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The china exchanges correction is much faster than I expected(watch the amounts).
Right now big money in china is playing tricks to get cheaper coins.
And after yesterday's presure test of RMB2,000, there is very few chance that it ever go worse than RMB2,500.
So I'd call it a bottom now, if no more bad news from the gov.
Tipping Address:
188vSXijbqQGzBRXNzJzvF1U9bgBPRPpiN
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It's not that simple. Big players are manipulating news and pumping the price up temporarilly for dumping their coins, this would happen numerous times. If no more money can be pumped into the BTC China exchange how can the price go up? Wouldnt the price of btc either go down or stay at the same level?
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See what's happenning right now? And I'm sure you couldn't understand why.
Remember, days, not hours.
And be really cautious now, big players in China is F**king with you guys.
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Interesting. Why don't you do it when you have the chance to double your coin amounts without put in more fiats? Do you guys really just hold you coins no matter what? Or is it a cultral difference between west and east? Which holding coins during the crach actrually make you feel better? Sold some at $800..bought some back at $520..
You are a traitor - you wrote you were holding like a boss - and now we learn that you have sold!? |
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You're getting bit boring mate. Just sayin'  I won't do it any more. It's a Darwin thing. Somebody are just born smarter, and some born loser. I guess warning or not doesn't change that truth. We say joke like this in chinese: 你他妈不赔钱，老子赚谁的去啊？ Peace：） |
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Anger doesn't solve a problem, and stupidity doesn't makes one more noble. Well, let's thank to all the fuckheads that speculated in such a way they played bitcoin like a videogame. I hope all die painfully.
Meanwhile, holding. But these bubbles are not sane for the economy and some people should be executed and put to pay for the bullet. And if their cranium is too hard and the bullet won't terminate them, they should be let to agonize because it's recession and no money for more bullets.
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Yes, you are finally correct, once. See for yourself. You donno what does opportunity means at all. Lol, you obviously need this to stay near the top so here is a free bump for me. Anything that could make our little Albert more happy No tips needed. Yeah, poor me, I'm missing so much opportunities |
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If you are holding fiat, you better wait and see, you'll know it when it's the bottom, perhaps in days.
If you are holding coins, sell when noobs pull the price up, you don't have many chances, don't miss it when you got it.
Chinese bitcoin big players are smart, some of them successfully dump all their coins even before the crash, most of those who didn't, are trying to make a profit when they could, but eventrually they would retreat, and more likely with profits, small players & noobs would lose, and get out too. Only real geeks would stay.
So how do you think smart players would do ? crash the market and get out?
No. They would make illusions, try to sell high, get money from noobs.
Be really cautious guys. I tried 2 times to warn you before, now this is the third time, grip the opportunity when you still could.
And watch BTCChina real time chart, you'll know what I mean by above.
Tipping Address:
188vSXijbqQGzBRXNzJzvF1U9bgBPRPpiN
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This affects every exchanges in China, it means when we retreat our funds in exchanges, you'll get back roughly where before the china rally begins. Think for yourself.
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No money in, only out, and the coin pool size would stay the same. Imagine what does that means. We are not talking about hours, we are talking about days of price fall off, this is just the beginning. See BtcChina chart now, falls to RMB2,800 without a big bounce at all. Now this is very very unusual. If you are holding coins instead of fiat, God bless you. Confirmed, now btcchina do not take bank deposit. So no fiat money inflow, and btc/fiat money outflow is allowed  |
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No yeepay doen't work anymore. Yes China gov is stupid, a bunch of silly old old men reighn. It could be a great opportunity for china to accecpt bitcoin. What a shame. Nontheless, get back to your couch, beer and popcorns, we are going to see a price free fall in the coming days. If you cant deposit through banks, basically most speculators would retreat. This is not about 3rd party payments company, this is about banks. We may expect a bigger sell off later. And it means the gov is more serious than we think, this may kill the exchanges in china in the long run. It's just a hint for you guys to be prepared. If you made a profit by this message, then it's not in vain. This is the other warning thread I made before the last sell off: https://bitcointalk.org/index.php?topic=373212.0Tipping Address: 188vSXijbqQGzBRXNzJzvF1U9bgBPRPpiN I'm relaxed but I also don't have many btcs. However, I should point out that yeepay is still working. Also, if this continues Btc china will be forced to set up shop in HK and Macau. Therefore, goodbye shanghai "free economic zone". China will go back to the Stoneage in terms of financial reforms. And the RMB will never be an international currency due to banking restrictions. |
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banks are banned. You cant deposit to BtcChina & OkCoin through banks now. I have been scouring over the internet trying to get hard facts on the PBOC's ban on Bitcoin transactions.
