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elg
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December 22, 2013, 10:59:54 PM |
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English is not my mothertongue. but i don't read anything between the lines? Or is it the Picasso cold wallet?
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byronbb
Legendary
Offline
Activity: 1414
Merit: 1000
HODL OR DIE
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December 22, 2013, 11:01:17 PM |
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Ya help me out with reading between the lines.
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granathus
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December 22, 2013, 11:02:11 PM |
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Ya help me out with reading between the lines. "We are screwed."
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freethink2013
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December 22, 2013, 11:03:54 PM |
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Ya help me out with reading between the lines. china is fucked. there's still prostitutes available for qq coin though. the Chinese black market is bigger that several European economies though. Still fucked though.
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Davyd05
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December 22, 2013, 11:08:22 PM |
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Ya help me out with reading between the lines. china is fucked. there's still prostitutes available for qq coin though. the Chinese black market is bigger that several European economies though. Still fucked though. sure they are. I don't get the big problem with regulating an emerging market .. in a communist country.. in fact I expected this sooner lol
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elg
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December 22, 2013, 11:14:53 PM |
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English is not my mothertongue. but i don't read anything between the lines? Or is it the Picasso cold wallet?
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jojo69
Legendary
Offline
Activity: 3318
Merit: 4597
diamond-handed zealot
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December 22, 2013, 11:55:09 PM |
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good grief finally!
was getting forum withdrawal
WTF Thymos?
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User705
Legendary
Offline
Activity: 896
Merit: 1006
First 100% Liquid Stablecoin Backed by Gold
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December 22, 2013, 11:57:27 PM |
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I understand that I may be a biased bull, but can someone intelligibly explain to be please, why the China news is THAT bearish for bitcoin esp in China, considering they said it is legal to buy and own? they don't want their institutions to transact with it, okay fine. that definately sucks. how does that mean it's dead there though, barring them announcing theyll lock away citizens and torture them if they own bitcoins.
I also don't see the bearish between the lines in that bobby letter, in fact it sounds bullish to me.
this is all for curiosity's sake anyhow as it's a big world and China can take this stance now, if they even stick to it in the long run it's not a big deal for bitcoin longterm
Because currently lots of bitcoin commerce is hedged or converted to fiat sometimes instantly. That's kinda hard to do if banks can't work with bitcoin.
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Peter R
Legendary
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Activity: 1162
Merit: 1007
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December 22, 2013, 11:59:12 PM |
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I understand that I may be a biased bull, but can someone intelligibly explain to be please, why the China news is THAT bearish for bitcoin esp in China, considering they said it is legal to buy and own? they don't want their institutions to transact with it, okay fine. that definately sucks. how does that mean it's dead there though, barring them announcing theyll lock away citizens and torture them if they own bitcoins.
I also don't see the bearish between the lines in that bobby letter, in fact it sounds bullish to me.
this is all for curiosity's sake anyhow as it's a big world and China can take this stance now, if they even stick to it in the long run it's not a big deal for bitcoin longterm
I think it just comes down to market uncertainty in the short term. For instance, when the price of BTCChina goes very low, it's possible to purchase coins from Chinese panic sellers and quickly flip them on BitStamp or Gox for a (nearly) risk-free profit. I think some market participants are expecting this, and thus set their bids lower than they otherwise would. In the short term, I believe we can indeed dip lower again (Christmas holiday massacre?), and I don't think we can make a strong move above the ATH until there is some closure regarding BTCChina. Disclosure: I am long-term bull that thinks we will continue to grow with or without the blessing of the Chinese government.
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Davyd05
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December 23, 2013, 12:03:17 AM |
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Peter R
Legendary
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Activity: 1162
Merit: 1007
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December 23, 2013, 12:03:49 AM |
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English is not my mothertongue. but i don't read anything between the lines? Or is it the Picasso cold wallet?
I can't read anything "between the lines" either. This letter to me does not seem to provide any new information. Basically it just re-says what I think the market is already thinking: the bitcoin/yuan market in China is severely limited (at least) in the short term due to these funding problems, but bitcoin is not illegal.
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elg
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December 23, 2013, 12:05:42 AM |
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meanwhile hodling and of to bed if the forum allows me to post at least, but just once .. Choo Choo to everyone :p
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TheCoinBull
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December 23, 2013, 12:08:28 AM |
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you like dump
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outofservice
Member
Offline
Activity: 70
Merit: 11
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December 23, 2013, 12:11:02 AM |
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very much dump much low buy
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Walsoraj
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December 23, 2013, 12:14:35 AM |
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According to i286 ticker, ask sum is approaching 60k coins. Is that accurate or is the API screwed up again?
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outofservice
Member
Offline
Activity: 70
Merit: 11
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December 23, 2013, 12:17:29 AM |
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According to i286 ticker, ask sum is approaching 60k coins. Is that accurate or is the API screwed up again?
Can someone translate this for me. New to investing and don't know what this means.
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optimi
Newbie
Offline
Activity: 51
Merit: 0
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December 23, 2013, 12:19:07 AM |
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According to i286 ticker, ask sum is approaching 60k coins. Is that accurate or is the API screwed up again?
Can someone translate this for me. New to investing and don't know what this means. HODL!
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outofservice
Member
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Activity: 70
Merit: 11
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December 23, 2013, 12:21:58 AM |
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According to i286 ticker, ask sum is approaching 60k coins. Is that accurate or is the API screwed up again?
Can someone translate this for me. New to investing and don't know what this means. HODL! haha, as I was typing that I had a feeling I would get that answer before a real breakdown. So is that saying the trend looks like it's about to rise?
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N12
Donator
Legendary
Offline
Activity: 1610
Merit: 1010
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December 23, 2013, 12:22:28 AM |
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According to i286 ticker, ask sum is approaching 60k coins. Is that accurate or is the API screwed up again?
Does that page add up asks on multiple exchanges? I just did it manually with MtGox, Bitstamp and BTC-E and got at least 69k. On MtGox, it's 33k right now.
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