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6201  Bitcoin / Bitcoin Discussion / Re: This guy on: September 15, 2017, 03:11:55 PM
There are now many buyers for Bitcoin since the dip have already bottomed as of the moment. What can happen in the next few days will affect Bitcoin and if there would be no more good news then there can some spikes. We are all hoping that Bitcoin can be back for good...bullish and always looking ahead into the future.
6202  Bitcoin / Press / Re: [2017-09-15] Chinese Bitcoin Exchanges Face Stricter Regulation and Licensure on: September 15, 2017, 03:03:19 PM
I am sure that soon (maybe by next year) Bitcoin exchanges can be again allowed in China under a strict laws and regulations. The government is aware of the tremendous opportunities available with cryptocurrencies but it can not allow disorder. They just need time to sort these things out. China can be back with a vengeance months from now.
6203  Bitcoin / Bitcoin Discussion / Re: Keep calm: The bitcoin is stronger on: September 15, 2017, 02:57:16 PM
Bitcoin can all survive even if one day we will wake that the Chinese market is already closed...but wait a minute am sure that soon China will be back with a vengeance...they are just taking the time to sort thing out and by next year they would be open to ICOs and exchanges under a strict environment.
6204  Bitcoin / Bitcoin Discussion / Re: Where can the money go after China banbed its Bitcoin exchanges? on: September 15, 2017, 02:32:48 PM
It should be noted that it is the exchanges that will be banned by China to operate and not Bitcoin itself. Meaning to say that they can still own any amount of Bitcoin they wish to have but they can not anymore those exchanges for any transactions. Peer-to-peer transactions are still permitted. I am predicting though that there can be reversal of this decision at the proper time and they would be implementing very strict rules on ICOs and exchanges.
6205  Bitcoin / Bitcoin Discussion / Bitcoin Is Better Without China!!!!!!! on: September 15, 2017, 02:27:07 PM
it is time we proclaim to the whole world that Bitcoin can be better without the influence of China. We don't need China to make Bitcoin survive. By next year, all of these things can be history and maybe we should learned the hard lessons that China is just a big headache.

It is time for Bitcoin and the whole of cryptocurrency to move on without China. We can still survive without it and in fact there are many BIG companies right now who do not also have any presence in China. We should not be afraid that Bitcoin can die without China...in fact the opposite can be true.
6206  Bitcoin / Bitcoin Discussion / Re: What Chinese Miners Will Do With Mined Bitcoins on: September 15, 2017, 02:23:26 PM
what you see is mostly mining pools that are getting paid. these pools pay their miners who connect to them (some from outside China even) in bitcoin. and each of those miners can choose to do whatever they want with the small amounts they get.

generally speaking buying and selling bitcoin is not banned nor illegal in China. it is perfectly legal to do it as you wish. there are a lot of options to sell bitcoin. not all exchanges are closed, there are foreign exchanges, there is p2p trading like what localbitcoins offer, there are options off-the-market and away from public eyes probably too.

as for "if they stopped mining", i have to say it depends on how much hashrate will go out. if it is big enough, there will be delays (can be a couple of minutes delay to an hour depending on how much leaves) in when new blocks will be found for a while until the next difficulty adjustment and by then the new difficulty will be in a way to go back to normal (2016 blocks in 2 weeks IIRC).

Right. Bitcoin is not yet illegal or banned in China only the operation of exchanges. Well, we don't know if time will come when the whole of Bitcoin and all of cryptocurrency can be gone for good in China. But one thing for sure, it would be better to have no China in cryptocurrency as it is the source of so many headaches.
6207  Alternate cryptocurrencies / Bounties (Altcoins) / Re: Coin Hunting Campaign —— Come on! on: September 15, 2017, 02:02:14 PM
I am participating in the Twitter campaign since I can find the page in Twitter but I could not find the page in Facebook...maybe there is something wrong as what the customer service in Telegram is telling me. Hope to get as much coins as possible.
6208  Economy / Speculation / Re: Bitcoin falling again on: September 14, 2017, 08:31:33 AM
Panic selling has started and nothing can stop it. Because of this continued selling people of their bitcoins. And this is how you feel now. I'm just like that but I'm not selling because I'm just getting the least chances to get the chance to get back. I am satisfied with what the amount I hold now and I wait for the right time to increase.


I guess we have the same disposition. For now, I would be hodling my Bitcoin for the very reason that the value is low...wait for the time it would grow and then I might sell some. People are having panic picnic because they are so afraid they might everything they invested for in Bitcoin. These are the people that can easily be moved by FUD. We don't need these people within the Bitcoin community.
6209  Economy / Economics / Re: Government & Bitcoin on: September 14, 2017, 08:20:56 AM
The sharing economy is just going to continue to grow, and governments will be challenged to understand and manage its implications while embracing its benefits. However, governments will be at a significant disadvantage if they wait too long and newer technologies and markets will have already been developed that do not follow traditional models. Think of the following: Uber is the world’s largest taxi service and owns no cars. Airbnb provides lodging yet does not own real estate.

