Bitcoin banned in china, about to crash - GoFuckYourself.com

Deputy Chief Command · 12-05-2013, 02:55 AM

http://www.bloomberg.com/news/2013-1...nsactions.html

Quote:

China Bans Financial Companies From Bitcoin Transactions

http://www.reuters.com/article/2013/...0JK1KZ20131205

Quote:

China central bank warns banks against use of bitcoin

bitcoin to reach sub $500 in next couple of hours ..

Markul · 12-05-2013, 02:59 AM

We shall see.

wehateporn · 12-05-2013, 02:59 AM

EddyTheDog · 12-05-2013, 03:03 AM

-15% in the last hour...

Make that -20%.....

oooops - That's -25%....

srockhard · 12-05-2013, 03:14 AM

Watching it in real time is true entertainment! http://preev.com/

Naughty · 12-05-2013, 03:16 AM

Greenspan calling it a bubble sure doesn't help i'd imagine

srockhard · 12-05-2013, 03:19 AM

Quote:

Originally Posted by Naughty

Greenspan calling it a bubble sure doesn't help i'd imagine

Everything has a bubble. I think bitcoin will pull through this.

- Jesus Christ - · 12-05-2013, 03:20 AM

Sensationalist garbage.

EddyTheDog · 12-05-2013, 03:22 AM

Quote:

Originally Posted by srockhard

Watching it in real time is true entertainment! http://preev.com/

It is coming back up according to http://bitcoinity.org/markets?theme=dark

Don't panic yet...

srockhard · 12-05-2013, 03:40 AM

Quote:

Originally Posted by EddyTheDog

It is coming back up according to http://bitcoinity.org/markets?theme=dark

Don't panic yet...

nice charts there thx for the link

nexcom28 · 12-05-2013, 03:46 AM

Saw it drop. Thought about buying. Waited 10 minutes and price jumped $80. Oh well.

Naughty · 12-05-2013, 03:49 AM

Quote:

Originally Posted by nexcom28

Saw it drop. Thought about buying. Waited 10 minutes and price jumped $80. Oh well.

Patience.

AllAboutCams · 12-05-2013, 03:56 AM

Nothing will happen

wehateporn · 12-05-2013, 04:15 AM

Quote:

Originally Posted by AllAboutCams

Nothing will happen

On it's way down again, I have a feeling that things won't look good by the end of the day, but I hope I'm wrong

Markul · 12-05-2013, 04:17 AM

Quote:

Originally Posted by AllAboutCams

Nothing will happen

just a punk · 12-05-2013, 04:20 AM

Quote:

Originally Posted by srockhard

Watching it in real time is true entertainment! http://preev.com/

adultchatpay · 12-05-2013, 04:20 AM

Quote:

Originally Posted by srockhard

Watching it in real time is true entertainment! http://preev.com/

The conversion changes every 5 seconds. Amazing.

Naughty · 12-05-2013, 04:27 AM

Quote:

Originally Posted by adultchatpay

The conversion changes every 5 seconds. Amazing.

That is actually quite normal.

seeandsee · 12-05-2013, 04:36 AM

let's see where will shit drop

Shap · 12-05-2013, 04:39 AM

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.

EddyTheDog · 12-05-2013, 04:55 AM

Quote:

Originally Posted by Shap

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.

As far as I know the right column on the site I posted before is transactions and I have seen a few go through for 200+ coins...

facialfreak · 12-05-2013, 05:09 AM

FFS man!! Could you fear-monger your headline any more?????

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

anexsia · 12-05-2013, 05:12 AM

Things like this are completely normal, bitcoin has had a lot of large crashes but it always ends up jumping back up. When Silk Road went down you had all these people (and even on here) saying bitcoin is fucked (when they don't even understand bitcoin in the first place) and BOOM it rises to new highs.

Markul · 12-05-2013, 05:38 AM

Quote:

Originally Posted by Shap

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.

That's what I pointed out last week too lol

Penny24Seven · 12-05-2013, 05:59 AM

it is the same place it was 3 days ago. Does this all the time and if you play it right it means big money

nico-t · 12-05-2013, 06:19 AM

not a crash, more like a dip.

DAMNMAN · 12-05-2013, 06:28 AM

Quote:

Originally Posted by wehateporn

On it's way down again, I have a feeling that things won't look good by the end of the day, but I hope I'm wrong

I hope you're right and then BUY BUY BUY!!!

DAMNMAN · 12-05-2013, 06:29 AM

Quote:

Originally Posted by Shap

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.

OUT, You mean? In is no problem. >;-))

Shap · 12-05-2013, 01:12 PM

Quote:

Originally Posted by DAMNMAN

OUT, You mean? In is no problem. >;-))

Correct I meant out.

Regardless of what any site reports I do not know anyone who has managed to get out more than $10k out a time. And I know people who have tried.

crockett · 12-05-2013, 01:19 PM

Quote:

Originally Posted by Shap

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.

I said this in another topic, the people whom had a lot of coins simply made phantom profits, that can only be realized if they can exchange for a second currency.

