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p2pbucks (OP)
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December 18, 2013, 06:48:50 AM |
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Sorry to tell you this , but now you can't deposit cash on any exchanges in China . Deposit BTC / Withdraw BTC & Cash are fine . You may verify this on 1. okcoin.com 's mainpage. 2. https://www.chbtc.com/news/show-289-proclamation 3.BTCC's weibo http://e.weibo.com/bitcoinchina PBOC has banned deposit cash to exchanges from banks & third party payment in China at this moment. So my personal suggestion is : Don't reference the price on exchange's in China such as BTCC and OKCOIN , it's no value |
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Anon136
Legendary
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Activity: 1722
Merit: 1217
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December 18, 2013, 06:52:22 AM |
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what if you go to the front desk of the building that houses the exchange and slap a wad of physical cash down infront of the receptionist?
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Rep Thread: https://bitcointalk.org/index.php?topic=381041If one can not confer upon another a right which he does not himself first possess, by what means does the state derive the right to engage in behaviors from which the public is prohibited? |
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tclo
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December 18, 2013, 07:24:50 AM |
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Yeah let's see what happens to the price when you can sell adn take money out but you can no longer put money in to buy.
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empoweoqwj
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December 18, 2013, 07:33:44 AM |
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Sorry to tell you this , but now you can't deposit cash on any exchanges in China . Deposit BTC / Withdraw BTC & Cash are fine . You may verify this on 1. okcoin.com 's mainpage. 2. https://www.chbtc.com/news/show-289-proclamation 3.BTCC's weibo http://e.weibo.com/bitcoinchina PBOC has banned deposit cash to exchanges from banks & third party payment in China at this moment. So my personal suggestion is : Don't reference the price on exchange's in China such as BTCC and OKCOIN , it's no value The Chinese experiment didn't last too long did it  |
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woutersteven
Member
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Activity: 89
Merit: 100
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December 18, 2013, 07:34:42 AM |
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I can confirm this, the message on their dashboard says:
"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"
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empoweoqwj
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December 18, 2013, 07:36:42 AM |
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I can confirm this, the message on their dashboard says:
"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"
No wonder the btc price is currently crashing |
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p2pbucks (OP)
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December 18, 2013, 07:42:11 AM
Last edit: December 18, 2013, 11:49:24 AM by p2pbucks |
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Dont bother the price on BTCC .
Hope MtGox & Bitstamp can stand at last
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empoweoqwj
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December 18, 2013, 07:44:03 AM |
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They wanna to kill BTC in China, so Dont bother the price on BTCC .
Hope MtGox & Bitstamp can stand at last
Err ... they *have* killed BTC in China, when the Chinese government act, they act swiftly and decisively. |
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tutkarz
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December 18, 2013, 08:28:07 AM |
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They didn't killed btc they pushed it underground. I'm surprised because when I was introduced into bitcoin half year ago people was saying that it is killer money for banks and takes away power from governments. Now when china government is trying to close bitcoin because it is afraid of it, it proves that bitcoin is working as intended. The price should sky rocket and not fall. But maybe it will be the case when people realise that and will try to buy back.
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Paladin69
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December 18, 2013, 08:31:58 AM |
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They didn't killed btc they pushed it underground. I'm surprised because when I was introduced into bitcoin half year ago people was saying that it is killer money for banks and takes away power from governments. Now when china government is trying to close bitcoin because it is afraid of it, it proves that bitcoin is working as intended. The price should sky rocket and not fall. But maybe it will be the case when people realise that and will try to buy back.
Whether we like it or not, the underground is huge before people write that off. 50% of the black market using BTC would put it @ $150K each. This doesn't include the legitimate businesses going forward. |
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empoweoqwj
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December 18, 2013, 08:32:17 AM |
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They didn't killed btc they pushed it underground. I'm surprised because when I was introduced into bitcoin half year ago people was saying that it is killer money for banks and takes away power from governments. Now when china government is trying to close bitcoin because it is afraid of it, it proves that bitcoin is working as intended. The price should sky rocket and not fall. But maybe it will be the case when people realise that and will try to buy back.
