Topic: [2014-01-31] BTC China Starts Accepting Deposits In Chinese Yuan Again (Read 2909 times)
February 25, 2014, 12:13:01 PM
I'm sure it will not last for a long time. He just has not other way forward now.
February 01, 2014, 10:04:07 PM
Like the Chinese governments needs to spend its time earning a few millions $ at best. You know the GDP of China right?
This has been pointed out before but 'the chinese government' ≠ whichever financial official is in control of making this announcement. Obama didn't buy bitcoin just before the US senate hearing, but you can bet the surprisingly positive law enforcement people who testified did.
Then again, it could just be that they are suspicious of aspects of the economy they can't control. I tend to favour this interpretation until there is any evidence of corruption.
Oh good so we have evidence of govt official manipulating markets? Or is this just conjecture?
January 31, 2014, 10:07:04 AM
Well I think Boby from btc china knows culture very wel....
better then most US peole here ,,,, its money we are talking about and china is no diffrent.
better then most US peole here ,,,, its money we are talking about and china is no diffrent.
Try reading what he is doing, he's taking a big risk. he has to, otherwise his business will disappear. So yes, its all about money.
January 31, 2014, 08:49:03 AM
Well I think Boby from btc china knows culture very wel....
better then most US peole here ,,,, its money we are talking about and china is no diffrent.
better then most US peole here ,,,, its money we are talking about and china is no diffrent.
January 31, 2014, 07:33:18 AM
BTC China Starts Accepting Deposits In Chinese Yuan Again
http://kculshare.com/2014/01/btc-china-starts-accepting-deposits-in-chinese-yuan-again/
http://kculshare.com/2014/01/btc-china-starts-accepting-deposits-in-chinese-yuan-again/
Quote
BTC China CEO Bobby Lee told the Wall Street Journal that the exchange started accepting renminbi again on Thursday after studying the PBOC memo and determining that it was legal to accept deposits and transfer money into customer accounts, even though the banks that manage those accounts can’t conduct business in bitcoin
Hmm... is he just taking a big risk here, or was the original 'ban' just more FUD?
I think he's taking a big risk. Final throw off the dice, as it were.
January 31, 2014, 05:43:36 AM
BTC China Starts Accepting Deposits In Chinese Yuan Again
http://kculshare.com/2014/01/btc-china-starts-accepting-deposits-in-chinese-yuan-again/
http://kculshare.com/2014/01/btc-china-starts-accepting-deposits-in-chinese-yuan-again/
Quote
BTC China CEO Bobby Lee told the Wall Street Journal that the exchange started accepting renminbi again on Thursday after studying the PBOC memo and determining that it was legal to accept deposits and transfer money into customer accounts, even though the banks that manage those accounts can’t conduct business in bitcoin
Hmm... is he just taking a big risk here, or was the original 'ban' just more FUD?
It is more like FUD on the Central Bank's part, deliberate ambiguity to freak people out.
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January 31, 2014, 05:19:58 AM
BTC China Starts Accepting Deposits In Chinese Yuan Again
http://kculshare.com/2014/01/btc-china-starts-accepting-deposits-in-chinese-yuan-again/
http://kculshare.com/2014/01/btc-china-starts-accepting-deposits-in-chinese-yuan-again/
Quote
BTC China CEO Bobby Lee told the Wall Street Journal that the exchange started accepting renminbi again on Thursday after studying the PBOC memo and determining that it was legal to accept deposits and transfer money into customer accounts, even though the banks that manage those accounts can’t conduct business in bitcoin
Hmm... is he just taking a big risk here, or was the original 'ban' just more FUD?
January 31, 2014, 05:11:22 AM
Don't spread rumors. RMB deposits are gone for good. BTC can survive without it. 
not according to the news ,deposits are back on it seems
https://www.google.co.th/search?q=btc+china+&ie=utf-8&oe=utf-8&rls=org.mozilla:en-GB:official&client=firefox-a&gws_rd=cr&ei=V2frUpmhAsSxrgec1oCgDw#q=btc+china&rls=org.mozilla:en-GB:official&tbm=nws
Hmm... CoinDesk and SiliconAngle are covering the news.. so it is quite reliable.
What about the RMB withdrawals?
It has always worked, never part of anyone's version of the "ban".
January 31, 2014, 04:26:20 AM
Don't spread rumors. RMB deposits are gone for good. BTC can survive without it.
not according to the news ,deposits are back on it seems
https://www.google.co.th/search?q=btc+china+&ie=utf-8&oe=utf-8&rls=org.mozilla:en-GB:official&client=firefox-a&gws_rd=cr&ei=V2frUpmhAsSxrgec1oCgDw#q=btc+china&rls=org.mozilla:en-GB:official&tbm=nws
Hmm... CoinDesk and SiliconAngle are covering the news.. so it is quite reliable.
