BitThink
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Activity: 882
Merit: 1000
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December 16, 2013, 11:29:21 AM |
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you should also remember mtgox, what will happen when you cant withdraw money from exchange eh? Sounds familiar?
According to that 'fud' news chinese investors will have till spring festival to withdraw their funds from the exchanges, from what i can decrypt on google translate. So it won't be similar panic buy if ever this news is confirmed.. If this news is true, most likely the price will drop back to where it started this August and we could buy some more coins at other exchanges. Anyway, I've withdrawn all cash and BTC from BTCChina and just watch sideway. |
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tutkarz
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December 16, 2013, 11:30:01 AM |
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you should also remember mtgox, what will happen when you cant withdraw money from exchange eh? Sounds familiar?
what happened? I wasn't around for that drama... people will be buying bitcoins as it would be the only way to exit exchange. |
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windjc
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Activity: 2156
Merit: 1070
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December 16, 2013, 11:30:07 AM |
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you should also remember mtgox, what will happen when you cant withdraw money from exchange eh? Sounds familiar?
According to that 'fud' news chinese investors will have till spring festival to withdraw their funds from the exchanges, from what i can decrypt on google translate. So it won't be similar panic buy if ever this news is confirmed.. So what would this mean? No more chinese investors? Is that worse case scenario? Because I don't think that's such a horrible thing. Always seemed short lived to me. |
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kurious
Legendary
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Activity: 2590
Merit: 1643
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December 16, 2013, 11:30:19 AM |
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you should also remember mtgox, what will happen when you cant withdraw money from exchange eh? Sounds familiar?
According to that 'fud' news chinese investors will have till spring festival to withdraw their funds from the exchanges, from what i can decrypt on google translate. So it won't be similar panic buy if ever this news is confirmed.. If only they had come way of digitally transferring money out - like a sort of 'internet coin' - someone should invent one  |
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kurious
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Activity: 2590
Merit: 1643
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December 16, 2013, 11:34:12 AM |
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Even if China says 'take money out of exchanges by Spring'.
The result may be the opposite - if they don't want to declare the cash, they will need to buy coins to put get funds OUT from China.
Why are the Chinese in BTC anyway? Isn't it to get out of Chinese currency (to a certain extent).
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Voodah
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December 16, 2013, 11:37:50 AM |
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you should also remember mtgox, what will happen when you cant withdraw money from exchange eh? Sounds familiar?
According to that 'fud' news chinese investors will have till spring festival to withdraw their funds from the exchanges, from what i can decrypt on google translate. So it won't be similar panic buy if ever this news is confirmed.. So what would this mean? No more chinese investors? Is that worse case scenario? Because I don't think that's such a horrible thing. Always seemed short lived to me. I'm not really sure it will be much of a big deal except for this initial scare and sentiment. If true, it probably means no more institutional investors from within China. But meh.. big institutions do work with foreign banks. They can find a way if they want. And the same goes for regular people. There is a black market for USD. There will be a black market for BTC. So.. basically.. just sentiment. Those who wanna get BTC will find ways. Selling is not a problem either. Big guys sell in foreign markets. For small guys, there will be local demand (in LocalBitcoin style). This is basically how Argentina works. |
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tarmi
Legendary
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Activity: 1232
Merit: 1011
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December 16, 2013, 11:38:23 AM |
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rpietila's troll agency working over time.
get ready for some cheap whale coins.
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accord01
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December 16, 2013, 11:38:55 AM |
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How did the gox banking/withdrawal problem effect prices? Wasn't around so i am kind of clueless  |
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Voodah
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December 16, 2013, 11:39:30 AM |
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rpietila's troll agency working over time.
get ready for some cheap whale coins.
Are you gay or something? You mention rpietila every two posts. |
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gizmoh
Legendary
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Activity: 1428
Merit: 1000
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December 16, 2013, 11:40:00 AM |
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Even if China says 'take money out of exchanges by Spring'.
The result may be the opposite - if they don't want to declare the cash, they will need to buy coins to put get funds OUT from China.
Why are the Chinese in BTC anyway? Isn't it to get out of Chinese currency (to a certain extent).
I'm amazed how bulls see good news in every bad news..Most chinese investors are gamblers looking for FIAT profit , many will exit the game. Coins will be cheaper as no new money will come from china and arb will put prices in line on all exchanges. Thats the beauty of the 'internet coin' |
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BitThink
Legendary
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Activity: 882
Merit: 1000
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December 16, 2013, 11:41:39 AM |
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you should also remember mtgox, what will happen when you cant withdraw money from exchange eh? Sounds familiar?
According to that 'fud' news chinese investors will have till spring festival to withdraw their funds from the exchanges, from what i can decrypt on google translate. So it won't be similar panic buy if ever this news is confirmed.. So what would this mean? No more chinese investors? Is that worse case scenario? Because I don't think that's such a horrible thing. Always seemed short lived to me. If this news is true, my understanding is that all current services are stopped and only licensed exchanges will get new services. License will only be given to a few exchanges under regulations. |
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RAJSALLIN
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December 16, 2013, 11:42:26 AM |
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What are you guys smoking? If this is true it's absolutely awful. Where were we before China came in? $150?
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kurious
Legendary
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Activity: 2590
Merit: 1643
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December 16, 2013, 11:43:15 AM |
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How did the gox banking/withdrawal problem effect prices? Wasn't around so i am kind of clueless It was mixed - the actual effect was actually that you needed to spend the cash caught in there to get coins out. Bizarrely, not getting your cash out means you are forced to buy, or be left with cash you cannot quickly get out. |
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wachtwoord
Legendary
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Activity: 2338
Merit: 1136
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December 16, 2013, 11:43:45 AM |
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What are you guys smoking? If this is true it's absolutely awful. Where were we before China came in? $150?
Bitcoin is a very weird thing. The more they fight it, the more it'll be worth. So I say bring it bitches!  |
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kurious
Legendary
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Activity: 2590
Merit: 1643
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December 16, 2013, 11:44:08 AM |
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What are you guys smoking? If this is true it's absolutely awful. Where were we before China came in? $150?
But China is not 'leaving'... |
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gizmoh
Legendary
Offline
Activity: 1428
Merit: 1000
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December 16, 2013, 11:46:45 AM |
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If this news was a trick/fud, price should have rebounded already. Now im starting to worry as i bought a bit of the dips  |
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gandhibt
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December 16, 2013, 11:48:39 AM |
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camoon makes me sick to read this stupidity, news are fud until PROVEN otherwise, you should not even talk about it until then
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fr33d0miz3r
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December 16, 2013, 11:49:12 AM |
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rpietila's troll agency working over time.
get ready for some cheap whale coins.
Are you gay or something? You mention rpietila every two posts. maybe tarmi is a girl? (s)he likes rpietilla because of his money? |
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MicroFi
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December 16, 2013, 11:49:24 AM |
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Does anyone even have the source for this news?
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seriouscoin
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December 16, 2013, 11:49:57 AM |
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If this news was a trick/fud, price should have rebounded already. Now im starting to worry as i bought a bit of the dips We know the meeting is real, but the outcome is not clear. Inside trading is very common in Chinese stock markets. I think its a bad news. |
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