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RAJSALLIN
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December 18, 2013, 10:17:48 AM |
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Well we are close to bottoming. Think there is about one last wash or two left then we go up. Could linger here for a few hours but don't think days. Bought back most of what I sold at 900 and 1100. Still some last bids left.
Discuss.
Yeah, basically several billion humans found out today that they are not allowed to invest in bitcoin exchanges. I do not think we have hit a bottom. Discuss. You are over reacting. The market has fallen a lot already. People are getting bearish in hear as well. Kind of funny how everyone was bullish here a few days ago when we were at 900. Yes that was prior to Chineese news but technically it looked awful. You must understand that the price drop has de-leveraged the risk quite a lot now. Technically we look much better off now than 3 days ago. Discuss. You bought back too early. Most likely true. But I'm happy with the more than $400 price difference I got. A little bit more isn't going to make a huge difference. Plus when we do bottom we are most likely going to go up fast so hitting the exact bottom isn't easy. Discuss. |
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Davyd05
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December 18, 2013, 10:17:55 AM |
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Did you listen to Bobby on the phone? I am for sure imagining those 3rd parties just self censoring and then China will be like ok use the central bank only  |
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windjc
Legendary
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Activity: 2156
Merit: 1070
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December 18, 2013, 10:18:41 AM |
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China in the 3xxs.
D I S C U S S
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accord01
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December 18, 2013, 10:19:19 AM |
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whahahwejaahaha china below 380 usd!!!!!
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seleme
Legendary
Offline
Activity: 2772
Merit: 1028
Duelbits.com
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December 18, 2013, 10:20:05 AM |
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Cheap alts all over the place.. Nom, nom  |
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spooderman
Legendary
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Activity: 1652
Merit: 1029
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December 18, 2013, 10:21:59 AM |
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ok so someone summarise the past 10 hours of panic for me please? Is it all basically proudhon trolling?
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Davyd05
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December 18, 2013, 10:22:31 AM |
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Well Chinese exchanges can only sell now, what if the sell all the way to 0, will other exchanges follow?
uh they can buy as well.. but the can't deposit new money.. SO perhaps everyone is going full fiat for some reason like China closing the exchanges without China actually evening mentioning that |
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traderCJ
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December 18, 2013, 10:22:35 AM |
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guess Chinese people don't understand that disabled exchanges will mean price will sky rocket for bitcoin because there will be no easy way to buy them. And they will need them to move wealth out of the country.
Good point. This occurred to me, too. But I don't think this will be the overwhelming sentiment: 1) Chinese regulators have been saying one thing and doing another behind the scenes. What else do they have cooked up? You can deposit from an exchange to a bank account still, but for how long? 2) De-coupling exchanges from banks is a blow to the legitimacy and value of the coin. 3) No easy channel for fiat -> exchange means a serious limit to speculative capital coming in from China. 4) The Chinese anticipate a big drop because of this regulation and will dump their coins on whatever exchange they can. 5) Sure, Bitcoin will still act as a vehicle for moving wealth out of China, but it gets to a point where it is so difficult to do that your typical person will find other options. Basically, if the typical Chinese bitcoin investor wore his long-term thinking cap, there wouldn't be much of a correction. I just don't think that will be the case. |
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Rannasha
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December 18, 2013, 10:22:44 AM |
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ok so someone summarise the past 10 hours of panic for me please? Is it all basically proudhon trolling?
BTCChina (and other Chinese exchanges) stopped accepting CNY deposits. |
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accord01
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December 18, 2013, 10:22:56 AM |
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Well Chinese exchanges can only sell now, what if the sell all the way to 0, will other exchanges follow?
Yep then youll be selling bitcoins for .0001 usd |
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samsam
Newbie
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Activity: 42
Merit: 0
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December 18, 2013, 10:23:06 AM |
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Well Chinese exchanges can only sell now, what if the sell all the way to 0, will other exchanges follow?
The non-Chinese exchanges won't liquidate. There will be a race to see who can buy at the bottom though. |
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ajax3592
Full Member
Offline
Activity: 210
Merit: 100
Crypto News & Tutorials - Coinramble.com
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December 18, 2013, 10:25:01 AM |
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$425 on CNY, that means trend is still downwards  Stop looking at CNY, noobs Their market is rigged completely manipulated by the officials. Can you connect the dots now ? Or you still believe Mt.Gox does not follow CNY. $380 on CNY now btw |
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traderCJ
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December 18, 2013, 10:25:08 AM |
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Technically we look much better off now than 3 days ago.
Technicals, schmechnicals. This is 100% mass psychology. Discuss. Hehe I've basically called this drop exactly how it's happened using technicals. If you want to trade using mass psychology be my guest. If you want to sell some coins to me now I'll buy them. Discuss. Oh really, your technicals indicated Chinese regulations inbound? Go sell your bullshit somewhere else. Discuss. |
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San1ty
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December 18, 2013, 10:26:11 AM |
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Well Chinese exchanges can only sell now, what if the sell all the way to 0, will other exchanges follow?
Yep then youll be selling bitcoins for .0001 usd Look guys let's face the inevitable... This thing is going to go to 0, but I'm offering you a way out! I'll be buying any amount of BTC you have for 1 USD / BTC! If you compare that with .0001 USD that's a 10000% Increase in value. Contact me via PM! |
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seleme
Legendary
Offline
Activity: 2772
Merit: 1028
Duelbits.com
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December 18, 2013, 10:26:13 AM |
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Technically we look much better off now than 3 days ago.
Technicals, schmechnicals. This is 100% mass psychology. Discuss. Hehe I've basically called this drop exactly how it's happened using technicals. If you want to trade using mass psychology be my guest. If you want to sell some coins to me now I'll buy them. Discuss. Oh really, your technicals indicated Chinese regulations inbound? Go sell your bullshit somewhere else. Discuss. Drop was about to happen to be honest, China news just made it happen faster and maybe on the bigger scale. |
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600watt
Legendary
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Activity: 2338
Merit: 2106
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December 18, 2013, 10:26:37 AM |
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Clayce
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December 18, 2013, 10:28:29 AM |
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fuck trolls... $870 by xmas |
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seriouscoin
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December 18, 2013, 10:29:54 AM |
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Did you listen to Bobby on the phone? I am for sure imagining those 3rd parties just self censoring and then China will be like ok use the central bank only He sounds either stupid/naive or completely lying. Is this his first time ever interact with the CCP? Ofcourse they will allow exchange to operate, its "basic right "  But they wont allow any banks or payment system to deal with exchange..... what does that mean Bobby? whats that? oh.... now you know how CCP works huh? Too late. Time to close up shop and move. Not to mention: hes pretendind like wealth transferring isnt an issue with China..... really? Fucking liar. I bet he dumped first. |
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