DieJohnny (OP)
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January 07, 2016, 03:13:48 AM |
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So far the largest financial crisis to impact Bitcoin has been Cyprus. What a tiny tiny tiny tiny little country.
What happens when China plummets...........
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Those who hold and those who are without property have ever formed distinct interests in society
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brg444
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January 07, 2016, 03:16:30 AM |
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If China plummets it's bringing everything else with it.
So yes, hold on to your seats.
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"I believe this will be the ultimate fate of Bitcoin, to be the "high-powered money" that serves as a reserve currency for banks that issue their own digital cash." Hal Finney, Dec. 2010
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khash4u
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January 07, 2016, 03:19:01 AM |
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What happen in Cyprus?
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abs350
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January 07, 2016, 03:19:31 AM |
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China is where 99% of the mining goes on. So if china goes down bitcoin may well collapse.
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DieJohnny (OP)
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January 07, 2016, 03:26:06 AM |
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Those who hold and those who are without property have ever formed distinct interests in society
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DieJohnny (OP)
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January 07, 2016, 03:26:57 AM |
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China is where 99% of the mining goes on. So if china goes down bitcoin may well collapse. shutting down those miners would be the best thing that happened..... Just don't ban bitcoin please
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Those who hold and those who are without property have ever formed distinct interests in society
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richardsNY
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January 07, 2016, 03:39:01 AM |
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We are in a completely different time period right now. Bitcoin has matured and isn't very news responsive anymore. I am sure some old fashion investors will switch to Bitcoin, but that will happen anyway as they see Bitcoin has a lot room for growth.
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Ibian
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January 07, 2016, 03:41:55 AM |
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As of jan 1st 2016 it became legal for the banks to raid private accounts in euro countries. Forget china, the entire western world is about to collapse.
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Look inside yourself, and you will see that you are the bubble.
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~Bitcoin~
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January 07, 2016, 03:42:26 AM |
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China is where 99% of the mining goes on. So if china goes down bitcoin may well collapse. I dont think they have 99% mining power, can you provide a link where it is stated ?
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| ligma | | | | ███ ███ █ ███ █ ███ █ ███ █ ███ █ ███ █ ███ █ ███ █ ███ █ ███ ███ ███ | | ███ ███ ███ █ ███ █ ███ █ ███ █ ███ █ ███ █ ███ █ ███ █ ███ █ ███ ███ | | |
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Ibian
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January 07, 2016, 03:46:28 AM |
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China is where 99% of the mining goes on. So if china goes down bitcoin may well collapse. I dont think they have 99% mining power, can you provide a link where it is stated ? People love to exaggerate.
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Look inside yourself, and you will see that you are the bubble.
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MatTheCat
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January 07, 2016, 04:15:32 AM |
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What happen in Cyprus?
The 'Bail-ins'. A 'fundamental event' indeed......which powered the MtGox 'Willy Bot' manipulated April 2013 ramp with the necesarry emotional fuel, if not actually physically driving it via Cypriots fleeing into Bitcoin to escape the bail-ins.....after all, how the fuck they going to buy Bitcoins, on a Bitcoin exchange, with their Fiat, if their government just declared a 'bank holiday'? As of jan 1st 2016 it became legal for the banks to raid private accounts in euro countries. Forget china, the entire western world is about to collapse.
If that is the case, then your Bitcoin investments will truly turn to dust, except perhaps for a brief moment somewhere between the flash, and the bang.
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Arcteryx
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January 07, 2016, 05:29:23 AM |
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As of jan 1st 2016 it became legal for the banks to raid private accounts in euro countries. Forget china, the entire western world is about to collapse.
First I have heard of this. Might aid in bitcoins growth as more will put their confidence into to it further while turning away from the banks that are holding their current currency for ransom.
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lottery248
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beware of your keys.
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January 07, 2016, 06:24:01 AM |
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China is where 99% of the mining goes on. So if china goes down bitcoin may well collapse. shutting down those miners would be the best thing that happened..... Just don't ban bitcoin please sure, we need more independent miners, not just those Chinese miners. we want decentralization, instead of mining power centralization in bitcoin.
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out of ability to use the signature, i want a new ban strike policy that will fade the strike after 90~120 days of the ban and not to be traced back, like google | email me for anything urgent, message will possibly not be instantly responded i am not really active for some reason
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NorrisK
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January 07, 2016, 07:10:48 AM |
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So far the largest financial crisis to impact Bitcoin has been Cyprus. What a tiny tiny tiny tiny little country.
What happens when China plummets...........
LOL, another clueless person who has no idea about China. China would be the last country to plummet. US media/propaganda likes you to believe that, but China is far from even being in a recession. China won't plummet in any of our life times. USA or UK on the other hand, who knows... Indeed, their growth is just less than previous years. Their growth is slowing down, not their economy. Pumps like this are not likely from fleeing people though, more likely some single buyers who draw in the day traders.
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khash4u
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January 07, 2016, 07:36:16 AM |
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Here I was thinking you had something new to post
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gizmoh
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January 07, 2016, 07:57:12 AM |
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China is where 99% of the mining goes on. So if china goes down bitcoin may well collapse. shutting down those miners would be the best thing that happened..... Just don't ban bitcoin please Do you think PBOC will sit and watch china-man evade the yuan control through btc? They'll force close down chinese exchanges at the very least should btc gain traction as an evasion method.
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bitlancr
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January 07, 2016, 08:16:12 AM |
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Well the Chinese had to deal with some losses, they closed their markets earlier than usual, I guess what would happen is that whenever something goes down, bitcoin goes up again.
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Elwar
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Viva Ut Vivas
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January 07, 2016, 09:42:45 AM |
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As of jan 1st 2016 it became legal for the banks to raid private accounts in euro countries. Forget china, the entire western world is about to collapse.
Any links for this? I recall them working on it but have not seen anything since then.
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First seastead company actually selling sea homes: Ocean Builders https://ocean.builders Of course we accept bitcoin.
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Newcoins2020
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January 07, 2016, 10:31:30 AM |
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China is where 99% of the mining goes on. So if china goes down bitcoin may well collapse. The Chinese market went down to the red marks yesterday and bitcoin went up while this happened. So I think the opposite will happen with bitcoin when the china goes down.
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flagpara
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January 07, 2016, 10:37:02 AM |
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As of jan 1st 2016 it became legal for the banks to raid private accounts in euro countries. Forget china, the entire western world is about to collapse.
Any links for this? I recall them working on it but have not seen anything since then. Didn't happen, will not happen. Much more complicated than this. Government can take money from your account to repay bank debts, but only accounts with more than 100k€ So not a lot of people!
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