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Author Topic: CHINA CANT BAN BITCOINS!!  (Read 3245 times)
~Coinseeker~
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March 31, 2014, 07:24:26 PM
 #41

China has already "banned" bitcoin 3 times.

Why would actually banning it matter?   Bitcoin has already shown its resiliency in the face of such news.

-B-

$1200 -> $450.  Where's this resiliency you speak of?

If new money isn't flowing in, the price of Bitcoin falls.  It's simple.  Even merchant adoption can't help, because they aren't buying bitcoin.  Anyone who thinks this is a non-issue is kidding themselves.  Numbers don't lie.



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March 31, 2014, 09:09:24 PM
 #42

but even if there is adaption wont that mean that price will be more stable and wont crash 50% ? know what i mean

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Stousers
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March 31, 2014, 11:40:44 PM
 #43

Does anybody have something solid of all the speculation around a "big" announcement coming on April 16?? Heard tons if rumours but nothing concrete. Obv this has to do with china. Regards
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April 01, 2014, 03:43:38 AM
 #44

You know fiatleak shows buys and sells as coins in to a country right?

Very misleading   That site

~Coinseeker~
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April 01, 2014, 04:08:38 AM
 #45

but even if there is adaption wont that mean that price will be more stable and wont crash 50% ? know what i mean

Why would it be more stable?  Just because a business hangs a sign that says, "Bitcoin accepted here", doesn't mean people actually have Bitcoin to spend or would even spend them if they had them.  Look at all these businesses that have done so since the rise to $1200.  If Bitcoins value was based at all on merchant adoption, it'd be at $10,000 plus already.  Instead, it's fallen to $450.   Undecided
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