Quote from: talkbitcoin on January 11, 2017, 01:41:50 PM

Quote from: amirheavy666 on January 11, 2017, 12:24:00 PM

what's happen for bitcoin price after the decision china bank ? Huh

"""The People's Bank of China published an announcement this morning that it will carry out site inspections on January 17 to check whether enterprises dealing in bitcoin have the correct licenses, have implemented anti-money laundering systems and whether there is market manipulation."""""

this has nothing to do with bitcoin or its price, it is regulation and it should have happened a long time ago, it is just bad timing. and it has been happening in the US and now it is happening in China and will continue in other countries.

whenever you do a business in any country and handle lots of money you have to be regulated and have license that is not a new thing and not a bitcoin thing either.

the fact that bitcoin price is going down is because there are many whales who take this opportunity to make a lot of money from weak hands.

I guess it's a good time to buy, what else can happen at this point? more exchanges getting hacked? I doubt it will happen, statistically it was too recent and it happens like once a year, we just started the year and last big hack was the bitfinex hack, so after this chinese crap is over the bottom is found and its time to buy again.