When the price drops, buy as the scared sheep are panic selling.
Topic: china bans bitcoin again. (Read 5198 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.
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.
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.
http://www.coindesk.com/coindesk-launches-chinese-yuan-bitcoin-price-index/
Queue the fake Chinese volume bombshell...
Queue the fake Chinese volume bombshell...
Can anyone translate the, er, translation?
I'm starting to get tired of this
Chinese officials dumped their coins and now they want to buy cheap coins.... it will never end.
Hopefully for good. Cheers China, thanks for so far 
http://tech.ifeng.com/internet/special/bitcoin-news/content-3/detail_2014_03/27/35186911_0.shtml
http://pastebin.com/zVXFAYuL
http://pastebin.com/zVXFAYuL
yomofo thanks for the snappy update where do I donate?
Well, there goes a 220 BTC sell-off. So it begins!
ty for the link I wish I could read chinese though =P
Does everyone have their low buy orders ready???
Does everyone have their low buy orders ready???
I'm starting to get tired of this
http://tech.ifeng.com/internet/special/bitcoin-news/content-3/detail_2014_03/27/35186911_0.shtml
http://pastebin.com/zVXFAYuL
2nd source to substantiate news: http://finance.sina.com.cn/money/bank/bank_hydt/20140327/092518630481.shtml
http://pastebin.com/zVXFAYuL
2nd source to substantiate news: http://finance.sina.com.cn/money/bank/bank_hydt/20140327/092518630481.shtml
Quote
Sources said the central bank notification requirements to close China 15 bitcoin site bank account
At 08:01 on March 27, 2014
Source: Phoenix Technologies
With a micro-channel two-dimensional code scanning
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This will get stricter enforcement of such funds account Bitcoin transactions had to move abroad to become other than disk -based semi- underground market long ago, the world's largest Bitcoin trading platform Mt.Gox therefore internal mismanagement and collapse , currently the world's three largest trading platform for bitcoins Bittamp, Bitfinex, btc-e. PS: be required to terminate the existence of institutions with banks and third-party payment account transactions Bitcoin trading platform has the following 15 :
Phoenix Technology News March 27 , according to the new fiscal " Financial Industry Watch" report, the central bank issued a notice in mid- March to prohibit domestic banks and third-party payment mechanism for Bitcoin trading platform account, voucher , payment , cash and other services , ordered them to shut down for the 15 largest bitcoin bank account opened trading platform , financial institutions and cut contact between bitcoin bubble . This will get stricter enforcement of such funds account Bitcoin transactions had to move abroad to become other than disk -based semi-underground market
It is reported that the central bank branches to the central bank issued a report entitled "further strengthen risk prevention bitcoins work notice " (the "Notice" ) in mid- March , the document requires banks and third-party payment agencies, Close all trading accounts within the territory of more than a dozen Bitcoin platform. This means that financial institutions trading account opening Bitcoin website platform is not legitimate unless cash transactions, investors not to bitcoin bank transfer transactions in China , third-party payment , unprecedented intensity .
"Notice" requirement that all commercial banks and third-party payment agencies to close all accounts of these platforms , the deadline is April 15 . Before this deadline , these accounts can still withdraw cash , but can not recharge. Overdue closed , the central bank will be punished. In addition , the central bank also asked the Association to continue to track the payment and settlement platform recharge means change , and timely notification to commercial banks.
After the central bank in March , " notice" , all Bitcoin website company can open a bank account , while using personal accounts recharge once found will be banned . Also means that , after a grace period of April 15 , bitcoin site to the customer no longer has legal access to cash .
The document also contains the name of a Bitcoin China (BTCChina), fire currency network , OKCoin currency transactions and other 15 -bit platforms , including the list ( see below ) .
March 19 , online news that "the central bank ban Bitcoin trading platform " message. In this regard , the central bank released the same day official microblogging microblogging called " '4 before April 15 to stop all Bitcoin transactions ' is untrue , the attitude of the People's Bank Bitcoin has five ministries in the People's Bank " on guard against the risk of Bitcoin notice "clearly expressed ."
