China bans exchangers / China exchangers CLOSED - page 7.

MetaVerde

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Quote from: exstasie on September 08, 2017, 03:02:23 PM

Quote from: vincentvincent on September 08, 2017, 02:41:29 PM

FUD!

It's definitely FUD, and it was perfectly executed. Everyone is in a panic, and it makes sense to a lot of people given the recent action against ICOs. But think about it! That was an official action. In this case, we have absolutely nothing but unsubstantiated rumors. When the PBOC wants to say something, they say it. Other news sources can't confirm any of the rumors.

Here's what Samson Mow‏ had to say:

Quote

Read the article about shutdown of exchanges in #China. They have no sources at all. It's just conjecture.

This was crazy.

Still not substantiated.

Just crazy.

FUD on 'roids.

Jombrangs

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China bans ALTCOIN ... because china wants to buy alot of it they want to buy on dip price on altcoins thats why they do things to dump the altcoins
Then after they buy a huge amount of altcoin they pump it again chine manipulate altcoins .... so stay tuned

MAbtc

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Quote from: haroldtee on September 08, 2017, 03:29:09 PM

Caixin came out on twitter to dispute this statement and declared it false. Chinese did not ban exchangers and I wonder why they didn't do their assignments in the first place before dropping such a statement that caused a huge crash in the market earlier today.

Could you provide a link to the clarification from Caixin? I checked the main @caixin account, but can't find anything. I'm sure the reason for this story was to manipulate the markets. Somebody took out a huge short and is now collecting.

We've seen nothing official from the Chinese government and no other news sources confirm the story. I call BS. Anybody remember when the People's Bank of China banned Bitcoin (over and over again) a few years ago? This looks just like that.

Falgorn

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The lack of official confirmation of information about the closure of exchanges and exchangers in China in China, as well as the fact that in China, until now, traded on the exchanges with a crypto currency, as on ordinary days, is evidence of the untruthfulness of the information disseminated.

haroldtee

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Caixin came out on twitter to dispute this statement and declared it false. Chinese did not ban exchangers and I wonder why they didn't do their assignments in the first place before dropping such a statement that caused a huge crash in the market earlier today.

manchester93

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Quote from: mayax on September 08, 2017, 11:45:18 AM

it seems that all the chinese exchangers will be closed for a while. it's a normal decision because they made so many illegalities (willy bot, market manipulation and so on). Cheesy

http://m.finance.caixin.com/m/2017-09-08/101142797.html

That means Okcoin, BTC china, Huobi and many others will be closed. "the plague" begins to be cleaned

Caixin was the first one to report on the ICO ban before the official documents came out so, they should be credible

This is FUD. There is no proof of this anywhere; the entire article is conjecture! And look at Okcoin or Huobi's ticker -- or any of the Chinese exchanges. Everywhere you look, it's business as usual.

I think Caixin really screwed up here. Either that, or this was a planted story like the "China bans BTC" stories from a few years ago, which rocked the markets at the time.

StockBet.com

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China and the West are the biggest money launderers in the world.

The Chinese people have been laundering money out to buy real estate in the West for decades.

Several years ago, China's central bank asked Western governments to help stop this. Instead of helping, Western governments such as Canada and Australia, aided and abetted the money laundering, by offering resident visas to any Chinese who brings over $X.

Banning crypto exchanges is probably another attempt by the Chinese government to stop this money laundering.

When Western governments tell you that they want to regulate cryptos with AML, they probably want to stop outflow only, not inflow of money.

exstasie

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Quote from: vincentvincent on September 08, 2017, 02:41:29 PM

FUD!

It's definitely FUD, and it was perfectly executed. Everyone is in a panic, and it makes sense to a lot of people given the recent action against ICOs. But think about it! That was an official action. In this case, we have absolutely nothing but unsubstantiated rumors. When the PBOC wants to say something, they say it. Other news sources can't confirm any of the rumors.

Here's what Samson Mow‏ had to say:

Quote

Read the article about shutdown of exchanges in #China. They have no sources at all. It's just conjecture.

vincentvincent

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FUD!

HongKong

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Quote from: EllaPonchik on September 08, 2017, 01:46:54 PM

The Chinese are very smart, have accumulated bitcoins and now can do anything with the market.

