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Author Topic: Good news and Bad news  (Read 2814 times)
bitcasino
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July 07, 2014, 09:40:45 PM
 #21

On which exchange, I wonder Wink

It was probably some local exchange without any licence to exist.
It is not so bad that they shut it down, because its possible that in the future we would see another news about people that got scammed by failed exchange.

As far as i see this, this is just good news. Smiley

It's more than that,
Bitcoin is recently under attack in Europe and France:
EBA opinion
http://www.eba.europa.eu/documents/10180/657547/EBA-Op-2014-08+Opinion+on+Virtual+Currencies.pdf

AMF (download the document)
http://www.amf-france.org/en_US/Publications/Lettres-et-cahiers/Risques-et-tendances/Archives.html?docId=workspace%3A%2F%2FSpacesStore%2Fb87033f5-ecbf-41f1-8236-ee44c91df3c7&langSwitch=true

http://www.coindesk.com/french-officials-seize-272800-illegal-bitcoin-exchange/
herzmeister
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July 07, 2014, 09:42:43 PM
 #22


yeah, thought about that too, interesting story to unfold here...  Shocked

https://localbitcoins.com/?ch=80k | BTC: 1LJvmd1iLi199eY7EVKtNQRW3LqZi8ZmmB
silentgwad
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July 07, 2014, 09:48:57 PM
 #23

MSN news is just another crappy news feed that probably google translated a french article
Here is a decent one with real material: http://www.cryptocoinsnews.com/news/france-confiscates-first-bitcoins-from-arrested-illegal-bitcoin-exchange-operators/2014/07/07

"If regulators stomp on bitcoin, they will turn the gecko into a komodo dragon that will bite off their foot." - Andreas Antonopoulos
designfail
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July 07, 2014, 09:54:39 PM
 #24

I started to feel annoyed when some little crappy news takes the price down significantly. Something is definitely not right here
Bagatell
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July 07, 2014, 09:56:50 PM
 #25

I started to feel annoyed when some little crappy news takes the price down significantly. Something is definitely not right here

You're confusing coincidence with causality.
designfail
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July 07, 2014, 10:05:30 PM
 #26

either way. I jumped in when the price was 520->460->420->560->580, so maybe it's time for me to quit. I do not believe in 'to da moon'.
franky1
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July 07, 2014, 10:13:51 PM
 #27

will the FUD ever stop!!!

the pdf from the EBA has one paragraph about bitcoin. and all it says is that bitcoin can be risky, and that it needs to publicly announce those risks

meaning like every other country (bolivia, china, russia, UK, america)

"bitcoins are risky, they are unregulated and investors can lose aswell as gain"

so chill out folks its not war!!

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
Bit_Happy
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July 07, 2014, 10:28:09 PM
 #28

either way. I jumped in when the price was 520->460->420->560->580, so maybe it's time for me to quit. I do not believe in 'to da moon'.

You can (partially) "jump out"  the same way.
Maybe, sell a little for a profit and hold the rest, since BTC fundamentals are looking really strong.

Skele
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July 08, 2014, 06:24:44 PM
 #29

After some time every bad news turns into good ones for Bitcoin, at any case it still increases its popularity and carefulness of holders.

€ 9000 each ? holly...
CoinFire
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July 09, 2014, 05:27:16 PM
 #30

either way. I jumped in when the price was 520->460->420->560->580, so maybe it's time for me to quit. I do not believe in 'to da moon'.

I don't look at it as an investment you jump in or out of. I look at hedging slightly because I would rather see it become an actual currency being used to buy and sell goods and services and not just an investment platform to make fiat money.

designfail
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July 10, 2014, 02:44:46 AM
 #31

either way. I jumped in when the price was 520->460->420->560->580, so maybe it's time for me to quit. I do not believe in 'to da moon'.

You can (partially) "jump out"  the same way.
Maybe, sell a little for a profit and hold the rest, since BTC fundamentals are looking really strong.
Thanks for your advice. I am anyway stuck with $3K sale limit at coinbase.. selling 4btc a day will will take me quiet a time to cash out
designfail
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July 10, 2014, 02:48:10 AM
 #32

either way. I jumped in when the price was 520->460->420->560->580, so maybe it's time for me to quit. I do not believe in 'to da moon'.

I don't look at it as an investment you jump in or out of. I look at hedging slightly because I would rather see it become an actual currency being used to buy and sell goods and services and not just an investment platform to make fiat money.
Despite all recent positive news I do not think we are ready for the primetime yet. Maybe one or two more iterations bubble-collapse. We still do not know whats gonna happen with the remaining Silk Road coins, mt gox coins.. this dust should settle.
CoinFire
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July 10, 2014, 03:57:39 AM
 #33

either way. I jumped in when the price was 520->460->420->560->580, so maybe it's time for me to quit. I do not believe in 'to da moon'.

I don't look at it as an investment you jump in or out of. I look at hedging slightly because I would rather see it become an actual currency being used to buy and sell goods and services and not just an investment platform to make fiat money.
Despite all recent positive news I do not think we are ready for the primetime yet. Maybe one or two more iterations bubble-collapse. We still do not know whats gonna happen with the remaining Silk Road coins, mt gox coins.. this dust should settle.

Absolutely we've still got some major issues that will need to be resolved but it seems that they are, slowly.

ipnone5only
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July 13, 2014, 06:13:00 PM
 #34

France is the least capitalistic country in Europe. Their regulations are so extreme, it's basically impossible to start a business and taxes are incredibly high. They are a welfare state where it's easier to be unemployed than start a business.
ipnone5only
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July 13, 2014, 06:19:18 PM
 #35

They are in dire need of Bitcoin. I hope a very strong grass roots movement begins.
Nerazzura
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July 19, 2014, 05:37:58 PM
 #36

Bad News
French Authorities dismantle "Illegal" Bitcoin exchange.
http://money.msn.com/business-news/article.aspx?feed=OBR&date=20140707&id=17754490

Good News!

Bitcoin is worth 9000 Euro in France!

"During a raid last week on one of the suspects' homes, investigators seized a portfolio of Bitcoins - worth some 9,000 euros per unit - as well as credit cards and computer hardware."

hmm .. I just take the good news of its course. for bad news not too ignored: D
barney_stinson
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July 19, 2014, 05:48:45 PM
 #37

France is a place where you can be rich (with bitcoins of course) and can be out of law at the same time.
BTCfan668
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July 19, 2014, 05:57:12 PM
 #38

Bad News
French Authorities dismantle "Illegal" Bitcoin exchange.
http://money.msn.com/business-news/article.aspx?feed=OBR&date=20140707&id=17754490

Good News!

Bitcoin is worth 9000 Euro in France!

"During a raid last week on one of the suspects' homes, investigators seized a portfolio of Bitcoins - worth some 9,000 euros per unit - as well as credit cards and computer hardware."
I think the author was misinformed as to the value of bitcoin.

The exchange rate has not changed that much recently
Lohoris
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July 19, 2014, 08:23:10 PM
 #39

Bad News
French Authorities dismantle "Illegal" Bitcoin exchange.
http://money.msn.com/business-news/article.aspx?feed=OBR&date=20140707&id=17754490

Good News!

Bitcoin is worth 9000 Euro in France!

"During a raid last week on one of the suspects' homes, investigators seized a portfolio of Bitcoins - worth some 9,000 euros per unit - as well as credit cards and computer hardware."
I think the author was misinformed as to the value of bitcoin.

The exchange rate has not changed that much recently

1LohorisJie8bGGG7X4dCS9MAVsTEbzrhu
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