Post
Topic
Board Speculation
Re: Hong Kong Issues Warning About Bitcoin
by
dataispower
on 10/02/2015, 12:06:11 UTC

Hong Kong central bank, not Hong Kong though.


That is the title of the article.

You are right. It's a pity that for mainstream media, central banks and a country are the same and only. :/


Oh no a central bank gives out a warning lol

They always have our best interests at heart don't they, creating money from nothing causing our hard working paper to lose value.

This to me is a signal of hope and that they are starting to be fearful  Cool


Edit: No, honestly, after that warning most likely a ban for the local exchanges will follow. That´s the way how they deal with it in China. An official warning is almost the same as a ban. If the exchanges don´t shutdown out of free will, they will be forced to do so in the next weeks.



You think that there will be a massive sell-off?

I have no idea, but i would guess it will start slowly and cascade more violently within the next 2-3 days.

I wonder how the market will react if bitcoin goes to double digits.

With more panic and hate towards bitcoin.
This upcoming total collapse is what I've been warning people about for a long time.

That sounds too pessimistic.