macsga
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Merit: 1002
Strange, yet attractive.
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December 16, 2013, 10:41:52 PM |
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Goodnight everyone...
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simonk83
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December 16, 2013, 10:42:37 PM |
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Why do you guys so vehemently commit to buy and hold, only to blow it when it's at the very bottom and sell?
Not all of us do that ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) When I say I'm holding, I'm holding. I'm not dumb enough (nor good enough) to attempt to sell at the top and buy at the bottom, it's a fools game. No it's a fool's game to think it's a fool's game. Myself and many others continue to increase our BTC holdings with your "fool's game". Good for you for pulling it off, you've been lucky. Hopefully you stay lucky.
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kurious
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Activity: 2590
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December 16, 2013, 10:42:57 PM |
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predictions for when china wakes up?
Maybe they are starting to now - let's see if 4000 holds?
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alexeft
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Activity: 854
Merit: 1000
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December 16, 2013, 10:45:50 PM |
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IF the bail in for the eurozone works like that of Cyprus, then you may end up "using" your stash rather than exchanging it for worthless euro's
![Grin](https://bitcointalk.org/Smileys/default/grin.gif) I don't doubt it, Germany is pretty much slowing the process down cause why would they want to bail in the others You don't understand. A "bail-in" is when depositor money is confiscated to save the bank. It's the scenario Germany wants!
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adamstgBit
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Trusted Bitcoiner
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December 16, 2013, 10:47:19 PM |
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so no update on that china news.
i can't wait for an update, as i understand it, its not clear if deposits to BTCChain are really going to be stopped.
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kurious
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Activity: 2590
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December 16, 2013, 10:47:58 PM |
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Did litecoin turn first there?? Had the chart on by mistake and I'd swear it turned first, litecoin's driving the price!
I did hear something about turning BTC into LTC in China - but it was in the troll box of BTC-e We shall see - maybe Bitcoin getting a kicking they all thought 'They didn't mention LTC....' That would hilarious, and ironic.
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windjc
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Activity: 2156
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December 16, 2013, 10:51:07 PM |
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so no update on that china news.
i can't wait for an update, as i understand it, its not clear if deposits to BTCChain are really going to be stopped.
Yeah, its strange. At this point trying to sort out the damage to the Chinese exchanges are damn near impossible. One thing is for sure, Gox and Stamp have been really reluctant to go down. But if the Chinese exchanges are legitimately effected in a negative way, arbitrage will bring the other exchanges down. Long term we don't need China, they were/are like icing on the cake, but short term this will drive the narrative of the "crash" much like the issues at Gox drove the narrative on the last down turn.
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emanymton
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December 16, 2013, 10:51:20 PM |
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IF the bail in for the eurozone works like that of Cyprus, then you may end up "using" your stash rather than exchanging it for worthless euro's
![Grin](https://bitcointalk.org/Smileys/default/grin.gif) I don't doubt it, Germany is pretty much slowing the process down cause why would they want to bail in the others You don't understand. A "bail-in" is when depositor money is confiscated to save the bank. It's the scenario Germany wants! It's the scenario every bank in Europe wants, the entire f'ing economy is based on creative accounting so they'll have no trouble with loss-free bankruptcies to get their hands on savers money. When QE fails, resort to straight up theft...
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jojo69
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Merit: 4513
diamond-handed zealot
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December 16, 2013, 10:53:09 PM |
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IF the bail in for the eurozone works like that of Cyprus, then you may end up "using" your stash rather than exchanging it for worthless euro's
![Grin](https://bitcointalk.org/Smileys/default/grin.gif) I don't doubt it, Germany is pretty much slowing the process down cause why would they want to bail in the others You don't understand. A "bail-in" is when depositor money is confiscated to save the bank. It's the scenario Germany wants! It's the scenario every bank in Europe wants, the entire f'ing economy is based on creative accounting so they'll have no trouble with loss-free bankruptcies to get their hands on savers money. When QE fails, resort to straight up theft... kleptocratic farcism
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HairyMaclairy
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Degenerate bull hatter & Bitcoin monotheist
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December 16, 2013, 10:54:04 PM |
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Fucking hurry up and get down into the 600s. I'm impatient to buy my next block.
I am determined to load up on every 15% drop (in absolute terms).
