Functionally this is the exact same thing though. The main thing driving the adoptions of BTC in China was the fact that Baidu (chinese amazon) accepted them. After the ban they stopped taking them as payment which had a negative affect on the price, same as most other major chinese businesses.
Why would anyone buy bitcoins when they can't spend them anywhere? Oh wait that's exactly what most idiots are doing.....
I mined at a massive loss in electrical costs and PC hardware for several months, what a waste eh? Turns out now its £700 profit.
Last edited by Theblacksheep; 12th December 2013 at 02:19 PM.
Mt.Gox BTC/USD Charts - BitcoinWisdom
Also looking for news and market affecting issues here - Sharing of ideas, tips and strategies for increasing your Bitcoin trading profits
China still controls the other exchanges, watch ChinaBTC for an idea what will follow from the rest of the world.
"Learning Trends" - sounds dangerously misinformed.
Paul Lutus has an interesting article on Stocks and Stockbrokers which is worth a read. Basically, you can classify any short term commodity trading as gambling (and no one has (or can have) "expertiese" which will beat the market).
If you are playing with tulips, don't play with more than your can afford to lose.
Edit: @Sdrawkcab - mutual friend is reckoning they make $120 / week mining litecoins .. dunno what the overheads on that are though ..
Last edited by soveryapt; 12th December 2013 at 03:28 PM.
And when I say learning the trends, I mean learning the basics and how people respond to circumstances. They have a language of their own, Bullish or Bearish, whales - selling on the way down, three peaks, inverse head and shoulders.
Im dipping my toe in as they say
Sorry but I have to laugh at that. Apple users (or Sheeple) tend to be seriously naive. Waterproofed iPhones, sudo commands, phone factory restores, bricking phones, bricking iMacs etc. Think they'd learn, but clearly not.
Why do people ever believe these things? And there's always some reply that's obviously 4chan that's like "whoah, wtf"..
People. Y u no learn.
(Could also be shills for the lulz, I guess)
You can't just say its Apple users though... As people have been tricked by 4chan into bricking their Xbox Ones too. The commonality is 4chan users.
Bulk of the users bricking xbox ones were kids, not saying all of them, but a bulk of them.
Thing is, if you dont know what you are doing, why trust something if it isnt from source (ie xbox backwards compatibility not being on ms site).
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