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Author Topic: Rising on twitter - NYSE halted. Bitcoin unaffected.  (Read 486 times)
Albert Hamilton
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July 08, 2015, 07:37:45 PM
 #1

https://twitter.com/100bitcoin/status/618852717948235776
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ebliever
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July 08, 2015, 08:08:36 PM
 #2

Interesting news in China, word is the authorities are saying no one with a 5% stake in a company will be allowed to sell... for 6 months. If that is real, it's like someone setting off a nuclear explosion. Hard to say how it will impact crypto in the immediate near term (hard to flee to bitcoin if your investments are locked up), but things are going to get _real_ interesting. How it all fits with the NYSE issue is another matter for speculation as well...

EDIT: Here's a link: http://www.bloomberg.com/news/articles/2015-07-08/china-bans-stock-sales-by-major-shareholders-for-six-months

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bitllionaire
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July 08, 2015, 08:09:10 PM
 #3

Why would be bitcoin affected by NYSE?


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ebliever
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July 08, 2015, 08:10:20 PM
 #4

His point was that bitcoin is immune to the vagaries of centralized trading authorities.

Luke 12:15-21

Ephesians 2:8-9
acejudas
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July 08, 2015, 09:11:09 PM
 #5

I'd say Bitcoin is being affected in a positive way from the NYSE halting. Plenty of people want a piece of the crypto pie and this is just the latest excuse to get in on the action.
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July 08, 2015, 10:14:27 PM
 #6

Unfortunately most traders only have eyes for their beloved fiat Roll Eyes And they're not setting foot on Bitcoin anytime soon. Maybe it's for the best... Sometimes it's not worse to keep out people who just want a quick buck.

They're also not moving to Bitcoin because they're afraid of getting burnt... Cheesy So they'll probably just enjoy a vacation day with this outage.


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Slark
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July 08, 2015, 10:43:02 PM
 #7

From what I could read on news and twitter it was fail of NYSE's network, nothing more, there was no hacker attack or anything. And It's not that Bitcoin is invulnerable to problems.
We can be targeted despite our decentralization. Just look at current Forum's header:

"If you are using any wallet other than Bitcoin Core 0.10.x or 0.9.5, then you should not trust incoming transactions until they have ~30 confirmations"

Simple fork split caused situation where transactions were compromised.

NorrisK
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July 08, 2015, 10:46:07 PM
 #8

Still, bitcoin trading isn't halted because of the 30 transaction news stuff.. Bitcoiny trading is live 24/7, despite any problems..

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July 08, 2015, 11:22:36 PM
 #9

that's the beauty of bitcoin. it's available 24/7 and will always work. if they at some point decide to adopt the technology that powers bitcoin, they will also benefit from it. failure then is nearly impossible.
melody82
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July 09, 2015, 01:05:27 AM
 #10

Interesting news in China, word is the authorities are saying no one with a 5% stake in a company will be allowed to sell... for 6 months. If that is real, it's like someone setting off a nuclear explosion. Hard to say how it will impact crypto in the immediate near term (hard to flee to bitcoin if your investments are locked up), but things are going to get _real_ interesting. How it all fits with the NYSE issue is another matter for speculation as well...

EDIT: Here's a link: http://www.bloomberg.com/news/articles/2015-07-08/china-bans-stock-sales-by-major-shareholders-for-six-months

Woah.  I heard that the government is buying stocks, but this is new to me.  Things must be really falling apart over there.  And these days everything is linked so I would expect a crash in china to reverberate to European and USA markets too.
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