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Author Topic: China (Unofficially) Authorizes Bitcoin!  (Read 3133 times)
Mickeyb (OP)
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October 25, 2015, 07:15:42 PM
 #1

I am surprised we haven't discussed this! Have I missed this discussion maybe or we have all just missed this huge news in my opinion? This also explains current rise!

Share your thoughts please!

http://cointelegraph.com/news/115435/china-unofficially-authorizes-bitcoin-price-turns-bullish
eyeknock
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October 25, 2015, 07:22:23 PM
 #2

I am surprised we haven't discussed this! Have I missed this discussion maybe or we have all just missed this huge news in my opinion? This also explains current rise!

Share your thoughts please!

http://cointelegraph.com/news/115435/china-unofficially-authorizes-bitcoin-price-turns-bullish

what the hell, this is true or is just a rumor?, because if this is true we can expect upcoming changes on the bitcoin economy, or maybe this is truth and that's the main reason about why the bitcoin price increased in the last days?

btw agree with you,  strange that nobody comment this news untill now.
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October 25, 2015, 07:34:52 PM
 #3

mmh, this can lead me to think that this time, this pump can actually break for good the 300 mental wall

if chinese start experimenting with their furious bubble again, we might see a nice run-up, like the last one with billy bot, but starting from 230 this time and not 90
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October 25, 2015, 07:38:15 PM
 #4

I am surprised we haven't discussed this! Have I missed this discussion maybe or we have all just missed this huge news in my opinion? This also explains current rise!

Share your thoughts please!

http://cointelegraph.com/news/115435/china-unofficially-authorizes-bitcoin-price-turns-bullish

Someone explain this like I'm five or 2  Cheesy

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October 25, 2015, 07:41:58 PM
 #5

I am surprised we haven't discussed this! Have I missed this discussion maybe or we have all just missed this huge news in my opinion? This also explains current rise!

Share your thoughts please!

http://cointelegraph.com/news/115435/china-unofficially-authorizes-bitcoin-price-turns-bullish

what the hell, this is true or is just a rumor?, because if this is true we can expect upcoming changes on the bitcoin economy, or maybe this is truth and that's the main reason about why the bitcoin price increased in the last days?

btw agree with you,  strange that nobody comment this news untill now.

It's been discussed in the Wall Observer thread together with the other good news. I can't find any threads about it in the press section, and although I assumed there had been threads about it in this section I can't find any. There is a thread about Huobi discussing the Chinese governments attitude to Bitcoin relaxing, but nothing about this story in particular.




Besides the decent market movement today and the past week, I think that these developments over the past few days (variations of such news already posted in this thread) are providing various green lights for Bitcoin.


1) http://cointelegraph.com/news/115435/china-unofficially-authorizes-bitcoin-price-turns-bullish

2)  EU Rules Bitcoin is a Currency not a Commodity—Virtually

http://blogs.wsj.com/digits/2015/10/22/eu-rules-bitcoin-is-a-currency-not-a-commodity-virtually/


3)  Australian banks’ closure of Bitcoin companies’ accounts under investigation

https://coinreport.net/australian-banks-closure-of-bitcoin-companies-accounts-under-investigation/

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October 25, 2015, 07:45:10 PM
 #6

I am surprised we haven't discussed this! Have I missed this discussion maybe or we have all just missed this huge news in my opinion? This also explains current rise!

Share your thoughts please!

http://cointelegraph.com/news/115435/china-unofficially-authorizes-bitcoin-price-turns-bullish

what the hell, this is true or is just a rumor?, because if this is true we can expect upcoming changes on the bitcoin economy, or maybe this is truth and that's the main reason about why the bitcoin price increased in the last days?

btw agree with you,  strange that nobody comment this news untill now.

It's been discussed in the Wall Observer thread together with the other good news. I can't find any threads about it in the press section, and although I assumed there had been threads about it in this section I can't find any. There is a thread about Huobi discussing the Chinese governments attitude to Bitcoin relaxing, but nothing about this story in particular.




Besides the decent market movement today and the past week, I think that these developments over the past few days (variations of such news already posted in this thread) are providing various green lights for Bitcoin.


1) http://cointelegraph.com/news/115435/china-unofficially-authorizes-bitcoin-price-turns-bullish

2)  EU Rules Bitcoin is a Currency not a Commodity—Virtually

http://blogs.wsj.com/digits/2015/10/22/eu-rules-bitcoin-is-a-currency-not-a-commodity-virtually/


3)  Australian banks’ closure of Bitcoin companies’ accounts under investigation

https://coinreport.net/australian-banks-closure-of-bitcoin-companies-accounts-under-investigation/


Best article I found about it:
http://www.zerohedge.com/news/2015-10-25/bitcoin-bullion-soar-chinas-creeping-capital-controls-loom

It is here folks. DopeCoinGOLD . The #1 Crypto-Weed Coin.
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October 25, 2015, 07:46:32 PM
 #7

I don't know when the update was added but it sounds really great.

