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Topic: BTC China will be closed. All Bitcoin chinese exchangers will be closed. - page 7. (Read 10063 times)

member
Activity: 84
Merit: 10
I personally think it's *safe* to call Bitcoin a *stable* currency liek the US dollar with a safe range between $700-$1150
hero member
Activity: 1218
Merit: 500
BintexFutures
It seems that once again, the news from China has been massively overblown and is not in fact as bad as rumours stated. Who woulda thunk it?


http://thecryptotimes.com/content/china-says-citizens-have-freedom-trade-bitcoins


Sure, but it worked. People never learn

sure did.

Interestingly BTChina, Stamp and BTC-E have all rallied but Gox has been totally indifferent to the clarification.

Which is annoying because I took a long position on BTC rising on a platform that bases its price index on Gox.
full member
Activity: 140
Merit: 100
It seems that once again, the news from China has been massively overblown and is not in fact as bad as rumours stated. Who woulda thunk it?


http://thecryptotimes.com/content/china-says-citizens-have-freedom-trade-bitcoins


Sure, but it worked. People never learn
hero member
Activity: 504
Merit: 500
Bad news but im optimistic. as long as it dosent go below 100$ bitcoin will survive for ages.
hero member
Activity: 1218
Merit: 500
BintexFutures
It seems that once again, the news from China has been massively overblown and is not in fact as bad as rumours stated. Who woulda thunk it?


http://thecryptotimes.com/content/china-says-citizens-have-freedom-trade-bitcoins
newbie
Activity: 1
Merit: 0
Hmm. The link mayax provide to PBOC seems to have no mention of BTC at all, even though you claimed it was a direct announcement.  Perhaps he/she(?) didn't notice that there is a handy "English Version" page as well, and was counting on people not being able to understand it?
legendary
Activity: 2646
Merit: 1138
All paid signature campaigns should be banned.
BTC China will close the business in China in less than 30 days. Mark my words.
This is a pretty specific claim here.  Care to bet on that?  How much would you bet on this?
Here you go.  You made this specific claim.  That would be 30 days from yesterday.
legendary
Activity: 1470
Merit: 1004
Still no bet.  Obvious FUD thread.

Keep up the good work mayax (and others).

So long and thanks for all the cheap(er) BTC!

I don't get you. What bet you want to make?

It's an obvious and a real thing that China banned all the exchangers including BTC China. What  FUD are you talking about?
legendary
Activity: 2646
Merit: 1138
All paid signature campaigns should be banned.
Still no bet.  Obvious FUD thread.

Keep up the good work mayax (and others).

So long and thanks for all the cheap(er) BTC!
legendary
Activity: 1470
Merit: 1004
I was just reading this news on BusinessInsider. So, this news seems to be true. It seems like chinese government is trying hard to knock bitcoin out of the park. Do you guys think now bitcoin will crash and stabalize at a new value like at 600?

http://www.businessinsider.com/china-bitcoin-crackdown-intensifies-2013-12


it will crash. the banks will close the accounts for all the exchangers in the following months.

I know others will come with a lot of "words"(bla bla bla) trying to say otherwise. It's funny that they know that I am right.

Today China clarifies the situation for everybody (they already did it 8 days ago but it was necessary to be bolded)

CoinBase will be closed in the next months by having its bank accounts seized. They are working without license in USA(they are based in USA).It's incredible the naivety of people. MT Gox lost over 6 mil by doing the same thing 6 months ago.
legendary
Activity: 1470
Merit: 1004
BTC China could close down in the new year when there won't be anymore funding/withdrawl options left:

http://www.coindesk.com/sources-confirm-chinas-payment-processor-ban-bitcoin-price-falls/

I was really hoping China wouldn't crack down this hard on bitcoin, but the facts are the facts. The PBOC doesn't want any threats to its plan of making the Yuan the world's reserve currency.


samsam  please do not spoil my bet Smiley

I opened this thread just to inform and I faced a lot of resistance. I am not sure why. It seems the people do not like to be informed. Smiley


http://finance.ifeng.com/a/20131217/11286572_0.shtml
newbie
Activity: 42
Merit: 0
I was just reading this news on BusinessInsider. So, this news seems to be true. It seems like chinese government is trying hard to knock bitcoin out of the park. Do you guys think now bitcoin will crash and stabalize at a new value like at 600?

