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1121  Economy / Speculation / Re: New target is 960-980 on: January 27, 2014, 09:12:09 PM
Too much moon juice is bad for your health.
1122  Economy / Speculation / Re: Confirmed Bad News Sources Thread - No FUD, Just Facts!!!1 on: January 27, 2014, 09:03:07 PM
Here is a list of countries that have been confirmed as having completely and utterly and without any qualification banned all use of bitcoin:

1.  China
2.  Russia

This has not been confirmed by multiple confirmed and verified sources, most importantly in non-English language encrypted letters and words.  Therefore, we know this is fact.  Total bans.

Clearly there is a trend developing that we can calculate.  By 2015 every country of our Earth will have banned the use of bitcoin.  That is why we know bitcoin will fail, as has been confirmed.  Truly, it is only going to get worse from here.

We have already seen the market begin its total collapse as it continues to fail to make new all time highs and crashes on a daily basis.  While I know bitcoin will fail, as has been confirmed, I still can't help but feel such despair in my heart.  It was a nice idea, but it simply cannot succeed.

If you don't sell all your bitcoins now, you will be gloriously sad, as many of us have confirmed.  Confirm if you agree!

CONFIRMED!!1
1123  Economy / Speculation / Re: Bearish week, take care!! on: January 27, 2014, 06:44:59 PM
Yeah, because holding Bitcoin has been a terrible way to "make money" the last three years. LOL.

I'm sure at some point things will change and one day people will pay you to take their bitcoins, but until then...

Riding the market is for bulltards. Beating the market by switching between hodling and shotrs is superior.
1124  Economy / Speculation / Re: Bearish week, take care!! on: January 27, 2014, 06:37:40 PM
A Bitcoin forum filled with people exciting about Bitcoin.

You don't say?

Speculation forum should be filled with people who trade wisely and make money.. not 95% bulltards who only hodl all the time.
1125  Economy / Speculation / Re: Bearish week, take care!! on: January 27, 2014, 06:32:39 PM
This forum is filled with bulltards. It's hard for them to face reality.
1126  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 27, 2014, 05:39:01 PM
765 violated!  Grin
1127  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 27, 2014, 05:35:58 PM
My shotr is going to the moon  Grin
1128  Economy / Speculation / Re: 6000 BTC DUMPED ON STAMP! on: January 27, 2014, 05:31:32 PM
Bless Karhu!
1129  Economy / Speculation / Re: The age of KARHU begins....seek ye refuge in alms to the KARHU! on: January 27, 2014, 05:30:08 PM
The mighty Karhu strikes again.
1130  Economy / Speculation / Re: Russia central bank bans Bitcoin on: January 27, 2014, 05:21:51 PM
Oligarchs didn't become Oligarchs by listening to the government.

In mother Russia, they are the government.
1131  Economy / Speculation / Re: Charlie Shrem, the Vice Chairman of Bitcoin Foundation Arrested on: January 27, 2014, 05:19:19 PM
Mark Karpeles is next.

That pig needs to be put in jail as well.
1132  Economy / Speculation / Re: Russia central bank bans Bitcoin on: January 27, 2014, 05:15:31 PM
Another one of those warnings? How many times can they issue a warning before people start completely ignoring them?

Private bitcoiners ignore them, but institutional investors listen and follow.. especially when it is from their local jurisdiction.

There goes all the rusky oligarch money.
1133  Economy / Speculation / Re: Russia central bank bans Bitcoin on: January 27, 2014, 05:05:20 PM
All these banana republics like Russia and China are ruining all the fun.

Bitcoin should have staid mainly a Western thing.
1134  Economy / Speculation / Re: Russia central bank bans Bitcoin on: January 27, 2014, 04:18:41 PM
BTC-e is not really Russian right? But Bulgarian.
1135  Economy / Speculation / Re: Today BTC = $800, $9200 to go and why 10 BTC will never make you rich on: January 27, 2014, 03:59:55 PM
lol dogecoin

Yeah, Doge is the Zimbabwean dollar of cryptos.

