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1  Bitcoin / Press / Re: [2017-01-20] The worst case speculation after PBOC inspection on: January 20, 2017, 10:13:30 AM
Quote
If you read between the lines, the best thing to happen would be all user funds (fiats) would be stored via third party custody. However the “third party custody” is in direct contradiction against the regulation requirement released by PBOC and other regulatory authorities in 2013, which asked financial institutions and payment processors not to provide customers with service directly or indirectly related to Bitcoin.

Hmm - this sounds like a problem.
2  Economy / Speculation / Re: Don't fall for the chinese scammers trying to make you panic sell on: January 19, 2017, 06:42:17 PM
You are just like them - just talking your book.

When a panic comes it is best to sell and rebuy lower. "Who panics first panics best" as they say Smiley Of course the hard thing is to decide if what comes is a real panic - or just a hiccup.
3  Economy / Speculation / Re: Who made big money? on: January 16, 2017, 04:45:54 PM
I would like to know who was it that shorted this from over 1100. It was looking so bad for shorters - you'd have to have balls of steel to hold it through the pain.
4  Economy / Speculation / Re: What's next (short term) ? on: January 14, 2017, 06:03:45 PM
It will slowly slide down over the rest of the weekend. People wait for what will happen on Monday in China - so they don't buy now. Then on Monday it'll drop some more - because the trend will weight down. I don't think it will make a lower low - but it is possible if there are indeed new bad news. Then on Tuesday it'll start bouncing back towards 1000 when people will start buying back. With lots of volatility.

Just a speculation.
5  Economy / Speculation / Re: Analysis on: January 14, 2017, 09:59:20 AM
780 would be a fail - sell on retrace.

Until daily sma 20 and upper weekly BB holds - thats okay imho

780 failed - so now sell on retrace?
6  Economy / Speculation / Re: Exchange inspections should be a good thing. on: January 11, 2017, 03:12:08 PM
Inspections are not good if people used BTC for working around the capital controls.
7  Economy / Speculation / Re: Bitcoin price is being manipulated in China on: January 09, 2017, 12:36:12 PM
we have no proof but it is really possible. take a look around. where there is money to be made there will always be people who will take advantage of others. and when people have the capability, what should stop them from doing it? better safe than sorry. thats why i rarely put money in bitcoin i just work to earn some bitcoins preferably while cheap and just basically try to time my sells

We don't need any proof to believe that people buy and sell BTC off exchanges and that to do that they need to agree on the price - it is obvious that people do that. The question is how that constitutes manipulation.
8  Economy / Speculation / Re: Bitcoin price is being manipulated in China on: January 09, 2017, 11:03:27 AM
How is that price manipulation?

I am pretty sure this post is a troll. It is even funny how many replies he gathered.
9  Bitcoin / Press / Re: [2017-01-08] Study: Bitcoin Hedges Global Uncertainty on: January 09, 2017, 07:29:58 AM
This is nice - we only need some more prestigious entity to join.
10  Economy / Speculation / Re: New Video: How High Will Bitcoin Go? $2000, $5000 or $10'000? 🤔 on: January 08, 2017, 06:22:02 PM
https://www.reddit.com/r/BitcoinMarkets/comments/5mlv40/the_fractal_relationship_between_bitcoins_first/ Smiley

This is nearly exactly my thinking - target 30K. Of course in the meantime something can and actually probably will happen that will derail the process.

And by the way - what are this guys arguments in text? Who is he - just some random internet guy giving advice?
11  Economy / Speculation / Re: Bitcoin Can Hit $2K ? on: January 07, 2017, 05:44:43 PM
My target is $30 in half a year Smiley

Of course most probably even if it reaches that level I'll not have anything left, because I am too emotional trader, but based on previous bubbles this looks like a good target.