AsianDivaGirlsWebDude · 12-05-2013, 01:22 PM

Quote:

French central bank warns over bitcoin risks

(Reuters) - The Bank of France warned on Thursday about risks related to the digital currency bitcoin, adding its voice to growing concerns about the unregulated, online money.

Bitcoin is not backed by any central bank or government, or by physical assets. Their value depends on people's confidence in the currency.

It has been gaining acceptance by the general public and investment community but have yet to become an accepted form of payment on websites of major retailers such as Amazon.com.

The Bank of France said the price of bitcoin in legal currencies was inherently volatile and users may find it difficult to convert to real money.

The anonymity that bitcoin offer users also raises the risk that they could also be used for money-laundering and financing of terrorism, the central bank said in a publication.

"Even if bitcoin is not currently a credible investment vehicle and therefore do not pose a significant risk to financial stability, they represent a financial risk for those who hold them," the Bank of France said.

Though the central bank saw no threat to its monopoly on the issuance of legal tender, bitcoin's growing popularity has increasingly attracted the attention of authorities in several countries, including China and the United States.

The Chinese central bank warned financial institutions on Thursday against trading bitcoin, which has proven particularly popular in China.

The price of the digital currency rose over $1,000 last month for the first time, extending a 400 percent surge in less than a month and fuelling concerns of a bubble in the making.

The Bank of France warned that speculating on the price of bitcoin could become costly if other users became unwilling to convert gains into legal tender, potentially putting the whole system at risk of collapse if bitcoin demand evaporated.

Noting a growing number of retailers and service providers who accept bitcoin for payment in France, the central bank warned they benefited from no guarantee that the bitcoin could be cashed for real money.

ADG

Tookie- · 12-05-2013, 01:27 PM

hahahaha

_Richard_ · 12-05-2013, 01:30 PM

if history is any example, next week itll be 2k?

onwebcam · 12-05-2013, 01:31 PM

Quote:

Originally Posted by AsianDivaGirlsWebDude

"Their value depends on people's confidence in the currency."

That's every currency.. Central banks are warning because there is no confidence in their currency.

_Richard_ · 12-05-2013, 01:31 PM

http://www.coindesk.com/bank-of-america-bitcoin-growth/

'Bank of America: Bitcoin Has Clear Potential for Growth'

DWB · 12-05-2013, 01:34 PM

Quote:

Originally Posted by - Jesus Christ -

Sensationalist garbage.

Normalcy bias.

PornDiscounts-V · 12-05-2013, 02:08 PM

Looking solid at $1,000+

SlammedMedia · 12-05-2013, 02:16 PM

It'll be time to buy tonight!

SlammedMedia · 12-05-2013, 02:21 PM

Quote:

Originally Posted by _Richard_

http://www.coindesk.com/bank-of-america-bitcoin-growth/

'Bank of America: Bitcoin Has Clear Potential for Growth'

Obviously.

SlammedMedia · 12-05-2013, 02:29 PM

Quote:

Originally Posted by Naughty

Greenspan calling it a bubble sure doesn't help i'd imagine

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

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

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

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

Saw it drop. Thought about buying. Waited 10 minutes and price jumped $80. Oh well.

ya snooze , ya looze

quetzalcoatl · 12-06-2013, 06:14 AM

bitcoin is becoming more interesting

adultGeek · 12-06-2013, 11:30 AM

Quote:

Originally Posted by facialfreak

FFS man!! Could you fear-monger your headline any more?????

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.

12-05-2013, 02:59 AM	#3
wehateporn Promoting Debate on GFY Industry Role: Join Date: Apr 2007 Posts: 27,173	__________________ Sexy Girls Teasing

12-05-2013, 03:14 AM	#5
srockhard Retired Industry Role: Join Date: Jul 2011 Location: PDXXX Posts: 1,976	Watching it in real time is true entertainment! http://preev.com/ __________________ Piper Pines

12-05-2013, 03:20 AM	#8
- Jesus Christ - Confirmed User Industry Role: Join Date: Mar 2003 Location: ::::::::::::: :::::::::::\|\|::::::::::: :::::::::::\|\|::::::::::: :::::::::::\|\|::::::::::: :::::::::::\|\|::::::::::: :::::::::::\|\|::::::::::: ::::::\|\|\|\|\|\|\|\|\|\|\|\|:::::: :::::::::::\|\|::::::::::: :::::::::::\|\|::::::::::: :::::::::::::::::::::::: Posts: 7,197	Sensationalist garbage. __________________ Amen

12-05-2013, 03:56 AM	#13
AllAboutCams Femcams.com Industry Role: Join Date: Jul 2011 Location: bjcam.com Posts: 12,222	Nothing will happen __________________ Binance - Blockchain and Crypto Asset Exchange Chaturbate make money in cams

12-05-2013, 04:36 AM	#19
seeandsee Check SIG! Industry Role: Join Date: Mar 2006 Location: Europe (Skype: gojkoas) Posts: 50,945	let's see where will shit drop __________________ BUY MY SIG - 50$/Year Contact here

12-05-2013, 02:59 AM	#2
Markul Likes Pie Industry Role: Join Date: Dec 2007 Location: The land that liberated porn Posts: 12,401	We shall see.