What about the RMB withdrawals?
January 31, 2014, 04:11:21 AM
Don't spread rumors. RMB deposits are gone for good. BTC can survive without it.
not according to the news ,deposits are back on it seems
https://www.google.co.th/search?q=btc+china+&ie=utf-8&oe=utf-8&rls=org.mozilla:en-GB:official&client=firefox-a&gws_rd=cr&ei=V2frUpmhAsSxrgec1oCgDw#q=btc+china&rls=org.mozilla:en-GB:official&tbm=nws
Thanks for updating with google link. I sincere apologize!I wonder, what will be effect on Bitcion price?
January 31, 2014, 04:06:43 AM
Don't spread rumors. RMB deposits are gone for good. BTC can survive without it.
not according to the news ,deposits are back on it seems
https://www.google.co.th/search?q=btc+china+&ie=utf-8&oe=utf-8&rls=org.mozilla:en-GB:official&client=firefox-a&gws_rd=cr&ei=V2frUpmhAsSxrgec1oCgDw#q=btc+china&rls=org.mozilla:en-GB:official&tbm=nws
January 31, 2014, 04:06:02 AM
Give me a break, It's only BTCChina who suspended bank deposits, other exchanges were taking deposits all the time, Bobby needs to be extra cautious because they are very conspicuous.
And no, no one can stop the Chinese from buying anything, the difficult part is to convince them it is worth buying.
And no, no one can stop the Chinese from buying anything, the difficult part is to convince them it is worth buying.
Really? "As per Central banks directive, BTC China was suppose to halt withdrawal and deposit by Jan end anyhow." is a figment of our collective imagination?
Now you ask me, I would say yes.
I have been doing bank deposits and withdrawals with Huobi the last month, all is working well.
January 31, 2014, 04:05:30 AM
thats even better ,if theres a limited timeframe the chinese will buy like crazy and drive up the price again
lol. maybe. bubbles tend to end in tears though. let's see how it plays out over the next few weeks.
I think that there are enough smart people in China who will think that if the government is this scared of bitcoin, there must be some value there. :-)
it might be the government whose buying them
smart move crashing the price down to 600 to pick up half price coins
Like the Chinese governments needs to spend its time earning a few millions $ at best. You know the GDP of China right?
January 31, 2014, 04:03:44 AM
Don't spread rumors. RMB deposits are gone for good. BTC can survive without it.
January 31, 2014, 04:02:47 AM
Give me a break, It's only BTCChina who suspended bank deposits, other exchanges were taking deposits all the time, Bobby needs to be extra cautious because they are very conspicuous.
And no, no one can stop the Chinese from buying anything, the difficult part is to convince them it is worth buying.
And no, no one can stop the Chinese from buying anything, the difficult part is to convince them it is worth buying.
Really? "As per Central banks directive, BTC China was suppose to halt withdrawal and deposit by Jan end anyhow." is a figment of our collective imagination?
January 31, 2014, 04:01:36 AM
thats even better ,if theres a limited timeframe the chinese will buy like crazy and drive up the price again
lol. maybe. bubbles tend to end in tears though. let's see how it plays out over the next few weeks.
I think that there are enough smart people in China who will think that if the government is this scared of bitcoin, there must be some value there. :-)
it might be the government whose buying them
smart move crashing the price down to 600 to pick up half price coins
January 31, 2014, 04:00:02 AM
Give me a break, It's only BTCChina who suspended bank deposits, other exchanges were taking deposits all the time, Bobby needs to be extra cautious because they are very conspicuous.
And no, no one can stop the Chinese from buying anything, the difficult part is to convince them it is worth buying.
And no, no one can stop the Chinese from buying anything, the difficult part is to convince them it is worth buying.
January 31, 2014, 03:57:44 AM
thats even better ,if theres a limited timeframe the chinese will buy like crazy and drive up the price again
lol. maybe. bubbles tend to end in tears though. let's see how it plays out over the next few weeks.
I think that there are enough smart people in China who will think that if the government is this scared of bitcoin, there must be some value there. :-)
January 31, 2014, 03:51:43 AM
thats even better ,if theres a limited timeframe the chinese will buy like crazy and drive up the price again
lol. maybe. bubbles tend to end in tears though. let's see how it plays out over the next few weeks.
January 31, 2014, 03:49:41 AM
thats even better ,if theres a limited timeframe the chinese will buy like crazy and drive up the price again
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