I'm holding ... who needs China 
No kidding. A few months ago we didn't know there were Chinese bitcoiners.
Yes, when bitcoin was 100 USD
The thought of that $100 XBT makes me excited yet sad at the same time
Topic: Reason for Today's Crash: China Bans Bitcoin Payment Processors - page 4. (Read 10463 times)
December 16, 2013, 02:18:18 PM
No kidding. A few months ago we didn't know there were Chinese bitcoiners.
Yes, when bitcoin was 100 USD
The thought of that $100 XBT makes me excited yet sad at the same time
December 16, 2013, 02:18:03 PM
So they are cashing out and the price should drop for a while until we are where we would be without them, plus whatever they do localbitcoins style. Interesting.
December 16, 2013, 02:10:10 PM
If indeed this is confirmed further in the next couple of days, This means Chinese can't deposit money to exchanges, which is very grave.
wut?? this means that only people outside of China can still transfer money to Chinese exchanges?
This is further clarified in the article:
People will still be able to withdraw their money from Chinese exchanges, they just won’t be able to deposit new funds. - You can only sell Bitcoins on exchange and withdraw Fiat, but not deposit Fiat to buy coins.
People will still be able to sell their bitcoins for local currency and then withdraw that currency
December 16, 2013, 01:57:40 PM
This thread is very unenlightening.
December 16, 2013, 01:57:22 PM
Then BTCChina is dead, and users are just getting money out... IGNORE THEIR PRICES.
December 16, 2013, 01:55:39 PM
I'm holding ... who needs China
No kidding. A few months ago we didn't know there were Chinese bitcoiners.
Yes, when bitcoin was 100 USD
December 16, 2013, 01:51:16 PM
December 16, 2013, 01:50:48 PM
If indeed this is confirmed further in the next couple of days, This means Chinese can't deposit money to exchanges, which is very grave.
wut?? this means that only people outside of China can still transfer money to Chinese exchanges?
December 16, 2013, 01:48:32 PM
Quote
“There’s no need to panic and do a run on the bank. People will still be able to sell their bitcoins for local currency and then withdraw that currency,”
So they can still sell their coins, but no one can deposit money into the echanges? Things will not be good for a few weeks, imo.
December 16, 2013, 01:48:02 PM
Finally the bears will come out to play, 400ish coming soon...
December 16, 2013, 01:45:44 PM
BUY NOW CHEAP
December 16, 2013, 01:44:55 PM
I'm holding ... who needs China
No kidding. A few months ago we didn't know there were Chinese bitcoiners.
December 16, 2013, 01:44:13 PM
Anyone have any other sources ?
This seems a little strange to me.
This seems a little strange to me.
DONT THINK, SELLBTCBTCBTC
Sell so you can buy it all?
December 16, 2013, 01:43:04 PM
Anyone have any other sources ?
This seems a little strange to me.
This seems a little strange to me.
DONT THINK, SELLBTCBTCBTC
December 16, 2013, 01:42:39 PM
Anyone have any other sources ?
This seems a little strange to me.
This seems a little strange to me.
Just watch the charts and cry
December 16, 2013, 01:41:53 PM
Anyone have any other sources ?
This seems a little strange to me.
This seems a little strange to me.
December 16, 2013, 01:33:55 PM
I'm holding ... who needs China
December 16, 2013, 01:22:20 PM
Oh shit :O
Time to sell everything I've got left.
Time to sell everything I've got left.
December 16, 2013, 01:19:29 PM
Bitcoin is crashing at 25% so far, it seems there are rumors that China banned Bitcoin payment processors from dealing with Bitcoin Exchanges, some confirming this to be true.
http://www.coindesk.com/china-bans-payment-companies-working-bitcoin-exchanges-sources-claim/
If indeed this is confirmed further in the next couple of days, This means Chinese can't deposit money to exchanges, which is very grave.
I wish all Bitcoiners the best in the coming days.
http://www.coindesk.com/china-bans-payment-companies-working-bitcoin-exchanges-sources-claim/
If indeed this is confirmed further in the next couple of days, This means Chinese can't deposit money to exchanges, which is very grave.
I wish all Bitcoiners the best in the coming days.
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