samsam
Newbie
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Activity: 42
Merit: 0
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December 19, 2013, 01:50:35 AM |
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There is almost no volume on the exchanges. Everybody is just waiting on the sidelines and watching BTC China.
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adamstgBit
Legendary
Offline
Activity: 1904
Merit: 1037
Trusted Bitcoiner
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December 19, 2013, 01:51:19 AM |
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damn it was fun while it lasted but i guess its over now.  |
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jl2012
Legendary
Offline
Activity: 1792
Merit: 1111
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December 19, 2013, 01:51:57 AM |
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It is wire.wire within China is cheap and instant This is starting to get posted everywhere:
The front page of huobi.com says "银行汇款充值24小时到账，支持招商、建设银行。"
Apparently it translates to: "You can use the remittance to deposit fiat into our platform. The fund will be available in 24 hours. We support China Merchants Bank and China Construction Bank".
I know huobi is a Chinese exchange. I know they're saying they are now accepting fiat via "remittance". What is remittance though? And they say they support two different banks. Is remittance like a cashier's check form one of these banks? Is it a bank wire?
It looks like this exchange has found a way around the new regulations.
So do you believe this could be an answer for the Chinese problem? Why were the exchanges and depositors having to use 3rd party payment processors, if they could just use the banks directly like this anyway? Bank wire needs manual operation and 3rd party processors provide API, so they use the latter Is bank wire the answer? Yes, if their accounts are not frozen later. Look at gox. |
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BC-Trader
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December 19, 2013, 01:52:40 AM |
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btc is sliding again.. reverting back to $100-150 - the pre china madness days  |
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gandhibt
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December 19, 2013, 01:53:07 AM |
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damn it was fun while it lasted but i guess its over now. some might take your trolling seriously, have some responsibility  |
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lemonte
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December 19, 2013, 01:53:17 AM |
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damn it was fun while it lasted but i guess its over now. Huh?? Please can you explain. That's a worrying last post to read for the night! |
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accord01
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December 19, 2013, 01:53:24 AM |
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You can't by pass the Chinese gov't with remittance, crappy processors. Plus the mania has died anyway. If new mania starts, govt' will just shut down anything in their path with ease.
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BitThink
Legendary
Offline
Activity: 882
Merit: 1000
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December 19, 2013, 01:54:19 AM |
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Sold at 900, bought at 450. Doubled my coins again.
How big is your stash? It's quite different to double 100+ or 1000+ coins than 10. Last time he doubled from 2 to 4, now he has 8 BTC. |
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BitThink
Legendary
Offline
Activity: 882
Merit: 1000
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December 19, 2013, 01:55:04 AM |
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For those have not known yet:
"Dear BTC China valued customer: Due to new government regulations, BTC China will temporarily suspend CNY deposits. BTC deposits/withdrawals and CNY withdrawals are not affected, and will continue to operate in the interim. Rest assure that BTC China will continue to operate normally. Please pay attention to our notices for updates, as we find other ways to allow for CNY deposits. We deeply apologize for any inconvenience. BTC China, December 18, 2013"
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Odalv
Legendary
Offline
Activity: 1414
Merit: 1000
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December 19, 2013, 01:56:10 AM |
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It is wire.wire within China is cheap and instant This is starting to get posted everywhere:
The front page of huobi.com says "银行汇款充值24小时到账，支持招商、建设银行。"
Apparently it translates to: "You can use the remittance to deposit fiat into our platform. The fund will be available in 24 hours. We support China Merchants Bank and China Construction Bank".
I know huobi is a Chinese exchange. I know they're saying they are now accepting fiat via "remittance". What is remittance though? And they say they support two different banks. Is remittance like a cashier's check form one of these banks? Is it a bank wire?
It looks like this exchange has found a way around the new regulations.
So do you believe this could be an answer for the Chinese problem? Why were the exchanges and depositors having to use 3rd party payment processors, if they could just use the banks directly like this anyway? anonymity I believe. Direct bank transfers are of course documented, whereas it sounds like the 3rd party payment system less scrutinized? hmm, maybe china is cool with btc, but just wants to know who is dealing with them in volume. this seems to me like something china would do. i bet there is a massive over reaction then on this selling. It is only weak hands shaking. :-) |
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oda.krell
Legendary
Offline
Activity: 1470
Merit: 1007
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December 19, 2013, 01:56:30 AM |
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Aaand here we go again.
New low this time?
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Mad Scientist
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December 19, 2013, 01:56:50 AM |
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Ok so I'm watching that Sex Pistols documentary "The Filth and the Fury" and scrolling through this thread. The song "Problem" comes on and then I see this and I can't stop laughing! Perfect timing! "The Problem is YOU!" |
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adamstgBit
Legendary
Offline
Activity: 1904
Merit: 1037
Trusted Bitcoiner
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December 19, 2013, 01:57:22 AM |
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Aaand here we go again.
New low this time?
but but but my order just filled |
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revans
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December 19, 2013, 01:59:55 AM |
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ChartBuddy
Legendary
 Online
Activity: 2366
Merit: 1820
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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December 19, 2013, 02:01:37 AM |
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Sitarow
Legendary
Offline
Activity: 1792
Merit: 1047
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December 19, 2013, 02:02:31 AM |
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dgarcia
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December 19, 2013, 02:07:06 AM |
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Aaand here we go again.
New low this time?
I don't think so. It's only the consequence for an exaggerated raise to 640. It should be a good thing stabilizing the price between 475 - 525 for this month and not trying to rollback the crash from 1240 in 3 Days. |
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Dabs
Legendary
Offline
Activity: 3416
Merit: 1912
The Concierge of Crypto
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December 19, 2013, 02:07:56 AM |
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Sold at 900, bought at 450. Doubled my coins again.
How big is your stash? It's quite different to double 100+ or 1000+ coins than 10. Last time he doubled from 2 to 4, now he has 8 BTC. A bit less actually. I spent (sold) some for shopping stuff. Now I'm doing alt trades, looks like fun since all the alts crashed too. |
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gandhibt
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December 19, 2013, 02:09:23 AM |
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Sold at 900, bought at 450. Doubled my coins again.
How big is your stash? It's quite different to double 100+ or 1000+ coins than 10. Last time he doubled from 2 to 4, now he has 8 BTC. A bit less actually. I spent (sold) some for shopping stuff. Now I'm doing alt trades, looks like fun since all the alts crashed too. Okay, ty for the info. Good luck trading |
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