The worst scenario seems that chinese exchanges can't be fueled with money any more.
Suspect, this will happen - what will chinese people do with their bitcoins? If they sell them all on chinese exchanges, prices will drop to a very low bottom. Western exchanges wouldn't follow it, no chance for arbitrage. So chinese bitcoiners could sell Bitcoins way under the global value on their exchanges, hold them to wait for better times, or look for opportunities to spend them - either in a chinese blackmarket or outside china.
Interesting times are coming.
Topic: Reason for Today's Crash: China Bans Bitcoin Payment Processors (Read 10482 times)
December 17, 2013, 05:25:41 PM
All news that originates from china must be observed carefully. The most recent news about the regulatory update is sketchy at best. Either way bitcoin does as it has in the past massive drop that builds into a massive rise.
December 17, 2013, 02:52:14 PM
Maybe they will find a way through the black market? Chinese probably expected this ban. I'm not seeing a massive price dip yet, given the news and am becoming more skeptical of a crash to the 3 or 500s.
December 17, 2013, 11:49:51 AM
It's my understanding that the China entities have until sometime in January to cut off ties with BTC processors. So it could either crash now or there could just be downward pressure for a while due to the Chinese selling. However I bet many Chinese have other ways to buy BTC, unless the gov. blocks all BTC sites, which I have not heard about them trying to do.
December 17, 2013, 11:41:07 AM
I'm in China and speak Chinese:
- The BTC website is still accepting payments from my bank
- I called them and they told me that withdrawals are still happening and I can withdraw FIAT. My guess is that they are cash rich as people putting money in there and withdrawing it overseas.
- Great arbitrage ops at the moment
it probably takes a couple of weeks for the law to be implemented.
coin desk did another article today confirming this news further:
http://www.coindesk.com/sources-confirm-chinas-payment-processor-ban-bitcoin-price-falls/
December 17, 2013, 01:36:55 AM
I'm in China and speak Chinese:
- The BTC website is still accepting payments from my bank
- I called them and they told me that withdrawals are still happening and I can withdraw FIAT. My guess is that they are cash rich as people putting money in there and withdrawing it overseas.
- Great arbitrage ops at the moment
Call them again and ask them to make an announcement in the front page and clarify the situtation.
December 16, 2013, 11:37:40 PM
I'm in China and speak Chinese:
- The BTC website is still accepting payments from my bank
- I called them and they told me that withdrawals are still happening and I can withdraw FIAT. My guess is that they are cash rich as people putting money in there and withdrawing it overseas.
- Great arbitrage ops at the moment
December 16, 2013, 11:11:11 PM
Someone's noticed the informational uncertainty between China and the West and is exploiting it to manipulate the market. The gullible people will have their lunch eaten by the more astute observers.
December 16, 2013, 09:51:54 PM
The crash in btcchina speaks of itself. I don't think that the chinese are mislead about an article in reddit or coindesk or in anywhere else.
I think they know better what's going on and they respond by selling...
I think they know better what's going on and they respond by selling...
December 16, 2013, 09:28:25 PM
At least people are right about the bs part. Lots of that handy.
December 16, 2013, 09:26:54 PM
All bullshit;
http://www.reddit.com/r/Bitcoin/comments/1s61x1/what_the_actual_chinese_notice_not_summary_says/
http://www.reddit.com/r/Bitcoin/comments/1s61x1/what_the_actual_chinese_notice_not_summary_says/
Umm. That link is11 days old and concerns the FIRST announcement.
Wow.
December 16, 2013, 09:20:15 PM
According to this article: http://forexmagnates.com/china-bans-payment-firms-from-working-with-bitcoin-exchanges/
"Upon encountering these rumors on Chinese internet forums the financial newspaper “National Business Daily” contacted the PBOC and the leading third-party payment providers in China, Alipay and Tenpay, and they all confirmed the reports."
And third-party payment providers had big share of money going in and out of China exchanges ? Bank wire transfers seems most used I guess...
I don't know. The article (the English one) seems to indicate that people won't be able to make deposits from banks either, and people have until the Spring Festival (sometime in January?) to withdraw their fiat funds. I can't read Chinese, so I can't confirm this myself.
All bullshit;
http://www.reddit.com/r/Bitcoin/comments/1s61x1/what_the_actual_chinese_notice_not_summary_says/
http://www.reddit.com/r/Bitcoin/comments/1s61x1/what_the_actual_chinese_notice_not_summary_says/
That's an 11 day old post talking about a completely different topic than the news released yesterday.
December 16, 2013, 09:16:29 PM
If it is as simple as a mistranslation/misquote why is btcchina down more than any other exchange. Presumably the people on their can read the original statement as it was written.
