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Author Topic: BREAKING NEWS ....BITCOIN > CHINA  (Read 3043 times)
ParabellumLite
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April 10, 2014, 12:44:05 PM
 #41

The chinese exchanges will just move the servers outside of China or in Hong Kong.......just a minor delay for the rocket launch

Tell me, how will money move in and out of those exchanges?
porcupine87
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April 10, 2014, 01:47:51 PM
 #42

The chinese exchanges will just move the servers outside of China or in Hong Kong.......just a minor delay for the rocket launch

Tell me, how will money move in and out of those exchanges?

I bought my coins at bitcoin.de. A few months later they finally connected to a bank. How did I buy my bitcoins? Simple: I just wired the money to the seller directly. Bitcoin.de just hold the bitcoins. On the other hand: How do you get money to an online casino?

"Morality, it could be argued, represents the way that people would like the world to work - whereas economics represents how it actually does work." Freakonomics
roslinpl
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April 10, 2014, 01:49:11 PM
 #43

I am so over this never ending story.... Its been known for the last 2-3 months for fuck sake

Fuck the chinese and the horse they rode in on BITCOIN  > CHINA

Why do we need them ...really ...just like gox, disappear and be done with it

I agree ... but we must know that China was a huge part of Bitcoin society ...
I guess 50% traders were from China ...

But I think so too! We do not need them. And I am 99% they will never abandon Bitcoin ship x)
Mikellev
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April 10, 2014, 01:51:18 PM
 #44

The chinese exchanges will just move the servers outside of China or in Hong Kong.......just a minor delay for the rocket launch

Tell me, how will money move in and out of those exchanges?

I bought my coins at bitcoin.de. A few months later they finally connected to a bank. How did I buy my bitcoins? Simple: I just wired the money to the seller directly. Bitcoin.de just hold the bitcoins. On the other hand: How do you get money to an online casino?

You seem to life in a free country. Chinese cant do that that way.
YipYip (OP)
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April 10, 2014, 08:37:56 PM
 #45

I am so over this never ending story.... Its been known for the last 2-3 months for fuck sake

Fuck the chinese and the horse they rode in on BITCOIN  > CHINA

Why do we need them ...really ...just like gox, disappear and be done with it

I agree ... but we must know that China was a huge part of Bitcoin society ...
I guess 50% traders were from China ...

But I think so too! We do not need them. And I am 99% they will never abandon Bitcoin ship x)


Pure speculation @ the moment .. I watched as 3 million dollars tried to break the 400 mark ...

They waited until teh market was thin and hit it again with another 4 million dollars ..finally they broke the 400 mark .. guess what we are still @ 392

The so called race to the bottom has not happened... Bring on march 15 and lets get rid of the CHINA question

I can tell you that the smart money is not getting out and as has been pointed out they will move it offshore

I fully agree that if china wanted to BAN crypto ..they could limit it so much that the CHinese effect would be marginal ....but they dont ..I think it is the same as in a lot of things in chinese soiciety they want to limit it to a few and not the masses

LONG LIVE REPRESSIVE REGIMES and delicious special fried chikun

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leopard2
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April 10, 2014, 08:52:07 PM
 #46

I am so over this never ending story.... Its been known for the last 2-3 months for fuck sake

Fuck the chinese and the horse they rode in on BITCOIN  > CHINA

Why do we need them ...really ...just like gox, disappear and be done with it

I agree ... but we must know that China was a huge part of Bitcoin society ...
I guess 50% traders were from China ...

But I think so too! We do not need them. And I am 99% they will never abandon Bitcoin ship x)


AFAIK around 60% of volume was Chinese

So 400-500 would be the neutral China free price. However there was Gox, and there is a lot of emotion now, we could go as low as $260-270, back to the old high last year.

That high of 266, btw., was achieved without almost any Chinese speculation at all.

And infrastructure is much, much better now. THE FALL FROM 266 TO 50 WAS BECAUSE OF MTGOX TRADING ENGINE DELAY REMEMBER?

I wish there was good info on how much BTC is actually owned/sold by Chinese and how much of this drop is caused by Westerners panic selling  Sad

Truth is the new hatespeech.
YipYip (OP)
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April 10, 2014, 09:04:37 PM
 #47

I am so over this never ending story.... Its been known for the last 2-3 months for fuck sake

Fuck the chinese and the horse they rode in on BITCOIN  > CHINA

Why do we need them ...really ...just like gox, disappear and be done with it

I agree ... but we must know that China was a huge part of Bitcoin society ...
I guess 50% traders were from China ...

But I think so too! We do not need them. And I am 99% they will never abandon Bitcoin ship x)


AFAIK around 60% of volume was Chinese

So 400-500 would be the neutral China free price. However there was Gox, and there is a lot of emotion now, we could go as low as $260-270, back to the old high last year.

That high of 266, btw., was achieved without almost any Chinese speculation at all.

And infrastructure is much, much better now. THE FALL FROM 266 TO 50 WAS BECAUSE OF MTGOX TRADING ENGINE DELAY REMEMBER?

I wish there was good info on how much BTC is actually owned/sold by Chinese and how much of this drop is caused by Westerners panic selling  Sad

I agree it was us white devils that actually broke the 400 mark...

It is a dark day for crypto @ the moment I still have 75% of my fiat on the sidelines ...

The fundamentals will turn the market soon ... currently both LTC & BTC cant be mined for the prices that are @ spot ...at some point the this will start to bite by miners wont sell for less than there cost base or there will be wholesale removal of hash power from teh network

Sitting on hands until 18th

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