Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 30986. (Read 26711315 times)
December 17, 2013, 12:01:40 AM
December 17, 2013, 12:01:10 AM
Wait a second a communist country with the firewall of china blocking facebook, youtube, twitter etc... Has two different currencies (CNY CNH) for mainland and others, and only allows their citizens to withdraw $50k a year out of the country didn't embrace a revolutionary free currency it cannot control with open arms?!?! No way!!! Although to be fair i expected it to be a bit further in the game
They use 2 currencies to keep their internal economy separate from their external economy, its hard to make your books balance when the stuff goes out and doesn't come back, you have to keep printing more just to keep buying. I doubt there's much stopping anyone taking bucket loads of the internal cash over the border but it wouldn't be much use to them once its out. The currency for external trade would be easy to manage except there's some creative accounting with exchange rates, the only reason China has to go against bitcoin for that is it would make their own creative accounting more difficult.
I'm not sure maybe someone can answer how friendly communist border guards are, but i for one wouldn't want to be caught with over $50k on a Chinese border
December 16, 2013, 11:57:01 PM
Gox is having multiple personality disorder and I think it is driving me insane along with it.
December 16, 2013, 11:51:38 PM
I personally like to keep healthy thoughts based on long term projections within healthy ranges. A healthy Bull is good too.
December 16, 2013, 11:44:41 PM
December 16, 2013, 11:43:27 PM
without deposits coming in and withdraws still going out, BTCChina will become the opposite of gox and always be 2-5% lower?
or btcchina crashes to zero?
this gana be weird.....
they should just halt trading and give everyone their monies back, but they wont do that, so this is gana be weird....
or btcchina crashes to zero?
this gana be weird.....
they should just halt trading and give everyone their monies back, but they wont do that, so this is gana be weird....
It won't crash to zero. For example, the exchange operator could buy up all the cheap coins, and sell at a higher price overseas.
And also, theoretically, people could deposit with cash.
Or sell to all the rappers and rapper-wanna-bes to wear as bling.
December 16, 2013, 11:35:38 PM
without deposits coming in and withdraws still going out, BTCChina will become the opposite of gox and always be 2-5% lower?
or btcchina crashes to zero?
this gana be weird.....
they should just halt trading and give everyone their monies back, but they wont do that, so this is gana be weird....
or btcchina crashes to zero?
this gana be weird.....
they should just halt trading and give everyone their monies back, but they wont do that, so this is gana be weird....
WTF? where did you get this FUD?
BTCchina users have already said bank withdraws still work...
Only the specified payment networks are no longer available...
This is why you should just lock this damn thread. All FUD and BS.
the news was saying withdraws will still work but deposits will stop
no?
No from what i read the "news" (not even a news but rumours), after Chinese New Years all institutions will halt business with btc exchange awaiting for rules and regulations.
3rd Party payment network decide to stop on their own.
so we bounce now?
we need more info to move, price needs to stop moving on this FUD
i'm pretty sure buying the dip was a good idea....
I still dont get why there is no official statements from either CCCP or payment networks or exchanges.
Bitcoin is way beyond China anway. I dont expect any future services/features built on BTC coming from China. As for speculative vehicle, btc will be used for anything from tax evasion to capital leaking in China if this the way CCCP choose to handle btc.
As much as they want to control Internet content, the best they could do was steal Google and forced Baidu..... well not very effective is it?
It's an internal meeting between central bank and 3rd payment service providers. It's not necessary needs to be public, but it has been publicly reported in the media already. Moreover, Tenpay has been removed from all exchanges already.
What remains uncertain is only whether bank service will be allowed and how supportive the banks could be.
December 16, 2013, 11:33:03 PM
without deposits coming in and withdraws still going out, BTCChina will become the opposite of gox and always be 2-5% lower?
or btcchina crashes to zero?
this gana be weird.....
they should just halt trading and give everyone their monies back, but they wont do that, so this is gana be weird....
or btcchina crashes to zero?
this gana be weird.....
they should just halt trading and give everyone their monies back, but they wont do that, so this is gana be weird....
It won't crash to zero. For example, the exchange operator could buy up all the cheap coins, and sell at a higher price overseas.
And also, theoretically, people could deposit with cash.
Deposit is still possible, just the daily limit of the new 3rd part service is small, at least for me.
December 16, 2013, 11:32:18 PM
when i wake up tomorrow, price will be .... 800!
ok go!
ok go!
i suspect this might be the case
December 16, 2013, 11:31:58 PM
without deposits coming in and withdraws still going out, BTCChina will become the opposite of gox and always be 2-5% lower?
or btcchina crashes to zero?
or btcchina crashes to zero?
We still have no proof that BTCChina is shutting down, correct?
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.
It's most likely 2, but meanwhile bank support will be strictly controlled.
December 16, 2013, 11:31:10 PM
without deposits coming in and withdraws still going out, BTCChina will become the opposite of gox and always be 2-5% lower?
or btcchina crashes to zero?
this gana be weird.....
they should just halt trading and give everyone their monies back, but they wont do that, so this is gana be weird....
or btcchina crashes to zero?
this gana be weird.....
they should just halt trading and give everyone their monies back, but they wont do that, so this is gana be weird....
It won't crash to zero. For example, the exchange operator could buy up all the cheap coins, and sell at a higher price overseas.
And also, theoretically, people could deposit with cash.
