BREAKING NEWS: Bobby Lee Confirms Bitcoin China Ban, It's finally Happened

[Dr. LY]

Not confirmed until your autistic friend confirms it at a 48% probability, OP

[1714677319]

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[chessnut]

How many times does it need to be confirmed before the bears realise that the panic is over, and now the buying pressure has overcome all the pathetic selling forces that are left. Bitcoins are undervalued.

[Chalkbot]

Remember before bitcoin was banned in China, all these threads were about how the encryption of bitcoin was flawed, and the NSA could confiscate your funds? Also, quantum computers attacking the networks? Bitcoin being a product of FBI/CIA?

Interesting that the same posters are now more concerned about Chinese regulation, which by comparison, seems much less of a threat. Can any of you guys explain why you are concerned about China banning the currency you believe secret government agencies are plotting to crack wide open and steal all funds from users?


Edit: Right on queue! lol
https://bitcointalk.org/index.php?topic=553284.0

[ArticMine]

Most of the people still don´t get it. It´s not about the news that will push the market downwards, it´s about the chinese money that will leave n goes into effect can the market in a few days.

I do not get this. Are there exchange controls that prevent how much money one can bring into China? Otherwise someone holding BTC in China after the "ban" goes into effect can sell the BTC abroad and then repatriate the funds.

Most countries that have exchange controls aim to prevent funds in the form of local currency from leaving the country not the other way around.

[Bit_Happy]

Guys, this is just in fresh news from China and confirms the insider news i previously had, the Ban is REAL.

here you go:

http://www.theaustralian.com.au/business/latest/china-clamps-down-on-bitcoin/story-e6frg90f-1226871648275

BOB LEE ALSO CONFIRMS IT !

Quote:"There will definitely be a negative impact to the exchanges," said Bobby Lee

Get ready for the selling (slaughter) this week.

Here's the insider news (was heavily criticized) i had days earlier: https://bitcointalk.org/index.php?topic=549790.0

One of the people familiar with the latest directive said that the central bank does not intend to ban bitcoin trading in China, and said the move is to "enforce what was already said in the December document." That document had said bitcoin is not a currency with "real meaning" and does not have the same legal status as a currency, but that the public is free to buy and sell bitcoin online provided that they accept the risk.

BTC China and two other major bitcoin exchanges in China -- OKCoin and Huobi -- have all said they haven't gotten any official notice of a change from the central bank nor the banks that they have accounts with. A spokesman with BTC China said that the firm is trying to get clarity from the banks.

The three exchanges also said they haven't seen significant changes to their deposits yet, and that trading volumes have jumped in the last week due to bitcoin price volatility from the news.


Very Bullish indeed, thanks OP 

[cosmofly]

Guys, this is just in fresh news from China and confirms the insider news i previously had, the Ban is REAL.

here you go:

http://www.theaustralian.com.au/business/latest/china-clamps-down-on-bitcoin/story-e6frg90f-1226871648275

BOB LEE ALSO CONFIRMS IT !

Quote:"There will definitely be a negative impact to the exchanges," said Bobby Lee

Get ready for the selling (slaughter) this week.

Here's the insider news (was heavily criticized) i had days earlier: https://bitcointalk.org/index.php?topic=549790.0

One of the people familiar with the latest directive said that the central bank does not intend to ban bitcoin trading in China, and said the move is to
Very Bullish indeed, thanks OP 

Irrelevant, if banks are banned to deal with exchanges then bitcoin trading will be useless as exchanges can't maintain accounts with banks and people can't deposot new money

Any other workaround such as moving overseas will limit avwrgae Chinese from investing

[cosmofly]

Hello Mr. Sampey Sir, i am poor man i live in a matchbox size room since 5 years, i don't have Bitcoin i cannot afford only 4 litecoin . I will be very happy if you send me Bitcoin 1GmXN6K6MzBXzGPZ8iv66UtezSPMFCnou4
thank you Mr Sampey !

I have $15,000 worth of BTC i want to invest it ALL AT ONCE into one or two coins, please put your suggestions here. It has to be a coin that is not overpriced, as in there is still room for like 10x-30x growth within the next 2 weeks, NOT WITHIN THE NEXT 1 year.

Thanks !

