Bitcoin Forum
July 21, 2018, 04:13:14 PM *
News: Latest stable version of Bitcoin Core: 0.16.1  [Torrent]. (New!)
 
   Home   Help Search Donate Login Register  
Pages: [1] 2 »  All
  Print  
Author Topic: Calm those tits guys, the China "issue" is not an issue..  (Read 1368 times)
ProfessionalGoogler
Hero Member
*****
Offline Offline

Activity: 532
Merit: 500


View Profile
February 09, 2017, 01:48:43 PM
 #1

Boo hoo 1 month delay in withdraws for the sake of KEEPING BITCOIN LEGAL IN CHINA and fighting against money laundering!

 Roll Eyes



Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
lottery248
Legendary
*
Offline Offline

Activity: 1078
Merit: 1000


The Power of Love II


View Profile WWW
February 09, 2017, 02:27:43 PM
 #2

even if they are regulating bitcoin, as long as there are anyway to access the internet unless North Korea like, bitcoin to China, nothing at all.

there are a major drop over here right now, though.

out of ability to use the signature, i want a new ban strike policy that will fade the strike after 90~120 days of the ban and not to be traced back, like google | email me for anything urgent, message will not be instantly responded
i am not really active for some reason
afbitcoins
Legendary
*
Offline Offline

Activity: 1680
Merit: 1022



View Profile WWW
February 09, 2017, 02:46:06 PM
 #3

even if they are regulating bitcoin, as long as there are anyway to access the internet unless North Korea like, bitcoin to China, nothing at all.

there are a major drop over here right now, though.

Does China have localbitcoins? Thats the way to go, exchanges are too centralised
jakelyson
Legendary
*
Offline Offline

Activity: 980
Merit: 1001


Make winning bets on sports with Sportsbet.io!


View Profile
February 09, 2017, 04:01:51 PM
 #4

It provided a good opportunity to buy cheap bitcoins though. Thank you china. It seems that while china is dumping, the rest of the world is pumping.

   ▄▄██████▄▄
  ████████████
███▄▄
 ██████████████▀▀▀██▄
████████████████   ▀██▄
████████████████     ▀██
██████████████       ██▌
██████████████        ▐██
██▌▀▀██████▀▀         ▐██
▐██                   ██▌
 ██▄                 ▄██
  ▀██▄             ▄██▀
    ▀██▄▄▄     ▄▄▄██▀
      ▀▀█████████▀▀





███████████████████████████
███████████▀▀         ▀▀███
████████▀   ▄▄██▄  ▀█▄  ▀██
██████▀  ▄████████▄  ▀█  ██
████▀  ▄██████▄▀  ██▄    ██
███▀  ██████▄▀  ▄▀████▄  ██
██▀  █████▄▀  ▄▀██████  ▄██
██  ▀███▄▀  ▄▀███████  ▄███
██    ▀██▄▄▀███████▀  ▄████
██  █▄  ▀████████▀  ▄██████
██▄  ▀█▄  ▀██▀▀   ▄████████
███▄▄         ▄▄███████████
███████████████████████████
███████████████████████████
████████▀▀       ▀▀████████
█████▀   ▄ ▀███▀ ▄   ▀█████
████  ▄████▄ ▀ ▄████▄  ████
███  ▄ ▀███▀ ▄ ▀███▀ ▄  ███
██  ▄██ ▀▀ ▄███▄ ▀▀ ██▄  ██
██  █▀ ▄█ ███████ █▄ ▀█  ██
██   ▄███▄ █████ ▄███▄   ██
███  ████▀ ▄▄▄▄▄ ▀████  ███
████  ▀ ▄ ▀█████▀ ▄ ▀  ████
█████▄  ▀▀▄ ███ ▄▀▀  ▄█████
████████▄▄       ▄▄████████
███████████████████████████
████████     INDUSTRY LEADING BITCOIN SPORTSBOOK     ████████
LIVE
STREAMING
DAILY PRICE
BOOSTS
LIVE DEALER
CASINO
FAST & SECURE
PAYMENTS
███████████████████████████
████████▀▀       ▀▀████████
█████▀  ▄█▄  ▀  ▄▄   ▀█████
████  ▄  ▀    ▀█████▄  ████
███  ▀█▀   ▀█▄   ▀▀██▄  ███
██  ▄    █▄  ▀██▄▄  ▀█▄  ██
██  █▀ ▄  ▀█▄  ▀███▄  ▀  ██
██    ▄██  ▀██▄  ▀███▄   ██
███  ▀████  ▀███▄  ▀█▀  ███
████  ▀████  ▀████▄    ████
█████▄   ▀▀█▄  ▀▀▀   ▄█████
████████▄▄       ▄▄████████
███████████████████████████
███████████████████████████
████████▀▀ █████ ▀▀████████
█████▀    ▄█████▄    ▀█████
██████▄▄█▀▀ ▄▄▄ ▀▀█▄▄██████
███▀███▀ ▄███▀███▄ ▀███▀███
██   █ ▄██▀     ▀██▄ █   ██
██   █ ██         ██ █   ██
██   █ ▀██▄▄█ █▄▄██▀ █   ██
███▄███▄ ▀██▄▄▄██▀ ▄███▄███
██████▀▀█▄▄ ▀▀▀ ▄▄█▀▀██████
█████▄    ▀█████▀    ▄█████
████████▄▄ █████ ▄▄████████
███████████████████████████





