So did China ask all banks not to invest in Bitcoins or only their central bank?

gusti

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Quote from: wobber on December 05, 2013, 12:31:07 PM

Today is the best example on how people are uninformed and uniformable sheep, retweeting erraticaly everything and panicking with thousands of dollars invested "in the new paradigm"

With every flash crash, there are winners and loosers. I would not call the winners "sheep".

crazy_rabbit

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If you think about it- it's a smart move. The banks moving into BTC too fast would give them too much power over it and too much risk. Imagine a bank speculating big time with an enormous about of their holdings, and the price of BTC crashing, if even only temporarily- the government would be on the hook for bailing out that bank. The chinese don't want this, and hence, banning finacial institutions for dealing with it until further notice.

wobber

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Today is the best example on how people are uninformed and uniformable sheep, retweeting erraticaly everything and panicking with thousands of dollars invested "in the new paradigm"

Dragonkiller

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all banks

ashaw596

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Yes, that was half the point of my post. I did not use the word "ban" except to complain about it. Other than that, does anyone actually know what they actually said?

theonewhowaskazu

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I don't think they 'banned' it, more like a risk disclaimer if you ask me.

ashaw596

full member

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I'm partially ask this because I really don't know.

But also because the use of the word ban is really annoying me.

They pretty much just warned everyone its a really volatile thing to invest in (which I hope everyone could already tell) and that their banks shouldn't deal with it because its too risky of an investment.

Topic: So did China ask all banks not to invest in Bitcoins or only their central bank? (Read 641 times)