BTC China stops account funding

[yomofo]

http://www.weibo.com/2149945883/B1wQbdDTM?mod=weibotime

google translate:

Since China Merchants Bank recently issued a notice, Bitcoin Chinese capital security considerations for users and platform stability operations, decided to suspend the account of RMB CMB recharge.

[y3804]

for once im a little bit faster than yomofo!

no options available for fiat deposits for BTCChina. waiting for Huobi's statement..

[UnDerDoG81]

blah blah blah... always the same people here, making the same threads...

[zby]

So is it now that we have a bad China news and it does not drop?

At some point that has to happen.

[windjc]

http://www.weibo.com/2149945883/B1wQbdDTM?mod=weibotime

google translate:

Since China Merchants Bank recently issued a notice, Bitcoin Chinese capital security considerations for users and platform stability operations, decided to suspend the account of RMB CMB recharge.

When did this come out? In the middle of the night on Sunday? Or has this been out a day or so?

[y3804]

http://www.weibo.com/2149945883/B1wQbdDTM?mod=weibotime

google translate:

Since China Merchants Bank recently issued a notice, Bitcoin Chinese capital security considerations for users and platform stability operations, decided to suspend the account of RMB CMB recharge.

When did this come out? In the middle of the night on Sunday? Or has this been out a day or so?

So is it now that we have a bad China news and it does not drop?

At some point that has to happen.

 has already been out on China news for more than 12h. this is why it (already) has been priced in

[Raystonn]

Lack of movement means buyers equal panic sellers.  Actually, the market has moved up a bit.  So buyers exceed sellers right now.

[gagalady]

Lack of movement means buyers equal panic sellers.  Actually, the market has moved up a bit.  So buyers exceed sellers right now.

The price seems to recover very slowly looking into past 2 days. Hope we wont have any bad news from china and the price will start Its new growth on May. May the new month of bitcoin reborn

[keithers]

As time goes on If the Chinese gov't keeps acting like this, the BTC ecosystem will just move on without them. At the end of the day, they are only 1 country in this huge world. There is plenty of money without them.

[lyth0s]

What has occurred every other time the "PBOC" supposedly "bans bitcoin" is that there is about a $50 dip in bitcoin price, the date it is supposed to occur passes and bitcoin price rebounds. Same story, different day. And honestly, if the PBOC actually ever does stop any chinese fiat going into BTC, at least that will get rid of all the bad press around bitcoin problems in china.

[igorr]

Mining is no more profitable, and bitcoin goes to zero, its all and so simply.

[leopard2]

not too far in the future Chinese will have to lift capital controls because it leads to a massive liquidity bubble inside China

http://www.zerohedge.com/news/2014-02-15/chinas-liquidity-bubble-hits-record-china-banks-issue-50-more-loans-fed-and-boj-qe-c

so massive that it becomes dangerous; real estate is just an example  



and then, BTC will take the $1000 barrier smooth and easy

NO ONE CAN CONTROL THE MARKET FOREVER not even PBOC