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Topic: a brief update, regarding that China thingy - page 2. (Read 5342 times)

newbie
Activity: 16
Merit: 0
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.
hero member
Activity: 868
Merit: 1001
https://keybase.io/masterp FREE Escrow Service
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.
newbie
Activity: 16
Merit: 0
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.
sr. member
Activity: 420
Merit: 250
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.
legendary
Activity: 2674
Merit: 2965
Terminated.
They will regret it and eventually have to allow accounts dealing with BTC transactions.
legendary
Activity: 1372
Merit: 1014
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  Smiley

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.
member
Activity: 84
Merit: 10
Hello World!!!
There would likely be many more bitcoin millionaires in future as the btc price climbs to new highs
sr. member
Activity: 266
Merit: 250
http://www.coindesk.com/chinese-banks-closing-exchange-accounts/

What do you guys make of this?  apologies for bringing up again  Smiley

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
legendary
Activity: 882
Merit: 1000
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.
full member
Activity: 224
Merit: 100
good point Frank - well illustrated
legendary
Activity: 4410
Merit: 4766
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,
hero member
Activity: 784
Merit: 1000
https://youtu.be/PZm8TTLR2NU
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.
sr. member
Activity: 392
Merit: 250
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.
full member
Activity: 224
Merit: 100
http://www.coindesk.com/chinese-banks-closing-exchange-accounts/

What do you guys make of this?  apologies for bringing up again  Smiley

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.
legendary
Activity: 3766
Merit: 1217
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.
hero member
Activity: 770
Merit: 500
http://www.coindesk.com/chinese-banks-closing-exchange-accounts/

What do you guys make of this?  apologies for bringing up again  Smiley

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
full member
Activity: 224
Merit: 100
http://www.coindesk.com/chinese-banks-closing-exchange-accounts/

What do you guys make of this?  apologies for bringing up again  Smiley

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.
sr. member
Activity: 392
Merit: 250
I agree.. stop beating a dead chinese horse
hero member
Activity: 798
Merit: 1000
http://www.coindesk.com/chinese-banks-closing-exchange-accounts/

What do you guys make of this?  apologies for bringing up again  Smiley

No one cares about China anymore. So what. The chinese now have other methods to deposit and trade.
full member
Activity: 224
Merit: 100
http://www.coindesk.com/chinese-banks-closing-exchange-accounts/

What do you guys make of this?  apologies for bringing up again  Smiley
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