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

[magicmexican]

Are you on board?

[Davyd05]

Are you on board?

forever

[darklight]

OKCoin pause prepaid card, bank transfer prepaid cards are not affected
Dear OKCoin users:
As the third-party payment card dealer just received notification mechanism to suspend payment channel, OKCoin will be at 0:00 on April 3 before stopping prepaid card, bank transfer recharge card unaffected yuan withdrawals are not affected, to give us apologize for the inconvenience.

From google webpage translation for OKCOIN saw a reddit post didnt trust the link so I went searching on my own...more and more it looks like just these third party guys are going to be squeezed out of the chain.

Or just that their bank hasn't sent them notification yet that their main account is going to be blocked. It seems like PBoC isn't dealing with the exchanges directly, so they are just getting calls out of the blue from their providers telling them that as of tomorrow something isn't going to be working. Explains why all the exchanges are denying getting the notices - they are as much in the dark as we are

[chessnut]

Are you on board?

turning bullish?

[Davyd05]

OKCoin pause prepaid card, bank transfer prepaid cards are not affected
Dear OKCoin users:
As the third-party payment card dealer just received notification mechanism to suspend payment channel, OKCoin will be at 0:00 on April 3 before stopping prepaid card, bank transfer recharge card unaffected yuan withdrawals are not affected, to give us apologize for the inconvenience.

From google webpage translation for OKCOIN saw a reddit post didnt trust the link so I went searching on my own...more and more it looks like just these third party guys are going to be squeezed out of the chain.

Or just that their bank hasn't sent them notification yet that their main account is going to be blocked. It seems like PBoC isn't dealing with the exchanges directly, so they are just getting calls out of the blue from their providers telling them that as of tomorrow something isn't going to be working. Explains why all the exchanges are denying getting the notices - they are as much in the dark as we are

its well known that the PBOC sent these to the third party payment systems and not the exchanges...I would imagine ..that as always Chinese self censor themselves.. they don't wait for deadlines to fall in line...so the big banks holding off on letting these guys know is far fetched.

[ChartBuddy]

Explanation

[darklight]

OKCoin pause prepaid card, bank transfer prepaid cards are not affected
Dear OKCoin users:
As the third-party payment card dealer just received notification mechanism to suspend payment channel, OKCoin will be at 0:00 on April 3 before stopping prepaid card, bank transfer recharge card unaffected yuan withdrawals are not affected, to give us apologize for the inconvenience.

From google webpage translation for OKCOIN saw a reddit post didnt trust the link so I went searching on my own...more and more it looks like just these third party guys are going to be squeezed out of the chain.

Or just that their bank hasn't sent them notification yet that their main account is going to be blocked. It seems like PBoC isn't dealing with the exchanges directly, so they are just getting calls out of the blue from their providers telling them that as of tomorrow something isn't going to be working. Explains why all the exchanges are denying getting the notices - they are as much in the dark as we are

its well known that the PBOC sent these to the third party payment systems and not the exchanges...I would imagine ..that as always Chinese self censor themselves.. they don't wait for deadlines to fall in line...so the big banks holding off on letting these guys know is far fetched.

Well the banks and third parties have got until April 15th to implement. I don't think its particularly far fetched at this point to expect that there will be some more announcements before then relating to deposits to exchange's main banking accounts.

Its good in a way, at least we know the deadline for when all this nonsense will be over

[600watt]

wall street journal commiserates and sends us:


http://blogs.wsj.com/digits/2014/04/02/bitcoin-price-to-1-million/

 , ty

[Davyd05]

OKCoin pause prepaid card, bank transfer prepaid cards are not affected
Dear OKCoin users:
As the third-party payment card dealer just received notification mechanism to suspend payment channel, OKCoin will be at 0:00 on April 3 before stopping prepaid card, bank transfer recharge card unaffected yuan withdrawals are not affected, to give us apologize for the inconvenience.

From google webpage translation for OKCOIN saw a reddit post didnt trust the link so I went searching on my own...more and more it looks like just these third party guys are going to be squeezed out of the chain.

Or just that their bank hasn't sent them notification yet that their main account is going to be blocked. It seems like PBoC isn't dealing with the exchanges directly, so they are just getting calls out of the blue from their providers telling them that as of tomorrow something isn't going to be working. Explains why all the exchanges are denying getting the notices - they are as much in the dark as we are

its well known that the PBOC sent these to the third party payment systems and not the exchanges...I would imagine ..that as always Chinese self censor themselves.. they don't wait for deadlines to fall in line...so the big banks holding off on letting these guys know is far fetched.

Well the banks and third parties have got until April 15th to implement. I don't think its particularly far fetched at this point to expect that there will be some more announcements before then relating to deposits to exchange's main banking accounts.

Its good in a way, at least we know the deadline for when all this nonsense will be over

They'll be in line prior to April 15th no doubt in my mind.. the question is..whether or not they're will be anything new.. this all to me is what was not to be allowed following the policy changes made in Dec 2013

People spent all of Jan saying there was an imaginary deadline to a ban hammer...they just fabricate a new reason to keep the ban hammer looming.. what is looming is the PBoC tweaking capital controls ..they know if they actually go with a full out ban then the real rush to get money into btc and out of the country is on.

[UnDerDoG81]

Wow hard times :/ Not easy to believe in BTC at the moment but there is no other way. HODL!!!

[magicmexican]

http://www.reddit.com/r/Bitcoin/comments/223b4b/breaking_huobi_to_stop_3rd_party_payment_processor/

Based on the above information, taking into account current industry policy uncertainty, after consultation with the card vendors, fire currency network is scheduled at 0:00 on April 5, 2014 officially closed TOPUP. Meanwhile, the fire service recharge currency bank transfer network upgrade to 7 * 24 hours manual processing, ensuring that users quick recharge. In addition, fire RMB currency net withdrawals of business affected, bitcoins, Wright currency recharge withdrawals unaffected.




dat Google Translate tho


Buy on news?

[KeyserSoze]

don't get left behind, bears! woot! woot!

[sonofliberty]

Dat buy.

[GreekGeek]

https://www.youtube.com/watch?v=qQcp1E5pWYA

[magicmexican]

all you need is a train pic apparently

[chessnut]

So easily the table turns

The last two times the price bounced off that floor, it bounced no less than $300

[Ivanhoe]

Dat buy.

It was less then 1k , but the ask side is very thin. So it did look impressive, fun to see though.

[600watt]

So easily the table turns

uhh no, i just hit the wrong button... let me fix it now...

[Davyd05]

So easily the table turns

I mean we're not out of the weeds by any means the dumpers can re instill fear of further ramifications ..but my guess continues to seem accurate that pboc is forcing compliance as well they're keeping the channels they can monitor capital flight and btc as the only channel to facilitate crypto purchases.


I am rather cheesed I didn't give the old hedge in to the low of ltc and profit as it follows btc up

[soullyG]

http://www.economist.com/blogs/freeexchange/2014/04/money