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Davyd05
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December 16, 2013, 10:54:32 PM |
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IF the bail in for the eurozone works like that of Cyprus, then you may end up "using" your stash rather than exchanging it for worthless euro's
![Grin](https://bitcointalk.org/Smileys/default/grin.gif) I don't doubt it, Germany is pretty much slowing the process down cause why would they want to bail in the others You don't understand. A "bail-in" is when depositor money is confiscated to save the bank. It's the scenario Germany wants! It's the scenario every bank in Europe wants, the entire f'ing economy is based on creative accounting so they'll have no trouble with loss-free bankruptcies to get their hands on savers money. why would you think Germany who isn't hurting as bad, would want to include their own citizens in that type of bail in? "Then, if more cash is needed, national resolution funds would be used. And if further funds are needed, these would be pooled from across the region over the next five to 10 years, forming the basis of a common fund." - http://www.cnbc.com/id/101263206"But details of the plan have proved controversial, with countries such as Germany - the euro zone's biggest economy and therefore the largest contributor to rescue efforts - opposed to a system which would see failing banks tap a euro zone rescue fund." - http://www.cnbc.com/id/101263206
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windjc
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December 16, 2013, 10:54:46 PM |
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so no update on that china news.
i can't wait for an update, as i understand it, its not clear if deposits to BTCChain are really going to be stopped.
No money into china BTC on fiatleak for the last 2 hours (thats when I opened it). I don't know how fiatleak does it's thing, but it seems to indicate something has already stopped. Well, from what I am gathering, China does not allow for investing in gold and silver through 3rd party processors either. Only through the banks. So this would make a lot of sense if this is what is happening for bitcoin as well. And it would make for a healthier market long term. But, short term its going to have an effect, for sure.
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gandhibt
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December 16, 2013, 10:57:24 PM |
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its always possible that the $651.34 was the bottom
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Davyd05
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December 16, 2013, 10:57:57 PM |
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so no update on that china news.
i can't wait for an update, as i understand it, its not clear if deposits to BTCChain are really going to be stopped.
No money into china BTC on fiatleak for the last 2 hours (thats when I opened it). I don't know how fiatleak does it's thing, but it seems to indicate something has already stopped. Well, from what I am gathering, China does not allow for investing in gold and silver through 3rd party processors either. Only through the banks. So this would make a lot of sense if this is what is happening for bitcoin as well. And it would make for a healthier market long term. But, short term its going to have an effect, for sure. China was like oh hai btc cool, hey everyone this is btc. Then it was like oh hai our people might be taking money out of the country with btc not cool. Oh hai why don't we just regulate it the way we regulate everything ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) the last oh hai is my guess at their next stance on bitcoin.
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adamstgBit
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Trusted Bitcoiner
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December 16, 2013, 10:59:47 PM |
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so no update on that china news.
i can't wait for an update, as i understand it, its not clear if deposits to BTCChain are really going to be stopped.
Yeah, its strange. At this point trying to sort out the damage to the Chinese exchanges are damn near impossible. One thing is for sure, Gox and Stamp have been really reluctant to go down. But if the Chinese exchanges are legitimately effected in a negative way, arbitrage will bring the other exchanges down. Long term we don't need China, they were/are like icing on the cake, but short term this will drive the narrative of the "crash" much like the issues at Gox drove the narrative on the last down turn. oh ya i hear you man, if its all true this is not the end of the world but a short term blow nonetheless. this thread, seems to think its all FUD. coindesk.com , it sounds ligiet, you'd think they would be carefull about spreading FUD without thinking. i'm never going to believe or read a word coindesk writes if this turns out to be FUD...
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emanymton
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
December 16, 2013, 11:00:22 PM |
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IF the bail in for the eurozone works like that of Cyprus, then you may end up "using" your stash rather than exchanging it for worthless euro's
![Grin](https://bitcointalk.org/Smileys/default/grin.gif) I don't doubt it, Germany is pretty much slowing the process down cause why would they want to bail in the others You don't understand. A "bail-in" is when depositor money is confiscated to save the bank. It's the scenario Germany wants! It's the scenario every bank in Europe wants, the entire f'ing economy is based on creative accounting so they'll have no trouble with loss-free bankruptcies to get their hands on savers money. When QE fails, resort to straight up theft... kleptocratic farcism That's beautiful, I'm in awe of your linguistic prowess ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
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adamstgBit
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December 16, 2013, 11:00:36 PM |
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reddit.com/r/Bitcoin/comments/ sounds legit ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif)
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ChartBuddy
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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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December 16, 2013, 11:01:49 PM |
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gizmoh
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Activity: 1428
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December 16, 2013, 11:02:59 PM |
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reddit.com/r/Bitcoin/comments/ sounds legit ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) Source of the article, if you can read chinese http://tech.sina.com.cn/it/2013-12-17/01139011174.shtml#483253-tsina-1-18627-1cf60a7c37a7bc296a2ba7aba0120190Translated from google: Bitcoin even moves to prevent the risk of the Bank of interviews with third-party payment ? At 01:13 on December 17 2013 First Financial Daily , I have something to say ( 154 participants ) Yan Xiangjun
"The central bank regulations third party payment institution shall not provide hosting bitcoin trading site for the trading business ." Yesterday afternoon , the central bank called third-party payment companies meeting revealed the news.
