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Topic: Largest Chinese Exchange Ordered Bank Shut Down By Apr 18 - page 2. (Read 7789 times)

legendary
Activity: 1204
Merit: 1002
RUM AND CARROTS: A PIRATE LIFE FOR ME
What is interesting is that the stock market had it's worst drop today since 2011. Awfully big coincidence me thinks!

good point.
legendary
Activity: 1148
Merit: 1014
In Satoshi I Trust
legendary
Activity: 1148
Merit: 1014
In Satoshi I Trust
iam happy when we finally reach the 19.  Cheesy
member
Activity: 112
Merit: 10
Cryptocurrencies Exchange
Is it same user posting same info ?
legendary
Activity: 3766
Merit: 1217
So china is out of btc for now. Is that why btc price so low

China was just a secondary factor. It was the Mt Gox crash which took BTC from $1,200 to $400.
sr. member
Activity: 266
Merit: 250
So china is out of btc for now. Is that why btc price so low
legendary
Activity: 2674
Merit: 2965
Terminated.
Is bitcoin doomed because of this? or is this just another bump in the road?
No. It's a temporary set-back.
hero member
Activity: 798
Merit: 1000
Is bitcoin doomed because of this? or is this just another bump in the road?

That's your opinion.
In my opinion, just a huge bump in the road.
newbie
Activity: 14
Merit: 0
Is bitcoin doomed because of this? or is this just another bump in the road?
newbie
Activity: 20
Merit: 0
Time for China to stand up and overthrow it's control freak of a government who are simply old rich men in suits. They are corrupt, greedy stupid, lazy, fat, murderers- the Chinese government need to FINISH. They take Chinese freedom away with propaganda's commy lies since young children, they blind the Chinese with falsehoods since babies and let them be poor. See, freedom is come for a price you need to earn it and that is to say, China must turn it's guns on it'self, in particular, Beijing must die.
transmitting data containing this content is not very good for the chinese that frequent this board... hospital staff, legal workers, education leaders etc., would generally be required to submit such statements to their cpc department leader if it frequently occurs; subsequently they would not be allowed on to this forum, or the forum would be blocked from within china. please consider us chinese people when posting such data.
legendary
Activity: 2114
Merit: 1040
A Great Time to Start Something!


I am at a large wide-screen monitor and that looks great.  Smiley
legendary
Activity: 1302
Merit: 1008
Core dev leaves me neg feedback #abuse #political

This is all temporary.

The market can stay irrational longer than you can stay solvent.

...if you foolishly bought coins on margin.
full member
Activity: 210
Merit: 100
Time for China to stand up and overthrow it's control freak of a government who are simply old rich men in suits. They are corrupt, greedy stupid, lazy, fat, murderers- the Chinese government need to FINISH. They take Chinese freedom away with propaganda's commy lies since young children, they blind the Chinese with falsehoods since babies and let them be poor. See, freedom is come for a price you need to earn it and that is to say, China must turn it's guns on it'self, in particular, Beijing must die.
legendary
Activity: 4410
Merit: 4766

It seems you are still pretending this is FUD, right ?


do you bank with china?
do you deposit funds into the chinese bank of those exchanges?

if not, then dont get your pants in a twist. it doesnt affect you.

in america alot of banks are telling people to not deal bitcoins on there account and to use a different bank. this is no different at all.
in america alot of banks are telling people to not deal bitcoins on there account and to use a different bank. this is no different at all.

all that is materially/ physically / in reality happening is that some exchanges are now using commercial banks instead of federal banks..
when bitstamp/mtgox and other US Dollar exchanges had banking issues.. did anyone shout out for 3 months that the sky was falling no..

the only announcement and physical change customers noticed was a change of details for the bank they had to deposit to.

so stop making fear mungering statements that its a big deal, that the news is epic.. its not. in my eyes its just a change of bank details. customers wont be affected.
legendary
Activity: 1260
Merit: 1001
What is interesting is that the stock market had it's worst drop today since 2011. Awfully big coincidence me thinks!
TTM
full member
Activity: 140
Merit: 100
my opinion:
on the 14th a business changes bank account, with no impact on deposits or withdrawals. they then have 4 days to receive any delayed deposits that customers have sent to the old bank account. and move it to the new account. the business has access of both accounts between the 14th and 18th, and as such any customers accidentally depositing to the old account will still be credited to their exchange balance without impact.

summary:
as of the 14th, please use the new bank details for depositing, as the old details wont be accepted after the 18th.

no panic required
It seems you are still pretending this is FUD, right ?

What make you think those alternative bank accounts won't get closed eventually ? ICBC and Agricultural Banks, 2 of Big Four in China, has taken action against Bitcoin exchanges:
http://www.reddit.com/r/BitcoinMarkets/comments/22nyfj/btc_trade_china_april_15th_announcement/

What can be the reason for this extreme hostile manner from banks if it's not the order came from central bank ?

And here is human translation which is much better than your shitty Google or Bing translation: http://www.reddit.com/r/BitcoinMarkets/comments/22o672/huobi_announcement/
legendary
Activity: 1372
Merit: 1014
I hope that this will also cause Chinese ASIC manufacturers to switch from making ASICs to widgets - so that the difficulty can stabilise a bit.

BETTER

no one orders asics anymore due to the dropping price, this will result in excellent profitability in a year when no new miners hit the market
legendary
Activity: 1258
Merit: 1027
hero member
Activity: 546
Merit: 500
Carpe Diem
How much bad news can there be after China news is finally over?  Let's hope that is bottom, around the 15th.
legendary
Activity: 2674
Merit: 2965
Terminated.
This is all temporary.

Everyone is hoping so. We need some big news. I am afraid that if there is no positive news about the BTC in the very recent future, then we'll see the exchange rates dropping to $200.
I'm fine with that.
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