China said it is a commodity that citizens are free to trade. They made sure to put that in there official letter. They are saying it can be used to trade and store of value but not as a currency. Oh boo hoo.
If anything that's good news! WTF is wrong with people? China didn't put their magic stamp of approval on it and worship Bitcoin as our new god? How horrible.
Sorry, we have too many people with reading comprehension problem here....
And with a maximum attention span of 3 words.
"Chinese government says-" whaaaaa PANIC!
Well, their loss. Suckers.
Too bad I don't have money at exchanges currently, to profit from it :-(