December 16, 2013, 09:08:43 PM
No surprises here.
I suspect the mis-quote was spread by a whale or 2 that has also since sold some of his BTC to push the price down in preparation for their next big buy.
I suspect the mis-quote was spread by a whale or 2 that has also since sold some of his BTC to push the price down in preparation for their next big buy.
December 16, 2013, 08:58:31 PM
FUD all along then? Okay, but say that's the case, most people are not reading this thread. So, now what?
December 16, 2013, 08:49:09 PM
December 16, 2013, 08:11:21 PM
One thing people are discussing on here is the validity of the China news today. It seems likely that it is a false report. Everyone is panicking from the news of one reporter, who is interpreting one source.
According to this article: http://forexmagnates.com/china-bans-payment-firms-from-working-with-bitcoin-exchanges/
"Upon encountering these rumors on Chinese internet forums the financial newspaper “National Business Daily” contacted the PBOC and the leading third-party payment providers in China, Alipay and Tenpay, and they all confirmed the reports."
And third-party payment providers had big share of money going in and out of China exchanges ? Bank wire transfers seems most used I guess...
December 16, 2013, 08:00:18 PM
Chinese banks might get burned, if the only way to purchase bitcoin is cash purchase, then people have to withdraw money from banks to purchase bitcoin, and a mass scale of withdraw will create a bank run 
A run could only be caused if a large percent of depositors withdraw their money - but bitcoin users are probably something like 0.1% of people in China?
December 16, 2013, 07:15:27 PM
One thing people are discussing on here is the validity of the China news today. It seems likely that it is a false report. Everyone is panicking from the news of one reporter, who is interpreting one source.
Anyway too late to sell I guess, so hold might be better
Yes, but all this bad news is all coming one at a time... It seems like a conspiracy to me.
Who knows what bad news is still to come?
I was going to sell at $900 when the PBOC announcement was made, but then I only managed to sell at $814 earlier today.
December 16, 2013, 07:06:36 PM
One thing people are discussing on here is the validity of the China news today. It seems likely that it is a false report. Everyone is panicking from the news of one reporter, who is interpreting one source.
Anyway too late to sell I guess, so hold might be better
December 16, 2013, 07:04:45 PM
One thing people are discussing on here is the validity of the China news today. It seems likely that it is a false report. Everyone is panicking from the news of one reporter, who is interpreting one source.
According to this article: http://forexmagnates.com/china-bans-payment-firms-from-working-with-bitcoin-exchanges/
"Upon encountering these rumors on Chinese internet forums the financial newspaper “National Business Daily” contacted the PBOC and the leading third-party payment providers in China, Alipay and Tenpay, and they all confirmed the reports."
December 16, 2013, 06:51:47 PM
Just sold all my BTC!
Thanks for the advice.
Thanks for the advice.
December 16, 2013, 06:46:25 PM
One thing people are discussing on here is the validity of the China news today. It seems likely that it is a false report. Everyone is panicking from the news of one reporter, who is interpreting one source.
December 16, 2013, 06:23:20 PM
Holding like a boss
December 16, 2013, 06:16:55 PM
Chinese banks might get burned, if the only way to purchase bitcoin is cash purchase, then people have to withdraw money from banks to purchase bitcoin, and a mass scale of withdraw will create a bank run
December 16, 2013, 04:58:37 PM
2. Only 3rd-party payment processor transfers are banned. That is, you are still permitted to deposit and withdraw to/from BTCChina using your bank account. (This change was made so that China could keep a better track of capital flows for AML purposes.)
3. This is all FUD and nothing has changed.
3. This is all FUD and nothing has changed.
One of the two makes sence, especially the 3.
We would see some official statement if 2. happened I guess
December 16, 2013, 04:51:02 PM
What's nuts is that we were trickling downwards today anyway. Then the China news a few hours ago. A few coins sold and "boing" up we go like we hit the bottom! All those people with itchy trigger-fingers getting ready for the bottom of the trickle bought in early! Ironically the China news gave the price a new lease of life. Let's see where it goes.
All those people with itchy trigger-fingers getting ready for the bottom of the trickle bought in early! Ironically the China news gave the price a new lease of life. Let's see where it goes. December 16, 2013, 04:35:32 PM
I'm ambivalent I bought my bitcoins long time ago and currently only speculate with altcoins just for fun, paranoia is not good for health just wait for clarification don't make wild guesses.
He who panics first panics best 
+1
December 16, 2013, 04:06:12 PM
I'm ambivalent I bought my bitcoins long time ago and currently only speculate with altcoins just for fun, paranoia is not good for health just wait for clarification don't make wild guesses.
