Anyone wants to set a protest in DC against Chinese government

[xselam1988]

Anyone wants to set a protest in DC against Chinese government freezing all Chinese bitcoin trade platforms?
Chinese government just ceased all bank from trading with all bitcoin/LTC/etc related platforms. ALL PLAYERS HAS TO WITHDRAW before Chinese the new year.
They cut the price to almost 1/3
Now here is no way for chinese not to sell.
After chinese new year in January. These platforms will have no way to cash out.
so there will be no chinese way to sell bitcoins. And remember they have the Great Firewall. Mtgox is already banned in china.


3505 International Pl NW
Washington, DC 20008

[techstorm2]

 

DC?

[xselam1988]

DC?

where the Chinese embassy is.

[aynstein]

can i pay a professional protester to go in my place?

[cbeast]

There will be blowback. The news about the crash being caused by China will be bigger than the Chinese rally a month ago.

[xselam1988]

There will be blowback. The news about the crash being caused by China will be bigger than the Chinese rally a month ago.

chinese government ceased all bank from trading with all bitcoin/LTC/etc related platforms. ALL PLAYERS HAS TO WITHDRAW before Chinese the new year.

[etnlona]

what's this about?

[malevolent]

Don't blame the Chinese government, blame the panick sellers and the weak hands. Now and in the coming days there will be good buying opportunities before the usual January/February rally.

[jarhed]

can i pay a professional protester to go in my place?

+1

[xselam1988]

Don't blame the Chinese government, blame the panick sellers and the weak hands. Now and in the coming days there will be good buying opportunities before the usual January/February rally.

there is no way for chinese not to sell.
after chinese new year in January. these platforms will have no way to cash out.
so there will be no chinese way to sell bitcoins. And remember they have the Great Firewall. Mtgox is already banned in china.

[cowandtea]

Don't blame the Chinese government, blame the panick sellers and the weak hands. Now and in the coming days there will be good buying opportunities before the usual January/February rally.

there is no way for chinese not to sell.
after chinese new year in January. these platforms will have no way to cash out.
so there will be no chinese way to sell bitcoins. And remember they have the Great Firewall. Mtgox is already banned in china.

What do you mean? I though they still allow withdrawal from website but not payment?

[fronti]

There will be blowback. The news about the crash being caused by China will be bigger than the Chinese rally a month ago.

only no news are bad news

[BitChick]

Someone just needs to tell the Chinese government that by banning Bitcoin they are losing the chance to become the next great world power.  They need to encourage everyone to purchase them or lose out on this opportunity.

I thought by the fact that they seemed to be allowing it that they had already figured this out?  I guess the fact that the banks were getting involved just scared them. 

Hopefully they loosen some of the restrictions.  I just wish it was more clear what is really happening. 

[psyclon]

Someone just needs to tell the Chinese government that by banning Bitcoin they are losing the chance to become the next great world power.  They need to encourage everyone to purchase them or lose out on this opportunity.

I thought by the fact that they seemed to be allowing it that they had already figured this out?  I guess the fact that the banks were getting involved just scared them.  

Hopefully they loosen some of the restrictions.  I just wish it was more clear what is really happening.  

yeah sure. you must be blonde.

[johnyj]

They can use localbitcoins.com or OTC, that's the right way to do bitcoin trading IMO.

[xselam1988]

They can use localbitcoins.com or OTC, that's the right way to do bitcoin trading IMO.

but doing this will definitely hurt the price, which hurts us.
yeah there are some cheap coin to buy, but I assume that we have a lot of coins in hand.

[Kenshin]

can i pay a professional protester to go in my place?

+1

+2  How much do we have to pay? Can we get a group discount?

[Kenshin]

Someone just needs to tell the Chinese government that by banning Bitcoin they are losing the chance to become the next great world power.  They need to encourage everyone to purchase them or lose out on this opportunity.

I thought by the fact that they seemed to be allowing it that they had already figured this out?  I guess the fact that the banks were getting involved just scared them. 

