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Author Topic: ViaBTC closing down  (Read 611 times)
ft73
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September 15, 2017, 06:30:06 AM
 #1

See yourself:
https://twitter.com/viabtc

Huobi next?

EDIT: i mean ViaBTC exchange
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September 15, 2017, 06:36:09 AM
 #2

that is just their exchange service due to regulations which they have to legally close down the business to answer to the authorities for running a business without proper legal licenses.

besides ViaBTC exchange was mostly a joke created to promote certain bitcoin forks such as bitcoin unlimited and then bitcoin cash, as they were the first ones to add BCH to their exchange with no volume ever.

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September 15, 2017, 07:32:21 AM
 #3

It is very likely now that step by step, every exchange that has its residence in China will make the same move.
I am wondering if they know more than they tell. Closing the exchange willingly, I can not imagine that.
There must have been some kind of hint from the authorities nobody wants to confirm.
I suppose that they are given the choice that they have to announce they are closing on their own will in a given period of time or they will be shut down after that.


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September 15, 2017, 07:39:09 AM
 #4

Its just a start Huobi and OkCoin is next. I think they are going to announce it today.
Its totally Black Friday for Bitcoin. Lets wait and see how the price falls. Next big support will be around 2000$ if 3000$ cant handle this panic sells.

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September 15, 2017, 07:55:38 AM
 #5

I highly doubt 3000 can handle it. 2000 will be a reasonable position, where I will personally enter and buy.
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September 15, 2017, 08:00:35 AM
 #6

I make that four exchanges now closed: Bitkan (the OTC exchange), Yunbi, BTCC and now ViaBTC.

I guess those folk that sold immediately when the PBOC news came out and got an exit price of about $4400 are the smart ones...

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September 15, 2017, 08:19:00 AM
 #7

that is just their exchange service due to regulations which they have to legally close down the business to answer to the authorities for running a business without proper legal licenses.

besides ViaBTC exchange was mostly a joke created to promote certain bitcoin forks such as bitcoin unlimited and then bitcoin cash, as they were the first ones to add BCH to their exchange with no volume ever.
I just found out about them from you, I was shocked to know it viabtc set up business without permission, viabtc fair fair close their business they are afraid in my resistance sense, I think the first viabtc wants to follow china kill bitcoin

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September 15, 2017, 08:21:30 AM
 #8

Okcoin and huobi next.

I guess those folk that sold immediately when the PBOC news came out and got an exit price of about $4400 are the smart ones...

No they aren't smart one, they just did sold at good price because the price now is quite low but watch Tom Lee's prediction via CNBC https://www.cnbc.com/video/2017/09/14/tom-lee-heres-why-bitcoin-will-hit-25000.html?play=1

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September 15, 2017, 08:32:38 AM
 #9

that is just their exchange service due to regulations which they have to legally close down the business to answer to the authorities for running a business without proper legal licenses.

besides ViaBTC exchange was mostly a joke created to promote certain bitcoin forks such as bitcoin unlimited and then bitcoin cash, as they were the first ones to add BCH to their exchange with no volume ever.

i agree, it's just the exchange. mining pool will still run.

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September 15, 2017, 08:39:03 AM
 #10

Bitcoin is facing a very hard time for now and it seems that it will go in this rough phase for a long time now. I even doubt that Bitcoin will go below 2500 or even 2000 mark because of this big collapse of the markets and exchanges. This decision of China has placed a huge panic for exchanges as they don't want to loose their money and thus are selling all their Bitcoins and stop dealing with any Bitcoin related trades now. This phase can be a very hard phase for Bitcoin but it will make those people richer who will hold their Bitcoins.

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September 15, 2017, 08:44:45 AM
 #11

I highly doubt 3000 can handle it. 2000 will be a reasonable position, where I will personally enter and buy.

Terrible what's happening with the price but you're right, if it falls to $2000 - $2500 it's too good an opportunity to miss out on, we all have to load up.

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September 15, 2017, 08:50:28 AM
 #12

Bitcoin is facing a very hard time for now and it seems that it will go in this rough phase for a long time now. I even doubt that Bitcoin will go below 2500 or even 2000 mark because of this big collapse of the markets and exchanges. This decision of China has placed a huge panic for exchanges as they don't want to loose their money and thus are selling all their Bitcoins and stop dealing with any Bitcoin related trades now. This phase can be a very hard phase for Bitcoin but it will make those people richer who will hold their Bitcoins.

Bloomberg speculates.... good time to buy.

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September 15, 2017, 08:59:28 AM
 #13

I highly doubt 3000 can handle it. 2000 will be a reasonable position, where I will personally enter and buy.

Terrible what's happening with the price but you're right, if it falls to $2000 - $2500 it's too good an opportunity to miss out on, we all have to load up.
I saw an article that says we don't need to worry about since it is just a market structure drop and not a drop on fundamentals therefore there's nothing to worry about and instead an opportunity to buy when it's still low.

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September 15, 2017, 09:01:00 AM
 #14

Its just a start Huobi and OkCoin is next. I think they are going to announce it today.
Its totally Black Friday for Bitcoin. Lets wait and see how the price falls. Next big support will be around 2000$ if 3000$ cant handle this panic sells.

I think other exchanges will close. Maybe there will be a license system so that people can trade bitcoin legally.
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September 15, 2017, 09:11:25 AM
 #15

ViaBTC was one of the entities preventing Segwit from activating through the original proposal, and for that reason I don't care a single bit about them having to shut down their exchange activities. If things continue like this, and it's starting to get more likely with the day, then we'll at some point have nothing to worry about China anymore, in terms of trading. I wonder how long it will take for China to hammer down on the miners there - I believe this is just a matter of time since this is definitely an anti crypto campaign. The sooner we get rid of China entirely, the less obstacles Bitcoin will have in terms of its growth. Instead of looking at this from a negative perspective, be happy that this is happening. Ultimately, I think that these exchanges will end up relaunching, but then on the ground of Hong Kong, to avoid Chinese barbarism.

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September 15, 2017, 09:19:29 AM
 #16

I think they will all shut down their businesses.
And if we don't get any news withthin the next 60 minutes out of china, expact some more FUD and shenanigans over the whole weekend.
Better switch off the computer and do something else then.

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September 15, 2017, 09:29:57 AM
 #17

Maybe this could also be a ploy to let loose hands sell their bitcoin so the Chinese can buy at a cheaper rate...? Hold your coins, guys and buy more!
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