CEO of BTC China speaking to CNBC

[esse83]

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.

[Ng93]

Trollololo

[Mjbmonetarymetals]

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  

[Bitcoinpro]

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

[CIYAM]

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  

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

[boogi]

haha, yep wait till the bottom to say dont panic.

[spin]

Anybody got a transcript of this?

[EvilPanda]

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

[Bitcoinpro]

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  

[Elokane]

Don't panic BECAUSE.. ?

[Mjbmonetarymetals]

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

[btbrae]

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.

[Kazimir]

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

[Bitcoinpro]

Don't panic BECAUSE.. ?

tomorrow the price will be 2000

[Mjbmonetarymetals]

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  ,

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 ?

[Mjbmonetarymetals]

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  

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

Ok got it . Thanks

[takagari]

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

[SoNic67]

http://www.nytimes.com/2013/12/19/business/international/china-bitcoin-exchange-ends-renminbi-deposits.html?_r=2&

[techstorm2]

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  

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!

 

[Umworpol]

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 !