G
What a Fonzie scheme
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 28332. (Read 26610299 times)
April 10, 2014, 05:10:32 AM
G
What a Fonzie scheme
April 10, 2014, 05:09:52 AM
Fonzie! Where were you in all this madness. I thought maybe you already got what you wanted
I´m quite satisfied, but still greedy
.It´s hard to troll for me during times like these. Bulls will get what they deserve, there is no need for them to be slapped additionally. After all i´m a human beeing.
No mercy for BTC itself btw.
April 10, 2014, 05:06:22 AM
April 10, 2014, 05:04:25 AM
The difference now is that China has actually got to a sustainable solution. Now they have found a solution which provides the capital control they desperately needed without completely banning a revolutional technology. Similar to the compromise that they came to with the internet as whole.
Sorry for bothering but what's the solution they found? (somehow I managed to miss it)
choke the depositors off by closing access to banks
April 10, 2014, 05:01:50 AM
The difference now is that China has actually got to a sustainable solution. Now they have found a solution which provides the capital control they desperately needed without completely banning a revolutional technology. Similar to the compromise that they came to with the internet as whole.
Sorry for bothering but what's the solution they found? (somehow I managed to miss it)
April 10, 2014, 05:00:47 AM
The bank deposit thing I dont think is a massive problem. I can have a wire from my account and on Stamp in a couple of hours most of the time.
wow that's fast. sepa or wire transfer?
SEPA from the UK. Obviously its not a couple hours 24/7 but if I make the payment on a morning around 9 I normally have it by half 11 ish.
April 10, 2014, 05:00:27 AM
April 10, 2014, 04:58:48 AM
The bank deposit thing I dont think is a massive problem. I can have a wire from my account and on Stamp in a couple of hours most of the time.
wow that's fast. sepa or wire transfer?
April 10, 2014, 04:58:27 AM
Shorts will close staggered between 290$-360$. After that i´ll ride the (probably) inevitable bull-trap to short even more after we reached the top of it.
GOGOGO BTC
GOGOGO BTC
April 10, 2014, 04:56:45 AM
It was discussed somewhere, reddit or here that the major Chinese exchanges are trying to set up accounts in foreign countries and move bases of operations.
China is going to shoot themselves in the foot, losing out on all those fees for processing wires etc etc etc.
China is going to shoot themselves in the foot, losing out on all those fees for processing wires etc etc etc.
How does a Chinese person deposit to a foreign country ? Arent there strict controls surrounding that?
I was purely speaking to them losing a business that operated in their jurisdiction. If they move outside, they won't make any of the accessory fees that are included when buying btc
April 10, 2014, 04:55:38 AM
It was discussed somewhere, reddit or here that the major Chinese exchanges are trying to set up accounts in foreign countries and move bases of operations.
China is going to shoot themselves in the foot, losing out on all those fees for processing wires etc etc etc.
I think the BTC/CNH pair on btce is demonstrating how effective this is so far. China is going to shoot themselves in the foot, losing out on all those fees for processing wires etc etc etc.
April 10, 2014, 04:54:30 AM
April 10, 2014, 04:53:41 AM
It was discussed somewhere, reddit or here that the major Chinese exchanges are trying to set up accounts in foreign countries and move bases of operations.
China is going to shoot themselves in the foot, losing out on all those fees for processing wires etc etc etc.
China is going to shoot themselves in the foot, losing out on all those fees for processing wires etc etc etc.
How does a Chinese person deposit to a foreign country ? Arent there strict controls surrounding that?
April 10, 2014, 04:51:14 AM
It was discussed somewhere, reddit or here that the major Chinese exchanges are trying to set up accounts in foreign countries and move bases of operations.
China is going to shoot themselves in the foot, losing out on all those fees for processing wires etc etc etc.
China is going to shoot themselves in the foot, losing out on all those fees for processing wires etc etc etc.
April 10, 2014, 04:40:31 AM
One of the biggest problems I think is that there are no effective ways to deposit money for people who want to buy BTC. It's rubbish that all you can do is Bank transfers... 
I don't understand why Bitstamp doesn't include Neteller for example as a deposit option?? This way that exchange doesn't reflect reality. On one hand you have something which is there in minutes (BTC), but on the other hand you need to wait weeks (not to talk about that many will not make any bank transactions). I am sure if depositing money would be as easy as depositing BTC, the price would rocket up immediately.
I don't understand why Bitstamp doesn't include Neteller for example as a deposit option?? This way that exchange doesn't reflect reality. On one hand you have something which is there in minutes (BTC), but on the other hand you need to wait weeks (not to talk about that many will not make any bank transactions). I am sure if depositing money would be as easy as depositing BTC, the price would rocket up immediately.
You used to be able to use a lot of 3rd party services but most of them were stopped last year mainly due to KYC/AML I think.
