Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

[seriouscoin]

Does anyone have a link for the latest news from China? I'm a little groggy from an all night booze up.

Supposidly Chinese government has banned payment processors from working with Bitcoin exchanges. Leading to the "ok situation" where you can buy and sell bitcoins and withdraw your cash, but you can't put more cash back into the system. (?)

http://www.coindesk.com/china-bans-payment-companies-working-bitcoin-exchanges-sources-claim/

Unfortunately, it seems to be shaping up to be true. :-(

I doubt its true

Banks still work with the exchanges. I guess this is just a step to regulate bitcoin through banks only.... NO 3rd party payment system. So now the CCCP can have all bitcoin transactions identified.

[adamstgBit]

Does anyone have a link for the latest news from China? I'm a little groggy from an all night booze up.

Supposidly Chinese government has banned payment processors from working with Bitcoin exchanges. Leading to the "ok situation" where you can buy and sell bitcoins and withdraw your cash, but you can't put more cash back into the system. (?)

http://www.coindesk.com/china-bans-payment-companies-working-bitcoin-exchanges-sources-claim/

Unfortunately, it seems to be shaping up to be true. :-(

fuck.

[I_bitcoin]

oops. This does sounds grave.

http://www.coindesk.com/china-bans-payment-companies-working-bitcoin-exchanges-sources-claim/

Coin desk "our source revealed they got their information from various channels, including those people who were at the meeting."

Payment processors banned from working with the Exchanges.

This was old news though right?   This came in that initial announcement from China Central Bank.   No payments or finance/banking companies allowed.

[QuestionAuthority]

Does anyone have a link for the latest news from China? I'm a little groggy from an all night booze up.

Supposidly Chinese government has banned payment processors from working with Bitcoin exchanges. Leading to the "ok situation" where you can buy and sell bitcoins and withdraw your cash, but you can't put more cash back into the system. (?)

http://www.coindesk.com/china-bans-payment-companies-working-bitcoin-exchanges-sources-claim/

Unfortunately, it seems to be shaping up to be true. :-(

Thanks

Shit, and because of the advice of you dumbasses I reserved half. Fuck!

[Sitarow]

[Krabby]

No, adam!
Don't do anything rash!

[I_bitcoin]

better than television, I tell ya

i pay good money for cable, i dont use it, i have more fun here

That stuff will rot your brain!

[Vigil]

How does the Chinese government proclaim to everyone through government videos, the great and amazing Bitcoin, only to outlaw its use a few months later?

[Wekkel]

lol, nice one   !

Epic grammar error included 

I am assuming you had that picture waiting for the right moment?

No, did it in record time when the count started. Here's the correct version:

Make one yourself  
http://www.karolinagames.com/horatio/

[seriouscoin]

Kinda sucks that BTC is basically a hostage in a hand of China's gov at the moment. We need to break free and fly away.

Thats what we're doing right now? breaking free from China....

Only ppl who believed the future of BTC in China are panicking.

[mmitech]

I think another dump will follow soon, we might visit 500 till tomorrow

[Spaceman_Spiff]

How does the Chinese government proclaim to everyone through government videos, the great and amazing Bitcoin, only to outlaw its use a few months later?

I think they like bitcoin as a reserve currency versus the USD, but not as an escape against capital controls.  So they want to make sure they have all the info on people holding them.

[UnDerDoG81]

Aren´t this 2 huge sell offs about 240.000 BTC´s not good for us? The less whales, the less BTC price manipulation I think?

[Coma]

phhh noobs
5

omg omg omg

[mb300sd]

How does the Chinese government proclaim to everyone through government videos, the great and amazing Bitcoin, only to outlaw its use a few months later?

Some official buys... pumps it for all its worth, and sells just before the higher ups say no.

[ChartBuddy]

[Vigil]

How does the Chinese government proclaim to everyone through government videos, the great and amazing Bitcoin, only to outlaw its use a few months later?

I think they like bitcoin as a reserve currency versus the USD, but not as an escape against capital controls.  So they want to make sure they have all the info on people holding them.

They have told merchants that they are not allowed to price their goods in Bitcoin... nor can people purchase bitcoin through their bank accounts. What then is the point?

[UnDerDoG81]

I think another dump will follow soon, we might visit 500 till tomorrow

You are trying hard to force people to sell, aren´t you? What happened? Sold too cheap? Hoping to buy cheap coins back?

[jojo69]

Does anyone have a link for the latest news from China? I'm a little groggy from an all night booze up.

Supposidly Chinese government has banned payment processors from working with Bitcoin exchanges. Leading to the "ok situation" where you can buy and sell bitcoins and withdraw your cash, but you can't put more cash back into the system. (?)

http://www.coindesk.com/china-bans-payment-companies-working-bitcoin-exchanges-sources-claim/

Unfortunately, it seems to be shaping up to be true. :-(

Thanks

Shit, and because of the advice of you dumbasses I reserved half. Fuck!

teach you to listen to us

[Vigil]

I think another dump will follow soon, we might visit 500 till tomorrow

You are trying hard to force people to sell, aren´t you? What happened? Sold too cheap? Hoping to buy cheap coins back?

You guys say this crap every time bitcoin has continued to fall since $1250.