1. As we already knew, Chinese government is closing down exchanges 2. Chinese government is banning OTC trading, meaning miners will not be able to sell their BTC 3. A fuckton of mining equipment is for sale in China at INCREDIBLE DISCOUNTS 4. Rumors that mining operations of industrial size might be seized by government 5. Chinese "Great Firewall" only allows certain VPNs. These VPNs, as well as normal internet, will now be blocked from making blockchain transactions 6. These VPNs, as well as normal internet, will block access to all Bitcoin exchanges outside of China
4 FOUR NOTHINGG WRONGGG WITH MEEE!!!!!!!!!!!!!!!!!!!11
Brandon Hall
CHINA'S GOT TO GIVE >CHINA'S GOT TO GIVE CHINA'S GOT TO GIVE >CHINA'S GOT TO GIVE CHINA'S GOT TO GIVE >CHINA'S GOT TO GIVE CHINA'S GOT TO GIVE >CHINA'S GOT TO GIVE
Yes. Both will, and most altcoins. Last week was an indication of what happens when Chinese BTC market is threatened. Only #1 on the list made the price drop from $4300 to $2900. So I'm assuming it'll drop to at least $2000 when China goes official.
As of now a ton of Chinese insiders with access to CEOs of BTC exchanges are freaking the fuck out and reporting about it online. Exactly what happened before the news broke about China banning exchanges.
Bitcoin miners main problem was that they were making a massive amount of money without paying out the proper people within the government. The Chinese government will let you do as you please as long as they get their cut. Bitcoin miners got greedy and are now being shut the fuck down
so why are they doing that? remember when the bankruns happened in greece and suddenly there was not enough money in the banks? they claimed this is because of unllawful practices of those banks, but the damage caused by those is insignificant. pic related about the mechanism of banking showing how even normal banks can create indipendent from the centralbanks, which results in only a small part of the money in circulation electronically being available in hard cash, perfectly lawfull. but of course they couldnt admit the system itself is faulty. so what do? reform the system that enables the (((high finance))) to controll the economy at will, or just prevent bankruns by getting rid of hardcash resulting in all money being electronical enabling limitless controll and creation of money without anyone from the outside even being able to check upon it? of course they will just do the latter one and shift the blame of the chaos that happened on the very few unlawfull actions of very few banks. remember, the current system enables you to create pretty much limitless money and even gives you more free money if you miscalculated resulting in a bail out if you abide to the laws. there isnt even a reason for them to go outside the law. so they get rid off cash, make everyone pay with credit cards, or their phones or whatever. and not far from there it will be the RFID chips you use to pay in your forehead or the back of your right hand. i see bitcoin only as an enabler for this trying to tell people "look, electronic money is so good. we should only use this from now on
Brody Gomez
Bitcoin systems and Proof of work were an elaborate scheme to undermine a country's local currency and power infrastructure. It was spread under the guise of being an alternative currency that will set people free. Ultimately it was designed to enslave them and undermine what sanctity was left in an already corrupt financial system.
China is shutting it down because it knows this and because it was able to successfully spread this trojan horse elsewhere ... Literally causing a distributed group of idiots (miners) to destroy their country from within.
Andrew Martinez
Also, reports going around that Chinese government will issue HARSH punishments against leadership of BTC exchanges who invested the funds of clients without their knowledge/consent.
They basically gambled with peoples deposited money.
Nathaniel Davis
LET THE PINK WOJACKS HIT THE FLOOR >LET THE PINK WOJACKS HIT THE FLOOR LET THE PINK WOJACKS HIT THE FLOOR >LET THE PINK WOJACKS HIT THE FLOOR LET THE PINK WOJACKS HIT THE FLOOR >LET THE PINK WOJACKS HIT THE FLOOR LET THE PINK WOJACKS HIT THE FLOOR >LET THE PINK WOJACKS HIT THE FLOOR FLLLLLLLLLLLLOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOORRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRR!!!!!!!!!!!!!!!!
Robert Johnson
You can predict what China is going to do from the BTC price. When it rises it mean Chinese are investing in Canadian real estate. When it goes down it means China is going to enact some regulations regarding money movement.
Eli Nguyen
HAHAHAHA get ready to write resumes coinfags, you're doomed
Dominic Taylor
cash is king you dumb niggers, (((bitcoins)))
Blake Miller
watch: china's going to create their own digital currency in coming years
Nicholas Butler
Demonstrating precisely why the west is best, and has beaten china down repeatedly throughout the ages. They'll never change, it's genetic closed-mindedness.
Ayden Anderson
Price has dropped $160 in the last 90 minutes.
Zachary Diaz
How is that any different from the Yuan?
Brayden Brown
this, in addition to not literally breaking into power plants to steal power to fuel bitcoin miners. the amount of damage those chinks did to their own power grids is amazing
Bentley Robinson
haha get fucked dumb coiners.
btc is backed by nothing
fake internet monopoly money
literally tulips
you're all idiots for buying this crap instead of GOLD
HARD GOLD
Jonathan Morris
Yuan isn't stored in blockchain
Jonathan King
Does it mean i can finally buy affordable and decent gpu's once again? if so thank fuck god.
