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Author Topic: BREAKING NEWS. BANK ACCOUNTS OFFICIALLY BANNED ON APRIL 15 (BTCTRADE)  (Read 1567 times)
y3804 (OP)
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April 10, 2014, 03:11:58 AM
Last edit: April 10, 2014, 03:52:10 AM by y3804
 #1

http://www.btctrade.com/html/gonggao/0410.html

http://www.weibo.com/3336642870/AF1blES90
(Thanks Yomofo for the weibo link)

Quote
About BtcTrade pause bank card recharge business in April 15 announcement

Dear BtcTrade Bitcoin users and the majority of fans:

We hold a very heavy heart that publish this announcement, BtcTrade just received a phone call to the company Bank Agricultural Bank of China branch in Hangzhou Science and Technology City, requiring Division I April 15 to stop using company accounts settlement bitcoin related business, such as the Overdue stop, will freeze the company's bank account on April 15.

Here, BtcTrade have to decide on at 0:00 on April 15, 2014 after stopping treatment yuan recharge business transactions to cash temporarily affected. BtcTrade since the beginning of the on-line positioning in the global market, we have conducted company registered in mainland China, Hong Kong, Japan, the United States and other places. Recent BtcTrade will open dollar business, while Japanese stations now on-line operations, the new version will also be on-line April 15. We will announce the short term through the cold wallet address, 100% margin of openness, ensure that the platform is not involved in any transaction, and fully guarantee the safety of users of funds, please oversight.

  We are an easy team, the official carrier of the year we have been diligently as we build a simple, convenient and secure trading platform, is not involved in any transaction, there is no on-line leverage, short selling and other additional services, Team members just hope that through their own efforts to push a little bit bitcoin process. We want to say: passing madness continues into the distance, we firmly believe that the future is bright BtcTrade future Bitcoin immeasurable!
 
Bitcoin transaction network (BtcTrade.com)
2014 Thursday, April 10 

BTW, BTCTrade is a very small volume exchange. This crash is nothing compared to the gigantic dump we'll witness when BTCChina and Huobi release their own statements.
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precrime3
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April 10, 2014, 03:12:45 AM
 #2


Yeah can't read Chinese... On phone so I can't copy and paste into translate :/

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April 10, 2014, 03:15:01 AM
 #3

Excellent

seriouscoin
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April 10, 2014, 03:18:24 AM
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only idiots are surprised. This has already been known for some times. Bitcoin doesnt need China or Russia or North Korea...

Please use some common sense ppl.
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April 10, 2014, 03:19:56 AM
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only idiots are surprised. This has already been known for some times. Bitcoin doesnt need China or Russia or North Korea...

Please use some common sense ppl.


Bur they need us... Also it never hurt to have China one of the biggest economic superpowers, supporting bitcoin. Lets just see what happens on the 15th now, maybe panic sell on the 14th?

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April 10, 2014, 03:23:44 AM
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We will announce the short term through the cold wallet address, 100% margin of openness, ensure that the platform is not involved in any transaction, and fully guarantee the safety of users of funds, please oversight

I like that they have a plan in place.
y3804 (OP)
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April 10, 2014, 03:24:57 AM
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We will announce the short term through the cold wallet address, 100% margin of openness, ensure that the platform is not involved in any transaction, and fully guarantee the safety of users of funds, please oversight

I like that they have a plan in place.

They all have plans. OKCoin, Huobi, BTCTrade and BTCChina will all have their offshore operations running on April 15.

Edit: Mega dump on Huobi.
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April 10, 2014, 03:28:55 AM
 #8

I like that how Chinese exchange didnt just close down after receiving the order. In stead they announce the notice and let trading going on....

Simple tactics to buy low from panic sellers.

Mean while they will move their own fund offshore.


If those panic sellers think for a sec.... they would know China is arguably producing largest mining equipment as well as largest mining farms. Those companies dont even use Chinese exchanges...
y3804 (OP)
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April 10, 2014, 03:32:49 AM
 #9

Huge rally on Huobi. Someone is scooping up all the cheap coins.

Predictions on the next 24h?

I mean, probably only 2% of the traders saw the announce. Watch what happens when the rest check the news. I'll buy below 400.

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April 10, 2014, 03:44:41 AM
 #10

http://www.weibo.com/3336642870/AF1blES90

y3804 (OP)
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April 10, 2014, 04:05:13 AM
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We're heading sub $380 before next week.

Guess what happens when Huobi and BTCChina announce that you can't withdraw RMB after April 15.
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April 10, 2014, 05:13:03 AM
 #12

v scared, i bought at $418 but i think i will buy more in the 300's .
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April 10, 2014, 06:36:50 AM
 #13

We're heading sub $380 before next week.

Guess what happens when Huobi and BTCChina announce that you can't withdraw RMB after April 15.

They will have to buy Bitcoin to withdraw  Grin

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