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China Bans Bitcoin Executives from Leaving Country, Miners “Preparing for Worst”

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Re: China Bans Bitcoin Executives from Leaving Country, Miners “Preparing for Worst”

#131

Post by joelrunyon »

wingerlang wrote: post #126
joelrunyon wrote: post #97

Curious if this will have an impact on "liquid' domain names (3 letter .com domains). They spiked a few years back as a way to get money out of China, but slowed recently due to bitcoin being a better option. Would be interesting to see if that activity picks back up.

How does this work?

There's a limited quantity of some types of domains (2 & 3 letter domains). They typically have a "trading floor" where they can switch hands between investors for a minimum amount - so they're referred to as "Liquid."

Not always the case, and sometimes the floor drops - but it was a good market for quite a while - especially for chinese investors that wanted to diversify their holdings.

Re: China Bans Bitcoin Executives from Leaving Country, Miners “Preparing for Worst”

#132

Post by puranjay »

joelrunyon wrote: post #97

Curious if this will have an impact on "liquid' domain names (3 letter .com domains). They spiked a few years back as a way to get money out of China, but slowed recently due to bitcoin being a better option. Would be interesting to see if that activity picks back up.

What's the going prize on 3L.com's right now? Say, a bad combination (Q, X, Y, V, etc.)?

Last time I exited this market (2008), lowest tier 3L.coms were selling for $3k

Re: China Bans Bitcoin Executives from Leaving Country, Miners “Preparing for Worst”

#133

Post by Synaesthesia »

canoebuilder wrote: post #127
indubitable wrote: post #68

Earlier quoted context omitted.

I think people tend to gloss over the fact that China has a population of more than 1.4 billion people in a land area that's slightly smaller than the US, multiple territories in outright revolt, ongoing territorial conflict, some cities that are approaching inhospitability due to environmental damage, and our increasingly aggressive nation is something less than friendly with them. I think one thing causing the appa…

>had Hawaii declaring independence, and various states trying to separate either to go completely independent or join Mexico or Canada. And now of imagine that a coalition of China, Russia, Iran and other unfriendly nations were constantly posturing towards an invasion of Mexico Can you map these metaphors to their counterparts in China?

I believe it’s the western states which are in rebellion, which have significant Muslim populations. North Korea is being threatened with invasion and China is encircled by US allies and military bases.

Re: China Bans Bitcoin Executives from Leaving Country, Miners “Preparing for Worst”

#134

Post by canoebuilder »

Synaesthesia wrote: post #133
canoebuilder wrote: post #127

Earlier quoted context omitted.

>had Hawaii declaring independence, and various states trying to separate either to go completely independent or join Mexico or Canada. And now of imagine that a coalition of China, Russia, Iran and other unfriendly nations were constantly posturing towards an invasion of Mexico Can you map these metaphors to their counterparts in China?

I believe it’s the western states which are in rebellion, which have significant Muslim populations. North Korea is being threatened with invasion and China is encircled by US allies and military bases.

Thanks.

If you or anyone knows, which territories are trying to join a neighboring country?

Re: China Bans Bitcoin Executives from Leaving Country, Miners “Preparing for Worst”

#135

Post by thisisit »

acjohnson55 wrote: post #21

What's interesting to me is that no amount of bad news appears to affect the price of BTC. I'm not a professional or amateur trader (I've got no position on BTC at all) but the price fluctuations really seem dominated by sentiment over any sort of fundamentals.

Here's another way to look at it. If I have a stock which has bad news, I need an exchange to panic on. No exchange? Then no way to dump the stocks. So if Chinese are thinking of dumping bitcoin on account of the bad news they need liquidity to do so. Currently with all (most?) exchanges gone where do they, if they really want to, dump their bitcoins? On that note it did go from 5k to current price.

Re: China Bans Bitcoin Executives from Leaving Country, Miners “Preparing for Worst”

#136

Post by thisisit »

Twisell wrote: post #65
bdcravens wrote: post #43

Earlier quoted context omitted.

It's a 24/7 market; the price responds a lot faster than other markets. So looking at day-over-day price isn't a good gauge. Additionally, by the time a story is known at large, it's usually been known for a bit among those who follow Bitcoin, so you'll see it already priced in.

Are you sure? Doesn't the need to mine block slow down transaction to a bare maximum per block? And if miners in china close operations won't time between block increase? Thus maybe BTC is actually responding slower than other market... what do you think? I'm by far not a keychain expert so I will gladly be corrected if I'm wrong.

Bitcoin adjusts block generation to 10 minutes irrespective of the miners. What does change is difficulty, hashrate and transaction fees.

The bitcoin hashrate has remained more or less the same in last 2 months: https://blockchain.info/charts/hash-rate?timespan=60days

This is in contrast with last 3 months where the hashrate nearly doubled: https://blockchain.info/charts/hash-rate?timespan=180days

Fees peaked around 25th August but still pretty high: https://bitinfocharts.com/comparison/bitcoin-transactionfees...

Re: China Bans Bitcoin Executives from Leaving Country, Miners “Preparing for Worst”

#137

Post by seanmcdirmid »

AlexCoventry wrote: post #58
seanmcdirmid wrote: post #32

Earlier quoted context omitted.

They have a lot of debt building up as well as a huge real estate bubble that makes SF look tame. However, it hasn't crashed yet.

It's all sovereign debt, denominated in a token they can create at will. It's not like a household with an out of control credit card habit.

Sure. But it still can't grow forever without dragging down the real economy, at some point soon growth has to stop, and then what?

Re: China Bans Bitcoin Executives from Leaving Country, Miners “Preparing for Worst”

#138

Post by [deleted] »

rlayton2 wrote: post #28
acjohnson55 wrote: post #21

What's interesting to me is that no amount of bad news appears to affect the price of BTC. I'm not a professional or amateur trader (I've got no position on BTC at all) but the price fluctuations really seem dominated by sentiment over any sort of fundamentals.

It does seem to have some effect. Bitcoin "crashed" last week quite a few pecentage points (see https://coinmarketcap.com/currencies/bitcoin/#charts click 1M or 3M and see September 15th). Like stocks though, it is always hard to pinpoint why , because it's a market with lots of different opinions.

[deleted]

Re: China Bans Bitcoin Executives from Leaving Country, Miners “Preparing for Worst”

#140

Post by mirimir »

kobeya wrote: post #121
mirimir wrote: post #115

Earlier quoted context omitted.

1909 - Provincial Assembly elections 1912 - National Assembly elections

The first was a last ditch effort by the Qing dynasty to retain power with the election of powerless feel-good provincial assemblies. Even if they had real authority, which they did not, only half a percent of the populace had franchise. Not a democracy by any means. The 1912 election was for the Nationalists upon overthrowing the imperial system. However China transitioned into a period of warlord rule immediately a…

OK, thanks. So not really any broad democracy, ever.
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