Hongkong lawmakers wants to ban Bitcoin!! Bitfinex, Huobi, Okcoin in danger!!!

Abdussamad

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Quote from: Honeybooboo on February 11, 2015, 08:36:44 AM

The thread title is pretty alarmist and misleading. They don't want to ban it but this one guy seemingly does.

Quote from: ?? on ??

IS HK a nanny state?

No, but it's a communist one (or at least belongs to one - China).

China is communist in name only. It's economic system is a mixed economy not a communist one.

duckydonald

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Activity: 378

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Pre-sale - March 18

We just got rick rolled

BootstrapCoinDev

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Lol good luck Hong Kong. It'll go about as well as shutting down the cell towers during the Occupy movement . Lookup FireChat for anyone that doesnt know.

rememberme

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Agreed with Gadman

johnyj

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Beyond Imagination

What's wrong with their site? It seems https://mycoin.hk/ is still running, did anyone call their number?

gadman2

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You're in danger by using these exchanges regardless of if they're in danger by their own customs.

CanadaBits

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www.DonateMedia.org

Wont happen

flipstyle

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ITT: bagholders shitting their pants in denial of reality. 'quit spreadin fud brah!'

lolllll good luck with this one, gaize!

darkangel11

legendary

Activity: 2478

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Don't let others control your BTC -> self custody

Please not this shit again Sad

leopard2

legendary

Activity: 1372

Merit: 1014

Read, then you will find that Mycoin was not an exchange but a weird sort of investment scam that smells like Ponzi.

Completely different from what the Chinese major exchanges do.

MyCoin promised clients a return of HK$1 million ($128,966) over a 4-month period, based on a HK$400,000 investment that would produce 90 bitcoins on maturity, the South China Morning Post reported on Monday.

and the lawmakers do realize the difference, so I would be surprised if they ban Bitcoin outright...

The Hong Kong Monetary Authority (HKMA) said in a statement late on Monday that the case "may involve fraud or pyramid schemes," adding: "Given the highly speculative nature of Bitcoin, we have all along urged the public to exercise extra caution when considering making transactions or investments with Bitcoin."

Good FUD but still FUD. Wink

Phoenix1969

legendary

Activity: 938

Merit: 1000

LIR DEV

This is NOT FUD.
1. The PBOC ban in China between banks and exchanges goes into effect on China's new year... a couple days away!
2. The lawmaker in HK has the backing of about 45 pissed-off customers to get the HK ban going.
3. The BIGGIE... ALL of the Chinese exchanges use vouchers claimable in HK because of the up-coming PBOC ban.

These three things = If an KH ban happens, BTC will drop to serious lows as all Chinese will be selling-off!
Market controlled price with the Chinese continuing to control over 70% of all trading spells disaster if they are forced to sell.
Strap in.
Grin

tss

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hey look how many people are reading my topic. i must really be someone. i feel better now.

unsoindovo

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https://locktrip.com/?refId=40964

Quote from: ?? on ??

IS HK a nanny state?

no!
it is just Hong Kong!!!

ChuckBuck

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Activity: 1372

Merit: 783

better everyday ♥

Quote from: fonzie on February 11, 2015, 02:48:00 PM

Quote from: ChuckBuck on February 11, 2015, 02:37:51 PM

Quote from: fonzie on February 11, 2015, 02:34:17 PM

Quote from: ChuckBuck on February 11, 2015, 02:24:09 PM

Quote from: PoS on February 11, 2015, 02:09:49 PM

Quote from: LiteCoinGuy on February 11, 2015, 01:01:52 PM

Accept That Bitcoin Is A Currency And Stop Blaming The Victims of Crime

In Hong Kong the Bitcoin “investment scheme” MyCoin has reportedly disappeared, along with over $350 million. The Hong Kong government’s response was to issue a warning about Bitcoin and digital currencies in general. That probably doesn't raise many eyebrows; we have all become accustomed to that response, but replace “Bitcoin” with almost anything else of value that could be stolen and the Hong Kong Monetary Authority (HKMA)'s reaction would be outrageous. There is no talk about investigating or attempting to prosecute the crime, just a warning. The attitude that comes across is “What do you expect if you own a virtual currency?” Replace those last two words with gold or U.S. dollars, or almost anything else for that matter, and the statement becomes an insult.