"First Financial Daily" reporters learned exclusively , December 5 issued "on guard against the risk of Bitcoin notice" ( the "Notice " ) Following the central bank again yesterday , " attack" , interviews with more than 10 third-party payment companies relevant person in charge , it may not be explicitly requested to Bitcoin , Wright credits (LTC) and other trading sites offer payment and settlement business.
In less than two weeks time , the central bank even out "two trick" to prevent the risk of Bitcoin , and convey the spirit of the meeting is to be interpreted as " drastic " Many Bitcoin insiders .
Third-party payment " three line"
A large third-party payment company , told reporters that the participants who , yesterday morning, more than 10 third-party payment companies convened by the central bank , in Beijing held a closed-door meeting . Such persons in an interview with this reporter revealed that the meeting , Deputy Director of the settlement payment was chaired by the Secretary golden week the central bank , every company has sent 1 to 2 participants stakeholders .
" Justice Week at the beginning of the meeting made it clear that the meeting was not convened to discuss whether the companies about Bitcoin -related businesses can conduct , but to convey the attitude of senior central bank , which may not be the first third-party payment companies to bitcoin , Wright currency and other trading sites provide payment and settlement services ; Secondly, for payment institutions business cooperation has occurred should be lifted , the stock of money at the latest to complete the withdrawal before the Spring Festival , the new payment services may not occur ; third , strict implementation of the December 5 the central bank issued a " notice " . " these third-party payment companies told this reporter.
According to newspaper reporter to get a third-party payment companies participants recorded meeting minutes , the meeting , in addition to domestic regulations do not allow third-party payment agencies engaged in related businesses bitcoins , the central bank will also be after studying the relevant requirements for access in the territory of Bitcoin -related businesses overseas payment mechanism.
After Golden Week convey relevant spiritual , individual companies have made the payment that he will strictly enforce the above three requirements. But it is worth noting that one of the world 's most active trading site BTCC ( bitcoin China ) as well as Bitcoin , Wright currency trading site OKCOIN have third-party payment agencies from the original co- pay through fiscal replaced by another third-party payment companies , meanwhile, have users complained that two sites are currently only using money paid through withdrawals , but not through its recharge.
"Alipay has not any bitcoin trading site had business cooperation, " Alipay stakeholders in an interview with this reporter , said , "If investors find recharge channels Alipay , you need to be alert to whether the other individual accounts, if really is a personal account, the investor must be aware of the risks . "
There Bitcoin Insiders believe that the contents of the central bank from yesterday's meeting , the central bank for risk prevention efforts may result in a larger bitcoin , but he also expressed puzzled , because this might make the original line open and transparent Bitcoin trading platform is transferred to the ground, the difficulty of monitoring will also rise.
Bitcoin bleak future in China ?
" Come after " notice " is issued, we are in this thing to worry about third-party payment will not do it , did not think of a prophecy ." Bitcoin transaction , a person in charge after hearing the news of the newspaper Reporter said.
After the "notice" issued by the vast majority of people in the industry believe that the " caliber looser " or even " a regulatory innovation " is different , the spirit of the meeting of the central bank to bitcoin industry obviously caused some blow. Many industry insiders have said that bitcoin future development of the situation in China worrying , will choose different levels of " escape" , or transferred to offshore trading platform Bitcoin transactions.
Earlier, the central bank's " notice" had explicitly requested at this stage of financial institutions and payment institutions shall not conduct business associated with bitcoins are not allowed to bitcoin for a product or service pricing , may not be sold or traded as a central counterparty bitcoin not covered with Bitcoin -related insurance business or insurance bitcoins into range. After the "notice" is issued, although Bitcoin market has movement fell short , but soon that recover "lost ."
Yesterday 's meeting will have much impact on prices bitcoins is still unknown, but as of press time newspaper reporter , BTCC Bitcoin price has fallen from yesterday's highest 5335 yuan to 4600 yuan , a decrease of 15%.
( Discovery on the reporter Xia heart contributed to this report )
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