GigaCoin (OP)
Sr. Member
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Activity: 308
Merit: 251
Giga
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December 16, 2013, 06:19:29 PM |
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Bitcoin is crashing at 25% so far, it seems there are rumors that China banned Bitcoin payment processors from dealing with Bitcoin Exchanges, some confirming this to be true. http://www.coindesk.com/china-bans-payment-companies-working-bitcoin-exchanges-sources-claim/If indeed this is confirmed further in the next couple of days, This means Chinese can't deposit money to exchanges, which is very grave. I wish all Bitcoiners the best in the coming days. |
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derpinheimer
Legendary
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Activity: 896
Merit: 1000
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December 16, 2013, 06:22:20 PM |
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Oh shit :O
Time to sell everything I've got left.
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Wilhelm
Legendary
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Activity: 1652
Merit: 1265
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December 16, 2013, 06:33:55 PM |
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I'm holding ... who needs China  |
Bitcoin is like a box of chocolates. You never know what you're gonna get !!
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TheJacob
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December 16, 2013, 06:41:53 PM |
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Anyone have any other sources ?
This seems a little strange to me.
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Mirsad
Full Member
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Activity: 140
Merit: 100
Bitcoin - love & hate
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December 16, 2013, 06:42:39 PM |
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Anyone have any other sources ?
This seems a little strange to me.
Just watch the charts and cry  |
< 100 BTC is not worth mentioning. Poor souls will always remain poor. Don't miss the failtrain.
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derpinheimer
Legendary
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Activity: 896
Merit: 1000
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December 16, 2013, 06:43:04 PM |
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Anyone have any other sources ?
This seems a little strange to me.
DONT THINK, SELLBTCBTCBTC |
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CoinGeneral
Full Member
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Activity: 182
Merit: 100
The General
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December 16, 2013, 06:44:13 PM |
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Anyone have any other sources ?
This seems a little strange to me.
DONT THINK, SELLBTCBTCBTCSell so you can buy it all?  |
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RodeoX
Legendary
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Activity: 3066
Merit: 1145
The revolution will be monetized!
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December 16, 2013, 06:44:55 PM |
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I'm holding ... who needs China No kidding. A few months ago we didn't know there were Chinese bitcoiners. |
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niktitan132
Legendary
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Activity: 1036
Merit: 1000
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December 16, 2013, 06:45:44 PM |
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BUY NOW CHEAP
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dopamine
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December 16, 2013, 06:48:02 PM |
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Finally the bears will come out to play, 400ish coming soon...
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Bitcoinica still has not given me 50% of my claim of 600 BTC
INTERSANGO can go down with bitcoinica for abandoning customers
Alberto Armandi is a SCAMMER
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Rygon
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December 16, 2013, 06:48:32 PM |
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“There’s no need to panic and do a run on the bank. People will still be able to sell their bitcoins for local currency and then withdraw that currency,” So they can still sell their coins, but no one can deposit money into the echanges? Things will not be good for a few weeks, imo. |
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pera
Sr. Member
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Activity: 532
Merit: 261
バカ
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December 16, 2013, 06:50:48 PM |
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If indeed this is confirmed further in the next couple of days, This means Chinese can't deposit money to exchanges, which is very grave.
wut?? this means that only people outside of China can still transfer money to Chinese exchanges? |
ｷﾀ━━━━(ﾟ∀ﾟ)━━━━ｯ!!
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Mjbmonetarymetals
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Activity: 1096
Merit: 1067
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December 16, 2013, 06:51:16 PM |
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Bitrated user: Mick.
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mvdheuvel1983
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December 16, 2013, 06:55:39 PM |
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I'm holding ... who needs China No kidding. A few months ago we didn't know there were Chinese bitcoiners. Yes, when bitcoin was 100 USD |
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mb300sd
Legendary
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Activity: 1260
Merit: 1000
Drunk Posts
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December 16, 2013, 06:57:22 PM |
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Then BTCChina is dead, and users are just getting money out... IGNORE THEIR PRICES.
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1D7FJWRzeKa4SLmTznd3JpeNU13L1ErEco
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humanitee
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December 16, 2013, 06:57:40 PM |
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This thread is very unenlightening. |
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| Whitepaper
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Reddit
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GigaCoin (OP)
Sr. Member
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Activity: 308
Merit: 251
Giga
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December 16, 2013, 07:10:10 PM |
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If indeed this is confirmed further in the next couple of days, This means Chinese can't deposit money to exchanges, which is very grave.
wut?? this means that only people outside of China can still transfer money to Chinese exchanges? This is further clarified in the article: People will still be able to withdraw their money from Chinese exchanges, they just won’t be able to deposit new funds. - You can only sell Bitcoins on exchange and withdraw Fiat, but not deposit Fiat to buy coins. People will still be able to sell their bitcoins for local currency and then withdraw that currency |
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Ibian
Legendary
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Activity: 2268
Merit: 1278
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December 16, 2013, 07:18:03 PM |
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So they are cashing out and the price should drop for a while until we are where we would be without them, plus whatever they do localbitcoins style. Interesting.
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Look inside yourself, and you will see that you are the bubble.
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GigaCoin (OP)
Sr. Member
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Activity: 308
Merit: 251
Giga
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December 16, 2013, 07:18:18 PM |
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I'm holding ... who needs China No kidding. A few months ago we didn't know there were Chinese bitcoiners. Yes, when bitcoin was 100 USD The thought of that $100 XBT makes me excited yet sad at the same time  |
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piramida
Legendary
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Activity: 1176
Merit: 1010
Borsche
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December 16, 2013, 07:20:44 PM |
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So chinese are getting f in the a. I guess now they will see that unless they actually *own* their money they will be told what they can or can't do with it, like little children. Seems very bullish to me... After the panic dissipates in a week or two. Meanwhile, cheap coins.
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i am satoshi
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