windpath (OP)
Legendary
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Activity: 1258
Merit: 1027
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March 27, 2014, 03:25:05 PM |
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True or not, looks like markets coming back up after a ~10% drop on the news...  |
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Lordoftherigs
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March 27, 2014, 03:29:16 PM |
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how much longer until we will know for sure that this was a hoax ?
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Azeh
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March 27, 2014, 03:36:18 PM |
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Unfortunately, this is how things happen in China. Everything is presented as rumor to act as a warning before official announcements are released.
First, I feel sorry for the Chinese Bitcoin enthusiasts and I'm sure they will find away around the government meddling.
Secondly, Fuck the corrupt Chinese Government. They are doing everything in their power to prevent capital from fleeing the country in the face of an imploding economy as indicated by the increasing number of corporate defaults and the beginning of the end of their real estate bubble.
Corruption in China makes the USA look like paradise.
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Azeh
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March 27, 2014, 03:40:08 PM |
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Centralised exchanges need to go the way of the dinosaur in order to prevent these huge panicks and price drops.
Hopefully, the bitcoin community will develop a solution to this problem soon. Decentralised exchanges?
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Lordoftherigs
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March 27, 2014, 03:49:29 PM |
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Centralised exchanges need to go the way of the dinosaur in order to prevent these huge panicks and price drops.
Hopefully, the bitcoin community will develop a solution to this problem soon. Decentralised exchanges?
Exchanges are certainly happy form all this fuzz, more than 11k BTCs traded in less than hour. |
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ebliever
Legendary
Offline
Activity: 1708
Merit: 1035
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March 27, 2014, 03:56:44 PM |
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Banks are as relevant to bitcoin as the U.S. Postal Service is to email, and they share pretty much the same relationship. So after the initial reaction to this news, I doubt it will have much long term impact even if true.
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Luke 12:15-21
Ephesians 2:8-9
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C10H15N
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March 27, 2014, 04:00:22 PM |
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My educated response: Big F**king Woo!  |
Only when the tide goes out do you discover who's been swimming naked. -Warren Buffett
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Lauda
Legendary
Offline
Activity: 2674
Merit: 2965
Terminated.
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March 27, 2014, 04:02:06 PM |
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The opportunity to buy in has arisen.
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"The Times 03/Jan/2009 Chancellor on brink of second bailout for banks" 😼 Bitcoin Core ( onion) |
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C10H15N
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March 27, 2014, 04:04:32 PM |
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...and I'm taking advantage of it. |
Only when the tide goes out do you discover who's been swimming naked. -Warren Buffett
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Lauda
Legendary
Offline
Activity: 2674
Merit: 2965
Terminated.
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March 27, 2014, 04:05:57 PM |
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...and I'm taking advantage of it. Then we have a smart buyer here. |
"The Times 03/Jan/2009 Chancellor on brink of second bailout for banks" 😼 Bitcoin Core ( onion) |
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TTM
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March 27, 2014, 04:19:18 PM |
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It remain unclear whether this rumor is correct or not. As far as i know, Caixin is reputable source about finance in China. If it is true, the price might be dropped even much lower, 300 or 400. We'll have to wait for official confirmation/denial from PBOC or commercial banks in China.
In communist or totalitarian states, authorities want to control everything. If there is something they can't control, they'll want to ban or block it.
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C10H15N
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March 27, 2014, 04:23:38 PM |
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Then we have a smart buyer here.
"Be fearful when others are greedy and greedy when others are fearful" - Warren Buffett Time to shear the sheep. |
Only when the tide goes out do you discover who's been swimming naked. -Warren Buffett
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equinox9
Newbie
Offline
Activity: 40
Merit: 0
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March 27, 2014, 04:28:58 PM |
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Then we have a smart buyer here.
"Be fearful when others are greedy and greedy when others are fearful" - Warren Buffett Time to shear the sheep. Bitcoin is a moneygram...a mirage - Warren Buffet lol |
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C10H15N
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March 27, 2014, 04:31:57 PM |
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Then we have a smart buyer here.
"Be fearful when others are greedy and greedy when others are fearful" - Warren Buffett Time to shear the sheep. Bitcoin is a moneygram...a mirage - Warren Buffet lol Warren is great with making shitloads of money, but he's terrible with tech! |
Only when the tide goes out do you discover who's been swimming naked. -Warren Buffett
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TTM
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March 27, 2014, 05:25:43 PM |
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I'm curious how does this site work ? If i'm a Chinese citizen who is buying 10 bitcoin on BTC-e, how do they know ? There is no way exchanges leak my personal information to this fiatleak.com |
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Arghhh
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March 27, 2014, 05:32:06 PM |
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How generous of them!
... More hoard for me.
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mr smith
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March 27, 2014, 05:47:10 PM |
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All the bad news from China has been factored in for a long time. I wish they would ban gold imports so i could buy a little on the cheap!!!!!!!!!
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New Economy Movement
Philosophy of Solidarity and Egalitarianism
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bananas
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March 27, 2014, 05:52:57 PM |
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Unfortunately, this is how things happen in China. Everything is presented as rumor to act as a warning before official announcements are released.
First, I feel sorry for the Chinese Bitcoin enthusiasts and I'm sure they will find away around the government meddling.
I don't feel sorry 'cause they are just gamblers, most of Chinese bitcoin traffic comes from Macau. |
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vitarian
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March 27, 2014, 09:50:51 PM |
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But this is countered by the GOOD NEWS that the US government is accepting bitcoin as legitimate "property", meaning they WILL indeed allow bitcoin transactions. I would think that the IRS news would trump all the other negative press surrounding bitcoin. Now is the time to BUY BUY BUY!!!
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