lucas.sev
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December 05, 2013, 08:41:31 AM |
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So, did we have a double top?
bulls will call it cup and handle, bears will call it double top
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Shermo
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December 05, 2013, 08:41:48 AM |
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I love how people make these huge knee jerk reactions and sell off huge amounts rather than being a bit more smart about things. Massive selling on Gox and Stamp right now, no doubt it will recover again within a day or so and just makes everyone and Bitcoin look stupid.
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Bitcoines
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December 05, 2013, 08:43:08 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?
i think for the banks is kind of a legal warning, not said but implying the ban i guess, and the media is taking advantage by making it worst than it seems tho, hope we stop at 1060-80 tho at least
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mmitech
Legendary
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Activity: 1148
Merit: 1001
things you own end up owning you
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December 05, 2013, 08:43:18 AM |
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what the F is happening ?
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ElectricMucus
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Marketing manager - GO MP
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December 05, 2013, 08:43:40 AM |
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Isn't a bitcoin exchange a financial institution or could be described that way?
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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, 08:43:54 AM |
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So, did we have a double top?
bulls will call it cup and handle, bears will call it double top Stop saying the tea leaves look like tea leaves, it's against the rules.
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KFR
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December 05, 2013, 08:44:10 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?
Warned not to use it until risks better understood. Perhaps we should interpret this in a bullish way. Bloomberg clearly wants to drive the price down so I guess they want to buy in.
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Bitcoines
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December 05, 2013, 08:44:22 AM |
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I love how people make these huge knee jerk reactions and sell off huge amounts rather than being a bit more smart about things. Massive selling on Gox and Stamp right now, no doubt it will recover again within a day or so and just makes everyone and Bitcoin look stupid.
i love it better chances for dupliticating my bitcoin again
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Shermo
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December 05, 2013, 08:44:40 AM |
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Bitstamp under $1000 now. Lame
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Vycid
Sr. Member
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Merit: 250
♫ the AM bear who cares ♫
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December 05, 2013, 08:45:04 AM |
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Bitstamp under $1000 now. Lame
Hardly. Good chance to nab another couple coins. Looks like China's ticker is still bleeding red
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mmitech
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things you own end up owning you
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December 05, 2013, 08:47:40 AM |
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we are dipping so hard, I wont take any action, to risky to do anything now
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Spaceman_Spiff
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₪``Campaign Manager´´₪
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December 05, 2013, 08:48:00 AM |
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bleh, fiat not accessible, otherwise I would have bought some here.
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zby
Legendary
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Merit: 1001
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December 05, 2013, 08:49:08 AM |
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China giveth China taketh. Looks like this is the end of the rally.
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N12
Donator
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December 05, 2013, 08:50:48 AM |
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You all know what I smell.
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Vycid
Sr. Member
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♫ the AM bear who cares ♫
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December 05, 2013, 08:51:30 AM |
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"Notice" clearly the nature of Bitcoin that Bitcoin is not issued by the monetary authorities, such as not having sex with mandatory legal tender currency property, not the true meaning of money.
Thanks, Google Translate.
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Shermo
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December 05, 2013, 08:51:53 AM |
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I don't even understand why this is taken as bad news, its just neutral. Banks can't trade in bitcoins or take out insurance against them, hardly surprising. Individuals can do what they want but they accept the risk.
This is no change to how the rest of the world is working with Bitcoins. I'm surprised if any Chinese banks have invested in Bitcoins heavily anyway.
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pdawg
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December 05, 2013, 08:54:14 AM |
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140,000 BTC dumped inside 15 minutes. I am impressed that it's only down this much.
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