let me jankily translate this for everyone, via google old google: The domestic exchange between all the virtual currency and the renminbi, represented by Bitcoin, and Etherman Square, will be closed in full time limit; however, the regulation is not against the virtual currency itself, nor does it prohibit the one-on-one OTC transaction of the virtual currency.
The supervisory authority has decided to close the exchange of virtual currency in China , which involves all virtual currency and denominations represented by "OKcoin", "coins" and "Bitcoin China" Of the exchange, the new financial reporter from the Internet financial risk special rectification work leading group (hereinafter referred to as the leading group) who confirmed the news, and understand that the resolution has been deployed to the local.
September 8, the third-party trading platform to pay the announcement, announced on September 5 and September 8, the spirit of Beijing Financial Work Conference and requirements, since the beginning of 17:30 to suspend all currency transactions.
This is following the September 4 People's Bank of seven ministries and commissions joint announcement (hereinafter referred to as the announcement) after further supervision action. The announcement will mark ICO (Initial Coin Offering) as "illegal financial activities" and order the ICO to be banned on the date of publication of the announcement. All ICO tokens trading platforms need to be cleared to close the transaction. so, is this actually true, essentially that the regulated (government sanctioned exchange is shuttered for the moment, but p2p/otc trades should be fine? also, there like has to be like one more source on this besides these dudes, can anyone with the language skills provide us this link please? im still thinking this is so much fud; but if this is true, this is going to have a horrible short term impact of cryptos in general (and an even bigger longterm impact, although I think that will be positive, post regulation. the adoption will be even higher once they are allowed to rejoin the markets) |
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it is an ordinary thing for bitcoin to dump and pump dip then rise ..
i think one of the main reason now is that china thing shutdown the BTc in their country and holding those account with bitcoin .. many investors are push to give back the money back tooo ...
but its ok as many country now is backing up the bitcoin ... you will see the hype sooner or later ... ill bet on bitcoin to have 6000usd per btc before the month ends ... so wake me up when september ends i think .. i already invested on btc ...
curb this enthusiasm. until this clears up definitely. if china really is out of the market, the price is going way more south than ths. if this is a rumor, then yes, we may regain 5k, but it will be a more cautious uptrend, hopefully, essentially more organic growth then what we just saw. I see it trying to deadcat a little bit, we are in the first bounce last time i checked. this keeps up, the next bounce will put us under 4k. lets hope someone with authority clears this up before people continue to go full retard. edit: we are just now entering the second bounce. im holding nubits, so, interested to see where this settles out. nubits tend to uptrend disproportionately when bitcoin downtrends |
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If you want to open a gambling site, you must have a license and pay taxes to the local authorities,otherwise you may be arrested
Could you explain in witch country is bitcoin / altcoin license required for run gambling website? are you sure that an altcoin gambling website need license? how to i pay tax, in altcoin? if plaing is anonymous how do governament knows where coming from the players? In all countries of the world where gambling is legal , this activity is regulated by authorities to avoid money laundering... yes. at the least, you would be subject to the regulations of the land regarding gambling, which vary but pretty much all require some basic form of aml/kyc. at the most, you would be subject to the individual countries' laws governing the citizens that you serve (as we saw recently with us participation in icos). its too easy to spoof your location online; it would be more prudent to ascribe to the laws were the company is incorporated, or at least where the main office/physical plant resides. |
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it doesn't matter, bitcoin is decentralized
I don't even think the news is accurate. No one can confirm the story. I reached out to a Chinese friend on WeChat and he said this is classic FUD; he's trading on OKCoin as we speak. This is just like the "China bans Bitcoin" episodes of 2013/2014. This time around, the Chinese exchanges have less influence on the market. same here, i cant get a definite read on this actually being real news yet. i heard the exchanges were still trading as well, im hoping this is just fud and not an additional complication. if china is truly out of the market for the time being, you have to figure the price would be waaay lower than this by now. but, if the exchanges really are shuttered, i can understand (still actually, nah, people would be holding bitcoin on personal wallets, would dump, and we wouldnt see folks rebuying so aggressively) if this isnt true, people are going to be soooo pissed at viaBtc  |
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I have to say, I am also beginning to be fed up with the Chinese idiots. Having them gone from cryptos would be a major blessing. Whenever there is finally a fucking upward trend, its just ruined by some artificial random drama, so everybody goes into retard mode and panic sells again so they can buy low. I thought this should be cleared up after that idiotic bitcoin fork drama, but it seems they always find some new ways to fuck up the crypto-economy, EVEN THOUGH THERE IS ABSOLUTELY NO FUCKING REASON FOR IT. NOTHING WILL CHANGE. BITCOIN WILL NOT CHANGE. It's just freezing up your stuff because you have to bag-hold again for another month or sell with losses. This is just one of the reasons why it is not reaching the average people, because of this artificially-induced volatility. No conservative investor is interested in this shit, no matter the potential. Having this issue solved would actually be a huge upward trend for crypto-currencies and would inspire trust and confidence instead of boring FUD, which seems to happen every 1-2 weeks now for no reason.
