Seriously not sub $300 yet?..... | Bitcointalksearch.org

emanymton

full member

Activity: 219

Merit: 106

Quote from: Ludwig Von Mises on December 19, 2013, 01:03:24 AM

Wrong. The problem was a technical one: the payment processor the china bitcoin exchanges used to xfer to the banks can no longer trade bitcoin. So the exchanges scrambled to come up with alternatives. Two of the china exchanges started accepting RMB again from banks and wire transfer already today (huobi.com and chbtc.com), and btcchina is expected to have their solution ready soon, per their website.

Once again people panic sell on rumor and FUD.

So, I suggest loading up on cheap bitcoin before the news trickles out to the world that China did not, in fact, ban bitcoin ! Grin

I never once said that, we'll see how this plays out.

Ludwig Von Mises

newbie

Activity: 7

Merit: 0

Wrong. The problem was a technical one: the payment processor the china bitcoin exchanges used to xfer to the banks can no longer trade bitcoin. So the exchanges scrambled to come up with alternatives. Two of the china exchanges started accepting RMB again from banks and wire transfer already today (huobi.com and chbtc.com), and btcchina is expected to have their solution ready soon, per their website.

Once again people panic sell on rumor and FUD.

So, I suggest loading up on cheap bitcoin before the news trickles out to the world that China did not, in fact, ban bitcoin ! Grin

emanymton

full member

Activity: 219

Merit: 106

Quote from: Ludwig Von Mises on December 18, 2013, 09:33:12 PM

Where did you get this information about "Jan 31 to get their money out?" I live in China, and trade bitcoin in btcchina (and OTC). I have not seen this information, and I read Chinese. I think this is FUD.

Regardless, the big players in China will use local and OTC transactions anyway... better to be anonymous when you are stashing your "hong bao" (red envelopes, aka "bribes") and evading capital controls Grin

Governments and banksters can and will fight bitcoin ... they may slow down the adoption curve by making it inconvenient for casual users, but they cannot stop bitcoin !

Here is the official statement (nd translation) on btcchina website:
---
Dear bitcoin China (BTC China) users: due to well-known reasons, bitcoin China (BTC China) had to temporarily freeze the recharging function, bitcoin charging, coins and currency are not affected, bitcoin China (BTC China) will continue to operate. Please continue to focus on our home page, we will provide other means of recharging. To bring you any inconvenience, we express profound apology. Bitcoin China (BTC China) 2013.12.18
---
亲爱的各位比特币中国(BTC China)用户：由于众所周知的原因，比特币中国(BTC China)不得不暂时停止人民币充值功能，比特币充值、比特币提现和人民币提现不受影响，比特币中国(BTC China)会继续运营。请大家继续关注我们的主页，我们会尽快提供其他的充值途径。给您带来的不便，我们在此表达深深的歉意。比特币中国(BTC China)2013.12.18

Quote from: emanymton on December 18, 2013, 06:50:53 PM

Quote from: GigaCoin on December 18, 2013, 05:32:16 PM

Another chinese sell off anticipated tmrw I guess. Unless everyone exited in the past 3 days

They have till jan 31 to get their money out, so the exit of capital will happen gradually between now and then.

As far as I know this hasn't been confirmed yet but all the other parts about the rumour which people screamed FUD about have now been confirmed.

kooke

sr. member

Activity: 448

Merit: 250

Bitcoin super-duper-mega-ultra-hyper-node

I think there's gonna be a gradual decline till it starts rising again in the new year

Cluster2k

legendary

Activity: 1692

Merit: 1018

I'm buying back into bitcoin when the price is an irrational number.

JimboToronto

legendary

Activity: 4200

Merit: 4887

You're never too old to think young.

Quote from: Ludwig Von Mises on December 18, 2013, 09:33:12 PM

Where did you get this information about "Jan 31 to get their money out?" I live in China, and trade bitcoin in btcchina (and OTC). I have not seen this information, and I read Chinese. I think this is FUD.

Regardless, the big players in China will use local and OTC transactions anyway... better to be anonymous when you are stashing your "hong bao" (red envelopes, aka "bribes") and evading capital controls Grin

Governments and banksters can and will fight bitcoin ... they may slow down the adoption curve by making it inconvenient for casual users, but they cannot stop bitcoin !

Here is the official statement (nd translation) on btcchina website:
---
Dear bitcoin China (BTC China) users: due to well-known reasons, bitcoin China (BTC China) had to temporarily freeze the recharging function, bitcoin charging, coins and currency are not affected, bitcoin China (BTC China) will continue to operate. Please continue to focus on our home page, we will provide other means of recharging. To bring you any inconvenience, we express profound apology. Bitcoin China (BTC China) 2013.12.18
---
亲爱的各位比特币中国(BTC China)用户：由于众所周知的原因，比特币中国(BTC China)不得不暂时停止人民币充值功能，比特币充值、比特币提现和人民币提现不受影响，比特币中国(BTC China)会继续运营。请大家继续关注我们的主页，我们会尽快提供其他的充值途径。给您带来的不便，我们在此表达深深的歉意。比特币中国(BTC China)2013.12.18

Quote from: emanymton on December 18, 2013, 06:50:53 PM

Quote from: GigaCoin on December 18, 2013, 05:32:16 PM

Another chinese sell off anticipated tmrw I guess. Unless everyone exited in the past 3 days

They have till jan 31 to get their money out, so the exit of capital will happen gradually between now and then.

