Haven't found any concrete evidence or a translation of an official announcement yet. I personally don't take these "rumours" seriously. My Take is that the Chinese government itself is likely one of the biggest investors in the cryptocurrency space. Whenever they feel the need to buy more they "leak" this kind of information and start filling their buy orders. They have banned bitcoin and bitcoin trading so many times it is not even funny any more.
Looks like people are already panic selling though. Even if it doesn't pan out I am pleased to have the opportunity to buy in to some more tokens and not even the great firewall can stop otc bitcoin trading in china I want at a discount. The Chinese government seems to like making blood on the crypto streets on a regular basis, why not take advantage of it? I just hope in china will not be a rule like ; chinese people only can use chinese crypto exchanger.
A lot of people benefit from cryptos in different ways, its not black and white area. Morons sell whilst the sensible people buy coins at a discount. The funny thing is the morons never seem to change this behaviour. Its probably just them starting it off causing a chainreaction of morons to dump. Noticed the first big sell off had happened ok OKCoin and then within a minute the rest of exchanges followed.
What's annoying is the chainreaction in all coins, you'd think btc losing value the others would stay or even grow in btc value while its happening.
It feels like an co-ordinated attack not to let anyone profit by switching to alts except tether. You can divert ressourced into smaller no name coins, but that does not help you and exposes you to volatility. However, you should appreciate that you are not falling into the trap that is selling out of FUD aka fear, uncertainty, doubt. It is very suspicious - sad that people fall for it and not just once they keep getting suckered. Making mistakes or being fooled once is part not even the great firewall can stop otc bitcoin trading in china life Being subject to it again and again is unconscious stupidity.
I think people get suckered again and again because they believe the world is a bad place, though it actually is awesome.
If you believe that everything is bad it disempowers you and you end up not fighting and thus lose by default. Actually the world is neither good nor bad. Believing it is consistently one or the other is where people make the mistake as it leads to false assumptions. Everytime you do something bad, or somebody else does, they do it because they act on one of Satan's lies misconceptions of the world.
In a sense it's the result of ignorance, if you had perfect knowledge of the world, there would be no bad. Organised religion is fairy stories for adults. There is no Satan. It is a lie that lets people shirk responsibility for their own actions. There is no "my people" - these kind of lies are responsible for countless deaths and wrong doing. I think its a more sort of rumour to fell the crypto market You could pretty much take the mainstream advice and just bet against that like The Big Short guys and many others did.
Especially in market extremes. Now we are looking at celebrities promoting Bitcoin. With the weak fundamentals it has, BTC is a pure bubble. Blockchain has great future but Buttcoin does not. Still I think BTC will have its reign for few more months. It's not like it can get bankrupt like stocks. Well, they would not be morons if they behaved intelligently.
That is kinda the point of the word moron. It's just that they do not have enough information and do not think. I never invest money I cannot spare, some people, however, do so and then I can understand that you would worry quickly and sell immediately if you hear something bad to prevent losing everything. Agreed, I think this was an over reaction of the market and the folks who are bitter about not having caught the train at the right time.
The black market will still use it. China often uses financial threats as leverage - it owns almost a third of the U. So, it wouldn't surprise me that they'd use a similar tactic to lower the price of Bitcoin so they could buy massive amounts at a lower price. China is powerful and will be powerful in the future. Obviously it is possible not even the great firewall can stop otc bitcoin trading in china China leverages it's holdings, however, America can just default on foreign debt if they choose to do so.
The Chinese military power does not match America's and thusly they cannot collect the outstanding debt by force. Obviously, either would be a drastic measure of the American government, however it shows you that America is far from done or losing the upper hand. In the case of money printing for example, I think the Chinese not even the great firewall can stop otc bitcoin trading in china would be hurt more drastically then the American, because the additional dollars created would be spend withing the US and not in China practically punishing China's economy if the US government implements a sensible policy that supports the American population via economic growth.
I guess the first thing that would happen is that it would to a large extent destroy their domestic industries because they will no longer be competitive on world markets. Maybe that is why they are now focusing on high quality products instead of just being the cheapest. In anticipation of an economically independent USA in terms of consumer goods, but even as far as oil is concerned. Very much like Germany.
Germany used to make low quality products, and then I guess once they built up their customer base and internal manufacturing infrastructure, they started focusing on quality and eventually became synonymous with quality. There is this book The German Genius. I would really like to see that coming of course not because the price fall.
I am a huge believer in decentralised exchanges. Those actions of countries will push innovations in that field tremendously. We pushed a new version with automatic order matching a few days ago. Please check it out. Dude, you so fucking nailed it! For not even the great firewall can stop otc bitcoin trading in china who hasbeen in 'the space' for a few years this whole "China Syndrome" is just a joke.
Although i must admit, initially i was regarding this new news as some kind slight against bitcoin. The big three exchNges in China are running smoothly and have had no official government intervention. What does that tell you? Bah ha ha ha!
You can't make this shit up. How many times has bitcoin been killed by just China alone? And when i say killed, i mean discounted for a short while before the headlines once again start screaming ATH all over again We get the same rumor every year.
China is not banning Bitcoin, where are their corrupt officials going to save their money, in dollars? I think most people who are even involved in cryptocurrency don't seem to understand that. Sometimes, it takes balls for the government people to do something cool.
Like to see how things develop in Estonia. The Blockchain is a great technology and for the time being we can expect that emergent nature of the community will overcome all the bans, governments and restrictions and to continuously change technology on its way. Having said this it's very difficult to bet on the right crypto, which one will be the one that will solve the specific issue of the moment?
I wrote a small series on diversification benefits and the income that can be created through it. CryptoPortfolio - Extract a "diversification dividend" - Part 1: These links have nothing to do with the post. It is pretty obvious the whole purpose of your response was to get more views on your own posts. I would suggest avoiding this kind of behaviour as it is liable to get you flagged.
Hi thecryptofiendlike most people on steemit I'm trying to open a dialog and to get people to engage on my post. But I respectfully beg to differ on the irrelevance of my post: I selected few posts where I posted this, I read them in full usually upvoted them as well and posted only on those that mentioned an idiosyncratic risk.
In your post you are discussing issues related to government intervention and bans which in turn disrupt the normal functioning of the market and create a mark-to-market loss in the accounts of those holding the specific security or the security that is traded on the specific exchange. My suggestion was simply to keep a diversified pool of assets so that these shocks have the smallest possible impact. With this answer I don't want to make any polemical post and if you not even the great firewall can stop otc bitcoin trading in china think that my comment should not be under this post I will remove it.
The suggestion itself does not require a list of your posts. It is a pretty blatant attempt at self promotion so please don't play coy about it. Oh Chinamake up your mind. I have doubt that it will be all of crypto. Maybe it's their way of "scaring" red alert in crypto is already being seenmaybe good time to invest?!
Yes it is the best time to invest. I think this is a deliberate "rumour" created so they can buy cheap. Is it even possible to ban not even the great firewall can stop otc bitcoin trading in china exchanges? I mean that China has banned Facebook, for example.
That nearly matches December' s 6. Introduced in the environs of 2009, Bitcoin was created by the side of a developer or. Influncer akan mendapatkan keuntungan sebesar 20 dari tingkat bunga yang juga merupakan pemegang koin yang indah atau pengguna akan mendapatkan akses pertama untuk menggunakan kampanye sebelum yang lain.
And why would the mostly anonymous borrower ever pay you back.