well, to be fair its not just China; these weak ass orderbooks and general low liquidity (im talking for larger positions) contribute a lot. there really isnt any place for panic whales to crash, and when they do, the whole market sees it. this is more the result of straight up manipulation (i think whales are exaggerating the news). the markets simply arent capitalized enough to not be subject to being manipulated. you are exactly right this is why no one (institutional investors) take bitcoin seriously. the volatility makes this always a risky bet, and the lack of price basis means when it does crash, there is nothing to predict how low it will go, and what conditions will be needed for the market to recover. maybe regulation isnt a bad thing. but if we hadnt ran the price up to these fuck all levels, we wouldnt be at this point yet. the price outgrew the technology. |
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Of course yes. We can make money from forex. Forex is some how the same as trading and without some basic knowledge in this field, you can make money with it. Although there is always risk in trading, people still want to do it because they can easily become rich if their vision is right and their prediction is correct
Yeah, you can make money in forex. you just, already need to have money to do so  the volatility in forex is nothing like bitcoin. a percent movement, without some amazing shit happening, is actually news. people freaked the fuck out when the peso dropped like it did right after the US elections; it was a killing field for those that were able to buy into the bottom. anywho, since the movements are typically so small, you need a really large position, like, 100ks if not millis, or you would have to use extreme leverage. even if you did leverage your ass of, you would still need a decent sized position to make even middling profits. its the same for gold and silver, most of the time. and its all based off of the world news. you will literally need to monitor as many newsfeeds as you can, trying to react or predict before the rest of the herd does. and thats just daytrading. hodling long forex positions is a whole different game. |
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while I generally am positive about this development, I have a few concerns; for the sake of political lobbying/donations, what are the ramifications of this? if/when they allow cryptos to be donated to political campaigns/ lobbying funds/ political action committees, will donations of this size also be exempted from reporting requirements? if i constantly make transaction under 600, but never excede it (i rarely buy 600 dollar items), will i be exempt from reporting period? how will they combat intentional "smurfing", given that the exemption threshold is known, and, will this mean that all transactions will need to be reported? |
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Could someone explain to me how ICO's are different from crowdfunding? Why would it be regulated differently?
It would seem ICOs are specifically referring to crypto currencies or tokens offered in exchange for crowdfunding, while crowdfunding in itself is just raising money with a crowd. there has ben crowdfunding for a while now; observe gofundme and indygogo. but they werent offering a token or coin, essentially a security, with an expectation of profit. why else would anyone invest in these? i love some of these ideas, but i would never just "donate' money. if its a company, i would invest by buying shares. these icos are essentially issuing stocks in the majority of cases; of course this was going to be regulated eventually. the laws for legitimate securities are draconian. welcome to the board stay a while, its fun here. |
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i have been saying this for ages, Chinese never do anything. the poor bastards are just doing what the rest of us are doing, they invest in bitcoin. what happens is that a very normal news comes out of China and the whales manipulate the price by dumping! i think this month's worst and most ridiculous one was the dump because of banning of ICOs because it had nothing to do with bitcoin to begin with and now this new one is out too! i promise you that in about a week we will be laughing at those who sold at the bottom and not bought back. i was stumped as to why btc reacted on the ico news too. notice we were at an ath, and also notice this always happens when we approaching/just hit an ath well, if the rumors are true, we will be going backwards for a while. im still at a loss as to why they would release all this bad news in a row like, this, if "preserving financial order" is the aim of all these guidances/rumors. this has to be the absolutely most disruptive shit they could have possibly conceived. now, if the shit does hit the fan, so to speak, im curious as to how much we will retract. not trying to see another gox slide, id rather it crash and stay down, rather that drip. it will be a very different market, volatility wise, without China. |
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Has anyone else seen this presentation that Craig Wright recently gave? I don't know if the guy is really Satoshi Nakamoto, but I have to admit that he does know just a 'little' about bitcoin and blockchain technology.
We can't ignore this guy forever....
