Hong Kong Issues Warning About Bitcoin

[dataispower]

"Hong Kong’s central bank has warned against investing in virtual currencies"

http://www.nytimes.com/2015/02/11/business/international/hong-kong-issues-warning-about-bitcoin.html?_r=1

[FeedbackLoop]

Hong Kong central bank, not Hong Kong though.

One day after this was posted:
http://www.reddit.com/r/Bitcoin/comments/2vacxz/the_huge_smiles_on_these_migrant_workers_faces/

[dataispower]

Hong Kong central bank, not Hong Kong though.

That is the title of the article.

[fonzie]

[FeedbackLoop]

Hong Kong central bank, not Hong Kong though.

That is the title of the article.

You are right. It's a pity that for mainstream media, central banks and a country are the same and only. :/

[bf4btc]

Hong Kong central bank, not Hong Kong though.

That is the title of the article.

You are right. It's a pity that for mainstream media, central banks and a country are the same and only. :/

Oh no a central bank gives out a warning lol

They always have our best interests at heart don't they, creating money from nothing causing our hard working paper to lose value.

This to me is a signal of hope and that they are starting to be fearful 

[fonzie]

Hong Kong central bank, not Hong Kong though.

That is the title of the article.

You are right. It's a pity that for mainstream media, central banks and a country are the same and only. :/

Oh no a central bank gives out a warning lol

They always have our best interests at heart don't they, creating money from nothing causing our hard working paper to lose value.

This to me is a signal of hope and that they are starting to be fearful 

Sure man, send all your funds to Hongkong(Bitfdinex or OKCoin) , and go max leverage long, this is a one in a lifetime chance.
Smart Bitcoiners know to "be greedy when others, blablabla"


Edit: No, honestly, after that warning most likely a ban for the local exchanges will follow. That´s the way how they deal with it in China. An official warning is almost the same as a ban. If the exchanges don´t shutdown out of free will, they will be forced to do so in the next weeks.

[dataispower]

Hong Kong central bank, not Hong Kong though.

That is the title of the article.

You are right. It's a pity that for mainstream media, central banks and a country are the same and only. :/

Oh no a central bank gives out a warning lol

They always have our best interests at heart don't they, creating money from nothing causing our hard working paper to lose value.

This to me is a signal of hope and that they are starting to be fearful 

Edit: No, honestly, after that warning most likely a ban for the local exchanges will follow. That´s the way how they deal with it in China. An official warning is almost the same as a ban. If the exchanges don´t shutdown out of free will, they will be forced to do so in the next weeks.

You think that there will be a massive sell-off?

[kwukduck]

Big bank issues  a warning based on fake news... Nice...
Prepare to fall below $200 today. This will trigger some good'ole panic.
Nice event to short all the way to sub $100

[fonzie]

Hong Kong central bank, not Hong Kong though.

That is the title of the article.

You are right. It's a pity that for mainstream media, central banks and a country are the same and only. :/

Oh no a central bank gives out a warning lol

They always have our best interests at heart don't they, creating money from nothing causing our hard working paper to lose value.

This to me is a signal of hope and that they are starting to be fearful 

Edit: No, honestly, after that warning most likely a ban for the local exchanges will follow. That´s the way how they deal with it in China. An official warning is almost the same as a ban. If the exchanges don´t shutdown out of free will, they will be forced to do so in the next weeks.

You think that there will be a massive sell-off?

I have no idea, but i would guess it will start slowly and cascade more violently within the next 2-3 days.

[dataispower]

Hong Kong central bank, not Hong Kong though.

That is the title of the article.

You are right. It's a pity that for mainstream media, central banks and a country are the same and only. :/

Oh no a central bank gives out a warning lol

They always have our best interests at heart don't they, creating money from nothing causing our hard working paper to lose value.

This to me is a signal of hope and that they are starting to be fearful 

Edit: No, honestly, after that warning most likely a ban for the local exchanges will follow. That´s the way how they deal with it in China. An official warning is almost the same as a ban. If the exchanges don´t shutdown out of free will, they will be forced to do so in the next weeks.

