Bitcoin Will Have A Big Difference In China.

In April 1st, a "brave Beijing". Bitcoin The exchange operates on a low profile. As the market is widely rumored that the bitcoin exchange account must be closed 15 days ago, the "brave Stock Exchange" is likely to become the only newly opened bitcoin exchange in the near future.

Reporter in exchange In the first two days of trading, 424 bitcoin gamers experience the charm of bitcoin trading, and feel the agitation and unrest in the bitcoin market.

　　 The line is late.

At 3 p.m. on April 1, 2014, a message from the world's first publicly traded bitcoin exchange, "brave Beijing" officially launched today, began to occupy the prominent position of the major technology websites. In some bitcoin trading forums, netizens listen to the background of this exchange. At 7 in the evening, the reporter joined the "Qun Xiu Beijing" customer service QQ group with the help of the insider, and became a member of the 213rd group. According to the announcement, the "brave Stock Exchange" will be formally launched at 10 pm. During the 3 hours waiting for reporters, most players will discuss the origin of the two characters, and the relationship between shareholders Li Xiaolai, Zhao Dong and Qiu Liang.

The reporters found that the reason why the "Pi Xiu exchange" attracted bitcoin players was its propaganda mechanism of "open source code, open and transparent assets". "Because some of the bitcoin exchanges have misappropriated user assets and eventually run out of losses, and the closure of Mt.Gox has made more and more people realize the importance of transparency in exchange assets." A bitcoin player told reporters that if the exchange can provide proof of assets (also known as the 100% Reserve Certificate), it means that the exchange will keep all the assets of the user in the exchange, and not use any part of it for anything (such as lending, etc.), which will help to dispel the worries of traders.

At 10 in the evening, "brave Beijing" did not go online on time, and the group began to get restless. Some of the players said, "it's not because today is April Fool's Day". So that the CEO Qiu Liang and customer service of the exchange had to voice in the group many times. "Dear, we didn't give false news, but the staff are doing the final confirmation work. Please be patient." Until 23:30, the "mythical wild animal exchange" was officially opened and a net friend had sunk himself. Remittance Proof of success.

　　 Rumors fell.

After the opening of the morning of April 2nd, the price of bitcoin in the stock market remained stable, and it was 2800 yuan at a time. According to statistics, in the first two trading days, 2000 people registered in the "brave Beijing", and more than 400 people realized online transactions. With the active trading, bitcoin prices began to rise, and once stood on the 3000 yuan position.

But at 7 o'clock on April 2nd, the bitcoin trading platform bit era suddenly issued the "Notice of the time to suspend the CNY recharge", announced that the third party payment has been suspended since tonight, and can not be used after 24 tonight. "This confirms that the central bank's management of bitcoin is true." One investor told the new financial reporter. At 10:30 in the evening, another bitcoin trading platform FXBTC also issued an urgent notice. It stopped processing bank recharge after 24 hours in April 2, 2014 and suspended the bank card business after Sunday (6). The notice also pointed out that "this incident is not a rumor. The central bank has issued a notice requiring that any commercial bank and the third party payment institution not provide liquidation services for bitcoin and other businesses, and requires all accounts of all bitcoin related websites to be closed. Some banks even demand that they sell their homes tomorrow.

Affected by this news, some bitcoin players began selling their bitcoins. One player told reporters: "if you don't throw it before 24 o'clock in April 2nd, even if you make money, you will not be able to transfer to bank realisation. At this stage, it is still the best way to get rid of bitcoins." As a result of heavy selling, many exchange bitcoin prices began to decline, from 8 pm April 2nd to 10 a.m. April 3rd, the "bitcoin exchange" bitcoin price fell from 3000 yuan to 2500 yuan, or more than 16%.

　　 Serious differences in the future

Bitcoin senior player Lao Wu, a teacher of Computer Science in famous universities in China, has long been concerned about bitcoin development. "Because of professional relationship, I was attracted by bitcoin algorithm technology at that time. After in-depth study, I think bitcoin is the real sense of Internet financial products, by contrast, Alipay and other products can only be considered as a financial Internet. In Lao Wu's view, although bitcoin is facing policy risks in China, it is still the most potential electronic currency in the world. According to Lao Wu statistics, there are now more than 300 start-up companies in Silicon Valley, which are developing the Internet products based on bitcoin, which are the foundation for the future development of bitcoin. Therefore, Lao Wu has begun to continue to operate in the overseas bitcoin trading market.

According to press reports, if all commercial banks and third party payment institutions close all accounts of bitcoin trading platform after April 15th, there will be only three ways for domestic investors to invest bitcoins in the future: first, cash transactions; second, purchase recharge codes or point cards for trading platforms; third, switch to overseas exchanges. The specific circumstances depend on the implementation of financial institutions' demands on the central bank.