No it was not. But even if it was a sham, bitcoin has been oversold badly in the last several months and crash is imminent.
Ok that's good that at least the news is accurate then. I would hate to think we all just got fooled. And yes, I agree the price is way over what it should be. 
Topic: Was the China news truly a sham? - page 2. (Read 3206 times)
No it was not. But even if it was a sham, bitcoin has been oversold badly in the last several months and crash is imminent.
My friend gave me a link to this: http://www.btc38.com/btc/btc_market/476.html
and this
http://www.reddit.com/r/Bitcoin/comments/1t2mec/youve_been_duped_china_may_not_be_a_paragon_of/
which stated that basically this latest regulatory "update" was a sham.
I wish I could read Chinese. What is the Chinese article saying?
I did a google translate of the page and if the translation is correct it reads:
and this
http://www.reddit.com/r/Bitcoin/comments/1t2mec/youve_been_duped_china_may_not_be_a_paragon_of/
which stated that basically this latest regulatory "update" was a sham.
I wish I could read Chinese. What is the Chinese article saying?
I did a google translate of the page and if the translation is correct it reads:
Quote
"Xiao Bian open central bank "payment and settlement company," the page (http://www.pbc.gov.cn/publish/zhifujiesuansi/394/index.html), did not [publish] this news. Rumor has no visible acting in order to do their utmost.
Because in all kinds of superposition, the market began to panic, and some players began selling virtual currency, eventually causing an avalanche effect."
Because in all kinds of superposition, the market began to panic, and some players began selling virtual currency, eventually causing an avalanche effect."
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