http://www.nasdaq.com/article/accept-that-bitcoin-is-a-currency-and-stop-blaming-the-victims-of-crime-cm442726

$350 million yeh its near enough to $8.1 mil
http://www.coindesk.com/mycoin-hong-kong-police-8-1-million/
there hasn't been a ban for a long time
ban number 826 coming up

Mt. Gox and BitStamp laugh at your $8.1 mill loss! Cool

At least BitStamp had the Slovenian balls to continue operating after their hack.

$8mill is Peanuts in the grand scheme of things (and hacks/losses) when it comes to exchanges. If anything it'll push customers towards either decentralized exchanges, or hyper regulated exchanges like the upcoming Gemini. Growth!

Sometimes you gotta crack a few eggs to make an omelette.

The fact(?) that only 8$ millions were lost for sure will attract new investors! Much growth! BULLISH AS FUCK! (Fuck the stupid victims btw...)

Hard to believe that you are serious, but i don´t have many doubts after what i have already seen on this board in the last 1-2 years-

Yes I'm serious. Peanuts, man. Compare it to Mt. Gox's lost coins and it's a drop in the bucket.

I know your sole reason is to troll the forums to get a rise out Bulltards and try to sway some noobs, but your modus operandi is so dam played out.

I am resting my case here. If you really think that events like these will produce growth (for BTC/USD(CNY)) then i have nothing left to say. You win

Thanks, I win! YIPPEEEE! Cool

That said, even if China/Hong Kong/1 or 2 lawmakers bans Bitcoin for the 334556 time, doesn't matter.

Bitcoin is more than 1 or 2 countries.

fonzie

hero member

Activity: 504

Merit: 500

Moderator

Quote from: ChuckBuck on February 11, 2015, 02:37:51 PM

Quote from: fonzie on February 11, 2015, 02:34:17 PM

Quote from: ChuckBuck on February 11, 2015, 02:24:09 PM

Quote from: PoS on February 11, 2015, 02:09:49 PM

Quote from: LiteCoinGuy on February 11, 2015, 01:01:52 PM

Accept That Bitcoin Is A Currency And Stop Blaming The Victims of Crime

In Hong Kong the Bitcoin “investment scheme” MyCoin has reportedly disappeared, along with over $350 million. The Hong Kong government’s response was to issue a warning about Bitcoin and digital currencies in general. That probably doesn't raise many eyebrows; we have all become accustomed to that response, but replace “Bitcoin” with almost anything else of value that could be stolen and the Hong Kong Monetary Authority (HKMA)'s reaction would be outrageous. There is no talk about investigating or attempting to prosecute the crime, just a warning. The attitude that comes across is “What do you expect if you own a virtual currency?” Replace those last two words with gold or U.S. dollars, or almost anything else for that matter, and the statement becomes an insult.

http://www.nasdaq.com/article/accept-that-bitcoin-is-a-currency-and-stop-blaming-the-victims-of-crime-cm442726

$350 million yeh its near enough to $8.1 mil
http://www.coindesk.com/mycoin-hong-kong-police-8-1-million/
there hasn't been a ban for a long time
ban number 826 coming up

Mt. Gox and BitStamp laugh at your $8.1 mill loss! Cool

At least BitStamp had the Slovenian balls to continue operating after their hack.

$8mill is Peanuts in the grand scheme of things (and hacks/losses) when it comes to exchanges. If anything it'll push customers towards either decentralized exchanges, or hyper regulated exchanges like the upcoming Gemini. Growth!

Sometimes you gotta crack a few eggs to make an omelette.

The fact(?) that only 8$ millions were lost for sure will attract new investors! Much growth! BULLISH AS FUCK! (Fuck the stupid victims btw...)

Hard to believe that you are serious, but i don´t have many doubts after what i have already seen on this board in the last 1-2 years-

Yes I'm serious. Peanuts, man. Compare it to Mt. Gox's lost coins and it's a drop in the bucket.

