atp1916
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Activity: 854
Merit: 1000
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April 03, 2014, 06:37:58 PM |
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That's the thing: if all their exchange payment processor accounts are frozen / non-existent.. how are they gonna cash out?
This is why i posture that the worst is mostly behind us. Most if not all of those payment processor entities have already stopped doing business with the exchanges.
There may be some stragglers here and there, but by and large, yesterday was April 15th for all practical purposes.
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Mikcik (OP)
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April 03, 2014, 08:15:01 PM |
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well they can always cash out in dollars or euros on other exchanges and bring the dollars or euros into china...? hm
is there any chinesse, theres a need for more detailed info.
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SirWilliam
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April 03, 2014, 08:24:31 PM |
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Have to agree, the bitcoin community will welcome them back when Bitcoin is much more widely spread and China is much further behind the game. See ya then, guys!
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Beliathon
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April 03, 2014, 10:26:35 PM |
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Have to agree, the bitcoin community will welcome them back when Bitcoin is much more widely spread and China is much further behind the game. See ya then, guys! Yep, and when the majority of Chinese finally jump back on board, we'll see that spike happen all over again. Only next time it won't be temporary. |
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roslinpl
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Activity: 2212
Merit: 1199
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April 03, 2014, 10:36:28 PM |
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In my opinion, we cannot say fu** China!  and just forget about them. (or can we?) What I think is, China did a great job for Bitcoin - and I am sure our friends from China are angry about what their central bank is doing.. We can support them as they did very good job for BTC. With China and USA together + rest of the world Price of BTC was going up and away! Govs are trying to take BTC from us and keep their hands on it ... It cannot happen and we should not give it back to them and their rules and regulations. |
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amspir
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Activity: 112
Merit: 10
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April 03, 2014, 10:36:46 PM |
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My take is that Communist countries are not good markets for Bitcoin.
I disagree. Probably the best market for bitcoin, since no bank would hold your assets, and it's possible to move them without being monitored by a statist government. The problem is just in exchanging in the system outside of monitoring. |
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S4VV4S
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April 03, 2014, 10:38:44 PM |
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My take is that Communist countries are not good markets for Bitcoin.
I disagree. Probably the best market for bitcoin, since no bank would hold your assets, and it's possible to move them without being monitored by a statist government. The problem is just in exchanging in the system outside of monitoring. +1 |
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po1992one
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April 03, 2014, 10:46:49 PM |
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That's the thing: if all their exchange payment processor accounts are frozen / non-existent.. how are they gonna cash out?
Buy goods or services with Bitcoins  |
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S4VV4S
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April 03, 2014, 10:47:47 PM |
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That's the thing: if all their exchange payment processor accounts are frozen / non-existent.. how are they gonna cash out?
Buy goods or services with Bitcoins Nope, they will cash out on another exchange and forge whatever papers required for their bank. Simple! |
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leopard2
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Activity: 1372
Merit: 1014
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April 04, 2014, 12:18:41 AM |
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HAHAHA
in the end it will be ban here ban there, ban everywhere
ban ban ban ban ban ban ban ban ban ban ban
and BTC will be $2000 anyways (because it would be $20 000 without the bans)
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Truth is the new hatespeech.
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fryarminer
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April 04, 2014, 01:10:09 AM |
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what do you think, i sold half of my BTC and put buy back orders at lower values.
It's not wise to sell now. Buy buy buy!!!!!! If people are willing to sell, buy buy buy. Just keep buying. You'll be happy later when bitcoin is valued at $5000 each. |
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CrimePro
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Activity: 4
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April 04, 2014, 02:06:41 AM |
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Im getting tired and confused with the stupid situation in china... whats your take on this...
Russia did banned bitcoin, right? (after the innitial denial and saying it was just a hoax it managed to "break through" as beeing a truth, if im not mistaken?)
My take is that Communist countries are not good markets for Bitcoin. I think Communist countries need BTC to break the rule. But yes, you are right, those countries are not good market. |
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bryant.coleman
Legendary
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Activity: 3682
Merit: 1217
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April 04, 2014, 02:12:37 AM |
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Iceland? they banned bitcoin and allow auroracoin?
Here: According to the Central Bank of Iceland, domestic entities are not allowed to buy bitcoins from foreign entities, as such transactions are considered a capital movement out of the country. Such transactions are illegal due to the capital controls imposed in the country after the collapse of the banking system in 2008 |
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zahra4571
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April 04, 2014, 02:24:54 AM |
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That's the thing: if all their exchange payment processor accounts are frozen / non-existent.. how are they gonna cash out?
This is why i posture that the worst is mostly behind us. Most if not all of those payment processor entities have already stopped doing business with the exchanges.
There may be some stragglers here and there, but by and large, yesterday was April 15th for all practical purposes.
There are still many options like perfect money, webmoney, western union, moneygram, paypal, skrill, ukash and anonymous visa cards and many more. |
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romang
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Activity: 112
Merit: 10
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April 04, 2014, 03:05:49 AM |
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China won't let any good things happen.
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serenitys
Full Member
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Activity: 126
Merit: 101
Be Here Now
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April 04, 2014, 09:19:56 AM |
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You'd think with all of the technological muscle Chinese people have, and the sheer discipline to get things done, that they'd have gotten about fed up already living in the dark ages and kicked communism in its ass...leaders, royalty, permission, fuck that. I KNOW if they can conjure up some craziness to scare housewives in Kentucky, they oughtta be able to rid themselves of communist leaders and crazy psychopathic nutters. I mean shoot back already. It's the 21st fucking century...all these backwards assed tribal arrogant sociopathic regimes - the fuck's wrong with people. Kim jung whatshisface is a punk...seriously. http://f.kulfoto.com/pic/0001/0044/Dz4Uo43226.jpg  |
You say "anti government" like that's a bad thing...
Unfortunate times will bring out the best in good people and the worst in bad people
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descarte
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April 04, 2014, 09:49:21 AM |
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The problem with the chinese is they have very short vision. They panicked too easily and therefore caused upheavals in bitcoin prices and hence causing stability problems and scared for bitcoin investors.
They hold 80% of all bitcoin exchanges and I hope this % can be more evenly distributed.
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thaaanos
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April 04, 2014, 10:16:53 AM |
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The problem with the chinese is they have very short vision. They panicked too easily and therefore caused upheavals in bitcoin prices and hence causing stability problems and scared for bitcoin investors.
They hold 80% of all bitcoin exchanges and I hope this % can be more evenly distributed.
The problem with the chinese is that they suck up whatever trash the west sells them every time to balance the trade, opium, bonds, and now bitcoin. I wonder when they will say enough, is enough, No wonder they buy gold like crazy |
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