Quote:
Originally Posted by SkinnyPupp
China finally made an official statement on Bitcoin. They said people are free to use and trade them, but warned banks not to use them. This is probably the best case scenario right now
Nonetheless, watch for the ridiculous headlines in the media... the price tanked to like $800 for about 5 minutes and is right back up again  |
BTC-E was such a shit storm when that was announced.
Headlines by bloomberg and others made it sound like BTC is banned.
Prices are backup now, but now China has clearly told us what BTC is to them it's a commodity.