He who panics first panics best December 16, 2013, 04:01:31 PM
I'm ambivalent I bought my bitcoins long time ago and currently only speculate with altcoins just for fun, paranoia is not good for health just wait for clarification don't make wild guesses.
December 16, 2013, 03:58:18 PM
We are all missing something. Here are the possibilities as I see them:
1. All yuan transfers to BTCChina are banned.
2. Only 3rd-party payment processor transfers are banned. That is, you are still permitted to deposit and withdraw to/from BTCChina using your bank account. (This change was made so that China could keep a better track of capital flows for AML purposes.)
3. This is all FUD and nothing has changed.
I'm voting for number 2. Nowhere have I seen anything about banning all transfers in.
It's perfectly logical for the Chinese government to keep tabs on the movement of all money. They can do this by consolidating the channels it can move down.
Barring third party payments is an inevitable step in the course they've been taking. I don't see why anyone would be surprised by this. They're trying to keep it contained and tamed.
What they're doing is what all authorities would like to do. They're just not messing about.
December 16, 2013, 03:56:41 PM
China gave us Bitcoin $1250, fact can't be denied.
December 16, 2013, 03:55:07 PM
Looks like $1000 btc needed china...
December 16, 2013, 03:50:34 PM
December 16, 2013, 03:49:14 PM
Am I missing something here?
Sending money to an exchange from your Chinese bank account is surely classed as just another movement of cash. I assume a Chinese person can do a bank transfer to buy some garlic or gold in exactly the same way.
Sending money to an exchange from your Chinese bank account is surely classed as just another movement of cash. I assume a Chinese person can do a bank transfer to buy some garlic or gold in exactly the same way.
We are all missing something. Here are the possibilities as I see them:
1. All yuan transfers to BTCChina are banned.
2. Only 3rd-party payment processor transfers are banned. That is, you are still permitted to deposit and withdraw to/from BTCChina using your bank account. (This change was made so that China could keep a better track of capital flows for AML purposes.)
3. This is all FUD and nothing has changed.
December 16, 2013, 03:42:27 PM
Am I missing something here?
It's clear that banks and financial institutions are not allowed to deal in Bitcoin. They've also ruled that Bitcoin exchanges are legal and people can buy and sell them.
Sending money to an exchange from your Chinese bank account is surely classed as just another movement of cash. I assume a Chinese person can do a bank transfer to buy some garlic or gold in exactly the same way.
I've never used a third party payment system to buy Bitcoin in my entire life. Having investigated the sheer ball ache and sketchiness involved in doing so I'd actively avoid any exchange that required it.
I assume this is a move to keep closer tabs on the movement of money. Considering how China operates this shouldn't be surprising to anyone.
When I see a headline saying - 'All transfers from all sources are banned' is when I might start thinking it's over for China.
It's clear that banks and financial institutions are not allowed to deal in Bitcoin. They've also ruled that Bitcoin exchanges are legal and people can buy and sell them.
Sending money to an exchange from your Chinese bank account is surely classed as just another movement of cash. I assume a Chinese person can do a bank transfer to buy some garlic or gold in exactly the same way.
I've never used a third party payment system to buy Bitcoin in my entire life. Having investigated the sheer ball ache and sketchiness involved in doing so I'd actively avoid any exchange that required it.
I assume this is a move to keep closer tabs on the movement of money. Considering how China operates this shouldn't be surprising to anyone.
When I see a headline saying - 'All transfers from all sources are banned' is when I might start thinking it's over for China.
December 16, 2013, 03:37:55 PM
Oh Yeah !!!
Buying cheap coin
Buying cheap coin
December 16, 2013, 03:32:14 PM
I am sick and tired of this "nobody knows what chinese do" thingy.
Fuck them all
Fuck them all
yes but the good news is, that it looks like we may finally get clarity and that really is good cause nothing is as bad for some market as uncertainty
December 16, 2013, 03:22:47 PM
Assuming it's true* that you can withdraw but not deposit to BTCChina, then why would a rational individual withdraw? Whenever you have a one-way financial valve like this, it makes the less-restrictive money (money in BTCChina) worth more.
I can understand selling in the panic to buy back later, but Yuan in BTCChina--if the rumour is true--is now better than Yuan in a bank account.
I can understand selling in the panic to buy back later, but Yuan in BTCChina--if the rumour is true--is now better than Yuan in a bank account.
It could become a zero way valve in a matter of hours. Simply state that BTC withdraws are forbidden also. Raid on their servers. Take the remaining bitcoins. End of story.
