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VIABTC CLOSING AS WELL
STRAP IN BOYS
Chinks are kill
Owen Rogers
Jordan Wood
oh no the 22nd largest exchange
better sell it all, crypto is dead
Ethan White
Also the retards who haven't read actual firsthand news: NO these aren't mild regulatory measures being taken, china is basically preventing anyone except from very wealthy private investors from having anything to do with crypto's.
And the entire fucking reason crypto's are so populair is because you can make so much money trading it -> which requires non-wealthy investors.
Evan Harris
It is not about its size, its about the message that it sends. It isnt just the faggots at BTCC who like to suck their goverments penisses, this means the entire industry is collapsing.
Dylan Rodriguez
OKCoin.cn, Huobi and BTCC are all be shutdown as OKEx will remove them from their index constituents
blog.okex.com
Caleb Williams
Good, Europe will take over the Bitcoin market from those dirty Chinks.
Levi Lopez
It's a lot of dumb money taken away though, which is unfortunate.
I am betting though that some smart chink will eventually create a workaround, but this might take some time
Jaxson Harris
CRAWLING IN MY SKIN
Anthony Nguyen
I really like how I generally use Veeky Forums to post news (instead of the cancerous shilling most people invest time in), and yet 90% of people here just ignore it. Even though this is the type of news that ALWAYS causes the market to move (notice how we just hit a new 24h low?). Most people here are really never going to make it.
Christian Ward
NEVER SELL
IRON HANDS!
Aaron Jackson
ONE THING I DON'T KNOW WHY
Hunter Ramirez
How low is this going to dump?
I have eth limit orders down to 204 but don't know if it will go lower
Brody Ross
Really depends on statements from the larger chinese exchanges, expected somewhere today.
If they are (extremely) positive, expect massive FOMO, maybe even creating a new ATH this week. If they are positive, but vague (most likely), expect increase to 3500/4000 range. If they are negative, we are probably going towards sub 2400.
Bentley Kelly
spotted the short that is going to get squeezed
china had money transmission laws already on the book. their exchanges were not following the law. china asks them to follow law and get a license.
no different than how coinbase needs money transmission license in the USA.
even better, china called out ICOs as scams. and they are. so money has to leave ICOs and go back to bitcoin when exchanges open back up.
this is the most bullish news we've had all year for bitcoin. absolutely fantastic.
Ethan Ross
Guess I'll just try to pick up some cheap coins and not get too greedy
Hudson Rogers
It might turn out ok, but I dont expect it to happen soon.
Watch this interview with Da Hongfei on the current situation, and tell me its not extremely depressing:
youtube.com
Zachary Walker
that interview is basically exactly what i said
ICOs are a scam. ethereum is an ICO platform = scam platform. neo is a clone of ethereum. another scam.
china just declared neo a scam. of course hongfei is buttblasted.
but this is great for bitcoin
Jonathan Lee
Reminder that Bitcoin was $1877 exactly two months ago
Nicholas Barnes
Yeah because bitcoin is being used by your local granny to buy milk at the grocery store, and not by neets and greedy investors trying to get into lambo land.
Thanks for the reminder, I almost forgot.
Zachary Mitchell
Ayyy lmao
Justin Ross
Did u even watch the video or do you just spew bullshit from your mouth?
Connor Phillips
china banned the scammers
the SEC called out ethereum as a security violating the law, effectively banning ICOs
the two largest markets are purging scams
i dont know what you could possibly dream up that is more bullish than this. its amazingly positive. now the scammers that have been sucking market cap out of bticoin have to fear going to jail for it.
Easton Gonzalez
It's like saying your local casino just banned gambling, turning it into a hangout for senior citizens. But hey at least you still get to play scrabble and buy thee, which is great for business.
Ryan Bell
no, it's like the state doing inspections of the slot machines at your casino and certifying them as fair after rumors of cheating spread
Carter Wood
well fuck looks like its time to sell
Ryder Smith
That would be a great analogy, weren't it for the fact that only PRIVATE (/wealthy) INVESTORS could continue investing.
Elijah Sanders
what the hell are you talking about?
anyone can buy bitcoin.
as far as ICOs go, every one of them is a scam. there were security laws in place that prohibited ICOs in the USA and China before the craze even started
who flaunts the law like that? only people who have nothing to lose. scammers that dont have real ideas. everyone with a legit idea follows the law and goes to VC.
EVERY single ico is a scam so far. 100% of them. the regulatory crackdown is the best thing ever.
Nolan Myers
The regulations proof that: btc can be fucked over by goverments + goverments are going to stop the altcoin gambling business.
Take that as positive news all you want, I have drawn my conclusions.
Nolan Rodriguez
buy high sell low
Joseph Martinez
you're a dumbass
china acknowledges that bitcoin can't be banned in their official statements and they are not even trying
that means you can ICO on bitcoin if you want.
the only thing that has changed is it is harder for ICO scammers to scam. ethereum was an affinity scam with 100% idiot suckers as investors. bitcoin has a wiser investment base, so you cant ICO on bitcoin without a solid value proposition
we will see uncensorable ICOs on bitcoin via colored coins eventually. but the scams are dead. ethereum/neo is dead. and bitcoin will moon even harder because of it
Benjamin Williams
I had previously already sold my BCC, I just bought back in for a tidy profit!