Deposits were not made illegal.  The government has only disallowed major banks and financial insitutions from transferring funds to exchanges. 

It makes every sense that we would see Chinese buying Bitcoin, especially now.  If in case it becomes more difficult in the future to purchase Bitcoin here, it's best to buy them while you can.  Wouldn't you?  Or perhaps not if you don't believe in the fundamentals of Bitcoin or see a future for it.  

I actually watched this happen on my charts in real time.  Pretty awesome.

XBT should be BTC in the article by the way.

Is this a joke?

I'm sorry for your trading platform if this is a serious post.  Link to your site?

EDIT: Just checked your last posts, so maybe you're not joking.  How could you get so far though and ask this?  Maybe I misunderstand what you're asking for.

Agreed!

China has not traditionally been a country that wants to keep others out.  It has traditionally been a country that wants to keep people, and more importantly their wealth, in. Only during certain periods, such as the Beijing Olympics as well as during the last few months, have they applied stricter rules for issuing visas.  I know foreigners that have been living here since the 70's without any difficulty.  If anything, I imagine China will be tightening up the borders as things could not get any more relaxed than they were just a few months ago.

Foxeevna, if you want to be a respectable and credible pool operator, I would at least give credit to the author that worked hard on the software you're using.  This and of course a donation considering how many pools you're starting up.

If you're stealing credit, who is to say you are not stealing miner's coins?

Who wouldn't be content with turning 2 BTC into 2.5-3 BTC in 24 hours?  It's a bit silly to think that you or anyone could sustain that kind of return day after day.  Apart from the fact that you won't always enter a winning trade, the market liquidity is not there to sustain that kind of growth.  The 24 hour trade volume on many coins isn't even a few Bitcoin, so trading any significant volume will move the markets far too much.

In saying that, if I could even guarantee a 1% return per day while compounding my gains, I could turn $1,000 into $37,783.43 in one year.  I'd be extremely happy (and rich) if that was not just being delusional.

By the way, $1,000 at 30% per day compounded daily over the course of one year would net you $388,439,683,864,471,242,462,639,369,352,853,954,800,648,192.00

Actually, Fenix, I believe you may be giving stompix too much credit. He could actually believe that China is somehow manipulating the network to reflect that they are solving 75% of all blocks.

"Mahendra Gupta had developed software for a bitcoin trading platform for an Australian company and accepted payments in bitcoins. He later developed a replica of the same platform and began trading in India. During the raid, 13 bitcoins worth Rs 6 lakh were recovered from Gupta's possession."

I wonder which one of the now hacked and defunct exchanges he developed. 

So yes, they're spendable.  I believe the FBI mentioned that there's a good chance they will liquidate those coins.

You're right.  PayPal even blocked your account if they found you were using it to fund Bitcoin.

However I believe eBay in South America accepts Bitcoins as payment.

I would be very wary about trusting this.  Especially coming from someone with only a few posts.

Though not recommended, it would be safer to leave your Litecoin on an exchange such as BTC-e than to trust a site like this that has no credibility and took only minutes to throw together.

My advice is don't fall for this.  Too many online wallet services have disappeared overnight with users coins.

Sure you're mining blocks but you're not spending coins you don't own like you stated. 

Gabi, please tell me how it's possible to spend coins you don't own.  It isn't possible.  Unless you actually think that reversing a transaction is actually your victim sending coins back you you?

It's just not the way it works.

True.  Double spending would probably be the most that would be accomplished, as well as orphaning a few blocks mined by others.  You can only double spend coins you own, so to even make a double spend worthwhile, you would already need to own a substantial amount if Bitcoin.  If you did own that amount of Bitcoin, you probably wouldn't want to upset its value.

I have retail locations available in Beijing, Shanghai, and Shenzhen already.  Also, I can't imagine the hardware being that difficult to acquire here.  What I'm interested in is exactly how the transaction is performed and at what premium to the buyer.  As long as it can be tied in directly to an exchange to avoid any exposure to the volatile market on my part, seems like a no-brainer.

Either way, will research this.

Yes, totally.  First one did 1 mil in the first month?  That's awesome!

I've been meaning to do a bit more research into what I'd need to do to set some up here in China.  Hearing this, I should probably get moving on it.

You can withdraw directly to any address.

Very true.  Since Bitcoins have been redistributed from the wallets of amateur traders that trade on gut instinct to the wallets of more experienced traders that observe charts, technical analysis has become invaluable in making successful trades.