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derekleong75
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December 05, 2013, 08:27:15 AM |
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Yeah I was wondering what happened 10 mins before that massive dump when I saw that. |
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"You Asked For Change, We Gave You Coins" -- casascius
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Carra23
Legendary
 Offline
Activity: 980
Merit: 1000
Need a campaign manager? PM me
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December 05, 2013, 08:27:37 AM |
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A bit bearish at the moment.
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justusranvier
Legendary
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Activity: 1400
Merit: 1009
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December 05, 2013, 08:28:27 AM |
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Mevius
Member
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Activity: 99
Merit: 10
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December 05, 2013, 08:29:30 AM |
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huge dumping @China
6000 BTC's sold at once
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Vycid
Sr. Member
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Activity: 336
Merit: 250
♫ the AM bear who cares ♫
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December 05, 2013, 08:32:03 AM |
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Eh, this really doesn't seem like a big deal. China is cautioning financial institutions not to mess around with Bitcoin. If China didn't like Bitcoin they'd have taken much stronger action. Guess we get to find out where the support is though  |
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KFR
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December 05, 2013, 08:32:41 AM |
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tldr version; Not banning Bitcoin at all; Central bank recommending banks don't use it until risks are better understood. It's still fine for individuals etc. |
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justusranvier
Legendary
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Activity: 1400
Merit: 1009
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December 05, 2013, 08:33:18 AM |
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Eh, this really doesn't seem like a big deal. It will be portrayed as a huge deal though, to attempt to incite a panic. |
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pdawg
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December 05, 2013, 08:33:24 AM |
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That's not a ban. This is a knee jerk reaction. probably someone at reuters has a bunch of bids at 800  |
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Voodah
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December 05, 2013, 08:33:40 AM |
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The Chinese Gov "said however that ordinary individuals were free to use bitcoin, so long as they took on the risk themselves." I guess that's not that grimm after all. |
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Vycid
Sr. Member
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Activity: 336
Merit: 250
♫ the AM bear who cares ♫
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December 05, 2013, 08:34:41 AM |
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Was that it? Feels a little like a bottom.
SR dump was way scarier.
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pdawg
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December 05, 2013, 08:34:56 AM |
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this is what happens when the algos are reading the headlines....
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justusranvier
Legendary
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Activity: 1400
Merit: 1009
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December 05, 2013, 08:35:27 AM |
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probably someone at reuters has a bunch of bids at 800 It was Bloomberg that had the most sensational Twitter post. |
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Vycid
Sr. Member
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Activity: 336
Merit: 250
♫ the AM bear who cares ♫
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December 05, 2013, 08:35:51 AM |
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this is what happens when the algos are reading the headlines....
If this was algo interpreted we'd have had a much more sudden reaction. |
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seljo
Legendary
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Activity: 1178
Merit: 1014
Hodling since 2011.®
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December 05, 2013, 08:36:01 AM |
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So the 96k dude is dumping on Stamp?
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derekleong75
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December 05, 2013, 08:37:38 AM |
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Only CNY down. USD still holding strong.
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Rampion
Legendary
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Activity: 1148
Merit: 1018
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December 05, 2013, 08:38:47 AM |
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So, did we have a double top?
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Vycid
Sr. Member
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Activity: 336
Merit: 250
♫ the AM bear who cares ♫
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December 05, 2013, 08:39:56 AM |
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Hold on a second:
Bloomberg Twitter - "BREAKING: China bans financial institutions from Bitcoin transactions"
Reuters - "China's central bank warned on Thursday that financial institutions should not trade the digital currency bitcoin, saying that while it does not yet pose a threat to China's financial system, it carries risks."
Uh, so... financial institutions banned, or warned?
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NamelessOne
Legendary
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Activity: 840
Merit: 1000
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December 05, 2013, 08:41:21 AM |
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China is saying it is is a commodity and not a currency they are are okay with that. Trade it, but don't use it to buy things.
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