..WIN WITH US!..
CyberKuro
Hero Member
*****
Offline Offline

Activity: 700
Merit: 506


View Profile
February 09, 2017, 04:59:29 PM
 #5

Bitcoin price recover so fast today, even though price decline were significant.
Chinese are not longer could manipulate bitcoin price so deep like before as we have spread widely over the world. I don't read the recent news about 1 month delay for bitcoin legality in China, may anyone share some good articles related to this.
kehtolo
Hero Member
*****
Offline Offline

Activity: 707
Merit: 500


View Profile
February 09, 2017, 05:05:49 PM
 #6

Erm.. not saying its 'good' - but its an explainer at least..

https://cointelegraph.com/news/bitcoin-price-falls-9-overnight-as-2-chinese-exchanges-stop-withdrawals

The next 24 hours are critical!
quake313
Sr. Member
****
Offline Offline

Activity: 268
Merit: 250



View Profile
February 09, 2017, 07:32:55 PM
 #7


This is one panic drop I can understand. I would have a problem and panic too if the exchange I used held up my coins for a month. Who knows, maybe they confiscate coins next?
Monnt
Legendary
*
Offline Offline

Activity: 896
Merit: 1000


Global Risk Exchange - gref.io


View Profile
February 09, 2017, 08:39:12 PM
 #8

It provided a good opportunity to buy cheap bitcoins though. Thank you china. It seems that while china is dumping, the rest of the world is pumping.
Do you mean the rest of world is actually doing what China did previously and China also vice versa ?
I guess we need not to give more weightage to China no more, for that the good supporting evidence must be recent stable prices above $1000. But it is obvious any exchange causality will affect bitcoin prices hence market will bounce back. We can just use this as an buying opportunity.

▄▄▄████████▄▄▄
▄▄████▄▄██████▄▄████▄▄
▄███▄▄███▀▀▀██▀▀▀███▄▄███▄
▄███▄██▀▀████████████▀▀██▄███▄
▄██▄██▀██████████████████▀██▄██▄
▄████▀██████████████████████▀████▄
████▀████████████████████████▀████
██▄█████▀     █      ▀██     ████▄██
███████  ▄█████  ███  ██  ██████████
███████  ██   █      ███     ███████
███████  ▀██  █  ██▄  ██  ██████████
██▀█████▄     █  ███▄  █     ████▀██
████▄████████████████████████▄████
▀████▄██████████████████████▄████▀
▀██▀██▄██████████████████▄██▀██▀
▀███▀██▄▄████████████▄▄██▀███▀
▀███▀▀███▄▄▄██▄▄▄███▀▀███▀
▀▀████▀▀██████▀▀████▀▀
▀▀▀████████▀▀▀
.
GRE
Global Risk Exchange












██
██
██
██
██
██
██
██
██
██
██

████
████
████
████
████
████
████
████
████
████
████
()
████
████
████
████
████
████
████
████
████
████
████

██
██
██
██
██
██
██
██
██
██
██











eddie13
Hero Member
*****
Offline Offline

Activity: 854
Merit: 557


BTC or BUST


View Profile
February 09, 2017, 09:24:54 PM
 #9

Boo hoo 1 month delay for the sake of KEEPING BITCOIN LEGAL IN CHINA!

 Roll Eyes



Do you use those exchanges?
How would you feel if they had your coins stuck now or if you were lucky your coins weren't there at the wrong time?

BitcoinBarrel
Legendary
*
Offline Offline

Activity: 1246
Merit: 1000


Twitter.com/BitcoinBarrel


View Profile WWW
February 09, 2017, 09:44:31 PM
 #10

It's not like people didn't have plenty of warning to get their coins out... you know with the ongoing investigation into BTC exchanges in China.



