DieJohnny (OP)
Legendary
 Offline
Activity: 1639
Merit: 1006
|
 |
January 07, 2016, 03:13:48 AM |
|
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...........
|
Those who hold and those who are without property have ever formed distinct interests in society
|
|
|
|
brg444
|
|
January 07, 2016, 03:16:30 AM |
|
If China plummets it's bringing everything else with it.
So yes, hold on to your seats.
|
"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
|
|
|
khash4u
Member
Offline
Activity: 97
Merit: 10
|
|
January 07, 2016, 03:19:01 AM |
|
What happen in Cyprus?
|
Join Binance Exchange today with instant trading on all major crypto tokens 0.1% Trade Fee. 24h Withdrawal Limit：2BTC for unverified accounts / Verified accounts 24h Withdrawal Limit：100BTC BINANCE Worlds largest Exchange |
|
|
|
abs350
|
|
January 07, 2016, 03:19:31 AM |
|
China is where 99% of the mining goes on. So if china goes down bitcoin may well collapse.  |
|
|
|
DieJohnny (OP)
Legendary
Offline
Activity: 1639
Merit: 1006
|
|
January 07, 2016, 03:26:06 AM |
|
|
Those who hold and those who are without property have ever formed distinct interests in society
|
|
|
DieJohnny (OP)
Legendary
Offline
Activity: 1639
Merit: 1006
|
|
January 07, 2016, 03:26:57 AM |
|
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 |
Those who hold and those who are without property have ever formed distinct interests in society
|
|
|
richardsNY
Legendary
Offline
Activity: 1232
Merit: 1091
|
|
January 07, 2016, 03:39:01 AM |
|
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.
|
|
|
|
|
Ibian
Legendary
Offline
Activity: 2268
Merit: 1278
|
|
January 07, 2016, 03:41:55 AM |
|
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.
|
Look inside yourself, and you will see that you are the bubble.
|
|
|
~Bitcoin~
Legendary
Offline
Activity: 994
Merit: 1000
|
|
January 07, 2016, 03:42:26 AM |
|
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 ? |
| ligma | | | | ███
███
█ ███
█ ███
█ ███
█ ███
█ ███
█ ███
█ ███
█ ███
█ ███
███
███ | | ███
███
███ █
███ █
███ █
███ █
███ █
███ █
███ █
███ █
███ █
███
███ | | |
|
|
|
Ibian
Legendary
Offline
Activity: 2268
Merit: 1278
|
|
January 07, 2016, 03:46:28 AM |
|
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. |
Look inside yourself, and you will see that you are the bubble.
|
|
|
|
MatTheCat
|
|
January 07, 2016, 04:15:32 AM |
|
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. |
|
|
|
|
Arcteryx
|
|
January 07, 2016, 05:29:23 AM |
|
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. |
| .......High ROI Social Ethereum Games
........BENEFITS WHITEPAPER ANN THREAD GITHUB REDDIT TWITTER........ |
░░░░░░░░░░░▄██████████████▀░░░░░
░░░░░░░░▄█████████████▀▀░░░░░░░░
░░░░░░▄██████▀░░░░░░░░░░░░░░░░░░
░░░░░██████▀░░░░░░░░░░░░░░░░░░░░
░░░░░██████░░░░░░░░░░░░░░░░░░░░░
░░░░░░██████▄░░░░░░░░░░░░░░░░░░
░░░░░░░▀███████████████████▄░░░░
░░░░░░░░░▀▀██████████████████▄░░
░░░░░░░░░░░░░░░░░░░░░░░███████░░
░░░░░░░░░░░░░░░░░░░░▄▄██████▀░░░
░░░░░░░▄█████████████████▀▀░░░░░
░░░░░▄████████████████▀▀░░░░░░░░......................
|
|
|
|
lottery248
Legendary
Offline
Activity: 1568
Merit: 1005
beware of your keys.
|
|
January 07, 2016, 06:24:01 AM |
|
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. |
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
|
|
|
NorrisK
Legendary
Offline
Activity: 1946
Merit: 1007
|
|
January 07, 2016, 07:10:48 AM |
|
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. |
|
|
|
|
khash4u
Member
Offline
Activity: 97
Merit: 10
|
|
January 07, 2016, 07:36:16 AM |
|
Here I was thinking you had something new to post  |
Join Binance Exchange today with instant trading on all major crypto tokens 0.1% Trade Fee. 24h Withdrawal Limit：2BTC for unverified accounts / Verified accounts 24h Withdrawal Limit：100BTC BINANCE Worlds largest Exchange |
|
|
gizmoh
Legendary
Offline
Activity: 1428
Merit: 1000
|
|
January 07, 2016, 07:57:12 AM |
|
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. |
How Ripple Rips you: "The founders of Ripple Labs created 100 billion XRP at Ripple's inception. No more can be created according to the rules of the Ripple protocol. Of the 100 billion created, 20 billion XRP were retained by the creators, seeders, venture capital companies and other founders. The remaining 80 billion were given to Ripple Labs. Ripple Labs intends to distribute and sell 55 of that 80 billion XRP to users and strategic partners. Ripple Labs also had a giveaway of under 200 million XRP (0.002% of all XRP) via World Community Grid that was later discontinued.[29] Ripple Labs will retain the remaining 25 billion"
|
|
|
|
bitlancr
|
|
January 07, 2016, 08:16:12 AM |
|
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.
|
|
|
|
|
Elwar
Legendary
Offline
Activity: 3598
Merit: 2386
Viva Ut Vivas
|
|
January 07, 2016, 09:42:45 AM |
|
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. |
First seastead company actually selling sea homes: Ocean Builders https://ocean.builders Of course we accept bitcoin. |
|
|
|
Newcoins2020
|
|
January 07, 2016, 10:31:30 AM |
|
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. |
|
|
|
|
|
flagpara
|
|
January 07, 2016, 10:37:02 AM |
|
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! |
|
|
|
|
