What does the China Bitcoin ban mean? - page 2.

EskimoBob

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Quality Printing Services by Federal Reserve Bank

Quote from: Bitcoin-hotep on December 07, 2013, 05:23:52 PM

I found some good articles and YouTube videos with this search
https://www.google.com/search?newwindow=1&site=&source=hp&q=what+does+the+china+bitcoin+ban+mean&oq=what+does+the+china+bitcoin+ban+mean&gs_l=hp.3...1888.7941.0.8300.38.16.1.0.0.0.1014.3244.9j2j1j5-1j1j1.15.0....0...1c.1.32.hp..31.7.1045.Bwclj-0O3s4

Ban? What ban are you talking about?

TiagoTiago

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Firstbits.com/1fg4i :)

But either way, Bitcoin can only be stopped by something better; and nothing of the sort has come up so far.

TiagoTiago

hero member

Activity: 616

Merit: 500

Firstbits.com/1fg4i :)

If those Squawkonomics translations are correct, then it's a bit more serious than i was led to believe. Though who is the issuer of bitcoins? Satoshi Nakamoto?

Everything i had read before this that had any credibility said individuals still had every freedom they had had before (with the exception of using Bitcoin exchanges anonymously), and the restrictions only applied to banks and governmental entities, and private companies were advised there was the need of further investigation to evaluate Bitcoin's financial risk/benefit to them.

lindeanin

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Quote from: TiagoTiago on December 08, 2013, 12:56:12 AM

There is no "China Bitcoin ban", they just said it was a commodity and not fiat.

Yes, but merchant cannot list prices in Bitcoin if I understand right

Trisser

newbie

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it mean we got cheap bitcoin now : )

Steam20

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Hi guys. this is my first post, so hi all Shocked

)

Well, nothing goes up in a straight line, bitcoin will have its ups and Downs. What will be important is what will happen in China in the years to come i guess.
I would expect bitcoin to fluctuate between 500 and 1000 for at least some days to come, so dont expect this to go much higher any time soon.

I feel sorry for those that bought at 1200, they must really be feeling the pain right now, still those who bought at 10 or lower must be laughing all the way to the bank LOL.

What are Your expectations going forward...

Have a Nice sunday.

Calarye5

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Quote from: kekky on December 08, 2013, 02:14:31 AM

Hello Everyone,

For those of you who are looking to see the big picture of the effects of the December 5 People's Bank of China statement, you can check out www.squawkonomics.com for the post "Explaining the Regulatory Impact on Bitcoin in China". We have translated December 5th's People's Bank of China statement key points, and we continue to monitor developments coming out of the People's Bank of China and various other financial regulation bodies.

We hope this information can give you the big picture of what is happening inside China right now, and we will update you via our website if there is any further developments out of China as they come.

Thanks for the translation.

Itun

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Merit: 100

Quote from: kekky on December 08, 2013, 02:14:31 AM

Hello Everyone,

For those of you who are looking to see the big picture of the effects of the December 5 People's Bank of China statement, you can check out www.squawkonomics.com for the post "Explaining the Regulatory Impact on Bitcoin in China". We have translated December 5th's People's Bank of China statement key points, and we continue to monitor developments coming out of the People's Bank of China and various other financial regulation bodies.

We hope this information can give you the big picture of what is happening inside China right now, and we will update you via our website if there is any further developments out of China as they come.

Nice job.

It's helpful to see how the other side of the world is taking btc.

Is this the website admin's account? I saw that you wrote "we."

kekky

newbie

Activity: 32

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Hello Everyone,

For those of you who are looking to see the big picture of the effects of the December 5 People's Bank of China statement, you can check out www.squawkonomics.com for the post "Explaining the Regulatory Impact on Bitcoin in China". We have translated December 5th's People's Bank of China statement key points, and we continue to monitor developments coming out of the People's Bank of China and various other financial regulation bodies.

We hope this information can give you the big picture of what is happening inside China right now, and we will update you via our website if there is any further developments out of China as they come.

Itun

full member

Activity: 238

Merit: 100

This means that the demand for btc gets lowered (especially in the Chinese market).

Because China was the main force that started this bubble, it was able to bring it down.

TiagoTiago

hero member

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Firstbits.com/1fg4i :)

Quote from: Bettison on December 08, 2013, 01:20:18 AM

But, people just keep saying "OMG, there is a very bad news", and then people panic-sell.

That is pretty much exactly what has been happening, people saying it is bad without reason, and then people panicking when hearing that.

Bettison

newbie

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Quote from: TiagoTiago on December 08, 2013, 12:56:12 AM

There is no "China Bitcoin ban", they just said it was a commodity and not fiat.