Matthecat lost more money today, a perfect reason for him to excrete ass talk. So you say Bitcoin will crash even more to assed levels, lets see then where is the crash ? i can't see $500 BTC only more ass talk.

Don't expect any intelligent people to take you seriously until you start acting maturely.

Lol what a douchebag, u wanna double post OK so will I


Another idiot 

Ever heard of sarcasm? I was joking and being sarcastic with sampy he's a nice dude

I won't even bother replying to ur other accusations I already address them before.

U need to find better things to do with ur time that try to defame me

[jetspot]

Settle down kids, take a breath.

How much does China influence BTC anyway? Are they major players in the game or not? If not, then who cares if they halt BTC from coming into their banks?

[spiderbrain]

I think the Chinese government just wants to ban bitcoin as a method of moving money out of the country without their say so, rather than stop their rich friends making money off the long term growth of bitcoin. So they'll allow Chinese exchanges to operate offshore, so they can see the money going in and out through the existing super strict international money transfer rules and limits. Anyone who has bitcoins in china that are currently outside of this system, i.e. they own them already, will probably want to hold on to them or trade them off the books to people that need to move money out of china unofficially. I don't see massive selling pressure from China, although some day traders may liquidate.

[smoothie]

Guys, this is just in fresh news from China and confirms the insider news i previously had, the Ban is REAL.

here you go:

http://www.theaustralian.com.au/business/latest/china-clamps-down-on-bitcoin/story-e6frg90f-1226871648275

BOB LEE ALSO CONFIRMS IT !

Quote:"There will definitely be a negative impact to the exchanges," said Bobby Lee

Get ready for the selling (slaughter) this week.

Here's the insider news (was heavily criticized) i had days earlier: https://bitcointalk.org/index.php?topic=549790.0

The way I see it, you are only going to be affected if you have money on a chinese based exchange.

Everything in cold storage is still safe.

Price in the short term is irrelevant. The fundamentals are still in tact. Cryptocurrencies will live on no matter how much fuss the banks and governments dish out.

[dannyspk]

Funny how the whole Mt Gox fiasco couldn't make BTC cheaper than $400 and now the China ban drama isn't working for the bears either. I mean, I want the cheap coins too but it's just not working. You need to spread some legit FUD from now on.

[YipYip]

Most of the people still don´t get it. It´s not about the news that will push the market downwards, it´s about the chinese money that will leave the market in a few days.

I think you dont get it comotard

The news forces the market with SELL/BUY orders by factoring in sentiment ..this is how all markets work

x peopel believe the price should be higher and y peopel believe it should be lower

BULLS and BEARS

This lesson proudly brought to you by HIENZ Pudding cups ..

"When you need a bitcoin prediction from retards you cant go past HEINZ pudding cups"

[YipYip]

Hello Mr. Sampey Sir, i am poor man i live in a matchbox size room since 5 years, i don't have Bitcoin i cannot afford only 4 litecoin . I will be very happy if you send me Bitcoin 1GmXN6K6MzBXzGPZ8iv66UtezSPMFCnou4
thank you Mr Sampey !

I have $15,000 worth of BTC i want to invest it ALL AT ONCE into one or two coins, please put your suggestions here. It has to be a coin that is not overpriced, as in there is still room for like 10x-30x growth within the next 2 weeks, NOT WITHIN THE NEXT 1 year.

Thanks !

Matthecat lost more money today, a perfect reason for him to excrete ass talk. So you say Bitcoin will crash even more to assed levels, lets see then where is the crash ? i can't see $500 BTC only more ass talk.

Don't expect any intelligent people to take you seriously until you start acting maturely.

Lol what a douchebag, u wanna double post OK so will I


Another idiot  

Ever heard of sarcasm? I was joking and being sarcastic with sampy he's a nice dude

I won't even bother replying to ur other accusations I already address them before.

U need to find better things to do with ur time that try to defame me

ComOTard relax ...have a pudding cup to settle your nerves

[MatTheCat]

How many times does it need to be confirmed before the bears realise that the panic is over, and now the buying pressure has overcome all the pathetic selling forces that are left. Bitcoins are undervalued.

