Meatees
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December 17, 2013, 04:36:26 AM |
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Why are the prices falling today ?
Because people like OP keep spreading FUD. There is no official announcement, but all sites just keep saying "according to sources", blah blah blah.. Check OP's post history, he registered his account, made this thread, and replied in another post saying bitcoin is insecure and nobody want bitcoins lol.
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Motosaw
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December 17, 2013, 04:44:14 AM |
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It's from China`s Central Bank. They did the announcement today.
OK, original you are talking about a new announcement just published today. Now, you give us a link for the announcement published on Dec 5. You must be kidding me. Where is your so-called today announcement? Yes, there are lots of " news" in English, but none in Chinese. Wow, that's interesting. "For payment companies that have already done business with Bitcoin Exchanges, should end their business cooperation; withdrawals of balances should be completed before the Chinese Spring Festival (January 2014), and new payment services are not allowed."
Payment companies ≠ Banks. Yes, you can no longer withdraw CNY from btcchina to tenpay, but you can deposit money to or withdraw money from bank account directly. Payment companies are not only banks;are all the financial licensed company. You can transmit money even you are not a bank. There are many categories of financial companies. The exchangers are one of them so they fall under this rule. Anyway, the banks won't accept payments for Bitcoin exchanges anymore. The second announcement is making the things more clearly. Just wait for 1-2 days and you will see the Chinese announcement. You will see the rates going down too. You first mention "today announcement", and then you ask us to refer to the Dec 5 announcement, and now you want us to check the coming announcement in a few days. You need to proofread your FUD plan more carefully ![Tongue](https://bitcointalk.org/Smileys/default/tongue.gif)
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RationalVoice
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December 17, 2013, 04:45:46 AM |
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This is a MAJOR hit to Bitcoin. Chinese were buying almost 2x of the Bitcoins USA was buying. Right now, in the last 20 minutes there have not been a SINGLE bitcoin purchased in China. http://fiatleak.com/Watch the trackers, there are NO orders from China.
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CIYAM
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December 17, 2013, 04:49:06 AM |
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Trading on btcchina is going on as we type - maybe some feeds might not be working but trading BTC and RMB on btcchina *is*.
(price rose from 3600 to 3650 while I was typing this - strange how that happened if no BTC are being traded at all)
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mayax (OP)
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December 17, 2013, 04:49:26 AM |
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Why are the prices falling today ?
Because people like OP keep spreading FUD. There is no official announcement, but all sites just keep saying "according to sources", blah blah blah.. Check OP's post history, he registered his account, made this thread, and replied in another post saying bitcoin is insecure and nobody want bitcoins lol. Yes, I am new here. So what? ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) I am not against Bitcoin and I don't deal with it. I am using other e-currencies. I posted here because the people must be informed. I didn't come with SF stories. These are the facts. I know that you want to protect your investment. I would do the same in your place. The China gov has banned all the financial companies to deal with Bitcoin is a fact already(6 days ago). The banks will close all the accounts relatated with Bitcoin exchanges (the exception will be the personal ones) http://www.pbc.gov.cn/publish/goutongjiaoliu/524/2013/20131205153156832222251/20131205153156832222251_.htmlIt is not a rumor. The second announcement it was done few hours ago(China time). The official statement will be published in 1-2 days. Yes, it's a major hit as I said above. the China market was huge for Bitcoin. Now,it's gone. Again, these are not rumors ! ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) I would sell my Bitcoins if I would had NOW.
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hotice
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December 17, 2013, 04:52:10 AM |
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This is a MAJOR hit to Bitcoin. Chinese were buying almost 2x of the Bitcoins USA was buying. Right now, in the last 20 minutes there have not been a SINGLE bitcoin purchased in China. http://fiatleak.com/Watch the trackers, there are NO orders from China. This is should probably be called fakeleak instead of fiatleak. Look the the volume tracker on btcchina itself. 100,000+ today!
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LeoTross
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December 17, 2013, 04:53:14 AM |
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This is a MAJOR hit to Bitcoin. Chinese were buying almost 2x of the Bitcoins USA was buying. Right now, in the last 20 minutes there have not been a SINGLE bitcoin purchased in China. http://fiatleak.com/Watch the trackers, there are NO orders from China. Just check BTCChina's homepage, I can see "฿106,895.04 Volume", and the figure keeps increasing. OKCoin's volume is also increasing steadily as well, the volume now is "BTC : 65380.59฿"
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CIYAM
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December 17, 2013, 04:54:29 AM |
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I would sell my Bitcoins if I would had NOW.
