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  • Bitcoin Crashes On Massive Volume As China Plans To Shut Local Exchanges

    From zerohedge.com

    Having bounced back dramatically from the 20% plunge following China's ban of ICOs, Bitcoin is getting battered again this morning on very heavy volume as Caixin reports Chinese authorities plan to shut local Bitcoin exchanges. The supervisory authority has decided to close the exchange of virtual currency in China , which involves all the currencies and currencies of the currency , such as "currency line", "coins" and "Bitcoin China." Journalists confirmed the news from the person who came close to the Internet Financial Risk Special Rectification Working Group (hereinafter referred to as the Leading Group) and ... (full story)

scam!!! however I don't store bitcoin
  • Post #2
  • Quote
  • Edited at 2:20pm Sep 8, 2017 10:41am | Edited at 2:20pm
Enter probably the major threat to Cyber currencies..
National Regulation. Blocking fungibility and conventional conversion channels.
Seeking to break the Anonymity quality of Cyber.. which is one of the major advantages of cyper over fiat.
Imposition by all major economic National States/groups... 100% certain..
Timing.. in each case ... Unpredictable.
  • Post #3
  • Quote
  • Edited at 12:25pm Sep 8, 2017 12:14pm | Edited at 12:25pm
Bitcoin is a huge scam and will crash and disappear eventually. Essentially it is only a "sign of the time" just like the Tulip craze of 1634 ...
Quoting Mingary
Bitcoin is a huge scam and crash and disappear eventually. Essentially it is only a "sign of the time" just like the Tulip craze of 1634 ...
Hey, I read a whole lot about that subject thanks to you... you're pretty educated, man.
Interesting phenomena. If there was a star rewarding system on FF, I would give you one.
Quoting Tony112
{quote} Hey, I read a whole lot about that subject thanks to you... you're pretty educated, man. Interesting phenomena. If there was a star rewarding system on FF, I would give you one.
Many thanks.
  •  Guest
  • | IP XX.XXX.132.0
I made several mln with BTC and ETH I guess none of you bought some sub 500$
  •  Guest
  • | IP XXX.XXX.103.194
Again with the Tulip mania.. I think people been yelling scam and tulip mania ever since BTC was at a 1000$ lol...

Not sure Tony112 if Mingary is well educated..in Bitcoin that is. Seems everyone that missed the BTC boat are yelling scam and comparing it to the Tulip craze.

I wouldn't trust zerohedge with any crypto news...the article above is complete bullshit, rumors..sad to see high rep FF members believing this non sense and actually calling out non sense too when they clearly know nothing about crypto currencies...although keep playing that Tulip craze card lol.
How long could stay not regulated currency in capitalism?!
Bitcoin is a potential hotbed for tax avoider.
Remember Draghis speech...
Quoting Yossuan
How long could stay not regulated currency in capitalism?! Bitcoin is a potential hotbed for tax avoider. Remember Draghis speech...
100% .
i admire those that spotted the opportunity it created EARLY and had the cojones to stick with it..
But the bigger it gets the more dangerous it gets.
And though I may be wrong.. (very likely) I think at these levels its treading on too many toes and will be deliberatly spiked from achieving its true potential.
Could be good for offshore player.. with specialised access..but punters in larger markets??
WhopperCoin are pretty stable these days, although they say that the 1700 coins for a Whopper could increase in the futur. Be "avant-garde" and eat now!
Bitcoin - crash and burn,baby! This just made my day
Bitcoin v China

who will win?

Yes the Friday 8th Sept High 4678.90 was not able to touch the last Friday 1st Sept Open of 4718.25 This means that the Gap between Friday 1st Sept Open and the Monday the 4th Sept Open is still unfilled. But the Wicks did touch today before the bar collapsed Six hours later to where it is now at 4211.93
Family members mining away,all good for the computer geeks.Still I was quiet pleased with myself buying on the low price for a change.Some off these ICOs have produced some great gains,an lower price crypto is worth checking out.
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  • | IP XX.XXX.185.54
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  • Story Stats
  • Posted: Sep 8, 2017 10:24am
  • Submitted by:
     Newsstand
    Category: Fundamental Analysis
    Comments: 14  /  Views: 3,989