The public bank of china or whatever they call it, has already made their statement about how they want to make bitcoin more stable and less prone to scams in the exchanges (which ironically triggers a panic sell). Now the have used this to trigger this crash, after this is done and exchanges become officially regulated, the panic selling should be over and the price will continue climbing. Looks like we may be finding a bottom soon. It may be 790 or may be not tho. So gamble on.......
Read about how the Chinese have thwarted a huge pyramid scheme yesterday and it was to be said in the billions of dollars. So this is the reason they have policed the exchanges now? Because now they are aware that their own exchanges are "prone" to scams?So this regulation made all the shady people who were part of these scams pull all their money out or the Chinese authorities just confiscate the millions that were in these exchanges then causing this whirlwind of decreasing the bitcoin price?
