If I were chinese I would buy the BTC, withdraw, and then sell OTC, since there won't be any other ways for getting BTC for chinese people in the future.
Who is going to buy your BTC? It's not like they can give you a crappy rate and turn around and sell them on the exchanges, can they? We were silly to be so gung how about China in the first place. Well this is worse case scenario. And ideally we all would have loved for China to help bitcoin reach new heights. But, I put up a poll just 2 weeks ago, asking what would happen if bitcoin got banned in China. I put up that poll because it just felt wrong to have China so bullish on bitcoin. Its a communist state. China are copiers, not innovators. America is an innovator. That is what we do. So, worst case scenario bitcoin lives without China now. Long term I think this is just fine. I call bullshit on the "Chinese are copiers, American's are innovators". That's exactly what Europe said about the US ~100 years ago. Took a while, then the US became an innovator itself. Will be exactly the same with China, only faster IMO. Anyway, let's be realistic about China's influence on price, and what it all means for us: I don't buy the narrative that the entire wave up from 125 USD (bitstamp) was due to the Chinese miracle, but it was a large factor. So realistically, anything above the April's ATH of ~250 is a gift. And I don't even see us going that low quite yet (although 500 is a real option, I'd say) |
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Does anyone have a link for the latest news from China? I'm a little groggy from an all night booze up.
Supposidly Chinese government has banned payment processors from working with Bitcoin exchanges. Leading to the "ok situation" where you can buy and sell bitcoins and withdraw your cash, but you can't put more cash back into the system. (  ?) http://www.coindesk.com/china-bans-payment-companies-working-bitcoin-exchanges-sources-claim/Unfortunately, it seems to be shaping up to be true. :-( Thanks Shit, and because of the advice of you dumbasses I reserved half. Fuck! teach you to listen to us I should have known better. lol I did it too... so now we sell into this 20% drop??? F that, lets see how this plays out. Probably not advisable. Sell into the rebound, then wait for the next leg down  Until you realise you sell at the bottom and that rebound keeps going up..... Easy profit as they say? Not to be a dick, but do you really think we're done with this correction? Not today, I mean, but in the coming weeks? |
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Does anyone have a link for the latest news from China? I'm a little groggy from an all night booze up.
Supposidly Chinese government has banned payment processors from working with Bitcoin exchanges. Leading to the "ok situation" where you can buy and sell bitcoins and withdraw your cash, but you can't put more cash back into the system. ( ?) http://www.coindesk.com/china-bans-payment-companies-working-bitcoin-exchanges-sources-claim/Unfortunately, it seems to be shaping up to be true. :-( Thanks Shit, and because of the advice of you dumbasses I reserved half. Fuck! teach you to listen to us I should have known better. lol I did it too... so now we sell into this 20% drop??? F that, lets see how this plays out. Probably not advisable. Sell into the rebound, then wait for the next leg down |
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It's the truth son. I'm trying to pick a beer-fight with you, in the end we're all beerbrothers!
The difference is day and night! Your taste buds just need to find true enlightenment!
Oh boy, if I didn't know that he most certainly isn't into Bitcoin, I'd say you sound like my girlfriend's father and his ale fawning. No, wait, he's also Dutch, not a Belgian kiddie fiddler! Lol! We might have some sketchy individuals. But your beer sure helped you win two world wars, oh wait... I like you. If you weren't on the wrong side of the Dutch language area, I'd invite you over for a beer haha (Brand, to be precise. My current favorite) |
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It's the truth son. I'm trying to pick a beer-fight with you, in the end we're all beerbrothers!
The difference is day and night! Your taste buds just need to find true enlightenment!
Oh boy, if I didn't know that he most certainly isn't into Bitcoin, I'd say you sound like my girlfriend's father and his ale fawning. No, wait, he's also Dutch, not a Belgian kiddie fiddler! |
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+ But I'll sell @ rebound  Just take 10% extra profit Watch this guy people, he is perfect Spartan. He has a perfect Swiss formula to count to a second each top, bottom, dip and rebound. I wish I am a girl, Id' marry him, he is soooo perfect I don't know... you didn't have to be a genius to see this drop coming, no? |
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The real question you have to ask yourself is:
Are we going to touch the December 07 bottom again today or tomorrow? (~580 @mtgox)
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I am indeed Belgian, and as every Belgian should, I know quite a lot about beer.
I agree there are worse beers, but those I don't even take into account.
I take Heineken as entry level for everything that's beer and in that section it's rock bottom.