But, people just keep saying "OMG, there is a very bad news", and then people panic-sell.

TiagoTiago

hero member

Activity: 616

Merit: 500

Firstbits.com/1fg4i :)

There is no "China Bitcoin ban", they just said it was a commodity and not fiat.

MicroGuy

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Twitter @realmicroguy

Quote from: Bitcoin-hotep on December 07, 2013, 05:52:02 PM

I think giving your kids a bunch of the very cheapest Altcoin is the best gift idea.

Yes! And I'd recommend going heavy on Goldcoin! Cheesy

In Satoshi's last and final post before abandoning Bitcoin and running off with well over 1 million Bitcoins, he said "there are still more ways to attack us than I can count". Bye, LOL.

https://bitcointalksearch.org/user/satoshi-3

Well our development team has been working feverishly to solve the riddle that drove Satoshi underground. This announcement was just made privately on our forum a few hours ago: https://www.gldtalk.org/index.php?topic=1748.0

Come check out Goldcoin and discover the new Gold Standard of the Crypto Universe. Cheesy

..
..

Oh yeah...and check out my latest video! vvvvvvvvvvvvvv Cool

Bitcoin-hotep

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I think China was just mad that they didn't get coins before their people did, so now they paid someone to drop the price so they can buy a bunch.

niothor

hero member

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in defi we trust

Quote from: Bitcoin-hotep on December 07, 2013, 06:24:33 PM

Quote from: niothor on December 07, 2013, 06:00:50 PM

Quote from: Bitcoin-hotep on December 07, 2013, 05:23:52 PM

I found some good articles and YouTube videos with this search
https://www.google.com/search?newwindow=1&site=&source=hp&q=what+does+the+china+bitcoin+ban+mean&oq=what+does+the+china+bitcoin+ban+mean&gs_l=hp.3...1888.7941.0.8300.38.16.1.0.0.0.1014.3244.9j2j1j5-1j1j1.15.0....0...1c.1.32.hp..31.7.1045.Bwclj-0O3s4

To answer the thread question.
Nobody know for sure.And if there people who understand what the government intended to do , they don't have a clue of the impact.

So are you saying you think that no one in the world could possibly guess what is about to happen next?

Of course somebody can guess , but you'll have to guess who is that one

Bitcoin-hotep

sr. member

Activity: 308

Merit: 253

Quote from: niothor on December 07, 2013, 06:00:50 PM

Quote from: Bitcoin-hotep on December 07, 2013, 05:23:52 PM

I found some good articles and YouTube videos with this search
https://www.google.com/search?newwindow=1&site=&source=hp&q=what+does+the+china+bitcoin+ban+mean&oq=what+does+the+china+bitcoin+ban+mean&gs_l=hp.3...1888.7941.0.8300.38.16.1.0.0.0.1014.3244.9j2j1j5-1j1j1.15.0....0...1c.1.32.hp..31.7.1045.Bwclj-0O3s4

To answer the thread question.
Nobody know for sure.And if there people who understand what the government intended to do , they don't have a clue of the impact.

So are you saying you think that no one in the world could possibly guess what is about to happen next?

niothor

hero member

Activity: 826

Merit: 501

in defi we trust

Quote from: Bitcoin-hotep on December 07, 2013, 05:23:52 PM

I found some good articles and YouTube videos with this search
https://www.google.com/search?newwindow=1&site=&source=hp&q=what+does+the+china+bitcoin+ban+mean&oq=what+does+the+china+bitcoin+ban+mean&gs_l=hp.3...1888.7941.0.8300.38.16.1.0.0.0.1014.3244.9j2j1j5-1j1j1.15.0....0...1c.1.32.hp..31.7.1045.Bwclj-0O3s4

To answer the thread question.
Nobody know for sure.And if there people who understand what the government intended to do , they don't have a clue of the impact.

honky1492

member

Activity: 118

Merit: 10

Quote from: naphto on December 07, 2013, 05:33:46 PM

Who wants 0.01 btc as a chritsmas gift? Cheesy

I think Cassascius 0.5 BTC coin is affordable as a chritsmas gift

Bitcoin-hotep

sr. member

Activity: 308

Merit: 253

Quote from: otsaku on December 07, 2013, 05:51:05 PM

Quote from: naphto on December 07, 2013, 05:33:46 PM

Who wants 0.01 btc as a chritsmas gift? Cheesy

Mr. Moneybags!

I'm giving my kids 0.000001 Btc for christmas - no need to go mad.

I think giving your kids a bunch of the very cheapest Altcoin is the best gift idea.

Topic: What does the China Bitcoin ban mean? - page 2. (Read 1856 times)