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Showing 20 of 39 results by AlbertKing
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Topic OP
I'd call it a bottom right now. Maybe the lowest in the near future.
by
AlbertKing
on 19/12/2013, 02:17:53 UTC
The china exchanges correction is much faster than I expected(watch the amounts).
Right now big money in china is playing tricks to get cheaper coins.

And after yesterday's presure test of RMB2,000, there is very few chance that it ever go worse than RMB2,500.

So I'd call it a bottom now, if no more bad news from the gov.

Tipping Address:
188vSXijbqQGzBRXNzJzvF1U9bgBPRPpiN
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Re: WARNING again, the funds in china exchanges doesn't retreat at once, but slowly
by
AlbertKing
on 18/12/2013, 18:48:11 UTC
It's not that simple.
Big players are manipulating news and pumping the price up temporarilly for dumping their coins, this would happen numerous times.

If no more money can be pumped into the BTC China exchange how can the price go up? Wouldnt the price of btc either go down or stay at the same level?
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Re: WARNING again, the funds in china exchanges doesn't retreat at once, but slowly
by
AlbertKing
on 18/12/2013, 18:23:38 UTC
See what's happenning right now? And I'm sure you couldn't understand why.

Remember, days, not hours.

And be really cautious now, big players in China is F**king with you guys.
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Re: WARNING again, the funds in china exchanges doesn't retreat at once, but slowly
by
AlbertKing
on 18/12/2013, 10:46:06 UTC
Interesting.
Why don't you do it when you have the chance to double your coin amounts without put in more fiats?

Do you guys really just hold you coins no matter what?
Or is it a cultral difference between west and east? Which holding coins during the crach actrually make you feel better?


Sold some at $800..bought some back at $520..

You are a traitor - you wrote you were holding like a boss - and now we learn that you have sold!?

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Re: WARNING again, the funds in china exchanges doesn't retreat at once, but slowly
by
AlbertKing
on 18/12/2013, 10:16:27 UTC
You're getting bit boring mate.

Just sayin'  Grin

I won't do it any more.

It's a Darwin thing. Somebody are just born smarter, and some born loser.

I guess warning or not doesn't change that truth.

We say joke like this in chinese: 你他妈不赔钱,老子赚谁的去啊?

Peace:)
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Re: WARNING again, the funds in china exchanges doesn't retreat at once, but slowly
by
AlbertKing
on 18/12/2013, 10:08:29 UTC
Anger doesn't solve a problem, and stupidity doesn't makes one more noble.

Well, let's thank to all the fuckheads that speculated in such a way they played bitcoin like a videogame. I hope all die painfully.

Meanwhile, holding. But these bubbles are not sane for the economy and some people should be executed and put to pay for the bullet. And if their cranium is too hard and the bullet won't terminate them, they should be let to agonize because it's recession and no money for more bullets.
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Re: It happened. You cant deposit in BTC china & OkCoin through banks now.
by
AlbertKing
on 18/12/2013, 10:01:21 UTC
Yes, you are finally correct, once.

See for yourself.
You donno what does opportunity means at all.

Lol, you obviously need this to stay near the top so here is a free bump for me.

Anything that could make our little Albert more happy  Grin

No tips needed.



Yeah, poor me, I'm missing so much opportunities  Grin
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Topic OP
WARNING again, the funds in china exchanges doesn't retreat at once, but slowly
by
AlbertKing
on 18/12/2013, 09:40:56 UTC
If you are holding fiat, you better wait and see, you'll know it when it's the bottom, perhaps in days.

If you are holding coins, sell when noobs pull the price up, you don't have many chances, don't miss it when you got it.

Chinese bitcoin big players are smart, some of them successfully dump all their coins even before the crash, most of those who didn't, are trying to make a profit when they could, but eventrually they would retreat, and more likely with profits, small players & noobs would lose, and get out too. Only real geeks would stay.

So how do you think smart players would do ? crash the market and get out?
No. They would make illusions, try to sell high, get money from noobs.

Be really cautious guys. I tried 2 times to warn you before, now this is the third time, grip the opportunity when you still could.

