Why is China Going Up Right Now?

[reb0rn21]

I don`t get it....
China just want to regulate deposits/withdrawal same as Bitstamp and MtGox...

Is there anything stoping anyone in china do deposit CNY to BTC China over a bank wire if the one is verified there?

If not, they would just kill all BTC exchanges there

[seriouscoin]

I don`t get it....
China just want to regulate deposits/withdrawal same as Bitstamp and MtGox...

Is there anything stoping anyone in china do deposit CNY to BTC China over a bank wire if the one is verified there?

If not, they would just kill all BTC exchanges there

Gee you still dont get the statements? NO BANKS wiring to the exchange whatsoever.

And b4 you ask another silly question, Bobby cant accept your stash of cash either unless he wants to go to jail.

However, the statement leave private deals (person to person) open for interpretation.... meaning if they dont like you and think you're doing some thing harmful (funding protest....etc) they can put you in jail .

[reb0rn21]

For me it looks like someone wana make panic........ in a week for sure we gona see bank wire with verified documents as valid.. i bet on it

If they wanted to kill BTC there they would just close all exchanges

[Argwai96]

For me it looks like someone wana make panic........ in a week for sure we gona see bank wire with verified documents as valid.. i bet on it

If they wanted to kill BTC there they would just close all exchanges

maybe they dont care about killing btc, only making it difficult to move money and control it

[seriouscoin]

For me it looks like someone wana make panic........ in a week for sure we gona see bank wire with verified documents as valid.. i bet on it

If they wanted to kill BTC there they would just close all exchanges

Then whats their excuse for closing the exchange? You dont understand PRC at all or what?

They dont want blatantly claim ppl's right, especially with something like BTC where the whole world is watching. They already limited BTC as commodity. What they did is a smart way of "banning" btc. BTC market will be so small in China, it wont be good for capital leaking.

Its all about capital control.

[seriouscoin]

For me it looks like someone wana make panic........ in a week for sure we gona see bank wire with verified documents as valid.. i bet on it

If they wanted to kill BTC there they would just close all exchanges

maybe they dont care about killing btc, only making it difficult to move money and control it

+1 .... why kill something that you can disable its usefulness ?

[reb0rn21]

I still think you all sold ~400-500 and do pure FUD, sorry

China communist are full in $ they need to hide, some of them are long ago in BTC, its just internal fight, as someone sad the rest of communist retards are waiting for bribe, my 5c......

Also they can control wire transfer so no big deal (even tax it as they like), anonymous deposits and withdrawal is different thing..

[accord01]

For me it looks like someone wana make panic........ in a week for sure we gona see bank wire with verified documents as valid.. i bet on it

If they wanted to kill BTC there they would just close all exchanges

Then whats their excuse for closing the exchange? You dont understand PRC at all or what?

They dont want blatantly claim ppl's right, especially with something like BTC where the whole world is watching. They already limited BTC as commodity. What they did is a smart way of "banning" btc. BTC market will be so small in China, it wont be good for capital leaking.

Its all about capital control.

+1, this is a good assessment of how the government in China works.  Just watch what BTCchina is in for....

[seriouscoin]

I still think you all sold ~400-500 and do pure FUD, sorry

China communist are full in $ they need to hide, some of them are long ago in BTC, its just internal fight, as someone sad the rest of communist retards are waiting for bribe, my 5c......

Also they can control wire transfer so no big deal (even tax it as they like), anonymous deposits and withdrawal is different thing..

LOL i only trade 15% of my stash.... i'm a bull

But i'm not naive or delusional. I can see why and what PRC is doing. Why dont you live there and understand the country b4 making any conclusion?

[reb0rn21]

Look it like this:

1. China ban deposit, kill all exchanges so result is:
- all BTC trading is done in person so no one knows about $-> BTC transfer, they can not ban BTC transfer, so they lose ALL control they could have over controlling deposit/withdrawal over valid exchange (deposit is done over wire transfer which is bank of china controlled)

For my point of view if they have brains, they would control as match as they can, also my belief is most communist which have power look in BTC as something they "need"

Also as far I know none china exchange had option for wire transfer?? and why... was it just not what ppl wanted when they can deposit over a debit card or just it was impossible in past to do?