So far the story ranges from only third party payment processors are forbidden from doing transactions with Bitcoin exchanges (as plenty money changers in the West don't allow transactions onto Bitcoin exchanges), to the PBOC outright banning all banks from processing any transactions onto Bitcoin exchanges by the end of January 2014.
One set of circumstances means Bitcoin will live on in China, the other means the practical death of Bitcoin in China.
WTF is going on over there?
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See for yourself. You donno what does opportunity means at all. Lol, you obviously need this to stay near the top so here is a free bump for me. Anything that could make our little Albert more happy No tips needed. |
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SELL. Right Now. If you cant deposit through banks, basically most speculators would retreat. This is not about 3rd party payments company, this is about banks. We may expect a bigger sell off later. And it means the gov is more serious than we think, this may kill the exchanges in china in the long run. It's just a hint for you guys to be prepared. If you made a profit by this message, then it's not in vain. This is the other warning thread I made before the last sell off: https://bitcointalk.org/index.php?topic=373212.0Tipping Address: 188vSXijbqQGzBRXNzJzvF1U9bgBPRPpiN |
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If you cant deposit through banks, basically most speculators would retreat. This is not about 3rd party payments company, this is about banks. We may expect a bigger sell off later. And it means the gov is more serious than we think, this may kill the exchanges in china in the long run. It's just a hint for you guys to be prepared. If you made a profit by this message, then it's not in vain. This is the other warning thread I made before the last sell off: https://bitcointalk.org/index.php?topic=373212.0Tipping Address: 188vSXijbqQGzBRXNzJzvF1U9bgBPRPpiN
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Yes sometimes it's very slow to inject your coins. Better prepare it before the show even start.
I hope you guys sell at $840(the price when I write this) and buy back at $720(the price 5 hours later), that's a 17% ROI.
a rumor/speculating post is just for this kind of effect I guess.
For those who dont give a F about profit, well my hat's off to you.
Tipping Address:
188vSXijbqQGzBRXNzJzvF1U9bgBPRPpiN
I tried to dickhead, but your goddamn exchange, BTCChina ate my BTC for the duration of the drop... ("dickhead" is jokingly, btw. I'm with you, all I wanted was to make my damn 17% or so; anytime I can increase my holdings of BTC I'm happy) |
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You may feel it arbitrary but I'm just trying to tell you the truth, it's hard to get the idea if you don't actrually live here. You are wrong. We buy bitcoins to make a profit. the chinese were buying btc for a couple of reasons and one of them was property tax evasion
(property bought with btc was not taxed )
but the main one was to bypass current laws on chinese citizens being restricted to moving money
out of china (its illegal to transfer more than $50,000 out of china in a single year)
they can claim to be speculators or whatever but i believe these reasons are more important to them
than any other reason to buy bitcoins
you can speak for every single chinese person whos ever bought BTC's ? |
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I hope you guys sell at $840(the price when I write this) and buy back at $720(the price 5 hours later), that's a 17% ROI.
a rumor/speculating post is just for this kind of effect I guess.
For those who dont give a F about profit, well my hat's off to you.
Tipping Address:
188vSXijbqQGzBRXNzJzvF1U9bgBPRPpiN
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You are wrong. We buy bitcoins to make a profit. the chinese were buying btc for a couple of reasons and one of them was property tax evasion
(property bought with btc was not taxed )
but the main one was to bypass current laws on chinese citizens being restricted to moving money
out of china (its illegal to transfer more than $50,000 out of china in a single year)
they can claim to be speculators or whatever but i believe these reasons are more important to them
than any other reason to buy bitcoins
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And I'll be honest with you too, I don't care about what you say either. Just give some hints to you guys here if you dunno what's happening in China right now. Now Mt.Gox is $840 Bitstamp $775 and BTCChina is & 760, very unusual. Albert, let me be perfectly honest with you - I couldn't give a flying one what typical Chinese trader is and what he is going to do now.
China hype is used well, they can all stop trading now as far as I am concerned. I'd actually be perfectly happy if China factor would be completely wiped out from Bitcoin scene, sick of noobs shitting their pants whenever China farts.
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