Poisonous for CN government. Not gonna happen.
December 16, 2013, 03:21:16 PM
i don't quite get it. how is an exchange supposed to happen if funds cannot flow in + out?
i feel we are missing some important information here. the previous releases did not sound like they want to ban exchanges..
i feel we are missing some important information here. the previous releases did not sound like they want to ban exchanges..
I think your missing important information is China is essentially a communist capital state. They never have had the freedoms most westerners are concerned about losing. We complain about the fed. Their economic power is tightly held by the government.
This is no surprise.
The surprise for the Chinese gvmt in the end will be the fact the you cannot stop bitcoin trade.
But for now? Look out below. BTC technicals have been bad for a while. This news is gas on embers.
Chinese who didn't catch the news early wake up in a few hours, maybe another sell off.
Hmm. Not maybe IMHO. ☺☺
But the real good news is this just helps what is a needed retraction in price to speed up.
The west has a chance to lead in financial freedom here. But we need to see the us continue to back off from interfering with exchanges.
We need gentle regulation. Asap. And then see US exchanges gain steam. I believe this is true for the EU as well.
December 16, 2013, 03:16:12 PM
i don't quite get it. how is an exchange supposed to happen if funds cannot flow in + out?
i feel we are missing some important information here. the previous releases did not sound like they want to ban exchanges..
i feel we are missing some important information here. the previous releases did not sound like they want to ban exchanges..
I think your missing important information is China is essentially a communist capital state. They never have had the freedoms most westerners are concerned about losing. We complain about the fed. Their economic power is tightly held by the government.
This is no surprise.
The surprise for the Chinese gvmt in the end will be the fact the you cannot stop bitcoin trade.
But for now? Look out below. BTC technicals have been bad for a while. This news is gas on embers.
Chinese who didn't catch the news early wake up in a few hours, maybe another sell off.
December 16, 2013, 03:14:05 PM
i don't quite get it. how is an exchange supposed to happen if funds cannot flow in + out?
i feel we are missing some important information here. the previous releases did not sound like they want to ban exchanges..
i feel we are missing some important information here. the previous releases did not sound like they want to ban exchanges..
I think your missing important information is China is essentially a communist capital state. They never have had the freedoms most westerners are concerned about losing. We complain about the fed. Their economic power is tightly held by the government.
This is no surprise.
The surprise for the Chinese gvmt in the end will be the fact the you cannot stop bitcoin trade.
But for now? Look out below. BTC technicals have been bad for a while. This news is gas on embers.
December 16, 2013, 03:11:54 PM
I am sick and tired of this "nobody knows what chinese do" thingy.
Fuck them all
Fuck them all
December 16, 2013, 03:06:45 PM
Assuming it's true* that you can withdraw but not deposit to BTCChina, then why would a rational individual withdraw? Whenever you have a one-way financial valve like this, it makes the less-restrictive money (money in BTCChina) worth more.
I can understand selling in the panic to buy back later, but Yuan in BTCChina--if the rumour is true--is now better than Yuan in a bank account.
*I can't see this actually being true
I can understand selling in the panic to buy back later, but Yuan in BTCChina--if the rumour is true--is now better than Yuan in a bank account.
*I can't see this actually being true
it also means no new Yuan will be coming to Chinese exchanges, which is a huge blow for them.
December 16, 2013, 03:01:22 PM
Assuming it's true* that you can withdraw but not deposit to BTCChina, then why would a rational individual withdraw? Whenever you have a one-way financial valve like this, it makes the less-restrictive money (money in BTCChina) worth more.
I can understand selling in the panic to buy back later, but Yuan in BTCChina--if the rumour is true--is now better than Yuan in a bank account.
*I can't see this actually being true
I can understand selling in the panic to buy back later, but Yuan in BTCChina--if the rumour is true--is now better than Yuan in a bank account.
*I can't see this actually being true
December 16, 2013, 02:53:41 PM
Yeah, that's what we are seeing now 
what we are seeing now is called panic
when herd panics (either direction), rational thinking is turned off. 
December 16, 2013, 02:49:23 PM
If no more money cannot go in, owning Bitcoin for Chinese must be extremly valuable, the price will go much higher in China, Bitcoins can be used to move wealth out of China
Yeah, that's what we are seeing now
December 16, 2013, 02:46:22 PM
If no more money cannot go in, owning Bitcoin for Chinese must be extremly valuable, the price will go much higher in China, Bitcoins can be used to move wealth out of China
Yep, I guess a huge black market will emerge. In either case, it would be an interesting and long awaited confrontation between government and bitcoin. And bitcoin will win this, what remains to be seen is how fast.
