7 AM in China on the 31st, the world hasn't imploded.
Now can we PLEASE... get back to CCMFing...
i wonder how long the market will wait. my guess is we will be looking to BTCChina for volume to pick up, this will confirm CNY deposits are in fact coming in and chinaman is back in the game. this could take a few days... i'm sure we'd all feel more comfortable with an official word from chinese government that this deposit method is permissible... but my guess is we won't get that, and we'll simply think no news is good news. IF china doesn't not accept this, and forces BTCChina to close, i wouldn't expect a huge crash (i think we'd just erase any gains starting from today, and maybe dip a little lower...), I think that china being out of the game is mostly priced in by now, and with all the gr8 news coming from the west i'd say any sizeable panic sell because of a offical chain bitcoin ban is tremendous buying opportunity. will china let it be? if so how high will bitcoin go!? if not, do you agree the subsequent crash can be viewed as an emotionally driven panic sell off / good buying opportunity? so many questions so little time! bitcoin is not boring! |
|
|
|
This doomsday scenario was echoed by another used called 'Proudhon', who has contributed to the forum for three years. The user said bitcoin's fall from $1,200 to its current level of around $900 will "continue until bitcoins are worth $0."
Much of Proudhon's comments from "confirmed sources" have been dismissed by other forum users, but the sense of unknowing shared across the community is hard to ignore. confirmed! this is hilarious, its like they don't know Proudhon is probably max leveraged long and trolls such absurd bearish comments only to make the bear case look ridiculous. he will never confirm that but we all know its true  |
|
|
|
here's my take on the market action some poeple think since deposits are coming back online for BTCCHina that means we moving up way up some poeple think that the government won't allow this and the party will be over before it starts these two forces clash, and BAM we have extreme volume low movement. the market looks like this ATM:  Cool description!  I feel i sodl when i should've hodl YET AGAIN... but i'm gonna HODL this 50/50ish position as the market can go either way depending on the chinese government reaction. this is epicness in the making people |
|
|
|
here's my take on the market action some poeple think since deposits are coming back online for BTCCHina that means we moving up way up some poeple think that the government won't allow this and the party will be over before it starts these two forces clash, and BAM we have extreme volume low movement. the market looks like this ATM: |
|
|
|
i'm so high off this news / price action, my hands are shaking! bitcoin best drug in the world.  |
|
|
|
WOW BTCChina jumped from 1900 BTC volume to 11200 in just few hours
New money want hit the exchange for another couple of days  who's dumping!? this is kinda weird someone is dumping hard someone else is catching all the coins. |
|
|
|
lol btc-china took over control again. Do they have 0% fees ?
they now pay poeple that add liquidity BTC China has also launched a promotion to bring awareness to its Maker-Taker programme and reward its customers.
Maker-Taker is a system whereby those posting multiple buy/sell offers and increase liquidity in the market (“makers”) are paid a fee, whereas those who take the offers and remove market liquidity (the “takers”) are charged a fee of 0.3%. |
|
|
|
Anybody else think all that volume just between 4810-4850 is a bit odd?
no. it jives well with the news. |
|
|
|
|
i was expecting china to officially ban bitcoins tomorrow, now this news... wtf!
|
|
|
|
this is no rumor, this is news Bobby Lee, CEO of the exchange, confirmed that customers can now buy bitcoins from the exchange by depositing their funds directly into the company’s account. now is this going to be stopped by the government or not, thats news for another day. |
|
|
|
looks like we're moving up! hehe, let's not get ahead of ourselves. On the bigger time scale it looks to me like we're still in a (mildly) downward sloping consolidation. So I'd say, let's break through 830, 850, 900 first, then I'm going to join the crowd of cheering bulls again exactly but the news today from BTC China if this works, we are going to mars. we're going to need 6 confirmations that this is infact legal, and then BAM the shiniest green candle bitcoin has ever seen will appear |
|
|
|
Nice timing for a reconsideration Mr. Lee:
"“Previously, we judged doing this as not being viable, however, we have since changed our stance. We looked again at the guidance issued in December and we think it’s a reasonable for us to accept customer deposits via our corporate bank account,” said Lee."
Such coincidence.Wow
hopefully this is a correct interpretation of the law, and they will be allowed to do this. but china doesn't want money leaving the country, maybe chinese regulators will ask US regulators to make sure a chinese person is not allowed to exchange their bitcoins for USD via an exchange. |
|
|
|
if this flies we are going to mars. |
|
|
|
looks like we're moving up! |
|
|
|
ok back on topic  |
|
|
|
The e-commerce giant is also developing a solution for person-to-person payments — bypassing banks and other payment networks — putting it in even closer competition with P2P payment giant PayPal. someone needs to tell the writer what P2P money is P2P money does not include a "payment giant" |
|
|
|
i've been selling coins.  risk management.... but i still very bullish on the future. Anyone in bitcoin a few years ago is rich now. So... Anyone in bitcoin now will be rich in a few years. no worries its easy to think that anyone that heard about bitcoin in 2012 bought 10K worth of bitcoin minimum but it was a different time back then, bitcoin was really sketchy, no one wanted to risk more then they could afford to lose and unfortunately i could not afford to lose very much at all the week i heard about bitcoin was the same week i bought my house. worst investment ever! and you haven't paid it off yet? no... like i said i could not afford to lose very much at all. and i sodl alot in the 20's ..... |
|
|
|
Just got home, not gonna bother catching up with the last 30 pages of probable nonsense,
But I just watched the first segment of the first panel today, and sorry for the serious but I'd like if some of you could offer an opinion on the following.
Cyrus R. Vance, the very first person to speak, chooses to start with a case of money laundering, of course. Money laundering is the catch phrase and it's designed to put a negative image on bitcoin. They will repeat it again and again when asked about bitcoin.
The interesting thing is that they were laundering fiat dollars acquired from the theft of credit card information, using western express. This crime can't even happen with bitcoin. There is no credit card information to steal in the first place.
I think the reason they are going to try to vilify bitcoin and try to regulate the shit out of it so that they can maintain their monopoly on the money laundering business.
What do you think?
the hearing made me feel like the US was going for a minimalist approach to regulation, the chairman seemed very pro bitcoin.... I don't think they are going to regulate the shit out of it. they keep saying that they want to have enough regulation to feel comfortable and at the same time not stifle bitcoin's potential. If i was a conspiracy theorist i'd say bitcoin is the new illuminati money, and government agents are in on it. but i'm not going to go there. |
|
|
|
i've been selling coins. risk management.... but i still very bullish on the future. Anyone in bitcoin a few years ago is rich now. So... Anyone in bitcoin now will be rich in a few years. no worries Will anyone who buys bitcoin in a few years be rich in another few years? I'm curious as to how long this recurisve logic will go on. Will bitcoin expand infinitely and receive massive adoption by aliens in distant galaxies? if aliens want to do business on earth they will have to buy bitcoin bitcoin upper bound is like 5-10million pre coin. You forgot about: Anyone in bitcoin a few years ago is rich now unless of course they spent it on hookers and blow. i imagine quite a few poeple died of overdose during the last run up |
|
|
|
i've been selling coins. risk management.... but i still very bullish on the future. Anyone in bitcoin a few years ago is rich now. So... Anyone in bitcoin now will be rich in a few years. no worries Will anyone who buys bitcoin in a few years be rich in another few years? I'm curious as to how long this recurisve logic will go on. Will bitcoin expand infinitely and receive massive adoption by aliens in distant galaxies? if aliens want to do business on earth they will have to buy bitcoin bitcoin upper limit is like 5-10million pre coin. ( in todays dollars ) |
|
|
|
|
Show Posts
