Dear BTC China valued customer: To stabilize the recent turbulent Bitcoin market and minimize potential market manipulation, BTC China will end the 0% trading fee promotion, effective immediately, and revert to the 0.3% trading fee. We deeply apologize for the sudden change. BTC China, December 16, 2013
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Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 31063. (Read 26713558 times)
December 16, 2013, 07:06:40 AM
December 16, 2013, 07:06:05 AM
Also btcchina stopping 0% fee and charge a 0.3% again.
I got it...sometimes you miss the really obvious places
December 16, 2013, 07:05:27 AM
Also btcchina stopping 0% fee and charge a 0.3% again.
That can be interpreted as a move aimed at slowing the market down, e.g. either prevent chain reaction shorting or vice versa to prevent a run on btcchina's coins in order to get the f* out.
December 16, 2013, 07:03:53 AM
I suspect this is China going after arbers, the regulations looked like a tool against dirty dealings in the financial sector than against bitcoin and they're just as applicable to foreign banks/financial institutions as native ones. A manipulator cull would be nice 
Have you seen the regulations? Or an accurate translation of them? I'm no fan of currency manipulators but it sounds like wishful thinking. 
December 16, 2013, 07:03:44 AM
December 16, 2013, 07:02:11 AM
December 16, 2013, 07:02:10 AM
Also btcchina stopping 0% fee and charge a 0.3% again.
December 16, 2013, 07:00:50 AM
Quote is from another thread. Reporting here for speculation on what happens next
Wrong - this is what their support is saying - but it appears that you cannot withdraw to *any* bank using either IE or FF now (still checking into this).
The problem is that you cannot select the city or the bank in the withdrawal form.
That would cause a run on BTCChina's coins in order to cash out on Stamp/Kraken etc. So BTCChina's coins might become even more expensive than Gox' ones...
Yes , there're some problems on withdrawals thru Bank of china (BOC www.boc.cn ) using IE . But other banks are ok .
Wrong - this is what their support is saying - but it appears that you cannot withdraw to *any* bank using either IE or FF now (still checking into this).
The problem is that you cannot select the city or the bank in the withdrawal form.
That would cause a run on BTCChina's coins in order to cash out on Stamp/Kraken etc. So BTCChina's coins might become even more expensive than Gox' ones...
December 16, 2013, 07:00:11 AM
The price went down 5%. Paniccccc 
December 16, 2013, 06:59:43 AM
you should also remember mtgox, what will happen when you cant withdraw money from exchange eh? Sounds familiar?
According to that 'fud' news chinese investors will have till spring festival to withdraw their funds from the exchanges, from what i can decrypt on google translate. So it won't be similar panic buy if ever this news is confirmed..
So what would this mean? No more chinese investors?
Is that worse case scenario?
Because I don't think that's such a horrible thing. Always seemed short lived to me.
If this news is true, my understanding is that all current services are stopped and only licensed exchanges will get new services. License will only be given to a few exchanges under regulations.
If this was true and exchanges were licensed it would actually be a great thing, it would likely encourage a lot more trade.
December 16, 2013, 06:58:01 AM
you should also remember mtgox, what will happen when you cant withdraw money from exchange eh? Sounds familiar?
According to that 'fud' news chinese investors will have till spring festival to withdraw their funds from the exchanges, from what i can decrypt on google translate. So it won't be similar panic buy if ever this news is confirmed..
So what would this mean? No more chinese investors?
Is that worse case scenario?
Because I don't think that's such a horrible thing. Always seemed short lived to me.
If this news is true, my understanding is that all current services are stopped and only licensed exchanges will get new services. License will only be given to a few exchanges under regulations.
December 16, 2013, 06:57:37 AM
Lot of pussies around here
December 16, 2013, 06:57:24 AM
I think we might visit 650 today, even if this turn out to be only FUD, it may make some early adopters think about collecting some profits, I am starting to think about cashing half of my bitcoins out, better something than nothing....
so you think we're maybe going to 650 and that's the reason to sell 50%? so you're selling 50% because you could have 825/660 = 20% of win in best case scenario? meaning 10% more to your coins and with how big risks?
big support is at 800 and market is oversold at the moment, just a good spot to give your coins to the whales who started this dip
+1
Sanity from Gandhibit
December 16, 2013, 06:55:56 AM
Tell you what the US is going to wake up and wonder WTF....China is $90 lower than Gox, 30 lower than BTCe/Stamp....I think I'll take a screen shot for posterity.
December 16, 2013, 06:55:13 AM
I think we might visit 650 today, even if this turn out to be only FUD, it may make some early adopters think about collecting some profits, I am starting to think about cashing half of my bitcoins out, better something than nothing....
I'm not worrying about FUD but we should not take this lightly.
We all know Chinese is very tight in capital control. They dont like their fiat being leaked to anything.
They're probably putting btc into stage of regulations. Until they figure it out, they certainly dont want capital leaking.
They said they allowed btc to be traded as commodity..... but now they figured..... hey what happened when their citizens buy btc and sold in Western countries?
edit: we understand why they dont let BTC being used as currency .... tax evasion.... ok..... but as commodity what are they gonna do about capital leaking?
December 16, 2013, 06:54:58 AM
I think we might visit 650 today, even if this turn out to be only FUD, it may make some early adopters think about collecting some profits, I am starting to think about cashing half of my bitcoins out, better something than nothing....
so you think we're maybe going to 650 and that's the reason to sell 50%? so you're selling 50% because you could have 825/660 = 20% of win in best case scenario? meaning 10% more to your coins and with how big risks?
big support is at 800 and market is oversold at the moment, just a good spot to give your coins to the whales who started this dip
December 16, 2013, 06:54:36 AM
you should also remember mtgox, what will happen when you cant withdraw money from exchange eh? Sounds familiar?
According to that 'fud' news chinese investors will have till spring festival to withdraw their funds from the exchanges, from what i can decrypt on google translate. So it won't be similar panic buy if ever this news is confirmed..
So what would this mean? No more chinese investors?
Is that worse case scenario?
Because I don't think that's such a horrible thing. Always seemed short lived to me.
If this news is true, my understanding is that all current services are stopped and only licensed exchanges will get new services. License will only be given to a few exchanges under regulations.
December 16, 2013, 06:54:10 AM
rpietila's troll agency working over time.
get ready for some cheap whale coins.
get ready for some cheap whale coins.
Are you gay or something?
You mention rpietila every two posts.
he is not important that much.
I just find funny those rpietila guys with allegedly lot of coins coming here to spread FUD, their plans and intentions, etc.
they are all the same to me. bad trolls.
December 16, 2013, 06:53:48 AM
So, who's moved their coins already?
I am considering it.
I am considering it.
I did send half to bitstamp, waiting for a clear picture....
December 16, 2013, 06:53:08 AM
If this news was a trick/fud, price should have rebounded already. Now im starting to worry as i bought a bit of the dips 
Yes. It seems a bit strange that china is still not rebouncing even crashing completely.
They seem tu be unsure...
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