on the shadow of the latest PBOC released a statement about not banning Bitcoin, There is someone who claims that he have some friends who are in the industry and work with a couple major Chinese Conglomerates, he stated They have all said (his friends) that the Chinese Government employees are loading up on BTC behind the scenes, and working on regulation, meanwhile others are dumping....
What do you mean by loading up? 
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 28270. (Read 26656835 times)
April 11, 2014, 11:15:47 AM
April 11, 2014, 11:15:12 AM
on the shadow of the latest PBOC released a statement about not banning Bitcoin, There is someone who claims that he have some friends who are in the industry and work with a couple major Chinese Conglomerates, he stated They have all said (his friends) that the Chinese Government employees are loading up on BTC behind the scenes, and working on regulation, meanwhile others are dumping....
Who is this someone ?
a person ?
April 11, 2014, 11:14:25 AM
on the shadow of the latest PBOC released a statement about not banning Bitcoin, There is someone who claims that he have some friends who are in the industry and work with a couple major Chinese Conglomerates, he stated They have all said (his friends) that the Chinese Government employees are loading up on BTC behind the scenes, and working on regulation, meanwhile others are dumping....
Who is this someone ?
April 11, 2014, 11:13:38 AM
on the shadow of the latest PBOC released statement about not banning Bitcoin, There is someone who claims that he have some friends who are in the industry and work with a couple major Chinese Conglomerates, he stated They have all said (his friends) that the Chinese Government employees are loading up on BTC behind the scenes, and working on regulation, meanwhile others are dumping....
April 11, 2014, 11:12:31 AM
However, the pboc has right to forbid his currency, rmb yen to link with bitcoin. This what they are doing.
They are doing links cut, not bitcoin ban. The deadline is for links cut, not for bitcoin ban. This is important to read, methinks.
They are doing links cut, not bitcoin ban. The deadline is for links cut, not for bitcoin ban. This is important to read, methinks.
This is another, more subtle falsehood. It is perfectly legitimate, legal and feasible in china to purchase BTC with CNY.
Only banks are forbidden from doing this right?
That is correct.
Agree. What I say links cut is not quite right. People are legitimated to buy BTC with CNY, but not via banks. I would change the analogy as , one can have water, but can not have the glass, as the glass is mine.
April 11, 2014, 11:10:59 AM
I'm still hesitant. I don't really see how the bubble can un-pop in 5 days... that would be have to be some sort of record!
Don't worry. You're not the only one who feels that way :)
April 11, 2014, 11:04:04 AM
whilst wearing 3-d glasses
April 11, 2014, 11:02:09 AM
April 11, 2014, 11:00:26 AM
April 11, 2014, 10:59:50 AM
However, the pboc has right to forbid his currency, rmb yen to link with bitcoin. This what they are doing.
They are doing links cut, not bitcoin ban. The deadline is for links cut, not for bitcoin ban. This is important to read, methinks.
They are doing links cut, not bitcoin ban. The deadline is for links cut, not for bitcoin ban. This is important to read, methinks.
This is another, more subtle falsehood. It is perfectly legitimate, legal and feasible in china to purchase BTC with CNY.
Only banks are forbidden from doing this right?
That is correct.
April 11, 2014, 10:59:18 AM
However, the pboc has right to forbid his currency, rmb yen to link with bitcoin. This what they are doing.
They are doing links cut, not bitcoin ban. The deadline is for links cut, not for bitcoin ban. This is important to read, methinks.
They are doing links cut, not bitcoin ban. The deadline is for links cut, not for bitcoin ban. This is important to read, methinks.
This is another, more subtle falsehood. It is perfectly legitimate, legal and feasible in china to purchase BTC with CNY.
Only banks are forbidden from doing this right?
April 11, 2014, 10:58:52 AM
However, the pboc has right to forbid his currency, rmb yen to link with bitcoin. This what they are doing.
They are doing links cut, not bitcoin ban. The deadline is for links cut, not for bitcoin ban. This is important to read, methinks.
They are doing links cut, not bitcoin ban. The deadline is for links cut, not for bitcoin ban. This is important to read, methinks.
This is another, more subtle falsehood. It is perfectly legitimate, legal and feasible in china to purchase BTC with CNY.
They are cutting the (by volume) most /relevant/ links.
Happy now?