The bank deposit thing I dont think is a massive problem. I can have a wire from my account and on Stamp in a couple of hours most of the time.
April 10, 2014, 04:39:58 AM
One of the biggest problems I think is that there are no effective ways to deposit money for people who want to buy BTC. It's rubbish that all you can do is Bank transfers...
I don't understand why Bitstamp doesn't include Neteller for example as a deposit option?? This way that exchange doesn't reflect reality. On one hand you have something which is there in minutes (BTC), but on the other hand you need to wait weeks (not to talk about that many will not make any bank transactions). I am sure if depositing money would be as easy as depositing BTC, the price would rocket up immediately.
I don't understand why Bitstamp doesn't include Neteller for example as a deposit option?? This way that exchange doesn't reflect reality. On one hand you have something which is there in minutes (BTC), but on the other hand you need to wait weeks (not to talk about that many will not make any bank transactions). I am sure if depositing money would be as easy as depositing BTC, the price would rocket up immediately.
because bitcoin is feared by most payment systems as it can replace them all. aide in the death of your profit lol.. that makes zero sense.
the amount of bitcoin atms available in major cities in North America will help to resolve this issue, hopefully the fee's on said atm add up to similar fee structures of fees conveyed by exchanges ( trading and or deposit and withdrawals )
its growing globally to in regards to btc-atms
April 10, 2014, 04:38:06 AM
One of the biggest problems I think is that there are no effective ways to deposit money for people who want to buy BTC. It's rubbish that all you can do is Bank transfers...
I don't understand why Bitstamp doesn't include Neteller for example as a deposit option?? This way that exchange doesn't reflect reality. On one hand you have something which is there in minutes (BTC), but on the other hand you need to wait weeks (not to talk about that many will not make any bank transactions). I am sure if depositing money would be as easy as depositing BTC, the price would rocket up immediately.
I don't understand why Bitstamp doesn't include Neteller for example as a deposit option?? This way that exchange doesn't reflect reality. On one hand you have something which is there in minutes (BTC), but on the other hand you need to wait weeks (not to talk about that many will not make any bank transactions). I am sure if depositing money would be as easy as depositing BTC, the price would rocket up immediately.
April 10, 2014, 04:36:28 AM
http://www.reddit.com/r/Bitcoin/comments/22o5si/huobis_bank_account_shutting_down/
Here's xiefeilaga's personal translation:
Announcement on the Temporary Cessation of Deposits via ICBC Cards on Huobi
Dear Huobi users:
Latest news from Huobi:
At roughly 10:00am today, we received notice from the Zhongguancun Branch of ICBC (Industrial and Commercial Bank) that they had been notified by operations management to cease providing service to Huobi, and would be closing Huobi's ICBC account by April 18.
At roughly 10:30, several of the Huobi partners rushed to the Zhongguancun Branch of Huobi to communicate with the Customer Manager.
The situation is as follows:
They did truly receive notice from higher up at the bank, requesting a halt to our ICBC Zhongguancun Account, effective April 18
The notice was an oral notice. The branch has not received anything in writing
When asked why other banks had not sent out the same notice, the response was that different banks may be interpreting policies in different ways, and may have different levels of sensitivity
When asked if there was any room for maneuvering, the answer was that there was none. The order had come from above, and there was nothing to discuss
When asked how to handle user funds in the future, the answer was that we could shift our funds to a different commercial bank, but not ICBC.
We asked the Customer Manager to provide his views on the Bitcoin policy and related matters, but since they did not represent ICBC's views, and had little direct bearing on Huobi's operations, they will not be explained point-by-point in this notice.
Today at 12:00, we rushed back to the office to release this notice. Before release of this notice, we did not notify any users or organizations in advance. Please keep an eye on this.
Huobi will officially suspend deposits through its ICBC Zhongguancun Branch account next Monday (April 14)(this will not affect users withdrawing cash from ICBC. We will use accounts at other banks to transfer the funds to your account). At present, this does not affect other banks. Huobi will release any new information immediately.
Here's xiefeilaga's personal translation:
Announcement on the Temporary Cessation of Deposits via ICBC Cards on Huobi
Dear Huobi users:
Latest news from Huobi:
At roughly 10:00am today, we received notice from the Zhongguancun Branch of ICBC (Industrial and Commercial Bank) that they had been notified by operations management to cease providing service to Huobi, and would be closing Huobi's ICBC account by April 18.
At roughly 10:30, several of the Huobi partners rushed to the Zhongguancun Branch of Huobi to communicate with the Customer Manager.
The situation is as follows:
They did truly receive notice from higher up at the bank, requesting a halt to our ICBC Zhongguancun Account, effective April 18
The notice was an oral notice. The branch has not received anything in writing
When asked why other banks had not sent out the same notice, the response was that different banks may be interpreting policies in different ways, and may have different levels of sensitivity
When asked if there was any room for maneuvering, the answer was that there was none. The order had come from above, and there was nothing to discuss
When asked how to handle user funds in the future, the answer was that we could shift our funds to a different commercial bank, but not ICBC.
