Largest Chinese Exchange Ordered Bank Shut Down By Apr 18

[findftp]

This is all temporary.

Everyone is hoping so. We need some big news. I am afraid that if there is no positive news about the BTC in the very recent future, then we'll see the exchange rates dropping to $200.

There is one positive thing right now,.. and that's:

THEY ARE ON SALE!!!!!!

can I also blink the font?

[ChuckBuck]

YUP, time to Buy Buy Buy!   

Eager to see where the bottom is.

[byt411]

We have now officially fallen through the $400 mark.
PANIC!
I am offering to buy all your bitcoins @$200, before it's too late!

[s1gs3gv]

This is all temporary.

The market can stay irrational longer than you can stay solvent.

[bryant.coleman]

I bought my coins when BTC was going at $15 a piece. And I am not selling unless BTC reaches that mark again. 

[s1gs3gv]

I bought my coins when BTC was going at $15 a piece. And I am not selling unless BTC reaches that mark again.  

So, you're not a believer in daily mark-to-market accounting then L)L

I'm not trolling when I say 'Spend 'em while they are worth something. The only thing between BTC and zero is hope and hubris.'

[findftp]

I will never sell mine, even when they become near worthless.
Maybe 50% at most, the rest is for my kids.
I'm a permabull and hate the fiat system

[jc01480]

Now I'm craving Chinese food.  Thanks, OP!   

[vnvizow]

I'm Chinese and I agree that they're stupid for pulling that one off

[Phinnaeus Gage]

Wow it's the 47th time the same news is reiterated. It just keeps coming out again and again, and every time it's sell off time.

I'm buying as much as i can, if it drops below 250$ by then i will be 100% in BTC.

TY monkeys for selling as low as 400$ see you again on 5 digits bye bye!

Feels like the 547th time the same news is reiterated.
The price we pay for having had a China Bubble?
Fortunately there is plenty of good news in other countries, and only a limited number of BTC will ever exist. 

Ya you mean  21,000,000,000,000,000 units.  Isn't that a lot? Just saying the scarcity argument has been debunked.

Only X dollar bills have been produced, but (X) X 10 units exists. See what I did there?

[Lauda]

This is all temporary.

Everyone is hoping so. We need some big news. I am afraid that if there is no positive news about the BTC in the very recent future, then we'll see the exchange rates dropping to $200.

I'm fine with that.

[Jcw188]

How much bad news can there be after China news is finally over?  Let's hope that is bottom, around the 15th.

[windpath]

[leopard2]

I hope that this will also cause Chinese ASIC manufacturers to switch from making ASICs to widgets - so that the difficulty can stabilise a bit.

BETTER

no one orders asics anymore due to the dropping price, this will result in excellent profitability in a year when no new miners hit the market

[TTM]

my opinion:
on the 14th a business changes bank account, with no impact on deposits or withdrawals. they then have 4 days to receive any delayed deposits that customers have sent to the old bank account. and move it to the new account. the business has access of both accounts between the 14th and 18th, and as such any customers accidentally depositing to the old account will still be credited to their exchange balance without impact.

summary:
as of the 14th, please use the new bank details for depositing, as the old details wont be accepted after the 18th.

no panic required

It seems you are still pretending this is FUD, right ?

What make you think those alternative bank accounts won't get closed eventually ? ICBC and Agricultural Banks, 2 of Big Four in China, has taken action against Bitcoin exchanges:
http://www.reddit.com/r/BitcoinMarkets/comments/22nyfj/btc_trade_china_april_15th_announcement/

What can be the reason for this extreme hostile manner from banks if it's not the order came from central bank ?

And here is human translation which is much better than your shitty Google or Bing translation: http://www.reddit.com/r/BitcoinMarkets/comments/22o672/huobi_announcement/

[traderman]

What is interesting is that the stock market had it's worst drop today since 2011. Awfully big coincidence me thinks!

[franky1]

It seems you are still pretending this is FUD, right ?

do you bank with china?
do you deposit funds into the chinese bank of those exchanges?

if not, then dont get your pants in a twist. it doesnt affect you.

in america alot of banks are telling people to not deal bitcoins on there account and to use a different bank. this is no different at all.
in america alot of banks are telling people to not deal bitcoins on there account and to use a different bank. this is no different at all.

all that is materially/ physically / in reality happening is that some exchanges are now using commercial banks instead of federal banks..
when bitstamp/mtgox and other US Dollar exchanges had banking issues.. did anyone shout out for 3 months that the sky was falling no..

the only announcement and physical change customers noticed was a change of details for the bank they had to deposit to.

so stop making fear mungering statements that its a big deal, that the news is epic.. its not. in my eyes its just a change of bank details. customers wont be affected.

[wasamata]

Time for China to stand up and overthrow it's control freak of a government who are simply old rich men in suits. They are corrupt, greedy stupid, lazy, fat, murderers- the Chinese government need to FINISH. They take Chinese freedom away with propaganda's commy lies since young children, they blind the Chinese with falsehoods since babies and let them be poor. See, freedom is come for a price you need to earn it and that is to say, China must turn it's guns on it'self, in particular, Beijing must die.

[jonald_fyookball]

This is all temporary.

The market can stay irrational longer than you can stay solvent.

...if you foolishly bought coins on margin.

[Bit_Happy]

I am at a large wide-screen monitor and that looks great.