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Remember that Bitcoin is still beta software. Don't put all of your money into BTC!
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byt411
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April 17, 2014, 05:08:02 PM |
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No one cares about China anymore. So what. The chinese now have other methods to deposit and trade. |
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VolanicEruptor
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April 17, 2014, 05:14:25 PM |
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I agree.. stop beating a dead chinese horse
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RockHound (OP)
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April 17, 2014, 05:16:12 PM |
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No one cares about China anymore. So what. The chinese now have other methods to deposit and trade. +1 Totally agree with you there brother - however, I am interested on the short-term effect this will have on BTC economy. |
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Equate
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April 17, 2014, 05:20:24 PM |
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No one cares about China anymore. So what. The chinese now have other methods to deposit and trade. true , everyday a new thread with China in its title and prices getting more closer to 500 than before |
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bryant.coleman
Legendary
 Offline
Activity: 3654
Merit: 1217
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April 17, 2014, 05:23:02 PM |
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No one cares about China anymore. So what. The chinese now have other methods to deposit and trade.
Exactly. China might be the second largest economy, but we don't need any support from the military dictatorship. Bitcoin does not need China. It is China which needs Bitcoin. |
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RockHound (OP)
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April 17, 2014, 05:27:13 PM |
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No one cares about China anymore. So what. The chinese now have other methods to deposit and trade. true , everyday a new thread with China in its title and prices getting more closer to 500 than before True MyBad! should have posted in Speculation section. Just my business involves me trading BTC and I am sure there are some bitcoiners here looking to acquire at an optimum rate too. |
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VolanicEruptor
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April 17, 2014, 05:40:36 PM |
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I think even the short-term affect of this China BS has diminished. People are simply tired of it, and so it's no longer a factor.
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Beliathon
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April 17, 2014, 06:07:04 PM |
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No one cares about China anymore. So what. The chinese now have other methods to deposit and trade.
This. Exactly. China might be the second largest economy, but we don't need any support from the military dictatorship. You're right, we don't. The funny thing is, sooner or later, Bitcoin will get their support. And everyone else's. Well, maybe not the Amish... Bitcoin does not need China. It is China the entire world which needs Bitcoin. Fixed that for you. |
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franky1
Legendary
Offline
Activity: 4214
Merit: 4470
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April 17, 2014, 06:11:55 PM |
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translation of news.
some banks in china wont deal with bitcoin.
also for the last 4 years
some banks in america wont deal with bitcoin.
some banks in canada wont deal with bitcoin.
some banks in mexico wont deal with bitcoin.
some banks in UK wont deal with bitcoin.
some banks in ireland wont deal with bitcoin.
some banks in france wont deal with bitcoin.
some banks in russia wont deal with bitcoin.
some banks in spain wont deal with bitcoin.
some banks in germany wont deal with bitcoin.
some banks in holland wont deal with bitcoin.
some banks in cyprus wont deal with bitcoin.
some banks in australia wont deal with bitcoin.
are you getting the picture? its not new news, its standard for banks that dont understand new technology to fear it. all that exchanges do is find a better bank.
china is not new, bitinstant had to change banks, bitstamp, btc-e, coinbase, etc etc etc.. its nothing to worry about, its just early ignorance that takes time to overcome. slowly more banks are allowing businesses to set up accounts. so dont worry, its not a big of a deal,
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I DO NOT TRADE OR ACT AS ESCROW ON THIS FORUM EVER.
Please do your own research & respect what is written here as both opinion & information gleaned from experience. many people replying with insults but no on-topic content substance, automatically are 'facepalmed' and yawned at
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RockHound (OP)
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April 17, 2014, 06:29:59 PM |
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good point Frank - well illustrated
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barwizi
Legendary
Offline
Activity: 882
Merit: 1000
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April 18, 2014, 05:39:38 AM |
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translation of news.
some banks in china wont deal with bitcoin.
also for the last 4 years
some banks in america wont deal with bitcoin.
some banks in canada wont deal with bitcoin.
some banks in mexico wont deal with bitcoin.
some banks in UK wont deal with bitcoin.
some banks in ireland wont deal with bitcoin.
some banks in france wont deal with bitcoin.
some banks in russia wont deal with bitcoin.
some banks in spain wont deal with bitcoin.
some banks in germany wont deal with bitcoin.
some banks in holland wont deal with bitcoin.
some banks in cyprus wont deal with bitcoin.
some banks in australia wont deal with bitcoin.
are you getting the picture? its not new news, its standard for banks that dont understand new technology to fear it. all that exchanges do is find a better bank.
china is not new, bitinstant had to change banks, bitstamp, btc-e, coinbase, etc etc etc.. its nothing to worry about, its just early ignorance that takes time to overcome. slowly more banks are allowing businesses to set up accounts. so dont worry, its not a big of a deal,
Been watching your posts, consistant and you dont waste space. Maybe you should be in this Bitcoin Foundation thing. |
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jparsley
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April 18, 2014, 10:15:23 AM |
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No one cares about China anymore. So what. The chinese now have other methods to deposit and trade. this is what they should have been doing |
please unban me.