Dominic Martin
heh, but seriously, i dont understand how china "partially" backs their currency with gold and why they even tried. gold doesnt back a measurable percentage, i could have sworn they have less than 1% currency as gold, yet they call it "gold-backed"
Mason Gomez
I'd get out now, then invest when it's low
Parker Cooper
I'm watching the order book on Bittrex closely. Some dumb fuck just bought $100k worth, and the whole order was chewed up in less than a minute.
God damn, he's going to regret that tomorrow.
Jace Rodriguez
Blockchain does not offer any advantage over the Yuan. Look at the transaction times, just as an example.
Nicholas Sanchez
nothing that swings multiple percentage points every damn day can be called an "investment"
Nicholas Wood
remember this post in 6 months when the Canadian dollar has lost half its value and Chinese investors tank your real estate markets.
John Williams
Come join the fun and laugh at /biz/!
Robert Russell
If the Yuan becomes gold backed then their currency manipulation is going to be obvious. What they might do is form an alternate currency and back that with gold.
Nathan Jones
Shits gotta collapse. My dad's a boomer fag that welcomes all this shit, multiculturalism/diversity. I want niggers literally on his doorstep.
Benjamin Torres
Of course, crypto is a globalist scam and they dont want anything competing their gold backed currecncy. Good for them.
Michael Harris
You're a bad son
Isaac Ross
Another 35 BTC wall chewed through in less than a minute. HAHAHAHAHAHA
Owen Long
In Canada, the Chinese were purchasing real estate in bitcoins to avoid the taxes on foreign purchases.
Chase Myers
The Chinese "ban" on BTC is temporary. They're closing all the exchanges to root out the scam ICOs before they open their own exchanges run by the Chinese government. The Chinese will regulate BTC as best they can via their new exchanges, but there's no stopping its rise. It's impossible to ban BTC and there's too much money to be made from it.
Austin Peterson
That's last weeks news.
Camden Gonzalez
china's already out of the market literally 5% of the volume at this point they don't have the ability to significantly impact the price with the remaining people exiting and the lack of chinamined coins will drive the price up screencap this post -- btw goldbugs, you can still buy 3 ounces of gold with just one bitcoin. right now. could've bought 4 or 5 earlier this month. which was the better 2010-2017 investment? which technology will continue to outperform financial expectations due to its use cases?
Angel Lopez
It's not impossible to ban crypto if you control the internet.
Matthew Anderson
It'll happen the same week that the Winklevoss twins get approval to launch their exchange. The SEC recently allowed an appeal on the initial decision to deny it to now be heard. It'll be approved, and regulated.
It's only possible to ban if you also ban encrypted communications.
is there literally anyone in the world beating these percents?
made more in two weeks than what fucking stock faggots make in a year
AND while in a down trend
Ethan Lewis
They are indeed. There was a story I read recently about the FBI wanting to ban encrypted cell phones because they're used by criminals. I don't think it'll hold up in court, though. If it does, just sell your BTC and find a new dream I guess.
Ayden Johnson
China doesn't control the world's internet.
Ayden Cruz
what does Smart (Programmable) even mean? why would I want programmable money. also barter is decentralized. what is this pic even
Andrew Price
>Start: BTC at $4500 >End: BTC at $4030 >Those percentages
God damn. I'll admit it, I'm impressed.
Brayden Clark
US can decrypt a sizeable amount of traffic, we learned this from the Snowden leaks; for instance ssh is decryptable.
Yes, but China controls what their citizens are able to do on their network.
Benjamin Thomas
The establishment is trying to destroy bitcoin so they ca launch their own private blockchain cryptos. It won't work.
Jamie Dimon trashed bitcoin and it went from 4.5k to 3.2k, then JP Morgan bought a bunch. Now it's back at 4k. This China news will be a minor setback.
Bitcoin is unstoppable, this is fear mongering for large institutions to scoop up cheap coins.
Angel Brooks
China controls china's internet. That's all they need.
Jaxson Harris
>why would I want programmable money That way I can social engineer you to be my slave by signing a digital document. You will be bound by the monetary system itself to obey me.
Elijah Cooper
>buying into memecoin
You deserve to lose your money.
Zachary Hill
>US can decrypt a sizable amount of traffic With a warrant, and with probable cause of a crime being committed, yes. Transacting with BTC isn't a crime, though. Also consider that you have to claim $10k in an airport and every transaction made over $10k between bank accounts is automatically investigated. The government would never know if you had a million dollars worth of BTC in your pocket at the airport and your personal information isn't revealed on the blockchain.
Leo Ward
>3. A fuckton of mining equipment is for sale in China at INCREDIBLE DISCOUNTS
YES YEEEEEEEESSSSSSSSSSSSSSSS
>missing out on free money
ahahahahahahaha
Joshua Barnes
Study the Snowden docs and the use of 5eyes. They don't need warrants to tap you.
I have a feeling that crytos are the child of 5eyes for clandestine ops.
