Bitcoin Forum
November 20, 2017, 07:48:34 AM *
News: Latest stable version of Bitcoin Core: 0.15.1  [Torrent].
 
   Home   Help Search Donate Login Register  
Pages: [1]
  Print  
Author Topic: Chinese Bank Rumors Cause Panic Sale and BTC Price is Going Down  (Read 1460 times)
boy play
Full Member
***
Offline Offline

Activity: 130

123


View Profile
March 27, 2014, 04:41:14 PM
 #1

Quote from:

http://cryptomining-blog.com/1789-chinese-bank-rumors-cause-panic-sale-and-btc-price-is-going-down/
Today the Bitcoin exchange rate started going down again and the reason seems to be some new rumors that the Chinese national bank is going to prohibit the trading of Bitcoins and other cryptos by not allowing banks to service the payments for crypto currency exchanges by ordering all Chinese banks and payment processors to close accounts of Chinese Bitcoin exchanges by April 15th. It seems that this is still just a rumor as there is no official information, though some news services in China are apparently reporting the news and the result is as expected – panic sale. Some of the big Chinese crypto exchanges have reported that they are not aware of any official announcement and it is all just a rumor, but the information in question could just be sent to banks directly, though at the end of last year the central bank has issued official warning about trading of Bitcoins and this has caused panic and significant drop in the price of BTC that had previously hit a record high price. It seems that soon enough we’ll see if this time it was all just a hoax if the price starts to recover back to the normal level or we’ll get to see an official announcement…

LionCoin!May we all be in safe under the guidance of the Lion
1511164114
Hero Member
*
Offline Offline

Posts: 1511164114

View Profile Personal Message (Offline)

Ignore
1511164114
Reply with quote  #2

1511164114
Report to moderator
1511164114
Hero Member
*
Offline Offline

Posts: 1511164114

View Profile Personal Message (Offline)

Ignore
1511164114
Reply with quote  #2

1511164114
Report to moderator
1511164114
Hero Member
*
Offline Offline

Posts: 1511164114

View Profile Personal Message (Offline)

Ignore
1511164114
Reply with quote  #2

1511164114
Report to moderator
Join ICO Now A blockchain platform for effective freelancing
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1511164114
Hero Member
*
Offline Offline

Posts: 1511164114

View Profile Personal Message (Offline)

Ignore
1511164114
Reply with quote  #2

1511164114
Report to moderator
1511164114
Hero Member
*
Offline Offline

Posts: 1511164114

View Profile Personal Message (Offline)

Ignore
1511164114
Reply with quote  #2

1511164114
Report to moderator
boy play
Full Member
***
Offline Offline

Activity: 130

123


View Profile
March 27, 2014, 04:49:51 PM
 #2

I hope just a rumor

LionCoin!May we all be in safe under the guidance of the Lion
bitcool
Legendary
*
Offline Offline

Activity: 1441

Live and enjoy experiments


View Profile
March 27, 2014, 05:13:12 PM
 #3

Most likely a weather balloon, and some well connected individuals making a ton of money on the side. Corrupted to the core.
TraderTimm
Legendary
*
Offline Offline

Activity: 2002



View Profile
March 27, 2014, 08:54:59 PM
 #4

Date Formatting Needed.


fortitudinem multis - catenum regit omnia
howardb
Hero Member
*****
Offline Offline

Activity: 504


View Profile
March 27, 2014, 08:58:15 PM
 #5

This looks like a hoax, but even if it's not, like US prohibition years, the more you ban something, the more people will covet it.
odolvlobo
Legendary
*
Offline Offline

Activity: 1946



View Profile
March 28, 2014, 08:48:58 PM
 #6

The stupid thing about this whole issue is that this is not new news. The PBOC already told banks and payment processors that they weren't allowed to deal in Bitcoin two months ago. That was the whole reason for the drop in price at the beginning of the year.

According to Bobby Lee, CEO of BTCChina, this does not affect him. People continue to be able to move money in and out of the exchanges.


Buy bitcoins with cash from somebody near you: LocalBitcoins
Join an anti-signature campaign: DannyHamilton's ignore list
tins
Hero Member
*****
Offline Offline

Activity: 574


View Profile
March 28, 2014, 11:09:39 PM
 #7

The stupid thing about this whole issue is that this is not new news. The PBOC already told banks and payment processors that they weren't allowed to deal in Bitcoin two months ago. That was the whole reason for the drop in price at the beginning of the year.

According to Bobby Lee, CEO of BTCChina, this does not affect him. People continue to be able to move money in and out of the exchanges.




Amazing how much more the Bitcoin/Chinese news affects the price compared to BTC/U.S. news.

