11–20 of 233 posts
Bitcoin price impact is the best way to gauge the significance of any particular news (this? not much): https://finance.yahoo.com/quote/BTCUSD=X/
Not really. Timezones are a thing and I'm pretty sure the majority of those exchanges halted trading.
Right now, I like anything that helps normalize the white-hot hype of cryptocurrencies. There's some real utility in this technology, and we won't get to see it until companies are forced to make sustainable business cases and serve real customers. However, > A website set up by the Chinese central bank warned that cryptocurrencies are "increasingly used as a tool in criminal activities such as money laundering, drug…
I think all governments hate the crypto part of the currencies. You can't tax what you can't track. You can't manipulate what you don't have. I personally fall a little to the left of currencies. I think these monetary systems are far right Libertarian's dream seeds. I do realize I am probably wrong but this is how they make me feel.
[0] https://unenumerated.blogspot.com/2006/11/wet-code-and-dry.h...
But.. but.. an 'analyst' for CoinDesk said this was normal and the exchanges will just need to get a license and China welcome them back with open arms. The bullshit artists that already 'invested' in this scheme will now tell you that China did not matter and the people under them will parrot it. Anybody that disagrees simply doesn't understand Bitcoin or just mad that they could not get on the choo-choo train at th…
>The bullshit artists that already 'invested' in this scheme will now tell you that China did not matter and the people under them will parrot it. If you're so sure that it's bullshit you're free to put your money where your mouth is and short it.
Let me know when you are back to peddling Amway.
Right now, I like anything that helps normalize the white-hot hype of cryptocurrencies. There's some real utility in this technology, and we won't get to see it until companies are forced to make sustainable business cases and serve real customers. However, > A website set up by the Chinese central bank warned that cryptocurrencies are "increasingly used as a tool in criminal activities such as money laundering, drug…
I think all governments hate the crypto part of the currencies. You can't tax what you can't track. You can't manipulate what you don't have. I personally fall a little to the left of currencies. I think these monetary systems are far right Libertarian's dream seeds. I do realize I am probably wrong but this is how they make me feel.
Most cryptocurrencies are actually quite trackable. Significantly more trackable than fiat currencies. There are notable exceptions like Monero and currencies specifically meant to protect privacy, but the vast majority are quite public.
Capital flight.
A growing number of Chinese nationals has been using Bitcoin to siphon money out of China over the past several years.[1][2]
Not surprisingly, the Chinese government is cracking down on this innovative form of capital flight.
[1] http://www.theepochtimes.com/n3/1891021-how-chinese-use-bitc...
[2] http://www.theaustralian.com.au/business/markets/chinese-inv...
I think this is a really good sign that it's a good idea to get out of crypto currencies. China is actually pretty good at making decisions to defend it's country from negative outside influence. Anywhere that hosts a bitcoin exchange is also hosting criminal activity. Consequently, Bitcoin exchanges are going to make areas more dangerous to live. It's just a bad business decision to allow it to exist in your country…
Bitcoin price impact is the best way to gauge the significance of any particular news (this? not much): https://finance.yahoo.com/quote/BTCUSD=X/
As soon as I read this, two words came to mind: Capital flight. A growing number of Chinese nationals has been using Bitcoin to siphon money out of China over the past several years.[1][2] Not surprisingly, the Chinese government is cracking down on this innovative form of capital flight. [1] http://www.theepochtimes.com/n3/1891021-how-chinese-use-bitc... [2] http://www.theaustralian.com.au/business/markets/chinese-i…
But.. but.. an 'analyst' for CoinDesk said this was normal and the exchanges will just need to get a license and China welcome them back with open arms. The bullshit artists that already 'invested' in this scheme will now tell you that China did not matter and the people under them will parrot it. Anybody that disagrees simply doesn't understand Bitcoin or just mad that they could not get on the choo-choo train at th…
>The bullshit artists that already 'invested' in this scheme will now tell you that China did not matter and the people under them will parrot it. If you're so sure that it's bullshit you're free to put your money where your mouth is and short it.
I don't have too much knowledge about cryptos. And the ICOs occurring certainly seem mostly like BS, but I'm still "investing" (more like trading quickly and selling) to make a profit while this gold rush lasts. Doesn't matter how I feel about it.
But.. but.. an 'analyst' for CoinDesk said this was normal and the exchanges will just need to get a license and China welcome them back with open arms. The bullshit artists that already 'invested' in this scheme will now tell you that China did not matter and the people under them will parrot it. Anybody that disagrees simply doesn't understand Bitcoin or just mad that they could not get on the choo-choo train at th…