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Title: How low will she go? Post by: thegolden24 on December 16, 2013, 08:22:00 PM With the recent news from BTC China how will this negatively effect 1. The price of btc overall 2. The trading volume 3. The acceptance of btc around the globe?
http://www.coindesk.com/china-bans-payment-companies-working-bitcoin-exchanges-sources-claim/ Title: Re: How low will she go? Post by: devthedev on December 16, 2013, 09:26:00 PM It wouldn't surprise me if it was FUD.
Title: Re: How low will she go? Post by: thegolden24 on December 16, 2013, 09:47:05 PM Wouldn't surprise me either but with China's dominance in the market in the past month and the hope it instilled in Bitcoin believers and investors I think this will be a sizable setback in the progression and acceptance of Bitcoin.
Title: Re: How low will she go? Post by: Qbeczeq on December 16, 2013, 09:53:50 PM We cannot speculate exatcly what lowest price it will have. I hope that fluctuations will be not high so often as right now. Now is crysis, but we need to have nerves of steel and wait for back graph higher :P
Title: Re: How low will she go? Post by: samsam on December 17, 2013, 01:53:44 AM IMHO, BTC will fall to $600 and stabilize around $650.
Title: Re: How low will she go? Post by: Sindelar1938 on December 17, 2013, 05:21:58 AM Right now, btc looks like could touch $500-550
Hope I am just being knee jerk Title: Re: How low will she go? Post by: pand70 on December 17, 2013, 05:55:24 AM If the news are true then chinese exchanges will eventually close and the price will crash to pre china levels. Just imagine the headlines if that happens ::)
Title: Re: How low will she go? Post by: seleme on December 17, 2013, 06:02:41 AM If the news are true then chinese exchanges will eventually close and the price will crash to pre china levels. Just imagine the headlines if that happens ::) Yeah, those headlines in April were devastating for Bitcoin future too ;D Title: Re: How low will she go? Post by: pand70 on December 17, 2013, 07:27:39 AM If the news are true then chinese exchanges will eventually close and the price will crash to pre china levels. Just imagine the headlines if that happens ::) Yeah, those headlines in April were devastating for Bitcoin future too ;D The headlines in april were the very first healines in bitcoin's history. Noone had invested money back then anyway. Title: Re: How low will she go? Post by: NUFCrichard on December 17, 2013, 07:34:32 AM Wouldn't surprise me either but with China's dominance in the market in the past month and the hope it instilled in Bitcoin believers and investors I think this will be a sizable setback in the progression and acceptance of Bitcoin. It is weird that they have harped on about getting over the $ dominance, but as soon as they see a tool to do that, they start banning it (ironically before the USA does.) Title: Re: How low will she go? Post by: Lloydie on December 17, 2013, 07:42:34 AM Wouldn't surprise me either but with China's dominance in the market in the past month and the hope it instilled in Bitcoin believers and investors I think this will be a sizable setback in the progression and acceptance of Bitcoin. It is weird that they have harped on about getting over the $ dominance, but as soon as they see a tool to do that, they start banning it (ironically before the USA does.) China does not appear to have banned BTCs. They have banned payment processors, AFAIK. It also appears that BTC China's own bank accounts are still open. IMHO, China is worried about funds outflow to the ROW via Btcs, possibly damaging the Chinese economy. Can China ban people from directly buying Btcs from BTC China next? Maybe. That is the unknown and also I don't know how the market would respond. For example, will Btc go underground in China? Title: Re: How low will she go? Post by: bitcon on December 17, 2013, 07:43:16 AM there's a reason Chinese make 10 cents an hour. they're scared of their government.
Title: Re: How low will she go? Post by: seleme on December 17, 2013, 07:59:21 AM If the news are true then chinese exchanges will eventually close and the price will crash to pre china levels. Just imagine the headlines if that happens ::) Yeah, those headlines in April were devastating for Bitcoin future too ;D The headlines in april were the very first healines in bitcoin's history. Noone had invested money back then anyway. Really? http://www.forbes.com/sites/timworstall/2011/06/20/so-thats-the-end-of-bitcoin-then/ http://www.wired.com/magazine/2011/11/mf_bitcoin/ http://www.dgcmagazine.com/the-old-radical-how-bitcoin-is-being-destroyed/ Title: Re: How low will she go? Post by: piramida on December 17, 2013, 08:39:55 AM If the news are true then chinese exchanges will eventually close and the price will crash to pre china levels. Just imagine the headlines if that happens ::) Yeah, those headlines in April were devastating for Bitcoin future too ;D The headlines in april were the very first healines in bitcoin's history. Noone had invested money back then anyway. Really? http://www.forbes.com/sites/timworstall/2011/06/20/so-thats-the-end-of-bitcoin-then/ http://www.wired.com/magazine/2011/11/mf_bitcoin/ http://www.dgcmagazine.com/the-old-radical-how-bitcoin-is-being-destroyed/ You are convincing a troll you know :) Trolls have no brain, they can't be convinced. As a rule of thumb, you can easily click ignore on anyone promoting Dice in their sig - that's what I do, and I have not really missed one post of substance so far. Think about it. Title: Re: How low will she go? Post by: seleme on December 17, 2013, 08:58:28 AM Hehe, might be a good one but there're still people who got carried away by trolls so it's good to cancel their shit :D
Title: Re: How low will she go? Post by: film2240 on December 17, 2013, 02:32:29 PM I hope £17 per BTC like at the start of the year before sudden rise so I can buy 20 BTC at that price. (£17 * 20BTC =£340 worth) or even lower than that :)
Title: Re: How low will she go? Post by: T.Stuart on December 17, 2013, 02:35:15 PM I hope £17 per BTC like at the start of the year before sudden rise so I can buy 20 BTC at that price. (£17 * 20BTC =£340 worth) or even lower than that :) "The truth, not what you want". I've got that written on a post-it note on my desk to stop me thinking stupid things about Bitcoin prices. Sad eh? ;DTitle: Re: How low will she go? Post by: BitchicksHusband on December 17, 2013, 03:10:10 PM I hope £17 per BTC like at the start of the year before sudden rise so I can buy 20 BTC at that price. (£17 * 20BTC =£340 worth) or even lower than that :) Dude, if it's that low BITCOIN IS DEAD. You'll be the only one buying and the price will only go down from there. |