BTC CNY to the moon by CNY (but you wont see it on the exchanges)

chessnut

legendary

Activity: 924

Merit: 1001

Quote from: hulk on January 30, 2014, 07:55:00 PM

Quote from: buzzlight on January 30, 2014, 06:18:37 PM

Why do the Chinese need to cash out their CNY (RMB) before CNY (Chinese New Year) anyway?

There is no better place to be in BTC but in China right now. BTC know no boundaries. We know getting cash out of China is difficult.

For anyone looking to transfer funds out of China, no better way than meeting with their local bitcoins-for-cash dealer, buy BTC with hefty premium, BTC to new wallet, sell BTC for currency of choice in the country of choosing.

Too bad that price quote wont show on Chinese exchanges.

What do you mean, you mean china people isn't allowed to wire transfer their money to other country?

not over chinese new year. so called "system maintenance"
it's very fishy, some people think that they are vulnerable to default.

hulk

sr. member

Activity: 392

Merit: 250

Quote from: buzzlight on January 30, 2014, 06:18:37 PM

Why do the Chinese need to cash out their CNY (RMB) before CNY (Chinese New Year) anyway?

There is no better place to be in BTC but in China right now. BTC know no boundaries. We know getting cash out of China is difficult.

For anyone looking to transfer funds out of China, no better way than meeting with their local bitcoins-for-cash dealer, buy BTC with hefty premium, BTC to new wallet, sell BTC for currency of choice in the country of choosing.

Too bad that price quote wont show on Chinese exchanges.

What do you mean, you mean china people isn't allowed to wire transfer their money to other country?

chessnut

legendary

Activity: 924

Merit: 1001

Quote from: buzzlight on January 30, 2014, 06:18:37 PM

Why do the Chinese need to cash out their CNY (RMB) before CNY (Chinese New Year) anyway?

There is no better place to be in BTC but in China right now. BTC know no boundaries. We know getting cash out of China is difficult.

For anyone looking to transfer funds out of China, no better way than meeting with their local bitcoins-for-cash dealer, buy BTC with hefty premium, BTC to new wallet, sell BTC for currency of choice in the country of choosing.

Too bad that price quote wont show on Chinese exchanges.

owning BTC might be a strategic advantage in the coming days due to the ban on bank transfers. This might cause a greater realisation of it's function and word may spread swiftly. There is nothing better than a bit of desperation to force adoption.

buzzlight

newbie

Activity: 12

Merit: 0

Why do the Chinese need to cash out their CNY (RMB) before CNY (Chinese New Year) anyway?

There is no better place to be in BTC but in China right now. BTC know no boundaries. We know getting cash out of China is difficult.

For anyone looking to transfer funds out of China, no better way than meeting with their local bitcoins-for-cash dealer, buy BTC with hefty premium, BTC to new wallet, sell BTC for currency of choice in the country of choosing.

Too bad that price quote wont show on Chinese exchanges.

Topic: BTC CNY to the moon by CNY (but you wont see it on the exchanges) (Read 792 times)