We asked the Customer Manager to provide his views on the Bitcoin policy and related matters, but since they did not represent ICBC's views, and had little direct bearing on Huobi's operations, they will not be explained point-by-point in this notice.
Today at 12:00, we rushed back to the office to release this notice. Before release of this notice, we did not notify any users or organizations in advance. Please keep an eye on this.
Huobi will officially suspend deposits through its ICBC Zhongguancun Branch account next Monday (April 14)(this will not affect users withdrawing cash from ICBC. We will use accounts at other banks to transfer the funds to your account). At present, this does not affect other banks. Huobi will release any new information immediately.
love it! just like the gox situation: postponing inevitable crash with some bs stories to buy some time.
And every time we go down like it's the first time. Just great.
April 10, 2014, 04:36:11 AM
http://www.reddit.com/r/Bitcoin/comments/22o5si/huobis_bank_account_shutting_down/
Here's xiefeilaga's personal translation:
Announcement on the Temporary Cessation of Deposits via ICBC Cards on Huobi
Dear Huobi users:
Latest news from Huobi:
At roughly 10:00am today, we received notice from the Zhongguancun Branch of ICBC (Industrial and Commercial Bank) that they had been notified by operations management to cease providing service to Huobi, and would be closing Huobi's ICBC account by April 18.
At roughly 10:30, several of the Huobi partners rushed to the Zhongguancun Branch of Huobi to communicate with the Customer Manager.
The situation is as follows:
They did truly receive notice from higher up at the bank, requesting a halt to our ICBC Zhongguancun Account, effective April 18
The notice was an oral notice. The branch has not received anything in writing
When asked why other banks had not sent out the same notice, the response was that different banks may be interpreting policies in different ways, and may have different levels of sensitivity
When asked if there was any room for maneuvering, the answer was that there was none. The order had come from above, and there was nothing to discuss
When asked how to handle user funds in the future, the answer was that we could shift our funds to a different commercial bank, but not ICBC.
We asked the Customer Manager to provide his views on the Bitcoin policy and related matters, but since they did not represent ICBC's views, and had little direct bearing on Huobi's operations, they will not be explained point-by-point in this notice.
Today at 12:00, we rushed back to the office to release this notice. Before release of this notice, we did not notify any users or organizations in advance. Please keep an eye on this.
Huobi will officially suspend deposits through its ICBC Zhongguancun Branch account next Monday (April 14)(this will not affect users withdrawing cash from ICBC. We will use accounts at other banks to transfer the funds to your account). At present, this does not affect other banks. Huobi will release any new information immediately.
Here's xiefeilaga's personal translation:
Announcement on the Temporary Cessation of Deposits via ICBC Cards on Huobi
Dear Huobi users:
Latest news from Huobi:
At roughly 10:00am today, we received notice from the Zhongguancun Branch of ICBC (Industrial and Commercial Bank) that they had been notified by operations management to cease providing service to Huobi, and would be closing Huobi's ICBC account by April 18.
At roughly 10:30, several of the Huobi partners rushed to the Zhongguancun Branch of Huobi to communicate with the Customer Manager.
The situation is as follows:
They did truly receive notice from higher up at the bank, requesting a halt to our ICBC Zhongguancun Account, effective April 18
The notice was an oral notice. The branch has not received anything in writing
When asked why other banks had not sent out the same notice, the response was that different banks may be interpreting policies in different ways, and may have different levels of sensitivity
When asked if there was any room for maneuvering, the answer was that there was none. The order had come from above, and there was nothing to discuss
When asked how to handle user funds in the future, the answer was that we could shift our funds to a different commercial bank, but not ICBC.
We asked the Customer Manager to provide his views on the Bitcoin policy and related matters, but since they did not represent ICBC's views, and had little direct bearing on Huobi's operations, they will not be explained point-by-point in this notice.
Today at 12:00, we rushed back to the office to release this notice. Before release of this notice, we did not notify any users or organizations in advance. Please keep an eye on this.
Huobi will officially suspend deposits through its ICBC Zhongguancun Branch account next Monday (April 14)(this will not affect users withdrawing cash from ICBC. We will use accounts at other banks to transfer the funds to your account). At present, this does not affect other banks. Huobi will release any new information immediately.
love it! just like the gox situation: postponing inevitable crash with some bs stories to buy some time.
gox crashed harder with their lies, when they actually came out and said we've lost it all the market started to rebound lol
April 10, 2014, 04:35:46 AM
postponing inevitable crash with some bs stories to buy some time.
Somehow this behavior reminds me about other, very large financial institutions...
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