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Old 05-14-2013, 05:08 PM  
Paul
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Join Date: Nov 2002
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Quote:
Originally Posted by seeandsee View Post
bc are stronger than ever :P

where is that annoying bc support fucker now?
It's a real shame no one explained how this would start happening...........

Quote:
Originally Posted by Paul View Post
Franck I'm going to write one post to school you since clearly most of this will be over your ignorant little french head.

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.

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?????

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!
https://gfy.com/showpost.php?p=19616416&postcount=26

TBH Seeandsee this is bad news for Mt Gox more than anything atm, will be really interesting to see where the price goes tomorrow, already down from $120 to $110.

I'm still gonna buy back in if there is a significant drop tomorrow but I think the next month could be incredibly volatile for Bitcoin if Dwolla is the start of an attack on the money transmitting services.

I said this last week, if Mt Gox had ANY sense at all they'd be speaking to Bank Of China or any big Chinese bank about moving all their funds to China. If Gox get their Japanese bank accounts frozen the price of Bitcoin will crash below $10
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