I know your sole reason is to troll the forums to get a rise out Bulltards and try to sway some noobs, but your modus operandi is so dam played out.

I am resting my case here. If you really think that events like these will produce growth (for BTC/USD(CNY)) then i have nothing left to say. You win

PolarPoint

hero member

Activity: 672

Merit: 500

Hong Kong is part of China. If China wants to ban bitcoin in Hong Kong, they now have the excuse. I think they should draft regulations and not a complete ban.

ChuckBuck

hero member

Activity: 1372

Merit: 783

better everyday ♥

Quote from: fonzie on February 11, 2015, 02:34:17 PM

Quote from: ChuckBuck on February 11, 2015, 02:24:09 PM

Quote from: PoS on February 11, 2015, 02:09:49 PM

Quote from: LiteCoinGuy on February 11, 2015, 01:01:52 PM

Accept That Bitcoin Is A Currency And Stop Blaming The Victims of Crime

In Hong Kong the Bitcoin “investment scheme” MyCoin has reportedly disappeared, along with over $350 million. The Hong Kong government’s response was to issue a warning about Bitcoin and digital currencies in general. That probably doesn't raise many eyebrows; we have all become accustomed to that response, but replace “Bitcoin” with almost anything else of value that could be stolen and the Hong Kong Monetary Authority (HKMA)'s reaction would be outrageous. There is no talk about investigating or attempting to prosecute the crime, just a warning. The attitude that comes across is “What do you expect if you own a virtual currency?” Replace those last two words with gold or U.S. dollars, or almost anything else for that matter, and the statement becomes an insult.

http://www.nasdaq.com/article/accept-that-bitcoin-is-a-currency-and-stop-blaming-the-victims-of-crime-cm442726

$350 million yeh its near enough to $8.1 mil
http://www.coindesk.com/mycoin-hong-kong-police-8-1-million/
there hasn't been a ban for a long time
ban number 826 coming up

Mt. Gox and BitStamp laugh at your $8.1 mill loss! Cool

At least BitStamp had the Slovenian balls to continue operating after their hack.

$8mill is Peanuts in the grand scheme of things (and hacks/losses) when it comes to exchanges. If anything it'll push customers towards either decentralized exchanges, or hyper regulated exchanges like the upcoming Gemini. Growth!

Sometimes you gotta crack a few eggs to make an omelette.

The fact(?) that only 8$ millions were lost for sure will attract new investors! Much growth! BULLISH AS FUCK! (Fuck the stupid victims btw...)

Hard to believe that you are serious, but i don´t have many doubts after what i have already seen on this board in the last 1-2 years-

Yes I'm serious. Peanuts, man. Compare it to Mt. Gox's lost coins and it's a drop in the bucket.

I know your sole reason is to troll the forums to get a rise out Bulltards and try to sway some noobs, but your modus operandi is so dam played out.

fonzie

hero member

Activity: 504

Merit: 500

Moderator

Quote from: ChuckBuck on February 11, 2015, 02:24:09 PM

Quote from: PoS on February 11, 2015, 02:09:49 PM

Quote from: LiteCoinGuy on February 11, 2015, 01:01:52 PM

Accept That Bitcoin Is A Currency And Stop Blaming The Victims of Crime

In Hong Kong the Bitcoin “investment scheme” MyCoin has reportedly disappeared, along with over $350 million. The Hong Kong government’s response was to issue a warning about Bitcoin and digital currencies in general. That probably doesn't raise many eyebrows; we have all become accustomed to that response, but replace “Bitcoin” with almost anything else of value that could be stolen and the Hong Kong Monetary Authority (HKMA)'s reaction would be outrageous. There is no talk about investigating or attempting to prosecute the crime, just a warning. The attitude that comes across is “What do you expect if you own a virtual currency?” Replace those last two words with gold or U.S. dollars, or almost anything else for that matter, and the statement becomes an insult.

http://www.nasdaq.com/article/accept-that-bitcoin-is-a-currency-and-stop-blaming-the-victims-of-crime-cm442726

$350 million yeh its near enough to $8.1 mil
http://www.coindesk.com/mycoin-hong-kong-police-8-1-million/
there hasn't been a ban for a long time
ban number 826 coming up

Mt. Gox and BitStamp laugh at your $8.1 mill loss! Cool

At least BitStamp had the Slovenian balls to continue operating after their hack.