Tyler Sanders
wouldnt that lower supply therefore raise demand and perceived value?
David Murphy
fuck cryptocurrencies, why the fuck i need them when you can't use them at all, only traders and speculations have them. I start to believe JP Morgan was right, this is a fraud.
Jaxon Adams
Everything is surveilled for sure, but you would need a massive task force to take down BTC. All of our phone records are saved in databases, but the government will never actually look at them unless you become a person of interest. There isn't some guy at the NSA monitoring what user #2454330 is texting to his gf, but if that guy wants to run for office or evade his taxes one day, they can pull up his file.
Aaron Watson
.gmagik
Jose Price
This it's over speculative, all they really did was stopping the most high profile miners in order to slow down it a little, but someone will take their place.
>you need more fiscal paradises tough
Nicholas Stewart
JP Morgan is heavily invested in ETH
Adrian Anderson
>Chinese government is banning OTC trading, meaning miners will not be able to sell their BTC BTC doesn't trade on OTC exchanges tho?
Daniel Myers
Quick goym sell on the downturn
Just like last time China regulated in I want to say May what will happen is prices go down for a week or two than went higher than ever That's all that will happen again.
Fuck off shill,
Don't give into FUD guys Fear Uncertainty and Doubt Fortunes favors the bold. Make yours.
Samuel Flores
Good.
Fuck bitcoins and anyone who bough this shit
Isaiah Morris
let me translate for you, they could devaluate bitcoin overnight with 1k, they can do the same to rise the price with and sell.. they are just doing business as usual, but for real cash
Alexander Gray
>Fortunes favors the bold you can be bold by buying BTC at $5000. if you want to be smart and make money, buy low and sell high. with quality stocks, you can buy high and sell higher.
Colton Anderson
Where can I buy the Chinese ASICs for cheap? Bitcoin, and cryptocurrency generally, stand to basically fuck The Fed entirely. They are the Final Solution To The Jewish Banking Problem.
Daniel Ramirez
whew another "dump btc" shill thread. As always without any proof or links. Better luck next time.
Isaiah Gonzalez
Holy shit i need to take loans and mortgages and buy as much BTC as i can now, this is awesome.
Carter Martinez
Explain, I'm new to this.
Aiden Martinez
They could definitely do that, and they do, but it always rises because banks buy it for cheap after they FUD it. Just happened last week.
>According to a Wall Street Journal report, Beijing officials told several bitcoin industry executives that peer-to-peer trading would not be tolerated during a closed-door meeting held last Friday. This contradicts earlier reports, which suggested that regulators would allow OTC trading platforms to continue to operate normally despite the crackdown on centralized order-book exchanges.
Here are your links. Feel free to use your brain for half a second and use Google to find other sources and more information.
Kayden Walker
Yes, Japan's exchanges saw a 20% gain after the announcement because the Chinese just started buying through those channels. BTC isn't going anywhere
Jaxson Butler
The funny thing about your pretend ebay money You could be in Puerto Rico right now You could have 6 gorillion memecoins You have no way of trading it or using it Pedro walks into the grocery store with a single gold coin and can feed his family for two weeks.
Ryder Cook
>MUH GOLD SHEKELS
cry harder
Adam James
Origato salty nocoiner boomer dumbfucks. This Chinese correction caused by all your chcken littling was just what I needed to increase my holdings of BTC on the cheap. Don't you cowards realise that Bitcoin is the blue chip royalty of the multi billion dollar crypto investment cartel? I'm on course to be a multi millionaire through crypto alone b4 I finish uni (and I used some of my crypto gains to diversify already), so why the fuck should I take advice from you salty nocoiner boomer fuckwits who live from slavecheque to slavecheque?
So you're saying I should have a few gold coins in addition to my wealth of bitcoin? Bitcoin I can access from anywhere no matter if my home has been washed away by the sea itself?
You should have both in the right amounts to maximize profits while mitigating risks. You should have food, guns, ammo, medicine, fuel, water, a wife, and kids too but I guess you're all in on gold coins, eh nigger?
Nolan Campbell
>Being able to realize that bad news = dips means you are a nocoiner
Cryptos are the future, but you're a fucking retard if you're currently holding.
Lucas Bailey
WHEN DO THEY WAKE UP?
HOW LONG DO WE HAVE?!
Adrian Lewis
This news dropped like a week ago and it caused the price to drop 1k for a day and then it instantly rebounded.
Anthony Hall
Wrong. The news dropped last week was only about the centralized exchanges being closed down.
The news about them going after ALL trade including p2p and miners is new.
Camden Powell
chinks are already awake this news has barely effected the recovery from the chinese selloff you can't sell what you don't have anymore
Henry Murphy
At least you tried, better get in now before the next rocket launch.
Jeremiah Cooper
Once the sanctions hit, the chingchongbi crashes and they want to prevent outflow.
Landon Hernandez
he mad he didn't get in early.
Aaron Adams
lauritz von guildhausen, lay off the shilling.
James Rivera
>Quick goyim sell on the downturn
>if you want to be smart and make money, buy low and sell high
