China just made Bitcoin pretty useless within China - page 2.

niothor

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in defi we trust

Quote from: bootlace on December 07, 2013, 04:38:22 PM

Quote from: dropt on December 07, 2013, 01:09:04 PM

Quote from: bootlace on December 06, 2013, 11:18:24 AM

Reports coming that Baidu/China Telecom have stopped accepting Bitcoin. All those people who badmouthed me can kiss my a$$.

You really need to read more than headlines, you just keep making yourself look like a fool.

Look like a tool? Im the first person on these forums to call this China thing major bad news and predict a slide down to the mid hundreds. Now go troll somewhere else idiot.

Modesty at it's best.

bootlace

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Quote from: dropt on December 07, 2013, 01:09:04 PM

Quote from: bootlace on December 06, 2013, 11:18:24 AM

Reports coming that Baidu/China Telecom have stopped accepting Bitcoin. All those people who badmouthed me can kiss my a$$.

You really need to read more than headlines, you just keep making yourself look like a fool.

Look like a tool? Im the first person on these forums to call this China thing major bad news and predict a slide down to the mid hundreds. Now go troll somewhere else idiot.

PenAndPaper

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Quote from: ksteve96 on December 07, 2013, 01:06:27 PM

Quote from: PenAndPaper on December 06, 2013, 11:31:56 PM

Quote from: ksteve96 on December 06, 2013, 07:09:39 PM

Well, my business partner in China read the article and got back to me.

Here is a direct quote from a Chinese business man in China

"That is Remind dangerous only. No constraints .so btc is ok for china "

Baidu already stopped accepting bitcoins. And unfortunately baidu's decisions have more impact to the price than your friend Embarrassed

I'm not trying to impact price. Thanks for jumping to the conclusion that I'm naive enough to think a short statement like that would make a difference.
All I'm saying is that the western interpretation is not in line with the Chinese interpretation.

And all i 'm saying is that the the only valid chinese interpretation is baidu's interpretation. And baidu decided to remove bitcoins because they don't want to use it anymore as a currency for services.

beaconpcguru

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Hello

Quote from: niothor on December 07, 2013, 01:27:42 PM

Quote from: beaconpcguru on December 07, 2013, 01:15:07 PM

Quote from: bootlace on December 06, 2013, 11:18:24 AM

Reports coming that Baidu/China Telecom have stopped accepting Bitcoin. All those people who badmouthed me can kiss my a$$.

Baidu was accepting a 10% preorder on one specific model of phone. A whopping 1.6 btc was received by them, conclusion = no effect anyway

Baidu?
Wasn't that a retailer of China telecom ?

They were offering to do 10% down payment on a phone and you they host a "cloudflare" like service that was available too. If anything about their received balance tells me that China is not buying BTC to spend

niothor

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in defi we trust

Quote from: beaconpcguru on December 07, 2013, 01:15:07 PM

Quote from: bootlace on December 06, 2013, 11:18:24 AM

Reports coming that Baidu/China Telecom have stopped accepting Bitcoin. All those people who badmouthed me can kiss my a$$.

Baidu was accepting a 10% preorder on one specific model of phone. A whopping 1.6 btc was received by them, conclusion = no effect anyway

Baidu?
Wasn't that a retailer of China telecom ?

beaconpcguru

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Hello

Quote from: bootlace on December 06, 2013, 11:18:24 AM

Reports coming that Baidu/China Telecom have stopped accepting Bitcoin. All those people who badmouthed me can kiss my a$$.

Baidu was accepting a 10% preorder on one specific model of phone. A whopping 1.6 btc was received by them, conclusion = no effect anyway

T.Stuart

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One Token to Move Anything Anywhere

Until it gets banned outright it's not useless to the Chinese at all. 99% of them are investing in bitcoin as if they were opening a high-interest savings account. That won't stop until an outright ban, which is not on the table at the moment.

dropt

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Quote from: bootlace on December 06, 2013, 11:18:24 AM

Reports coming that Baidu/China Telecom have stopped accepting Bitcoin. All those people who badmouthed me can kiss my a$$.

You really need to read more than headlines, you just keep making yourself look like a fool.

ksteve96

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alcedoplatform.com

Quote from: PenAndPaper on December 06, 2013, 11:31:56 PM

Quote from: ksteve96 on December 06, 2013, 07:09:39 PM

Well, my business partner in China read the article and got back to me.

Here is a direct quote from a Chinese business man in China

"That is Remind dangerous only. No constraints .so btc is ok for china "

Baidu already stopped accepting bitcoins. And unfortunately baidu's decisions have more impact to the price than your friend Embarrassed

I'm not trying to impact price. Thanks for jumping to the conclusion that I'm naive enough to think a short statement like that would make a difference.
All I'm saying is that the western interpretation is not in line with the Chinese interpretation.