But according to the new fiscal confirm that the central bank "notification" true. Just the wrong time news spread that the central bank is not prohibited Bitcoin trading platform , but prohibits banks account for the Bitcoin trading platform , payment, clearing and other services.
PS: be required to terminate the existence of institutions with banks and third-party payment account transactions Bitcoin trading platform has the following 15 :
Bitcoin China (BTCChina)
Fire currency net
Okcoin
Fxbtc
Bitcoin trading network
China bitcoin
btc100
Bit children
808 bitcoins
Bit Era
Cattle currency net
Bitcoin International
Bitcoin days
42btc
btc star
At 08:01 on March 27, 2014
Source: Phoenix Technologies
With a micro-channel two-dimensional code scanning
Share to friends and friends
Person to comment
This will get stricter enforcement of such funds account Bitcoin transactions had to move abroad to become other than disk -based semi- underground market long ago, the world's largest Bitcoin trading platform Mt.Gox therefore internal mismanagement and collapse , currently the world's three largest trading platform for bitcoins Bittamp, Bitfinex, btc-e. PS: be required to terminate the existence of institutions with banks and third-party payment account transactions Bitcoin trading platform has the following 15 :
Phoenix Technology News March 27 , according to the new fiscal " Financial Industry Watch" report, the central bank issued a notice in mid- March to prohibit domestic banks and third-party payment mechanism for Bitcoin trading platform account, voucher , payment , cash and other services , ordered them to shut down for the 15 largest bitcoin bank account opened trading platform , financial institutions and cut contact between bitcoin bubble . This will get stricter enforcement of such funds account Bitcoin transactions had to move abroad to become other than disk -based semi-underground market
It is reported that the central bank branches to the central bank issued a report entitled "further strengthen risk prevention bitcoins work notice " (the "Notice" ) in mid- March , the document requires banks and third-party payment agencies, Close all trading accounts within the territory of more than a dozen Bitcoin platform. This means that financial institutions trading account opening Bitcoin website platform is not legitimate unless cash transactions, investors not to bitcoin bank transfer transactions in China , third-party payment , unprecedented intensity .
"Notice" requirement that all commercial banks and third-party payment agencies to close all accounts of these platforms , the deadline is April 15 . Before this deadline , these accounts can still withdraw cash , but can not recharge. Overdue closed , the central bank will be punished. In addition , the central bank also asked the Association to continue to track the payment and settlement platform recharge means change , and timely notification to commercial banks.
After the central bank in March , " notice" , all Bitcoin website company can open a bank account , while using personal accounts recharge once found will be banned . Also means that , after a grace period of April 15 , bitcoin site to the customer no longer has legal access to cash .
The document also contains the name of a Bitcoin China (BTCChina), fire currency network , OKCoin currency transactions and other 15 -bit platforms , including the list ( see below ) .
March 19 , online news that "the central bank ban Bitcoin trading platform " message. In this regard , the central bank released the same day official microblogging microblogging called " '4 before April 15 to stop all Bitcoin transactions ' is untrue , the attitude of the People's Bank Bitcoin has five ministries in the People's Bank " on guard against the risk of Bitcoin notice "clearly expressed ."
But according to the new fiscal confirm that the central bank "notification" true. Just the wrong time news spread that the central bank is not prohibited Bitcoin trading platform , but prohibits banks account for the Bitcoin trading platform , payment, clearing and other services.
PS: be required to terminate the existence of institutions with banks and third-party payment account transactions Bitcoin trading platform has the following 15 :
Bitcoin China (BTCChina)
Fire currency net
Okcoin
Fxbtc
Bitcoin trading network
China bitcoin
btc100
Bit children
808 bitcoins
Bit Era
Cattle currency net
Bitcoin International
Bitcoin days
42btc
btc star
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