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    A bad news: China's central bank further restrictions Bitcoin

    Feathercoin Discussion
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    • lizhi
      lizhi last edited by

      Over the past 24 hours, all the Chinese exchanges are beginning to charge. Trading fee of 0.2%, 0.5% withdrawal fee. If this is the last supper ?
      simultaneously,Some bookmakers began to leave.

      Currency will return to the most basic functions: means of payment. ;)

      Do not worry. The sun still rises :D

      [attachment deleted by admin]

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      • wrapper
        wrapper Moderators last edited by

        Thank fully, it would seem incredible that the Chinese government is pump and dumping the Bitcoin exchanges with their announcements?

        Wouldn’t it?

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        • A
          arnoutvdk last edited by

          I don’t know if this is good or bad news.

          I was expecting this sooner or later. The government doesn’t really like these cryptocoins.
          They would like to keep things centralized.
          Sure, they watched it from afar and thought: what a nice experiment.

          Suddenly, it wasn’t an experiment anymore, but became more and more a valid currency.
          aka: problems!
          What good is it that you can print more money, when that money isn’t worth **t anymore?

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          • A
            arnoutvdk last edited by

            Long winter… or untill another currency crashes…

            Remember Cyprus: all of the sudden Bitcoin raised above 200…

            But actually, this isn’t bad for FTC. I personally don’t think China was that involved in FTC anyway…

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            • lizhi
              lizhi last edited by

              Bitcoin hoarding it will increase more and more speculative property, reduce monetary attributes. Then you should not hoard bitcoins, but to take out bitcoins to achieve its monetary function.

              Tomorrow there will be new news. ;) Do not worry, the Chinese market did not collapse.

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              • V
                vizay Regular Member last edited by

                Bitcoin took a hit, yeah…but ftcs value in correlation to btc has pretty much been stable since the news from china arrived. So all in all ftc is a wee tiny bit stronger. No cow on the ice so far imho :)

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                • C
                  cyborg last edited by

                  bitcoin will go under $500 by end of this year…nevertheless its a great time to buy again for investors

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                  • lizhi
                    lizhi last edited by

                    Bitcoin China Price is 573$, BTC-E Price is 630$. Bitcoin is flowing from China .

                    December 16 afternoon, the central bank explicitly requested to convene a meeting when the third-party payment companies, third-party payment institution shall not provide hosting bitcoin trading site for the trading business. This shows that Chinese regulators to gain another victory bitcoin, smooth transactions and difficulty increase, market or temporarily stalled.

                    Currently price stability. FTC/CNY is 1.6, Prices flat .

                    [attachment deleted by admin]

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                    • ?
                      A Former User last edited by

                      With the exception of namecoin and novacoin, the bulk of the bigger alts have held their ground quite well it seems.

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                      • J
                        jti8899 last edited by

                        It is what the people are willing to make it!
                        All the crypto currencies are is an alternative to centralized currencies, control, manipulation, slavery, and bank and governments ability to steal your creativity. For now, “they” hold control of most of what we all do and take a bite out of all of it. They are starting to see that it isn’t just a funny experiment. We are gaining traction when the central banks begin to ban playing with us. I say hallelujah! They see we could topple them if allowed to continue with our “little experiment”
                        Think for just a moment what would all those super rich people do if not one single person would willing do anything for them? Not cook their food, not clean their mansions, not drive their cars, man their factories, or their armies? Seriously they would have to do what all the rest of us do, get up and make your breakfast, go to the grocery store or tend your garden, fix your car and create something of value to trade with the people who posses the skill sets that you don’t!
                        They derive all that power they wield over us, from us! You can stop feeding that beast! Maybe not all at once, just lower your dependence a little more every day. Grow a garden, exchange created goods and services using crypto currencies for the medium of exchange with others who are making this conscious choice. Refuse to trade things of value for things of no value. Worry not if you can’t trade your FTC for USD, keep them, trade them back and forth with others who choose to use them, that is the whole point!
                        This whole thing is the collective voice saying enough already. Feed that, and stop feeding all your power and creativity to those who could care a less if you live or die, only how they can use you for their own personal gain. Don’t expect it to change over night, but at least put in as much effort to building the new as you do strengthening the systems that only take from you! China, USA, Australia, those borders mean nothing. FTC is a world scope project. Stay focused.

