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Topic: Why next pump might be completely different - page 3. (Read 3258 times)

hero member
Activity: 728
Merit: 500
EtherSphere - Social Games
As of jan 1st 2016 it became legal for the banks to raid private accounts in euro countries. Forget china, the entire western world is about to collapse.
First I have heard of this. Might aid in bitcoins growth as more will put their confidence into to it further while turning away from the banks that are holding their current currency for ransom.
hero member
Activity: 840
Merit: 1000
What happen in Cyprus?

The 'Bail-ins'.

A 'fundamental event' indeed......which powered the MtGox 'Willy Bot' manipulated April 2013 ramp with the necesarry emotional fuel, if not actually physically driving it via Cypriots fleeing into Bitcoin to escape the bail-ins.....after all, how the fuck they going to buy Bitcoins, on a Bitcoin exchange, with their Fiat, if their government just declared a 'bank holiday'?


As of jan 1st 2016 it became legal for the banks to raid private accounts in euro countries. Forget china, the entire western world is about to collapse.

If that is the case, then your Bitcoin investments will truly turn to dust, except perhaps for a brief moment somewhere between the flash, and the bang.

legendary
Activity: 2268
Merit: 1278
China is where 99% of the mining goes on. So if china goes down bitcoin may well collapse.  Huh
I dont think they have 99% mining power, can you provide a link where it is stated ?  Huh
People love to exaggerate.
legendary
Activity: 994
Merit: 1000
January 06, 2016, 10:42:26 PM
#9
China is where 99% of the mining goes on. So if china goes down bitcoin may well collapse.  Huh
I dont think they have 99% mining power, can you provide a link where it is stated ?  Huh
legendary
Activity: 2268
Merit: 1278
January 06, 2016, 10:41:55 PM
#8
As of jan 1st 2016 it became legal for the banks to raid private accounts in euro countries. Forget china, the entire western world is about to collapse.
legendary
Activity: 1232
Merit: 1091
January 06, 2016, 10:39:01 PM
#7
We are in a completely different time period right now. Bitcoin has matured and isn't very news responsive anymore. I am sure some old fashion investors will switch to Bitcoin, but that will happen anyway as they see Bitcoin has a lot room for growth.
legendary
Activity: 1639
Merit: 1006
January 06, 2016, 10:26:57 PM
#6
China is where 99% of the mining goes on. So if china goes down bitcoin may well collapse.  Huh

shutting down those miners would be the best thing that happened.....

Just don't ban bitcoin please
legendary
Activity: 1639
Merit: 1006
full member
Activity: 481
Merit: 102
January 06, 2016, 10:19:31 PM
#4
China is where 99% of the mining goes on. So if china goes down bitcoin may well collapse.  Huh
member
Activity: 97
Merit: 10
January 06, 2016, 10:19:01 PM
#3
What happen in Cyprus?
hero member
Activity: 644
Merit: 504
Bitcoin replaces central, not commercial, banks
January 06, 2016, 10:16:30 PM
#2
If China plummets it's bringing everything else with it.

So yes, hold on to your seats.
legendary
Activity: 1639
Merit: 1006
January 06, 2016, 10:13:48 PM
#1
So far the largest financial crisis to impact Bitcoin has been Cyprus. What a tiny tiny tiny tiny little country.

What happens when China plummets...........
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