China banks are SHUTTING DOWN BITCOIN related accounts (translation)

[spazzdla]

Sounds like a, do not buy until I get back from my trip.

[y3804]

BTW, Yes, I do believe bank accounts will be closed. But this is just fud

??

Do you still trade on chinese exchanges?

I'm not Chinese. Why would I trade on China exchange??

Tell me more. What happened?

On the OP it says bank accounts closed after April 7 () for 3 major banks? or is it unrelated?

Isn't China Merchants Bank in a partnership with BTCChina? Why does BTCChina deny this info?

[iluvpie60]

fonzie may be a fringe nut and an outlier, but the trend is clear: PBOC does NOT like BTC and will continue to undermine and eventually shutdown bitcoins in China. The writing is on the wall.

This isn't really directed at you, but I agree with you and I feel this needs to be said.


Why do people still say other people are nuts on these forums? So because 95% think something will happen that makes the 5% wrong? Statistically speaking, 95% is way above what is to be considered a good percentage for "Herd Mentality".

So lets just keep going with the "Herd" huh? Is that what these forums are? Everyone stick to the Herd because there's no way we are heading towards a cliff?

Lets never listen to anyone who goes against the herd!

YARGGGGGGGGGG

[leopard2]

HAVENT SOLD AT 1000?

TOO LATE NOW.

Don't fall for FUD, hold, there is lots of good news and in fact Chinese might choose to take their BTC instead of the Yuan on April 15th

[Zule]

why are you replying to a well-known attention whore? 90% of this forum has him on ignore for a good reason

Thank you Sir for encouraging me to do so, I hesitated to put people on ignore.

[ampere9765]

Wow you can really feel the desperation on the part of hodlers

Head up now, it's only money 

[aminorex]

why are you replying to a well-known attention whore? 90% of this forum has him on ignore for a good reason

Thank you Sir for encouraging me to do so, I hesitated to put people on ignore.

That's because you are a person of good will and humane respect for your fellows.  But there are many persons on these fora who seek to destroy you.  They want to use you in order to increase their bitcoin wealth.  They are happy to see you impoverished in order to do so.  They will take every opportunity to confuse or deceive you.  They are sociopaths, and many are criminals.  It's good to point them out when you can.  The gentlemen are the worst of the bunch, because they are the most beguiling.

[Zule]

Oh, nice feature. Topics of ignored ones are grayed out now, Im tempted to add more people.

[ampere9765]

Oh, nice feature. Topics of ignored ones are grayed out now, Im tempted to add more people.

Do it

That's what all open-minded people do. They ignore what they don't want to hear

[YipYip]

To comotard ,fonzie & the other retards

Keep spreading the fud ..I have a limit order at 420 and i would like to get filled

[Zule]

Oh, nice feature. Topics of ignored ones are grayed out now, Im tempted to add more people.

Do it

That's what all open-minded people do. They ignore what they don't want to hear

The boy seems to be in pain caused by the sound. Hes doing it wrong. Im enjoying selective muting, and its cauusing a mild smile(like when taking a dump).

[master-P]

A few million of chinese BTC up for sale soon.

How would they sell their BTC if they can't withdraw fiat from the exchanges? Plus I don't think the Chinese have millions of BTC stored in exchanges. They probably don't even have millions of BTC.

[ampere9765]

fonzie is one of the most entertaining posters on this forum

FACT

[ampere9765]

A few million of chinese BTC up for sale soon.

How would they sell their BTC if they can't withdraw fiat from the exchanges? Plus I don't think the Chinese have millions of BTC stored in exchanges. They probably don't even have millions of BTC.

If fiat channels are truly to be cut off, then trading must be halted and all parties forced to withdraw prior to the deadline stated

And I would not discount the size of Chinese mining operations

[master-P]

A few million of chinese BTC up for sale soon.

How would they sell their BTC if they can't withdraw fiat from the exchanges? Plus I don't think the Chinese have millions of BTC stored in exchanges. They probably don't even have millions of BTC.

If fiat channels are truly to be cut off, then trading must be halted and all parties forced to withdraw prior to the deadline stated

And I would not discount the size of Chinese mining operations

What if most people don't withdraw ahead of time? Could we potentially see another Gox? Were the Chinese mining heavily before the introduction of ASICs? I guess people could still trade BTC locally there even if it's made illegal. And at least some Chinese can travel outside the country to cash their coins no?

[gentacomp]

I think the price should go up...
Because btc cant change to Yuan, it would be harder for underage / small player to change btc to USD. Let say many ptc that have less than 0.2 BTC would be over charged by "tax" to generated in btc/yuan to USD. And theres many people like that using faucet etc cannt change their BTC, let say 100k-500k btc dumped.

Anyway as long they got banned, btc prices would be normal again (less rumour)...

[PredatorZ]

Could somebody tell me, why it´s so difficult to get confirmed information about this China topic?

[ampere9765]

A few million of chinese BTC up for sale soon.

How would they sell their BTC if they can't withdraw fiat from the exchanges? Plus I don't think the Chinese have millions of BTC stored in exchanges. They probably don't even have millions of BTC.

If fiat channels are truly to be cut off, then trading must be halted and all parties forced to withdraw prior to the deadline stated

And I would not discount the size of Chinese mining operations

What if most people don't withdraw ahead of time? Could we potentially see another Gox? Were the Chinese mining heavily before the introduction of ASICs? I guess people could still trade BTC locally there even if it's made illegal. And at least some Chinese can travel outside the country to cash their coins no?

Why would it be anything like Gox? There are no solvency issues. I don't really know much about Chinese mining tbh. Black markets are fine, but they will never cause the demand spikes that we have seen in the past.

[ampere9765]

Could somebody tell me, why it´s so difficult to get confirmed information about this China topic?

That's how China rolls

[UnDerDoG81]

I had Fonzie on ignore too but removed him because sometimes it is too funny how hard he tries to bash on BTC. I dont want miss one of those posts