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Author Topic: CEO of BTC China speaking to CNBC  (Read 8956 times)
esse83 (OP)
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December 18, 2013, 12:24:26 PM
 #1

http://video.cnbc.com/gallery/?video=3000229171&__source=yahoo|headline|other|video|&par=yahoo

Bobby Lee, CEO of BTC China, says there is no need to panic after Chinese authorities blocked the country's Bitcoin exchanges from accepting new cash inflows.

“Bitcoin is wild and crazy investment that I’m diversifying out of all the time,” - Gavin Andresen
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December 18, 2013, 12:33:26 PM
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December 18, 2013, 12:33:58 PM
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So do exchanges in china need to use 3rd party payment providers ? Or can banks deal directly with exchanges  ... A clear yes or no would be useful  Huh

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December 18, 2013, 12:34:31 PM
 #4

dont panic you just sold all your coin to him and his mates Wink

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December 18, 2013, 12:34:51 PM
 #5

So do exchanges in china need to use 3rd party payment providers ? Or can banks deal directly with exchanges  ... A clear yes or no would be useful  Huh

Banks deal directly with the exchanges, however, currently you can only withdraw not deposit.

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boogi
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December 18, 2013, 12:37:56 PM
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haha, yep wait till the bottom to say dont panic.
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December 18, 2013, 12:45:45 PM
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Anybody got a transcript of this?

If you liked this post buy me a beer.  Beers are quite cheap where I live!
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December 18, 2013, 12:46:09 PM
 #8

Next big announcement? "Bobby Lee: stay calm folks and wait here, i'll be right back!"

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December 18, 2013, 12:51:55 PM
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haha, yep wait till the bottom to say dont panic.

still the greatest performing asset in human history what have you got to say about that  Smiley


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December 18, 2013, 01:04:49 PM
 #10

Don't panic BECAUSE.. ? Smiley

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December 18, 2013, 01:05:44 PM
 #11

Why did he say he needs to use 3rd party payment processors ?

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December 18, 2013, 01:21:40 PM
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It really annoys me when people start all their sentences with "So...". In English you BARELY EVER start a sentence with "So..." and it's even rarer to use it to answer a direct question. I mean WTF? I thought this was a quick fad but it's been going on long enough and we have to put a stop to it. I'm starting a committee or something. It drives me fucking nuts. Learn to English.
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December 18, 2013, 01:23:38 PM
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If I were Bobby Lee, I would be more than happy to buy ALL chinese bitcoins at 2,000 - 2,500 CNY, sell some at EUR or USD exchanges, and retire early Smiley

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December 18, 2013, 01:24:07 PM
 #14

Don't panic BECAUSE.. ? Smiley

tomorrow the price will be 2000

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December 18, 2013, 01:29:21 PM
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It really annoys me when people start all their sentences with "So...". In English you BARELY EVER start a sentence with "So..." and it's even rarer to use it to answer a direct question. I mean WTF? I thought this was a quick fad but it's been going on long enough and we have to put a stop to it. I'm starting a committee or something. It drives me fucking nuts. Learn to English.

I'm sorry that annoys you  Shocked ,

Ok........

So why did bobby lee say (35 seconds in) that btcchina needs 3rd party payment services, my understanding was banks can work directly with exchanges in china ?

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December 18, 2013, 01:30:33 PM
 #16

So do exchanges in china need to use 3rd party payment providers ? Or can banks deal directly with exchanges  ... A clear yes or no would be useful  Huh

Banks deal directly with the exchanges, however, currently you can only withdraw not deposit.


Ok got it . Thanks

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December 18, 2013, 01:40:09 PM
 #17

That was fun to watch, as china went to bed and panicked the western world woke up and purchased it all. lol

I've got cash funds coming back, massive refund but not till January, Really is sad I don't have them right now. would of been nice to buy ten coins at $400 Sad
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December 18, 2013, 01:42:23 PM
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http://www.nytimes.com/2013/12/19/business/international/china-bitcoin-exchange-ends-renminbi-deposits.html?_r=2&
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December 18, 2013, 01:45:38 PM
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It really annoys me when people start all their sentences with "So...". In English you BARELY EVER start a sentence with "So..." and it's even rarer to use it to answer a direct question. I mean WTF? I thought this was a quick fad but it's been going on long enough and we have to put a stop to it. I'm starting a committee or something. It drives me fucking nuts. Learn to English.
SO SOrry, SOme of us SOmetimes SO bad at grammar  Sad

Me too, every morning driving to work, every person being interviewed on the radio starts with "SO", AAARRRGGH, this is not the way to start a sentence, where did this come from, its nearly as annoying as the upward inflection which makes every statement sound like a question!

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December 18, 2013, 01:51:00 PM
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It really annoys me when people start all their sentences with "So...". In English you BARELY EVER start a sentence with "So..." and it's even rarer to use it to answer a direct question. I mean WTF? I thought this was a quick fad but it's been going on long enough and we have to put a stop to it. I'm starting a committee or something. It drives me fucking nuts. Learn to English.

I wonder if you know how to speak chinese LOL . world are changing accept it !
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