This is what really happened to Bitcoin in China

[pabloangello]

Long text but read carefully. Soon we can have big comeback.

http://bitcoinmagazine.com/8778/bitcoin-chinas-new-special-economic-zone/

So good opportunity during panic sell.

[AZIZ1977]

Long text but read carefully. Soon we can have big comeback.

http://bitcoinmagazine.com/8778/bitcoin-chinas-new-special-economic-zone/

So good opportunity during panic sell.

I bought some cheap BTC during this panic.

[CMMPro]

Good article...it sums up my thoughts about this correction quite nicely.

[maurya78]

This is great, thanks for sharing!

[pand70]

Good article...it sums up my thoughts about this correction quite nicely.

If you actually read it you may even understand that it wasn't a correction but a crash just like the author of the article states for like 100 times.
In any case i like his approach although i think he is making a long guess here about the sez.

[roselee]

Good article...it sums up my thoughts about this correction quite nicely.

If you actually read it you may even understand that it wasn't a correction but a crash just like the author of the article states for like 100 times.
In any case i like his approach although i think he is making a long guess here about the sez.

sorry but its not a crash even if he said it a 100 times
if you look at the charts
the one in april
there were 20% of the existing bitcoins put in the market for sale
and what happened ? all we saw was a dip back and a slow recovery and slow means in bitcoin times not in stock times
this time with all the bad news
only a 2% of the existing bits went into for sale

that was just a corection nothing more

[Sharky444]

The article is a great summary of what happened with BTC in the last days.

[NUFCrichard]

Nice article.  I still think it might just be the excuse the market was looking for to make a correction, but I guess we will find out soon enough.

[sana8410]

 I think all Chinese bitcoin owners are trying to sell all they have and get their money out of the platform, if they don't have a foreign bank account. As far as I know, very few Chinese people have foreign accounts

[sana8410]

BTC cannot be used to pay for goods and services in China, Transferring a BTC from China to another country has zero effect on the Chinese economy.