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More than anything the selloff is a western reaction to news from China (the selloff happened overnight in china). I think chinese BTC holders are hanging onto theirs for the long run, like most people who believe in bitcoin and aren't just speculators should be.
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Quote:
Originally Posted by SkinnyPupp
Let me see you try to sell some for BTC or even cash.
"$20 USD per day" is bullshit because nobody is buying it.
There are users on their forums willing to pay 150-200 per 1mil, and CoinedUp is already supporting dogecoins, blockchain site already set up. It has only been 8 days since release.
dogecoin is picking up way faster than most altcoins up there so far. It also has it's internet culture appeal as well.
This altcoin has promise, and the fac that it has already surpassed LTC in profitability says a lot.
There are users on their forums willing to pay 150-200 per 1mil, and CoinedUp is already supporting dogecoins, blockchain site already set up. It has only been 8 days since release.
dogecoin is picking up way faster than most altcoins up there so far. It also has it's internet culture appeal as well.
This altcoin has promise, and the fac that it has already surpassed LTC in profitability says a lot.
internet culture appeal
What's next, AntoineDodsoncoin, ChocolateRainCoin, and I'maLetYouFinishCoin?
Any reason for the crash today? Been looking today briefly. PPC is back at 3ish. Posted via RS Mobile
China being more definitively against Bitcoin now, blocking funds transfers into exchanges.
Anyone who thought big nations - especially motherfucking CHINA of all places - to support Bitcoin was dreaming. Like I said originally, the best case scenario for bitcoin in China is that they don't block it outright. They aren't doing that, but they are making it pretty much impossible to use for most people.
China is getting prepared for an RMB crash, and when that happens good luck accessing your funds that are held in chinese banks. Even Hong Kong banks are making it harder to get your money out.
The key is to just not be a panic seller and ride the waves. Nothing to jump back into if you never jumped out ... Bitcoin will never become a proper form of payment/currency if all people want to do is make money off it and buy low sell high etc. Bitcoin needs people to hold for it to actually go anywhere long term.
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China being more definitively against Bitcoin now, blocking funds transfers into exchanges.
Anyone who thought big nations - especially motherfucking CHINA of all places - to support Bitcoin was dreaming. Like I said originally, the best case scenario for bitcoin in China is that they don't block it outright. They aren't doing that, but they are making it pretty much impossible to use for most people.
China is getting prepared for an RMB crash, and when that happens good luck accessing your funds that are held in chinese banks. Even Hong Kong banks are making it harder to get your money out.
No, it's not. It's a case of you arguing about something you know nothing about, and are unwilling to learn.. so your arguments have nothing to stand on.
Do you have a point you're trying to make? Or is this another one of those "I disagree with what SkinnyPupp is saying so I better attack him personally"
If you have nothing to contribute to this thread (or forum) other than stupid personal attacks, just keep it to yourself.
BTC is going up again, and bringing everything along with it. It could be a good time to jump in!
Not to disagree but I have a feeling Ulic will be right and it will hit $300 or so. And it will stay that way until something big happens, like Google or Paypal incorporating it into their pay systems, etc. When that happens.. TO THE MOON~!
And it will stay that way until something big happens, like Google or Paypal incorporating it into their pay systems, etc. When that happens.. TO THE MOON~!
Wouldn't big name companies like Google, Amazon, and eBay stay away from Bitcoin since they already have their own digital wallet service like Google Wallet, PayPal, and Amazon One-Click). Not to mention that Google Wallet is already streamlined through Android devices.
Wouldn't big name companies like Google, Amazon, and eBay stay away from Bitcoin since they already have their own digital wallet service like Google Wallet, PayPal, and Amazon One-Click). Not to mention that Google Wallet is already streamlined through Android devices.
Bitcoin isn't a competitor to these payment systems and more than the US Dollar is or the Chinese RMB. It's a currency.
If they used bitcoin, it would make things MUCH easier for them. They could essentially become 'banks' outside the banks. Google in particular would probably love this.
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... Bitcoin will never become a proper form of payment/currency if all people want to do is make money off it and buy low sell high etc. Bitcoin needs people to hold for it to actually go anywhere long term.
