Topic: Breaking News! PBOC inspects Chinese Bitcoin Exhcanges - page 2. (Read 1568 times)
Damn I wanna cry when I see how it sinks, minute after minute... Although im here for the long term it makes me worried. I bet they will find whatever they want, its china government after all. Well we all depend on them now, no matter if we dont like it, but considering china market and its significant to bitcoin market.... So it will be hell of a ride
this is really a bad news, most of the user is from china and with this case it will affected the transaction and the usage of bitcoin, if the government keep on interfering bitcoin problem, then we will see the lower transaction flow and the price will go down, hopefully the case will finished soon and not causing any big harm to bitcoin
This could be a disaster If those exchanges have indeed something they are hiding (which I think Its the case) hopefully the price will stay in the 800$ range after this. (Already dropped by almost 50$ in the last hour)
Im sick of the damn chinese government causing ups and downs within the bitcoin market. Everytime the PBOC says whatever, no matter the fuck they say it's always the same shit: price moves. Even if all they say is "hey bitcoin is volatile" then that creates volatility itself. It's really depressing, but we can't do anything about it until the marketcap is way bigger.
Why do exchanges operate illegally causing harm to not only the users of the exchange but it hampers the reputation as well of bitcoins. Chinese markets being the backbone of the currency, they can have a huge impact on the price. If it reaches $600, the other exchanges will have bigger losses.
This could be a disaster If those exchanges have indeed something they are hiding (which I think Its the case) hopefully the price will stay in the 800$ range after this. (Already dropped by almost 50$ in the last hour)
heh..fake volume....games are being played bet on it....even if China does a legit investigation without any bias to bitcoin...it will be ugly imho....you look at these
exchanges under say USA law and it would be bad. IF China has an agenda to squash them .it will be much worse.
Then again I'm in this long term (crypto big $$$ or ZERO bet) and trying to get back to 100 btc.. (at 95 now) thus CHEAP COIN!!!!
The catch is ....if they don't find much..not a big deal....if they find much....a big deal.....
(gets popcorn...scary movie time)
Generally not a good idea to post how much BTC you own. You might get hacked.
Well if they can get into the safety deposit box at the bank and get to my only copy paper wallets with only btc in...I"m outclassed
This could be a disaster If those exchanges have indeed something they are hiding (which I think Its the case) hopefully the price will stay in the 800$ range after this. (Already dropped by almost 50$ in the last hour)
heh..fake volume....games are being played bet on it....even if China does a legit investigation without any bias to bitcoin...it will be ugly imho....you look at these
exchanges under say USA law and it would be bad. IF China has an agenda to squash them .it will be much worse.
Then again I'm in this long term (crypto big $$$ or ZERO bet) and trying to get back to 100 btc.. (at 95 now) thus CHEAP COIN!!!!
The catch is ....if they don't find much..not a big deal....if they find much....a big deal.....
(gets popcorn...scary movie time)
Generally not a good idea to post how much BTC you own. You might get hacked.
This could be a disaster If those exchanges have indeed something they are hiding (which I think Its the case) hopefully the price will stay in the 800$ range after this. (Already dropped by almost 50$ in the last hour)
heh..fake volume...on those exchanges..no fees ...what could go wrong (sob) ...but imho .games are being played bet on it....even if China does a legit investigation without any bias to
bitcoin...it will be ugly imho....you look at these
exchanges under say USA law and it would be bad. IF China has an agenda to squash them on top of the finding of what I expect ....it will be much worse.
Then again I'm in this long term (crypto big $$$ or ZERO bet) and trying to get back to 100 btc.. (at 95 now) thus CHEAP COIN!!!!
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The catch is ....if they don't find much..not a big deal....if they find much....a big deal.....trouble is this could just be an unkown for 3 months or so then
blamo..info hits one way or another ....again ...depending on China's Gov't mood towards btc and/or findings.
(gets popcorn...scary movie time)
This could be a disaster If those exchanges have indeed something they are hiding (which I think Its the case) hopefully the price will stay in the 800$ range after this. (Already dropped by almost 50$ in the last hour)
This is not good at all 
The People's Bank of China Shanghai headquarter and the Shanghai Municipal Finance Office and other units formed a joint inspection team and carried out on-site inspection on BTCChina. The operation is focused on checking whether the company is operating beyond its scope, whether it is conducting the business of credit(loans), payment, remittance and/or other related business without necessary license or authorization, whether there is market manipulation, the implementation of anti money laundering system, financial security risk and so on.
The price in Chinese market suddenly fell down.
The price in Chinese market suddenly fell down.
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