http://www.businessinsider.com/china-bitcoin-crackdown-intensifies-2013-12
newbie
Activity: 42
Merit: 0
BTC China could close down in the new year when there won't be anymore funding/withdrawl options left:

http://www.coindesk.com/sources-confirm-chinas-payment-processor-ban-bitcoin-price-falls/

I was really hoping China wouldn't crack down this hard on bitcoin, but the facts are the facts. The PBOC doesn't want any threats to its plan of making the Yuan the world's reserve currency.
legendary
Activity: 1470
Merit: 1004
Thailand already banned Bitcoin 6 months ago

This is a bold faced LIE.  Quit repeating it.  It NEVER HAPPENED.  It was just a huge steaming pile of "journalism" all traced back to one blog entry which was a LIE.

If you are so convinced you are right then you would be willing to bet me on it.  Since you are not taking the bet that proves all your posts are LIES.

Assuming on that, it means that all the positive stories about Bitcoin are lies. All the news about how great Bitcoin is , are coming from forums and blogs and then they are spread in "press".

http://www.cnbc.com/id/100923551

Do you really think that China did not ban the exchangers to buy and sell Bitcoin? Say it and then we will make a bet.
newbie
Activity: 1
Merit: 0
haha, this is such a great post. op is just trying to force the price down and get everyone to sell so he can cash in cheap.

even if all banks would bann the exchange from btc to fiat money, btc still has it's place.
legendary
Activity: 2646
Merit: 1138
All paid signature campaigns should be banned.
Thailand already banned Bitcoin 6 months ago

This is a bold faced LIE.  Quit repeating it.  It NEVER HAPPENED.  It was just a huge steaming pile of "journalism" all traced back to one blog entry which was a LIE.

If you are so convinced you are right then you would be willing to bet me on it.  Since you are not taking the bet that proves all your posts are LIES.
legendary
Activity: 1470
Merit: 1004
i think everyone just needs to calm down, while a few countries or banks may ban BTC, its not going to get banned worldwide or made illigal

The main central banks already warned agaist Bitcoin - last week

French central bank warns over bitcoin risks
http://www.reuters.com/article/2013/12/05/us-france-bitcoin-idUSBRE9B40IF20131205

Australia and New Zealand warns against Bitcoin- last week

Thailand already banned Bitcoin 6 months ago

USA- you cannot deal with Bitcoin beacause the banks would close your bank account.

China already banned businesses to exchange(sell and buy for real money ) Bitcoin yesterday

These are facts.
newbie
Activity: 19
Merit: 0
i think everyone just needs to calm down, while a few countries or banks may ban BTC, its not going to get banned worldwide or made illigal
sr. member
Activity: 364
Merit: 250
I agree with your last sentence and also agree that bank accounts can be closed for various reasons. The problem is that as Bitcoin becomes more popular banks that ban Bitcoin dealings of any kind will have something similar to a Scarlet Letter on them. The people who want to deal with Bitcoin will have no dealings with the banks who ban them. As the numbers of people using Bitcoin in the future grows, that could hurt bank profits.

I mean realistically, it could be 5 -10 years before major online businesses start to accept Bitcoin. The transactions will almost always be of a more limited nature until wider acceptance of the coin has taken hold.

There is always possibility some small Bank will see oppurtunity how to get new clients and expand by allowing and supporting Bitcoin users

This is what I was trying to say, Imagine one bank vs all the banks I would close my chase account and open account just for this reason.
hero member
Activity: 1218
Merit: 500
BintexFutures
I get the impression that Bitcoin is becoming another player in the US versus China economic war that is bubbling under the surface. A lot of US institutions and organistions are talking up bitcoin and its potential future. As free market economists they see the potential for profit and revenue. On the flip side the Chinese state see it as a threat to their control and security and are trying to tie it up.

Hard to predict where the worlds relationship with BTC will develop over the coming year.

Of course bitcoin will hold its use and intrinsic value to those that understand its core value and purpose but that may not be reflected in its exchange against fiat currency.
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