Quote
UPDATE: CoinTelegraph has been informed that the annoucement, on which the following article is based, was originally published in People's Daily, the official newspaper of the Chinese Communist Party with the CAC reposting it on their website. So while the article doesn't represent the opinion of the CAC, the People's Daily is a major publication in China, whose main readers are Chinese officials.

If this is true we should expect a major increase in Bitcoin's price soon.
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October 25, 2015, 07:47:16 PM
 #8

 I think it is very much possible to legelise bitcoin in China,finally it will happen,time ago China said that thay will follow USA regulation.Positive news for btc from Europe has arrived during China first visit  in England,,Chininseare pragmatic,thay will not fight against something what exist allready and becoming new worldwide  internet technology
Thay will preffer to legalise it and put hs own rules

 
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Velkro
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October 25, 2015, 08:02:30 PM
 #9

I am surprised we haven't discussed this! Have I missed this discussion maybe or we have all just missed this huge news in my opinion? This also explains current rise!

Share your thoughts please!

http://cointelegraph.com/news/115435/china-unofficially-authorizes-bitcoin-price-turns-bullish
Its big news Smiley, price shows it. From 240 to 300 Smiley, just like that.
Keep good news coming, hail bitcoin.
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October 25, 2015, 08:09:10 PM
 #10

Even if china does not legalize bitcoin, I imagine that the market will still be very much relevant there.
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October 25, 2015, 08:11:21 PM
 #11

I've always thought that bitcoin's future will be decided by the Far East. European & US banks/governments are too strict. I feel like with most new technology that bitcoin could begin lift off in China or Japan.

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October 25, 2015, 08:14:08 PM
 #12

This is another good article about the changing attitude of the Chinese government to Bitcoin policy. It was buried in the press section and nobody has replied to it yet so its almost sunk to the bottom of the first page. I think there's a new way for Huobi customers to get money into the exchange, and it's probably allowed due to the changing government attitude.

‘Chinese Policy Makers are Starting to Study and Rediscover the Bitcoin Industry’ – Huobi

Following the exciting news out of China that points to a possible change in attitude by the government towards Bitcoin, CoinTelegraph caught up with one of China’s biggest bitcoin exchanges, Huobi, to get a better understanding of Bitcoin’s prospects in the country.

http://cointelegraph.com/news/115462/chinese-policy-makers-are-starting-to-study-and-rediscover-the-bitcoin-industry-huobi
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October 25, 2015, 08:15:04 PM
 #13

Just another CT shitnews. Yeah we don't know chineese so you can post a link and dump shit to manipulate market...
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October 25, 2015, 08:20:48 PM
 #14

Another positive development for Bitcoin. Too much good news...!






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October 25, 2015, 08:25:29 PM
 #15

I've always thought that bitcoin's future will be decided by the Far East. European & US banks/governments are too strict. I feel like with most new technology that bitcoin could begin lift off in China or Japan.
Don't they hold the most bitcoins? The population is more into bitcoin than any other and their bitcoin farms are as big as army bases. So you tell me, is this a surprise?
Mickeyb (OP)
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October 25, 2015, 08:26:06 PM
 #16

This is another good article about the changing attitude of the Chinese government to Bitcoin policy. It was buried in the press section and nobody has replied to it yet so its almost sunk to the bottom of the first page. I think there's a new way for Huobi customers to get money into the exchange, and it's probably allowed due to the changing government attitude.

‘Chinese Policy Makers are Starting to Study and Rediscover the Bitcoin Industry’ – Huobi

Following the exciting news out of China that points to a possible change in attitude by the government towards Bitcoin, CoinTelegraph caught up with one of China’s biggest bitcoin exchanges, Huobi, to get a better understanding of Bitcoin’s prospects in the country.

http://cointelegraph.com/news/115462/chinese-policy-makers-are-starting-to-study-and-rediscover-the-bitcoin-industry-huobi

Honestly, I looked through the press section for a while and through Bitcoin discussion just until the 18th of October and it was very strange that I couldn't find anything.

Nevertheless this is not important, important is the news! And the amazing news it is! I guess that Chinese government might just have realized that if they would ban Bitcoin they might just get left off in a technological advancement. And not just Chinese, also the EU with their ruling few days ago!
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October 25, 2015, 08:29:43 PM
 #17

After Unofficially banning Bitcoin, we have an Unofficial unban! Cheesy Meanwhile, while all this happened, more and more hashpower was brought to Chineses mining farms, new farms were built with even more efficiency and exchanges kept operating with huge reported daily trade volumes...
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October 25, 2015, 09:03:12 PM
 #18

Maybe the recent price rise is related to this news.
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October 25, 2015, 09:23:25 PM
 #19

These are very good news, if bitcoin can be used legally in china there are a lot of potential new users. Its coin has been devaluated and bitcoin is growing its value, they could be interested about saving some bitcoins.
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October 25, 2015, 09:27:27 PM
 #20

Time to buy on margin?!
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