I agree that it is likely that the largest volume of CNY inflow to BTC in China was via bank transfer.
I do not know whether that is true today.
I do not know whether it will be true again after the regulatory environment and business practices have stabilized.
Indeed, not only do I not know, but the distribution is without informative priors.
Moreover, anyone with the ability to estimate the latter on the basis of informative priors is an official of the PBoC or one of the big 4 SOE banks in China.
Whenever anyone has a view on this, who is not in such a position, the probability of the view being correct is essentially noise.
It is precisely this condition of ignorance which is used by bear trolls to inflame fearful sentiment.
That is the very essence of FUD.
April 11, 2014, 10:54:18 AM
I do not see Chinese exchanges will be closed by deadline of April 15, or 18th.
Why is that? We must read pboc properly. The director of pboc says bitcoin is a kind of asset. This implies they have no right to ban bitcoin. Indeed, how one can ban an asset, which is claimed legimatated to own?
However, the pboc has right to forbid his currency, rmb yen to link with bitcoin. This what they are doing.
They are doing links cut, not bitcoin ban. The deadline is for links cut, not for bitcoin ban. This is important to read, methinks.
Because of above, the Chinese exchanges won't be closed, they can legally operate, as far as I see. Indeed, what excuse the Chinese government would generate to close the exchanges, while bitcoin is claimed a legal asset for own and trade?
This is something like, I have no right to kill you, but I have right not to supply you water, as this is my water.
It would be interesting to see how the exchanges operate with rmb yen link cut.
From the claim of Huobi and okcoin of today, they both have same solution.
One, due to links cut through banks, they can do prepaid card. I read such prepaid card is like Q coin. One buys the card, which give you a code. With the code, one Stricketly speaking, I feel it is still a third party pay? It's difficult for me to read but I know when we Chinese say third party pay, we mean payment processor like Alipay, which is of course different from Q coin. Can anyone give further explanation of the Huobi and okcoin's prepaid card?
Two, for the last solution, both Huobi and okcoin has registered oversea exchanges. Both claim if prepaid card doesn't work, or exchanges has to be closed, all the coins they have now will be moved to the new oversea exchanges. This is indeed a comfor for their clients.
Can anyone tell me why pboc cut the links between rmby yen and bitcoin, while they confirm bitcoin is a legal asset for own and trade? Wired, isn't it?
Why is that? We must read pboc properly. The director of pboc says bitcoin is a kind of asset. This implies they have no right to ban bitcoin. Indeed, how one can ban an asset, which is claimed legimatated to own?
However, the pboc has right to forbid his currency, rmb yen to link with bitcoin. This what they are doing.
They are doing links cut, not bitcoin ban. The deadline is for links cut, not for bitcoin ban. This is important to read, methinks.
Because of above, the Chinese exchanges won't be closed, they can legally operate, as far as I see. Indeed, what excuse the Chinese government would generate to close the exchanges, while bitcoin is claimed a legal asset for own and trade?
This is something like, I have no right to kill you, but I have right not to supply you water, as this is my water.
It would be interesting to see how the exchanges operate with rmb yen link cut.
From the claim of Huobi and okcoin of today, they both have same solution.
One, due to links cut through banks, they can do prepaid card. I read such prepaid card is like Q coin. One buys the card, which give you a code. With the code, one Stricketly speaking, I feel it is still a third party pay? It's difficult for me to read but I know when we Chinese say third party pay, we mean payment processor like Alipay, which is of course different from Q coin. Can anyone give further explanation of the Huobi and okcoin's prepaid card?
Two, for the last solution, both Huobi and okcoin has registered oversea exchanges. Both claim if prepaid card doesn't work, or exchanges has to be closed, all the coins they have now will be moved to the new oversea exchanges. This is indeed a comfor for their clients.
Can anyone tell me why pboc cut the links between rmby yen and bitcoin, while they confirm bitcoin is a legal asset for own and trade? Wired, isn't it?
Because they want to control the money flowing in and out of China. One of the major benefits of Bitcoin is that it is almost anonymous, which ofcourse the Chinese government does not like very much.
That is why theu want regulations over bitcoin.
April 11, 2014, 10:51:02 AM
However, the pboc has right to forbid his currency, rmb yen to link with bitcoin. This what they are doing.
They are doing links cut, not bitcoin ban. The deadline is for links cut, not for bitcoin ban. This is important to read, methinks.
