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Totscha
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September 08, 2017, 01:46:40 PM |
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So there's a dip...what should we do?
Praise our lord Satan, of course... |
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yrtrnc
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September 08, 2017, 01:47:03 PM |
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Did China ban crypto again?
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Torque
Legendary
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Activity: 3822
Merit: 5504
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September 08, 2017, 01:49:12 PM |
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Interesting that Gold is getting smacked down at the exact same time.
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Pajulapoiss
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September 08, 2017, 01:49:56 PM |
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Did China ban crypto again?
Haha, good one. But srsly tho, I though I come check in here, to get a better idea, but it really seems like this a shocker to most of us  |
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Meuh6879
Legendary
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Activity: 1512
Merit: 1013
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September 08, 2017, 01:51:36 PM |
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Cheap Coins.   |
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Heater
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September 08, 2017, 01:56:28 PM |
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The good old 'up the stairs and down the elevator shaft' trick yet again.
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El duderino_
Legendary
Offline
Activity: 3136
Merit: 15199
“They have no clue”
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September 08, 2017, 01:58:39 PM |
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 just bought myself more extra coins like 1hour before this quick drop now i must buy more in this DROP 
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yrtrnc
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September 08, 2017, 02:00:20 PM |
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Did China ban crypto again?
Haha, good one. But srsly tho, I though I come check in here, to get a better idea, but it really seems like this a shocker to most of us It's whale season |
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d_eddie
Legendary
Offline
Activity: 3122
Merit: 5229
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September 08, 2017, 02:09:49 PM |
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Did China ban crypto again?
Of course they did. http://finance.jrj.com.cn/tech/2017/09/08211823086220.shtmlGoogle translate: "A bigger regulatory storm approaching: close to regulators on the 8th told reporters that the bit currency trading platform has become illegal economic activities, money laundering and bankers manipulate the price of loser retail channel, should be banned as soon as possible."
Someone seems to be in strong need of cheap korn. EDIT: Apparently they actually did close a few exchanges. https://wallstreetcn.com/live/globalThe supervisory authority has decided to close the exchange of virtual currency in China, which involves the exchange between all the virtual currency and the denomination, which is represented by "currency line", "coin net" and "Bitcoin China" The resolution has been deployed to the place.
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Elwar
Legendary
Offline
Activity: 3598
Merit: 2386
Viva Ut Vivas
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September 08, 2017, 02:12:41 PM |
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Did China ban crypto again?
Of course they did. http://finance.jrj.com.cn/tech/2017/09/08211823086220.shtmlGoogle translate: "A bigger regulatory storm approaching: close to regulators on the 8th told reporters that the bit currency trading platform has become illegal economic activities, money laundering and bankers manipulate the price of loser retail channel, should be banned as soon as possible."
Someone seems to be in strong need of cheap korn. Ahh...China ban #34. They banned ICOs last week which stopped all ICOs. |
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d_eddie
Legendary
Offline
Activity: 3122
Merit: 5229
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September 08, 2017, 02:15:10 PM |
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@Elwar - Not sure if you caught that (I edited while you were posting or after you posted) EDIT: Apparently they actually did close a few exchanges. https://wallstreetcn.com/live/globalThe supervisory authority has decided to close the exchange of virtual currency in China, which involves the exchange between all the virtual currency and the denomination, which is represented by "currency line", "coin net" and "Bitcoin China" The resolution has been deployed to the place.
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El duderino_
Legendary
Offline
Activity: 3136
Merit: 15199
“They have no clue”
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September 08, 2017, 02:15:38 PM |
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so where to put an order now  |
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eXpl0sive
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September 08, 2017, 02:15:55 PM |
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Fuck
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Ludwig Von
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September 08, 2017, 02:19:55 PM |
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so where to put an order now I sent € funding to Kraken, last weekend, nothing showing in my Balance... . Sigh |
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Lauda
Legendary
Offline
Activity: 2674
Merit: 3006
Terminated.
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September 08, 2017, 02:20:07 PM |
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Did China ban crypto again?
Of course they did. http://finance.jrj.com.cn/tech/2017/09/08211823086220.shtmlGoogle translate: "A bigger regulatory storm approaching: close to regulators on the 8th told reporters that the bit currency trading platform has become illegal economic activities, money laundering and bankers manipulate the price of loser retail channel, should be banned as soon as possible."
Someone seems to be in strong need of cheap korn. Ahh...China ban #34. They banned ICOs last week which stopped all ICOs. Not this bullshit again. I thought we were past the Bitcoin banning phase in China.
Now is a perfect time to see who's a true hodler and who isn't. Bring it on. |
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kurious
Legendary
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Activity: 2618
Merit: 1749
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September 08, 2017, 02:21:29 PM |
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I think it might have something to do with the dollar - USD was very jittery and lost a lot today, then suddenly rallied. Which would explain gold taking a hit too.
So maybe it's not 'China' but just 'markets'. USD weakness is good for BTC (and gold) and the opposite is of course the case, too.
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Dakustaking76
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September 08, 2017, 02:22:14 PM |
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Whats happening again Why a fucking fall of from €300 ....
This is not nice
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yrtrnc
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September 08, 2017, 02:22:24 PM |
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I thought crypto was decentralised?! Go figure!
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Paashaas
Legendary
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Activity: 3911
Merit: 5845
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September 08, 2017, 02:23:00 PM |
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China is selling again, another gap around $500 behind western exchanges  |
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Asrael999
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September 08, 2017, 02:23:19 PM |
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I can't link it here but BoAML have put out a research piece this morning that suggests Bitcoin is overvalued and that while it has potential it faces headwinds that are very significant. Talks a lot about the transaction volumes issue and ultimately ends up with a value to the chain of about $28.5bn or approx $1750 a coin.
Same paper also talks about some altcoins Generally in a positive way
EDIT: Quite clear that bits of the paper are quite old (BTC price reference is $2,350) and there are comments about the 1st August fork that are now factually incorrect.
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