Here's the thing.   Everybody already knew, from the very start, that governments would ban Bitcoin.
It was designed to operate rebelliously, and independent governments.  That's the entire point.
This is why everyone here "circle jerked" that this was good news.  Because Its  Exactly.  What.  They've.  Been.  Expecting.
You however, have been shortsighted.
You are the guy who sees only "right now", and doesn't understand the big picture.

You're correct that its very possible the bans may adversely affect Bitcoin for periods of time.
However you completely fail to see the entire purpose of Bitcoin, which kind of blows me away.
Are you really that unaware that it was designed to be fought, tooth and nail, by governments and banks?
You act like you just thought this up last week, and therefore you should be congratulated for your vast wisdom.
Nothing has happened that is unexpected.
And the market has responded by retaining Bitcoins value at a number that was considered *unfathomably high* just four weeks ago ($720).
Of course the Chinese news is bad news from the amateur's perspective.
For those who actually understand Bitcoin, and the steps it will need to take for growth, this is nothing but an indicator that we've moved into the next phase of growth.

I will be the first to admit that if all countries banned Bitcoin commerce at once, Bitcoin very well could be rendered impotent.
However just like the internet, every day that passes, it grows bigger, and bigger.
Every day that passes, more and more companies begin to build infrastructure around it.
More and more money pours in (millions and millions per day).
The longer they wait .... the harder it will be for it to ever be stopped.
The internet could have been stopped at some point too.  Very early on.
But could any single (or even group of) countr(ies) bring down the internet today?
There are too many banks, corporations, multi-trillion dollar companies invested in it.  Relying on it.
So will be the process with Bitcoin, I believe.

I have significant confidence that governments will not move quickly enough to have any permanently destructive effect on Bitcoin in the long run.
Chinese govt moves fast because Chinese govt does whatever the fuck it wants.
US government is so bogged down in special interest and "protecting freedoms" ... and red tape ... that it will be a long ... long time before anything is done here.
And by then ... it will probably be too late.
Not to mention, they just approved our politicians to receive campaign funds in Bitcoin, so now you have government officials heavily biased in favor of it, from top to bottom.

Growing pains.  Expected.  Good news.

-Burger-

His "view" is blindness then?   The charts don't match.  

One dipped to $550 then went back up to $700 and held.  (reality)

The other one took a skydive to the very bottom.  (the hypothetical chart)

They don't match.  

So I suppose he's expressing his view which indicates he can't see whats in front of his face, and therefore deserves some snarky replies.

PS:  There's a unicorn outside my window.  If I kept telling people that, i'd end up in the loony bin.  

I didnt even make it past this post (Page 2).  But im pretty sure you got your ass handed to you on a platter after this comment.

Why are all bitcoin detractors totally wrong in their facts ... 100% of the time?

I cashed out $60,000 through coinbase three weeks ago.   

And that was on a Litecoin investment that quadrupled, (which I then sold for Bitcoin and cashed out).

Be happy to provide proof.

With all due respect (none) .... how are people so utterly simple minded?

We are at a price right now that was considered unfathomable for Bitcion ... a whopping ... 4 weeks ago.

Four weeks ago.

Unfathomable.  

On what planet .... In what universe ... does a $720 valued Bitcoin equate to "Failing" .... or "Crashing" .... or "Dead" ?

People's brains utterly confound me sometimes.

Seriously.  What IQ is necessary to work this simple thought process out in one's mind?

-Burger-

And according to this for the last 20 minutes, zero trades in China?

If you join, go up to top left corner icon > Options > Hide join/quit notifications.

LOL... my buy orders are waiting anxiously...

Im salivating at the possibilities .... yummmmmmmmmm

Why do you say "brah" every time you post?

The only time brah is acceptable is if you're making fun of people who say it cus they think its cool.  

If you say it every time you talk, you're the guy who thinks its cool.  

Im reading articles that China trading is just as active as ever.

Its just the stupid "round eyes" (like me so i can talk trash lol) panic selling right now.  Its Gox and other exchanges.

Any validity to this?   I would be utterly annoyed if the price is crashing this much and CHINESE investors aren't even the ones doing it ...

What is BTC China activity looking like?   Price?

-Burger-

Dammit!!  Just hit 800 and a shit ton of smart people bought in.

So I missed it!!!!!!!!!!!!

So now its back up to 875.

Damn all of you smart people!!!

Gentlemen, you have balls of steel.

Who here has balls of steel?

Your balls are being tested now.

Only the strong survive.



PS:  is one bigger than the other on yours like the picture?

EDIT:  PPS:   Ladies - Ovaries of Steel for all of you.   My bad.

-Burger-

Wise words!   !!!! 

Everyone, please cash out before its too late.

Seriously.   This is not for you.  

You gave it a good try.  Had high hopes.  Turns out you were wrong.  Get out while you still can.

Damn.  Was hoping another weak individual would drop off, thereby making my coins even more valuable.

All my new investor friends were freaking out yesterday.  I simply told them they need to cash out completely because this is not for them.

Tired of hearing the paranoia.

There needs to be a T shirt that says "Balls of Steel" with the Bitcoin logo next to it.  For those of us who held on ..

revans - PS:  30% crash then immediate rebound.  

revans - Bitcoin is far too powerful to fail over something as silly as the China announcement.    

revans - It must suck to always ... be wrong.  Then again, Trolls don't care about being wrong.  They say inflammatory things over, and over, just to annoy people.  Right?

If no, why not?

Obviously there are many ways to "lose" coins.  Like leaving your hard drive with 7 million dollars worth, in a Landfill.

But his comment was:  "You have to move all your Bitcoins from your paper wallet to your real wallet or the BTCs on the paper wallet get lost"

You can't lose coins this way.  

As long as he has his paper wallet and his private and public key, he isn't going to "lose" his coins if they don't get moved to a "real wallet" (whatever that means).

WE DID IT!

$7 ...... $7 ..... you can dooooooooooo it BTC...


EDIT:  LOL ... after i typed that it went from $1231 to $1231.01 ...... whos the wiseguy


EDIT 2:  How cool is this.   The current "Sell" price is 1238.82 .... someone knows they're going to kick it past Gold .... love it.