China officially bans BTC.

[buggrock]

Warned you over a week ago

https://bitcointalk.org/index.php?topic=351691.0

Here is the ban link

http://www.zerohedge.com/news/2013-12-05/bitcoin-tumbles-after-china-central-bank-bans-financial-companies-using-digital-curr

With no China support. Today is the beginning of the end. I strongly recommend you sell your BTC and get out now before the bitcoins price collapse,  you will lose your money.

Once again. You are being warned!

[DodoB]

Dont worry. bitcoin will never die,it will rise again soon.

[BurtW]

Warned you over a week ago

https://bitcointalk.org/index.php?topic=351691.0

Here is the ban link

http://www.zerohedge.com/news/2013-12-05/bitcoin-tumbles-after-china-central-bank-bans-financial-companies-using-digital-curr

With no China support. Today is the beginning of the end. I strongly recommend you sell your BTC and get out now before the bitcoins price collapse,  you will lose your money.

Once again. You are being warned!

Thanks for at least trying to get us all some cheaper coins.  Wish your FUD worked better.   I would like to buy some more at less than $0.40 mBTC/USD.  Keep trying!  You never know, maybe one day you will get it right.

[Rundood]

BTC was not banned in China.  That is false.  The government said that BANKS could not get involved at this time.  They specifically said that individuals and exchanges  would be allowed.

[DodoB]

BTC was not banned in China.  That is false.  The government said that BANKS could not get involved at this time.  They specifically said that individuals and exchanges  would be allowed.

I dont think they have much control of individuals and exchanges anyway. if someone wants to send bitcoin he can do it,unless a guard is standing 24/7 over him.

[zuerdemon]

BTC was not banned in China.  That is false.  The government said that BANKS could not get involved at this time.  They specifically said that individuals and exchanges  would be allowed.

I dont think they have much control of individuals and exchanges anyway. if someone wants to send bitcoin he can do it,unless a guard is standing 24/7 over him.

Yes but they could ban exchanges trading Bitcoin, which they did not

[Rundood]

The banks aren't involved anyway, this is simply a preemptive move

[BurtW]

Price heading back up.  DARN!  Better luck next time FUD master buggrock.

[cryptocoinlog]

I think many people may have misunderstood the notice issued by the Chinese authority. It is meant to manage the high risks associated with Bitcoin trading - potential monetary loss and money laundering.

I have made a translation over at my site. Feel free to drop by my blog and read more: http://www.cryptocoinlog.com/cryptocurrency/peoples-bank-of-china-and-4-other-ministries-issued-a-risk-notice-on-bitcoin/

My view of Bitcoin is that it is a very powerful protocol, and at the current state, it is very much speculative.

[rocket888]

Banks are already out. Here is a better article altogether , http://www.reuters.com/article/2013/12/05/china-bitcoin-idUSL4N0JK1KZ20131205

[andygough1974]

The Chinese government supports bitcoin, you can use it in many state owned enterprises, you can even but phones with it from china telecom

[KryptoKit]

This is one of the most speculative suggestions I've seen on the entire site.

1. China is not the center of the world; Germany has fully adopted it.

2. It was imposed on banks, the country isn't all banks.

3. China is putting out more BTC infrastructure every day than most other countries in the world.

4. China is leading miner in the space - that along will float the price on a speculative basis.

5. This article is part of a new wave or early adopters which don't even know that btc isn't fully anonymous; t's regulation-inspired propaganda.

It's the beginning of the end alright: for spot-market speculators. They're the ones who are (i) going to get burned by price fluctuation, and (ii) get eaten when they've flipped the currency without paying taxes before the proper regulation has been put in place.

[BitCoinDream]

But the people here saying just opposite to what u said !!!

http://www.reddit.com/r/Bitcoin/comments/1s5eje/very_good_news_from_china_government_btc_is_a/

[ajax3592]

Warned you over a week ago

https://bitcointalk.org/index.php?topic=351691.0

Here is the ban link

http://www.zerohedge.com/news/2013-12-05/bitcoin-tumbles-after-china-central-bank-bans-financial-companies-using-digital-curr

With no China support. Today is the beginning of the end. I strongly recommend you sell your BTC and get out now before the bitcoins price collapse,  you will lose your money.

Once again. You are being warned!

Thanks for at least trying to get us all some cheaper coins.  Wish your FUD worked better.   I would like to buy some more at less than $0.40 mBTC/USD.  Keep trying!  You never know, maybe one day you will get it right.

Afraid OP is wrong  They just banned the banks nothing else 
Let's buy the media and spread some panic, what say BurtW 

[panck4beer]

Chinese central bank announcement is for Banks only if I understood the announcement well.

[durjoy]

Warned you over a week ago

https://bitcointalk.org/index.php?topic=351691.0

Here is the ban link

http://www.zerohedge.com/news/2013-12-05/bitcoin-tumbles-after-china-central-bank-bans-financial-companies-using-digital-curr

With no China support. Today is the beginning of the end. I strongly recommend you sell your BTC and get out now before the bitcoins price collapse,  you will lose your money.

Once again. You are being warned!

When I got up this morning I checked BTC price on Bitstamp and I was shocked to see per BTC price $849, That time I didn't know the reason of sudden drops in BTC price.
later on I saw news on Guardian news paper that Chinese Gov came hard on BTC.

Nice to see now BTC price jump again above $1000.

BTC won't die, it can't die.

[gettravel]

You need to do a little more research because your assertion is incorrect.