12-05-2013, 03:03 AM	#4
EddyTheDog Just Doing My Own Thing Industry Role: Join Date: Jan 2011 Location: London, Spain, New Zealand, GFY - Not Croydon... Posts: 25,064	-15% in the last hour... Make that -20%..... oooops - That's -25%....

12-05-2013, 03:16 AM	#6
Naughty Confirmed User Industry Role: Join Date: Jul 2001 Location: Utopia Posts: 6,480	Greenspan calling it a bubble sure doesn't help i'd imagine

12-05-2013, 03:46 AM	#11
nexcom28 So Fucking Banned Join Date: Jan 2005 Posts: 3,716	Saw it drop. Thought about buying. Waited 10 minutes and price jumped $80. Oh well.

12-05-2013, 04:39 AM	#20
Shap Confirmed User Industry Role: Join Date: May 2001 Posts: 8,313	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.

12-05-2013, 05:09 AM	#22
facialfreak Confirmed User Join Date: Feb 2005 Location: Montreal Posts: 3,018	FFS man!! Could you fear-monger your headline any more????? 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 __________________ Managed Shared Hosting starting at $4.99/mo Managed VPS starting at $29.99/mo Last edited by facialfreak; 12-05-2013 at 05:12 AM..

12-05-2013, 05:12 AM	#23
anexsia Confirmed User Industry Role: Join Date: May 2010 Posts: 5,735	Things like this are completely normal, bitcoin has had a lot of large crashes but it always ends up jumping back up. When Silk Road went down you had all these people (and even on here) saying bitcoin is fucked (when they don't even understand bitcoin in the first place) and BOOM it rises to new highs.

12-05-2013, 05:59 AM	#25
Penny24Seven So Fucking What Industry Role: Join Date: Jun 2007 Location: USA Posts: 6,287	it is the same place it was 3 days ago. Does this all the time and if you play it right it means big money __________________ Our site is coming soon. It will be one of the best ever! I know so. Brian and Penny

12-05-2013, 06:19 AM	#26
nico-t emperor of my world Join Date: Aug 2004 Location: nethalands Posts: 29,903	not a crash, more like a dip.

12-05-2013, 01:27 PM	#32
Tookie- So Fucking Banned Join Date: Dec 2005 Posts: 140	hahahaha

12-05-2013, 01:30 PM	#33
_Richard_ Too lazy to set a custom title Industry Role: Join Date: Oct 2006 Location: Earth Posts: 30,989	if history is any example, next week itll be 2k?

12-05-2013, 01:31 PM	#35
_Richard_ Too lazy to set a custom title Industry Role: Join Date: Oct 2006 Location: Earth Posts: 30,989	http://www.coindesk.com/bank-of-america-bitcoin-growth/ 'Bank of America: Bitcoin Has Clear Potential for Growth'

12-05-2013, 02:08 PM	#37
PornDiscounts-V Confirmed User Industry Role: Join Date: Oct 2003 Location: L.A. Posts: 5,744	Looking solid at $1,000+ __________________ Blog Posts - Contextual Links - Hardlinks on 600+ Blog Network * Handwritten * 180 C Class IPs * Permanent! * Many Niches! * Bulk Discounts! GFYPosts /at/ J2Media.net

12-05-2013, 02:16 PM	#38
SlammedMedia Confirmed User Industry Role: Join Date: Apr 2008 Posts: 1,573	It'll be time to buy tonight! __________________ ICQ: 350-260-628

12-05-2013, 02:51 PM	#41
jscott So Fucking Banned Industry Role: Join Date: Feb 2001 Location: Taipei Posts: 25,198	I'm not selling...... no plan to ... if the price has a small dive, i'll just buy and wait for the rise again

12-05-2013, 03:46 PM	#42
halfpint GFY's Halfpint Industry Role: Join Date: Jun 2007 Location: UK Posts: 15,223	LOL it wont crash.. and this is a good thing cause it keeps the pesky banks out of it for now anyway __________________ Get FREE website listings on Cryptocoinshops.net

12-05-2013, 05:25 PM	#43
adultmobile No, I am not banned Industry Role: Join Date: Nov 2003 Location: ChatGF.com Posts: 5,345	Unpredictable enough __________________ TubeCamGirl.com

12-05-2013, 05:39 PM	#44
nico-t emperor of my world Join Date: Aug 2004 Location: nethalands Posts: 29,903	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?

12-05-2013, 05:50 PM	#45
seXXXhub Confirmed User Industry Role: Join Date: May 2011 Posts: 628	lol, bitcoin wasnt banned ... they said its a risky deal, thats all, fuck media .. and oh ..look ... BTC is just fine and rising __________________

12-06-2013, 06:14 AM	#49
quetzalcoatl Registered User Industry Role: Join Date: Nov 2013 Posts: 32	bitcoin is becoming more interesting