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seriouscoin
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December 17, 2013, 03:49:54 AM |
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Because they all want to increase their bitcoin stash. They all know btc will stay for long term.
What China did was just a barrier to get around. Its ironic that mining is booming in China and local vendors make mining chips.... There is noway to stop capital leaking by btc. Might as well open and suck foreigner investors in.
That's the thing, China didn't do anything other than plug some holes in its currency walls, using gold as money is a lot more banned than bitcoin but it's still in common use and most of the sales sites with a bitcoin option still have it on. Daft buying at higher prices when there's bears around, let them come to you if they're so eager to sell. I agree that Chinese has been using GOLD as a medium of exchanges for years.... The more they fight the more attractive BTC will be. This is the mentality of ppl who live in state controlled countries. |
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adamstgBit
Legendary
 Offline
Activity: 1904
Merit: 1037
Trusted Bitcoiner
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December 17, 2013, 03:51:09 AM |
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ppl that are panicking , are forgetting one thing.... Fundamentals of the btc. They think China is the end game. :/
no one actually believes that tho... they do however, believe everyone else believes that! its really messed up! |
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jojo69
Legendary
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Activity: 3164
Merit: 4345
diamond-handed zealot
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December 17, 2013, 03:51:52 AM |
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nice to have a decent ta in here for chance
Goat has a gift for TA. It's his thing. who wants to sign up for my weekly news letter?  "goat gab" sign me up |
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seriouscoin
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December 17, 2013, 03:54:59 AM |
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Anyone else find it ironic that we have the GreatWall of China on Gox?
Yeah.... that wall says " FCK YOU CHINA"
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jojo69
Legendary
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Activity: 3164
Merit: 4345
diamond-handed zealot
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December 17, 2013, 03:59:16 AM |
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zoiks
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TERA
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December 17, 2013, 04:05:05 AM |
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I am not comfortable with any recovery that follows action on btcchina.
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seriouscoin
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December 17, 2013, 04:05:18 AM |
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So its noon over in China..... still no official announcement.... ?
Why?
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jojo69
Legendary
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Activity: 3164
Merit: 4345
diamond-handed zealot
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December 17, 2013, 04:07:21 AM |
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So its noon over in China..... still no official announcement.... ?
Why?
govt. insiders still loading up |
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seriouscoin
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December 17, 2013, 04:12:19 AM |
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So its noon over in China..... still no official announcement.... ?
Why?
govt. insiders still loading up Loading up? you mean buying cheap coins ? Then announce... its all FUD and their only official stand was already announced weeks ago? Actually sound very probable. |
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adamstgBit
Legendary
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Activity: 1904
Merit: 1037
Trusted Bitcoiner
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December 17, 2013, 04:13:52 AM |
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without deposits coming in and withdraws still going out, BTCChina will become the opposite of gox and always be 2-5% lower?
or btcchina crashes to zero?
this gana be weird.....
they should just halt trading and give everyone their monies back, but they wont do that, so this is gana be weird....
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TiagoTiago
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December 17, 2013, 04:16:37 AM |
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Has there been any actual official confirmation of this last round of news from China? I just read a thread that said it is all rumors based on an unauthenticated online post that isn't online anymore...
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Kleptoid
Newbie
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Activity: 35
Merit: 0
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December 17, 2013, 04:17:00 AM |
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I am not comfortable with any recovery that follows action on btcchina.
+1 |
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Peter R
Legendary
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Activity: 1162
Merit: 1007
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December 17, 2013, 04:17:04 AM |
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without deposits coming in and withdraws still going out, BTCChina will become the opposite of gox and always be 2-5% lower?
or btcchina crashes to zero?
We still have no proof that BTCChina is shutting down, correct? Here are the possibilities as I see them: 1. All yuan transfers to BTCChina are banned. 2. Only 3rd-party payment processor transfers are banned. That is, you are still permitted to deposit and withdraw to/from BTCChina using your bank account. (This change was made so that China could keep a better track of capital flows for AML purposes.) 3. This is all FUD and nothing has changed. |
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seriouscoin
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December 17, 2013, 04:18:08 AM |
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without deposits coming in and withdraws still going out, BTCChina will become the opposite of gox and always be 2-5% lower?
or btcchina crashes to zero?
this gana be weird.....
they should just halt trading and give everyone their monies back, but they wont do that, so this is gana be weird....
WTF? where did you get this FUD? BTCchina users have already said bank withdraws still work... Only the specified payment networks are no longer available... This is why you should just lock this damn thread. All FUD and BS. |
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TheCoinBull
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December 17, 2013, 04:18:58 AM |
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Pressure building for a rally. Buy cheap coins while you still can. Litecoins for 20 buck is a steal bought 120@ 20.09
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seriouscoin
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December 17, 2013, 04:20:15 AM |
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without deposits coming in and withdraws still going out, BTCChina will become the opposite of gox and always be 2-5% lower?
or btcchina crashes to zero?
We still have no proof that BTCChina is shutting down, correct? Here are the possibilities as I see them: 1. All yuan transfers to BTCChina are banned. 2. Only 3rd-party payment processor transfers are banned. That is, you are still permitted to deposit and withdraw to/from BTCChina using your bank account. (This change was made so that China could keep a better track of capital flows for AML purposes.) 3. This is all FUD and nothing has changed. I vote for number 2. Going thro banks is the best way to control capitals (or thats how the CCCP think).... until they realise the mining economy behind bitcoin. They're gonna ban mining too? like how they "banned" facebook and google? LOL |
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adamstgBit
Legendary
Offline
Activity: 1904
Merit: 1037
Trusted Bitcoiner
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December 17, 2013, 04:21:12 AM |
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without deposits coming in and withdraws still going out, BTCChina will become the opposite of gox and always be 2-5% lower?
or btcchina crashes to zero?
this gana be weird.....
they should just halt trading and give everyone their monies back, but they wont do that, so this is gana be weird....
WTF? where did you get this FUD? BTCchina users have already said bank withdraws still work... Only the specified payment networks are no longer available... This is why you should just lock this damn thread. All FUD and BS. the news was saying withdraws will still work but deposits will stop no? |
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seriouscoin
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December 17, 2013, 04:21:27 AM |
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Has there been any actual official confirmation of this last round of news from China? I just read a thread that said it is all rumors based on an unauthenticated online post that isn't online anymore...
No official announcement.... it all started from a Weibo post (Twitter-copycat) |
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seriouscoin
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December 17, 2013, 04:23:48 AM |
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without deposits coming in and withdraws still going out, BTCChina will become the opposite of gox and always be 2-5% lower?
or btcchina crashes to zero?
this gana be weird.....
they should just halt trading and give everyone their monies back, but they wont do that, so this is gana be weird....
WTF? where did you get this FUD? BTCchina users have already said bank withdraws still work... Only the specified payment networks are no longer available... This is why you should just lock this damn thread. All FUD and BS. the news was saying withdraws will still work but deposits will stop no? No from what i read the "news" (not even a news but rumours), after Chinese New Years all institutions will halt business with btc exchange awaiting for rules and regulations. 3rd Party payment network decide to stop on their own. |
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