Yes we can. The community kinda came to the agreement a long while ago that this most likely isnt Satoshi. It is plainly obvious that the person who claims the identity, should be able to move some of Satoshis known coins. if the person isnt willing to do that, the claim honestly wont be accepted by us. Satoshi invented the private key; i hink he would understand the import of retaining them. He could sign a message, even. But, its most likely some bullshit. and, some particularly dastardly bull, you dont claim another mans opus. |
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Fake news. It seems to be recovering back pretty fast.
For some ignorant assed reason, bitcoin always reacts when China reacts, despite the actual news (this is more an ETH issue by the looks of it). the enthusiasm is always enough lately that the dips get brought back up, usually beyond previous levels. people need to actually read the news, and do diligence on the source, and the information they are trying to disseminate (use multiple sources). Im wondering if its smart to buy the delisted tokens, as eventually, unless eth keeps going down they should recover. China timed this in a very interesting way, I must say |
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That is the way to go, Regulating the ICO's is good, not all are scams, and you don't throw the baby away with the dirty water.
this is good for the ecosystem longterm, but I dont this will feel so good short term, i hope not, at least. Historically, whenever China reacts to bad news, we eat a red candle day. This is unarguably "bad news", and given that we have been playing with being in a bubble, I hope this doesnt trigger that big ass correction I have been talking about. It has happened before but, if a few days ago was any indication, it might be okay to buy the dips. im on the fence, I havent sat down and poured over the charts and news yet. given the nature of the ann, I think its probably safe longterm. could be a firesale  |
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Yes!! cryptocurrency can make real money dissappear
cryptocurrency,s like bitcoin offers very huge amount of advantages
that traps traders and increases the acceptence of bitcoin.
by saying the rate of increase in users of bitcoins and
the big community supporting bitcoins
it would surely become a world wide accepted!!!
bitcoin will never replace fiat. they dont serve the same function. observe: fiat is all ways perfect for small, casual, quick transactions. you dont need anything special except your eyes and a brain, and maybe some hands. fiat is portable, damn near universally accepted, and very easy to secure. bitcoin requires a device to transact; and a wifi field or internet tether. it usually takes at few minutes for a confirmation, so your line of customers would grow and grow in the meanwhile. you could have folks prepay, but still, for your walk up customers this would be a nightmare. people would get out of line and walk away. also, and most importantly, there is usually not a fee for transacting in fiat (taxes dont count, bitcoin purchases of real world items are subject to the same taxes). |
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Yes, because you dont have to wear it.
LOL. But at least you can wear gold; it's one of the 'features' of an actual, physical substance. You really can't do anything with a Crypto except spend it, or possess it. You can use gold for art, technology, medicine. In addition to all that utility, it's a really old, really trusted store of value. Bitcoin is just numbers, information in a database. Yeah, it has grown a lot, in price, but why? What has changed that suddenly makes bitcoin so valuable, that we have reached these price levels? This is the same bitcoin we have had, with a fee tweaks, since the beginning. |
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I have been seeing Bitcoins' price rising with a stability in its growth, but due to the higher mining fee that is being levied on transactions these days, big businesses are now moving their funds towards alts and taking advantage with their least fees as well as shaping a completely new economy in the trends of altcoin markets. Do you think this may harm Bitcoin's dignity and open up a chance in real for alts to rise?
