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Topic: CHINA CANT BAN BITCOINS!! (Read 3441 times)

newbie
Activity: 56
Merit: 0
April 01, 2014, 12:08:38 AM
#45
but even if there is adaption wont that mean that price will be more stable and wont crash 50% ? know what i mean

Why would it be more stable?  Just because a business hangs a sign that says, "Bitcoin accepted here", doesn't mean people actually have Bitcoin to spend or would even spend them if they had them.  Look at all these businesses that have done so since the rise to $1200.  If Bitcoins value was based at all on merchant adoption, it'd be at $10,000 plus already.  Instead, it's fallen to $450.   Undecided
member
Activity: 112
Merit: 10
March 31, 2014, 11:43:38 PM
#44
You know fiatleak shows buys and sells as coins in to a country right?

Very misleading   That site
newbie
Activity: 36
Merit: 0
March 31, 2014, 07:40:44 PM
#43
Does anybody have something solid of all the speculation around a "big" announcement coming on April 16?? Heard tons if rumours but nothing concrete. Obv this has to do with china. Regards
sr. member
Activity: 434
Merit: 251
March 31, 2014, 05:09:24 PM
#42
but even if there is adaption wont that mean that price will be more stable and wont crash 50% ? know what i mean
newbie
Activity: 56
Merit: 0
March 31, 2014, 03:24:26 PM
#41
China has already "banned" bitcoin 3 times.

Why would actually banning it matter?   Bitcoin has already shown its resiliency in the face of such news.

-B-

$1200 -> $450.  Where's this resiliency you speak of?

If new money isn't flowing in, the price of Bitcoin falls.  It's simple.  Even merchant adoption can't help, because they aren't buying bitcoin.  Anyone who thinks this is a non-issue is kidding themselves.  Numbers don't lie.



hero member
Activity: 854
Merit: 500
Nope..
March 31, 2014, 02:37:02 PM
#40
Bacon is now banned.  That is all.
newbie
Activity: 49
Merit: 0
March 31, 2014, 02:26:19 PM
#39
You know fiatleak shows buys and sells as coins in to a country right?

Yup, as well as other volume-related issues. However, though the price is dropping, there's still a buyer for every seller so far (or at least, there seems to be). Just how long can delayed reaction go in the PRC?  Am I incorrect to expect that buy orders would pull out and there would be a faster drop?

full member
Activity: 198
Merit: 102
March 31, 2014, 12:16:02 PM
#38
You know fiatleak shows buys and sells as coins in to a country right?
newbie
Activity: 49
Merit: 0
March 31, 2014, 12:11:10 PM
#37

The huge amount of BTC being bought in China (just watched 200BTC bought in 2 minutes on Fiatleak) does make one question reports of a ban.  It certainly could be that the news report was a repeat/reminder of the Dec announcement being deliberately misrepresented by journalists for hits or for market manipulation.



Honestly i hope you're correct and i'm wrong, because i'm also a Bitcoin holders just like you.

You are constantly arguing me with old information from December ban. I repeat again, we're facing with POSSIBLE brand new clampdown.

Apparently you don't know how chaotic it is on China coin market right now. Chinese keep dumping because they believe the rumor to be true, and yeah those Chinese traders have better picture about what's happening with them, they have more more about this rumor than us.

They're dumping, but someone is there sucking up the cheap coins, if everyone in China were dumping right now you can assume that prices would be significantly lower. 
TTM
full member
Activity: 140
Merit: 100
March 30, 2014, 10:59:28 AM
#36
ok so do you have any official statement from PBOC to deny that 'FUD' ? show me the ACTUAL QUOTES that say the rumor was a lie !
yeah you can't since central bank neither deny nor confirm. It's not a fud, it remains a rumor as long as no official information.

You'll never know util BTCChina and Huobi give out a statement saying that their bank accounts was forced to close.

flawed rebuttle you have,

the memo's you speak of went to BANKS and institutions and not exchanges. it was a reminder of the deadline.

BTCChina and Huobi have only received information to get licence in accordance to the telecommunications regulations.

no where on earth does it say citizens cannot trade bitcoins through their bank accounts.

try googling
关于进一步加强比特币风险防范工作的通知

which is the chinese for the name/title of the memo sent to banks. ignore the search results from media. and have a nice day


Honestly i hope you're correct and i'm wrong, because i'm also a Bitcoin holders just like you.

You are constantly arguing me with old information from December ban. I repeat again, we're facing with POSSIBLE brand new clampdown.

