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Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 27972. (Read 26709784 times)

legendary
Activity: 924
Merit: 1001
Good news! NO FUD.

BTCChina:

http://www.weibo.com/2149945883/B1MStEjN0?mod=weibotime

Quote
Small partners about bitcoin China suspended all news withdrawals are false news Bitcoin Chinese recharge and withdrawals everything is normal. If you need help, please call customer service phone 400-664-3033



A chinese guy on tradingview chat was telling me this yesterday. a lot of chinese are not concerned at all - after all, the chinese have declared that they cant ban it, dont have the authority to ban it, and dont wish to ban it. There will be a loop hole in the system for deposits somewhere. ill bet on it, seems like the chinese think so.

thanks for posting.

China needs to die before the bull market can resume. The reason is simple: A China market that is still alive can die. A China market that is dead cannot die because it is already dead. That sucks for the Chinese traders and investors. Blame the PBoC if you like, but it's the truth.

the chinese govt is simply not simple. One word from the PBoC and the bull run resumes.

China is uncertainty. Markets hate uncertainty. Why is that so hard to grasp? Why is it so hard to accept?   

markets hate uncertainty. chinese LOVE bitcoin.

what are you accusing me of? anything is possible. I dont have the crystal ball, though a lot of people enjoy accusing me of this.

It's true but useless to say anything is possible. What is probable?

you are saying that it is uncertain, so we will probably fall. when markets are forward looking, Im gonna go right ahead and say thats a paradox. One word from the PBOC, and the bull is back.
legendary
Activity: 1372
Merit: 1000
Good news! NO FUD. BTCChina: http://www.weibo.com/2149945883/B1MStEjN0?mod=weibotime

Quote
Small partners about bitcoin China suspended all news withdrawals are false news Bitcoin Chinese recharge and withdrawals everything is normal. If you need help, please call customer service phone 400-664-3033

Human translation: Rumors about BTCChina suspending withdrawals are false. Recharge and withdrawals still working
I understand that BTC-China is denying rumors that withdrawals were stopped.

AFAIK, no exchange has reported the blocking of CNY withdrawals through bank transfers.  I would think that the banks will leave that step for last so that clients have a chance to get their money out. 

This is what TPTB in China want.
1) China ( yuppie's and some High-net-worth individuals) started buying at the same time the US, ok'ed Bitcoin as the west were going to buy in to the idea. Biden then shoots over to China and offers US backing for Senkaku Islands, in return China follows Biden's lead on Bitcoin. (At the time Bitcoin was booming in China)
2) China's new policy is force the Chinese to use foreign reserve to buy Bitcoin (go inflate another country's fiat supply)
3) China wants to create demand for CNY abroad to buy virtual currency in foreign exchanges.
4) China likes Bitcoin just at this time it could be problematic and would complicate a fiat inflation problem.
legendary
Activity: 1106
Merit: 1007
Hide your women
Good news! NO FUD.

BTCChina:

http://www.weibo.com/2149945883/B1MStEjN0?mod=weibotime

Quote
Small partners about bitcoin China suspended all news withdrawals are false news Bitcoin Chinese recharge and withdrawals everything is normal. If you need help, please call customer service phone 400-664-3033



A chinese guy on tradingview chat was telling me this yesterday. a lot of chinese are not concerned at all - after all, the chinese have declared that they cant ban it, dont have the authority to ban it, and dont wish to ban it. There will be a loop hole in the system for deposits somewhere. ill bet on it, seems like the chinese think so.

thanks for posting.

China needs to die before the bull market can resume. The reason is simple: A China market that is still alive can die. A China market that is dead cannot die because it is already dead. That sucks for the Chinese traders and investors. Blame the PBoC if you like, but it's the truth.

the chinese govt is simply not simple. One word from the PBoC and the bull run resumes.

China is uncertainty. Markets hate uncertainty. Why is that so hard to grasp? Why is it so hard to accept?   

markets hate uncertainty. chinese LOVE bitcoin.

what are you accusing me of? anything is possible. I dont have the crystal ball, though a lot of people enjoy accusing me of this.

It's true but useless to say anything is possible. What is probable?
legendary
Activity: 924
Merit: 1001
"BTC China ‏@btcchina  4m
@Quiontron Hi, we are still accepting deposits from Bank of China. All withdrawals are not affected. Thanks."   

Ah. Thanks, missed that. Yeah, it's the only bank left for Huobi and BTCChina then. Already closed their account on  CHBTC. I somehow got confused

I doubt PBOC will ban fiat withdrawal. If it does happen, shit will hit the fan. Banning all fiat deposits is already a huge step towards slowing down BTC adoption in China

if PBOC bans fiat withdrawal, every cent of fiat on those exchanges is going straight into bitcoin. BOOM.
hero member
Activity: 910
Merit: 1003
Wow. I'm trying to search for any bad news. This drop from 2619 to 2559 must have something behind it.. really weird..
I suppose that more and more Chinese exchange clients are coming to the conclusion that, for them, the game is over: the price is unlikely to rise again until the exchanges are closed. Therefore the best strategy for them is to sell as soon as possible. 

