Quote from: newestuser1 on September 13, 2017, 02:59:30 PM

At moment the news talk about BTC BAN for chinese exchanges.

First its a news that pops up on many websites. I dont hear its a government confirmed news.

I wonder there are so many ways to exchange BTC fast in everything. Most can be done online. Some can be done in neighbor countries. Agents can provide services for exchange. Credit Cards that convert BTC in minutes can be use in China as well. Chinese Tourists travel everywhere and have many ways to to exchange or open bank accounts.

I do not see any reason for a panic. But there is a panic. I guess its the lack of knowledge.

Or is it a hoax to drop the BTC price?

The rumors are about China banning exchanges in general, not only for bitcoin. I'm not exactly sure if China can access exchange sites like Bittrex though, as China always likes their own version of certain sites (Alibaba/Aliexpress instead of Amazon, Baidu instead of Google, Weibo instead of Twitter, the list goes on).

Can you enlighten me about "Credit Cards that convert BTC in minutes"? I've never heard of such credit cards. Roll Eyes

There's panic because China has a significant effect on bitcoin markets or cryptocurrency markets in general. But yea, alot of false news spreading and ignorant people just straight off believing those false news.