oops. This does sounds grave.
http://www.coindesk.com/china-bans-payment-companies-working-bitcoin-exchanges-sources-claim/
Coin desk "our source revealed they got their information from various channels, including those people who were at the meeting."
Payment processors banned from working with the Exchanges.
http://www.coindesk.com/china-bans-payment-companies-working-bitcoin-exchanges-sources-claim/
Coin desk "our source revealed they got their information from various channels, including those people who were at the meeting."
Payment processors banned from working with the Exchanges.
Worrying, its not exactly clear though, do exchanges stay open? Do bank transfers still work? Lots of good articles by that author so its unlikely its deliberately vague, have to wait and see but it explains some of this at least.
Exactly what I'm thinking. The low price + whales seeing an opportunity might be at work at this very moment, but this author doesn't seem like the type to run with unsubstantiated news. I had read elsewhere that there was some sort of theft in China that might have been the trigger of some sort.
The price is dancing up and down, but I think I'm going to sit on the sidelines till this is proved true or not. Just as likely it could prove true in the middle of my night and the price crater before the morning.
the next dump will be even harder it will bring us lower than 600, I am still not buying it ...