[Argwai96]

Look it like this:

1. China ban deposit, kill all exchanges so result is:
- all BTC trading is done in person so no one knows about $-> BTC transfer, they can not ban BTC transfer, so they lose ALL control they could have over controlling deposit/withdrawal over valid exchange (deposit is done over wire transfer which is bank of china controlled)

For my point of view if they have brains, they would control as match as they can, also my belief is most communist which have power look in BTC as something they "need"

Also as far I know none china exchange had option for wire transfer?? and why... was it just not what ppl wanted when they can deposit over a debit card or just it was impossible in past to do?

last i heard btcchina, okcoin, etc weren't accepting ANY deposits. doesn't that include bank wire?

[reb0rn21]

last i heard btcchina, okcoin, etc weren't accepting ANY deposits. doesn't that include bank wire?

And thay had wiretransfer at all?

China ban 3rd party usage, wire transfer is done over bank of china which is not 3rd party... thet`s why I ask

[favelle75]

Yup.... all money wiring from/to HK (without business license/contract) is very limited in value. I had to use some third party service to move 5 figures USD from HK to mainland and it cost quite abit.

You know, it's too bad there's no way to move money easily from country to country in minutes for pennies...  Somebody should invent that.

LOL...I see what you did there....

[seriouscoin]

last i heard btcchina, okcoin, etc weren't accepting ANY deposits. doesn't that include bank wire?

And thay had wiretransfer at all?

China ban 3rd party usage, wire transfer is done over bank of china which is not 3rd party... thet`s why I ask

Stop asking the same question over and over.... GO read the damn announcement BY the EXCHANGEs

My patience is running out with stupid spoon fed attitude.

[reb0rn21]

last i heard btcchina, okcoin, etc weren't accepting ANY deposits. doesn't that include bank wire?

And thay had wiretransfer at all?

China ban 3rd party usage, wire transfer is done over bank of china which is not 3rd party... thet`s why I ask

Stop asking the same question over and over.... GO read the damn announcement BY the EXCHANGEs

My patience is running out with stupid spoon fed attitude.

Sure i did read... and now I ask why the anger, butt hurt selling at 400$
get a grip man......

So no exchange did wire transfer deposits in past, and you all know its not allowed and that it will NEVER be! lol

[seriouscoin]

last i heard btcchina, okcoin, etc weren't accepting ANY deposits. doesn't that include bank wire?

And thay had wiretransfer at all?

China ban 3rd party usage, wire transfer is done over bank of china which is not 3rd party... thet`s why I ask

Stop asking the same question over and over.... GO read the damn announcement BY the EXCHANGEs

My patience is running out with stupid spoon fed attitude.

Sure i did read... and now I ask why the anger, butt hurt selling at 400$
get a grip man......

So no exchange did wire transfer deposits in past, and you all know its not allowed and that it will NEVER be! lol

Anyone with less than 1/2 brain would figure out the answer to that question.... by asking themselves .... wouldnt Bobby Lee think about this first?

Welcome to my ignore,

[aminorex]

Many reports of wire deposits to huobi and others.  You can tell which exchanges can take deposits just by comparing CNY prices on btckan.  Bobby Lee needs to grease the right palm.  Tricky to do that, since greasing the wrong one gets you a bullet.

[reb0rn21]

last i heard btcchina, okcoin, etc weren't accepting ANY deposits. doesn't that include bank wire?

And thay had wiretransfer at all?

China ban 3rd party usage, wire transfer is done over bank of china which is not 3rd party... thet`s why I ask

Stop asking the same question over and over.... GO read the damn announcement BY the EXCHANGEs

My patience is running out with stupid spoon fed attitude.

Sure i did read... and now I ask why the anger, butt hurt selling at 400$
get a grip man......

So no exchange did wire transfer deposits in past, and you all know its not allowed and that it will NEVER be! lol

Anyone with less than 1/2 brain would figure out the answer to that question.... by asking themselves .... wouldnt Bobby Lee think about this first?

Welcome to my ignore,

We don`t final decesion, last info we had is not even final...... so still I ask you why you try to kill BTC price

[reb0rn21]

Many reports of wire deposits to huobi and others.  You can tell which exchanges can take deposits just by comparing CNY prices on btckan.  Bobby Lee needs to grease the right palm.  Tricky to do that, since greasing the wrong one gets you a bullet.

shhhhhhhh

Some ppl still crave for 100$ BTC