How will local governments adapt to these new ways of doing business that are disrupting traditional business models? All we know now is that governments are a long way from even contemplating and accepting this new reality.

The government will soon adopt some of these innovations but to expect for it to be the prime mover I think that is not really the rule of the government...it is the private sector that should be at the forefront of new innovations. Individuals or groups of people can be the bringer of new catalysts for development and the government should only be supporting them. This is the American way of doing things...they are not waiting for the government to do it for them...of course because of the idea of entitlement this kind of culture is already eroding. 
6210  Economy / Speculation / Re: All the times Jamie Dimon warned the public about bitcoin LOL on: September 14, 2017, 08:15:07 AM
I think this is an example of a guy who thinks that he knows too much and that all people should be listening to him otherwise something bad will happen. Now, if something would go "wrong" like the dip we have right now, these are the people that can take center stage and whenever Bitcoin is having a good surge these same people would be warning us about the impending bubble burst...as they say damn if you do damn if you don't.
6211  Economy / Speculation / Re: I AM HODLING on: September 14, 2017, 08:10:34 AM
For the people who came in at $4000 and above, it's hard to tell them to hold especially that the price kept on tanking every single day. I have bought on $4000 and $4200 but majority of my holdings right now are still from $2500 so it's easy for me to bail out if I really wanted to, and I think other people are also considering this move since the future is looking gloomy within the next weeks.

I beg to disagree that it can still be gloomy within the next few weeks. Right now, there are already new rumors that eventually China will never be banning Bitcoin exchange but would rather regulate them strictly and the same thing can be possible for ICO projects...they will need to get permit first before doing the business. This can be a good compromise compared to complete ban.
6212  Economy / Speculation / Re: More Chinese FUD to trigger panic selling on idiots on: September 14, 2017, 08:02:22 AM
http://finance.jrj.com.cn/tech/2017/09/08211823086220.shtml

Weekend is near, and China tested their power again with their ICO news. Well now they spread some rumors about a ban on actual Bitcoin (not just ICOs) to crash the market. They put shorts, they launch the news, they make a killing.

Next week we will recover and China will have even more BTC. This is how China is stealing BTC from the hands of weak-handed panicsellers, they have been doing it for years and will continue to do so for as long as panicsellers panicsell with ban news.

Even if the ban was real, it's irrelevant, the protocol works and it will recover, and then China will have nothing else to FUD with, which is why they will not actually ban it.

Yes, China will lose a great deal in its leadership of the cryptocurrency market if they will totally ban Bitcoin and the exchanges operating within the country. Whether they admit or not, these exchanges are also bringing in money into the country contributing something to the local economy. Right now, there are those floating the idea that eventually China will rather get strict with the implementing rules and guidelines rather than ban Bitcoin exchanges.
6213  Economy / Economics / Re: Shorting the Current Governance System on: September 14, 2017, 07:57:16 AM
Hey guys, newbie here.
 
I'm looking for your insights regarding the subject. If you were to lose trust in the future of the current governance ecosystem, what coins would you invest in other than BTC? Please don't reply with "do your own research," this is a part of my research.

You can go with Bitcoin as well as Eth but I would like to add Monero into the top choices because of its more anonymous transaction capability (making it now the preferred currency of choice for those in the dark web). Of course, there are also other candidates but I could not speak for them as most of them can easily withered under a strong government pressure.
6214  Economy / Trading Discussion / Re: DONT's regarding crypto trading on: September 14, 2017, 07:49:45 AM
This is all about knowing what you are doing. Information right now is awash everywhere and with the help of many sites and the old Google we can get the things we wanna know...it is just a matter of getting to know what we should know so we would not be a like an aimless bird flying around. I believe that there is always a good future for cryptocurrency even if there are also many scams in here (just like any other platform, anyway!).
6215  Economy / Trading Discussion / Re: Arbitrage on: September 14, 2017, 07:36:35 AM
So let's say I've found two different exchanges where prices of selected cryptocurrencies is varying quite a bit.
How to arbitrage? Should I buy some BTC at let's say 3.700 then send this amount to second exchange where I will sell it for 3.900? The profit here is that I have more fiat and I can't really multiply this process (or maybe I can send earned money to the first exchange again, but it takes a lot of time). Am I seeing this right?

