GigaCoin (OP)
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Giga
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December 05, 2013, 08:48:36 AM
Last edit: December 05, 2013, 10:35:49 AM by GigaCoin |
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tubbyjr
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December 05, 2013, 08:56:13 AM |
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Well anyone who expected governments or banks to welcome bitcoins with open arms is was a fool anyway. It's likely just speculators driving price down, and a few clueless bitcoin holders selling off. If you invested into bitcoins thinking that a huge thorn in government/banks would really go through without a problem, please, get rid of your coins asap, and give it to people with some intelligence.
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NamelessOne
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December 05, 2013, 08:57:54 AM |
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China said it is a commodity that citizens are free to trade. They made sure to put that in there official letter. They are saying it can be used to trade and store of value but not as a currency. Oh boo hoo.
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seanneko
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December 05, 2013, 08:59:49 AM |
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China said it is a commodity that citizens are free to trade. They made sure to put that in there official letter. They are saying it can be used to trade and store of value but not as a currency. Oh boo hoo.
If anything that's good news! WTF is wrong with people? China didn't put their magic stamp of approval on it and worship Bitcoin as our new god? How horrible. |
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NamelessOne
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December 05, 2013, 09:00:39 AM |
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China said it is a commodity that citizens are free to trade. They made sure to put that in there official letter. They are saying it can be used to trade and store of value but not as a currency. Oh boo hoo.
If anything that's good news! WTF is wrong with people? China didn't put their magic stamp of approval on it and worship Bitcoin as our new god? How horrible. Yes exactly! |
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Rockefoten
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December 05, 2013, 09:02:54 AM |
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China said it is a commodity that citizens are free to trade. They made sure to put that in there official letter. They are saying it can be used to trade and store of value but not as a currency. Oh boo hoo.
If anything that's good news! WTF is wrong with people? China didn't put their magic stamp of approval on it and worship Bitcoin as our new god? How horrible. I guess people were disappointed China didn't immediately recognize Bitcoin as their new official currency, replacing the Yuan... |
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GigaCoin (OP)
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Giga
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December 05, 2013, 09:03:03 AM |
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China said it is a commodity that citizens are free to trade. They made sure to put that in there official letter. They are saying it can be used to trade and store of value but not as a currency. Oh boo hoo.
it might also mean they can't cash out bitcoins anymore to their banks, if that truly is the case we are in for a big massive dive. Hopefully that's not the case |
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oakpacific
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December 05, 2013, 09:03:24 AM |
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China said it is a commodity that citizens are free to trade. They made sure to put that in there official letter. They are saying it can be used to trade and store of value but not as a currency. Oh boo hoo.
If anything that's good news! WTF is wrong with people? China didn't put their magic stamp of approval on it and worship Bitcoin as our new god? How horrible. Sorry, we have too many people with reading comprehension problem here.... |
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ElectricMucus
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Marketing manager - GO MP
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December 05, 2013, 09:09:41 AM |
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If they now go after BTCChina...
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Kazimir
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December 05, 2013, 09:16:21 AM |
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China said it is a commodity that citizens are free to trade. They made sure to put that in there official letter. They are saying it can be used to trade and store of value but not as a currency. Oh boo hoo.
If anything that's good news! WTF is wrong with people? China didn't put their magic stamp of approval on it and worship Bitcoin as our new god? How horrible. Sorry, we have too many people with reading comprehension problem here.... And with a maximum attention span of 3 words. "Chinese government says-" whaaaaa PANIC! Well, their loss. Suckers. Too bad I don't have money at exchanges currently, to profit from it :-( |
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seanneko
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December 05, 2013, 09:21:07 AM |
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Lol, if I was a journalist, I'd write a made up story saying "US government bans Bitcoin. Anyone who owns Bitcoin faces up to 36 months imprisonment". Then when the value crashes by 80% I'd buy all the coins I can afford and retract the article.
Even if you lost your job over it, who cares, you'd instantly be rich.
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wobber
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December 05, 2013, 09:24:48 AM |
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OMG! So Chinese Bank did what any sane governmental entity would do : Say that bitcoin can have negative uses too.
Oh, wow, better sell all our coins for this.
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If you hate me, you can spam me here: 19wdQNKjnATkgXvpzmSrkSYhJtuJWb8mKs
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viboracecata
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Varanida : Fair & Transparent Digital Ecosystem
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December 05, 2013, 09:36:04 AM |
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This news only said that bitcoin can not be used as fiat currency, bitcoin is merchandise
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im3w1l
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December 05, 2013, 09:36:08 AM |
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Lol, if I was a journalist, I'd write a made up story saying "US government bans Bitcoin. Anyone who owns Bitcoin faces up to 36 months imprisonment". Then when the value crashes by 80% I'd buy all the coins I can afford and retract the article.
Even if you lost your job over it, who cares, you'd instantly be rich.
That's the kind of thing you go to prison over though. (I believe, not legal advice) The People’s Bank of China, China Banking Regulatory Commission and other regulators have held discussions about drafting rules for trading platforms that facilitate the buying and selling of the virtual money, two people with direct knowledge of the matter said. They were not authorized to speak because the information is not public.
This is pretty bullish I think actually |
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EuroTrash
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December 05, 2013, 09:36:20 AM |
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my reaction, in order: 1: ouch, this hurts  2: cheap chinese coins coming... 3: this will be the biggest tree shake ever 4: oh shit, what if the chinese really drag the market down underground? |
<=== INSERT SMART SIGNATURE HERE ===>
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bitcon
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December 05, 2013, 09:38:43 AM |
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oh no. bitcoin is back to where it was yesterday. i cant take this
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seanneko
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December 05, 2013, 09:39:58 AM |
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my reaction, in order: 1: ouch, this hurts 2: cheap chinese coins coming... 3: this will be the biggest tree shake ever 4: oh shit, what if the chinese really drag the market down underground? 5: Carry on, nothing more to see here |
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600watt
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December 05, 2013, 09:40:41 AM |
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if you put "china", "bitcoin", and "ban" into a reuters press release, this is what you get.
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pokerman
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December 05, 2013, 09:42:49 AM |
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Saying that bitcoins can not be used as currency completely destroys the intrinsic value of bitcoin.
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seanneko
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December 05, 2013, 09:48:15 AM |
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Saying that bitcoins can not be used as currency completely destroys the intrinsic value of bitcoin.
Do you know what the word intrinsic means? That's a rhetoric question. |
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