They are doing links cut, not bitcoin ban. The deadline is for links cut, not for bitcoin ban. This is important to read, methinks.
This is another, more subtle falsehood. It is perfectly legitimate, legal and feasible in china to purchase BTC with CNY.
They are cutting the (by volume) most /relevant/ links.
Happy now?
April 11, 2014, 10:48:49 AM
I do not see Chinese exchanges will be closed by deadline of April 15, or 18th.
Why is that? We must read pboc properly. The director of pboc says bitcoin is a kind of asset. This implies they have no right to ban bitcoin. Indeed, how one can ban an asset, which is claimed legimatated to own?
However, the pboc has right to forbid his currency, rmb yen to link with bitcoin. This what they are doing.
They are doing links cut, not bitcoin ban. The deadline is for links cut, not for bitcoin ban. This is important to read, methinks.
Because of above, the Chinese exchanges won't be closed, they can legally operate, as far as I see. Indeed, what excuse the Chinese government would generate to close the exchanges, while bitcoin is claimed a legal asset for own and trade?
This is something like, I have no right to kill you, but I have right not to supply you water, as this is my water.
It would be interesting to see how the exchanges operate with rmb yen link cut.
From the claim of Huobi and okcoin of today, they both have same solution.
One, due to links cut through banks, they can do prepaid card. I read such prepaid card is like Q coin. One buys the card, which give you a code. With the code, one Stricketly speaking, I feel it is still a third party pay? It's difficult for me to read but I know when we Chinese say third party pay, we mean payment processor like Alipay, which is of course different from Q coin. Can anyone give further explanation of the Huobi and okcoin's prepaid card?
Two, for the last solution, both Huobi and okcoin has registered oversea exchanges. Both claim if prepaid card doesn't work, or exchanges has to be closed, all the coins they have now will be moved to the new oversea exchanges. This is indeed a comfor for their clients.
Can anyone tell me why pboc cut the links between rmby yen and bitcoin, while they confirm bitcoin is a legal asset for own and trade? Wired, isn't it?
Why is that? We must read pboc properly. The director of pboc says bitcoin is a kind of asset. This implies they have no right to ban bitcoin. Indeed, how one can ban an asset, which is claimed legimatated to own?
However, the pboc has right to forbid his currency, rmb yen to link with bitcoin. This what they are doing.
They are doing links cut, not bitcoin ban. The deadline is for links cut, not for bitcoin ban. This is important to read, methinks.
Because of above, the Chinese exchanges won't be closed, they can legally operate, as far as I see. Indeed, what excuse the Chinese government would generate to close the exchanges, while bitcoin is claimed a legal asset for own and trade?
This is something like, I have no right to kill you, but I have right not to supply you water, as this is my water.
It would be interesting to see how the exchanges operate with rmb yen link cut.
From the claim of Huobi and okcoin of today, they both have same solution.
One, due to links cut through banks, they can do prepaid card. I read such prepaid card is like Q coin. One buys the card, which give you a code. With the code, one Stricketly speaking, I feel it is still a third party pay? It's difficult for me to read but I know when we Chinese say third party pay, we mean payment processor like Alipay, which is of course different from Q coin. Can anyone give further explanation of the Huobi and okcoin's prepaid card?
Two, for the last solution, both Huobi and okcoin has registered oversea exchanges. Both claim if prepaid card doesn't work, or exchanges has to be closed, all the coins they have now will be moved to the new oversea exchanges. This is indeed a comfor for their clients.
Can anyone tell me why pboc cut the links between rmby yen and bitcoin, while they confirm bitcoin is a legal asset for own and trade? Wired, isn't it?
Because they want to control the money flowing in and out of China. One of the major benefits of Bitcoin is that it is almost anonymous, which ofcourse the Chinese government does not like very much.
April 11, 2014, 10:47:50 AM
However, the pboc has right to forbid his currency, rmb yen to link with bitcoin. This what they are doing.
They are doing links cut, not bitcoin ban. The deadline is for links cut, not for bitcoin ban. This is important to read, methinks.
They are doing links cut, not bitcoin ban. The deadline is for links cut, not for bitcoin ban. This is important to read, methinks.
This is another, more subtle falsehood. It is perfectly legitimate, legal and feasible in china to purchase BTC with CNY.