Hopefully they loosen some of the restrictions.  I just wish it was more clear what is really happening. 

Maybe you can write an email to the Chinese Government, and tell them they are missing out.

[Ludwig Von Mises]

I live in China, and trade bitcoin OTC, localbitcoins, and using btcchina.

I think this is a false rumor:  I have seen nothing to indicate that people are required to withdraw their cash by Chinese New Year.  In fact, the PBOC  (China central bank) explicitly said people can continue to trade bitcoin, but they are treating it as a "commodity" rather than a "currency".  This is actually a good thing, because use of alternative currencies is not allowed in China.

You can still buy bitcoin as usual on btcchina, but selling (convert to Chinese Yuan RMB) is "temporarily" suspended.   Note they explicitly say they will provide "other ways of recharging."  (see below)

My guess is, the suspension will be lifted in a few days, after the rules are clarified, and it will be back to normal.  I think ultimately China will go for the USA model:  try to force all trades through registered exchanges that require proof of identity and use of banks.  This will allow them to track and regulate money exchange.

If I am wrong, and bank transfers are not allowed, then it will simply force bitcoin trade underground.  It will not stop bitcoin.  People like me will make a premium selling OTC and localbitcoins to Chinese who are desperate to buy bitcoin 

The biggest users of bitcoin in China are rich guys who want to move or hide large quantities of RMB.  Bitcoin is the perfect vehicle for them, but they will use OTC trades for anonymity, anyway.

Governments and banksters are afraid of what they don't understand and can't control.  They can fight bitcoin, but bitcoin is bigger than governments, and will continue to grow regardless.

--
Here is the official notice on BTC China, and translation:

亲爱的各位比特币中国(BTC China)用户：由于众所周知的原因，比特币中国(BTC China)不得不暂时停止人民币充值功能，比特币充值、比特币提现和人民币提现不受影响，比特币中国(BTC China)会继续运营。请大家继续关注我们的主页，我们会尽快提供其他的充值途径。给您带来的不便，我们在此表达深深的歉意。比特币中国(BTC China)2013.12.18

Dear bitcoin China (BTC China) users: due to well-known reasons, bitcoin China (BTC China) had to temporarily freeze the recharging function, bitcoin charging, coins and currency are not affected, bitcoin China (BTC China) will continue to operate. Please continue to focus on our home page, we will provide other means of recharging. To bring you any inconvenience, we express profound apology. Bitcoin China (BTC China) 2013.12.18

Anyone wants to set a protest in DC against Chinese government freezing all Chinese bitcoin trade platforms?
Chinese government just ceased all bank from trading with all bitcoin/LTC/etc related platforms. ALL PLAYERS HAS TO WITHDRAW before Chinese the new year.
They cut the price to almost 1/3
Now here is no way for chinese not to sell.
After chinese new year in January. These platforms will have no way to cash out.
so there will be no chinese way to sell bitcoins. And remember they have the Great Firewall. Mtgox is already banned in china.


3505 International Pl NW
Washington, DC 20008

[pletharoe]

A few points to mention (I work a lot in China, so have a slightly better idea of the government's mindset than most people on this forum).

1. Do you really think the Chinese government cares about a tiny protest in a far off land?

2. Apart from the Chinese government, who (who actually matters) would hear about your protest?

3. [q]Someone just needs to tell the Chinese government that by banning Bitcoin they are losing the chance to become the next great world power.  They need to encourage everyone to purchase them or lose out on this opportunity.[/q]
By effectively banning BTC, they are saying that they can "beat" BTC.  China is all about control, and they can see that BTC could mean they lose control of their currency.  That strikes fear into the hearts of the leaders.  Besides, through currency manipulation etc. China has a very real chance of being the next great world power.

I don't want to spread FUD, but this kind of move is exactly the way to end BTC.  It will just take one or two major governments to follow China's example and it'll all be over.  To those who say that it's impossible to regulate BTC, I say "you're right".   However it's very easy to regulate transactions using BTC as well as financial exchanges between banks and BTC exchange companies.