SPC_Bitcoin (OP)
Member
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Activity: 112
Merit: 10
Coffee makes it all better!
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October 02, 2013, 06:02:08 AM |
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Sure there may be risk, but there could be huge profits and hedging. http://www.wantchinatimes.com/news-subclass-cnt.aspx?id=20131002000037&cid=1102I see this as a good sign. The rise of the digital currency Bitcoin is in no small part because of China's market, says a report on the website of Economic Information daily, a business journal operated by Xinhua.
The list price of Bitcoin on FXBTC, a China-based platform for the currency, was 765.7 yuan (US$125.08) against the Bitcoin on Sept. 28.
Though the numbers look promising, the virtual currency is not issued by the central bank and thus is not as reliable as the public might think. Some investors have suffered substantial losses from severe fluctuations, said the report. |
NEVER GOT PAID.
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"There should not be any signed int. If you've found a signed int
somewhere, please tell me (within the next 25 years please) and I'll
change it to unsigned int." -- Satoshi
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Pumpkin
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October 02, 2013, 10:37:20 AM |
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China should eventually attempt to dethrone the USD from the world reserve currency status. However, maybe it's too early for them and they're trying to quietly acquire gold/silver/bitcoin in the meantime...
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polarhei
Sr. Member
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Activity: 462
Merit: 250
Firing it up
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October 09, 2013, 07:42:50 AM |
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The country is now doing something like that if the debt cannot be paid.
Currently China is still looking on these mathematical issues as CCTV aired about it.
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fattypig
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October 11, 2013, 01:13:00 PM |
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Hurray, but hope they don't come out with super computer to compete with us..
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Libin
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October 14, 2013, 02:43:03 AM |
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china is getting on board now!
the price on btcc is 874 CNY (~143 usd), mtgox is 148.7usd, bitstamp only 137usd
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viboracecata
Legendary
Offline
Activity: 1316
Merit: 1000
Varanida : Fair & Transparent Digital Ecosystem
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October 14, 2013, 03:03:29 AM |
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There are lots of billionares among Chinese.
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balanghai
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October 14, 2013, 03:05:39 AM |
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They are on board already and they are going to kick somebody's ass. Well it will be a game changer. :-)
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Leehoya
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October 15, 2013, 01:08:53 AM |
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Hopefully they don't destroy it..
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hulk
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October 15, 2013, 01:41:46 PM |
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Oh man, here we go, Bitcoin to the moon  |
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sootedtho
Full Member
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Activity: 229
Merit: 100
Paddy's Pub Egg
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October 15, 2013, 04:54:49 PM |
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whoop lets go... 150+ by weeks end cmonnnnn  |
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PRIMEDICE The Premier Bitcoin Gambling Experience @PrimeDice
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AU
Member
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Activity: 98
Merit: 10
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October 15, 2013, 08:42:02 PM |
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whoop lets go... 150+ by weeks end cmonnnnn we there.. going way up friend |
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theonewhowaskazu
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October 16, 2013, 04:26:02 AM |
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I'd say $180 is the number to shoot for ($180 is significant because it'd be the highest close since the top of the bubble.)
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justusranvier
Legendary
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Activity: 1400
Merit: 1009
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October 16, 2013, 04:33:58 AM
Last edit: October 16, 2013, 04:47:35 AM by justusranvier |
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I'd say $180 is the number to shoot for ($180 is significant because it'd be the highest close since the top of the bubble.)
Top four daily closing prices ever: 2013-04-09: $230.00 2013-04-08: $187.50 2013-04-10: $165.00 2013-04-07: $162.30 |
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p2pbucks
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October 16, 2013, 04:43:25 AM |
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we are en route |
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theonewhowaskazu
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October 16, 2013, 04:45:26 AM |
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I'd say $180 is the number to shoot for ($180 is significant because it'd be the highest close since the top of the bubble.)
Top four daily closing prices ever: 2010-04-09: $230.00 2010-04-08: $187.50 2010-04-10: $165.00 2010-04-07: $162.30 Wait, 2010? The bubble popped one day after the 230.00 close. After that point we've never closed above $180. This would be the first time (I believe once we closed above $160, but maybe even $170 would be a new closing high disregarding the tip of the bubble). |
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justusranvier
Legendary
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Activity: 1400
Merit: 1009
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October 16, 2013, 04:47:22 AM |
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Wait, 2010? oops. The bubble popped one day after the 230.00 close. After that point we've never closed above $180. This would be the first time (I believe once we closed above $160, but maybe even $170 would be a new closing high disregarding the tip of the bubble).
The highest post-bubble close is $165. We hit a daily high of $166.43 on April 24th, but closed at $154.20. |
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Leehoya
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October 16, 2013, 10:26:23 AM |
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Baidu just accepted bitcoins so expect to see increase in bitcoin difficulty and price |
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erikspoon
Member
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Activity: 99
Merit: 10
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October 16, 2013, 11:26:43 AM |
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or the Chinese gov would decide it doesn't really like that the citizens can actually use money without the big brother watching and would start the regular course of chasing people around to stop it...
p.s.
it doesn't matter that Bitcoin is distributed system the Chinese gov can just block the internet itself (remember a few years back the hijacked around 60% of of all the communication around the world?)
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hulk
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October 16, 2013, 01:15:15 PM |
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The price already skyrocket. Its going up non-stop until it hit $1000.
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peonminer
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October 16, 2013, 10:13:23 PM |
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Because MTGOX doesn't exist...
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