F*ck China! :-) (curren situation...? - page 2.

RockHound

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Quote from: S4VV4S on April 04, 2014, 09:21:03 AM

Quote from: RockHound on April 04, 2014, 09:07:16 AM

Quote from: S4VV4S on April 04, 2014, 07:30:26 AM

Bitcoin ban my ass: http://www.coindesk.com/btc-china-dismisses-pboc-fears-open-letter/

I told you there is NO COUNTRY that can successfully ban Bitcoin.....

I just read the article - Think some folks at CoinDesk want to inflate/stabilize btc price index over the weekend : )

The headline should read "btc china acknowledges pboc fears in open letter"

Bobby Lee is just waiting for official legislation? That's how it reads to me, what do you guys think?

Once again I repeat my self.
This time I will use Lee's words:

Quote

A P2P system would be next to impossible to dismantle, forcing it underground would simply make the risks much greater.

BTC protocol is robust, I agree. China cannot ban BTC - that would be ridiculous Cheesy

My point is that Chinese bitcoiners will lose the ability to rapidly fund their respective exchange(s) via their own bank account. This is currently a huge strategic advantage over European community.

S4VV4S

hero member

Activity: 1582

Merit: 502

Quote from: RockHound on April 04, 2014, 09:07:16 AM

Quote from: S4VV4S on April 04, 2014, 07:30:26 AM

Bitcoin ban my ass: http://www.coindesk.com/btc-china-dismisses-pboc-fears-open-letter/

I told you there is NO COUNTRY that can successfully ban Bitcoin.....

I just read the article - Think some folks at CoinDesk want to inflate/stabilize btc price index over the weekend : )

The headline should read "btc china acknowledges pboc fears in open letter"

Bobby Lee is just waiting for official legislation? That's how it reads to me, what do you guys think?

Once again I repeat my self.
This time I will use Lee's words:

Quote

A P2P system would be next to impossible to dismantle, forcing it underground would simply make the risks much greater.

RockHound

full member

Activity: 224

Merit: 100

Quote from: S4VV4S on April 04, 2014, 07:30:26 AM

Bitcoin ban my ass: http://www.coindesk.com/btc-china-dismisses-pboc-fears-open-letter/

I told you there is NO COUNTRY that can successfully ban Bitcoin.....

I just read the article - Think some folks at CoinDesk want to inflate/stabilize btc price index over the weekend : )

The headline should read "btc china acknowledges pboc fears in open letter"

Bobby Lee is just waiting for official legislation? That's how it reads to me, what do you guys think?

Beliathon

hero member

Activity: 784

Merit: 1000

https://youtu.be/PZm8TTLR2NU

Quote from: S4VV4S on April 04, 2014, 07:30:26 AM

Bitcoin ban my ass: http://www.coindesk.com/btc-china-dismisses-pboc-fears-open-letter/

I told you there is NO COUNTRY that can successfully ban Bitcoin.....

That's absolutely correct. Bitcoin empowers individuals. Much like with file sharing via torrents, it is up to each individual to decide for themselves.

Bitcion is sovereign above and beyond any single nation-state. Cryptocurrency is now the de facto Earth money for the 21st century.

bitcerto

full member

Activity: 151

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Doesn't matter who bans what. People who wish to use Bitcoin will find a way to connect with others. I just returned from Thailand (allegedly banned) and I had no problems using Local Bitcoins to buy and sell.

Beliathon

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https://youtu.be/PZm8TTLR2NU

Quote from: fryarminer on April 03, 2014, 08:10:09 PM

Quote from: Mikcik on April 03, 2014, 11:30:48 AM

what do you think, i sold half of my BTC and put buy back orders at lower values.

It's not wise to sell now. Buy buy buy!!!!!!

I can't tell you for certain whether this person is correct, but I CAN tell you that I just bought 3 more BTC at ~450...

Take from that what you will.

bryant.coleman

legendary

Activity: 3766

Merit: 1217

Quote from: kwukduck on April 04, 2014, 05:41:07 AM

Maybe China will ban bitcoin again a few more times, but the only ones panicking about that are us and eu people. China is buying up well over 95% of all the coins being dumped.

I don't think there is a any spike in BTC China volume.

S4VV4S

hero member

Activity: 1582

Merit: 502

Bitcoin ban my ass: http://www.coindesk.com/btc-china-dismisses-pboc-fears-open-letter/

I told you there is NO COUNTRY that can successfully ban Bitcoin.....

kwukduck

legendary

Activity: 1937

Merit: 1001

Maybe China will ban bitcoin again a few more times, but the only ones panicking about that are us and eu people. China is buying up well over 95% of all the coins being dumped.

thaaanos

sr. member

Activity: 370

Merit: 250

Quote from: descarte on April 04, 2014, 04:49:21 AM

The problem with the chinese is they have very short vision. They panicked too easily and therefore caused upheavals in bitcoin prices and hence causing stability problems and scared for bitcoin investors.