I scanned through this thread pretty well not reading any posts until I found someone with a track record of balanced and analytical posts. I found just you. I would like to inform you however that the panic is not over, and Bitcoin is not undervalued. I believe that the market is due another leg up where it will retest the long term descending right angled triangle, and for this reason, I am currently long Bitcoin. But looking further ahead, than the next few days, the news around about Bitcoin right now is horrible, and whilst I understand that MSM hype or negativity is the ultimate in contrarian indicators, there is also this issue of masses of stolen, Chinese, and newly mined coins that are looking to cash out.

Once $380 support fails, then this will instigate a massive psychological change in the market, turning formerly strong hands to weak hands. Then the Bitcoin market will get to know all about despair. I said before, I reckon the $200 range lies ahead in the not too distant future. Quote me for truth if you like.

[chessnut]

How many times does it need to be confirmed before the bears realise that the panic is over, and now the buying pressure has overcome all the pathetic selling forces that are left. Bitcoins are undervalued.

I scanned through this thread pretty well not reading any posts until I found someone with a track record of balanced and analytical posts. I found just you. I would like to inform you however that the panic is not over, and Bitcoin is not undervalued. I believe that the market is due another leg up where it will retest the long term descending right angled triangle, and for this reason, I am currently long Bitcoin. But looking further ahead, than the next few days, the news around about Bitcoin right now is horrible, and whilst I understand that MSM hype or negativity is the ultimate in contrarian indicators, there is also this issue of masses of stolen, Chinese, and newly mined coins that are looking to cash out.

Once $380 support fails, then this will instigate a massive psychological change in the market, turning formerly strong hands to weak hands. Then the Bitcoin market will get to know all about despair. I said before, I reckon the $200 range lies ahead in the not too distant future. Quote me for truth if you like.

It was only a few months ago when we were all so excited about wall street, rumours of Paypal, ebay etc, and even some banks toying with the idea of entering the bitcoin market. these forces outweigh 100:1 any catastrophe bitcoin has ever faced. Dont forget them, because they are only just around the corner, billions of dollars can stream in within days. Im sure you are aware that the largest of investors require catastrophe to enter the market. how could an investor inject a billion dollars into this market without driving the price to oblivion? no, this is the opportune moment the smart money has been waiting for.

the panic is over, but where is the fundamental drive? not to be seen. it could come in 2 weeks. we will see, though the chinese certainly do have the whit to prepare, in fact, I think they have. but right now, the theme is risk on. we have now 2 weeks ahead of us to squeeze shorts and think carefully about those rash decisions the panic sellers have made.

ps. thanks for your kind words. and all due respect. you have a good track record also.

[slapper]

Institutional investors with millions/billions will not be buying on exchanges. They will go directly to KnC/BFL/Chinese and maybe that Washington mining company. They will not be buying from exchanges. That is the biggest fallacy with your otherwise balanced view.

[Carra23]

Wait for a few days before panicking. I want the price to reach at least 550.

Selling at 480, buying at 430 is not much fun.

[Sawadekub]

again poor cosmofly making a FUD LOL!

this news is fake guys..

[knightcoin]

finally Happened

I quickly read, firmly Happened

[YipYip]

How many times does it need to be confirmed before the bears realise that the panic is over, and now the buying pressure has overcome all the pathetic selling forces that are left. Bitcoins are undervalued.

I scanned through this thread pretty well not reading any posts until I found someone with a track record of balanced and analytical posts. I found just you. I would like to inform you however that the panic is not over, and Bitcoin is not undervalued. I believe that the market is due another leg up where it will retest the long term descending right angled triangle, and for this reason, I am currently long Bitcoin. But looking further ahead, than the next few days, the news around about Bitcoin right now is horrible, and whilst I understand that MSM hype or negativity is the ultimate in contrarian indicators, there is also this issue of masses of stolen, Chinese, and newly mined coins that are looking to cash out.

Once $380 support fails, then this will instigate a massive psychological change in the market, turning formerly strong hands to weak hands. Then the Bitcoin market will get to know all about despair. I said before, I reckon the $200 range lies ahead in the not too distant future. Quote me for truth if you like.

It has been tested again & again.....

It wont go below 405...I am happy to bet 1BTC if there are any takers that the closing price on a 5 min candle on stamp is below 405 in the next 2 weeks

Realistically with the amount of volatility around I would take my own bet