[2015-10-20] China (Unofficially) Authorizes Bitcoin, Price Turns Bullish

[LiteCoinGuy]

China (Unofficially) Authorizes Bitcoin, Price Turns Bullish

While many media outlets and financial experts have pointed to the large influx of funds from China to Western bitcoin exchanges as the cause of the recent bitcoin price spike, China’s Internet watchdog has announced that it can no longer “ignore its revolutionary changes” announcing that we have entered the “post-Bitcoin era."

...

This publication was released on October 13, around the same time the price of bitcoin in China began to surge.

http://cointelegraph.com/news/115435/china-unofficially-authorizes-bitcoin-price-turns-bullish

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https://www.reddit.com/r/BitcoinMarkets/comments/3pf2bq/china_unbans_bitcoin/cw6515s

[RustyNomad]

Very positive for bitcoin...

First they ignore you, then they laugh at you, then they fight you, then you win. Mahatma Gandhi

[LiteCoinGuy]

Very positive for bitcoin...

First they ignore you, then they laugh at you, then they fight you, then you win.

and after that you get banned again 

[notthematrix]

Very positive for bitcoin...

First they ignore you, then they laugh at you, then they fight you, then you win.

and after that you get banned again 

You can't ban what can't be banned.

[TheGr33k]

China has been quietly hoarding bitcoins for awhile now. I'm going to go ahead and assume it'll stay bullish as long as China shows public interest.
It raises everyone's eyebrows when China is involved in something.

[Kprawn]

I think this might have sparked some new interest : " Meanwhile, The Harvard Business Review China also hosted the 1st global blockchain Summit in Shanghai during this period, possibly adding to the bitcoin hype and buying pressure on local bitcoin exchanges. "

China have been playing with the idea for a while now, and things might come to a point where they will take a positive stance towards it. The jobs and the influx of western capital

cannot be ignored for too long. 

[notthematrix]

China has been quietly hoarding bitcoins for awhile now. I'm going to go ahead and assume it'll stay bullish as long as China shows public interest.
It raises everyone's eyebrows when China is involved in something.

Bitcoin is as gold.
if you have the you OWN them.
and the gov can't control them.
priv key is ownership.

[Denker]

Very positive for bitcoin...

First they ignore you, then they laugh at you, then they fight you, then you win.

and after that you get banned again 

Was Bitcoin ever been officially banned in china?
I really would like to know if someone has any sources.

[gogxmagog]

the last bubble was caused by willy bot. china's wishy washy ban then un ban policies dont have a huge effect. some, but not huge. the very fact the article mentions the Grexit as precedence shows you how much its author knows.