Obviously it is not true, BTC is over in china, and on the 31st it will crash.
Bitcoin has already crashed. on the 31st it will do nothing. dont you get it?
Lol, it's far from ''crashed''.
It will at least drop to the 350-450 range.
I think that chinese that wanted out before new year got out. Today is the last banking day of this year and all withdraws made tomorrow won't arrive before the 1st. I don't know if this news are real or not, what I do think is that if it actually "crashes" during the weekend it will be a lame attempt of manipulation.
I don't think it will last much longer than the silkroad "crash". If its not banned it will be seen as good news. But I think if its banned its even better. This because btc has no frontiers. If chinese actually banned btc a black market will appear. Btc will be sold overpriced to take money out of the country. Once all btc from china are bought, they will be force to actually take money out of china to buy them. People with an excess in they early fiat leak will use that to buy them, whereas people that actually need to transfer more money abroad will buy other people excess in the form of btc. After this point price will skyrocket.
Right now I'm getting more bullish by the hour. If you have a better theory elaborate it