Quote from: Eri on December 18, 2013, 07:18:30 AM

Ok, so nobody has links to anything other then reports that say they have a source or multiple sources.

when china made the initial announcement they did so with 4 different agencies, this announcement itself was widely miss translated and interpreted incorrectly.

but none of them provide a source and the 'sources' themselves havent written anything publicly or provided any type of proof for what they supposedly said, only rumor. there has still been no official word or report from anyone in a position to give one within the chinese gov't.

We all know that the markets are linked. what one does they all do. You could also take into account that BTC china had no fees prior to this, so people from all over the world that dont speak chinese are likely trading on that exchange. these people reacted to rumor, taking the resulting price dip as evidence that the rumors were right is just silly. We also know that there are groups of people that sell and buy bitcoins to speculate and likely sold bitcoins after hearing this news knowing that there would likely be a dip in price, especially considering what happened last time with the miss translation and the resulting 200$~ price dip.

As a person that uses sound judgement, who cant read chinese and doesnt live in china i cant possibly believe any of this knowing how people reacted previously to false information and knowing that this time there is no information at all to base anything on.

The rumors themselves only seem to mention companies similar to paypal. while the original announcement by the govt explicitly gave the exchanges the OK to continue to operate. if exchanges could not receive funds in any way, then how would they operate? are we to believe that china has made a complete 180 degree turn? i find this unlikely. Even in the event the rumor is true and companies like paypal cant do business with the exchanges, it wouldnt make much difference as the banks still would be able to, and bitcoins could still be traded locally via meetups.

There is too much miss information... im going to just sit back and watch the show. not like id pull out of bitcoin anyway.

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