Latest PBOC CNY FUD on BTC google translate "FIRE COIN"

[jubalix]

http://m.finance.caixin.com/m/2014-04-16/100666136.html?m_referer=aHR0cDovL20uZm9yb2NvY2hlcy5jb20vZm9yby9zaG93dGhyZWFkLnBocD9wPTE2MDgxNzc4NA

here we go PBOC at it again apparently.

[mktrader]

just another FUD by caixin...

[MoonWhale]

This isn't even FUD. It just says what everyone knows, that there were some rumours and nothing has happened. Chill people!

[franky1]

westerners. EG america and europe need to stop reading CAIXIN.

and instead get information from other sources, such as from the banks, from the exchanges, and from actual chinese people.

do not use caixin or any media quoting caixin as source.. media should just be the starting point to then seek out actual source information. and then form opinions on actual source information that has credability. do not form financial decisions based on media.

try to find any source that caixin uses (you wont find it, as caixin only post rumours not qoutes)

also westerners need to not panic about a country they do not visit, an exchange they do not have a username for. and a bank they do not have an account with.

unless you are actually physically linked in some way to china dont even worry about it.

[mktrader]

We need to hire a professional Chinese-to-English translator to correctly interpret such releases for the Bitcoin community.

[mktrader]

Up goes the BTC (as people have now realized that there's nothing to worry about)

[franky1]

We need to hire a professional Chinese-to-English translator to correctly interpret such releases for the Bitcoin community.

simple facts.
bitstamp over a year ago had to change bank accounts.. the "impact" was a minor change of 3 lines of information that appeared at the 'deposit funds' button (they simply changed their bank details).. customers did not notice anything worth panicking

china... same thing.. a simple change of bank details changing on their deposit funds button... not even worth panicking over

china just like UK and and america, have some banks that dont want to deal with bitcoin.. i do not see what the hype is all about