Fantasy land. |
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tutkarz
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December 18, 2013, 08:46:22 AM |
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They didn't killed btc they pushed it underground. I'm surprised because when I was introduced into bitcoin half year ago people was saying that it is killer money for banks and takes away power from governments. Now when china government is trying to close bitcoin because it is afraid of it, it proves that bitcoin is working as intended. The price should sky rocket and not fall. But maybe it will be the case when people realise that and will try to buy back.
Fantasy land. Maybe, but I do hope bitcoin will blow up China gov from inside. |
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empoweoqwj
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December 18, 2013, 08:48:55 AM |
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They didn't killed btc they pushed it underground. I'm surprised because when I was introduced into bitcoin half year ago people was saying that it is killer money for banks and takes away power from governments. Now when china government is trying to close bitcoin because it is afraid of it, it proves that bitcoin is working as intended. The price should sky rocket and not fall. But maybe it will be the case when people realise that and will try to buy back.
Fantasy land. Maybe, but I do hope bitcoin will blow up China gov from inside. We all live in "hope", but another word for hope is delusion. |
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tutkarz
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December 18, 2013, 09:24:12 AM |
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They didn't killed btc they pushed it underground. I'm surprised because when I was introduced into bitcoin half year ago people was saying that it is killer money for banks and takes away power from governments. Now when china government is trying to close bitcoin because it is afraid of it, it proves that bitcoin is working as intended. The price should sky rocket and not fall. But maybe it will be the case when people realise that and will try to buy back.
Fantasy land. Maybe, but I do hope bitcoin will blow up China gov from inside. We all live in "hope", but another word for hope is delusion. Like it or not, China is going to be our test ground to check how bitcoin can live under government oppression. |
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myhoho
Legendary
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Activity: 1162
Merit: 1008
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December 18, 2013, 09:42:15 AM |
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The price fall is ridiculous. I mean, if we suppose that people are smart enough to understand it but its never true. Lack of liquidity on chinese exchanges actually means that deposits are more valuable... Thus, price should grow. They just need some time to understand that simple thing.
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Bitcoinpro
Legendary
Offline
Activity: 1344
Merit: 1000
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December 18, 2013, 10:35:55 AM |
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I can confirm this, the message on their dashboard says:
"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"
This is kind of Cave Man stuff coming from the home of Semi Conductor Manufacturing, and China's economy is going to get ransacked again  defiantly a cyclical thing. |
WWW.FACEBOOK.COM
CRYPTOCURRENCY CENTRAL BANK
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jubalix
Legendary
Offline
Activity: 2632
Merit: 1023
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December 18, 2013, 11:10:45 AM |
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The price fall is ridiculous. I mean, if we suppose that people are smart enough to understand it but its never true. Lack of liquidity on chinese exchanges actually means that deposits are more valuable... Thus, price should grow. They just need some time to understand that simple thing.
um the price fall in April was worse in percentage terms, and much quicker |
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empoweoqwj
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December 18, 2013, 02:54:46 PM |
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They didn't killed btc they pushed it underground. I'm surprised because when I was introduced into bitcoin half year ago people was saying that it is killer money for banks and takes away power from governments. Now when china government is trying to close bitcoin because it is afraid of it, it proves that bitcoin is working as intended. The price should sky rocket and not fall. But maybe it will be the case when people realise that and will try to buy back.
Fantasy land. Maybe, but I do hope bitcoin will blow up China gov from inside. We all live in "hope", but another word for hope is delusion. Like it or not, China is going to be our test ground to check how bitcoin can live under government oppression. Thankfully there aren't many governments in the world like China. Shame the population is so large though. Huge market has just disappeared |
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Nagle
Legendary
Offline
Activity: 1204
Merit: 1002
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December 19, 2013, 02:10:14 AM |
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I can confirm this, the message on their dashboard says:
"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"
That's what a Government mandated-shutdown should look like. No more deposits, but withdrawals continue until everyone gets their money back. Compare Mt. Gox. Inbound fund transfers work fine. Outbound transfers, not so much. |
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empoweoqwj
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December 19, 2013, 02:19:57 AM |
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I can confirm this, the message on their dashboard says:
"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"
That's what a Government mandated-shutdown should look like. No more deposits, but withdrawals continue until everyone gets their money back. Compare Mt. Gox. Inbound fund transfers work fine. Outbound transfers, not so much. But nobody shut Mt Gox down ....... But I still can't get any money out of them. Scammy ba8****** |
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