Baidu no longer accepts bitcoin

[esse83]

http://jiasule.baidu.com/news/52a18454bf9efd290bfdcc69/

Seems they are out of the bitcoin game for now (and China Telecom is out aswell it seems).

[wobber]

Very interesting. This will have negative implications on the bitcoin ecosystem BUT, rest assured, the weak ones are being shaken.

For the rest of us, $1 BTC is fine. Or even litecoin, but I don't see it gaining that much traction to be recognized and accepted.

[esse83]

Also this from reddit..

http://www.reddit.com/r/Bitcoin/comments/1s8fc7/why_we_chinese_cant_pay_via_bitcoin/

[Mirsad]

Very interesting. This will have negative implications on the bitcoin ecosystem BUT, rest assured, the weak ones are being shaken.

For the rest of us, $1 BTC is fine. Or even litecoin, but I don't see it gaining that much traction to be recognized and accepted.

1$ BTC is only good for the ones who paid less.
All others paid the top of the pyramide and lose money.

And I think you bought over 500$. That's a factor 500!

[wobber]

Wrong! didn't bought.

And you keep thinking of speculation, while I was talking about payment methods and all

[thecomputerscientist]

Very interesting. This will have negative implications on the bitcoin ecosystem BUT, rest assured, the weak ones are being shaken.

For the rest of us, $1 BTC is fine. Or even litecoin, but I don't see it gaining that much traction to be recognized and accepted.

Well, but we have extremely positive news from Wall Street, so it will balance out quite nicely.

[Coinseeker]

This is very telling on the true nature of the news yesterday. I get people trying to downplay it but this could get real ugly.  Locking in profits may not be a bad idea.  Just saying.

[lucas.sev]

Current price level seems very feeble but I suppose this does not have the power of a bloomberg tweet.

[accord01]

Very interesting. This will have negative implications on the bitcoin ecosystem BUT, rest assured, the weak ones are being shaken.

For the rest of us, $1 BTC is fine. Or even litecoin, but I don't see it gaining that much traction to be recognized and accepted.

Well, but we have extremely positive news from Wall Street, so it will balance out quite nicely.

Problem with wall street is that they love bubbles, and love to gamble, so of course they're going to love bitcoin.

[GriTBitS]

Just when bitcoin was about to hit the atmosphere on the way to Da moon, china hacked the navigation system in the thing and now it can't find  moon

[wobber]

Just when bitcoin was about to hit the atmosphere on the way to Da moon, china hacked the navigation system in the thing and now it can't find  moon

You will see that bitcoin is tough, is the tank of economy. It will survive. Actually, I'd be very surprised if we will enter a bear market from now.

[SuperHakka]

Just when bitcoin was about to hit the atmosphere on the way to Da moon, china hacked the navigation system in the thing and now it can't find  moon

You will see that bitcoin is tough, is the tank of economy. It will survive. Actually, I'd be very surprised if we will enter a bear market from now.

you saying from now on until the end of time, btc will never enter a bear market again?? i order some of what you're taking bud

[thecomputerscientist]

Just when bitcoin was about to hit the atmosphere on the way to Da moon, china hacked the navigation system in the thing and now it can't find  moon

You will see that bitcoin is tough, is the tank of economy. It will survive. Actually, I'd be very surprised if we will enter a bear market from now.

Agreed. Let's balance the negative news from PBoC with this:

http://www.businessinsider.com/david-woo-on-bitcoin-2013-12

and this:

http://www.coindesk.com/zipzap-offer-cash-bitcoin-service-28000-uk-locations/

and this:

http://www.coindesk.com/bitcoin-price-reach-98500-say-wall-street-analysts/

[lucas.sev]

Just when bitcoin was about to hit the atmosphere on the way to Da moon, china hacked the navigation system in the thing and now it can't find  moon

You will see that bitcoin is tough, is the tank of economy. It will survive. Actually, I'd be very surprised if we will enter a bear market from now.

Agreed. Let's balance the negative news from PBoC with this:

http://www.businessinsider.com/david-woo-on-bitcoin-2013-12

and this:

http://www.coindesk.com/zipzap-offer-cash-bitcoin-service-28000-uk-locations/

and this:

http://www.coindesk.com/bitcoin-price-reach-98500-say-wall-street-analysts/

Two of those is some guys expressing their opinion while zipzap is a news thats recurring since June. Counter that with the cold reality of Bitcoin being banned for transactions in China.

