Bitcoin Forum

BTCChina Exchange is operating normally, and has not received any new directives from Chinese regulators. We'll keep you updated.

i hope this news will bring live again to chinese bitcoin user, because when the bad news yesterday like doom days for bitcoiners in china

So all the panic we have with the news of chinese government shutting down local bitcoin trading platform is just another FUD  ???

If nothing has been announced officially than why we have to panic on some made up story written by a chinese media house.  ::)

Crypto market is full of newbie traders who will keep on selling all they have on every small dump.... :(

People don't understand Bitcoin, don't understand that fud is a powerful tool in this industry, don't understand trading, don't understand sponsored articles, and the list goes on.

Exchanges are the first to be notified when such rules are being put to work, and exchanges have already said to not have anything heard from governments concerning the shut down of all exchanges within China.

I almost can't blame those behind this fud for doing the same cheap trick over and over again ~ after all these years, it's still effective. At the end of the day, this recent dump offers people a great buying opportunity. :)

Seems fake news ?

Seems so. All the PBOC has done is release an English version of their regulations prohibiting ICO activity. I don't think the government would be so foolish so as to ban BTC exchanges nor cryptocurrency itself; that would put their population at significant disadvantage to the rest of the world. Maybe they wanted to stifle the bubble, though, to discourage capital outflows outside of the country.

Woohoo! So far it's all just fake news and bad translating. Wonderful! Glad to hear it! Thanks for the update!! I'll be sure to stock up on this dip.

It looks like people spread the fake news to create a panic sales so that they can buy things at a lower price. Since these markets are not regulated so big whales can easily manipulate these markets with these kinds of fake news. Don't sell any of your coins if you have invested for a long term perspective surely your will get a chance to sell at higher price.

IF there was any sort of ban on exchanges what would be the deadline for the Chinese government to announce that sort of thing? Or will they just do so without any sort of warning to you guys?

I honestly do not think that the Caixin report is accurate. They either misinterpreted what the guy was trying to say or they are just making news out of thin air. It's weird that no exchanges have been notified by the government, if it were to be true.

Anyways thanks for letting us know and please do keep us updated on the issue.

Thanks for the news.

Even if the Chinese government does ban bitcoin exchanges in China it shouldn't affect BTCC right? Since if I remember correctly it's actually not a Chinese company but rather a company based on Hong Kong(BTCChina is a different matter though).

I'm using the Mobi wallet right now, so I'm sort of wondering.

Anyways, i don't think this is real news anyways. Just wanting to see how BTCC vs BTCChina will be affected.

Ty for letting us know. We had a scare for a moment there that we might lose you. But I dont see the major exchanges closing. Its the smaller ones that list scamcoins and coin offerings who are in real danger from the ire of the Chinese government.

This just reeks towards massive market manipulation.

Were there any big shorts made before the news got out? That would strongly support manipulation.

Yeah, I also had the same thoughts. Surely someone close to all the information shorted at the top and started buying back at the bottom.

Next time China threatens to ban BTC again maybe it should be a welcome moment for us to keep buying while they are selling.

But this news did do it's job in the way some wanted it too (The Chinese government? ::) ) in getting the bitcoin price to fall dramatically over the news of this "going to happen". Which it did not in reality.

This is why to have a country such as this one to have a hold of so many future bitcoin in the form of their mining threshold being detrimental to bitcoin and everyone around the world using it.

This is the sole factor that will hold back bitcoin from ever being a global currency and even eventually replacing a countries fiat currency. That which was the intention of some of us who want this world change to happen but China is holding this intention from ever coming to fruition.

Can we get an update? What is actually going on? We need to hear from you OP! We need to stop the bleeding!

You should check their official Twitter account. They tweeted that they will be stopping all trading by the end of this month upon studying the latest statement from the PBOC. That was yesterday. If BTCC changes their announcement again then this smells like market manipulation.

I think BTCC China had just suspending and stopping trading in the end of the month. I also hope that they can officially post in this thread so that members can see it. The announcement has again affected the price and currently trading at $3300. But we all know that with or without China, Bitcoin price will go up again, but it will took longer as expected. I consider this news as another bleeding for bitcoin. But hey, this is a good buying point and just Hodl and not be nervous from all of this dumps. Let China sell all their bitcoins, so that others can come in and ride the hype train.

Current dump in China has gone way too far now. At some point the market will likely get bought up due to people wanting to get their funds out of these exchanges as soon as possible. In the extreme short term (few days), we might see the Chinese market go down a little more, but we've seen the worse, that's for sure. The entire community acts like China is Bitcoin, and for that reason are panic selling like there is no tomorrow, but that obviously isn't the case - the empty headed people just need to realize that. Regarding BTCChina, it's quite sad to see them having to halt their Chinese activities, but it is what it is - we'll overcome this without much problems, it might only take some time. I hope they manage to relaunch, but then as Hong Kong registered exchange. I would like to hear from BTCChina if they are open to consider this.