                        peace
                        ~//~

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                        • lizhi
                          lizhi last edited by

                          Latest News: Deposits channel Close. Only money past recharge can buy coins. :-\
                          Not only have new deposits after the opening of the channel. However, the deposit fee will be higher. BTC and LTC is continuing outflow of China. They will go to BTC-E.

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                          • S
                            svennand Regular Member last edited by

                            Holy hell.
                            This was kinda stupid to wake up to this morning, regret i didn’t sell my last BTC last night @700…

                            So any prediction how low this will go? :o

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                            • S
                              svennand Regular Member last edited by

                              [quote name=“unkunku” post=“45764” timestamp=“1387351857”]
                              Unkunku’s financial advice: Short the fuck out of bitcoin and litecoin ASAP.

                              However, you’re a financial idiot if you listen to this advice just like that. Either you had your position when there was a signal to sell or you’ve rolled your dices. To short/buy now is pure gambling, rather go play roulette and bet all on black then.
                              [/quote]

                              Lol your so negative ???
                              Gonna go to trollbox for advice ;D

                              On a happy note, only have two BTC myself and a bunch of altcoins. Substantial amount is cashed out for ROI+Christmas bonus.
                              Even with current value of BTC I’m making 100$ pr day after paying for electricity.

                              So only need 20 days to pay down my new 12x 280X investment (sold old cards so 1/3 of the amount was covered there).

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                              • S
                                svennand Regular Member last edited by

                                BTC to da moon ;D

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                                • S
                                  svennand Regular Member last edited by

                                  bringing allspark to the darkside :P

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                                  • lizhi
                                    lizhi last edited by

                                    Different people work on the same problem in different ways. Everything storm will pass. We need to reflect ,what do the exchange exist ? Reflect its role. ::)

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                                    • P
                                      Pryderi Regular Member last edited by

                                      [quote name=“lizhi” post=“45758” timestamp=“1387351425”]
                                      Latest News: Deposits channel Close. Only money past recharge can buy coins. :-\
                                      Not only have new deposits after the opening of the channel. However, the deposit fee will be higher. BTC and LTC is continuing outflow of China. They will go to BTC-E.
                                      [/quote]

                                      Which is bad for the BTC price, but good foor FTC since it’s being exchanged on BTC-e!

                                      I’m not entirely sure about what the recent news means. Will they not be able to trade BTC in China AT ALL or just not on Chinese exchanges (not sure how many external site’s are available in China).

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                                      • F
                                        flcph Regular Member last edited by

                                        hello,

                                        just a little bit of good news for change

                                        Feathercoin (FTC) Emerges as Arbitrage Powerhouse Within Cryptocommodity Marketplace, Claim BitcoinIntel Analysts

                                        [url=http://www.itbusinessnet.com/article/Feathercoin-(FTC)-Emerges-as-Arbitrage-Powerhouse-Within-Cryptocommodity-Marketplace-Claim-BitcoinIntel-Analysts-2971260]http://www.itbusinessnet.com/article/Feathercoin-(FTC)-Emerges-as-Arbitrage-Powerhouse-Within-Cryptocommodity-Marketplace-Claim-BitcoinIntel-Analysts-2971260[/url]

                                        tak

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                                        • lizhi
                                          lizhi last edited by

                                          Hackers launch a DDOS attack ! China’s central bank WebSite is offline.

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                                          • S
                                            svennand Regular Member last edited by

                                            [quote name=“lizhi” post=“45792” timestamp=“1387359407”]
                                            Hackers launch a DDOS attack ! China’s central bank WebSite is offline.
                                            [/quote]

                                            Lol people do not agree on the decisions me thinks:P

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