And watch BTCChina real time chart, you'll know what I mean by above.

Tipping Address:
188vSXijbqQGzBRXNzJzvF1U9bgBPRPpiN


 
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Re: It happened. You cant deposit in BTC china & OkCoin through banks now.
by
AlbertKing
on 18/12/2013, 06:48:45 UTC
This affects every exchanges in China, it means when we retreat our funds in exchanges, you'll get back roughly where before the china rally begins. Think for yourself.

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Re: It happened. You cant deposit in BTC china & OkCoin through banks now.
by
AlbertKing
on 18/12/2013, 06:03:14 UTC
No money in, only out, and the coin pool size would stay the same. Imagine what does that means.

We are not talking about hours, we are talking about days of price fall off, this is just the beginning.

See BtcChina chart now, falls to RMB2,800 without a big bounce at all. Now this is very very unusual. If you are holding coins instead of fiat, God bless you.

 

Confirmed, now btcchina do not take bank deposit. So no fiat money inflow, and btc/fiat money outflow is allowed

http://ww2.sinaimg.cn/bmiddle/8025921bjw1ebnqz91khzj20c307k75e.jpg


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Re: It happened. You cant deposit in BTC china & OkCoin through banks now.
by
AlbertKing
on 18/12/2013, 05:15:25 UTC
No yeepay doen't work anymore.
Yes China gov is stupid, a bunch of silly old old men reighn. It could be a great opportunity for china to accecpt bitcoin. What a shame.

Nontheless, get back to your couch, beer and popcorns, we are going to see a price free fall in the coming days.



If you cant deposit through banks, basically most speculators would retreat. This is not  about 3rd party payments company, this is about banks. We may expect a bigger sell off later.

And it means the gov is more serious than we think, this may kill the exchanges in china in the long run.

It's just a hint for you guys to be prepared. If you made a profit by this message, then it's not in vain.

This is the other warning thread I made before the last sell off:
https://bitcointalk.org/index.php?topic=373212.0

Tipping Address:
188vSXijbqQGzBRXNzJzvF1U9bgBPRPpiN

I'm relaxed but I also don't have many btcs. However, I should point out that yeepay is still working. Also, if this continues Btc china will be forced to set up shop in HK and Macau. Therefore, goodbye shanghai "free economic zone".

China will go back to the Stoneage in terms of financial reforms. And the RMB will never be an international currency due to banking restrictions.
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Re: What are the FACTS with the China transactions ban?
by
AlbertKing
on 18/12/2013, 05:04:15 UTC
banks are banned.
You cant deposit to BtcChina & OkCoin through banks now.

I have been scouring over the internet trying to get hard facts on the PBOC's ban on Bitcoin transactions.

So far the story ranges from only third party payment processors are forbidden from doing transactions with Bitcoin exchanges (as plenty money changers in the West don't allow transactions onto Bitcoin exchanges), to the PBOC outright banning all banks from processing any transactions onto Bitcoin exchanges by the end of January 2014.

One set of circumstances means Bitcoin will live on in China, the other means the practical death of Bitcoin in China.

WTF is going on over there?
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Re: It happened. You cant deposit in BTC china & OkCoin through banks now.
by
AlbertKing
on 18/12/2013, 04:54:04 UTC
See for yourself.
You donno what does opportunity means at all.

Lol, you obviously need this to stay near the top so here is a free bump for me.

Anything that could make our little Albert more happy  Grin

No tips needed.


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Topic
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Re: It happened. You cant deposit in BTC china & OkCoin through banks now.
by
AlbertKing
on 18/12/2013, 04:44:51 UTC
SELL.
Right Now.


If you cant deposit through banks, basically most speculators would retreat. This is not  about 3rd party payments company, this is about banks. We may expect a bigger sell off later.

And it means the gov is more serious than we think, this may kill the exchanges in china in the long run.

It's just a hint for you guys to be prepared. If you made a profit by this message, then it's not in vain.

