Bitcoins to crash??

[niothor]

For Fuck sake it went to $650 early. It is dropping like no tomorrow. I think China is selling their bitcoins since they can't use them.

What do you mean they can't use them )

It's not fiat

Companies in China were also banned from pricing things in BTC, i.e. you can't treat it as a real currency in China.  That's why Baidu had to pull Bitcoin acceptance.

Unfortunately while you can still speculate in China it's not going to be able to take off as a viable currency in China because of this stupid ass ruling so until they change their mind it's pretty much prevented what was a very, very, promising start in China.  What we need are Chinese folks who will do what the Bitcoiners here did before congress-lobby the hell out of their politicians to make Bitcoin work.  

People should first understand that the hype was about what could China bring.
Bitcoins weren't even used as a currency , baidu subsidiary got 30 spam transactions in two month , that's all.
The whole picture wasn't affected by the ruling , just dream of what may happen.

[1714855106]

1714855106

[SuperHakka]

now all you bulls who just panicked selled in the last hour, you got a much bigger problem, just how the fudge do you all get the cash out of Mt Gox's bank account together? answers on postcards.

Do you honestly believe nobody can get cash out of Mtgox?

i means that there is a tipping point that when peeps withdraw enmasse from mt gox it would not shock me if they just shut the doors. if they pull a loop on yer, they are capable of anything

[niothor]

now all you bulls who just panicked selled in the last hour, you got a much bigger problem, just how the fudge do you all get the cash out of Mt Gox's bank account together? answers on postcards.

Do you honestly believe nobody can get cash out of Mtgox?

i means that there is a tipping point that when peeps withdraw enmasse from mt gox it would not shock me if they just shut the doors. if they pull a loop on yer, they are capable of anything

Look at the volume , and then think how much gox is making from the fees  , even with their crappy engine.
There is no need for them to shut the doors.

[Hfertig]

now all you bulls who just panicked selled in the last hour, you got a much bigger problem, just how the fudge do you all get the cash out of Mt Gox's bank account together? answers on postcards.

Do you honestly believe nobody can get cash out of Mtgox?

I just received EUR 1000 two days ago. It took 2 weeks, but it it is there.

[SuperHakka]

now all you bulls who just panicked selled in the last hour, you got a much bigger problem, just how the fudge do you all get the cash out of Mt Gox's bank account together? answers on postcards.

Do you honestly believe nobody can get cash out of Mtgox?

Yup, I surely do. I'm a jaynius now eh?

[boumalo]

now all you bulls who just panicked selled in the last hour, you got a much bigger problem, just how the fudge do you all get the cash out of Mt Gox's bank account together? answers on postcards.

Do you honestly believe nobody can get cash out of Mtgox?

Yup, I surely do. I'm a jaynius now eh?

You feel pretty smart now