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Topic: BREAKING NEWS. BANK ACCOUNTS OFFICIALLY BANNED ON APRIL 15 (BTCTRADE) (Read 1586 times)

anu
legendary
Activity: 1218
Merit: 1001
RepuX - Enterprise Blockchain Protocol
We're heading sub $380 before next week.

Guess what happens when Huobi and BTCChina announce that you can't withdraw RMB after April 15.

They will have to buy Bitcoin to withdraw  Grin
member
Activity: 66
Merit: 10
v scared, i bought at $418 but i think i will buy more in the 300's .
sr. member
Activity: 406
Merit: 250
We're heading sub $380 before next week.

Guess what happens when Huobi and BTCChina announce that you can't withdraw RMB after April 15.
sr. member
Activity: 406
Merit: 250
Huge rally on Huobi. Someone is scooping up all the cheap coins.

Predictions on the next 24h?

I mean, probably only 2% of the traders saw the announce. Watch what happens when the rest check the news. I'll buy below 400.

hero member
Activity: 658
Merit: 500
I like that how Chinese exchange didnt just close down after receiving the order. In stead they announce the notice and let trading going on....

Simple tactics to buy low from panic sellers.

Mean while they will move their own fund offshore.


If those panic sellers think for a sec.... they would know China is arguably producing largest mining equipment as well as largest mining farms. Those companies dont even use Chinese exchanges...
sr. member
Activity: 406
Merit: 250
Quote
We will announce the short term through the cold wallet address, 100% margin of openness, ensure that the platform is not involved in any transaction, and fully guarantee the safety of users of funds, please oversight

I like that they have a plan in place.

They all have plans. OKCoin, Huobi, BTCTrade and BTCChina will all have their offshore operations running on April 15.

Edit: Mega dump on Huobi.
sr. member
Activity: 516
Merit: 283
Quote
We will announce the short term through the cold wallet address, 100% margin of openness, ensure that the platform is not involved in any transaction, and fully guarantee the safety of users of funds, please oversight

I like that they have a plan in place.
member
Activity: 84
Merit: 10
PM for journalist,typing,and data entry services.
only idiots are surprised. This has already been known for some times. Bitcoin doesnt need China or Russia or North Korea...

Please use some common sense ppl.


Bur they need us... Also it never hurt to have China one of the biggest economic superpowers, supporting bitcoin. Lets just see what happens on the 15th now, maybe panic sell on the 14th?
hero member
Activity: 658
Merit: 500
only idiots are surprised. This has already been known for some times. Bitcoin doesnt need China or Russia or North Korea...

Please use some common sense ppl.
full member
Activity: 532
Merit: 100
PrimeDAO - An Adoption Engine for Open Finance
member
Activity: 84
Merit: 10
PM for journalist,typing,and data entry services.
sr. member
Activity: 406
Merit: 250
http://www.btctrade.com/html/gonggao/0410.html

http://www.weibo.com/3336642870/AF1blES90
(Thanks Yomofo for the weibo link)

Quote
About BtcTrade pause bank card recharge business in April 15 announcement

Dear BtcTrade Bitcoin users and the majority of fans:

We hold a very heavy heart that publish this announcement, BtcTrade just received a phone call to the company Bank Agricultural Bank of China branch in Hangzhou Science and Technology City, requiring Division I April 15 to stop using company accounts settlement bitcoin related business, such as the Overdue stop, will freeze the company's bank account on April 15.

Here, BtcTrade have to decide on at 0:00 on April 15, 2014 after stopping treatment yuan recharge business transactions to cash temporarily affected. BtcTrade since the beginning of the on-line positioning in the global market, we have conducted company registered in mainland China, Hong Kong, Japan, the United States and other places. Recent BtcTrade will open dollar business, while Japanese stations now on-line operations, the new version will also be on-line April 15. We will announce the short term through the cold wallet address, 100% margin of openness, ensure that the platform is not involved in any transaction, and fully guarantee the safety of users of funds, please oversight.

  We are an easy team, the official carrier of the year we have been diligently as we build a simple, convenient and secure trading platform, is not involved in any transaction, there is no on-line leverage, short selling and other additional services, Team members just hope that through their own efforts to push a little bit bitcoin process. We want to say: passing madness continues into the distance, we firmly believe that the future is bright BtcTrade future Bitcoin immeasurable!
 
Bitcoin transaction network (BtcTrade.com)
2014 Thursday, April 10 

BTW, BTCTrade is a very small volume exchange. This crash is nothing compared to the gigantic dump we'll witness when BTCChina and Huobi release their own statements.
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