        ▄▄▄▄▄▄▄▄▄▄
     ▄██████████████▄
   ▄█████████████████▌
  ▐███████████████████▌
 ▄█████████████████████▄
 ███████████████████████
▐███████████████████████
▐███████████████████████
▐███████████████████████
▐███████████████████████
 ██████████████████████▀
 ▀████████████████████▀
  ▀██████████████████
    ▀▀████████████▀▀
.
.....
.....
.....
.....
.....
.....





JimboToronto
Legendary
*
Online Online

Activity: 1890
Merit: 1070



View Profile
February 09, 2017, 10:16:33 PM
 #11

It's not like people didn't have plenty of warning to get their coins out... you know with the ongoing investigation into BTC exchanges in China.

I consider keeping coins at an exchange to be foolish. Exchanges are vulnerable to attack from hackers, governments, dishonest employees, and other lowlifes.

There's also no reason. It takes very little time to transfer bitcoins to an exchange if you wish to sell them.

Transferring fiat to exchanges is what is slow and expensive. It is also far less likely to be stolen.

I can see leaving a small amount of Bitcoin at an exchange for immediate trading, and larger amounts of fiat there for convenience, but not any sizeable amount of Bitcoin.

Paper wallets rule.
DRaGoN RaNTaRo
Sr. Member
****
Offline Offline

Activity: 319
Merit: 250


View Profile
February 09, 2017, 10:21:59 PM
 #12

Boo hoo 1 month delay for the sake of KEEPING BITCOIN LEGAL IN CHINA!

 Roll Eyes



Do you use those exchanges?
How would you feel if they had your coins stuck now or if you were lucky your coins weren't there at the wrong time?
Getting your coins stuck like that in exchanges really sucks.What is the difference between fiat and bitcoin when the exchanges we trade have more control on our assets than the owner itself and people should stop going to these exchanges in the future as they do not regard its valued customers .
numismatist
Legendary
*
Offline Offline

Activity: 1170
Merit: 1000



View Profile
February 09, 2017, 11:22:35 PM
 #13

It's not like people didn't have plenty of warning to get their coins out... you know with the ongoing investigation into BTC exchanges in China.

Very disturbing timeframe, but indeed been not-so-threatening to people affected. Announced in advance.
But why are they acting that harsh right now, since on coindesk.com you could read the statement that PBoC did NOT forced them to halt withdrawals. This has been their own decision.
Totally uneccessary!

RoommateAgreement
Hero Member
*****
Offline Offline

Activity: 770
Merit: 500


Decentralized Escrow currency for Crypto world


View Profile
February 10, 2017, 03:52:38 AM
 #14

anything China related has always been exagerated and put under magnifying glass. and it always affects the price first because of the shake outs that come afterwards.

and it seems like people never learn! they continue to panic and sell their coins to the whales over and over again.

maydna
Hero Member
*****
Offline Offline

Activity: 924
Merit: 500



View Profile
February 10, 2017, 03:57:42 AM
 #15

anything China related has always been exagerated and put under magnifying glass. and it always affects the price first because of the shake outs that come afterwards.

and it seems like people never learn! they continue to panic and sell their coins to the whales over and over again.

this is what happen now and i think china is getting affects with the price, before the news about PBOC, the price is stable in $1k but after the PBOC release the news, then the price is suddenly getting down too deep and even it reach $9xx number. it seems china wants to control and make the market panic and i think they are successful to reach the goal and now, we are only waiting for a good news and we can hope that the price will be back.

RoommateAgreement
Hero Member
*****
Offline Offline

Activity: 770
Merit: 500


Decentralized Escrow currency for Crypto world


View Profile
February 10, 2017, 04:04:09 AM
 #16

anything China related has always been exagerated and put under magnifying glass. and it always affects the price first because of the shake outs that come afterwards.

and it seems like people never learn! they continue to panic and sell their coins to the whales over and over again.

this is what happen now and i think china is getting affects with the price, before the news about PBOC, the price is stable in $1k but after the PBOC release the news, then the price is suddenly getting down too deep and even it reach $9xx number. it seems china wants to control and make the market panic and i think they are successful to reach the goal and now, we are only waiting for a good news and we can hope that the price will be back.

you do realize that the majority of the dumps happened in the western exchanges not Chinese. it started on big exchanges such as bitfinex and bitstamp when whales were dumping big amounts of bitcoin and you can see it on the charts with a vertical red candlestick showing the size of their dumps.
and if you can find the history of it there were dumps as big as 100 to 500 bitcoins at a time.

