This China ban news is starting to get a bit old, is there a way to get things over with and be done with it?
I want more diverse bad news for the downtrend till around April.
Btw I have been wondering for a while, there seem to be a lot of people who are convinced that the Chinese just about own bitcoin, but what actual proof is there? The exchanges operate with zero fees and they have been caught sticking on extra zeros. Add to that that there are around 250k btc-addresses with more than 1 BTC worlwide, I don't see how that equals to millions of Chinese btc-holders.
I also think that most of the coins in china are offshore accounts trading there because of fee structure. just means volume will go down on huobi and btcchina and move to other exchanges. Mas exodus of BTC being bought to transfer to bitstamp, etc... Even if this news is confirmed it wont be as bad as everyone is thinking. Plus Hong Kong though part of china, is really almost outside mainland china's laws, and singapore, india, australia, africa etc... are coming online.