The buyers must be optimists who still hope that the exchanges will find a way to survive and that the price will recover.  Or traders who hope to make some last-minute profit out of temporary ups on the way down.
full member
Activity: 126
Merit: 100
BTC China @btcchina 7 Min. @Quiontron Hi, we are still accepting deposits from Bank of China. All withdrawals are not affected. Thanks.

Attn All: We have just received a formal notification !!! only one bank !!! from China Merchants Bank. We have stopped accepting customer deposits at this bank.

https://twitter.com/btcchina/status/460638991629307904
sr. member
Activity: 406
Merit: 250
"BTC China ‏@btcchina  4m
@Quiontron Hi, we are still accepting deposits from Bank of China. All withdrawals are not affected. Thanks."   

Ah. Thanks, missed that. Yeah, it's the only bank left for Huobi and BTCChina then. Already closed their account on  CHBTC. I somehow got confused

I doubt PBOC will ban fiat withdrawal. If it does happen, shit will hit the fan. Banning all fiat deposits is already a huge step towards slowing down BTC adoption in China
hero member
Activity: 672
Merit: 500

That's not what I'm looking for. We know that Merchants Bank is cancelling accounts (simply look at BTCChina announcement yesterday and CHBTC's announcement on the 25th)

There must be something else! Otherwise it's insider trading lol

Look. Isn't it kinda of obvious that its just a matter of time now before deposit options are completely are almost completely eliminated?

These exchanges are destined to move offshore.

Well deposit options have already been eliminated. CHBTC, OKCOIN, BTCCHINA all froze fiat deposits. Unless these guys are now quietly withdrawing while they can and crashing the price, what are we waiting for?

Chinese exchanges won't be banned. Cash deposit will still be accepted. However for large transfers you'll have to do offshore transfers

What are we waiting for? The idiots on Stamp want to follow Huobi all the way down. Just like they did with Gox. After China is done they will find another exchange in trouble that can take us down. They are addicted to panic and losing money. They are the same people who go to casinos, lose money and keep going back.
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
donator
Activity: 1736
Merit: 1014
Let's talk governance, lipstick, and pigs.
"BTC China ‏@btcchina  4m
@Quiontron Hi, we are still accepting deposits from Bank of China. All withdrawals are not affected. Thanks."   
sr. member
Activity: 406
Merit: 250

That's not what I'm looking for. We know that Merchants Bank is cancelling accounts (simply look at BTCChina announcement yesterday and CHBTC's announcement on the 25th)

There must be something else! Otherwise it's insider trading lol

Look. Isn't it kinda of obvious that its just a matter of time now before deposit options are completely are almost completely eliminated?

These exchanges are destined to move offshore.

Well deposit options have already been eliminated. CHBTC, OKCOIN, BTCCHINA all froze fiat deposits. Unless these guys are now quietly withdrawing while they can and crashing the price, what are we waiting for?

Chinese exchanges won't be banned. Cash deposit will still be accepted. However for large transfers you'll have to do offshore transfers

What kind of news are we waiting for this time?
legendary
Activity: 2156
Merit: 1070

That's not what I'm looking for. We know that Merchants Bank is cancelling accounts (simply look at BTCChina announcement yesterday and CHBTC's announcement on the 25th)

There must be something else! Otherwise it's insider trading lol

Look. Isn't it kinda of obvious that its just a matter of time now before deposit options are completely are almost completely eliminated?

These exchanges are destined to move offshore.
legendary
Activity: 2156
Merit: 1070
LOL @ these fake bids on Finex.  That 1700 until 420 is really about 500-700.
sr. member
Activity: 406
Merit: 250

That's not what I'm looking for. We know that Merchants Bank is cancelling accounts (simply look at BTCChina announcement yesterday and CHBTC's announcement on the 25th)

There must be something else! Otherwise it's insider trading lol
legendary
Activity: 924
Merit: 1001
Good news! NO FUD.

BTCChina:

http://www.weibo.com/2149945883/B1MStEjN0?mod=weibotime

Quote
Small partners about bitcoin China suspended all news withdrawals are false news Bitcoin Chinese recharge and withdrawals everything is normal. If you need help, please call customer service phone 400-664-3033



A chinese guy on tradingview chat was telling me this yesterday. a lot of chinese are not concerned at all - after all, the chinese have declared that they cant ban it, dont have the authority to ban it, and dont wish to ban it. There will be a loop hole in the system for deposits somewhere. ill bet on it, seems like the chinese think so.

thanks for posting.

China needs to die before the bull market can resume. The reason is simple: A China market that is still alive can die. A China market that is dead cannot die because it is already dead. That sucks for the Chinese traders and investors. Blame the PBoC if you like, but it's the truth.

the chinese govt is simply not simple. One word from the PBoC and the bull run resumes.

China is uncertainty. Markets hate uncertainty. Why is that so hard to grasp? Why is it so hard to accept?   

markets hate uncertainty. chinese LOVE bitcoin.

what are you accusing me of? anything is possible. I dont have the crystal ball, though a lot of people enjoy accusing me of this.
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