[thecomputerscientist]

Just when bitcoin was about to hit the atmosphere on the way to Da moon, china hacked the navigation system in the thing and now it can't find  moon

You will see that bitcoin is tough, is the tank of economy. It will survive. Actually, I'd be very surprised if we will enter a bear market from now.

Agreed. Let's balance the negative news from PBoC with this:

http://www.businessinsider.com/david-woo-on-bitcoin-2013-12

and this:

http://www.coindesk.com/zipzap-offer-cash-bitcoin-service-28000-uk-locations/

and this:

http://www.coindesk.com/bitcoin-price-reach-98500-say-wall-street-analysts/

Two of those is some guys expressing their opinion while zipzap is a news thats recurring since June. Counter that with the cold reality of Bitcoin being banned for transactions in China.

So David Woo is "some guy"? Are you serious? I think it is not to far away when Wall Street will pump money into the Bitcoin exchanges; it will balance the negative impact from PBoC.

[lucas.sev]

Just when bitcoin was about to hit the atmosphere on the way to Da moon, china hacked the navigation system in the thing and now it can't find  moon

You will see that bitcoin is tough, is the tank of economy. It will survive. Actually, I'd be very surprised if we will enter a bear market from now.

Agreed. Let's balance the negative news from PBoC with this:

http://www.businessinsider.com/david-woo-on-bitcoin-2013-12

and this:

http://www.coindesk.com/zipzap-offer-cash-bitcoin-service-28000-uk-locations/

and this:

http://www.coindesk.com/bitcoin-price-reach-98500-say-wall-street-analysts/

Two of those is some guys expressing their opinion while zipzap is a news thats recurring since June. Counter that with the cold reality of Bitcoin being banned for transactions in China.

So David Woo is "some guy"? Are you serious? I think it is not to far away when Wall Street will pump money into the Bitcoin exchanges; it will balance the negative impact from PBoC.

I'm just contrasting opinions on whats 'going to' happen to stuff that HAS happened.

[thecomputerscientist]

Just when bitcoin was about to hit the atmosphere on the way to Da moon, china hacked the navigation system in the thing and now it can't find  moon

You will see that bitcoin is tough, is the tank of economy. It will survive. Actually, I'd be very surprised if we will enter a bear market from now.

Agreed. Let's balance the negative news from PBoC with this:

http://www.businessinsider.com/david-woo-on-bitcoin-2013-12

and this:

http://www.coindesk.com/zipzap-offer-cash-bitcoin-service-28000-uk-locations/

and this:

http://www.coindesk.com/bitcoin-price-reach-98500-say-wall-street-analysts/

Two of those is some guys expressing their opinion while zipzap is a news thats recurring since June. Counter that with the cold reality of Bitcoin being banned for transactions in China.

So David Woo is "some guy"? Are you serious? I think it is not to far away when Wall Street will pump money into the Bitcoin exchanges; it will balance the negative impact from PBoC.

I'm just contrasting opinions on whats 'going to' happen to stuff that HAS happened.

So am I. When David Woo talks (happened after PBoC event) Wall Street listens, and they'll get into the game. Meanwhile, more and more merchants are accepting Bitcoin (but not in China of course). The game has shifted from Asia to West. The space race continues.

[niothor]

Well , Baidu as a company never accepted bitcoins.
And I doubt they even had any customers seeing the transactions on that address.

[Sitarow]

Very interesting. This will have negative implications on the bitcoin ecosystem BUT, rest assured, the weak ones are being shaken.

For the rest of us, $1 BTC is fine. Or even litecoin, but I don't see it gaining that much traction to be recognized and accepted.

For now it seems china considers Bitcoin to be a commodity due to the deflationary nature vs fiat.

[drdejanm]

The fact is that bitcoin can't be destroyed or stopped, so if everythineg continue to go bad for bitcoin in 20 years someone will ask: "we have bitcoins for 20 years and it is still not regulated, let regulate that thing"!. So, bitcoin willl succeed, the question is "when"?