FUD.
My $.02.
Topic: I am confused what exactly will happen to the price of bitcoin on April 15? - page 2. (Read 1937 times)
April 07, 2014, 08:05:56 PM
April 15 is the US tax filing deadline for most people and has nothing to do with China.
FUD.
My $.02.
FUD.
My $.02.
April 07, 2014, 08:03:51 PM
The Chinese sold their coins already if BTC is really banned. Nobody is so stupid to wait until April 15th to sell his coins. Why would I wait until April 15th if I can sell them now for $450??
Nothing will happen.
Nothing will happen.
April 07, 2014, 06:32:56 PM
Well, I think most people here imagine that the ban only affects 3rd party payment processors (deadline for this ban is April 15th, which makes sense).
However, another major exchange (FXBTC, 10x more volume than BTC38) did receive a phone call from their banks to cancel their accounts. No other exchanges received any notice from banks, only 3rd party payments processors.
More recently, Bobby Lee told Coindesk that bank transfers will also be halted. Now, for most people, this is FUD, which is why we still didn't witness a big dump on the market. Here's what he said:
On April 4, a government paid shill made an interview saying that bank transfers will be halted. More evidence is emerging about bank cancelling their accounts with major exchanges. However, NONE OF THIS HAS BEEN ANNOUNCED, YET.
If it does happen, I expect a gigantic crash. For now, most people think it's FUD, I think it's very real. The government has good reasons to regulate Bitcoin.
OKCoin also announced that they're ready to move offshore. In any case, we need to wait for them to reveal their plans, nothing will happen otherwise
Most of the dumping until now (in the last two weeks) has been based on speculation about the ban. Nothing has happened yet.
However, another major exchange (FXBTC, 10x more volume than BTC38) did receive a phone call from their banks to cancel their accounts. No other exchanges received any notice from banks, only 3rd party payments processors.
More recently, Bobby Lee told Coindesk that bank transfers will also be halted. Now, for most people, this is FUD, which is why we still didn't witness a big dump on the market. Here's what he said:
Quote from: Bobby Lee
“What we’re hearing is that banks will disallow us from using commercial bank accounts to store customer deposits, what’s not clear to us yet is whether the business of running a bitcoin exchange will be classed as legal or not.”
On April 4, a government paid shill made an interview saying that bank transfers will be halted. More evidence is emerging about bank cancelling their accounts with major exchanges. However, NONE OF THIS HAS BEEN ANNOUNCED, YET.
If it does happen, I expect a gigantic crash. For now, most people think it's FUD, I think it's very real. The government has good reasons to regulate Bitcoin.
OKCoin also announced that they're ready to move offshore. In any case, we need to wait for them to reveal their plans, nothing will happen otherwise
Most of the dumping until now (in the last two weeks) has been based on speculation about the ban. Nothing has happened yet.
April 07, 2014, 06:31:06 PM
BTC price is so low that bad news will not have much effect.
Next big move will be UP.
Next big move will be UP.
April 07, 2014, 06:28:12 PM
Nothing, unless Huobi or BTCChina halt fiat deposits. The PBOC will likely not make a public statement, as their strategy seems to be to slowly kill off bitcoin in China without causing more speculative interest.
April 07, 2014, 06:25:21 PM
Don't listen to predictions, it's just people making guesses. No one knows the future.
Why don't you guess? Your guessing is just as valid as anyone.
Why don't you guess? Your guessing is just as valid as anyone.
I couldn't agree more. We already seen the price drop from the news. The day of nothing should change because of it.
April 07, 2014, 06:24:08 PM
I know what will happen to the banks in china. But what will it all end up meaning? What is the bottom line? Will the price go up or down?
Why should anything special happen to the price of BTC on April 15?
My $.02.
April 07, 2014, 06:23:34 PM
Don't listen to predictions, it's just people making guesses. No one knows the future.
Why don't you guess? Your guessing is just as valid as anyone.
Why don't you guess? Your guessing is just as valid as anyone.
April 07, 2014, 06:22:31 PM
The last China armageddon was the 31st of January. The usual suspects on here screamed and screamed and screamed about the death of everything even more so than usual. I'm sure they'll be spurting all over this thread soon.
On the day itself absolutely nothing of note occurred. The falls were already priced in. Maybe it'll be the same this time. Maybe not. China will not let you know in advance.
On the day itself absolutely nothing of note occurred. The falls were already priced in. Maybe it'll be the same this time. Maybe not. China will not let you know in advance.
April 07, 2014, 06:20:04 PM
I know what will happen to the banks in china. But what will it all end up meaning? What is the bottom line? Will the price go up or down?
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