Ibian
Legendary
Offline
Activity: 2268
Merit: 1278
|
|
January 07, 2016, 11:25:44 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! The rules are what they are until they change, which they will as soon as it becomes convenient. Link incoming.
|
Look inside yourself, and you will see that you are the bubble.
|
|
|
|
Amph
Legendary
Offline
Activity: 3248
Merit: 1070
|
|
January 07, 2016, 11:28:17 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 ? no in fact they own 60% only, maybe this % is bigger now, but is nowhere near 80% let alone 99%
|
|
|
|
WhatTheGox
Legendary
Offline
Activity: 812
Merit: 1000
|
|
January 07, 2016, 11:36:18 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...........
Yeah i think if china goes the world is going to change at least for a while. I run my current business mostly around buying crap from china like a gazillion other people. I'd like to see what happens.
|
|
|
|
gentlemand
Legendary
Offline
Activity: 2590
Merit: 3014
Welt Am Draht
|
|
January 07, 2016, 11:54:25 AM |
|
It's decades away from being any type of safe haven, if ever. It'll be the first thing to go in anyone's portfolio if times become hard. If your choice is being homeless or hanging on to one's bet for a future which may never arrive then I'd go for a roof over my head.
|
|
|
|
Elwar
Legendary
Offline
Activity: 3598
Merit: 2386
Viva Ut Vivas
|
|
January 07, 2016, 01:24:43 PM |
|
Interesting. Pretty shitty law. I did see something about a year ago where they want to change the wording of bank deposits to investments. That way the money you deposit is no longer your money, you have given it to the bank to invest as they wish. If they lose money while investing your money, they will not be held accountable legally.
|
First seastead company actually selling sea homes: Ocean Builders https://ocean.builders Of course we accept bitcoin.
|
|
|
Ibian
Legendary
Offline
Activity: 2268
Merit: 1278
|
|
January 07, 2016, 01:33:25 PM |
|
Interesting. Pretty shitty law. I did see something about a year ago where they want to change the wording of bank deposits to investments. That way the money you deposit is no longer your money, you have given it to the bank to invest as they wish. If they lose money while investing your money, they will not be held accountable legally. An investment with a 0% return is a pretty shitty investment.
|
Look inside yourself, and you will see that you are the bubble.
|
|
|
UnDerDoG81
Legendary
Offline
Activity: 2179
Merit: 1201
|
|
January 07, 2016, 01:47:46 PM |
|
Well, people said that Cyprus was a test for Europe. They tested how people react when the government takes their money. People who said this got called conspirancy theorists. As so often. And as so often, those conspirancy theorists were right.
|
|
|
|
Ibian
Legendary
Offline
Activity: 2268
Merit: 1278
|
|
January 07, 2016, 02:09:35 PM |
|
Well, people said that Cyprus was a test for Europe. They tested how people react when the government takes their money. People who said this got called conspirancy theorists. As so often. And as so often, those conspirancy theorists were right. In fact I used those exact words at the time. They wanted to see what they could get away with, and now they know, and so they will do it.
|
Look inside yourself, and you will see that you are the bubble.
|
|
|
DieJohnny (OP)
Legendary
Offline
Activity: 1639
Merit: 1006
|
|
January 07, 2016, 02:15:42 PM |
|
It's decades away from being any type of safe haven, if ever. It'll be the first thing to go in anyone's portfolio if times become hard. If your choice is being homeless or hanging on to one's bet for a future which may never arrive then I'd go for a roof over my head.
current movement with china tanking says otherwise. For the poor bitcoin is out of reach, but for the rich, you are going to watch while your fortunes disappear?
|
Those who hold and those who are without property have ever formed distinct interests in society
|
|
|
gentlemand
Legendary
Offline
Activity: 2590
Merit: 3014
Welt Am Draht
|
|
January 07, 2016, 05:09:03 PM |
|
current movement with china tanking says otherwise. For the poor bitcoin is out of reach, but for the rich, you are going to watch while your fortunes disappear?
