Get a grip. China is NOT 'banning' or 'rejecting' BTC, they're just making aware

[Kazimir]

Kinda sad how deliberately Bloomberg misinterprets the news from China, calling it a 'ban', and people shouting how China 'rejects' or even 'forbids' Bitcoin.

They're mostly just making people aware of the fact that it's not an official currency, and warning about the risk it bears when trading in it.

Here's an article that puts things in better perspective: http://www.techinasia.com/panic-chinas-regulation-bitcoin-leaves-room-optimism/

So get a grip, you panic-mongers

[Remember remember the 5th of November]

Kinda sad how deliberately Bloomberg misinterprets the news from China, calling it a 'ban', and people shouting how China 'rejects' or even 'forbids' Bitcoin.

They're mostly just making people aware of the fact that it's not an official currency, and warning about the risk it bears when trading in it.

Here's an article that puts things in better perspective: http://www.techinasia.com/panic-chinas-regulation-bitcoin-leaves-room-optimism/

So get a grip, you panic-mongers

Hmm, bearish?

[Bitbuy]

Indeed, thanks for this. Finally an article which offers a more nuanced opinion, instead of Doom&Gloom

[LiteCoinGuy]

nice piece. thanks.

[Kazimir]

Hmm, bearish?

Not quite

In the very beginning, when I just found out about Bitcoin, I was extremely sceptical. But after studying the concept in depth, it struck me how brilliant and ingeneous this thing is, and I've been a strong bitliever ever since. Both during ups and downs.

[yenom]

Kinda sad how deliberately Bloomberg misinterprets the news from China, calling it a 'ban', and people shouting how China 'rejects' or even 'forbids' Bitcoin.

They're mostly just making people aware of the fact that it's not an official currency, and warning about the risk it bears when trading in it.

Here's an article that puts things in better perspective: http://www.techinasia.com/panic-chinas-regulation-bitcoin-leaves-room-optimism/

So get a grip, you panic-mongers

Can you not see what they are doing? They want to buy and are well bid. How to buy cheap? I think you know now.

[LiteCoinGuy]

here is another report:

http://bitcoinmagazine.com/8744/china-releases-first-regulatory-report-on-bitcoin-businesses/

[niothor]

We don't need to get a grip.
I don't care about what China does! It will affect the price ? Maybe , Maybe not!

They won't affect the bitcoin model , and that is what matters!

[Lauda]

Ignorant press. Anyone who bans Bitcoin will make a huge mistake, in due time.

[Kazimir]

They won't affect the bitcoin model , and that is what matters!

Sure, but volatility (rising and crashing BTC/USD rates) will, unfortunately, affect global acceptance.

Obviously Bitcoin is here to stay either way, fully agree there.

[niothor]

They won't affect the bitcoin model , and that is what matters!

Sure, but volatility (rising and crashing BTC/USD rates) will, unfortunately, affect global acceptance.

Obviously Bitcoin is here to stay either way, fully agree there.

Affect the time of global acceptance. And , hell , I'm still young:).

[IsaacGoldbourne]

Its banned for use in sales, but not many of them were made in china anyway. You can still buy and sell bitcoin and the exchanges are still allowed. The panic sale will be over by tomorrow with any luck