JimboToronto
Legendary
*
Online Online

Activity: 1890
Merit: 1070



View Profile
February 10, 2017, 04:59:56 AM
 #17

you do realize that the majority of the dumps happened in the western exchanges not Chinese.

Traditionally prices on Chinese exchanges were considerably higher than on western exchanges. Wealthy Chinese were willing to pay a premium for coins at home just to get them to western exchanges, where they were willing to sell them at a discount just to get their coins out of China, despite capital controls.

Of course the dumps happened at western exchanges, just as the price rallies mostly originated in China

Isn't this why the PBOC pressured the exchanges into suspending Bitcoin withdrawals?

Since the withdrawal limitations, this gap has narrowed, and at times Chinese prices have actually been lower.

The PBOC seems to be accomplishing what it set out to do: stemming the outflow of yuan from China.


Riddikulo
Hero Member
*****
Offline Offline

Activity: 742
Merit: 500



View Profile
February 10, 2017, 06:06:25 AM
 #18

The only issue is the block size.

.
                ▄▄▄▓▓▓▓▓▓▓▓▓▓▄▄
            ▄▄▓▓▀░░░░░░░░░░░░░░▓▓▓▓
          ▄▓▓░░░░░▄▄████████▄▄░░░░░░▓▓
        ▄▓▀░░░░██████████████████▄░░░▓▓▌
       ▓▓░░░▄██████████████████████▄░░░▓▓▄
      ▓░░░░█████████████████████████░░░░▓▄
     ▓▓░░░████████████████████████████▌░░░▓
    ▐▓░░░▓████████████░░░░░████████████░░░▓▓
    ▓▓░░░█████████████▓████▓███████████▌░░▐▓
    ▓▓░░░█████████████▓████████████████▌░░▐▓
    ▐▓░░░▓████████████▓░██░████████████░░░▓█
     ▓▓░░░████████████▓░██████████████▌░░░▓▌
      ▓▓░░░███████████▓██████████████▀░░░█▌
       ▓▓░░░░█████████▓▄███████████░░░░█▀
        ▓▓░░░░░██████████████████▀░░░░▓█
          ▓▓░░░░░░▀██████████▀▀░░░░░▓█▀
            ▀▓▓░░░░░░░░░░░░░░░░░░▓█▀
                ▀▓▓▓▓▓▓▓▓▓▓▓██▀▀▀
██
██
██
██
██
██
██
........BRIDGING MARKETS.......
.AN ALL INCLUSIVE ECOSYSTEM.
██
██
██
██
██
██
██
██  .Social Media.  ██
██▄███████████████████▄
██████████████████████▌
██████████████████████▌
████████████     █▀███▌
███   █████        ▐██▌
███               ▐███▌
███               ████▌
████             █████▌
█████▄▄         ██████▌
████         ▄████████▌
██████████████████████▌
██████████████████████▌
▄▓█████████████████████▓▓▄
▓██████████████████████████▌
███████████████████▓▓▀  ▓██▌
██████████████▓▀▀       ▓██▌
████████▓▀▀      ▄█    ▐███▌
███▓▀        ▄▄▓▀      ▓███▌
███▓▄▄▄   ▄▓█▓         ████▌
████████▓ ▓▌          ▓████▌
█████████▓    ▄       █████▌
██████████▌ ▄▓██▓▄   ▐█████▌
███████████████████▓▓██████▌
▐██████████████████████████
  ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
██
BTCLovingDude
Legendary
*
Offline Offline

Activity: 1036
Merit: 1008


BTC to the moon is inevitable...


View Profile WWW
February 10, 2017, 09:08:51 AM
 #19

this is not an issue, it is an opportunity.
whenever there is a dip like this, it can be a potential chance for buying cheaper bitcoins before it is back up again.
China is never going anywhere so as other 100 or so countries which have been buying bitcoin nonstop.

▄▄█████████▄▄
▄█████████████████▄
▄█████████████████████▄
▄███▀▀   ▀▀███▀▀   ▀▀███▄
▄███    ▄▄   ▀   ▄▄    ███▄