But apparently this has positive affects on trade volumes.
1136  Economy / Speculation / Re: Today BTC = $800, $9200 to go and why 10 BTC will never make you rich on: January 27, 2014, 03:55:15 PM
That's hardly a buzz, and even if it was, "oh there's only 21 billion" would also be a buzz

millions sounds rare and exclusive hence why it incentives people to hoard so much.. billions or trillions on the other hand start to sound more Zimbabwean.
1137  Economy / Speculation / Re: Today BTC = $800, $9200 to go and why 10 BTC will never make you rich on: January 27, 2014, 03:49:06 PM
This is just psychological. Think of it this way. 1 BTC was arbitrarily set to equal 100,000,000 satoshis which currently is about US$ 800. What if tomorrow, a change is done to the core and the decimal point shifts 3 places so that the "new bitcoin" is 0.001 of the "old bitcoin" or US$ 0.800? So the new bitcoin would just need to reach US$ 300 per coin, instead of US$ 300,000 per coin of the old Bitcoin. Would that 1BTC = US$ 300 sound delusional to you now?

If decimals get shifted it loses its ''oh there's only 21 million'' buzz.
1138  Economy / Speculation / Re: Today BTC = $800, $9200 to go and why 10 BTC will never make you rich on: January 27, 2014, 02:16:44 PM
The smell of cult is strong in this one.



''Only true believers shall profit, hodl!!''

Some of you hodlers make bitcoin look like a ponzi scheme. Tone it down.
1139  Economy / Speculation / Re: Huobi's volume is 2 times more as the other 16 exchanges combined! on: January 27, 2014, 12:31:45 PM
Let's not forget that China has a loads of miners with hoarded coins. When they realize there is no future with them and they waisted their time, they will dump on Western exchanges.

Hodl your shotrs.
1140  Economy / Speculation / Re: January 31th, a few facts on: January 27, 2014, 12:25:06 PM
This topic is nonsense.. here's a far clearer/less biased explanation from reddit on Jan 31st:

''Since there are more and more threads surfacing telling everyone that January 31 does not matter, here a little dose of reality to cool all the euphoria(credit to /u/Posiment[1]):

Financial and payment institutions:

use Bitcoin pricing for products or services

may not buy or sell Bitcoins

may not act as a central counterparty in Bitcoin trading

may not offer insurance products associated with Bitcoin

may not provide direct or indirect Bitcoin-related services to customers, including: registering, trading, settling, clearing or other services

Original Source

Translation on BTCChina

This is old news. Everybody knows it, but most people choose to ignore it, thats why I am saying it again, aimed especially at Huobis practice of running their exchange:

Banks may not provide [...] indirect Bitcoin-related services to customers[...]

You all read the horror stories of American customers of financial institutions that simply did not process their orders or even suspended their accounts due to bitcoin trading. Chinese banks can do that too.

This is also the reason why Malcolm Casselle, former Regional Manager Eastern China at Gaopeng Groupon Tencent China, pointed out that

you’re not allowed to deposit money into your Bank account for Bitcoin.

which is his opinion.[2]^

I dont want to speculate what will happen and at which date, but this is something that does not get the attention it should get. Even if January 31 passes without a shutdown of Huobi it doesnt mean that the situation will be any different than it is now. The Chinese government can accept this practice or choose to shut it down. As long as it doesnt officially endorse it, which is highly unlikely at this point, we are holding a hand grenade and hope they dont pull the pin.

My personal opinion:

Bitcoin could very well go for the $1200 mark again in the near future, considering all the recent positive news. It could again pass a point that made the Chinese government intervene before. This time they wont need to pass legislation or set a deadline. Providing direct or indirect bitcoin related services is prohibited. They would shut down Huobi in an instant.

Again, its not that what Huobi is doing might be legal, it is that banks and payment processors are not allowed to let Huobi use their services to do that.''

http://www.reddit.com/r/BitcoinMarkets/comments/1w9j93/in_light_of_the_china_deadline_coming_up_here_is/
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