Bank account still working for OKCoin (CCB). I don't know about BTCChina
I don't know about OKCoin, just BTC China. Also, another important thing to realize here is that this is China, not the US. There is lots of looking the other way and not asking questions. Any Chinese person could walk into any bank and set up a new business account that can be used to funnel money to these companies. I think worst case scenario, they "offshore" to Hong Kong based banks which would allow them to still trade in RMB, albeit for slightly higher fees. I don't know why people have such a disdain for China and Bitcoin. Anybody who either wants their Bitcoin investments to go up or wants Bitcoin to become a real worldwide currency should be ecstatic about Bitcoin growth in China, not saying that it disrupts the market. I would think that governments making arrests and seizing bitcoins, exchanges going under or being hacked, or news of other types of fraud against bitcoin owners would be much more disruptive to the market and future of Bitcoin than the Chinese government telling banks to not knowingly work with any Bitcoin companies. Of course, outside of China the news gets blown out of proportion each and every time.... For one who is in China, there has been zero difference this whole time. Can you confirm that ALL bank accounts are closed for BTCChina and Huobi? |
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I don't know why exactly this is happening but i do know if they really wanted to stop this they could ban Bitcoin now and close all related bank accounts. But they won't because someone has an agenda here and is probably making a lot of money.
Read this article http://bitcoinblog.de/2014/04/28/chinese-banks-dont-know-how-to-act-appropriate-cause-bitcoin-is-too-tiny/TL;DR Banks don't care about Bitcoin. They don't really give a sh** about closing the accounts. They find weird that PBOC is pressuring them over such a small issue. PBOC is having trouble closing the accounts and even had to send two of the second highest rank officials to interview the banks You've probably already read it anyway. I agree, someone is making a lot of money behind the scenes |
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Just sent an email to the Agri Bank hotline to shutdown BTCCHINA as they are violating the BAN
Lets hope it works....china Im sorry but its not you but us and we are moving on
Nope, it didn't work. Know why? Because that list is way out of date. The last of those banks to keep an open account was China Merchants Bank, and that stopped working with BTC China as of this past Monday morning. Bank account still working for OKCoin (CCB). I don't know about BTCChina |
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New update from OKCoin (2014-05-01 08:46:08) RE: CCB "Declaration on the Prohibition of the use of my bank account for Bitcoin transactions."
Hello, my colleagues have been responsible for the company and related verified. No problem, our account hasn't been cancelled. Please rest assured. It looks like banks have put the statement online without cancelling a single account. All exchanges still allowing fiat deposits as usual. Great. So this shit can continue a few more months. That's the plan. Kill all potential BTC investors by FUDing for a few months. Fuck you PBOC |
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New update from OKCoin (2014-05-01 08:46:08) RE: CCB "Declaration on the Prohibition of the use of my bank account for Bitcoin transactions."
Hello, my colleagues have been responsible for the company and related verified. No problem, our account hasn't been cancelled. Please rest assured. It looks like banks have put the statement online without cancelling a single account. All exchanges still allowing fiat deposits as usual. Find specific accounts being used for bitcoin trading and then cancelling them is a task ahead of them that they have to do work for and perform. However, it is easy to simply post a statement. The May 10 deadline I believe is just a deadline to make statements and not actually close accounts. I hope not. That would launch BTC to the moon again on May 10th |
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New update from OKCoin (2014-05-01 08:46:08) RE: CCB "Declaration on the Prohibition of the use of my bank account for Bitcoin transactions."
Hello, my colleagues have been responsible for the company and related verified. No problem, our account hasn't been cancelled. Please rest assured. It looks like banks have put the statement online without cancelling a single account. All exchanges still allowing fiat deposits as usual. |
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Well you should tell us your prediction before the third article, but judging from your first paragraph of this article when you said you had been too optimistic, I assume you think its going to get worse.
True, but I wish to find out in which way to get worse and its impact (or lack of) on global market, need to introspect my prediction too, a few more days helps. Lack of? .. |
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This makes no sense! CMB, CCB clearly banned BTC related transactions. Why is BTCChina still allowing bank transfers through CMB/CCB?
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Is this the day we have been waiting for, when the FUD comes and nobody cares? sell the rumour, buy the news.
All rational investors are now out of BTC, transferred into fiat already. This allows exceptional manipulation on Huobi (price recovery within a hour), and yet Stamp still follows Huobi like a sheep |
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lol, it's not that easy, but if you want to try your luck, then be my guest! Bitfinex.comJust deposit some funds and click sell. Simple as that. If it goes to $0 and they don't flee with your money, you will make $445/BTC sold (shorted). Thanks Bro! What do you mean flee with my money? gox You're a troll |
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Very late, News released 9 hours ago!
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PS. $170 +/- USD coming soon.
$170 in how much time? |
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So in other words China is effectively going to ban Bitcoin, I mean finally getting it over with. Fuck yeah! We're just waiting for Bank of China. Operators want a last pump before going short and releasing the statement. |
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It's irrelevant to the pump, that's for sure |
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Huobi is certainly on a little rip. Any idea why?
Stamp too Did some research. Absolutely nothing. Artificial pumping Obviously stamp has to follow. lol |
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In recent postings, you have become quite intense in your FUD spreading.
Your above post is filled with many unfounded assumptions. Coins would have to be sold for much below market rate before there would be an incentive to dump. I do NOT see whey the GOVT would sell BTC below market rate unless there is some kind of collusion.. .for example selling to some big bank that wants to bring down the BTC market.
https://bitcointalk.org/index.php?topic=577764.0 |
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if they sold 380,000 btc for 3m, that would be $12 each. - must be a portion, or Im missing out on some seriously 'cheap coins' Well it's unlikely that they will sell 380,000BTC for the full $173M they are worth. Someone will get cheap coins Bitcoins are fungible, so even if they don't get dumped on the market, other coins that would have otherwise gone to the purchasers of the seized coins will get dumped on the market. Mathematically it is irrelevant if the result is selling pressure or lack of buying pressure. There is a downward price effect on the market either way. +1 Same goes for 200,000 Gox BTCs to be liquidated. And US goverment has now more than 500,000 BTC ?!? 30+k from Silk Road, 130+ personal Ullbricht stash plus 385k from this new drug dealer? This. The amount of seized BTC that has to be auctioned and dumped on the market is so high... At least 400K (GOX+Silk+others), if not more, probably sold well under $250 for each coin, ready to be dumped on the market at any point. Truth is, even a relatively small 20K dump could totally crash BTC's value to $50/coin. I could literally wake up one day and see BTC's value drop 50%. This will kill BTC's long term value, seriously scary stuff |
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if they sold 380,000 btc for 3m, that would be $12 each. - must be a portion, or Im missing out on some seriously 'cheap coins' Well it's unlikely that they will sell 380,000BTC for the full $173M they are worth. Someone will get cheap coins |
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