███▌  ▄█████▄ ▄█████▄  ▐███
████  ███████ ███████  ████
████▌ ▐█████████████▌ ▐████
▀███▀  ▀███████████▀  ▀███▀
▀██▄▄▄▄███████████▄▄▄▄██▀
▀█████████████████████▀
▀█████████████████▀
▀▀█████████▀▀
.MOZO.
|.
||
▄▄▀▀▀▀▀▀▀▀▀▀▀▀▄▄
▄▀▀ ▄▄▀▀▀▀ ▄▄ ▀▀▄▄ ▀▀▄
▄▀▀ ▄▀▄ ▄▄▄▀▀▀▄▄ █▀▄▄▀▀▄ ▀▀▄
▄▀ ▄▀▀ █ ▀▀█▀▄  ▐▌█ ▄▄▄▀▀▄▀▀▄ ▀▄
▄▀ ▀▄▄█▄█▀▀▄ ▀▀▀▄█ █▀▄▄▀▄▀▄██▄  ▀▄
▄▀ ▄█▄▄▄▀█▄▀▀▀▄▄▀▄█▀▀▀▄▄▄ ▀▄▄▄▄▀▀▄▀▄
█▄▀▄▄▀▀▄▀ ▄▄▀▀▄▀▀█▀▄▄▀▀█ ▀▀▄▄▄▄▀▀▀██
█▄▀▀█  █▄▀▀▄▄▀▀▄█▀▄▄▄▄▀▀▄█▀▀▄ ▐▌▄  ▀▄█
█▀▀█ ▄█ ▀▀█▄▄▄▀▀      ▀▀▀█▀▀▀▀▄▀▄▀▀▄██
█ ▀▄▀▄ █  ▄▄█ ▀▀▄▀  ▄▀▀▄▀█▀▄▄▀▄█ ▄ ▄ █
█ ▄ ▀▄█ ▄ ▄█ ▀██▀ █ ▀██▀ █ ▄█ █  █ █ █
█ █  ▄ █▄▀▀█     █       █▀▄ █   █ █ █
█ █  █  ▀█▀ █    ▀▄▀   █ █ █ ▀  ▄▀ █ █
█ █ ▀▄  █ ▄█▀▄ ▄▄▄▄▄ ▄▀▄▀█▄▀  ▄▀ █ █
▀▄ █ ▀▄  █ ▀▄▀▄▄ ▀ ▄▄▀▄▀ █▐▌ ▄▀ █ ▄▀
▀▄ █  ▀ ██▀▄▀▄▄▀▀▀▄▄▀  ▐▌█ ▀ ▄▀ ▄▀
▀▄ ▀▄▄  █ ▄▀▄▄▀▄▄▀▄▀▀▄▀▄  ▄▄▀ ▄▀
▀▄▄ ▀▄▄▀▀▀       ▀▀▀ ▄▄▀ ▄▄▀
▀▄▄ ▀▀▄▄▄▄▄▄▄▄▄▄▀▀ ▄▄▀
▀▀▄▄▄▄▄▄▄▄▄▄▄▄▀▀
.
VERSACE
▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
& .38,000 STORES. are
accepting MOZO TOKENS

KennyR
Hero Member
*****
Offline Offline

Activity: 938
Merit: 500


DECOIN - First Blockchain Profit Sharing Exchange


View Profile
February 10, 2017, 10:50:48 AM
 #20

this is not an issue, it is an opportunity.
whenever there is a dip like this, it can be a potential chance for buying cheaper bitcoins before it is back up again.
China is never going anywhere so as other 100 or so countries which have been buying bitcoin nonstop.
As mentioned China doesn't move anywhere. Its just to make some systematic regulations to avoid money laundering and avoid illegal mining operations. As countries are competing to be digitized China won't move out of digital development as well digital currency making. In the past bitcoin price variation happens in relation to China's bitcoin market now such scenarios have changed a lot.


░░░░░░▄▄█▀▀▀▀▀▀▀▀█▄▄

░░░░▄█░░▄▄▄▄▄▄▄▄▄▄░░█▄
░░▄█░░▄█░░░░░░░░░█▄░░█▄
░░▄█░░░░▄███▄░░░░░█▄░░
░░░░░░░░░░░░░░░░░
░░░░░░░░░░░░░░░░░
░░░░░░░░██░░░░░░░░░
░░░░░░░░░░░░░░░░░
░░░░░░░░░░░░░░░░░
░░▀█░░░░▀███▀░░░░░█▀░░
░░▀█░░▀█░░░░░░░░░█▀░░█▀
░░░░▀█░░▀▀▀▀▀▀▀▀▀▀░░█▀
░░░░░░▀▀█▄▄▄▄▄▄▄▄█▀▀
▁ ▂ ▁ Facebook | DECOIN.IO| Bounty ▁ ▂ ▁
•-» World's leading Cryptocurrency Exchange and Trading Platform «-•
▂ ▅ ▂ ANN▂ ▅ ▂ Telegram▂ ▅ ▂ Whitepaper ▂ ▅ ▂ Twitter ▂ ▅ ▂
Pages: [1] 2 »  All
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!