Bitcoin Forum

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

Dude, I totally beat you to this horrible factual news.  I've been posting proof and sources since yesterday.

SELL.
Right Now.

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  ;D

No tips needed.

Jokes on you, I already sold all my bitcoins at the top of the June 2011 bubble because it was obvious even then that this whole thing would totally fall apart once china completely bans bitcoin, as we now know it has from numerous legit sources. 

Proudhon was always revolutionary minded. He is one of those that can see two steps ahead.

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

Obviously prices are going down like the titanic.  We have no sustenance.  BTCchina was a supplement post April crash... and it was THE driving force in the October rally statistically.  So obviously now that it is about to vanish, price is going to correct to pre BTCchina mania plus a bit more publicity (most of it is either neutral or bad anyway).

  

u wrong ,man, just happened right now .

Yeah, poor me, I'm missing so much opportunities  ;D

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.

No, yeepay channel has closed. Check it yourself

LOL do you really think it can ever be?

I mean seriously? Please.... you guys hope something thats not possible and now you act disappointed?

Dear BTC China valued customer: Due to new government regulations, BTC China will temporarily suspend CNY deposits. BTC deposits/withdrawals and CNY withdrawals are not affected, and will continue to operate in the interim. Rest assure that BTC China will continue to operate normally. Please pay attention to our notices for updates, as we find other ways to allow for CNY deposits. We deeply apologize for any inconvenience. BTC China, December 18, 2013
To stabilize the recent turbulent Bitcoin market and minimize potential market manipulation, BTC China will end the 0% trading fee promotion, effective immediately, and revert to the 0.3% trading fee. We deeply apologize for the sudden change. BTC China, December 16, 2013

That's news to me. So now Btc china will probably be forced to set up new ops in HK and Macau. Shanghai free economic zone is a pile of crap. There are no financial reforms and there is zero change.

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.

To be fair, the USD is also a pile of crap.

Damn, this looks pretty bad :(  Fucking regulators.

https://bitcointalk.org/index.php?topic=375376.0;all

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

Maybe we can still buy on Taobao?

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.

 

Whoever holds through this has gigantic, planet-sized balls.  I am not that man.  See you all when China is cashed out.

It is bad for no fiat money inflow, means even if I want to buy a lot, I can not get money into the exchanges, we will have a very big divergence between btcchina and other exchanges, suggest that we take btcchina's exchange rate off the official exchange rate list, since they are essentially not an exchange any more

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.

very good point..  but seems many exchanges have slow money train inbox which means whales will grab all liquidity for now and sap price to nothing

Thanks I guess, although I would prefer them to be more compact than that.

Yes, you are finally correct, once.

Yes; same for me. Maybe more the size of a small moon?  ;)