MAbtc
|
|
September 14, 2017, 10:54:01 PM |
|
The price already started to decrease since BTCC announcement. I believe we will be better off the Chinese exchanges and the market manipulations in long term but for now, I expect the price to decrease further and more exchanges (Huobi and OkCoin) will follow that decision.
Bitfinex must be next. They are like a cancer with their fake volumes and tether with their fake usd being used to pump BTC. Why? I mean, I expect Bitfinex to be the next exchange to be shut down by the US Government (for an assortment of reasons -- unregistered securities, unlicensed MSB, money laundering conspiracy). But not the Chinese government. Even if they were still organized primarily in Hong Kong, I'm not sure that the PBOC ban would apply there. They tweeted this earlier today regarding their status as a British Virgin Islands company: Bitfinex is owned & operated by iFinex Inc., a BVI company. As such, it is not subject to the recent PBOC ban.
|
|
|
|
Sate Jamu
|
|
September 14, 2017, 10:54:52 PM |
|
If thet use full bot exchanger system is certainly better banned, this will bring a better impact even though the impact is bitcoin prices continue to fall. I expect the price to go back up.
|
|
|
|
mayax (OP)
Legendary
Offline
Activity: 1470
Merit: 1004
|
|
September 15, 2017, 09:18:22 AM |
|
another one is closing, viabtc.com. https://www.viabtc.com/announcement/detail?id=11All the chinese exchangers will be closed. so, where are the morons(shills) who said that this is a FAKE news?
|
|
|
|
bitcoinisbest
|
|
September 15, 2017, 09:20:30 AM |
|
Its not a at all a fake news. This is true that all the exchanges slowly will shut down. Now there is a fear in our country too as government was on the verge to legalize probably the bitcoin but after China stand this seems bitcoin will have a hard time and so do our country. This will further fall the price and may be btc may go down to 2k mark.
|
|
|
|
aoluain
Legendary
Online
Activity: 2394
Merit: 1344
|
|
September 15, 2017, 10:50:54 AM |
|
Here is some panic stopping news via twitter. It is clear that China is looking to implement some form of licensing for exchanges in order to cut out the scamming etc. It looks like legitimate exchanges will be able to apply for a license and as they will be trading above board a license should be obtainable. https://twitter.com/TradingWhaIe/status/908607956010389506
|
|
|
|
R |
▀▀▀▀▀▀▀██████▄▄ ████████████████ ▀▀▀▀█████▀▀▀█████ ████████▌███▐████ ▄▄▄▄█████▄▄▄█████ ████████████████ ▄▄▄▄▄▄▄██████▀▀ | LLBIT | | | 4,000+ GAMES███████████████████ ██████████▀▄▀▀▀████ ████████▀▄▀██░░░███ ██████▀▄███▄▀█▄▄▄██ ███▀▀▀▀▀▀█▀▀▀▀▀▀███ ██░░░░░░░░█░░░░░░██ ██▄░░░░░░░█░░░░░▄██ ███▄░░░░▄█▄▄▄▄▄████ ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ | █████████ ▀████████ ░░▀██████ ░░░░▀████ ░░░░░░███ ▄░░░░░███ ▀█▄▄▄████ ░░▀▀█████ ▀▀▀▀▀▀▀▀▀ | █████████ ░░░▀▀████ ██▄▄▀░███ █░░█▄░░██ ░████▀▀██ █░░█▀░░██ ██▀▀▄░███ ░░░▄▄████ ▀▀▀▀▀▀▀▀▀ |
| | | | | | .
| | | ▄▄████▄▄ ▀█▀▄▀▀▄▀█▀ ▄▄░░▄█░██░█▄░░▄▄ ▄▄█░▄▀█░▀█▄▄█▀░█▀▄░█▄▄ ▀▄█░███▄█▄▄█▄███░█▄▀ ▀▀█░░░▄▄▄▄░░░█▀▀ █░░██████░░█ █░░░░▀▀░░░░█ █▀▄▀▄▀▄▀▄▀▄█ ▄░█████▀▀█████░▄ ▄███████░██░███████▄ ▀▀██████▄▄██████▀▀ ▀▀████████▀▀ | . ▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄ ░▀▄░▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄░▄▀ ███▀▄▀█████████████████▀▄▀ █████▀▄░▄▄▄▄▄███░▄▄▄▄▄▄▀ ███████▀▄▀██████░█▄▄▄▄▄▄▄▄ █████████▀▄▄░███▄▄▄▄▄▄░▄▀ ████████████░███████▀▄▀ ████████████░██▀▄▄▄▄▀ ████████████░▀▄▀ ████████████▄▀ ███████████▀ | ▄▄███████▄▄ ▄████▀▀▀▀▀▀▀████▄ ▄███▀▄▄███████▄▄▀███▄ ▄██▀▄█▀▀▀█████▀▀▀█▄▀██▄ ▄██▀▄███░░░▀████░███▄▀██▄ ███░████░░░░░▀██░████░███ ███░████░█▄░░░░▀░████░███ ███░████░███▄░░░░████░███ ▀██▄▀███░█████▄░░███▀▄██▀ ▀██▄▀█▄▄▄██████▄██▀▄██▀ ▀███▄▀▀███████▀▀▄███▀ ▀████▄▄▄▄▄▄▄████▀ ▀▀███████▀▀ | | OFFICIAL PARTNERSHIP SOUTHAMPTON FC FAZE CLAN SSC NAPOLI |
|
|
|
|
DoublerHunter
|
|
September 15, 2017, 01:54:10 PM |
|
Thanks for the news from China and it enables us to buy bitcoin for a lower and cheaper rate and i hope that in the next month, we will see a great gain in the bitcoin market because this banning and some sort of bad news is more like a strategy for the whales in china to buy bitcoin at a lower rate and manipulate the market.