But at what point is it all going to be too much trouble to deal with? Those who still own bitcoin in China can use them as a store of value, but given the level of regulation, it might be easier at this point to make a trip to Macau for poker chips or another alternative, like precious metals or something. It's really hanging by a thread.
December 16, 2013, 02:44:17 PM
So chinese are getting f in the a. I guess now they will see that unless they actually *own* their money they will be told what they can or can't do with it, like little children. Seems very bullish to me... After the panic dissipates in a week or two. Meanwhile, cheap coins.
Not sure if it's bullish for Bitcoin, but I feel it's kinda bearish for the Chinese economy. I was considering other ways to protect my savings, apart from Bitcoin, well... Today I made a decision that Chinese stocks are not going to be a part of my portfolio.
December 16, 2013, 02:40:32 PM
If no more money cannot go in, owning Bitcoin for Chinese must be extremly valuable, the price will go much higher in China, Bitcoins can be used to move wealth out of China
That's a pretty positive spin on it actually. But it essentially makes it useful for black market transactions again, which has value....but I thought we were past courting the black market.
December 16, 2013, 02:38:33 PM
If no more money cannot go in, owning Bitcoin for Chinese must be extremly valuable, the price will go much higher in China, Bitcoins can be used to move wealth out of China
Yep, I guess a huge black market will emerge. In either case, it would be an interesting and long awaited confrontation between government and bitcoin. And bitcoin will win this, what remains to be seen is how fast.
December 16, 2013, 02:38:20 PM
i don't quite get it. how is an exchange supposed to happen if funds cannot flow in + out?
i feel we are missing some important information here. the previous releases did not sound like they want to ban exchanges..
i feel we are missing some important information here. the previous releases did not sound like they want to ban exchanges..
started with the banks, now the payment processors.
December 16, 2013, 02:36:39 PM
If no more money cannot go in, owning Bitcoin for Chinese must be extremly valuable, the price will go much higher in China, Bitcoins can be used to move wealth out of China
That's a pretty positive spin on it actually. But it essentially makes it useful for black market transactions again, which has value....but I thought we were past courting the black market.
December 16, 2013, 02:34:28 PM
I would suggest having some perspective and stop contributing to volatility that puts traders off adopting Bitcoin, but I guess I would be pissing in the wind right? Obviously the actions in any one country matters to an International payment system and I'm an idiot.
It's the time of the year when most financial magazines and websites round up how well their stock picks have done and congratulating themselves on beating the trackers or maybe even getting over 20% growth on their portfolio over the year. Personally I am not ditching something that has outperformed everything else I hold by a huge margin and has the potential to do so again next year.
It's the time of the year when most financial magazines and websites round up how well their stock picks have done and congratulating themselves on beating the trackers or maybe even getting over 20% growth on their portfolio over the year. Personally I am not ditching something that has outperformed everything else I hold by a huge margin and has the potential to do so again next year.
December 16, 2013, 02:34:21 PM
If no more money cannot go in, owning Bitcoin for Chinese must be extremly valuable, the price will go much higher in China, Bitcoins can be used to move wealth out of China
December 16, 2013, 02:30:08 PM
i don't quite get it. how is an exchange supposed to happen if funds cannot flow in + out?
i feel we are missing some important information here. the previous releases did not sound like they want to ban exchanges..
i feel we are missing some important information here. the previous releases did not sound like they want to ban exchanges..
They aren't banning exchanges. That's the PR beauty of it. It's like a knife in the voodooo doll that kills you anyway.
December 16, 2013, 02:27:48 PM
i don't quite get it. how is an exchange supposed to happen if funds cannot flow in + out?
i feel we are missing some important information here. the previous releases did not sound like they want to ban exchanges..
i feel we are missing some important information here. the previous releases did not sound like they want to ban exchanges..
December 16, 2013, 02:25:28 PM
I remember only a week ago when all the bulls on here were patronizing everyone who sold their bitcoins based off the China news as sheeple who didn't understand what was happening and irrationally panic sold. Well, I guess those people had pretty good foresight afterall.
December 16, 2013, 02:22:45 PM
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
If true, I guess this is better than exchanges not being able to operate at all, but having to deposit in BTC prevents new people from coming in and obtaining bitcoins. Also, this doesn't bode well for what might happen in the future.
December 16, 2013, 02:20:44 PM
So chinese are getting f in the a. I guess now they will see that unless they actually *own* their money they will be told what they can or can't do with it, like little children. Seems very bullish to me... After the panic dissipates in a week or two. Meanwhile, cheap coins.
December 16, 2013, 02:18:18 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
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.
Jump to: