I think its very possible that all this news out of china is just so the Chinese government can scoop up all the coins for cheap and then just by changing there minds drive the price back up to the moon.
Think about it, all they have to do is turn around and say, "we made a mistake, bitcoin is great, you can all do business in it"
Man, what a scam!
Yes! the worlds second largest economy, made this announcement so then can steal the bread crumbs from your pocket. Because a country with 8.2 trillion in GDP and 1.3 trillion in held US debt needs to lower the prices of bitcoins in order to be able to buy some.
I'm not saying the price of bitcoins wont go back up, I'm saying that statements like this smell of panic.