|
|
|
|
ropyu1978
|
|
September 15, 2017, 02:10:38 PM |
|
it seems that all the chinese exchangers will be closed for a while. it's a normal decision because they made so many illegalities (willy bot, market manipulation and so on). http://m.finance.caixin.com/m/2017-09-08/101142797.htmlThat means Okcoin, BTC china, Huobi and many others will be closed. "the plague" begins to be cleaned Caixin was the first one to report on the ICO ban before the official documents came out so, they should be credible if they (china) temporarily close. will likely reopen. I am more surprised and think differently. is there a deliberate unser they do? until crypto weakens and drops to the lowest level. this rumor is so strong, and like going on a scenario.
|
|
|
|
mayax (OP)
Legendary
Offline
Activity: 1470
Merit: 1004
|
|
September 15, 2017, 02:46:55 PM |
|
|
|
|
|
Carlsen
|
|
September 15, 2017, 02:53:15 PM |
|
Am I reading it wrong? It only says that exchanges between Yuan and cryptocurrencies will be affected. Everything else can be traded at the exchanges. If the exchange would be shut down completely, bitcoin price would go down. But the price went up!
|
|
|
|
RamBahadur.Gurung
|
|
September 15, 2017, 02:54:49 PM |
|
It is quite confusing. I heard that the closure is a temporary one, until they could reach on a compromise with the authorities. But some mainstream media sources are claiming that this is a permanent closure.
|
|
|
|
MAbtc
|
|
September 15, 2017, 07:56:16 PM |
|
Am I reading it wrong? It only says that exchanges between Yuan and cryptocurrencies will be affected. Everything else can be traded at the exchanges. If the exchange would be shut down completely, bitcoin price would go down. But the price went up! Okcoin and Huobi have announced that that they will stop CNY-to-cryptocurrency trading services on Oct 31st. Most announcements regard fiat trading. But it doesn't matter. The damage is done: CNY deposits are disabled. There can be no money coming into the exchanges until they are properly licensed. That could be months away. The price went up because 1) technical support at $3000 area and weekly 20MA, and 2) the exchange closures had already largely been priced in by then. Now that we have an interim bottom in place, the question is, are we in a longer term bear market now?
|
|
|
|
newguy05
|
|
September 15, 2017, 08:02:49 PM |
|
The current news regarding okcoin and huobii is frustrated. They will anounce their closing this weekend and end of this month after they stop trading I guess we will see lower levels on bitcoin
|
|
|
|
leopard2
Legendary
Offline
Activity: 1372
Merit: 1014
|
|
September 15, 2017, 09:17:56 PM |
|
Two possibilities
a) in the future BTC in China are traded in shady corners for cash, they way crypto should be traded in the first place
b) China re-opens exchanges, after "licensing" them and after the Chinese government has accumulated enough cheap coins (they do buy BTC, I have no doubt, they probably act as a """liquidity provider""" , just like Uncle Sam did, when outlawing gold in 1933)
|
Truth is the new hatespeech.
|
|
|
mayax (OP)
Legendary
Offline
Activity: 1470
Merit: 1004
|
|
September 16, 2017, 12:26:53 AM |
|
all the chinese exchangers have HUGE fake volumes. they deserve to be closed.
|
|
|
|
Mbah Djoko
|
|
September 16, 2017, 01:50:09 AM |
|
I'm sure this will not have a big impact, bitcoin users in china certainly easily shift their business to neighboring countries like Hongkong or Taiwan, and surely this does not become a storm.
|
great
|
|
|
roccstar
|
|
September 16, 2017, 02:38:28 AM |
|
I'm sure this will not have a big impact, bitcoin users in china certainly easily shift their business to neighboring countries like Hongkong or Taiwan, and surely this does not become a storm.
yeah you are right, it wont affect the Chinese people. Offcourse for few days the price of bitcoin will fall till Chinese people find another exchange for trading their coins outside China. After that in my opinion bitcoin's price will surge and that will be sudden.
|
|
|
|
jackhero
Newbie
Offline
Activity: 42
Merit: 0
|
|
September 16, 2017, 02:57:02 AM |
|
i think The Chinese do so for sellers to sell btc then bump again...guys don't wory...btc will increase again
|
|
|
|
blockchainmarketus
|
|
September 16, 2017, 03:05:59 AM |
|
it seems that all the chinese exchangers will be closed for a while. it's a normal decision because they made so many illegalities (willy bot, market manipulation and so on). http://m.finance.caixin.com/m/2017-09-08/101142797.htmlThat means Okcoin, BTC china, Huobi and many others will be closed. "the plague" begins to be cleaned Caixin was the first one to report on the ICO ban before the official documents came out so, they should be credible This is good news. We have to find ways to get the dirty Chinese out of Bitcoin. They love to ruin everything. Yup, I agree clean bitcoin from dirty business, I think Chinese should do better after this. Should do the right thing. Hope many exchangers outside China will not get effect by closing them
|
|
|
|
chocolah29
|
|
September 16, 2017, 03:10:31 AM |
|
I'm sure this will not have a big impact, bitcoin users in china certainly easily shift their business to neighboring countries like Hongkong or Taiwan, and surely this does not become a storm.
But the fuds impacted the price recently. But knowing bitcoin, surely it can get through this like even the segwit2x didn't affect that much the price. Well China will close the exchange to give way to their own exchange.
|
|
|
|
|