basically the Chinese government just said "No, no you cant use bitcoins to launder your money, that doesnt work for us" and a billion Chinese e-toilets flushed at once.
basically the Chinese government just said "No, no you cant use bitcoins to launder your money, that doesnt work for us" and a billion Chinese e-toilets flushed at once.
"Birds born in a cage think flying is an illness." - Alejandro Jodorowsky
"America is not so much a nightmare as a non-dream. The American non-dream is precisely a move to wipe the dream out of existence. The dream is a spontaneous happening and therefore dangerous to a control system set up by the non-dreamers." -- William S. Burroughs
I posted something a while ago about vacant Chinese cities. Tribute to their mammoth real estate bubble.
The bubble lovin Chinese.
yeah the ghost cities are a pitch perfect analogy.
"Birds born in a cage think flying is an illness." - Alejandro Jodorowsky
"America is not so much a nightmare as a non-dream. The American non-dream is precisely a move to wipe the dream out of existence. The dream is a spontaneous happening and therefore dangerous to a control system set up by the non-dreamers." -- William S. Burroughs
You're an idiot. Show is just beginning. Sick, sick dog.Originally Posted by Sanlmar
I was wrong.
So what do you do if you are the Winkelvos kids and you've already fucked up once....
Bag the profit and bail?
Or take at least some off the table....
http://bitcoin.clarkmoody.com/
really is sick to watch in real time
If they can prop it up above $1100 there is still something for everyone to trade - there is still a good market.
It'll be fun to watch. It won't be easy cause this can be manipulated so easily as we all know.
Unexpected big sellers caught market short. Sonatines bots are back to work now.
I gotta sleep. 5am EST
Ciao
Jeez, losing support again. Let's say 1025.
Can't quit now.. Like trying to drive by a car accident
plot twist:
chinese government knew that statement would cause btc to plummet and they are loading up at a discount
What happens if we lose 1000 support? Druff wanted to buy the dip. Should we wake him?
About to drop quite heavy now.
Sell orders in the queue just doubled and volume is picking up.
nyc just woke up
I think they might have taken it from like $200 to $1100. But those people are not affected by the government mandate you just posted.
"The public is free to participate in Internet transactions provided they take on the risk themselves"
based on my total lack of informed research and love of my own voice, i predict a drop to 710btc over the course of the night and a bump back to 925 by tomorrow eve.
"Birds born in a cage think flying is an illness." - Alejandro Jodorowsky
"America is not so much a nightmare as a non-dream. The American non-dream is precisely a move to wipe the dream out of existence. The dream is a spontaneous happening and therefore dangerous to a control system set up by the non-dreamers." -- William S. Burroughs
The Chinese investors are basically minigarchs looking to shelter wealth against tax reform and inflation. Being unable to tumble funds and launder through banks deads their whole gameplan.I think they might have taken it from like $200 to $1100. But those people are not affected by the government mandate you just posted.
"The public is free to participate in Internet transactions provided they take on the risk themselves"
"Birds born in a cage think flying is an illness." - Alejandro Jodorowsky
"America is not so much a nightmare as a non-dream. The American non-dream is precisely a move to wipe the dream out of existence. The dream is a spontaneous happening and therefore dangerous to a control system set up by the non-dreamers." -- William S. Burroughs
Will it break $840 support?
It's gotta bounce here
this dead cats got a long way to go.
"Birds born in a cage think flying is an illness." - Alejandro Jodorowsky
"America is not so much a nightmare as a non-dream. The American non-dream is precisely a move to wipe the dream out of existence. The dream is a spontaneous happening and therefore dangerous to a control system set up by the non-dreamers." -- William S. Burroughs
Yup, it's a wounded animal.
Those who had blind faith in the bubble are gonna rethink life.
But it ain't going to zero anytime soon.
There will be a lotta fight left.
Trade the bounces some other time.
I would have to read Chinese to know for sure, but from the way I read your linked page- that's still completely cool. What the government forbade was the banks themselves from owning bitcoins as reserve holdings, the way they hold Euros or Dollars. I don't think it would make a ton of sense for them to do that anyway, since the amount of money involved just isn't large enough.
This is fun to watch way too early in the morning
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