Officially the birth of the 2017 Bitcoin crisis in China by closure of BTCChina

[Guest]

The decision to close the second largest Bitcoin trading platform in China and I’m talking about BTCChina makes us finally talk about the birth of the crisis i had predicted in previously which target Bitcoin. For investors in the rest of the logical digital currencies like the Ripple, they will have to move forward by keeping what they have and looking for buying more of them at the lowest possible price.
https://www.ripplecoinnews.com/officially-the-birth-of-the-2017-bitcoin-crisis-in-china

Edited September 14, 2017 by ahmadderar

[CountChocula]

Has xrp ever increased in satoshis during a bitcoin crash? I don't recall ever seeing it like we're seeing slightly now. I've always noticed the satoshis slide hard when btc crashes. Could be a very good omen and maybe the very beginnings of a decoupling.

[Hodlezerper]

5 minutes ago, CountChocula said:

Has xrp ever increased in satoshis during a bitcoin crash? I don't recall ever seeing it like we're seeing slightly now. I've always noticed the satoshis slide hard when btc crashes. Could be a very good omen and maybe the very beginnings of a decoupling.

Pretty cool to see XRP green against BTC in a sea of red. I hope it's the beginning...

[Delro]

Getting closer to #XRPTHESTANDARD

[M-X]

1 hour ago, CountChocula said:

Has xrp ever increased in satoshis during a bitcoin crash? I don't recall ever seeing it like we're seeing slightly now. I've always noticed the satoshis slide hard when btc crashes. Could be a very good omen and maybe the very beginnings of a decoupling.

Not only that - it took down a 1.2K BTC sell offer of XRP after several major crashes. Perhaps the XRP interest may be attributed to Ripple's recent interest in Hyperledger - people may think that XRP will be pushed onto them as a settlement solution as the situation with R3.

[CountChocula]

2 minutes ago, M-X said:

Not only that - it took down a 1.2K BTC sell offer of XRP after several major crashes. Perhaps the XRP interest may be attributed to Ripple's recent interest in Hyperledger - people may think that XRP will be pushed onto them as a settlement solution as the situation with R3.

Perhaps Ripple's IoV vision is just starting to take shape for Governments, fintech companies, investors, etc.  Wouldn't that be swell?

[cryptoman]

With Don Tapscott scheduled to make the concluding remarks, I would anticipate hearing a message strongly geared towards the Internet of Value.   Redistributing the value to the original creators of that value versus intermediaries, coupled with basic privacy protection via the blockchain.

[ade]

Looks like we're gonna have a month of cheap xrp.  But the bad news..... the chinese government will have a meeting on the 18th and apparently won't make a decision before then.  Rocky road ahead...

 

 

[CountChocula]

20 minutes ago, cryptoman said:

With Don Tapscott scheduled to make the concluding remarks, I would anticipate hearing a message strongly geared towards the Internet of Value.   Redistributing the value to the original creators of that value versus intermediaries, coupled with basic privacy protection via the blockchain.

An egalitarian view as opposed to a corporate self-interest one

[cy2017]

40 minutes ago, ade said:

Looks like we're gonna have a month of cheap xrp.  But the bad news..... the chinese government will have a meeting on the 18th and apparently won't make a decision before then.  Rocky road ahead...

 

 

U r on the point, one week china 19th party congress starts on 18th Oct. This is one of the biggest 5-year event in China. It's an equivalent to presidential election in other countries that the elected Chinese leaders for the next 5 years will be announced. A serious crack down of corruption on the high level is followed. BTC and other cryptos as one of the unregulated way of money laundering will definitely be temporary blocked until china is politically stable. So we will be having a very volatile 1-2 months from now on. 

[Skippy]

I bought XRP when XRP/BTC was like 10K satoshis. Now its been around 5k for a while and going up to 5.4k now.... so we have a way to catch still

[GiddyUp]

Has anyone given any thought to what happens to the 51% Chinese mining pool? Where do we think the majority will settle? Also does anyone want to buy a cheap Chinese mining rig? 

[Guest]

2 hours ago, GiddyUp said:

Has anyone given any thought to what happens to the 51% Chinese mining pool? Where do we think the majority will settle? Also does anyone want to buy a cheap Chinese mining rig? 

I'd say the price of warehouse space in Hong Kong is about to skyrocket!

[RipDip]

3 minutes ago, tartankiwi said:

I'd say the price of warehouse space in Hong Kong is about to skyrocket!

Doubt any mines are opening in the second priciest city in the world.  The overhead would be ridiculous. 

Mongolia, Vietnam, Kazakhtan are probably more realistic.