Did anyone verify the chinese news today is real? I looked at the link and it was something something xxx ching chang.chong and I didn't want to go because it might be a virus.
It was just a rehash of whats already been said countless times. There hasnt been any news out of China since Dec 15th the situation is exactly the same now as it was then.
In other news the west seems to be overtaking China. There way of telling the Chinese they dont care for their FUD???
By real I mean the article isn't a complete fabrication by a trader.
Seriously, just few days ago PBOC had a public conference and journalists asked about Bitcoin, and the governor said : "PBOC Won’t Ban Bitcoin " ..... I did notice that each time the price goes up an article popup about china banning Bitcoin, the one from today said that they will do it after one week, in December they said they will do it on new years then February, then in March they said the 15th April... come on people.... played me once, shame on you, played me twice shame on me...
http://www.coindesk.com/chinas-central-bank-governor-pboc-wont-ban-bitcoin/ This isn't about banning bitcoin. It's about segregating it from the fiat banking system. People are free to use the bitcoin technology but not pay an exchange with their bank account.
this refer to them being idiots, how people are going to use bitcoin if they are not able to buy and sell ? they said it is not considered a currency but a commodity and people are free to use it, and as any other stock exchange, people are going to use banks to make transactions...
it is clear IMO, banks are not allowed to offer Bitcoin services and also third payment processors, I thought this was clear and I really don't understand how can these people manipulate the market.... in the other hand I really want to know who is behind all of these articles...
someone on the litecoin forum wrote this :
....And we are almost back to where we started on the day before yesterday. It appears that the price spike is due to more news out of China. The PBOC released a statement that said that they didn't have any intention of banning BTC. I have some friends who are in the industry and work with a couple major Chinese Conglomerates. They have all said that the Chinese Government is loading up on BTC behind the scenes, while putting out more and more regulations for the masses. They will most likely back off on their regulations once they feel they have a large enough holding, and feel that they can control the market.
It is still the wild west out there, and market manipulation is running rampant.