However:
I do enjoy beers from all over the world! The Netherlands for example has "La Trappe" for those that haven't tried it, I highly recommend it! Even in the USA you have a couple of excellent microbreweries!
Germany typically thinks they have decent beers, but 90% of what they brew over there is pure water with little to no flavor.
Nah, the Belgians only *think* their beer is that great. Know what their problem is? They don't know what a good, mellow tasting Pilsner is. All of those Trappist quadruple-malty-thick-as-molasses beers can suck my ass That's exactly what I meant when I said "Heineken is a decent"... It's a decent beer in its category. And I'm not surprised to hear the beer snobs fags go all like "Oh noez! Belgian beer = only good beer". Sure, if you like your beer the consistency and taste of raw sewage, you like Belgian. If you are, like the great nation of Germany, first and foremost a lover of greatly balanced Pilsners, you'll pass Troll-y enough? Troll-bait successful! Not only do we have the best triple, quadruple Trappist! We also have the best pils by far! Stella, Jupiler, Even Maes! > All trashy pilsners! Dude! I like Jupiler (and to a degree, Stella). But claiming Heineken is shit, while Jupiler is great is just... painful. |
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PSA: the crash of today might end soon. But the downtrend is far from over.
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Looks like things are going down fast. I just watched it dive a whole $100 in less than an hour. This should be fast and quite painful  Like I said above: better than the alternative (*slow* and painful) |
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*must not be a troll* *must not be a troll* Aaah, what the hell. Everyone else is, so why not me: Feels good to be (mostly) fiat since ~900 (bitstamp prices) |
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Sure, if you like your beer the consistency and taste of raw sewage, you like Belgian. If you are, like the great nation of Germany, first and foremost a lover of greatly balanced Pilsners, you'll pass Drinking German pils is like drinking water. In fact, that's what I thought I was drinking. Ever drank a trappist? It's what the gods drink. I agree that the trappists are too molasses-y, pils are great in the summer, as are wheats (yum!), and ipa's are always welcome (hoppy good floral yum yum). What's not to love about a great stout or even a really nice brown or red ale, here and there. I'm not as keen on the whites (Belgian Allagash etc), but they're nice too. I know (and completely agree). I was just trolling the ale crowd that seems to think *any* beer needs to be "rich in taste".... that's (IMO) beer snobbery in its worst form. Sometimes, nothing is wrong with a good, balanced Pils (and calling it watery just shows your taste buds were ruined by too much raw sewage trappist ) |
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I am indeed Belgian, and as every Belgian should, I know quite a lot about beer.
I agree there are worse beers, but those I don't even take into account.
I take Heineken as entry level for everything that's beer and in that section it's rock bottom.
However:
I do enjoy beers from all over the world! The Netherlands for example has "La Trappe" for those that haven't tried it, I highly recommend it! Even in the USA you have a couple of excellent microbreweries!
Germany typically thinks they have decent beers, but 90% of what they brew over there is pure water with little to no flavor.
Nah, the Belgians only *think* their beer is that great. Know what their problem is? They don't know what a good, mellow tasting Pilsner is. All of those Trappist quadruple-malty-thick-as-molasses beers can suck my ass That's exactly what I meant when I said "Heineken is a decent"... It's a decent beer in its category. And I'm not surprised to hear the beer snobs fags go all like "Oh noez! Belgian beer = only good beer". Sure, if you like your beer the consistency and taste of raw sewage, you like Belgian. If you are, like the great nation of Germany, first and foremost a lover of greatly balanced Pilsners, you'll pass Troll-y enough? |
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Why does everyone hate Heineken.
