pfff, i was promised (trump)MOON
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This move is based on US news and is 60% a USD move rather than a BTC move. Every forex pair moved 3% or more. It not time for ATH and trains yet.
bitcoin up almost 3% vs €, but € up vs $ also.
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^^ afd fanboy alert.
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Eventually this will suppress the price -but if people realize that this is their last occasion to buy bitcoins before the gov closed the exchanges - then this can result in a mega pump.
from china? if i were in that situation i'd be having a mega dump and walking away somewhere around right about now if something like this was a dead cert. we've yet to see how a vibrant ish bitcoin scene would weather some type of government strangulation, and forget trying to block the protocol, all you gotta do to deter 99% of people is shut the exchanges, but i don't think many people are gonna stick around for a money that has no use to them. You are missing the point that the Chinese want to move funds out of China - bitcoin is one avenue to work around the $50K annually limit. If it becomes obvious that this avenue is being to be closed - then people will flock to move their funds as quickly as possible. how does one move funds "out of china" via bitcoin? chinese government wants your yuan to stay in china. it is called capital controls. if one buys bitcoin in china @ a chinese exchange the yuan do not leave china. the exchange has it now. it does not matter if you buy a ton of gold and bury it in your garden or if you buy a ton of bitcoin and bury them in the interwebs - no yuan is leaving the country. you misunderstand how their capitalcontrols are intended to work. they dont just want to hinder that yuan is leaving the country, they want to hinder the EXCHANGE of yuan to other currencies as it undermines their control of the exchange rate. they want to rule over the exchange rate between yuan/usd which is only possible if you forbid everyone to exchange apart from places where they are exactly determine the price. so bitcoin does undermine this, albeit to a very very minor extent cause its peanuts compared to the overall capital flows. are you suggesting that bitcoin purchases could possibly have a measurable effect on the value of yuan? a currency used by more than a billion people? nope, and thats why the chinese government is not very keen about banning btc. until now there is simply no necessity. the chin gov is keen about the exchange rate between yuan/usd thats all. edit: like i said albeit to a very very minor extent let´s just imagine what even the smallest effect on yuan/usd would mean for the price of btc...
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Eventually this will suppress the price -but if people realize that this is their last occasion to buy bitcoins before the gov closed the exchanges - then this can result in a mega pump.
from china? if i were in that situation i'd be having a mega dump and walking away somewhere around right about now if something like this was a dead cert. we've yet to see how a vibrant ish bitcoin scene would weather some type of government strangulation, and forget trying to block the protocol, all you gotta do to deter 99% of people is shut the exchanges, but i don't think many people are gonna stick around for a money that has no use to them. You are missing the point that the Chinese want to move funds out of China - bitcoin is one avenue to work around the $50K annually limit. If it becomes obvious that this avenue is being to be closed - then people will flock to move their funds as quickly as possible. how does one move funds "out of china" via bitcoin? chinese government wants your yuan to stay in china. it is called capital controls. if one buys bitcoin in china @ a chinese exchange the yuan do not leave china. the exchange has it now. it does not matter if you buy a ton of gold and bury it in your garden or if you buy a ton of bitcoin and bury them in the interwebs - no yuan is leaving the country. you misunderstand how their capitalcontrols are intended to work. they dont just want to hinder that yuan is leaving the country, they want to hinder the EXCHANGE of yuan to other currencies as it undermines their control of the exchange rate. they want to rule over the exchange rate between yuan/usd which is only possible if you forbid everyone to exchange apart from places where they are exactly determine the price. so bitcoin does undermine this, albeit to a very very minor extent cause its peanuts compared to the overall capital flows. are you suggesting that bitcoin purchases could possibly have a measurable effect on the value of yuan? a currency used by more than a billion people?