Swordsoffreedom
Hero Member
*****
Offline Offline

Activity: 938


Trumpin it up for a bit


View Profile WWW
March 29, 2014, 07:33:26 AM
 #8

Well news can move markets and I guess hoaxes do as well recalls the Obama was shot news that caused a flash drop then a quick recovery
These long news issues with government involved make it trickier to verify though so we shall wait unfortunately
But if a hoax this is a nice discount price due to markets misreading the information in a sense
Of course this can only be seen retrospectively
digitalninja81
Jr. Member
*
Offline Offline

Activity: 58


View Profile
March 29, 2014, 08:50:33 AM
 #9

I hope just a rumor

I hope so but it even it is a rumor they affect Bitcoin's price and that's not cool
boy play
Full Member
***
Offline Offline

Activity: 130

123


View Profile
March 29, 2014, 10:06:17 AM
 #10

In fact, from the China Market  Is also a good choice  Conducive to the development of bitcoin  Grin

LionCoin!May we all be in safe under the guidance of the Lion
jolipenria
Jr. Member
*
Offline Offline

Activity: 52


View Profile
March 29, 2014, 03:16:15 PM
 #11

The stupid thing about this whole issue is that this is not new news. The PBOC already told banks and payment processors that they weren't allowed to deal in Bitcoin two months ago. That was the whole reason for the drop in price at the beginning of the year.

According to Bobby Lee, CEO of BTCChina, this does not affect him. People continue to be able to move money in and out of the exchanges.




Amazing how much more the Bitcoin/Chinese news affects the price compared to BTC/U.S. news.

I am also surprised to see how China could affect Bitcoin and I think it's not only China but other countires are able to affect it ! It's not good fot BTC to be so dependant on such things as rumors
notthematrix
Hero Member
*****
Offline Offline

Activity: 841


Crypterium- Digital Mobile Cryptobank For Everyone


View Profile
March 29, 2014, 03:32:20 PM
 #12

In the end bitcoin will get more decentralized and stronger because of this.
deceltalized exchages , etc...
for mee this fight is expected , and were bitcoin was build for.
people think in a single point of failure , and heve to get used to that not being there.



░░░░░░░░░░▄▄▄▄▄▄
░░░░░░▄███████████▄
░░░░▄██▀▀░░░░░░░░▀██▄
░░░██▀░░░▄▄▄▄▄▄░░░░▀██
░░██▀░░▄██▀▀▀▀▀░░▄▄
██▀░░██▀░░▄▄▄▄░░▀▀
██▀░░██░░▄██▀▀▀█▄
██░░██░░██▀
██░░▀▀░░██
██░░▄▄░░██
██░░██░░██▄
██▄░░██░░▀██▄▄▄█▀
██▄░░██▄░░▀▀▀▀░░▄▄
░░██▄░░▀██▄▄▄▄▄░░▀▀
░░░██▄░░░▀▀▀▀▀▀░░░░▄██
░░░░▀██▄▄░░░░░░░░▄██▀
░░░░░░▀███████████▀
░░░░░░░░░░▀▀▀▀▀▀


░░░░░░░░░░▄▄▄▄▄▄
░░░░░░▄███████████▄
░░░░▄██▀▀░░░░░░░░▀██▄
░░░██▀░░░▄▄▄▄▄▄░░░░▀██
░░██▀░░▄██▀▀▀▀▀░░▄▄
██▀░░██▀░░▄▄▄▄░░▀▀
██▀░░██░░▄██▀▀▀█▄
██░░██░░██▀
██░░▀▀░░██
██░░▄▄░░██
██░░██░░██▄
██▄░░██░░▀██▄▄▄█▀
██▄░░██▄░░▀▀▀▀░░▄▄
░░██▄░░▀██▄▄▄▄▄░░▀▀
░░░██▄░░░▀▀▀▀▀▀░░░░▄██
░░░░▀██▄▄░░░░░░░░▄██▀
░░░░░░▀███████████▀
░░░░░░░░░░▀▀▀▀▀▀

▀  Twitter
▀  Telegram
▀  Facebook
▀  ANN Thread
▀  Whitepaper
▀  Website
blackvoice
Jr. Member
*
Offline Offline

Activity: 56


View Profile
March 29, 2014, 03:45:49 PM
 #13

I know it's true

I bet it

If I win

can somebody send btc to me

please pm me

Comm: CY5h6q3ckuK4F4pSxrNUK63sxaHoPWiP7T
ShareCoin: SeXNHc5ZQGdE1UYNQptgjD5gte1HNxPhVs
boy play
Full Member
***
Offline Offline

Activity: 130

123


View Profile
March 30, 2014, 08:23:10 AM
 #14

Let us look at the 4.15 Smiley Smiley Smiley Smiley Smiley

LionCoin!May we all be in safe under the guidance of the Lion
caifengxilong
Jr. Member
*
Offline Offline

Activity: 30


View Profile
March 30, 2014, 08:34:58 AM
 #15

这是什么啊

BTC:1Mimtkt9XPdw842V3bbSbz1wRMtycoaqQg
berliston
Jr. Member
*
Offline Offline

Activity: 37


View Profile
March 30, 2014, 11:26:39 AM
 #16

这是什么啊


What's the translation ? Is it "What is that ah"?   When do you mean?
captainblack
Newbie
*
Offline Offline

Activity: 12


View Profile
March 30, 2014, 04:23:04 PM
 #17

usually the more you ban something, the more people will covet it.
Swordsoffreedom
Hero Member
*****
Offline Offline

Activity: 938


Trumpin it up for a bit


View Profile WWW
March 30, 2014, 11:28:02 PM
 #18

usually the more you ban something, the more people will covet it.


True prohibition wasn't very effective, it seems to work in the odd case now and then but Bitcoin doesn't seem to be one of those cases albeit the price is dropping due to decreased demand and market concerns for now so semi related.
Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!