PenAndPaper

sr. member

Activity: 252

Merit: 250

Quote from: ksteve96 on December 06, 2013, 07:09:39 PM

Well, my business partner in China read the article and got back to me.

Here is a direct quote from a Chinese business man in China

"That is Remind dangerous only. No constraints .so btc is ok for china "

Baidu already stopped accepting bitcoins. And unfortunately baidu's decisions have more impact to the price than your friend Embarrassed

ksteve96

full member

Activity: 624

Merit: 125

alcedoplatform.com

Well, my business partner in China read the article and got back to me.

Here is a direct quote from a Chinese business man in China

"That is Remind dangerous only. No constraints .so btc is ok for china "

pera

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Quote from: HappyBitCoinUser on December 06, 2013, 12:04:37 PM

tl;dr

So China created this bubble? They all got in (price goes up) and now they want out due to laws or regulations (price goes down).

Sorta funny actually.

and we are going to see things like this happening "hundred" of times in the future, but bitcoin we'll win at some point

HappyBitCoinUser

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tl;dr

So China created this bubble? They all got in (price goes up) and now they want out due to laws or regulations (price goes down).

Sorta funny actually.

Coinseeker

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Quote from: niothor on December 06, 2013, 11:23:01 AM

Quote from: bootlace on December 06, 2013, 11:18:24 AM

Reports coming that Baidu/China Telecom have stopped accepting Bitcoin. All those people who badmouthed me can kiss my a$$.

Baidu and China Telecom never accepted Bitcoin.
There was a small service from a company acquired by Baidu this year and a local dealer of China Telecom.

It's the signal that these companies are pulling out that is significant. Especially on the heels of yesterdays news. People can try to down play it if they want and maybe it will turn out to be no big deal but me thinks there is nothing bullish about this. China is largely responsible for this run up to $1k+ so if they are backing out, where does that leave the true value of Bitcoin?

bootlace

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Quote from: niothor on December 06, 2013, 11:23:01 AM

Quote from: bootlace on December 06, 2013, 11:18:24 AM

Reports coming that Baidu/China Telecom have stopped accepting Bitcoin. All those people who badmouthed me can kiss my a$$.

Baidu and China Telecom never accepted Bitcoin.
There was a small service from a company acquired by Baidu this year and a local dealer of China Telecom.

You know what I mean

niothor

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Activity: 826

Merit: 501

in defi we trust

Quote from: bootlace on December 06, 2013, 11:18:24 AM

Reports coming that Baidu/China Telecom have stopped accepting Bitcoin. All those people who badmouthed me can kiss my a$$.

Baidu and China Telecom never accepted Bitcoin.
There was a small service from a company acquired by Baidu this year and a local dealer of China Telecom.

bootlace

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Activity: 364

Merit: 100

Justice as a Service Infrastructure

Reports coming that Baidu/China Telecom have stopped accepting Bitcoin. All those people who badmouthed me can kiss my a$$.

FormerlyAnonymous

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I'm not particularly bullish/bearish in the mid term, but even so, I'm personally inclined to interpret major news outlets and government agencies expending their time and energy drafting carefully worded tracts explaining why bitcoin is a ponzi scheme, can't possibly work, should be banned or strictly regulated, is going to crash soon, etc., as a bullish indicator.

deltanine

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Quote from: User705 on December 06, 2013, 01:11:54 AM

Quote from: deltanine on December 06, 2013, 01:01:28 AM

Quote from: User705 on December 05, 2013, 08:58:08 PM

Quote from: HeliKopterBen on December 05, 2013, 08:42:37 PM

I wouldn't say no one is spending bitcoins...

http://www.economicpolicyjournal.com/2013/12/bitpay-transactions-soar.html

That does look good but what % of those merchants are keeping coins?

What does that matter?

Ever since I first joined this forum I've seen bears complain that Bitcoin was held up only by speculation and hoarding. Now we see the opposite complaint?

The difference is one there is actual product for bitcoin exchange the other is earlier investors buying products with their new wealth that is purely investment gains and the merchants simply cash it into fiat right away.

I suppose if they hoarded those coins instead of cashing out to fiat some bear around here would complain about merchants hoarding coin.

User705

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Quote from: deltanine on December 06, 2013, 01:01:28 AM

Quote from: User705 on December 05, 2013, 08:58:08 PM

Quote from: HeliKopterBen on December 05, 2013, 08:42:37 PM

I wouldn't say no one is spending bitcoins...

http://www.economicpolicyjournal.com/2013/12/bitpay-transactions-soar.html

That does look good but what % of those merchants are keeping coins?

What does that matter?

Ever since I first joined this forum I've seen bears complain that Bitcoin was held up only by speculation and hoarding. Now we see the opposite complaint?

The difference is one there is actual product for bitcoin exchange the other is earlier investors buying products with their new wealth that is purely investment gains and the merchants simply cash it into fiat right away.

Topic: China just made Bitcoin pretty useless within China - page 2. (Read 12562 times)