Spaceman_Spiff
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Activity: 1638
Merit: 1001
₪``Campaign Manager´´₪
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December 16, 2013, 07:18:17 PM |
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If I were chinese I would buy the BTC, withdraw, and then sell OTC, since there won't be any other ways for getting BTC for chinese people in the future.
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QuestionAuthority
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Activity: 2156
Merit: 1393
You lead and I'll watch you walk away.
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December 16, 2013, 07:18:58 PM |
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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 I should have known better. lol I did it too... so now we sell into this 20% drop??? F that, lets see how this plays out. I may as well at this point. |
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crazy_rabbit
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Activity: 1204
Merit: 1001
RUM AND CARROTS: A PIRATE LIFE FOR ME
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December 16, 2013, 07:19:49 PM |
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If I were chinese I would buy the BTC, withdraw, and then sell OTC, since there won't be any other ways for getting BTC for chinese people in the future.
Who is going to buy your BTC? It's not like they can give you a crappy rate and turn around and sell them on the exchanges, can they? We were silly to be so gung how about China in the first place. |
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adamstgBit
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Activity: 1904
Merit: 1037
Trusted Bitcoiner
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December 16, 2013, 07:21:06 PM |
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Spaceman_Spiff
Legendary
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Activity: 1638
Merit: 1001
₪``Campaign Manager´´₪
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December 16, 2013, 07:22:24 PM |
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If I were chinese I would buy the BTC, withdraw, and then sell OTC, since there won't be any other ways for getting BTC for chinese people in the future.
Who is going to buy your BTC? It's not like they can give you a crappy rate and turn around and sell them on the exchanges, can they? We were silly to be so gung how about China in the first place. Someone who wants to own assets that can escape capital controls. A rich chinese guy that thinks about a future abroad. |
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N12
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Activity: 1610
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December 16, 2013, 07:23:05 PM |
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We were silly to be so gung how about China in the first place.
Yes, we were. I predict a massive rise in anti-Chinese sentiment among younger geeks in Europe and North America as this bear market unfolds. |
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mmitech
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Activity: 1148
Merit: 1001
things you own end up owning you
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December 16, 2013, 07:23:50 PM |
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3900 and counting down
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Mirsad
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Activity: 140
Merit: 100
Bitcoin - love & hate
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December 16, 2013, 07:24:45 PM |
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3900 and counting down
If we breach 3821, bulls are doomed. 3878! Falling.. 3858 |
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spooderman
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Activity: 1638
Merit: 1022
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December 16, 2013, 07:24:48 PM |
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4001....
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hd060053
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December 16, 2013, 07:24:59 PM |
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fist time i made market sell order...
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Krabby
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Activity: 644
Merit: 250
https://primedao.eth.link/#/
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December 16, 2013, 07:25:04 PM |
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This is a great time for my BTC to be trapped in an exchange huh?
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windjc
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Activity: 2156
Merit: 1070
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December 16, 2013, 07:25:24 PM |
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If I were chinese I would buy the BTC, withdraw, and then sell OTC, since there won't be any other ways for getting BTC for chinese people in the future.
Who is going to buy your BTC? It's not like they can give you a crappy rate and turn around and sell them on the exchanges, can they? We were silly to be so gung how about China in the first place. Well this is worse case scenario. And ideally we all would have loved for China to help bitcoin reach new heights. But, I put up a poll just 2 weeks ago, asking what would happen if bitcoin got banned in China. I put up that poll because it just felt wrong to have China so bullish on bitcoin. Its a communist state. China are copiers, not innovators. America is an innovator. That is what we do. So, worst case scenario bitcoin lives without China now. Long term I think this is just fine. |
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Mirsad
Full Member
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Activity: 140
Merit: 100
Bitcoin - love & hate
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December 16, 2013, 07:26:14 PM |
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fist time i made market sell order...
SELL3836 CNY... 3820CNY! YEAH! Epic Bulltrap closed. |
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seljo
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Activity: 1178
Merit: 1014
Hodling since 2011.®
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December 16, 2013, 07:26:24 PM |
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I will buy 50 for 30...
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N12
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Activity: 1610
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December 16, 2013, 07:26:28 PM |
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When it rains, it pours. Expect more bad news.
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MAbtc
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December 16, 2013, 07:27:05 PM |
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Kj1
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December 16, 2013, 07:27:19 PM |
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CHOOCHOOO MOTHERFERS To the moon! Buy Buy Buy! It'll be a weekend rally! Glad i didn't listen to you guys  |
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mmitech
Legendary
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Activity: 1148
Merit: 1001
things you own end up owning you
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December 16, 2013, 07:28:03 PM |
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3800 and still counting down
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crazy_rabbit
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Activity: 1204
Merit: 1001
RUM AND CARROTS: A PIRATE LIFE FOR ME
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December 16, 2013, 07:29:05 PM |
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3800 and still counting down
A dead cat bounce down the stairs. There seems to be discussion that you can still withdraw your funds from exchanges, you just can't fund them. So we might be seeing people just cashing out and calling it a day. |
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