Mirsad
Full Member
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Activity: 140
Merit: 100
Bitcoin - love & hate
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December 16, 2013, 10:39:37 AM |
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holy cow what is going on in china ?
Retesting 3800CNY |
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dgarcia
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December 16, 2013, 10:40:08 AM |
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Seems a fake news flash, i will ask my friend to tell exactly whats it all about in an hour or so when i meet her How can we not get that translated? It reads like old news. The chinese annoucement. Could be fake news. But the date is 16.12.2013. |
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fred1111
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December 16, 2013, 10:41:02 AM |
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I smell bear trap. It's monday, the whales are back to work, and the job description is buy cheap coins.
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windjc
Legendary
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Activity: 2156
Merit: 1070
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December 16, 2013, 10:47:01 AM |
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If this is a fake news story then china really was looking for a reason to sell. |
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seriouscoin
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December 16, 2013, 10:48:26 AM |
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If this is a fake news story then china really was looking for a reason to sell. It breaks 4700 yuan crazy chinese needs money for hookers? |
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TERA
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December 16, 2013, 10:49:55 AM |
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What the hell? China is 10% lower from the low of last night while all the other exchanges drop to 1% HIGHER than the low of last night.
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seriouscoin
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December 16, 2013, 10:52:52 AM |
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What the hell? China is 10% lower from the low of last night while all the other exchanges drop to 1% HIGHER than the low of last night.
Chinese government is about to announce that they prohibit banks from doing services with exchanges. I bet the officials are dumping coins. |
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gizmoh
Legendary
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Activity: 1428
Merit: 1000
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December 16, 2013, 10:53:18 AM |
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What the hell? China is 10% lower from the low of last night while all the other exchanges drop to 1% HIGHER than the low of last night.
They are doing their own thing succumbing to that fud news maybe???. If this news turns out to be true, then the west will follow accordingly. |
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Lady_Luck
Newbie
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Activity: 18
Merit: 0
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December 16, 2013, 10:55:22 AM |
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What the hell? China is 10% lower from the low of last night while all the other exchanges drop to 1% HIGHER than the low of last night.
I think it's because they didn't retrace as much as Gox/stamp during the up-move, so since PA were closer to the support level it was easier to start from there. but still, I agree, it's strange. Mostly since Gox has a "spread away" bid wall. Anyway, we getting closer to $841 there, then it should catch-up with China. |
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kurious
Legendary
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Activity: 2604
Merit: 1748
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December 16, 2013, 10:55:40 AM |
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Whoever made the move - put that 870 wall in to put a little lid on it...
A few coins to take the world markets down this much is cheap for a manipulator.
But the market is way bigger than this move.
People will not want to sell at much below here, but they will want to buy.
HOLD.
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kurious
Legendary
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Activity: 2604
Merit: 1748
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December 16, 2013, 10:56:51 AM |
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What the hell? China is 10% lower from the low of last night while all the other exchanges drop to 1% HIGHER than the low of last night.
Chinese government is about to announce that they prohibit banks from doing services with exchanges. I bet the officials are dumping coins. Back this up please? |
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tutkarz
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December 16, 2013, 10:57:19 AM |
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Whoever made the move - put that 870 wall in to put a little lid on it...
A few coins to take the world markets down this much is cheap for a manipulator.
But the market is way bigger than this move.
People will not want to sell at much below here, but they will want to buy.
HOLD.
good advice, price my jump back fast |
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BitThink
Legendary
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Activity: 882
Merit: 1000
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December 16, 2013, 10:57:24 AM |
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If no bank and payment institutions can provide services to BTCChina and other exchanges, how could people freely trade BTC as virtual commodity on the exchanges? That does not make sense to me. Nonetheless, sometimes the Chinese government does do something making no sense.
Anyway, no confirmation up till now and the original post has been deleted and it seems it is a false news (or a leaked news, who knows).
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seleme
Legendary
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Activity: 2772
Merit: 1028
Duelbits.com
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December 16, 2013, 10:58:47 AM |
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If that was real news, the price would be at 3000 yuan or so now.
Don't be dumb people and fail on FUD news.
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seriouscoin
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December 16, 2013, 11:00:18 AM |
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If no bank and payment institutions can provide services to BTCChina, how could people freely trade BTC as virtual commodity on the exchanges? That does not make sense to me.
They probably dont know how to regulate btc so they want to stop the capital leaking. |
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tutkarz
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December 16, 2013, 11:00:46 AM |
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If no bank and payment institutions can provide services to BTCChina, how could people freely trade BTC as virtual commodity on the exchanges? That does not make sense to me.
we have to figure this one out anyway because banks are not going to help us grow forever. |
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ChartBuddy
Legendary
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Activity: 2534
Merit: 2176
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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December 16, 2013, 11:02:07 AM |
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kurious
Legendary
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Activity: 2604
Merit: 1748
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December 16, 2013, 11:02:33 AM |
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EVERYONE CHILL OUT!
We have not even gone back to yesterday's low yet.
If China news was that drastic - it would be carnage.
It isn't! It's bears - and little ones at that - playing with a nervy market.
You want to give Rpietila and his like the last laugh?
Go ahead MAKE HIS DAY.
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seleme
Legendary
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Activity: 2772
Merit: 1028
Duelbits.com
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December 16, 2013, 11:02:37 AM |
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It was just FUD attempt to cause same kind of panic that made a crash on December 7th.
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