In the mean time it is very path dependent and who knows what can happen next - some other coin could surpass bitcoin, there can be some bug still hiding in the protocol or China could ban BTC for real. I cannot assign any probability to that prediction.
12  Bitcoin / Press / Re: [2017-01-06] - China's Central Bank Issues Warnings to Major Bitcoin Exchanges on: January 07, 2017, 07:07:31 AM
"PBoc detail: exchanges cant do offline promotion; no fake trade; Devaluation cant be mentioned; mandatory strong KYC "

https://twitter.com/cnLedger/status/817550313636798464

Looks like the government wants to know the real volumes.
13  Economy / Speculation / Re: Central bank of the Shanghai province warns about the risk of speculating on BTC on: January 07, 2017, 07:05:46 AM
"PBoc detail: exchanges cant do offline promotion; no fake trade; Devaluation cant be mentioned; mandatory strong KYC "

https://twitter.com/cnLedger/status/817550313636798464
14  Economy / Speculation / Re: Central bank of the Shanghai province warns about the risk of speculating on BTC on: January 06, 2017, 10:50:30 PM
http://www.coindesk.com/chinas-central-bank-issues-warnings-major-bitcoin-exchanges/ - so now we have authoritative translation.

Sell the rumour, buy the news?
15  Bitcoin / Press / Re: [2017-01-06] - China's Central Bank Issues Warnings to Major Bitcoin Exchanges on: January 06, 2017, 10:47:14 PM
Buy the news?
16  Economy / Speculation / Re: Central bank of the Shanghai province warns about the risk of speculating on BTC on: January 06, 2017, 04:25:43 PM
When I read the translation posted on reddit: https://www.reddit.com/r/Bitcoin/comments/5mczaz/this_is_important_shanghai_pboc_has_warned_btcc/dc2mc5l/ it looks like this is maybe partially ass covering for the authorities - i.e. if it crashes please don't blame us, we warned you, partially at officials using public funds to play the market and partially at enforcing the laws.
17  Economy / Speculation / Chinese authorities warn about the risk of speculating on BTC on: January 06, 2017, 12:22:07 PM
I see this being removed from this forum - but it is an important news, even though not as important as it was made at the initial reports.

http://shanghai.pbc.gov.cn/fzhshanghai/113571/3230012/index.html

Google translation:

"""
The People's Bank of Shanghai headquarters, the Shanghai Municipal Finance Office joint relevant regulatory authorities met with the Shanghai Bitcoin trading platform is mainly responsible for
??
The size of the small and medium - sized enterprises in Shanghai
Print this page Close window
Recently, the People's Bank of Shanghai headquarters, the Shanghai Municipal Finance Office jointly with the relevant regulatory authorities met the bit currency trading platform, "Bitcoin China" is mainly responsible for understanding the platform operation, suggesting that the operation of the platform to ensure the stability of the local currency, The possible risks, requiring its strict accordance with the relevant laws and regulations, according to the law compliance business. Urged the platform in accordance with relevant laws and regulations to carry out self-examination and the corresponding clean-up and rectification.

According to the Notice of the China Insurance Regulatory Commission (CBRC) on Prevention of Bitcoin Risks, issued by China Banking Regulatory Commission of the Ministry of Industry and Information Technology of the People's Bank of China (YF [2013] No. 289), Bitcoin is a specific virtual commodity, Do not have the legal nature of the legal nature of coercion and coercion, does not have the same legal status with the currency, can not and should not be used as money in the market circulation. Institutions and individual investors should correctly view the virtual goods and virtual currency, rational investment, at their own risk, maintain their own property and establish the correct concept of money and investment ideas. (Finish)
"""

Update: Title updated to reflect the most recent translations and interpretations.
18  Economy / Speculation / Re: HUGE Drop coming! on: January 05, 2017, 09:30:58 PM
Drop in Peoples' JAWS... cuz this train is going to the MOON!

[ dropping jaws images deleted ]


So the OP tried to be ironic and predicted accurately.

Now people don't even notice the text of the post, but just read the subject line and feel impressed.

Funny thread Smiley
19  Economy / Speculation / Re: Huobi price difference on: January 05, 2017, 06:23:59 AM
It looks that CNY (in USD) is bouncing back hard - this might put some brakes on the crazy Chinese BTC rally.
20  Economy / Speculation / Re: 2013 vs 2016 Chart Week on Week Percentage Change on: January 04, 2017, 03:40:05 PM
The comparison people are drawing is between 2013 and the current year not the previous one.
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