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Eventually this will suppress the price -but if people realize that this is their last occasion to buy bitcoins before the gov closed the exchanges - then this can result in a mega pump.
from china? if i were in that situation i'd be having a mega dump and walking away somewhere around right about now if something like this was a dead cert. we've yet to see how a vibrant ish bitcoin scene would weather some type of government strangulation, and forget trying to block the protocol, all you gotta do to deter 99% of people is shut the exchanges, but i don't think many people are gonna stick around for a money that has no use to them. You are missing the point that the Chinese want to move funds out of China - bitcoin is one avenue to work around the $50K annually limit. If it becomes obvious that this avenue is being to be closed - then people will flock to move their funds as quickly as possible. how does one move funds "out of china" via bitcoin? chinese government wants your yuan to stay in china. it is called capital controls. if one buys bitcoin in china @ a chinese exchange the yuan do not leave china. the exchange has it now. it does not matter if you buy a ton of gold and bury it in your garden or if you buy a ton of bitcoin and bury them in the interwebs - no yuan is leaving the country.
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wenn ein land kapitalverkehrskontrollen hat möchte es verhindern, dass die eigene währung oder auch devisen ausser landes gebracht wird/werden. stellen wir uns mal vor wir versuchen das in china via bitcoin:
1) wir haben yuan 2) wir kaufen bitcoin an einer chinesischen börse. = unsere yuan bleiben in china 3) wir versuchen bitcoin an einer ausländischen Börse zu kaufen. aber: kapitalverkehrskontrollen. 4) wir kaufen bitcoin otc. = unsere yuan bleiben in china.
wie hat bitcoin jetzt geholfen kapital aus china herauszubringen?
imho "china bans bitcoin for capital control" völliger unsinn.
irgendwo auf reddit aufgeschnappt.
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Yes, Bitfinex is the worst. Who sold at the bottom? in the good old days bitcointalk would have been down now. fudsters are not of same quality ourdays. except for bitfinex. those guys are still doing "their best"
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bitfinex?
Flatline. Wahrscheinlich schon wieder gehackt. FUUUUUD!!!!1 maintenance. bonuspunkte für timing!
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According to MasterLuc this is where we stop and bleed off to approx 580 in early January. He's been right so many times, if Bitcoin does this Ill be blown away. so it seems he's right again. We topped at 744 as the img above indicate. The estimate precision on both axis (time and value) is indeed mind blowing. Current correction is not sizable enough: according to posted graph, we'd have first to go down to ~650 now pretty promptly, then slowly back up to 700 somewhere mid-December and after that "bleed to 580 in Jan". Maybe we shouldn't attribute too much precision to those lines. But who knows. Materluc has been astonishingly correct many times in the past, so I wouldn't be surprised if it played out exactly like that. lol, it is 683 now... edit: 680
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Current bitcoin holders turning into the new wealthy elite?
Yep. And if half of the Swissies (5Mio) buy some bitcoin instead or in addition to their train ticket by accident, they will stay richest on earth by accident and might say thank you SBB! nice idea for a hack. (just a joke!) next run up the swiss will have access. and they are not the poorest.
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Blimey! Any idea who was behind, making this happen? sweepay.ch worth noting that there are currently around 800 btc atm worldwide. with this stunt the sbb adds another 1000 vending machines, that spit out btc.
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es sind über 1000 automaten. http://www.watson.ch/Schweiz/Wirtschaft/743911400-Die-SBB-werden-zum-Bitcoin-Dealerlaut https://coinatmradar.com/ existieren momentan weltweit 827 btc atm. d.h. mit einem schlag wird die sbb die anzahl aller btc atm mehr als verdoppeln. bei mir im laden kann man seit 2013 mit btc bezahlen. da passiert nicht viel, weil die leute keine btc besitzen. die, die interesse bekunden, wollen immer wissen, wie man btc erwerben kann. dann fang ich immer an von bitstamp & co an zu erzählen, aber das ist nicht wirklich "easy". localbitcoins ist ja nicht mehr erlaubt. imho sind 1000 automaten flächendeckend im ganzen land verteilt und ausserdem von einer wirklich seriösen firma eine ziemlich große sache.
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how many people does this reach? is it big?
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das ist für mich die nachricht des monats! wieviele automaten betreibt die sbb? das müssen doch viele hunderte sein? ist das wirklich wahr? 33 000 mitarbeiter, um 8 milliarden € umsatz p.a. und verkaufen bald btc an allen automaten. wow. bullisch. https://www.sbb.ch/en/station-services/services/further-services/bitcoin.htmlstellt euch mal vor man könnte an jedem DB automaten btc kaufen.
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