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Author Topic: If chinese bulls can cause this madness, what can chinese bears do?  (Read 4668 times)
bitwhizz (OP)
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November 09, 2013, 01:47:50 AM
Last edit: November 09, 2013, 02:02:28 AM by bitwhizz
 #1

speculate

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The network tries to produce one block per 10 minutes. It does this by automatically adjusting how difficult it is to produce blocks.
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oakpacific
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November 09, 2013, 01:55:50 AM
 #2

The problem is you don't know what they are coming for I guess. In my home nation they are short of investment options due to government mismanagement, there is an atmosphere of despair among them, at the same time, a few million yuans can easily be set aside for millions of them.

https://tlsnotary.org/ Fraud proofing decentralized fiat-Bitcoin trading.
zeroday
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November 09, 2013, 02:35:48 AM
 #3

Billion of hungry bulls just ate all the bears population in China.
And they want more!  Grin
BitChick
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November 09, 2013, 02:36:58 AM
 #4

Like my husband said on another thread, "Pandas are not bears!"   Grin

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superduh
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November 09, 2013, 02:49:03 AM
 #5

no bears in china. you should know that

ok
MaxBTC1
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November 09, 2013, 02:56:21 AM
 #6

speculate



This implies there are chinese bears..
zeroday
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November 09, 2013, 03:00:07 AM
 #7

speculate

This implies there are chinese bears..

Speculation in China is punishable to death  Shocked
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November 09, 2013, 03:45:01 AM
 #8

speculate

This implies there are chinese bears..

Speculation in China is punishable to death  Shocked
Bitcoin and China are a good fit. Honest money for honest people.

Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
DeathAndTaxes
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November 09, 2013, 03:46:03 AM
 #9

In China the bubble bursts you.
antimattercrusader
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November 09, 2013, 03:55:59 AM
 #10

speculate

This implies there are chinese bears..

Speculation in China is punishable to death  Shocked
Bitcoin and China are a good fit. Honest money for honest people.

baahahahah, funny one. Been to China numerous times, done business with lots of Chinese people, and my wife is Chinese.

They're no better than anywhere else. Especially the younger generation. Evil just like us! lol

Hopefully that quest for riches and greed helps bitcoin though!

BTC: 13WYhobWLHRMvBwXGq5ckEuUyuDPgMmHuK
theonewhowaskazu
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November 09, 2013, 03:58:18 AM
 #11

In China the bubble bursts you.

You mean in soviet Russia?

I mean, its not like BTC-e hasn't been experiencing a bubble :\

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November 09, 2013, 04:19:35 AM
 #12

China is bearish... on U.S. dollars. Be prepared.

Will pretend to do unspeakable things (while actually eating a taco) for bitcoins: 1K6d1EviQKX3SVKjPYmJGyWBb1avbmCFM4
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November 09, 2013, 05:15:42 AM
 #13

The crazier the Chinese push up the price on their exchanges (Gox and Bitstamp struggle badly to follow),
the harder they are going to crash. I am afraid that the China government could become hostile towards
bitcoin if such an epic crash results in civil disorder or some other issues (mass suicides?).

Sometimes, if it looks too bullish, it's actually bearish
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November 09, 2013, 05:51:05 AM
 #14

The crash in China is accelerating, back to 2100 right now.
So in about 12h it went up 25% then quickly down. Madness IMO.

Sometimes, if it looks too bullish, it's actually bearish
Le Happy Merchant
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November 09, 2013, 08:06:05 AM
 #15

At this point a Chinese bear would not own Bitcoin.

This question will become important in about 4 months.

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November 09, 2013, 08:37:41 AM
 #16

Look at it this way: How many BTC have Chinese ASIC owners and producers now and how many will they have in a year?
Tzupy
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November 09, 2013, 08:58:26 AM
 #17

IMO China (and other exchanges too, but better defined in China) is 'performing' the second of two sub-sub-waves that follow
a short term recovery from a crash. When Gox dropped from 233$ to 177$, the drops that followed the recovery went from 217$ to 177$,
and looked like a tumbling knife. It will be interesting to see if this scenario (kind of) repeats itself.

Sometimes, if it looks too bullish, it's actually bearish
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November 09, 2013, 12:10:17 PM
 #18

I think OP was asking more for this:


I'm flying FPV race drones these days. Check out my YouTube channel: https://www.youtube.com/c/MiconFPV
zeroday
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November 09, 2013, 02:16:59 PM
 #19

The last Chinese bear has just been trapped and gobbled by bulls Grin

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November 09, 2013, 02:38:17 PM
 #20



Noooo!  they be stealin' my Bitcoins!

Civil Liberty Through Complex Mathematics
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