Author

Topic: [2014-04-25] CR: Bank of China Issues New Warnings, Bitcoin Price Drops (Read 766 times)

legendary
Activity: 3766
Merit: 1217
It is time to ban anyone who post unsubstantiated rumors from that scam site Caixin. Delete the post and ban the user.
newbie
Activity: 56
Merit: 0
sr. member
Activity: 518
Merit: 250
They want to buy btc at cheaper price, thats why  Smiley
hero member
Activity: 686
Merit: 500
Thank you, rumor spreaders, for making bitcoin cheaper for me to buy.
These rumors are getting old fast, soon nobody will pay attention to them or believe them anymore, and it will have no effect on the price of BTC at all. Buy while they still effect the price!


full member
Activity: 195
Merit: 100
The Skin GURU/We all love the abused trust system
China ban bitcoin every month so that kind of news must not surprise you at all...
hero member
Activity: 602
Merit: 500

Quote
As a result of the reported crackdown by the PBOC, Bitcoin price has dropped to around $450 from its recent high of around $500 after recovering from yet another China scare. The price drop indicates that traders are panicking due to the China news. It almost feels as though there is some form of manipulation being instigated by the Chinese Bank officials as it would seem that they still haven’t made up their minds. It is also important to note that Caixin has a reputation of spreading rumors hence this recent news should be taken with a grain of salt.

This is why I was telling many times - we should look at our markets. Instead of listening to rumors.
#1 period........................
legendary
Activity: 2212
Merit: 1199

Quote
As a result of the reported crackdown by the PBOC, Bitcoin price has dropped to around $450 from its recent high of around $500 after recovering from yet another China scare. The price drop indicates that traders are panicking due to the China news. It almost feels as though there is some form of manipulation being instigated by the Chinese Bank officials as it would seem that they still haven’t made up their minds. It is also important to note that Caixin has a reputation of spreading rumors hence this recent news should be taken with a grain of salt.

This is why I was telling many times - we should look at our markets. Instead of listening to rumors.
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