baggage (OP)
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February 15, 2014, 04:45:40 AM |
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I thought china was done with bitcoin but when I look at Fiatleak they are doing the most business. Anyone with knowledge of what is happening?
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Velaciela
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February 15, 2014, 05:03:26 AM |
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the chinese btc exchanges provide FREE TRADING
so there are so many daily trader... so the trading volume means nothing
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cwfabc
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February 15, 2014, 05:05:31 AM |
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more traders,more stable
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moonriver
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February 15, 2014, 07:12:54 AM |
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the chinese btc exchanges provide FREE TRADING
so there are so many daily trader... so the trading volume means nothing
actually it means a lot. transaction fee doesn't affect volume a lot. will you have much more transactions if the exchange you use is fee free?
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zhaojinqqq
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February 15, 2014, 07:21:43 AM |
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Yes. we are buying bitcoin because the price is low.
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LightningFire
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February 15, 2014, 08:16:02 AM |
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China never banned bitcoin.
What China banned was preventing banks from exchanging bitcoin. People can still fund and withdrawal from exchanges to banks. Chinese Banks wanted to start accepting bitcoin as a currency, similar to if you walked into a US bank with some Canadian dollars and wanted to exchange them - they would let you.
The reason Chinese banks wanted bitcoin was because bitcoin would suit the Chinese economy. Their modes of payment are much different than in other parts of the world.
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franky1
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February 15, 2014, 09:05:30 AM |
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China never banned bitcoin.
What China banned was preventing banks from exchanging bitcoin. People can still fund and withdrawal from exchanges to banks. Chinese Banks wanted to start accepting bitcoin as a currency, similar to if you walked into a US bank with some Canadian dollars and wanted to exchange them - they would let you.
The reason Chinese banks wanted bitcoin was because bitcoin would suit the Chinese economy. Their modes of payment are much different than in other parts of the world.
yay, finally people are looking beyond the shroud of misinformation from media, and truly understanding what laws have changed and not. this is the same for russia too. if governments truly were to ban exchanging currencies that were not its own legal tender the first you'll see of it is the bureau de change shops close for business. the main bit that countries are trying to do is protect their legal tender from being replaced. but they are not stopping people from using other currencies alongside.
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I DO NOT TRADE OR ACT AS ESCROW ON THIS FORUM EVER. Please do your own research & respect what is written here as both opinion & information gleaned from experience. many people replying with insults but no on-topic content substance, automatically are 'facepalmed' and yawned at
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Siegfried
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February 15, 2014, 09:33:52 AM |
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More people learning about bitcoin and buying.
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Kazimir
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February 15, 2014, 09:57:40 AM |
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China never banned bitcoin.
What China banned was preventing banks from exchanging bitcoin. People can still fund and withdrawal from exchanges to banks. Chinese Banks wanted to start accepting bitcoin as a currency, similar to if you walked into a US bank with some Canadian dollars and wanted to exchange them - they would let you.
The reason Chinese banks wanted bitcoin was because bitcoin would suit the Chinese economy. Their modes of payment are much different than in other parts of the world. This. Here's in interview with Bobby Lee of BTCChina explaining about Bitcoin's future in China: http://www.cryptocoinsnews.com/2014/02/12/future-bitcoin-china-bobby-lee-speaks/China is definitely still in the loop. It's just that the craze from November was tempered a bit, that's all.
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roslinpl
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February 15, 2014, 11:59:43 PM |
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more traders,more stable
more traders,more stable
Ohh I seems noooo ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) More traders more chaos ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) just imagine how wall will change if 1 000 000 will trade.
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p2pbucks
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February 16, 2014, 12:43:52 AM |
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dont be fooled by media. we are still in global BTC biz loop , welcome to china ![Grin](https://bitcointalk.org/Smileys/default/grin.gif)
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CRServers
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February 16, 2014, 12:50:58 AM |
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Hello to all, The FiatLeak site gives a good graphical idea of where the BTC's are going: http://fiatleak.com/Regards, Rodrigo
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tokeweed
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Life, Love and Laughter...
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February 16, 2014, 03:01:38 AM |
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china could bring bitcoin to a whole new level volume-wise. china is where the action is.
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R |
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changyong75
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February 16, 2014, 03:22:40 AM |
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Don't count on China. BTC is actually banned as money by informal threat from the authority. You can only buy or sell bitcoin as commodity in exchanges. Any trend making bitcoin as a competitor to RMB will bring out more serious attacks.
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