When the price drops, buy as the scared sheep are panic selling.
Topic: china bans bitcoin again. (Read 5178 times)
*Yawn* - So what?
When the price drops, buy as the scared sheep are panic selling.
When the price drops, buy as the scared sheep are panic selling.
Indeed, won't go below 500..
ban again, idk why china gov are too sentiment with BTC
Man I'm so angry I'm gonna dump again 
sold now and buy later when $450 Big mistake.
ban again, idk why china gov are too sentiment with BTC
Man I'm so angry I'm gonna dump again
sold now and buy later when $450
Man I'm so angry I'm gonna dump again
OHHH NOOOOS!
(except it was not a real story).
Fool me once, shame on you. Fool me 73 times, shame on me.
(except it was not a real story).
Fool me once, shame on you. Fool me 73 times, shame on me.
Is it a real story or isn't it?
Last night it was just rumours on reddit, now it is cropping up in corporate media.
Ban again ?
I guess it is hard to force people to stop using bitcoin
I guess it is hard to force people to stop using bitcoin
Nostradamus. Surprised you're not filthy stinking rich by now seeing as your word is the Bitcoin bible and everyone follows.
How is this my word? It is the word of the PBOC that they issued in December. Why did you ignore the PBOC? Did you think it was a joke? Did you think that the Chinese government (of all countries) does not enforce things and was going to let it go on forever?Yes. Pretty much. They have a history of making statements and not following through because they don't really believe their own statements, but just want other parties to believe them. Do some research. Read about their modern day history. Its not like the Western World. Its a lot of smoke and mirrors.
The ban is old news from December, but people chose to ignore it. Now action is being taken to actually close the accounts, I guess. I warned of this over, and over, and over.
OHHH NOOOOS!
(except it was not a real story).
Fool me once, shame on you. Fool me 73 times, shame on me.
So um if they banned Bitcoin again as you say does that mean at some point there was a period when they unbanned Bitcoin?
Umm, this was true a long time ago.
The exchanges get around this by selling vouchers for cash which can be used on their exchange as cash.
The exchanges get around this by selling vouchers for cash which can be used on their exchange as cash.
The great Chinese crypto-gambit of 14'
Nostradamus. Surprised you're not filthy stinking rich by now seeing as your word is the Bitcoin bible and everyone follows.
How is this my word? It is the word of the PBOC that they issued in December. Why did you ignore the PBOC? Did you think it was a joke? Did you think that the Chinese government (of all countries) does not enforce things and was going to let it go on forever? 
http://www.reddit.com/r/Bitcoin/comments/21h8sw/china_news_is_fake_human_translation_from_okcoin/
Price is stable on Huobi at 553.
Price is stable on Huobi at 553.
Well maybe they banned it again because they now have Hypersonic Missiles. And will just shut down competition.
http://www.coindesk.com/coindesk-launches-chinese-yuan-bitcoin-price-index/
Queue the fake Chinese volume bombshell...
Queue the fake Chinese volume bombshell...
In addition to the significant volume of bitcoins which are exchanged for CNY, events (or rumors) from China are once again having a material influence on bitcoin.
Overall, while there are reasons to be skeptical of self-reported bitcoin volumes, China is clearly a very important market for bitcoin, and CoinDesk feels it is important to launch a dedicated CNY Bitcoin Price Index.
Can we bring back ChinaCoin soon?
Nostradamus. Surprised you're not filthy stinking rich by now seeing as your word is the Bitcoin bible and everyone follows.
The ban is old news from December, but people chose to ignore it. Now action is being taken to actually close the accounts, I guess. I warned of this over, and over, and over.
It says that using bank accounts to send funds to a Bitcoin trading platform is prohibited, but that cash trading is not (除非现金交易). I wonder how that is going to work. Will people withdraw large amounts of cash and give it to an agent of an exchange? Inconvenient, but it would not deter me from buying.
It would effectively dry up fiat liquidity on Chinese exchanges, as time goes by less and less fiat will be available. It's pretty much a death sentence for Chinese bitcoin exchanges.
Huobi and OKCoin both recently received 10 million dollar venture capital investments. They say they have big plans to expand internationally. I think the odds are that they will again find a way to survive. There is a large Chinese diaspora, so I think they will soon start accepting deposits in other currencies. And as the price starts to rise again due to factors outside of China, Chinese investors will not just sit back and let it happen without them. They will find a way.
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