Why is the price going up again? (1st april 2014 around 17:30)

BitcoinBobbeh

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Quote from: ActualAdviceBTC on April 01, 2014, 06:37:20 PM

Quote from: durrrr on April 01, 2014, 12:54:27 PM

i dont think the bear market and bull markets reall apply with bitcoin. bitcoin is worth whatever someone is willing to pay for 1 at any given time. sometimes 1$ sometimes 1000$

I would really like to hear the reasoning behind this

His reasoning is his username.

b¡tco¡n

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Quote from: ActualAdviceBTC on April 01, 2014, 06:37:20 PM

Quote from: durrrr on April 01, 2014, 12:54:27 PM

i dont think the bear market and bull markets reall apply with bitcoin. bitcoin is worth whatever someone is willing to pay for 1 at any given time. sometimes 1$ sometimes 1000$

I would really like to hear the reasoning behind this

Me too.

To me it is nothing but bull market, bear market, bull market. Ok occasionally a flat market too.

googlemaster1

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Quote from: fonzie on April 01, 2014, 02:22:10 PM

Chinese will be lucky not to be sentenced to death if they use cryptoscurrency which main purpose is obviously money laundering and financing terrorism beside the fact that a western ponzi is stealing shameless from the pocket of poor chinese people.
PBOC will show no mercy. They will hammer down the nails soon, just like they did it with Alipay a few weeks ago.

http://www.businessinsider.com/r-china-central-bank-orders-halt-to-online-payments-using-qr-codes-2014-13

-I lol'd! hahahaha

ActualAdviceBTC

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Quote from: durrrr on April 01, 2014, 12:54:27 PM

i dont think the bear market and bull markets reall apply with bitcoin. bitcoin is worth whatever someone is willing to pay for 1 at any given time. sometimes 1$ sometimes 1000$

http://i0.kym-cdn.com/entries/icons/original/000/005/498/1300044776986.jpg?1301826641

I would really like to hear the reasoning behind this

Chalkbot

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Quote from: gentlemand on April 01, 2014, 06:32:01 PM

Sometimes it's allowed to go up. It's not illegal.

Not yet.

gentlemand

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Welt Am Draht

Sometimes it's allowed to go up. It's not illegal.

zzojar

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Quote from: Raize on April 01, 2014, 01:18:39 PM

Even a dead cat will bounce if it falls from a great height.

Good call. What we're seeing now is called "retracement." It does not mean the price is going up indefinitely. It'll retrace a bit, then retest the $450 low, and probably go lower.

fonzie

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Quote from: bananaControl on April 01, 2014, 03:50:59 PM

Quote from: bitluryz on April 01, 2014, 02:17:51 PM

Maybe because smart people begin to realize that if this ban project was real, PBOC wouldn't wait so long for announcement; they can't wait the last day and say: "ban ! owned now".

No. That's not how the Chinese gov works. They will never say things directly if they can say it in some twisty cunning way that lets them change their mind later on if it is to their advantage.

The price could still go much lower if a more clear "ban" is issued*, but I think that it would be mainly as a result of Chinese people selling (and only weak hands in the west). Ask yourself: how much of tha last bubble was a result of the Chinese buying? Then you know how low bitcoin will potentially go.

I myself am buying all the way down, starting now. See you guys on the other side Cheesy

* I called it a ban, but it could rather well just be by banning something else related to btc, that will be as efficient as a real ban.

50% and another 40% have been made up with fake Gox money.
So we will at least go down another 50% , probably more due to western people sellin and/or leavin the market if the price drops further.

bananaControl

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Quote from: bitluryz on April 01, 2014, 02:17:51 PM

Maybe because smart people begin to realize that if this ban project was real, PBOC wouldn't wait so long for announcement; they can't wait the last day and say: "ban ! owned now".

No. That's not how the Chinese gov works. They will never say things directly if they can say it in some twisty cunning way that lets them change their mind later on if it is to their advantage.

The price could still go much lower if a more clear "ban" is issued*, but I think that it would be mainly as a result of Chinese people selling (and only weak hands in the west). Ask yourself: how much of tha last bubble was a result of the Chinese buying? Then you know how low bitcoin will potentially go.

I myself am buying all the way down, starting now. See you guys on the other side Cheesy

* I called it a ban, but it could rather well just be by banning something else related to btc, that will be as efficient as a real ban.

fonzie

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Chinese will be lucky not to be sentenced to death if they use cryptoscurrency which main purpose is obviously money laundering and financing terrorism beside the fact that a western ponzi is stealing shameless from the pocket of poor chinese people.
PBOC will show no mercy. They will hammer down the nails soon, just like they did it with Alipay a few weeks ago.

http://www.businessinsider.com/r-china-central-bank-orders-halt-to-online-payments-using-qr-codes-2014-13

bitluryz

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Quote from: Mikcik on April 01, 2014, 11:30:10 AM

Why is the price going up again? Was there any announcment from PBOC (china central bank) that it wont ban bitcoin...? I think the issue is stil not resolved...?

Maybe because smart people begin to realize that if this ban project was real, PBOC wouldn't wait so long for announcement; they can't wait the last day and say: "ban ! owned now".

This rumor is a good fake but is not perfect just find the clew with your mind and not with your fear.

Price will go on increasing.

rohnearner

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REAL-EYES || REAL-IZE || REAL-LIES||

this will be too early to say price is going up..! it is around 470$ and I won't say it till 600$.

fonzie

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Quote from: Raize on April 01, 2014, 01:18:39 PM

Even a dead cat will bounce if it falls from a great height.

+1

Raize

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Even a dead cat will bounce if it falls from a great height.

casinocoin

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CasinoCoin

Quote from: Patel on April 01, 2014, 12:54:59 PM

Q2 has officially started.

Mikcik

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well i think that if they will have some bubbles poping, they will ban bitcoin to not further damage their economy...i sold half of my bitcoins and placed orders back in 300 and 250 highs.. :-)

Patel

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Q2 has officially started.

durrrr

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i dont think the bear market and bull markets reall apply with bitcoin. bitcoin is worth whatever someone is willing to pay for 1 at any given time. sometimes 1$ sometimes 1000$

mr smith

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Maybe this buying BTC on the cheap by corrupt China is an indication that the bubble is about to pop Grin

ryanmnercer

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Quote from: marcotheminer on April 01, 2014, 11:33:50 AM

Its mostly pro-dump now, past week was china making money from us!!

I actually buy this.

China is cash-strapped right now and their housing bubble is in the process of bursting, if those in the politboro make it appear that they are going to ban it they can devalue, buy buy buy, and then never actually ban it (or ban it and still be holding a considerable amount of wealth). China has been buckling down on export of the Yuan and has been actively buying it back too.

Topic: Why is the price going up again? (1st april 2014 around 17:30) (Read 1779 times)