Lauda
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Activity: 2674
Merit: 2965
Terminated.
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February 09, 2017, 02:53:51 PM |
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Ideas on what's next? I called the dip just a few minutes before it happened. It went down to $910-920 on Bitstamp within seconds. Is it over yet, or are we going to see more action once China wakes up?  |
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The Bitcoin network protocol was designed to be extremely flexible. It can be used to create timed transactions, escrow transactions, multi-signature transactions, etc. The current features of the client only hint at what will be possible in the future.
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Torque
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Activity: 3556
Merit: 5041
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February 09, 2017, 02:54:55 PM |
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I'm actually not enjoying this price drop. It's beginning to hurt my eyes seeing these numbers.
Today started so well and looked so bullish. It just shows btc hasn't grown up fully and can be battered at any moment. This will not help ETF
Actually it absolutely WILL help the ETF. I believe this is being done in support of the ETF being approved. They've had years to implement this. So what other reason would there be to rush KYC/AML implementation and have it done exactly 4 weeks from today? |
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ImI
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Activity: 1946
Merit: 1019
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February 09, 2017, 02:54:57 PM |
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"Somehow, they perceive the high price and the rising price as a threat," said one exchange executive speaking under condition of anonymity. If that's the situation we could see some more action out of the PBoC as soon as we break the ATH. At the moment it seems like 1000$ seems to be some kind of magical number to them that they dont want BTC to break. Everytime we break 1000$ they come up with some new bullshit. |
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Pug
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Activity: 65
Merit: 10
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February 09, 2017, 02:55:03 PM |
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Guy's at PBOC wanna earn some money for themselves, worked out every time  |
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RayX12
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February 09, 2017, 02:55:21 PM |
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This could be the real last chance to buy bitcoin below $1000??
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promomei
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February 09, 2017, 02:58:55 PM |
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This could be the real last chance to buy bitcoin below $1000??
last chance to sell it  |
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alexout
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February 09, 2017, 02:59:10 PM |
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With the PBOC announcement, if you don't think it will go down further you are delusional.
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podyx
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Activity: 2338
Merit: 1035
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February 09, 2017, 02:59:51 PM |
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With the PBOC announcement, if you don't think it will go down further you are delusional.
How serious is it? Chinese exchanges couldn't withdraw bitcoin right? |
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HI-TEC99
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Activity: 2772
Merit: 2846
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February 09, 2017, 03:00:27 PM |
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Guy's at PBOC wanna earn some money for themselves, worked out every time Can you make an account at either Huobi or OKcoin without giving KYC information provided you don't withdraw fiat? If you can and either exchange suddenly demands KYC information from everyone there will be some customers who would rather lose their Bitcoins than provide KYC. The PBOC could demand those exchanges hand all those unclaimed Bitcoins to it, then do US style auctions. |
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Lauda
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Activity: 2674
Merit: 2965
Terminated.
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February 09, 2017, 03:00:55 PM |
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With the PBOC announcement, if you don't think it will go down further you are delusional.
How serious is it? Chinese exchanges couldn't withdraw bitcoin right? Basically you can buy BTC/LTC but you can't withdraw any of it. You can only withdraw fiat. This should create even more sell pressure. |
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rjclarke2000
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Activity: 1358
Merit: 1016
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February 09, 2017, 03:01:22 PM |
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This could be the real last chance to buy bitcoin below $1000??
Ha ha, I keep seeing this! |
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Biodom
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Activity: 3752
Merit: 3869
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February 09, 2017, 03:02:16 PM |
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I'm actually not enjoying this price drop. It's beginning to hurt my eyes seeing these numbers.
Today started so well and looked so bullish. It just shows btc hasn't grown up fully and can be battered at any moment. This will not help ETF
Actually it absolutely WILL help the ETF. I believe this is being done in support of the ETF being approved. They've had years to implement this. So what other reason would there be to rush KYC/AML implementation and have it done exactly 4 weeks from today? I seconded it on the other thread. Bitcoin's Manifest destiny, man. |
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European Central Bank
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Activity: 1288
Merit: 1087
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February 09, 2017, 03:03:24 PM |
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Still the effect of real news is not bigger than the January fall to $800 and lower that happened for no concrete reason, at least until now
I guess the chinese are getting less power in the price, what their next move will be?
Next step would obv be to close a small exchange. Then, after several smaller ones, proceed with the bigger ones. Then go after the miners. Then go after every retailer that accepts BTC. there are no retailers in china. the only thing in china is mining and exchanges. losing the mining is alarming, i dunno how things would pan out if they did or even whether it's possible. exchanges, let's get it over with. |
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podyx
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Activity: 2338
Merit: 1035
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February 09, 2017, 03:07:04 PM |
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Man everything was looking so good.
And then cocksucking PBoC comes and ruins it
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NeuroticFish
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Activity: 3668
Merit: 6383
Looking for campaign manager? Contact icopress!
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February 09, 2017, 03:11:30 PM |
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Man everything was looking so good.
And then cocksucking PBoC comes and ruins it
It doesn't look that bad. I am just sad I've missed it and that I can't afford to buy a couple of BTC now. It may get back to 1024$ before Monday ends.... |
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Mr. Book
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Activity: 2
Merit: 0
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February 09, 2017, 03:13:59 PM |
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Is this not just part of the enormous handle, for 3 year cup and handle?
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jackjack
Legendary
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Activity: 1176
Merit: 1233
May Bitcoin be touched by his Noodly Appendage
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February 09, 2017, 03:16:53 PM |
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losing the mining is alarming, i dunno how things would pan out if they did or even whether it's possible
The only possible ways to do that is to prevent the farms to communicate on internet (impossible), or to physically delete the farms, ie put people in jail and/or burn the miners (not likely but possible for big farms because of the electric bill) |
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droizs
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February 09, 2017, 03:18:06 PM |
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BTC was rising too fast with no proper reasoning, this is the proper setback.
We need to implement new technologies and applications to the network before we can have a steady rise... lately, theses rises were just due to the bullish and delusional people that believe in the impossible.
For BTC expansion and major acceptance we need a stronger and bolder foundation, for now we are still looking if BTC should implement or not segwit, LN and other promising technologies if we are not implementing new solutions to the actual BTC problems the price shouldn't be rising like the last few weeks.
This dump was just a wake-up call(IMO), the price will surely increase in the future but we need to improve the technology first...
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sidhujag
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Activity: 2044
Merit: 1005
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February 09, 2017, 03:18:15 PM |
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Flash to 700 then slowly to my 300 target?
Last rise i had predicted was an exit pump.
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BrewMaster
Legendary
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Activity: 2114
Merit: 1292
There is trouble abrewing
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February 09, 2017, 03:20:22 PM |
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losing the mining is alarming, i dunno how things would pan out if they did or even whether it's possible
The only possible ways to do that is to prevent the farms to communicate on internet (impossible), or to physically delete the farms, ie put people in jail and/or burn the miners (not likely but possible for big farms because of the electric bill) there are lots of people making money because of the existence of mining farms in China. from the owners of the farm and their employees to small electric companies who owe their survival to mining farms and their special contracts, and the hardware companies manufacturing mining equipment. don't think for a second government can even touch such a huge financial operation with so many big people involved. |
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