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Topic: After The Chinese Central Bank with third party payment (Read 1161 times)

sr. member
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Merit: 292
www.cd3d.app
This is not unexpected events, predicted by Tomas on lakebtc.
sr. member
Activity: 484
Merit: 250
HubrisOne
this is news for sina...

Chinese policy will decide on bitcoins what path to follow Angry



yes, reprint on reddit.

The bitcoin in China has fallen below 3000 CNY,  ≈495 USD...  but in mtgox & lakebtc is 668 USD...  my god Shocked
sr. member
Activity: 269
Merit: 250
this is news for sina...

Chinese policy will decide on bitcoins what path to follow Angry
sr. member
Activity: 484
Merit: 250
HubrisOne
The Chinese Central Bank with third party payment after the currency trading market will be more popular

All of a sudden , Bitcoin has become the focus of world attention , and now even against the $ 1,000 - Bitcoin seems to have been difficult to go back on such a low price .

After last week , bitcoin currency exceeded $ 1,000 Bitcoin prices showing a spike , the ups and downs of the "roller coaster " phenomenon. November 19 this day, Bitcoin prices straight from the lowest to nearly 3,000 yuan 8,000 yuan, but also fell to 5,000 yuan , the day Bitcoin Bitcoin major domestic and foreign trade transactions on the site almost overflowing .

According Bitcoin trading platform LakeBTC data , China accounted for 60% of the Bitcoin market of the global total . With China 's sustained high bitcoin speculation frenzy , " Bitcoin China " has surpassed Mt.Gox, bitsmapt other old trading site , became the world's largest trading volume platform. And in just the past two months , the yuan bitcoin trading volume has increased 30 -fold based on the Chinese players can be described as a strong interest in Bitcoin .

However, on December 5 , the central bank and other five ministries issued a " Notice of risk prevention Bitcoin " , financial institutions and payment institutions may not bitcoin for a product or service pricing , may not be sold or traded as a central counterparty Bitcoin is prohibited to participate related financial services. Coincidentally , the central bank on the 17th again resorted killer for bitcoins , interviewed , including Paypal, money paid through more than 10 third-party payment company official , explicit requirements can not give out Wright bitcoin currency and derivatives , etc. trading website provides payment and settlement business. After this message through the "Daily Economic News" and "Business " recognized and confirmed , not rumors.

Domestic Bitcoin from early November 3000 yuan quickly climbed to nearly 7,000 yuan in early December , after the news broke, the domestic market has been hit hard bitcoin plunged 30 percent , so at 18:00 on the 17th , China Bitcoin prices remain at around 3,800 yuan . And on the foreign market , ten months before the price can a bitcoin exchange $ 13 , but just after the break Bitcoin has dropped back to $ 1,000 now $ 600 . On the BTC-e, LakeBTC other foreign Bitcoin trading platform , notified the Bank of foreigners who are engaged in this discussion, other Weibo users in China have also responded with ridicule tone hot foreigner "who is china ? . "

For the central bank statement, Alipay side expressed before and did not have any bitcoins website with over cooperation , and make reminder, if there have been transactions between Bitcoin personal account , then we must be vigilant. Insiders pointed out that the central bank's move will likely have an effect on Bitcoin and other drastic to stop large-scale transactions , which will probably be forced to withdraw from the Chinese market bitcoins .

At the same time , domestic bitcoin announced the resumption of trading platforms charge a fee . Since the September 25 bitcoins China announced fee-free , Bitcoin transactions are booming , in order to maintain price stability Bitcoin , Bitcoin China decided to start to charge a fee , the rate of 1% . Subsequently , OKCoin notice that, in order to prevent malicious speculators raise or lower prices for market manipulation , OKCoin resume two-way charge transaction fees .

User Xiaoming said that initially when the advent of bitcoin , bitcoins each only one-tenth the price of $ 1 , and when now each Bitcoin prices rose $ 1,242 , those who initially held Bitcoin no shot of truth, because Bitcoin frenzied speculation may generate investment bubble. Moreover , as a decentralized virtual currency , the hype behind this concentration , it is difficult to say no agency handling predators , many people rush the occasion , will be hidden behind the body in hands .

User Xiaobin believes that intensive bookmakers hype and regulatory initiatives bitcoin price instability is the main reason for the series of events might cause a bit out of the Chinese currency trading , investors do not rule out the use of spread arbitrage opportunity , but now completely disappeared arbitrage , the player most likely be transferred to mtgox, coinbase, lakebtc, bitstamp, btc-e and other famous trading platform.


User Light currencies summary , Bitcoin can not be controlled by a person or organization to which something . Do more , no need to fanfare , quietly hoard of the line. Those little sign of trouble and out , up a little on obscenity participate Haitian feast day rush down a little cry of people, or as early as possible to leave the strike. Flesh worth mentioning, just leave also, are you leaving voluntarily or involuntarily final outcome , recognize the strike. How should I say , the original Bitcoin is something special on the tall , but now ......


Science

What is Bitcoin ? Bitcoin ™ (BitCoin) is a P2P form of virtual currency . Point to point transmission means a decentralized payment system. Bitcoin monetary institutions do not rely on a specific issue , it generates a large number of specific algorithms to calculate by using a distributed database Bitcoin economy throughout P2P networks composed of many nodes to identify and record all transactions. The decentralized P2P features and algorithms can not by itself ensure that a large number of manufacturers to artificially manipulate currency Bitcoin . Based cryptography design allows bitcoins can only be transferred or paid real owner. This also ensures the anonymity of ownership and circulation of currency trading .

Bitcoin features: to the center , in circulation worldwide , exclusive ownership , low transaction costs , no hidden costs , cross-platform mining.
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