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-   -   Bitcoin banned in china, about to crash (https://gfy.com/showthread.php?t=1127871)

jscott 12-05-2013 02:51 PM
I'm not selling...... no plan to

... if the price has a small dive, i'll just buy and wait for the rise again :)

halfpint 12-05-2013 03:46 PM
LOL it wont crash.. and this is a good thing cause it keeps the pesky banks out of it for now anyway :)

adultmobile 12-05-2013 05:25 PM
Unpredictable enough

http://bitcoinity.org/markets/image?span=7d&size=medium

nico-t 12-05-2013 05:39 PM
Latest news is bank of america came out with a bit of a positive statement about bitcoin:
http://www.usatoday.com/story/money/...-pboc/3876727/
Predictions of value, anyone?

seXXXhub 12-05-2013 05:50 PM
lol, bitcoin wasnt banned ... they said its a risky deal, thats all, fuck media .. and oh ..look ... BTC is just fine and rising

Chris 12-05-2013 06:18 PM
Quote:
Originally Posted by Shap (Post 19896855)
one major problem i see for people that are invested in bitcoin is that in a situation where you want to sell you can't.

I haven't heard of anyone being able to move more than $10,000 in bitcoin transactions at a time.
only place having problem getting money to people is mtgox

coinbase / btc-e all can handle very large volume

Shap 12-06-2013 05:32 AM
Quote:
Originally Posted by Chris (Post 19897859)
only place having problem getting money to people is mtgox

coinbase / btc-e all can handle very large volume
Do you know anyone personally that has withdrawn more than $10k at one time?

JFK 12-06-2013 05:35 AM
Quote:
Originally Posted by nexcom28 (Post 19896817)
Saw it drop. Thought about buying. Waited 10 minutes and price jumped $80. Oh well.
ya snooze , ya looze :2 cents:

quetzalcoatl 12-06-2013 06:14 AM
bitcoin is becoming more interesting :)

adultGeek 12-06-2013 11:30 AM
Quote:
Originally Posted by facialfreak (Post 19896874)
FFS man!! Could you fear-monger your headline any more????? :321GFY

BITCOIN WAS NOT BANNED IN CHINA!!

China banned financial institutions from getting involved in Bitcoin ...

This is a VERY POSITIVE step in China accepting bitcoin as an alternative currency, by NOT ALLOWING BANKS TO MANIPULATE THE VALUE OF BITCOIN!!

You do not buy or sell bitcoins thru a bank ... that defeats their purpose.

This just goes to prove that most people only read what they want to read, and hear what they want to hear ...... LMFAO
You are damn right! When bitcoin was trading at $50 last year, I remember people freaking out to sell them... And see where it stands today.

No risk, no gain. :)

jscott 12-06-2013 12:15 PM
Quote:
Originally Posted by Shap (Post 19898388)
Do you know anyone personally that has withdrawn more than $10k at one time?
:thumbsup :thumbsup :thumbsup

DWB 12-07-2013 06:00 AM
Quote:
Originally Posted by AllAboutCams (Post 19896824)
Nothing will happen
Quote:
Originally Posted by - Jesus Christ - (Post 19896805)
Sensationalist garbage.
Quote:
Originally Posted by nico-t (Post 19896943)
not a crash, more like a dip.
Quote:
Originally Posted by SlammedMedia (Post 19897572)
It'll be time to buy tonight!
Quote:
Originally Posted by halfpint (Post 19897711)
LOL it wont crash.
Quote:
Originally Posted by seXXXhub (Post 19897832)
BTC is just fine and rising
From $1200 to $576 in a matter of days is a crash.

Remind me to never, ever take financial advice from you guys. :)

jscott 12-07-2013 06:09 AM
DWB, you gotta admit that's quite a nice recovery though right? Already back up to $780'ish even after this China news. That $576 rate gave many new people opportunity to jump in :thumbsup

AllAboutCams 12-07-2013 06:11 AM
Quote:
Originally Posted by DWB (Post 19899593)
From $1200 to $576 in a matter of days is a crash.

Remind me to never, ever take financial advice from you guys. :)
Your welcome :thumbsup

DWB 12-07-2013 06:23 AM
Quote:
Originally Posted by jscott (Post 19899595)
DWB, you gotta admit that's quite a nice recovery though right? Already back up to $780'ish even after this China news. That $576 rate gave many new people opportunity to jump in :thumbsup
It depends on where it goes from here. My comments were to the guys saying it was stupid to sell any when it was $1200. If you did, you could double up right now.

Emil 12-07-2013 06:34 AM
Quote:
Originally Posted by DWB (Post 19899593)
From $1200 to $576 in a matter of days is a crash.

Remind me to never, ever take financial advice from you guys. :)
$576!?!?!?! What? Where???

nico-t 12-07-2013 06:38 AM
Quote:
Originally Posted by Emil (Post 19899612)
$576!?!?!?! What? Where???
you should keep an eye on this site regularly: http://bitcoinwisdom.com/

- Jesus Christ - 12-07-2013 06:54 AM
Quote:
Originally Posted by DWB (Post 19899593)
Remind me to never, ever take financial advice from you guys.
Like the piss ant you are... you can't see the big picture.

http://i.imgur.com/XyMh0zg.png


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