April 11, 2014, 10:47:39 AM
It settling quicker cause of the PBoC statement...sadly I am redeemed after all the money has been made by those predicating fear and uncertainty
Just wait until the PBoC opens a wallet address of its own. Ka-boom.
I can't wait to see the transaction spam they will get - "TIANANMEN SQUARE TIANANMEN SQUARE TIANANMEN SQUARE" etc
April 11, 2014, 10:47:20 AM
It settling quicker cause of the PBoC statement...sadly I am redeemed after all the money has been made by those predicating fear and uncertainty
Just wait until the PBoC opens a wallet address of its own. Ka-boom.
April 11, 2014, 10:45:44 AM
It settling quicker cause of the PBoC statement...sadly I am redeemed after all the money has been made by those predicating fear and uncertainty
Just wait until the PBoC opens a wallet address of its own. Ka-boom.
April 11, 2014, 10:45:03 AM
I do not see Chinese exchanges will be closed by deadline of April 15, or 18th.
Why is that? We must read pboc properly. The director of pboc says bitcoin is a kind of asset. This implies they have no right to ban bitcoin. Indeed, how one can ban an asset, which is claimed legimatated to own?
However, the pboc has right to forbid his currency, rmb yen to link with bitcoin. This what they are doing.
They are doing links cut, not bitcoin ban. The deadline is for links cut, not for bitcoin ban. This is important to read, methinks.
Because of above, the Chinese exchanges won't be closed, they can legally operate, as far as I see. Indeed, what excuse the Chinese government would generate to close the exchanges, while bitcoin is claimed a legal asset for own and trade?
This is something like, I have no right to kill you, but I have right not to supply you water, as this is my water.
It would be interesting to see how the exchanges operate with rmb yen link cut.
From the claim of Huobi and okcoin of today, they both have same solution.
One, due to links cut through banks, they can do prepaid card. I read such prepaid card is like Q coin. One buys the card, which give you a code. With the code, one can input his money into the exchange. For withdrawal, the other way round. Stricketly speaking, I feel it is still a third party pay? It's difficult for me to read but I know when we Chinese say third party pay, we mean payment processor like Alipay, which is of course different from Q coin. Can anyone give further explanation of the Huobi and okcoin's prepaid card?
Two, for the last solution, both Huobi and okcoin has registered oversea exchanges. Both claim if prepaid card doesn't work, or exchanges has to be closed, all the coins they have now will be moved to the new oversea exchanges. This is indeed a comfor for their clients.
Can anyone tell me why pboc cut the links between rmby yen and bitcoin, while they confirm bitcoin is a legal asset for own and trade? Wired, isn't it?
Why is that? We must read pboc properly. The director of pboc says bitcoin is a kind of asset. This implies they have no right to ban bitcoin. Indeed, how one can ban an asset, which is claimed legimatated to own?
However, the pboc has right to forbid his currency, rmb yen to link with bitcoin. This what they are doing.
They are doing links cut, not bitcoin ban. The deadline is for links cut, not for bitcoin ban. This is important to read, methinks.
Because of above, the Chinese exchanges won't be closed, they can legally operate, as far as I see. Indeed, what excuse the Chinese government would generate to close the exchanges, while bitcoin is claimed a legal asset for own and trade?
This is something like, I have no right to kill you, but I have right not to supply you water, as this is my water.
It would be interesting to see how the exchanges operate with rmb yen link cut.
From the claim of Huobi and okcoin of today, they both have same solution.
One, due to links cut through banks, they can do prepaid card. I read such prepaid card is like Q coin. One buys the card, which give you a code. With the code, one can input his money into the exchange. For withdrawal, the other way round. Stricketly speaking, I feel it is still a third party pay? It's difficult for me to read but I know when we Chinese say third party pay, we mean payment processor like Alipay, which is of course different from Q coin. Can anyone give further explanation of the Huobi and okcoin's prepaid card?
Two, for the last solution, both Huobi and okcoin has registered oversea exchanges. Both claim if prepaid card doesn't work, or exchanges has to be closed, all the coins they have now will be moved to the new oversea exchanges. This is indeed a comfor for their clients.
Can anyone tell me why pboc cut the links between rmby yen and bitcoin, while they confirm bitcoin is a legal asset for own and trade? Wired, isn't it?
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