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The implicit theory behind all this ban/unban question is that the recent (2013) upswing of Bitcoin took China by surprise and now they are forced to take measures. I call it bullshits: China is a big worldwide economy, with a lot of capable economic managers, you can bet that nothing happens by chance and take them by surprise, as a government they can't simply be that dumb else they won't be where they actually are. I think that China wants bitcoins badly and they know how much the world is sensible to their moves and they play their cards accordingly, they don't take official positions but they let some "unconfirmed note" slip sometime (which they also quickly dismiss) and close some minor exchange (which, mind you, could be very well proprierty of the same "gray eminence" which will benefit elsewhere from the panic issued). My guess is that every time a manipulation attempt will not work the way they meant it to go we will experience some new panic-inducing "news" from China. Therefore i think there will be no ban at all. Just my 2 cents
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Nice post windjc. Still you forgot one key word: Propaganda, which was born from a military regime, is so effective that it's seldom needed to resort to brute force
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I dont get it.
did someone figure out what is that picture cosmofly posted is about ![Huh](https://bitcointalk.org/Smileys/default/huh.gif) According to the movie it means "when China enter the markets get ready for a prostate exam"
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Despite being a holder i decided to trade ltc/btc on last days bubble, i managed to bail out with a very very small haircut and some new pants to buy. Not quite a pleasant experience as price was dropping quickly and everything lagging as hell. I was really lucky that price made a flash bump up to cover my sell order which was already left behind.
Never again. Hodl!
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Nice work, you should put the timezone for reference ![Wink](https://bitcointalk.org/Smileys/default/wink.gif)
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I decided I would take one for the team and sell some BTC, this usually triggers an upswing immediately afterward. You're welcome! ![Cry](https://bitcointalk.org/Smileys/default/cry.gif) yep it worked, made me smile but i'm sorry for your (hope small) loss, unless you were just joking ![Tongue](https://bitcointalk.org/Smileys/default/tongue.gif)
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Mi dispiace davvero per la tua perdita. La rom del telefonino era originale o un mod tipo cyanogen? Puoi dirci marca e modello del telefono? A volte i costruttori, in buona fede, apportano modifiche a kernel ed applicativi e nel farlo introducono potenziali buchi di sicurezza, avere certe informazioni potrebbe esser utile se non altro a chi ha lo stesso modello
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Tera i'd wish to buy you a beer your posts have always so much wisdom within
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I see your point Peter, still i don't think there will be an auction. Either way i wish good luck to everyone who got assets there, some decided to took the risk but many others just happened to be imprisoned there, it sucks and i feel for those.
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If they're solvent you want 100% BTC, if they're not then it doesn't really matter which one you have. All in is the way to go
No, if you go "all in" even a "small" crash from 130 to 100 would impact you the same going from 600 to 461, smaller candles but same effect once liquidated. If you think Gox is insolvent holding fiat is the only smart move. If you hold 10 BTC then you hold 10 BTC. The price movements on Gox are irrelevant, no? In the (what I think is unlikely) event the MtGox is insolvent, then I expect the BTC to be liquidated at auction and for you to receive x% of the liquidation value. Fiat holder would receive x% of their fiat holdings. According to my line of reasoning, if you expect the liquidation price of the Gox BTC in the event of bankruptcy to be greater than $110, then you should go "all in." 10GOXBTC != 10BTC, if you think otherwise it means you believe Gox is solvent (which is fine to me). If Gox is insolvent i don't understand how they will auction GOXBTC's as they are a separate thing from btc network. But fiat still will be fiat (regulated by law in japan).
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If they're solvent you want 100% BTC, if they're not then it doesn't really matter which one you have. All in is the way to go
No, if you go "all in" even a "small" crash from 130 to 100 would impact you the same going from 600 to 461, smaller candles but same effect once liquidated. If you think Gox is insolvent holding fiat is the only smart move.
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Being that in Japan only fiat is regulated should they decide to forcefully liquidate all their customers into fiat (at their current ridicoulos exchange rate) there will be also no room for lawsuits against them.
well, if this is true, they can EASILY just build a fake sell storm on their platform, as they dont even need to have the BTC to sell, just sell millions of non existent BTC, drive the price down to $1, pay everyone back at $1 = 1 BTC rate, and get away no issues from the law at all typical bitcoin scam as always. Yes, but they probably have a lot of big fiat holders, a progressive crash would be more effective luring them into buying cheap coins whereas an instant crash to 1$ would be ineffective and also easily spotted leaving gox with much more fiat to give back. Also note i'm pretty new and probably wrong.
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Being that in Japan only fiat is regulated should they decide to forcefully liquidate all their customers into fiat (at their current ridicoulos exchange rate) there will be also no room for lawsuits against them.
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First a greeting to Jorge from Venezia ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) Then a question: actually moving money around has a high cost and friction due to fees applied by banks and entities like paypal and so. How do you explain this in relation to the basic physic you named? Could it be that we already have been made poor (thus engaged in a worldwide ponzi scheme driven by inflation) and bitcoin, being technologically superior, is giving us back a part of what has been taken (if not stolen)? p.s. apologies for the bad grammar! Good question. Imagine the "money circle" game, except you are handing around those $50 bills in a circle of friends in 10 different countries. Using fiat and paying exorbitant fees this game would obviously not last long. Next, imagine that there was some magical, mystical way that you could track the money as it floats from friend to friend and that as soon as one person tries to "pocket" the cash all the other participants would know instantly that the money did not go where it should have because they were all auditing everyone else's transactions in real time... Agreed 100%, if that's the case the wealth influx needed to fuel bitcoin full growth has been already been payed by everyone using the current bank system in all those past years. Then, whilst it is true that the " bitcoin takeoff" has been quite similiar of a ponzi scheme, once it becomes an official exchanged currency it will find his natural habitat and will get his value from other currencies (aka from the past).
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First a greeting to Jorge from Venezia ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) Then a question: actually moving money around has a high cost and friction due to fees applied by banks and entities like paypal and so. How do you explain this in relation to the basic physic you named? Could it be that we already have been made poor (thus engaged in a worldwide ponzi scheme driven by inflation) and bitcoin, being technologically superior, is giving us back a part of what has been taken (if not stolen)? p.s. apologies for the bad grammar!
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Once withdrawn from Gox there should be no need to dump elsewhere as you already profited from the low buy price, still i guess the fear of others blind dumping may spark a race and bring down the price. Am i missing something?
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Just a noob theory: say one wants to buy as many bitcoins as possible and he already have enough to trigger the stoploss/leverage chain reaction we saw yesterday, he just need to place some very low bids to buy back what he spent to start the process and then waits for some days as everyone sells to obtain fiat to place in low bids, hoping the crash will happen again. Then, when there's enough bitcoins available in the market he scoop them all, price go up, he wins.
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Yes please, tell us more! That was crazy accurate
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Thanks xyzxyzxyz, it makes sense to me (being the noob i am)
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