So you dont think having them state that accounts will be frozen come the 15th, would cause anyone to sell? That seems very realistic for someone that has a lot of money tied into this.
the exchanges that have been informed that its in their best interest to move accounts have already got new account and are changing the deposit details on thier website as we speak,
bitstamp, bitinstant, bitpay all had to change their banks too due to doing bitcoin related trading and guess what.. they did not cause this same hype!!
To me this whole thing feels like an orchestrated market manipulation via news channels to cause a price drop. Similar to the news they scared everyone with back in February?
agreed its the fault of western media.. the issues china ACTUALLY and in REALITY have are unnoticable.. its purely media hyped up on acid.
the main problem is people, like your fine self try to research the true facts only via media stories. which makes you part of the problem, no offense. but if you read the updates on the exchanges and read the chinese press releases instead of western media's edits... you will see that exchanges are not having any big issues. they are still trading
Just had facetime session with bitcoiner friend in Beijing, most exchanges still have a deposit freeze - Nothing has changed thus far. Has to clear all fiat funds by 18th. Never underestimate the Chinese though, I'm confident they will find another way to re-charge their respective exchanges with CNY/RMB.
Amazing how this news/statement has influenced the price! Nor China or PBOC has the ability to "ban" bitcoin
Just won't be able to directly fund ANY bitcoin exchange (globally) via their
central bank/affiliates.
My business within Europe depends on me making continuous deposits to my exchanges via my bank. I simply would not be able to operate if my European bank disallowed this. So that's what's facing Chinese bitcoiners.
your missing the key point. exchanges such as huobi and btcchina have now got COMMERCIAL bank accounts instead of
CENTRAL bank accounts.
on the 14th an exchange is simply going to change its deposit details on their website.. from a customers point of view that is all that will change..
from the exchange point of view they credit peoples balances from any deposits from both accounts, and then only from the commercial bank account after the 18th.
simple as pie. nothing drastic will happen like a goxx theft or the closing of exchanges.