December 16, 2013, 11:28:26 PM
without deposits coming in and withdraws still going out, BTCChina will become the opposite of gox and always be 2-5% lower?
or btcchina crashes to zero?
this gana be weird.....
they should just halt trading and give everyone their monies back, but they wont do that, so this is gana be weird....
or btcchina crashes to zero?
this gana be weird.....
they should just halt trading and give everyone their monies back, but they wont do that, so this is gana be weird....
WTF? where did you get this FUD?
BTCchina users have already said bank withdraws still work...
Only the specified payment networks are no longer available...
This is why you should just lock this damn thread. All FUD and BS.
the news was saying withdraws will still work but deposits will stop
no?
No from what i read the "news" (not even a news but rumours), after Chinese New Years all institutions will halt business with btc exchange awaiting for rules and regulations.
3rd Party payment network decide to stop on their own.
so we bounce now?
we need more info to move, price needs to stop moving on this FUD
i'm pretty sure buying the dip was a good idea....
I still dont get why there is no official statements from either CCCP or payment networks or exchanges.
Bitcoin is way beyond China anway. I dont expect any future services/features built on BTC coming from China. As for speculative vehicle, btc will be used for anything from tax evasion to capital leaking in China if this the way CCCP choose to handle btc.
As much as they want to control Internet content, the best they could do was steal Google and forced Baidu..... well not very effective is it?
December 16, 2013, 11:26:46 PM
when i wake up tomorrow, price will be .... 800!
ok go!
ok go!
December 16, 2013, 11:25:45 PM
without deposits coming in and withdraws still going out, BTCChina will become the opposite of gox and always be 2-5% lower?
or btcchina crashes to zero?
this gana be weird.....
they should just halt trading and give everyone their monies back, but they wont do that, so this is gana be weird....
or btcchina crashes to zero?
this gana be weird.....
they should just halt trading and give everyone their monies back, but they wont do that, so this is gana be weird....
WTF? where did you get this FUD?
BTCchina users have already said bank withdraws still work...
Only the specified payment networks are no longer available...
This is why you should just lock this damn thread. All FUD and BS.
the news was saying withdraws will still work but deposits will stop
no?
No from what i read the "news" (not even a news but rumours), after Chinese New Years all institutions will halt business with btc exchange awaiting for rules and regulations.
3rd Party payment network decide to stop on their own.
so we bounce now?
we need more info to move, price needs to stop moving on this FUD
i'm pretty sure buying the dip was a good idea....
December 16, 2013, 11:24:50 PM
Bottom: When china is awake...., and a low has been reached..... stage two rebound. from 3251 - current 3670, almost as if the dumb china have sold, while smart held and are buying. almost how the rest of the world loses on BTC everyday... imagine that
December 16, 2013, 11:24:08 PM
Wait a second a communist country with the firewall of china blocking facebook, youtube, twitter etc... Has two different currencies (CNY CNH) for mainland and others, and only allows their citizens to withdraw $50k a year out of the country didn't embrace a revolutionary free currency it cannot control with open arms?!?! No way!!! Although to be fair i expected it to be a bit further in the game
December 16, 2013, 11:23:48 PM
without deposits coming in and withdraws still going out, BTCChina will become the opposite of gox and always be 2-5% lower?
or btcchina crashes to zero?
this gana be weird.....
they should just halt trading and give everyone their monies back, but they wont do that, so this is gana be weird....
or btcchina crashes to zero?
this gana be weird.....
they should just halt trading and give everyone their monies back, but they wont do that, so this is gana be weird....
WTF? where did you get this FUD?
BTCchina users have already said bank withdraws still work...
Only the specified payment networks are no longer available...
This is why you should just lock this damn thread. All FUD and BS.
the news was saying withdraws will still work but deposits will stop
no?
No from what i read the "news" (not even a news but rumours), after Chinese New Years all institutions will halt business with btc exchange awaiting for rules and regulations.
3rd Party payment network decide to stop on their own.
December 16, 2013, 11:21:27 PM
Has there been any actual official confirmation of this last round of news from China? I just read a thread that said it is all rumors based on an unauthenticated online post that isn't online anymore...
No official announcement.... it all started from a Weibo post (Twitter-copycat)
December 16, 2013, 11:21:12 PM
without deposits coming in and withdraws still going out, BTCChina will become the opposite of gox and always be 2-5% lower?
or btcchina crashes to zero?
this gana be weird.....
they should just halt trading and give everyone their monies back, but they wont do that, so this is gana be weird....
or btcchina crashes to zero?
this gana be weird.....
they should just halt trading and give everyone their monies back, but they wont do that, so this is gana be weird....
WTF? where did you get this FUD?
BTCchina users have already said bank withdraws still work...
Only the specified payment networks are no longer available...
This is why you should just lock this damn thread. All FUD and BS.
the news was saying withdraws will still work but deposits will stop
no?
December 16, 2013, 11:20:15 PM
without deposits coming in and withdraws still going out, BTCChina will become the opposite of gox and always be 2-5% lower?
or btcchina crashes to zero?
or btcchina crashes to zero?
We still have no proof that BTCChina is shutting down, correct?
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 vote for number 2. Going thro banks is the best way to control capitals (or thats how the CCCP think).... until they realise the mining economy behind bitcoin. They're gonna ban mining too? like how they "banned" facebook and google?
LOL
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