You think that there will be a massive sell-off?

I have no idea, but i would guess it will start slowly and cascade more violently within the next 2-3 days.

I wonder how the market will react if bitcoin goes to double digits.

[kwukduck]

Hong Kong central bank, not Hong Kong though.

That is the title of the article.

You are right. It's a pity that for mainstream media, central banks and a country are the same and only. :/

Oh no a central bank gives out a warning lol

They always have our best interests at heart don't they, creating money from nothing causing our hard working paper to lose value.

This to me is a signal of hope and that they are starting to be fearful 

Edit: No, honestly, after that warning most likely a ban for the local exchanges will follow. That´s the way how they deal with it in China. An official warning is almost the same as a ban. If the exchanges don´t shutdown out of free will, they will be forced to do so in the next weeks.

You think that there will be a massive sell-off?

I have no idea, but i would guess it will start slowly and cascade more violently within the next 2-3 days.

I wonder how the market will react if bitcoin goes to double digits.

With more panic and hate towards bitcoin.
This upcoming total collapse is what I've been warning people about for a long time.

[bf4btc]

Hong Kong central bank, not Hong Kong though.

That is the title of the article.

You are right. It's a pity that for mainstream media, central banks and a country are the same and only. :/

Oh no a central bank gives out a warning lol

They always have our best interests at heart don't they, creating money from nothing causing our hard working paper to lose value.

This to me is a signal of hope and that they are starting to be fearful 

Edit: No, honestly, after that warning most likely a ban for the local exchanges will follow. That´s the way how they deal with it in China. An official warning is almost the same as a ban. If the exchanges don´t shutdown out of free will, they will be forced to do so in the next weeks.

You think that there will be a massive sell-off?

I have no idea, but i would guess it will start slowly and cascade more violently within the next 2-3 days.

I wonder how the market will react if bitcoin goes to double digits.

With more panic and hate towards bitcoin.
This upcoming total collapse is what I've been warning people about for a long time.

There is no total collapse coming.

A wise man once said something i have seen to be true - “First they ignore you, then they ridicule you, then they fight you, and then you win.”

We are somewhere between ridicule and fight looking forward to what happens next 

[sgk]

"Hong Kong’s central bank has warned against investing in virtual currencies"

http://www.nytimes.com/2015/02/11/business/international/hong-kong-issues-warning-about-bitcoin.html?_r=1

They do this all the time. China and Hong Kong.

Create panic by "banning" Bitcoin or issue warning against it, and then they keep accumulating more and more Bitcoins.
http://fiatleak.com/

[ElectricMucus]

great, now dump

[sandykho47bt]

Hong Kong’s central bank should investigate that incident, not give stupid warning
And i bet they soon will ban bitcoin

But, looks like bitcoin price might went down below $200 soon

[dataispower]

Hong Kong central bank, not Hong Kong though.

That is the title of the article.

You are right. It's a pity that for mainstream media, central banks and a country are the same and only. :/

Oh no a central bank gives out a warning lol

They always have our best interests at heart don't they, creating money from nothing causing our hard working paper to lose value.

This to me is a signal of hope and that they are starting to be fearful 

Edit: No, honestly, after that warning most likely a ban for the local exchanges will follow. That´s the way how they deal with it in China. An official warning is almost the same as a ban. If the exchanges don´t shutdown out of free will, they will be forced to do so in the next weeks.

You think that there will be a massive sell-off?

I have no idea, but i would guess it will start slowly and cascade more violently within the next 2-3 days.

I wonder how the market will react if bitcoin goes to double digits.

With more panic and hate towards bitcoin.
This upcoming total collapse is what I've been warning people about for a long time.

That sounds too pessimistic.

[valvalis]

brace yourself, panic seller will make BTC falling again.
I hope BTC wouldnt drop under $200 ever again.

[Professor Plums]

Aren't they always issuing warnings or 'banning' bitcoin. Anyway, it's just a warning and I'm not surprised given the recent thefts/ scams there. Bitcoin will keep moving on regardless.

[Q7]

I suppose this has something to do related to the MyCoin disappearance?