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Author Topic: Bitcoin question?  (Read 969 times)
thecoinjournal
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May 03, 2014, 09:42:51 AM
 #21

Please just ignore China.

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1511076666
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Farmer17
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May 03, 2014, 09:48:51 AM
 #22

Please just ignore China.

Or even better: CEO of Bitcoin Officially Bans China
http://www.coindesk.com/ceo-bitcoin-officially-bans-china/


But too bad, it was made on 1 Apr. Smiley

byt411
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May 03, 2014, 10:02:07 AM
 #23

Please just ignore China.

Or even better: CEO of Bitcoin Officially Bans China
http://www.coindesk.com/ceo-bitcoin-officially-bans-china/


But too bad, it was made on 1 Apr. Smiley

I actually think that that article was too misleading for some retards, and they read it the wrong way round.
PilotofBTC
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May 03, 2014, 04:57:11 PM
 #24

I hear that bitcoin will be unbanned after may 10 in China. Does that mean bitcoins price will go up? Should I buy now? Thanks guys.

Bitcoin has never been banned in China. Never.

It is not banned, nor it is allowed. Ambiguous bollocks.

Who says it isn't allowed? It's the PBOC putting pressure on banks to stop them dealing with bitcoin exchanges, but using bitcoins is perfectly fine in China.

Correct, however several (all? seen many in the news) banks have closed their accounts with China based exchanges. So, it just makes it a bit harder for Yuan fiat to be traded to/from BTC, but it's still possible I'm sure.
PilotofBTC
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May 03, 2014, 04:59:24 PM
 #25

Please just ignore China.

Or even better: CEO of Bitcoin Officially Bans China
http://www.coindesk.com/ceo-bitcoin-officially-bans-china/


But too bad, it was made on 1 Apr. Smiley

HA HA! Funny. Although, I'm not sure I approve of this joke. Many people who are new to Bitcoin of just hearing about it have no idea there is no "CEO of Bitcoin, etc." I'm not sure what the market did on Apr 1 though and I'm too lazy to go look at the charts for that day.
Pony789
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May 03, 2014, 07:32:12 PM
 #26

Please just ignore China.

Or even better: CEO of Bitcoin Officially Bans China
http://www.coindesk.com/ceo-bitcoin-officially-bans-china/


But too bad, it was made on 1 Apr. Smiley

HA HA! Funny. Although, I'm not sure I approve of this joke. Many people who are new to Bitcoin of just hearing about it have no idea there is no "CEO of Bitcoin, etc." I'm not sure what the market did on Apr 1 though and I'm too lazy to go look at the charts for that day.

IIRC, bitcoin did pretty good that day. Probably because people are too busy with the "Pokemon Challenge" on google map lol. Tongue

Pony789
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May 03, 2014, 07:34:42 PM
 #27

Correct, however several (all? seen many in the news) banks have closed their accounts with China based exchanges. So, it just makes it a bit harder for Yuan fiat to be traded to/from BTC, but it's still possible I'm sure.

FYI: http://www.coindesk.com/chinese-bitcoin-exchange-fxbtc-to-close-citing-central-bank-pressure/
Quote
China-based bitcoin exchange FXBTC has announced that it will shut down on 10th May.

In its announcement, FXBTC cited “unprecedented pressure” from the People’s Bank of China (PBOC) as well as restrictions on its banking services that have resulted from the central bank’s policies as deciding factors.

You can find some discussion here. https://bitcointalk.org/index.php?topic=593086.0;all

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