Post
Topic
Board Speculation
Re: What caused this sudden ~10% increase in Bitcoin Price?
by
y3804
on 14/04/2014, 16:58:29 UTC
Priceboost makes sense since China wont be banning bitcoins after all (for the time being)
Would be nice if they made a final decision because these (not) banning rumours don't do any good.

What the fuck is so hard to understand.

China NEVER planned to ban BTC. I don't get why people say this is good news.

However they're closing all commercial bank accounts after April 18th dealing with Bitcoin related services. It's pretty much analogous to a ban IMO.

Can't bank transfer to deposit RMB,  and it'll probably be much harder to withdraw in the near future. There's a reason why they're moving oversea.

You call this good news?