AnhBen (OP)
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January 31, 2014, 08:24:11 AM |
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BTCIndia
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January 31, 2014, 08:25:36 AM |
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You kidding me? I don't believe this post. As per Central banks directive, BTC China was suppose to halt withdrawal and deposit by Jan end anyhow.
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He's Nick Sazbo from Washington. I've my answer. Or Hal? :O
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empoweoqwj
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January 31, 2014, 08:32:02 AM |
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You kidding me? I don't believe this post. As per Central banks directive, BTC China was suppose to halt withdrawal and deposit by Jan end anyhow.
I have my doubts how long this will last. Sounds a bit desperate to me. The CEO previously turned this option down, but has now chosen it as the way forward. Why? Because he has not other way forward.
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CoinCidental
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Activity: 1316
Merit: 1000
Si vis pacem, para bellum
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January 31, 2014, 08:40:36 AM |
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it seems to be true ,the chinese are allowed to buy btc again this should be good for anyone who didnt sell in a panic
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empoweoqwj
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January 31, 2014, 08:43:27 AM |
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it seems to be true ,the chinese are allowed to buy btc again this should be good for anyone who didnt sell in a panic Please read what the BTC China CEO had to say about it before declaring "Chinese are allowed to buy btc again" - he's just using a workaround to keep his business going. It could last 24 hrs, it could last a month. But I don't think its a long-term solution.
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CoinCidental
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Activity: 1316
Merit: 1000
Si vis pacem, para bellum
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January 31, 2014, 08:49:41 AM |
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thats even better ,if theres a limited timeframe the chinese will buy like crazy and drive up the price again
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empoweoqwj
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January 31, 2014, 08:51:43 AM |
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thats even better ,if theres a limited timeframe the chinese will buy like crazy and drive up the price again
lol. maybe. bubbles tend to end in tears though. let's see how it plays out over the next few weeks.
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cr1776
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Merit: 1304
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January 31, 2014, 08:57:44 AM |
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thats even better ,if theres a limited timeframe the chinese will buy like crazy and drive up the price again
lol. maybe. bubbles tend to end in tears though. let's see how it plays out over the next few weeks. I think that there are enough smart people in China who will think that if the government is this scared of bitcoin, there must be some value there. :-)
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oakpacific
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January 31, 2014, 09:00:02 AM |
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Give me a break, It's only BTCChina who suspended bank deposits, other exchanges were taking deposits all the time, Bobby needs to be extra cautious because they are very conspicuous.
And no, no one can stop the Chinese from buying anything, the difficult part is to convince them it is worth buying.
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CoinCidental
Legendary
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Activity: 1316
Merit: 1000
Si vis pacem, para bellum
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January 31, 2014, 09:01:36 AM |
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thats even better ,if theres a limited timeframe the chinese will buy like crazy and drive up the price again
lol. maybe. bubbles tend to end in tears though. let's see how it plays out over the next few weeks. I think that there are enough smart people in China who will think that if the government is this scared of bitcoin, there must be some value there. :-) it might be the government whose buying them smart move crashing the price down to 600 to pick up half price coins
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empoweoqwj
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January 31, 2014, 09:02:47 AM |
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Give me a break, It's only BTCChina who suspended bank deposits, other exchanges were taking deposits all the time, Bobby needs to be extra cautious because they are very conspicuous.
And no, no one can stop the Chinese from buying anything, the difficult part is to convince them it is worth buying.
Really? "As per Central banks directive, BTC China was suppose to halt withdrawal and deposit by Jan end anyhow." is a figment of our collective imagination?
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bryant.coleman
Legendary
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Activity: 3696
Merit: 1217
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January 31, 2014, 09:03:44 AM |
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Don't spread rumors. RMB deposits are gone for good. BTC can survive without it.
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empoweoqwj
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January 31, 2014, 09:05:30 AM |
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thats even better ,if theres a limited timeframe the chinese will buy like crazy and drive up the price again
lol. maybe. bubbles tend to end in tears though. let's see how it plays out over the next few weeks. I think that there are enough smart people in China who will think that if the government is this scared of bitcoin, there must be some value there. :-) it might be the government whose buying them smart move crashing the price down to 600 to pick up half price coins Like the Chinese governments needs to spend its time earning a few millions $ at best. You know the GDP of China right?
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oakpacific
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January 31, 2014, 09:06:02 AM |
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Give me a break, It's only BTCChina who suspended bank deposits, other exchanges were taking deposits all the time, Bobby needs to be extra cautious because they are very conspicuous.
And no, no one can stop the Chinese from buying anything, the difficult part is to convince them it is worth buying.
Really? "As per Central banks directive, BTC China was suppose to halt withdrawal and deposit by Jan end anyhow." is a figment of our collective imagination? Now you ask me, I would say yes. I have been doing bank deposits and withdrawals with Huobi the last month, all is working well.
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CoinCidental
Legendary
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Activity: 1316
Merit: 1000
Si vis pacem, para bellum
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January 31, 2014, 09:06:43 AM |
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BTCIndia
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January 31, 2014, 09:11:21 AM |
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Thanks for updating with google link. I sincere apologize!I wonder, what will be effect on Bitcion price?
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He's Nick Sazbo from Washington. I've my answer. Or Hal? :O
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bryant.coleman
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January 31, 2014, 09:26:20 AM |
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Hmm... CoinDesk and SiliconAngle are covering the news.. so it is quite reliable. What about the RMB withdrawals?
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oakpacific
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January 31, 2014, 10:11:22 AM |
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Hmm... CoinDesk and SiliconAngle are covering the news.. so it is quite reliable. What about the RMB withdrawals? It has always worked, never part of anyone's version of the "ban".
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hilariousandco
Global Moderator
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Join the world-leading crypto sportsbook NOW!
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January 31, 2014, 10:19:58 AM |
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BTC China CEO Bobby Lee told the Wall Street Journal that the exchange started accepting renminbi again on Thursday after studying the PBOC memo and determining that it was legal to accept deposits and transfer money into customer accounts, even though the banks that manage those accounts can’t conduct business in bitcoin Hmm... is he just taking a big risk here, or was the original 'ban' just more FUD?
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oakpacific
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January 31, 2014, 10:43:36 AM |
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BTC China CEO Bobby Lee told the Wall Street Journal that the exchange started accepting renminbi again on Thursday after studying the PBOC memo and determining that it was legal to accept deposits and transfer money into customer accounts, even though the banks that manage those accounts can’t conduct business in bitcoin Hmm... is he just taking a big risk here, or was the original 'ban' just more FUD? It is more like FUD on the Central Bank's part, deliberate ambiguity to freak people out.
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