Quote from: 1Referee on December 16, 2014, 01:18:45 PM

Quote from: BitCoinNutJob on December 16, 2014, 12:39:22 PM

well by co exist do they mean china can use it for legitimate trades with merchants or do they mean they've bought enough now and want a quick pump before banning it again.

Why would the Chinese government manipulate the Bitcoin price?

They have better things to do than getting into something with a market cap of just 4.6 billion.

Quote from: CoinCidental on December 16, 2014, 01:00:31 PM

Quote from: TugrikBuyer on December 16, 2014, 12:54:37 PM

Conspiracy theories... Maybe they want to sell some and then dump again and buy it back?

Why would they even bother trying to manipulate the btc price when they could just print more paper money and use it to buy usd, gold, diamonds etc

Its more likely they're worried about Chinese citizens sneaking their money to other places outside China that they have no control over

Btc is the perfect vessel for this kind of thing....

What you guys don't get is who is making these "decisions".

It's not the collective Chinese government, it's some random government agency official with just enough power or money to make an announcement like this. For all you know, it may not even be a government official, but just some Chinese guy with connections. Do you really think the leaders of China are sitting down at a big meeting over and over again discussing whether or not to ban Bitcoin?

Somewhere, a couple of Chinese guys are drinking and laughing about how they were able to multiply their money by 50,000% by fooling a bunch of stupid Westerners into thinking China was going to ban Bitcoin.