$8mill is Peanuts in the grand scheme of things (and hacks/losses) when it comes to exchanges. If anything it'll push customers towards either decentralized exchanges, or hyper regulated exchanges like the upcoming Gemini. Growth!

Sometimes you gotta crack a few eggs to make an omelette.

The fact(?) that only 8$ millions were lost for sure will attract new investors! Much growth! BULLISH AS FUCK! (Fuck the stupid victims btw...)

Hard to believe that you are serious, but i don´t have many doubts after what i have already seen on this board in the last 1-2 years-

ChuckBuck

hero member

Activity: 1372

Merit: 783

better everyday ♥

Quote from: PoS on February 11, 2015, 02:09:49 PM

Quote from: LiteCoinGuy on February 11, 2015, 01:01:52 PM

Accept That Bitcoin Is A Currency And Stop Blaming The Victims of Crime

In Hong Kong the Bitcoin “investment scheme” MyCoin has reportedly disappeared, along with over $350 million. The Hong Kong government’s response was to issue a warning about Bitcoin and digital currencies in general. That probably doesn't raise many eyebrows; we have all become accustomed to that response, but replace “Bitcoin” with almost anything else of value that could be stolen and the Hong Kong Monetary Authority (HKMA)'s reaction would be outrageous. There is no talk about investigating or attempting to prosecute the crime, just a warning. The attitude that comes across is “What do you expect if you own a virtual currency?” Replace those last two words with gold or U.S. dollars, or almost anything else for that matter, and the statement becomes an insult.

http://www.nasdaq.com/article/accept-that-bitcoin-is-a-currency-and-stop-blaming-the-victims-of-crime-cm442726

$350 million yeh its near enough to $8.1 mil
http://www.coindesk.com/mycoin-hong-kong-police-8-1-million/
there hasn't been a ban for a long time
ban number 826 coming up

Mt. Gox and BitStamp laugh at your $8.1 mill loss! Cool

At least BitStamp had the Slovenian balls to continue operating after their hack.

$8mill is Peanuts in the grand scheme of things (and hacks/losses) when it comes to exchanges. If anything it'll push customers towards either decentralized exchanges, or hyper regulated exchanges like the upcoming Gemini. Growth!

Sometimes you gotta crack a few eggs to make an omelette.

PoS

full member

Activity: 223

Merit: 101

If you can be anything, be kind and fair

Quote from: LiteCoinGuy on February 11, 2015, 01:01:52 PM

Accept That Bitcoin Is A Currency And Stop Blaming The Victims of Crime

In Hong Kong the Bitcoin “investment scheme” MyCoin has reportedly disappeared, along with over $350 million. The Hong Kong government’s response was to issue a warning about Bitcoin and digital currencies in general. That probably doesn't raise many eyebrows; we have all become accustomed to that response, but replace “Bitcoin” with almost anything else of value that could be stolen and the Hong Kong Monetary Authority (HKMA)'s reaction would be outrageous. There is no talk about investigating or attempting to prosecute the crime, just a warning. The attitude that comes across is “What do you expect if you own a virtual currency?” Replace those last two words with gold or U.S. dollars, or almost anything else for that matter, and the statement becomes an insult.

http://www.nasdaq.com/article/accept-that-bitcoin-is-a-currency-and-stop-blaming-the-victims-of-crime-cm442726

$350 million yeh its near enough to $8.1 mil
http://www.coindesk.com/mycoin-hong-kong-police-8-1-million/
there hasn't been a ban for a long time
ban number 826 coming up

Topic: Hongkong lawmakers wants to ban Bitcoin!! Bitfinex, Huobi, Okcoin in danger!!! (Read 3280 times)