The rich have land, property and other assets. Bitcoin is microscopic and painfully illiquid. It has the future potential to be something special but I think it's naive to think of it as a genuine contender in its present condition.
|
|
|
|
abs350
|
|
January 07, 2016, 05:16:32 PM |
|
Well, people said that Cyprus was a test for Europe. They tested how people react when the government takes their money. People who said this got called conspirancy theorists. As so often. And as so often, those conspirancy theorists were right.
yes yes.... its all a conspiracy.......
|
|
|
|
DieJohnny (OP)
Legendary
Offline
Activity: 1639
Merit: 1006
|
|
January 07, 2016, 05:30:30 PM |
|
current movement with china tanking says otherwise. For the poor bitcoin is out of reach, but for the rich, you are going to watch while your fortunes disappear?
The rich have land, property and other assets. Bitcoin is microscopic and painfully illiquid. It has the future potential to be something special but I think it's naive to think of it as a genuine contender in its present condition. Answer this question. Every week Bitcoin becomes more and more liquid... true or false..... Bitcoin liquidity even compared to 2013 is insanely better today. What is more important is that bitcoin has everything that allows it to become the MOST liquid of ANY asset period. Why ignore the obvious simply because today you can't unload 25 million in bitcoin at market....?
|
Those who hold and those who are without property have ever formed distinct interests in society
|
|
|
johnyj
Legendary
Offline
Activity: 1988
Merit: 1012
Beyond Imagination
|
|
January 07, 2016, 06:12:08 PM |
|
The next bubble burst will be china, once china's economy has done its course, trillions of dollar will try to leave china through bitcoin due to capital control
|
|
|
|
jehst
|
|
January 07, 2016, 06:37:28 PM |
|
|
Year 2021 Bitcoin Supply: ~90% mined Supply Inflation: <1.8%
|
|
|
Denker
Legendary
Offline
Activity: 1442
Merit: 1016
|
|
January 07, 2016, 07:34:57 PM |
|
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.
Well then it would be wise not to deposit all your money at your bank right?! Buy gold and store it at home.Buy Bitcoin and put it in cold storage. "And then what?",one might ask. Answer: Just wait!!
|
|
|
|
n691309
Legendary
Offline
Activity: 1526
Merit: 1001
|
|
January 07, 2016, 07:40:11 PM |
|
I don't think that Cyprus is the reason why bitcoin price has been increased today, people are getting back from vacation and started investing a little bit in bitcoin.
|
|
|
|
Guido
Legendary
Offline
Activity: 1061
Merit: 1001
|
|
January 07, 2016, 07:41:25 PM |
|
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...........
http://www.bbc.co.uk/news/business-35248798Should we be worried? China is responsible for 17% of all the world's economic activity, so any downturn in spending there affects the rest of the world.
|
I am Bonkers BTW Crypto OG + Digital Artist
|
|
|
gentlemand
Legendary
Offline
Activity: 2590
Merit: 3014
Welt Am Draht
|
|
January 07, 2016, 07:46:06 PM |
|
Answer this question. Every week Bitcoin becomes more and more liquid... true or false.....
Bitcoin liquidity even compared to 2013 is insanely better today.
What is more important is that bitcoin has everything that allows it to become the MOST liquid of ANY asset period. Why ignore the obvious simply because today you can't unload 25 million in bitcoin at market....?
True indeed. That still doesn't make it ready or desirable as a safe haven in any upcoming giant financial crisis for more than a handful of people. It may well be in the years to come but there's a lot of stuff that needs ironing out and vastly more volume is required for it to be a practical choice for large numbers.
|
|
|
|
DieJohnny (OP)
Legendary
Offline
Activity: 1639
Merit: 1006
|
|
January 08, 2016, 12:12:06 AM |
|
Answer this question. Every week Bitcoin becomes more and more liquid... true or false.....
Bitcoin liquidity even compared to 2013 is insanely better today.
What is more important is that bitcoin has everything that allows it to become the MOST liquid of ANY asset period. Why ignore the obvious simply because today you can't unload 25 million in bitcoin at market....?
True indeed. That still doesn't make it ready or desirable as a safe haven in any upcoming giant financial crisis for more than a handful of people. It may well be in the years to come but there's a lot of stuff that needs ironing out and vastly more volume is required for it to be a practical choice for large numbers. Well for a very large class of human Bitcoin is liquid enough right now. The market decides what is a safe haven, you do not, when economy goes down and your asset goes up in value it is a haven for those with buying power. Bitcoin right now simply proves you wrong. Bitcoin is up while the world market is down...... just a fact
|
Those who hold and those who are without property have ever formed distinct interests in society
|
|
|
|