And price has risen back up to 3690 - you'd better try harder!
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pand70
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December 17, 2013, 04:54:50 AM |
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Trading on btcchina is going on as we type - maybe some feeds might not be working but trading BTC and RMB on btcchina *is*.
(price rose from 3600 to 3650 while I was typing this - strange how that happened if no BTC are being traded at all)
I think the issue is new deposits. Obviously trading is going on thats why the price drops like a rock ![Tongue](https://bitcointalk.org/Smileys/default/tongue.gif) Can you deposit money to btcchina?
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CIYAM
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December 17, 2013, 04:56:03 AM |
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Can you deposit money to btcchina?
Yes you can - via direct bank transfer.
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BurtW
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December 17, 2013, 04:59:59 AM |
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I would sell my Bitcoins if I would had NOW.
mayax, eight posts, all FUD, all the time.
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Our family was terrorized by Homeland Security. Read all about it here: http://www.jmwagner.com/ and http://www.burtw.com/ Any donations to help us recover from the $300,000 in legal fees and forced donations to the Federal Asset Forfeiture slush fund are greatly appreciated!
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mayax (OP)
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December 17, 2013, 05:05:02 AM |
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I would sell my Bitcoins if I would had NOW.
mayax, eight posts, all FUD, all the time. I came with official announcement link and with my opinion too. You are not forced to read my posts. i am sure you have much more experience than I so you don't have to believe a "newbie" ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) Go and buy Bitcoin... ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
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Qwerty56
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December 17, 2013, 05:11:01 AM |
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I would sell my Bitcoins if I would had NOW.
mayax, eight posts, all FUD, all the time. I came with official announcement link and with my opinion too. You are not forced to read my posts. i am sure you have much more experience than I so you don't have to believe a "newbie" ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) Go and buy Bitcoin... ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) Yes, you come with an old link, and claim to have a new announcement.
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BurtW
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December 17, 2013, 05:11:36 AM |
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Go and buy Bitcoin... ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) Not yet, still going down. Thanks! Let's all check back tomorrow and see how it goes. I am in no hurry one way or the other.
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Our family was terrorized by Homeland Security. Read all about it here: http://www.jmwagner.com/ and http://www.burtw.com/ Any donations to help us recover from the $300,000 in legal fees and forced donations to the Federal Asset Forfeiture slush fund are greatly appreciated!
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mayax (OP)
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December 17, 2013, 05:17:50 AM |
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I would sell my Bitcoins if I would had NOW.
mayax, eight posts, all FUD, all the time. I came with official announcement link and with my opinion too. You are not forced to read my posts. i am sure you have much more experience than I so you don't have to believe a "newbie" ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) Go and buy Bitcoin... ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) Yes, you come with an old link, and claim to have a new announcement. Read a link from China, please: http://www.yicai.com/news/2013/12/3234984.html
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Apeter
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December 17, 2013, 05:21:40 AM |
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I would sell my Bitcoins if I would had NOW.
mayax, eight posts, all FUD, all the time. I came with official announcement link and with my opinion too. You are not forced to read my posts. i am sure you have much more experience than I so you don't have to believe a "newbie" ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) Go and buy Bitcoin... ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) Yes, you come with an old link, and claim to have a new announcement. Read a link from China, please: http://www.yicai.com/news/2013/12/3234984.html《第一财经日报》记者独家获悉....... Translation by myself: From a secret source, the reporters from 《The First Financial News》 exclusively knows that..... Sounds reliable lol. Oh, and by the way, this Chinese news was published 2013-12-17 06:03 Chinese time (UTC +8). The Coindesk "secret source" news was published on December 16, 2013 at 18:00 GMT (UTC). The Chinese news is 2 hours late, and it called that exclusive coverage lol.
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mayax (OP)
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December 17, 2013, 05:30:29 AM |
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You miss an important aspect. All the websites are PRO Bitcoin. Why would they fabricate a such news? ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) Also, you do not mention about the first China bank announcement. Is this a lie too? I recommend you to wait for 1-2 days.
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Netgoat
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December 17, 2013, 05:35:58 AM |
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You miss an important aspect. All the websites are PRO Bitcoin. Why would they fabricate a such news? ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) Also, you do not mention about the first China bank announcement. Is this a lie too? I recommend you to wait for 1-2 days. The announcement on Dec 5 has been discussed thoroughly, and it is nothing new.
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mayax (OP)
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December 17, 2013, 05:39:40 AM |
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This is about a second announcement. The first one was clearly but the second one will leave no doubt. All the Bitcoin chinese exchangers will close their business until Jan 30(one month from now).
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