It's one of the worst beers in the world that barely deserves the name beer. If you have any respect for your taste buds you should limit yourself to Belgian beers and a select few from other countries. There is only ONE good beer coming from the Netherlands and thats La Trappe. I guess you're Belgian. Heineken's not bad and Heineken for bitcoins frikin awesome but if the Belgians know anything its beer  I'm Dutch. Heineken is terrible. Belgian beer is typically superior to Dutch beer (though some nice Dutch beers exist). There are quite a few nice Dutch beers, just Heineken is not one of them. I don't agree with the sentiment that there are only a few select countries that produce good beer, though it does differ, based on what you are into. The key to finding a good beer is research and trying new stuff. I've been toying with the idea of setting up an online off license for craft ales where you can pay with Bitcoin, I think it'd work well. In defense of Heineken: Those who think it's "total shit" obviously never drank a really bad beer. It's bland. Not really great. Bit watery. But far from completely shit, I would say. |
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agreed again. Unfortunatly some people have still not realized that since the double top the train is going into the other direction... watch and learn target 5800 CNY You are a pro? Good to know  ill have you know price did bounce quite hard.... the target wasn't met, but its not like i sent a buy recommendation to bitmovements I like your posts adam, but don't try to retcon what so far appeared to be your sentiment about this post-peak period. Sure, there's lots of profit to be had in times like this, not matter what the bigger movement is, but it's pretty obvious to me you firmly belong in the "Soon, very soon, we're back on track to da moon" crowd (I should be a singer/songwriter ). Now it sounds your view is changing. Am I right about that? Here's a pretty simple call, anyone feel free to join: Will 1 day VWAP or weighted close or similar reach 1000 USD again this year? Yes/No.I'm asking because I think it's okay to shout all we want in the troll box that is this thread as long as it's entertaining, but we could at least try to do something semi-informative here as well, and standing behind what you say is kind of a prerequisite for that. P.S. My answer is: most likely, no. (but extremely good news can turn things around quickly, so it's not impossible. just unlikely given the current trajectory.) |
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Can you think of further additions to his collection of fantastic improvements, dear reader?
We definetely need God on our side.. let's print some bible-quotes on the paper? Or even better: To show we *really* trust in God, let's abandon Bitcoin's reliance on strong cryptography and instead make coins spendable by choosing your favorite bible quote as your wallet password. Send: 0.05 btc to: seldon password: "the lord is my shepherd" |
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In a way, I'm glad things are picking up speed. My position has been fiat > btc for a while now, so personally I wouldn't really mind whether it's a slow slide down or a rapid correction to the final bottom, but lucif's comments really worried me, especially because part of them already came true.
To remind you, he predicted (quite early, long before we hit 1200) that this rally will resemble more 2011 than 2013. That turned out to be (mostly) true: while the total increase was less than in April (factor 20 in the Q1 rally, factor 10 since October), it was also significantly faster.
The problem is, the other defining quality of the 2011 peak & correction was the extreme reluctance with which the market went down: more than half a year before it hit the bottom. Only afterwards did the uptrend resume. Which is why I would strongly prefer a quick, sharp correction and ultimately, capitulation, over a long drawn-out one.
This is why I day trade I never bought into the delusion Bitcoin could only go up like some unicorn. Funny: Our assumptions are different but our actions are similar then. I do believe that btc will see a unicorn like ascent in the long run, hence, my goal is "land grab" i.e. maximizing my coin stash, but I'm not blind to corrections either, so I'm more than willing to believe we're going down substantially first. |
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In a way, I'm glad things are picking up speed. My position has been fiat > btc for a while now, so personally I wouldn't really mind whether it's a slow slide down or a rapid correction to the final bottom, but lucif's comments really worried me, especially because part of them already came true.
To remind you, he predicted (quite early, long before we hit 1200) that this rally will resemble more 2011 than 2013. That turned out to be (mostly) true: while the total increase was less than in April (factor 20 in the Q1 rally, factor 10 since October), it was also significantly faster.
The problem is, the other defining quality of the 2011 peak & correction was the extreme reluctance with which the market went down: more than half a year before it hit the bottom. Only afterwards did the uptrend resume. Which is why I would strongly prefer a quick, sharp correction and ultimately, capitulation, over a long drawn-out one.
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(Title shamelessly stolen. 1 satoshi if you know where it's from. Bet will be settled through paper wallet containing the above amount.) Doom and gloom everywhere! Kind of depressing, huh? So let's have a long, hearty laugh at the idiocy of others. For this purpose, allow me to present to you the inimitable William Inman, and his Five Ways to Fix Bitcoin.  As you can imagine, I enthusiastically agree with each of his points, but would perhaps like to add a few of my own: - Have the printed bills (with the faces of US presidents) delivered to the user by clown cars. They should be painted bright green to inspire confidence in the currency.
- Printing virtual bucks on paper makes them hack proof, as the author correctly states. However, the ink with which to print them needs to be hack proof as well. It is therefore recommended to only use Original HP® cartridges when printing your "virtual" "bucks" as "paper" "wallets"
Can you think of further additions to his collection of fantastic improvements, dear reader? |
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we have a steady 25~50 $ lower price every day.
I guess someone wants coins below 600.
Yes. The market Seriously though, I don't think we'll hit 600 today, and if we do, we wouldn't stay there for long, but looking a bit further ahead, I kind of can see ~600 as the resting point of this correction/bubble pop/whatever you call it. |
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