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China has a craze for gambling and alt currencies in general - it is a trillion dollar market there. They were never really big techie bit coin geek bulls. When the slightest hint of trouble occurred they moved onto the next thing and forgot all about bitcoin. Probably back to BANs (bank notes).
Easy come easy go.
do you think they have moved on or do you think they are waiting until feb8 (soonest new money could be on exchanges)? I guess there are likely a million and one ways to "strike it rich" and bitcoin is only one in a sea of neon signs. with that perspective a lot of people would understandably move along quickly.. I beg to disagree with the 2nd part of your statement. In China they have HARDLY any good investments to invest in. Their real estate is in a a bubble, their stock market is full of corruption/false reporting/manipulation, and the people aren't allowed to move money out of china by by any significant size (wires of more than $500 are a pain in the ass- coming from a real life friend who worked there for 2 years teaching english, and moreso- you simply cant wire more than $50k out per year). Bitcoin and digital currencies are a BOON for the chinese. Easy enough to buy there, and MASSIVE returns. Hell its massive returns for us here in the US and we have even a pretty damn good real estate market to invest in right now(especially in certain parts of the nation like Phoenix, AZ)- even here in the US I say digital currencies are still a far better investment-- personally, it would seem very predictable that its only a matter of time until the next massive leg up led by China and perhaps India or another country with lots of money to spend. China can do what it will to try to stop it, but in the end, even if they made it illegal, I don't think they could stop it (the same way they can't really censor the internet- people will get around it if they want to - and they will want to, more and more as time goes on) |
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I know there were those recent events in China trying to hold bitcoin back.. but I feel like there's SO much chinese money that wants to escape and flee into bitcoin (because of no good investments there, etc),
I'm just surprised that it has stalled, considering it poured around $8 BILLION into Bitcoin over the course of just 2 months and coming out of nowhere!
There were some strong uptrends- each time ending with China giving some kind of "bad" news and stopping bitcoins momentum(temporarily)
But now it has been a week or 2,
I'm trying to keep my ear to the ground for the next big rush --- there is volume there but price isn't moving, so this is indicative of about equal buying and selling going on, so what do you guys think is going on behind the scenes over there? (or the Chinese citizens and investors' mentality)
Also does anyone know about other countries that are really starting to rise on the horizon yet? (though I doubt many besides China and India will have the tremendous market moving power that these guys do)
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major suggestion: If anything, the rate of foxcoin being released NEEDS to be reduced. It is released at WAY too constant of a rate = thus massive inflation.
Take a feather from any successful coin's hat--- coin generation NEEDS to decrease (significantly) over time, otherwise inflation will kill the coin! 30 days out the coin needs to be generating only 150 Fox, 60 days out should be only 100 fox, 90 days out should be only 75 Fox, etc. (and then you can level off at a minimum of 5 FOX)
I was conservative in this, the rate can be even 2-5x faster than this.
But at the current rate, market will always flood with new coins punishing all your investors who are serious in it.
Please fix this, or else I fear for this coin!
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Is it 1.96 billion total coins that will be released, or 1.96 TRILLION coins that will be released?
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someone email me at rebel24 AT GMAIL when coin is released I will give you a stake of whatever I mine
-edit- and even better email me when the guy comes online if you see that
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how often does this happen? was my first time trying to attend a release
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have they made the wallet available for download yet?
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is there any other way to trade usde??
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I'm in,
Here is my tx: f71b35dec1e0726de363f583bad3a6f4a598d4a6509bc919630e62bdba2484fd
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we need to get a petition for crypsty up, along with other exchanges, but cryptsy and bter both would be very ideal, has anyone started one? if not can someone make 1?
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My vouches for previous trades will be in this thread, and thank you to my trading partners.
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***Update*** I am buying up to 100M COYE at 4 satoshi each which is a good opportunity for you to unload all you want! Email me at rebel24@gmail.com if interested, we will be using a reputable escrow for mutual protection. First come first serve so one I run out of funds I wont be able to do any more! |
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Email me at rebel24@gmail.com if you interested, we will be using an escrow, once I've spent my funds I'll be be out so first come first serve! Must have at least 5m to sell |
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Buying as much COYE as you have at 2 satoshi each which is a good opportunity for you to unload all you want! Email me at rebel24@gmail.com if interested, we will be using a reputable escrow for mutual protection. First come first serve so one I run out of funds I wont be able to do any more! |
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We will use a reputable escrow for the transactions, email me at rebel24@gmail.commessage me soon though I am buying them now, first come first serve! |
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Please include me in the issue, I am a developer and could also contribute to the development, as long as I have some skin in the game!
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