This is the other warning thread I made before the last sell off:
https://bitcointalk.org/index.php?topic=373212.0

Tipping Address:
188vSXijbqQGzBRXNzJzvF1U9bgBPRPpiN
Post
Topic
Board Speculation
Topic OP
It happened. You cant deposit in BTC china & OkCoin through banks now.
by
AlbertKing
on 18/12/2013, 04:34:15 UTC
If you cant deposit through banks, basically most speculators would retreat. This is not  about 3rd party payments company, this is about banks. We may expect a bigger sell off later.

And it means the gov is more serious than we think, this may kill the exchanges in china in the long run.

It's just a hint for you guys to be prepared. If you made a profit by this message, then it's not in vain.

This is the other warning thread I made before the last sell off:
https://bitcointalk.org/index.php?topic=373212.0

Tipping Address:
188vSXijbqQGzBRXNzJzvF1U9bgBPRPpiN
Post
Topic
Board Speculation
Re: BTCChina start to charge trading fees now, another sell off may be expected.
by
AlbertKing
on 16/12/2013, 23:13:07 UTC
Yes sometimes it's very slow to inject your coins. Better prepare it before the show even start.


I hope you guys sell at $840(the price when I write this) and buy back at $720(the price 5 hours later), that's a 17% ROI.

a rumor/speculating post is just for this kind of effect I guess.

For those who dont give a F about profit, well my hat's off to you.

Tipping Address:
188vSXijbqQGzBRXNzJzvF1U9bgBPRPpiN

I tried to dickhead, but your goddamn exchange, BTCChina ate my BTC for the duration of the drop...

("dickhead" is jokingly, btw. I'm with you, all I wanted was to make my damn 17% or so; anytime I can increase my holdings of BTC I'm happy)
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Re: BTCChina start to charge trading fees now, another sell off may be expected.
by
AlbertKing
on 16/12/2013, 21:55:00 UTC
You may feel it arbitrary but I'm just trying to tell you the truth, it's hard to get the idea if you don't actrually live here.

You are wrong.
We buy bitcoins to make a profit.

the chinese were buying btc for a couple of reasons and one of them was property tax evasion
(property bought with btc  was not taxed )
but the main one was to bypass current laws on chinese citizens being restricted to moving money
out of china (its  illegal to transfer more than $50,000 out of china in a single year)


they can  claim to be speculators or whatever but i believe these reasons are more important to them
than any other reason to buy bitcoins


you can speak for every single  chinese person whos ever bought BTC's ?
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Re: BTCChina start to charge trading fees now, another sell off may be expected.
by
AlbertKing
on 16/12/2013, 21:29:29 UTC

I hope you guys sell at $840(the price when I write this) and buy back at $720(the price 5 hours later), that's a 17% ROI.

a rumor/speculating post is just for this kind of effect I guess.

For those who dont give a F about profit, well my hat's off to you.

Tipping Address:
188vSXijbqQGzBRXNzJzvF1U9bgBPRPpiN
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Topic
Board Speculation
Re: BTCChina start to charge trading fees now, another sell off may be expected.
by
AlbertKing
on 16/12/2013, 21:18:25 UTC
You are wrong.
We buy bitcoins to make a profit.

the chinese were buying btc for a couple of reasons and one of them was property tax evasion
(property bought with btc  was not taxed )
but the main one was to bypass current laws on chinese citizens being restricted to moving money
out of china (its  illegal to transfer more than $50,000 out of china in a single year)


they can  claim to be speculators or whatever but i believe these reasons are more important to them
than any other reason to buy bitcoins
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Topic
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Re: BTCChina start to charge trading fees now, another sell off may be expected.
by
AlbertKing
on 16/12/2013, 16:22:00 UTC
And I'll be honest with you too, I don't care about what you say either.

Just give some hints to you guys here if you dunno what's happening in China right now.

Now Mt.Gox is $840 Bitstamp $775 and BTCChina is & 760, very unusual.



Albert, let me be perfectly honest with you - I couldn't give a flying one what typical Chinese trader is and what he is going to do now.

China hype is used well, they can all stop trading now as far as I am concerned. I'd actually be perfectly happy if China factor would be completely wiped out from Bitcoin scene, sick of noobs shitting their pants whenever China farts.