They hold 80% of all bitcoin exchanges and I hope this % can be more evenly distributed.

The problem with the chinese is that they suck up whatever trash the west sells them every time to balance the trade, opium, bonds, and now bitcoin. I wonder when they will say enough, is enough, No wonder they buy gold like crazy

descarte

full member

Activity: 195

Merit: 100

The problem with the chinese is they have very short vision. They panicked too easily and therefore caused upheavals in bitcoin prices and hence causing stability problems and scared for bitcoin investors.

They hold 80% of all bitcoin exchanges and I hope this % can be more evenly distributed.

serenitys

full member

Activity: 126

Merit: 101

Be Here Now

You'd think with all of the technological muscle Chinese people have, and the sheer discipline to get things done, that they'd have gotten about fed up already living in the dark ages and kicked communism in its ass...leaders, royalty, permission, fuck that. I KNOW if they can conjure up some craziness to scare housewives in Kentucky, they oughtta be able to rid themselves of communist leaders and crazy psychopathic nutters.

I mean shoot back already. It's the 21st fucking century...all these backwards assed tribal arrogant sociopathic regimes - the fuck's wrong with people.

Kim jung whatshisface is a punk...seriously.

http://f.kulfoto.com/pic/0001/0044/Dz4Uo43226.jpg

Grin

MeandMissNoob

newbie

Activity: 20

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https://i.imgur.com/sgKk8Uc.jpg?1
made this specialy for the Chinese Banners

romang

member

Activity: 112

Merit: 10

China won't let any good things happen.

zahra4571

sr. member

Activity: 467

Merit: 250

Quote from: atp1916 on April 03, 2014, 01:37:58 PM

That's the thing: if all their exchange payment processor accounts are frozen / non-existent.. how are they gonna cash out?

This is why i posture that the worst is mostly behind us. Most if not all of those payment processor entities have already stopped doing business with the exchanges.

There may be some stragglers here and there, but by and large, yesterday was April 15th for all practical purposes.

There are still many options like perfect money, webmoney, western union, moneygram, paypal, skrill, ukash and anonymous visa cards and many more.

bryant.coleman

legendary

Activity: 3766

Merit: 1217

Quote from: BigBoy89 on April 03, 2014, 12:25:39 PM

Iceland? they banned bitcoin and allow auroracoin?

Here:

Quote

According to the Central Bank of Iceland, domestic entities are not allowed to buy bitcoins from foreign entities, as such transactions are considered a capital movement out of the country. Such transactions are illegal due to the capital controls imposed in the country after the collapse of the banking system in 2008

CrimePro

newbie

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Quote from: atp1916 on April 03, 2014, 11:36:12 AM

Quote from: Mikcik on April 03, 2014, 11:30:48 AM

Im getting tired and confused with the stupid situation in china... whats your take on this...
Russia did banned bitcoin, right? (after the innitial denial and saying it was just a hoax it managed to "break through" as beeing a truth, if im not mistaken?)

My take is that Communist countries are not good markets for Bitcoin.

I think Communist countries need BTC to break the rule. But yes, you are right, those countries are not good market.

fryarminer

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Activity: 686

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Quote from: Mikcik on April 03, 2014, 11:30:48 AM

what do you think, i sold half of my BTC and put buy back orders at lower values.

It's not wise to sell now. Buy buy buy!!!!!!

If people are willing to sell, buy buy buy.

Just keep buying. You'll be happy later when bitcoin is valued at $5000 each.

leopard2

legendary

Activity: 1372

Merit: 1014

HAHAHA

in the end it will be ban here ban there, ban everywhere

ban ban ban ban ban ban ban ban ban ban ban

and BTC will be $2000 anyways (because it would be $20 000 without the bans)

S4VV4S

hero member

Activity: 1582

Merit: 502

Quote from: po1992one on April 03, 2014, 05:46:49 PM

Quote from: atp1916 on April 03, 2014, 01:37:58 PM

That's the thing: if all their exchange payment processor accounts are frozen / non-existent.. how are they gonna cash out?

Buy goods or services with Bitcoins Huh

Nope, they will cash out on another exchange and forge whatever papers required for their bank.
Simple!

Topic: F*ck China! :-) (curren situation...? - page 2. (Read 3913 times)