, and register according to law. ..."
Somebody just got a sweet deal *cough, owner of BTCChina, cough*
Must be nice to get an inside deal. *cough, money exchanges hands, cough*
"...The Notice requires, the Bitcoin websites that act as the main trading platform, should follow the Telecommunications Act and the Regulation on Internet Information Service, and register according to law. ..."
Somebody just got a sweet deal *cough, owner of BTCChina, cough*
Must be nice to get an inside deal. *cough, money exchanges hands, cough*
What advantage does BTCCHina have for which you suggest they've had to pay?
I'm suggesting it must be nice to have all potential competition in your country, essentially, get the kibosh. How that may have happened, I can only *speculate*.
Did you see this from a couple of days ago? It might help with that *speculation*.
http://www.bloomberg.com/news/2013-12-02/china-s-largest-bitcoin-exchange-seeks-recognition-for-currency.html
Yeah, I saw that, thanks for the quick link. You know, the interesting thing there is that they specifically mention "seeking recognition of the digital currency that would allow it to be used to buy goods and services in the country", so while they failed on that regard, they got a major pass onto the 'white list'.
Quoted from article, "Bitcoin is 'not on the black list and it’s not on the white list. It’s in the gray area.' "
December 05, 2013, 07:35:33 AM
Dude stop reading what some bull manipulates the news to say as fact. It's bad news full stop. China's banning financial institutions from handling bitcoin transactions, if you see that as good news for Chinese exchanges or for bitcoin in China alone, your deluded.
Is your perspective now the following hours, days, weeks or months?
"Bad news for Bitcoin" as a generalization does not exist, because nothing can stop Bitcoin. It is just a question of the way.
Pls elaborate.
Yes I agree, just getting caught up in the excitement. Like I said earlier I still think 1mill per coin is going to happen. But this is a temporary bad news. I think we will feel the effects of this for a few weeks, if not months. Not only because of what has happened in China but because it will effect the confidence of all our new investors, small or big. The media which has helped rally us to our latest ATH with such voracity will act as a two edged sword and now do the opposite touting the crash which will upset our adoption rate.
I don't think we will see several months like the last time, but we will have to go into a bear market for a few months, forget this bad news, recuperate, get more good news, and advance on another ATH attack, how long that takes, I have no idea.
This could be a possibility.
Only in BitcoinTalk can "banning" something that has never been done, bad news.
Where in the world are there banking institutions with bank accounts denominated in bitcoin? China?
Looks like they were contemplating it, and the big boys said "not yet" loudly.
Wake me up when they ban unicorns too.
December 05, 2013, 07:34:04 AM
Simply said, what China bans in this notice does not exists in any country yet. As far as I know no bank is using bitcoin as a currency in all over the world. Even Germany treats it as a private currency. China just officially announced it. On the other hand, previously exchanges are in gray area but now they have chance to be 'white'.
But didn't China ban it as a currency too? In that case probably the main purpose of bitcoin is void. I'm not saying that's the case but that's what I heard. Banning the banks is moot, who cares? But banning the currency aspect of bitcoin is really not cool.
Actually this does not matter much. People cannot use gold to buy things too.
December 05, 2013, 07:32:38 AM
Brace yourselves market gonna crash. Two reasons -
#1 China banned banks from Bitcoin transactions
#2 Sheep Market place theft of $400 million, much bigger than silk road
#1 China banned banks from Bitcoin transactions
#2 Sheep Market place theft of $400 million, much bigger than silk road
How did you get by that number? Weren't 95000 coins?
Check this transaction
https://blockchain.info/address/1CbR8da9YPZqXJJKm9ze1GYf67eKAUfXwP?offset=0&filter=0
That's BTC-E wallet.
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