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Cryptogirl82 (OP)
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April 25, 2014, 06:54:14 AM |
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Anybody know why this is happening? Some more bad news been spread about BTC?
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PRIMEDICE The Premier Bitcoin Gambling Experience @PrimeDice
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According to NIST and ECRYPT II, the cryptographic algorithms used in
Bitcoin are expected to be strong until at least 2030. (After that, it
will not be too difficult to transition to different algorithms.)
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BetMoose
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April 25, 2014, 06:59:36 AM |
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Could be the PBOC 'ban' 'again'. https://bitcointalk.org/index.php?topic=583633.0Or as someone said in the thread: The real reason for the recent drop was the confirmation of Mt Gox liquidation by the Japanese courts and the possibility of an auction of the remaining Gox coins. Honestly though do you care? If so, why not buy some insurance or hedge your investment/bet? These drops happen daily with bitcoin. If we have a massive drop or or a continued run-down, then I'd start asking questions, even then though - are you planning to cash out? What is your target? What is your stop-loss? Hope that helps. |
BetMoose.com - Wager on real world events. Profit from predicting the future. Create and share your own contracts.
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TheButterZone
Legendary
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Activity: 3052
Merit: 1031
RIP Mommy
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April 25, 2014, 07:04:37 AM |
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China's just going to keep banning BTC every fucking month and because everyone in China is apparently dosed with amnesia drugs every fucking month, BTC will keep tanking out of absolutely idiotic "fear". It's long past time China's bluff is called, if they're going to genocide BTC hodlers or not.
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Saying that you don't trust someone because of their behavior is completely valid.
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franky1
Legendary
 Online
Activity: 4214
Merit: 4475
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April 25, 2014, 07:08:45 AM |
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panicky noobs that let their emotions and not their brains control their investments.
in reality chinese exchanges have already changed their deposit FIAT account numbers from central banks to commercial banks. so people can still trade without any noticable impact.
bitstamp done this years ago when some american banks got a little scared, bitpay did too. so did pretty much all the western world exchanges at some point in the past.. and what was the western worlds response
"oh look, their bank details have changed, ok just have to change a few digits on my wire transfer" 5 seconds later "ahhhh, business as usual"
so Why the F**k do westerners that dont even deposit into chinese banks get so panicky over a minor change of just a dozen digits on an exchanges deposit page.
media fud spreaders are over exaggerating Wetards, especially when the western world never uses banks official announcement webpage as their source, but a mis-translation of another media company.
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I DO NOT TRADE OR ACT AS ESCROW ON THIS FORUM EVER.
Please do your own research & respect what is written here as both opinion & information gleaned from experience. many people replying with insults but no on-topic content substance, automatically are 'facepalmed' and yawned at
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redhawk979
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April 25, 2014, 07:08:48 AM |
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Oh noes I won't get rich quick now
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bryant.coleman
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Activity: 3654
Merit: 1217
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April 25, 2014, 07:11:14 AM |
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I don't care about these temporary dips anymore. Some noob spreads some rumors about China and the price crashes. It recovers after 2-3 days. I have already witnessed this at least 3 times this month. Getting really boring.
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BetMoose
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April 25, 2014, 07:12:23 AM |
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I don't care about these temporary dips anymore. Some noob spreads some rumors about China and the price crashes. It recovers after 2-3 days. I have already witnessed this at least 3 times this month. Getting really boring.
Sounds like you can/should probably start trading then no?  |
BetMoose.com - Wager on real world events. Profit from predicting the future. Create and share your own contracts.
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Cryptogirl82 (OP)
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April 25, 2014, 07:27:49 AM |
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I have buy options at 350$, so it can drop a bit more as far as I am concerned  |
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PRIMEDICE The Premier Bitcoin Gambling Experience @PrimeDice
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Elwar
Legendary
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Activity: 3598
Merit: 2386
Viva Ut Vivas
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April 25, 2014, 07:34:12 AM |
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Ban #46 by Chinese banks.
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First seastead company actually selling sea homes: Ocean Builders https://ocean.builders Of course we accept bitcoin. |
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1Referee
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Activity: 2170
Merit: 1427
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April 25, 2014, 07:51:54 AM |
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Once every month China will "ban" Bitcoin, how funny is that! And there are a lot people still buying this "news"
Prepare yourself for next month, another "ban"
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bryant.coleman
Legendary
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Activity: 3654
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April 25, 2014, 08:04:29 AM |
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Sounds like you can/should probably start trading then no? I have already placed 10 different buy orders, each at $10 intervals, from $160 to $250. Let's see whether BTC will fall that low or not.  A few weeks ago, in BTC-E, it had dipped to $164 for a few seconds, as a result of a massive BTC10,000 dump. |
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franky1
Legendary
Online
Activity: 4214
Merit: 4475
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April 25, 2014, 08:10:53 AM |
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this topic should be moved to speculation.
we dont need a new topic for every rise or drop..
in fact ill predict the future topics relating to this
"bitcoin is rising"
"bitcoin falling again"
"bitcoin is on the move"
"anyone know whats causing this rise"
"anyone know whats causing this drop"
"anyone know whats causing this movement"
there. that should cover it.
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I DO NOT TRADE OR ACT AS ESCROW ON THIS FORUM EVER.
Please do your own research & respect what is written here as both opinion & information gleaned from experience. many people replying with insults but no on-topic content substance, automatically are 'facepalmed' and yawned at
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Tonka Branded Truck
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April 25, 2014, 08:25:04 AM |
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It is time again to buy. Panic sellers sell your btc to us.  |
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bitgeek
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April 25, 2014, 09:03:38 AM |
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China banned bitcoin again? Oh noes! Judging by the drops people didn't learn anything.
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Cryptogirl82 (OP)
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April 25, 2014, 09:05:58 AM |
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this topic should be moved to speculation.
we dont need a new topic for every rise or drop..
in fact ill predict the future topics relating to this
"bitcoin is rising"
"bitcoin falling again"
"bitcoin is on the move"
"anyone know whats causing this rise"
"anyone know whats causing this drop"
"anyone know whats causing this movement"
there. that should cover it.
well I wasn't really speculating, I simply asked the question why the BTC is falling? |
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PRIMEDICE The Premier Bitcoin Gambling Experience @PrimeDice
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Testing123
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April 25, 2014, 10:40:19 AM |
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China banned bitcoin again? Oh noes! Judging by the drops people didn't learn anything.
I thought all panic-sellers have already left bitcoin, but it seems there are still plenty of them lol.  |
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MrBea
Sr. Member
Offline
Activity: 242
Merit: 250
Bitcorns
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April 25, 2014, 11:15:12 AM |
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China loves gold so they dumped paper, bought the JP Morgan gold vault next to the NY Fed and bought a shitload of physical.
China loves Bitcoin so they FUD the price down and buy the shit. They know the west is preoccupied with paper denominated prices and they use this to their advantage to accumulate real wealth.
Be Chinese. Hodl your bits
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Gathering bitcorns.
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CoinRocka
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April 25, 2014, 11:20:37 AM |
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Buying...hoarding...hodling!
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honorem
Newbie
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Activity: 29
Merit: 0
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April 25, 2014, 11:29:36 AM |
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3th tima in just a few months that China is 'banning' bitcoin............
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ElitistCA
Sr. Member
Offline
Activity: 477
Merit: 250
Blockchain Just Entered The Real World
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April 25, 2014, 11:29:47 AM |
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Chinese economists are smart, they have central planning and stiil grow economically, sure they are buying BTC.
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