I don't even understand why this is taken as bad news, its just neutral. Banks can't trade in bitcoins or take out insurance against them, hardly surprising. Individuals can do what they want but they accept the risk.
This is no change to how the rest of the world is working with Bitcoins. I'm surprised if any Chinese banks have invested in Bitcoins heavily anyway.
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 31385. (Read 26608375 times)
December 05, 2013, 03:51:53 AM
December 05, 2013, 03:51:30 AM
well, it seems its going into uncharted teritory
http://www.pbc.gov.cn/publish/goutongjiaoliu/524/2013/20131205153156832222251/20131205153156832222251_.html
http://www.pbc.gov.cn/publish/goutongjiaoliu/524/2013/20131205153156832222251/20131205153156832222251_.html
Quote
"Notice" clearly the nature of Bitcoin that Bitcoin is not issued by the monetary authorities, such as not having sex with mandatory legal tender currency property, not the true meaning of money.
Thanks, Google Translate.
December 05, 2013, 03:50:48 AM
You all know what I smell.
December 05, 2013, 03:49:29 AM
December 05, 2013, 03:49:08 AM
China giveth China taketh. Looks like this is the end of the rally.
December 05, 2013, 03:48:31 AM
well, it seems its going into uncharted teritory
http://www.pbc.gov.cn/publish/goutongjiaoliu/524/2013/20131205153156832222251/20131205153156832222251_.html
http://www.pbc.gov.cn/publish/goutongjiaoliu/524/2013/20131205153156832222251/20131205153156832222251_.html
December 05, 2013, 03:48:00 AM
bleh, fiat not accessible, otherwise I would have bought some here.
December 05, 2013, 03:47:40 AM
we are dipping so hard, I wont take any action, to risky to do anything now
December 05, 2013, 03:45:04 AM
Bitstamp under $1000 now. Lame
Hardly. Good chance to nab another couple coins.
Looks like China's ticker is still bleeding red
December 05, 2013, 03:44:40 AM
Bitstamp under $1000 now. Lame
December 05, 2013, 03:44:22 AM
I love how people make these huge knee jerk reactions and sell off huge amounts rather than being a bit more smart about things. Massive selling on Gox and Stamp right now, no doubt it will recover again within a day or so and just makes everyone and Bitcoin look stupid.
i love it better chances for dupliticating my bitcoin again
December 05, 2013, 03:44:10 AM
Hold on a second:
Bloomberg Twitter - "BREAKING: China bans financial institutions from Bitcoin transactions"
Reuters - "China's central bank warned on Thursday that financial institutions should not trade the digital currency bitcoin, saying that while it does not yet pose a threat to China's financial system, it carries risks."
Uh, so... financial institutions banned, or warned?
Bloomberg Twitter - "BREAKING: China bans financial institutions from Bitcoin transactions"
Reuters - "China's central bank warned on Thursday that financial institutions should not trade the digital currency bitcoin, saying that while it does not yet pose a threat to China's financial system, it carries risks."
Uh, so... financial institutions banned, or warned?
Warned not to use it until risks better understood. Perhaps we should interpret this in a bullish way. Bloomberg clearly wants to drive the price down so I guess they want to buy in.
December 05, 2013, 03:43:54 AM
So, did we have a double top?
bulls will call it cup and handle, bears will call it double top
Stop saying the tea leaves look like tea leaves, it's against the rules.
December 05, 2013, 03:43:40 AM
Isn't a bitcoin exchange a financial institution or could be described that way?
December 05, 2013, 03:43:18 AM
what the F is happening ?
December 05, 2013, 03:43:08 AM
Hold on a second:
Bloomberg Twitter - "BREAKING: China bans financial institutions from Bitcoin transactions"
Reuters - "China's central bank warned on Thursday that financial institutions should not trade the digital currency bitcoin, saying that while it does not yet pose a threat to China's financial system, it carries risks."
Uh, so... financial institutions banned, or warned?
Bloomberg Twitter - "BREAKING: China bans financial institutions from Bitcoin transactions"
Reuters - "China's central bank warned on Thursday that financial institutions should not trade the digital currency bitcoin, saying that while it does not yet pose a threat to China's financial system, it carries risks."
Uh, so... financial institutions banned, or warned?
i think for the banks is kind of a legal warning, not said but implying the ban i guess, and the media is taking advantage by making it worst than it seems tho, hope we stop at 1060-80 tho at least
December 05, 2013, 03:41:48 AM
I love how people make these huge knee jerk reactions and sell off huge amounts rather than being a bit more smart about things. Massive selling on Gox and Stamp right now, no doubt it will recover again within a day or so and just makes everyone and Bitcoin look stupid.
December 05, 2013, 03:41:31 AM
So, did we have a double top?
bulls will call it cup and handle, bears will call it double top
December 05, 2013, 03:41:26 AM
So the 96k dude is dumping on Stamp?
Here is the proof 6k chunk is missing...
https://blockchain.info/address/1CbR8da9YPZqXJJKm9ze1GYf67eKAUfXwP
December 05, 2013, 03:41:21 AM
China is saying it is is a commodity and not a currency they are are okay with that. Trade it, but don't use it to buy things.
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