chinks are kill

oh no the 22nd largest exchange
better sell it all, crypto is dead

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.

>>3484330

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.

>>3484330
OKCoin.cn, Huobi and BTCC are all be shutdown as OKEx will remove them from their index constituents

https://blog.okex.com/2017/09/15/notice-of-change-of-index-constituents/

>>3484342
Good, Europe will take over the Bitcoin market from those dirty Chinks.

>>3484358

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

>>3484315
CRAWLING IN MY SKIN

I really like how I generally use /biz/ 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.

NEVER SELL
IRON HANDS!

ONE THING I DON'T KNOW WHY

How low is this going to dump?
I have eth limit orders down to 204 but don't know if it will go lower

>>3484418

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.

>>3484335
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.

>>3484430
Guess I'll just try to pick up some cheap coins and not get too greedy

>>3484437

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:

https://www.youtube.com/watch?v=yEBFf8-IUbw&list=PLnPIKxHhpQ0YikR2mT-ilPdX4BqZW7N_6

>>3484458
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

File: 1877_Finex_2017-07-16.png (87KB, 1745x785px) Image search: [Google]

87KB, 1745x785px

Reminder that Bitcoin was $1877 exactly two months ago

>>3484467

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.

>>3484470
Ayyy lmao

>>3484467

Did u even watch the video or do you just spew bullshit from your mouth?

>>3484480
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.

>>3484540

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.

>>3484592
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

File: peperage.png (262KB, 600x600px) Image search: [Google]

262KB, 600x600px

>>3484315

well fuck looks like its time to sell

>>3484603

That would be a great analogy, weren't it for the fact that only PRIVATE (/wealthy) INVESTORS could continue investing.

>>3484623
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.

>>3484661

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.

>>3484609
buy high sell low

>>3484998
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

>>3485059

I had previously already sold my BCC, I just bought back in for a tidy profit!