Apparently you don't know how chaotic it is on China coin market right now. Chinese keep dumping because they believe the rumor to be true, and yeah those Chinese traders have better picture about what's happening with them, they have more more about this rumor than us.
member
Activity: 170
Merit: 10
March 30, 2014, 10:18:04 AM
#35
Sometimes I think they are aliens not humans and reading peoples mind for your private keys is not a problem for them
donator
Activity: 1736
Merit: 1006
Let's talk governance, lipstick, and pigs.
March 30, 2014, 05:46:40 AM
#34
What is stopping mainland China from having Bitcoin ATMs?
legendary
Activity: 1162
Merit: 1000
March 30, 2014, 05:23:03 AM
#33
I also concur.
full member
Activity: 154
Merit: 100
Pm me if you're a casino developer!
March 30, 2014, 04:54:37 AM
#32
ok so do you have any official statement from PBOC to deny that 'FUD' ? show me the ACTUAL QUOTES that say the rumor was a lie !
yeah you can't since central bank neither deny nor confirm. It's not a fud, it remains a rumor as long as no official information.

You'll never know util BTCChina and Huobi give out a statement saying that their bank accounts was forced to close.

flawed rebuttle you have,

the memo's you speak of went to BANKS and institutions and not exchanges. it was a reminder of the deadline.

BTCChina and Huobi have only received information to get licence in accordance to the telecommunications regulations.

no where on earth does it say citizens cannot trade bitcoins through their bank accounts.

try googling
关于进一步加强比特币风险防范工作的通知

which is the chinese for the name/title of the memo sent to banks. ignore the search results from media. and have a nice day


I concur with this statement.
sr. member
Activity: 420
Merit: 250
March 30, 2014, 04:50:55 AM
#31
They can try to ban bit coins. Or don't.


It ultimately doesn't matter - china is irrelevant in the long term. There's whole world out there and US is still very much in the game albeit with a bit more regulations.


Funny how the chinese are trying to kill BTC while your 'hated uncle sam' is spearheading a corrected, level headed management of crypto which will see its integration into mainstream financial audience.


Cowards bark when wind is on their back, but come running back to daddy when shit really hits the fan. Still bitching and moaning in smaller voices though Cool

hero member
Activity: 588
Merit: 500
March 30, 2014, 04:31:05 AM
#30
they will not ban btc... bad things would happen... riots.. robberies.... earthquakes... flooding... they want a share of the cake...
newbie
Activity: 28
Merit: 0
March 30, 2014, 04:24:48 AM
#29
This is unconfirmed rumor, but it can reduce the Bitcoin, then a large number of acquisitions.
newbie
Activity: 28
Merit: 0
March 30, 2014, 01:48:50 AM
#28
Now the news has not really had to say in Bitcoin will be banned.
legendary
Activity: 1302
Merit: 1004
Core dev leaves me neg feedback #abuse #political
March 29, 2014, 07:03:17 PM
#27
Much the like torrent robbed corporations of their power to enforce copyright law, cryptocurrency strips nation-states of their power to enforce currency and tax law.

We are entering a new age of individual liberty and justice for all. Bitcoin is the democratization of money, and there's nothing anyone can do to stop it.

This is the most exciting technological advent to happen in any of our lifetimes. Cryptocurrency is the most subversive technology on the planet.

What is it with you and copyrights?  Do you feel its your right to take something without earning it
just because you can?  Do you feel no one should pay for music or movies?
If everyone thought that way, there would be no more major motion pictures, decline of music (which is already happening) etc
legendary
Activity: 4214
Merit: 4458
March 29, 2014, 06:31:19 PM
#26
ok so do you have any official statement from PBOC to deny that 'FUD' ? show me the ACTUAL QUOTES that say the rumor was a lie !
yeah you can't since central bank neither deny nor confirm. It's not a fud, it remains a rumor as long as no official information.

You'll never know util BTCChina and Huobi give out a statement saying that their bank accounts was forced to close.

flawed rebuttle you have,

the memo's you speak of went to BANKS and institutions and not exchanges. it was a reminder of the deadline.

BTCChina and Huobi have only received information to get licence in accordance to the telecommunications regulations.

no where on earth does it say citizens cannot trade bitcoins through their bank accounts.

try googling
关于进一步加强比特币风险防范工作的通知

which is the chinese for the name/title of the memo sent to banks. ignore the search results from media. and have a nice day
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