Quote:
Originally Posted by DWB
That very well may be the dumbest thing ever posted on the internet.
Can't say I'm surprised it came from you.
Here are some other things that got big in China: Slave labor, buying crabs from vending machines, Mandarin, Cantonese, moon cakes, jade, one child policy, internet censorship, workers living in the factories they work at, shark fin soup, and tea picked by the mouths of virgins.
Still waiting for them to take off elsewhere, because I have a lot of money wrapped up in tea picked by the mouths of virgins. The potential for profit there is astronomical.
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To be perfectly honest his ignorant bi-polar posting gets tiresome it really does.
Franck I'm going to write one post to school you since clearly most of this will be over your ignorant little french head.
Quote:
Originally Posted by Dirty F
Another person with no clue whatsoever who thinks he knows what will happen to Bitcoin.
Do you realize if it gets big in China it will be big everywhere?
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This is incorrect, all America has to do is ban the Bitcoin Exchanges and it's 10 times more difficult to get fiat into Bitcoin in the west. This could happen through
1) Regulation
2) US applying pressure on Mt Gox bank to cease business
"That'll never happen you fucking mental retard idiot" says Franck,
Oh wait it has ALREADY happened to Mt Gox, they've had their Barclays bank account (UK) and their Polish bank account (EU) frozen.
The United Kingdom is thee most unfriendly banking region for Bitcoin hence why there is no exchanges in the UK, this is followed by the EU.
Bitcoin.de is the only EU Bitcoin exchange I trust because Bitcoin.de is run by a German GmbH (German limited liability company with a maximum liability of 20.000 Euro) and thus is subject to German and European law. In Europe any organisation that holds funds for it's customers must Have a Banking License. This is the reason PayPal didn't (officially) allow European accounts before 2007
In the UK it costs £25,000 simply to put an application in with the FCA, Intersango had an exchange, but they got through 2 or 3 bank accounts in the UK before being shut down. UK consider Bitcoin far too high risk - And that's WITHOUT the US putting pressure on these Banks.
In American Bitfloor got shutdown by their bank, Bitcoin-24 was shut down by their Polish bank, Canada shuts down Canadian Bitcoins without any reason. Getting the picture yet Franck?????
Quote:
Originally Posted by Dirty F
The price in China of 1 Bitcoin won't be different than in the US.
Oh and the biggest exchange (80%) is in Japan you idiot.
The US can shut down all they want, they don't control the Bitcoin.
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If Mt Gox is shutdown in the next 2 months I beg to differ, the price will crash.
NOW to my main point which is clearly over your head and if you weren't such an obnoxious French cunt you would have asked me about my opinion on why Bitcoin could be in serious trouble due to China's recent support of it.
China is in a currency war with the United States, China wants to remove the US currencies reserve status, currency of roughly 60% of global bank and sovereign foreign currency reserves, as well as the de facto medium of exchange for major commodity transactions in $.
For the last 5 years China has been taking agressive steps to undermine the $ - Supporting Bitcoin is just the lastest step in trying to undermine the $.
So you see if China supports Bitcoin in it's latest attempt to undermine the US dollar then it's only a matter of time before American decides to interviene and do something about it. IE CLOSE THE BITCOIN EXCHANGES and if you think that won't have an INCREDIBLY negative effect on the price of Bitcoins then you're a retard!
Unfortunately we had idiots like you cumming your pants with excitement about China like Turkeys voting for christmas!
Quote:
Originally Posted by Dirty F
Don't you people get bored of looking like clueless idiots over and over and over again?
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I and many other people on this forum get bored of reading your rude, ignorant and darn right nasty keyboard warrior posts at times. You live in a fantasy world where you think Bitcoin is gonna change the world. IT ISN"T
Bitcoin is in a volatile speculative bubble, it's economy currently isn't worth much more than what trade it does on Silk Road. It's probably 10x overvalued currently maybe more so!
If you own Bitcoins you have to deal with
1) Zero day exploits and hackers trying to steal your coins
2) Bitcoin exchanges going out of business or stealing your money
3) The crazy volatility of the Bitcoin market through pump & dumps - I'm sure traders are having a field day with this
I can't be bothered posting anymore at this point, you're the idiot. You're the one who has bought into Bitcoin boat, line and sinker.
At least I try to bring some sensibility and balance to these Bitcoin threads