How dare you contradict FUD and panicking with actual facts! Cheesy

Ludwig Von Mises

newbie

Activity: 7

Merit: 0

Where did you get this information about "Jan 31 to get their money out?" I live in China, and trade bitcoin in btcchina (and OTC). I have not seen this information, and I read Chinese. I think this is FUD.

Regardless, the big players in China will use local and OTC transactions anyway... better to be anonymous when you are stashing your "hong bao" (red envelopes, aka "bribes") and evading capital controls Grin

Governments and banksters can and will fight bitcoin ... they may slow down the adoption curve by making it inconvenient for casual users, but they cannot stop bitcoin !

Here is the official statement (nd translation) on btcchina website:
---
Dear bitcoin China (BTC China) users: due to well-known reasons, bitcoin China (BTC China) had to temporarily freeze the recharging function, bitcoin charging, coins and currency are not affected, bitcoin China (BTC China) will continue to operate. Please continue to focus on our home page, we will provide other means of recharging. To bring you any inconvenience, we express profound apology. Bitcoin China (BTC China) 2013.12.18
---
亲爱的各位比特币中国(BTC China)用户：由于众所周知的原因，比特币中国(BTC China)不得不暂时停止人民币充值功能，比特币充值、比特币提现和人民币提现不受影响，比特币中国(BTC China)会继续运营。请大家继续关注我们的主页，我们会尽快提供其他的充值途径。给您带来的不便，我们在此表达深深的歉意。比特币中国(BTC China)2013.12.18

Quote from: emanymton on December 18, 2013, 06:50:53 PM

Quote from: GigaCoin on December 18, 2013, 05:32:16 PM

Another chinese sell off anticipated tmrw I guess. Unless everyone exited in the past 3 days

They have till jan 31 to get their money out, so the exit of capital will happen gradually between now and then.

Tzupy

legendary

Activity: 2170

Merit: 1094

I will buy when the price won't be a silent NaN.

Xer0

hero member

Activity: 826

Merit: 1000

°^°

i will sell when the price is NaN

emanymton

full member

Activity: 219

Merit: 106

Quote from: terman45x on December 18, 2013, 07:07:38 PM

Quote from: emanymton on December 18, 2013, 06:50:53 PM

Quote from: GigaCoin on December 18, 2013, 05:32:16 PM

Another chinese sell off anticipated tmrw I guess. Unless everyone exited in the past 3 days

They have till jan 31 to get their money out, so the exit of capital will happen gradually between now and then.

Most Bitcoins sold already I guess, it would be dumb to wait with the selling if your decided to go out

I agree, the first initial fall has happened and the following declines will be less and less severe or so it would seem...

terman45x

hero member

Activity: 840

Merit: 1000

Quote from: emanymton on December 18, 2013, 06:50:53 PM

Quote from: GigaCoin on December 18, 2013, 05:32:16 PM

Another chinese sell off anticipated tmrw I guess. Unless everyone exited in the past 3 days

They have till jan 31 to get their money out, so the exit of capital will happen gradually between now and then.

Most Bitcoins sold already I guess, it would be dumb to wait with the selling if your decided to go out

emanymton

full member

Activity: 219

Merit: 106

Quote from: GigaCoin on December 18, 2013, 05:32:16 PM

Another chinese sell off anticipated tmrw I guess. Unless everyone exited in the past 3 days

They have till jan 31 to get their money out, so the exit of capital will happen gradually between now and then.

Edward50

hero member

Activity: 602

Merit: 500

Quote from: Honeypot on December 18, 2013, 06:19:04 PM

Because people are buying up 'cheap' coins.

Market pressure is clearly downwards. This will break 470 and will trend down gradually towards 320 or even less.

With china more or less out of the game, those buying now will be regretting when it hits 300s.

Brief bounce seems to have passed. Down again.

It does look like that. The price seems to be holding very weakly around this point. Lets face it if people thought bitcoins were dirt cheap they would be scooping them up. The price would easily skyrocket forward as we all know.

Seems to be going down slowly, getting close to the $400 range on some exchanges.

Its hard to believe a recovery from $550's is going to happen now, as it would have already happened.

Honeypot

sr. member

Activity: 420

Merit: 250

Because people are buying up 'cheap' coins.

Market pressure is clearly downwards. This will break 470 and will trend down gradually towards 320 or even less.

With china more or less out of the game, those buying now will be regretting when it hits 300s.

Brief bounce seems to have passed. Down again.

dnaleor

legendary

Activity: 1470

Merit: 1000

Want privacy? Use Monero!

I buy only when the exchange rate is an irrational number Grin

Edward50

hero member

Activity: 602

Merit: 500

Bitcoin is looking weak again. Coming off tempory highs.

We may very well see another downturn tonight.

damiano

legendary

Activity: 1246

Merit: 1000

103 days, 21 hours and 10 minutes.

Quote from: GigaCoin on December 18, 2013, 05:32:16 PM

Another chinese sell off anticipated tmrw I guess. Unless everyone exited in the past 3 days

tomorrow as in today? its 6:40am in china

GigaCoin

sr. member

Activity: 308

Merit: 251

Giga

Another chinese sell off anticipated tmrw I guess. Unless everyone exited in the past 3 days

seldon

sr. member

Activity: 353

Merit: 250

Quote from: hunnaryb on December 18, 2013, 05:17:36 PM

Chinese sold today already, they cannot sell every day the same Bitcoins!
If you missed the bottom, Im sorry

This!

hunnaryb

hero member

Activity: 506

Merit: 500

Chinese sold today already, they cannot sell every day the same Bitcoins!
If you missed the bottom, Im sorry

Topic: Seriously not sub $300 yet?..... (Read 2649 times)