That’s kind of the right way to put it though that doesn’t necessarily apply to everyone in China. There’s people living in China that want to have Bitcoin though they can’t and there’s some people in that area that want to purchase something that will make them money (not knowing that Bitcoin is a route to make them some nice amount of cash).
Bitcoin is being bought from the major people in China that want more Bitcoins in their wallets so they could dominate the market when the price of Bitcoin gets expensive. I am pretty sure that we haven’t seen anything yet.

eaLiTy

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Have Fun )@@( Stay Safe

Quote from: mayax on September 08, 2017, 11:45:18 AM

it seems that all the chinese exchangers will be closed for a while. it's a normal decision because they made so many illegalities (willy bot, market manipulation and so on). Cheesy

What is the difference between a Chinese exchange and the rest of the exchanges,i am sure they all are running the same way and what makes you think that only illegal funds will be moved through those exchanges and not from the rest,the news has created a huge dip in the market but i really hopes that it will recover at a later time,does it say that it is just a temporary shut down.

mobnepal

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This doesn't make any sense at all why chinese government need to shut down trading platform that are serving well and all of them are licensed trading platform.

Also it is quite hard to actually understand the given article even after using google translation, translated version looks broken.

SakamHost

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I dont see why peoples like the china ban? So you guys want the price to go back to 10$ ? And no one to use bitcoin? The price should go higher and higher not downer and downer, many peoples love this because they can profit like buy for low then sell for high but what if btc go down and dont come back to up? Their money will be just lost.

EllaPonchik

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Dream of the Great

The Chinese are very smart, have accumulated bitcoins and now can do anything with the market.

SONG GEET

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Quote from: flag39 on September 08, 2017, 01:23:09 PM

Chinese Government bans the exchanges in China(for what I read above could be a good thing) but they can not ban Chinese people to use exchanges in other countries. Could they?

They can't but how those chinese will be able to withdraw out fiat from those exchange to their bitcoin wallet if their government will strictly restrict the use of bitcoin trading platform.

however this looks like just another assumption rather than a real news. Wait for official announcement...

squatter

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STOP SNITCHIN'

Quote from: bitorama on September 08, 2017, 12:24:06 PM

it doesn't matter, bitcoin is decentralized

I don't even think the news is accurate. No one can confirm the story. I reached out to a Chinese friend on WeChat and he said this is classic FUD; he's trading on OKCoin as we speak.

This is just like the "China bans Bitcoin" episodes of 2013/2014. This time around, the Chinese exchanges have less influence on the market.

flag39

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Chinese Government bans the exchanges in China(for what I read above could be a good thing) but they can not ban Chinese people to use exchanges in other countries. Could they?

marky89

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Quote from: mayax on September 08, 2017, 11:45:18 AM

it seems that all the chinese exchangers will be closed for a while. it's a normal decision because they made so many illegalities (willy bot, market manipulation and so on). Cheesy

http://m.finance.caixin.com/m/2017-09-08/101142797.html

That means Okcoin, BTC china, Huobi and many others will be closed. "the plague" begins to be cleaned

Caixin was the first one to report on the ICO ban before the official documents came out so, they should be credible

I would take this with a grain of salt for now. If this were true, OKCoin, Huobi, etc. would have halted trading. Trading is still live on Chinese exchanges right now, like any other day. cnLedger, the most reputable Chinese source I know, says there is no confirmation of the Caixin story, and that they confirmed with the major exchanges that they received no such notice to shut down.

See: https://mobile.twitter.com/cnLedger/status/906195967908601856
OKCoin confirms business as usual: https://mobile.twitter.com/cnLedger/status/906197219560136705

Reid

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Thank God some good changes will happen. Good thing they started cleaning on their country rather than speculating others.
They have the largest mining services and many of those are not legit.
This will be a big change and instead of a fall in price the bitcoin might go up if this news will be spread accordingly. I mean no addition etc etc.
It is just shocking there is no soft ban. They go straight to the point and diminish it. Grin

geac.xraekhurcoe

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This will help boost the decentralization of exchanges, an exchange which cannot be regulated, without a single point for the government to act.

Topic: China bans exchangers / China exchangers CLOSED - page 7. (Read 4769 times)