Bitcoin have become more of a store of value nowadays than a payment option or currency because of high transaction fees so the possibility of some to shift to altcoins is highly likely. Altcoins have different purposes anyway so the possibility of them rising in their own field is high but its hard to say if it can harm bitcoin's dignity because though bitcoin's transaction fee is high, it still continues to grab the attention of people because of its high price and the volatility of it has attracted traders because of many trading opportunities. Amen. There are plenty of high cap alts, with much lower prices, that actually have functionality beyond bitcoin, in my opinion. We will not keep this top spot simply because bitcoin was first. That trust will only be extended while people are unfamiliar with blockchains/,cryptos. As soon as folks get used to the technology, we may have some trouble. It's the price. Fees are related to the price, I don't bitcoin was intended to be this valuable, at least this soon. Either we need to do something programmatically to lower the fees, or this price level is unsustainable |
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so, like many of you that stopped paying attention to the neobee saga, i was quite surprised when i opened the email from neodisrupt: Hi, you may not be aware that there is now a redemption portal available for your NEOBEE tokens that you acquired in 2013/2014. You can find more information and keep up to speed with the latest information on Reddit through /r/neobee and the token management website listed below. https://neobee.neodisrupt.comat first i thought it was a phishing attempt, but, after some reddit digging, it checked out. i logged in, was credited my shares, and like everyone else im still half "this isnt happening/its a scam" and " am i really going to get my money back"? so, thoughts? to be honest, he had no incentive to come back if he wasnt going to follow through with this. with that being said, we have been burned once before. bigly.  |
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I know that nearly everyone here will disagree with this but I came across an interesting blogpost via forexlive.com yesterday. It's a long read but worth it. https://prestonbyrne.com/2017/09/01/the-bear-case-for-crypto/amp/It raises lots of interesting points that while I don't necessarily agree with them all I certainly think they are worth thinking about. I'm especially talking about the possible impact of a regulation crack down. The history lesson of Denver penny stocks crackdown of the early eighties is a good insight as to what could happen, let's hope it doesn't. Not everyone here is an enthusiastic permabull. im pro bitcoin, but the price increases of late dont seem organic, or sustainable. bitcoin is great, but we must admit many alts have functionality way beyond bitcoin. i dont see a general bear market (the graph is clearly uptrending, and always has been), it is obvious that eventually, it will retract. people WILL take profit. bitcoin is using its trust to survive and thrive; if we lose that trust, God help us. we will go into one of these retractions, like the gox slide, within a year. especially if the price keeps pumping like this. i am mixed on this. i want bitcoin to soar; but not too quickly. |
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Dot.com and crypto is diffrent by my opinion,we have crashes almost every day on some shitico and shitcoins,in a case of shitcoins devs are developing new shitcoin i guess same happen with icp's with much more money,but few ico's wil bring his investors nice incomees and will disrupt industry
No one cares if a coin with a small market cap crashes, the top 10 coins have almost all the market cap so those crashes are completely irrelevant and only affect those poor souls that invested some money in them, but if bitcoin crashed almost all the market of cryptocurrencies is going to be affected since all alts are priced in bitcoin. Yezzir. We are in a bubble, no doubt (growth is too fast) but this wont be another "dotcom" bubble. the dotcom bubble like, actually popped; a lot of those companies went away forever, that had sound business ideas and actually would have worked if not for the market downturn. bitcoin could crash, and other coins would devalue; but folks would go into the next biggest market cap coins and run up the price of those. consider bcc. people ran it up to 1k, and why? we created billions of dollars of value from an ideological split. that doesnt sound like value creation; it sounds like rampant speculation to me. |
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How i can make or win bitcoins by selling or doing specifics things in a Video game? i want to know what games and the metods to do this possible I havent seen a platform yet that was worth the time. im a huge rce gaming enthusiast (real cash economy games). i believe that time spent in a game is still worth money; and I only really play games that allow me to extract that value in some way. this ideology is literally what brought me to bitcoin; it seemed like the meta online currency for everything interwebz. anywho, there arent too many rce games around that offer real value, and it usually requires substantial investment in the platform (skills, armor, weapons). you missed out on afterworld.ru planet calypso is interesting, but unless you are lucky, it will take much money and time to make a real return here. crypto king... nevermind. few others that you could extract value with via their respective black markets, look it up eve is challenging but rewarding, again, much time OR money will be spent in order to profit here, but it is possible. the golden tip: when one of these types of games is created, start playing immediately. in afterworld for example, an exploit in the earlier version of the game allowed me to skill my avatar to a point where i could outrun most of the game mobs. it was later fixed; only the orignal players that used the glitch had the stamina and speed scores to move like this. it made pvp unfair to those that didnt have this "gift". |
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If the price is continue rising well i guess it is good way to invest ,but let see we don't know what happen for bitcoin in the future, but im hoping about the others say that bitcoin will be a good future for us.
Bitcoin price is unpredictable but it is a good move if you invest your money in bitcoin instead you put your money in the bank bitcoin has a good technology & potential in the future as of now the price are rising and there's a lot of country are accepting/adapting bitcoin. that unpredictable price might be a boon to less experienced investors; old money will be wary to invest substantial amounts of value into cryptos. this is why we dont have an etf yet; the price makes this class of asset only really suitable for venture capitalist/angel investors. if i was investing, say, my retirement into cryptos; i would have ample butthurt if the asset devalued 50% because of a hack, or a major scandal. when you park large amounts of value, you want the certainty that the asset will be secure, for some time. thusly, gold, stocks (only a little bit less risky imo), physical assets, and property. bitcoin is liquidable (up to a point) but it is ephemeral. Also, the vacuum of regulation also adds to the inherent risk of holding long term cryptos. Worth the risk |
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