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mktrader
Member
Offline
Activity: 84
Merit: 10
Hello World!!!
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April 18, 2014, 12:18:12 PM |
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There would likely be many more bitcoin millionaires in future as the btc price climbs to new highs
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Price Poll: bitcointalk.org/index.php?topic=555609
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leopard2
Legendary
Offline
Activity: 1372
Merit: 1014
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April 18, 2014, 12:53:28 PM |
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translation of news.
some banks in china wont deal with bitcoin.
also for the last 4 years
some banks in america wont deal with bitcoin.
some banks in canada wont deal with bitcoin.
some banks in mexico wont deal with bitcoin.
some banks in UK wont deal with bitcoin.
some banks in ireland wont deal with bitcoin.
some banks in france wont deal with bitcoin.
some banks in russia wont deal with bitcoin.
some banks in spain wont deal with bitcoin.
some banks in germany wont deal with bitcoin.
some banks in holland wont deal with bitcoin.
some banks in cyprus wont deal with bitcoin.
some banks in australia wont deal with bitcoin.
are you getting the picture? its not new news, its standard for banks that dont understand new technology to fear it. all that exchanges do is find a better bank.
china is not new, bitinstant had to change banks, bitstamp, btc-e, coinbase, etc etc etc.. its nothing to worry about, its just early ignorance that takes time to overcome. slowly more banks are allowing businesses to set up accounts. so dont worry, its not a big of a deal,
Been watching your posts, consistant and you dont waste space. Maybe you should be in this Bitcoin Foundation thing. Absolutely, franky's posts are brilliant  There are also bank accounts locked and limited all over the place, for all sorts of reasons, majority of people ignore it until shit hits the fan and they are affected themselves Be it tax reasons, you being Russian, the bank being in Cyprus or Iceland, someone with a stolen account pays you without your fault, and many many other reasons besides BTC payments, that can kill your bank account tomorrow! If Chinese had any common sense they would not sell, but buy, with their remaining funds at exchanges because the BTC are safer (not pricewise of course) than numbers on bank accounts. |
Truth is the new hatespeech.
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Lauda
Legendary
Offline
Activity: 2674
Merit: 2965
Terminated.
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April 18, 2014, 01:03:17 PM |
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They will regret it and eventually have to allow accounts dealing with BTC transactions.
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"The Times 03/Jan/2009 Chancellor on brink of second bailout for banks" 😼 Bitcoin Core ( onion) |
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justbtcme
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April 18, 2014, 01:46:49 PM |
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What kind of data do you have that supports your view that we " don't need " China and the rest of the world? I would go as far as to say China was a major catalyst for the rise of bitcoins. Using pure logic would get you to a rudimentary conclusion that we need all the support we can get and that would include the most populous nation on earth.
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forceware
Newbie
Offline
Activity: 16
Merit: 0
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April 18, 2014, 01:52:42 PM |
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Why would China support some shitty currency bitcoin originating from the struggling Wall Street when they have yuan which is rock solid and can only rise higher.
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master-P
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April 18, 2014, 02:08:51 PM
Last edit: April 18, 2014, 03:12:58 PM by master-P |
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The Chinese crypto market is huge compared to other places. It doesn't matter whether people in the western world are fazed when they read news of the China bans. If China does really start cracking down the effect will be felt over there and we'll see the price dropping on Chinese exchanges. Maybe we'll get a scenario where western exchange prices decouple from Chinese exchanges like what happened with gox, but I feel like that is unlikely.
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forceware
Newbie
Offline
Activity: 16
Merit: 0
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April 18, 2014, 02:12:52 PM |
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The Chinese crypto market is huge compared to other places. It doesn't matter whether people in the western world are fazed when they read news of the China bans. If China does really start cracking down the effect will be felt over there and outdoor here all see the price dropping on Chinese exchanges. Maybe we'll get a scenario where western exchange prices decouple from Chinese exchanges like what happened with gox, but I feel like that is unlikely.
Of course that People Republic will try to ban everything related to bincoin. It is obvious it's been created on the Wall Street and designed for manipulative and speculative purphoses. The rest of the free thinking countries including Russia will just follow them and protect their economies. |
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