JayJuanGee
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How much alt coin diversification is needed? 0%?


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April 26, 2014, 02:24:54 AM

No this is actually NEW China news this time:  They want to take down recharge codes and other deposit options, and before it was just bank transfers. For the first time, the situation is actually significantly worse now than it was in was in December. For a while we thought that Chinese exchanges would be able to continue doing volume by using alternative payment methods but now it is turning into a complete cut-off. I bet btcchina's ATMs will be taken down.


Your rendition of what is going on in China does NOT make very much sense- especially considering the extent to which bitcoin mining businesses are operating out of china, as well. 

China is going to be o.k. with the various bitcoin mining operations - whther related to the manufacturing of equipment and the actual mining itself?    Just seems contradictory and illogical.

Also, isn't there a little irony in the supposed May 10 date, which happens to coincide with the Global Bitcoin summit in Shanghai.... All seems kind of weird.