Post
Topic
Board Speculation
Re: Bitcoin bubble won't last without Beijing's approval
by
Honeypot
on 13/01/2014, 21:39:36 UTC
You're both pathetic backwater scum. Now take it somewhere else.
who is "both"
Take a wild guess....
Not paying to much attention to non-relevant nonsense tbh..... however I hope their parents come home soon.
I can only speculate that their Playstations don't work so they cannot heckle people on Call Of Duty or BattleField.....hence they come here to vent the abundance of teenage testosterone.....

As soon as the boy can work up the balls crawl over to his daddy with his head and eyes hanging low and asking for handouts because he got himself into debt he can't repay Smiley

On topic, bitcoin doesn't need anyone's 'approval', definitely not chinese one. Why should bitcoin care since it has been having ups and downs since the beginning, slow and sure upward trend, increasing bubble amounts each year, and growing userbase?

The only thing chinese did is to speed up the schedule of the inevitable large bubble. Even if every single chinese withdrew from bitcoin, the schedule will continue and leave china in the dust.

 

Going back to the article in question, it seem to be a lot more "anti" than previous articles.... if we assume that it was state sponsored/sanctioned, then we have to speculate that the tide is indeed turning for the worse.
Whilst i don't believe that china will be a deal breaker, i have to admit that it would have been in the best interests of the bitcoin community if China had got behind it, or even tolerated it's existence within their borders.

As I said, we don't need china for bitcoin. If you observed the trends, you can clearly see that this current bubble was an ahead-of schedule anomaly.

If the chinese quit, bitcoin will return to its original schedule, and reach each bubble slower. That's all. There's little stopping its rise unless serious regulations are placed by larger and more powerful governments.