This is the real basis for an arbitrage which taking advantage of a situation where you can find two situations having different figures so you can buy in one and sell in another one and possibly makes some profits. However, this is not anymore new but if you think you can make some profits doing it then I guess you should try it.
6216  Economy / Trading Discussion / Re: Good news to bitcoin traders. on: September 14, 2017, 07:23:48 AM
"Chinese government said it is impossible to ban bitcoin that they are just trying to regulate it and they actions should benefits blockchain" https://www.reddit.com/r/Bitcoin/comments/6zzmyy/official_press_of_china_it_is_impossible_to_ban/ for fundamental analysis traders, the best time to buy bitcoin is now as this is the best significant news that come from China after the banned of ico and the fake news or rumor of banned of cryptocurrency exchangers in China.

We are being conquered by China and cryptocurrency has not escaped the power and influence of the Chinese. The world is now made of products originating from China, they have been lending to many countries and enlarging their sphere of influence starting many years ago and now they can flex their muscles anytime and the whole world can be reacting with some awe and fear. Cryptocurrency should have been an exception to the growing of China but alas because many miners are located in China, this country is always highlighted and given so much focus.
6217  Bitcoin / Bitcoin Discussion / Re: Chinese Bitcoin Exchanges Will Likely Not Be Banned on: September 14, 2017, 07:08:25 AM

Doesn't surprise me at all, knew that this news was going to come sooner or later. It was a plot to weaken the Bitcoin price and guess what they succeeded, our community is is so weak that it blindly believed it and made a panic sale, how stupid can we be. Though I would say if you got cash now is the time to make some quick money, go for it, cause very soon we shall see prices rising.

We should be learning big lessons from this latest big dip for Bitcoin. From now on we should start to disconnect China from the Bitcoin ecosystem especially its effect on the value. Now, the only problem is that people are so enamored with China that they keep on listening even just rumors reported to be news by the media and many Bitcoin enthusiasts. China is a country that sometimes be hard to understand that is why the Bitcoin community should make a stand that we should not be panicking fro any news coming this great country.
6218  Bitcoin / Bitcoin Discussion / Re: EXTRA EXTRA: China NOT Banning Bitcoin Exchanges After All!? WTF!? on: September 14, 2017, 07:00:55 AM
Bitcoin is supposed to be anonymous. And KYC is exact opposite of that notion. PS: I don;t have anything against AML policy. Harry

In a perfect world, there should be no KYC to be imposed and maybe I would surmise that maybe we don't need Bitcoin in the first place but the problem is that we are in an imperfect world where people can be taking advantage of each other and can use any platform for their own evil purpose. I am not saying that the government imposing exchanges to do KYC is perfect but certainly we have to understand that there are also basis why they are imposing that rule...it is because human as we are we may abuse the platform given to us.

Now, back to the main story, I have been telling others that eventually China would be back on the table this time around it would be bringing and imposing stricter rules for all to follow. The government is always knowing that cryptocurrency is also bringing in money into the country and certainly it can be a partner for growth, after all.

Cryptocurrency can all live without China but it would China's loss it they will close their doors into this new platform...a revolutionary and life-changing platform.
6219  Bitcoin / Bitcoin Discussion / Re: Small investors now is your time! on: September 14, 2017, 06:30:41 AM
So now that the price is dropping, do not fret as it's the perfect time to buy! with bitcoin once again in the 3000's $100 will go much farther now than it did just a few weeks ago. You can possibly even buy your way into the larger investment level right now and ride the wave! Capitalize  on this moment to double down. Even if it lowers a bit more it's still in our favor. because as soon as this insecurity is gone Bitcoin will make another run and my guess is that it would hit 6000+. Especially with bankers buying it up while denouncing it publicly. Getting to your first coin is a milestone and will allow you/me/all of us to participate in the community at a whole new level and from a new perspective. Act now! Thoughts and criticisms welcome.

In Bitcoin, every dip can be a good opportunity to buy into it or increase one's holdings further. As Bitcoin is now suffering some hemorrhage am sure this is one of the best time to buy the King of all Cryptos. I am also certain that soon Bitcoin can be making a comeback when things will get clearer and the dust has already settled. Let us not panic but use this window of opportunity to have more Bitcoin.
6220  Economy / Speculation / Re: Bitcoin under 3000$?? on: September 14, 2017, 05:41:37 AM
Bitcoin is falling again. I think the reason is China banned the ico's.
Currently the price is 3800-3900$. Will it go under 3000$? what do you think?

With all the bad news and persistent rumors plus the press releases of people who are out to destroy the reputation of our beloved Bitcoin, it would not be a wonder if tomorrow Bitcoin/s value will be back to just $10. And am sure if there would be an explosion if that would happen as many of us would use the money we got to buy as much Bitcoin as possible.

There is a visible conspiracy right now to bring down Bitcoin back to zero so they can proclaim to the whole world that indeed Satoshi's Bitcoin is a big fraud and a big bubble that is all ready to pop anytime. The warnings have been on the media lately and there would be more people who will issue their own take on Bitcoin.

Suddenly we are filled with people who are expert in cryptocurrency. It is all up to you if you listen to them or not...it is your own money anyway.
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