What does the China Bitcoin ban mean?

[Bitcoin-hotep]

I found some good articles and YouTube videos with this search
https://www.google.com/search?newwindow=1&site=&source=hp&q=what+does+the+china+bitcoin+ban+mean&oq=what+does+the+china+bitcoin+ban+mean&gs_l=hp.3...1888.7941.0.8300.38.16.1.0.0.0.1014.3244.9j2j1j5-1j1j1.15.0....0...1c.1.32.hp..31.7.1045.Bwclj-0O3s4

[naphto]

It means that the prices should decrease now

[ajax3592]

The just banned the banks to not accept Bitcoin as currency, nothing else.  

[PenAndPaper]

It means that memes will flood reddit's first page  
Actually it isn't even a ban. Bank of china ruled that bitcoins can be used as a commodity but not as a currency.

[Bitcoin-hotep]

It means that the prices should decrease now

I heard we should expect a rise because everyone will want to buy them when they are cheap. They will say "Well, at least I can afford them now".

And I think there will be tons of kids that want them for Christmas, or want money to get one.

[Ymal54]

And I think there will be tons of kids that want them for Christmas, or want money to get one.

Not sure if it is the best christmas gift, lol

[naphto]

Who wants 0.01 btc as a chritsmas gift?

[Bitcoin-hotep]

And has anyone considered the whales and mini-whales? There are people that had like NO money to their name like 2 years ago and have been wait for Bitcoin to hit 1000 to sell the ones they have been mining all this time. Plus I bet tons of altcoiners sold out.

I think we are going to see lots of people bringing their money back, as well as starting new shops and exchanges like wild.

And why wouldn't it makes a good Christmas gift? It goes up in value and can be used on gyft.com to buy almost anything via amazon.

[otsaku]

Who wants 0.01 btc as a chritsmas gift?

Mr. Moneybags!

I'm giving my kids 0.000001 Btc for christmas - no need to go mad.

[Bitcoin-hotep]

Who wants 0.01 btc as a chritsmas gift?

Mr. Moneybags!

I'm giving my kids 0.000001 Btc for christmas - no need to go mad.

I think giving your kids a bunch of the very cheapest Altcoin is the best gift idea.

[honky1492]

Who wants 0.01 btc as a chritsmas gift?

I think Cassascius 0.5 BTC coin is affordable as a chritsmas gift

[niothor]

I found some good articles and YouTube videos with this search
https://www.google.com/search?newwindow=1&site=&source=hp&q=what+does+the+china+bitcoin+ban+mean&oq=what+does+the+china+bitcoin+ban+mean&gs_l=hp.3...1888.7941.0.8300.38.16.1.0.0.0.1014.3244.9j2j1j5-1j1j1.15.0....0...1c.1.32.hp..31.7.1045.Bwclj-0O3s4

To answer the thread question.
Nobody know for sure.And if there people who understand what the government intended to do , they don't have a clue of the impact.

[Bitcoin-hotep]

I found some good articles and YouTube videos with this search
https://www.google.com/search?newwindow=1&site=&source=hp&q=what+does+the+china+bitcoin+ban+mean&oq=what+does+the+china+bitcoin+ban+mean&gs_l=hp.3...1888.7941.0.8300.38.16.1.0.0.0.1014.3244.9j2j1j5-1j1j1.15.0....0...1c.1.32.hp..31.7.1045.Bwclj-0O3s4

To answer the thread question.
Nobody know for sure.And if there people who understand what the government intended to do , they don't have a clue of the impact.

So are you saying you think that no one in the world could possibly guess what is about to happen next?

[niothor]

I found some good articles and YouTube videos with this search
https://www.google.com/search?newwindow=1&site=&source=hp&q=what+does+the+china+bitcoin+ban+mean&oq=what+does+the+china+bitcoin+ban+mean&gs_l=hp.3...1888.7941.0.8300.38.16.1.0.0.0.1014.3244.9j2j1j5-1j1j1.15.0....0...1c.1.32.hp..31.7.1045.Bwclj-0O3s4

To answer the thread question.
Nobody know for sure.And if there people who understand what the government intended to do , they don't have a clue of the impact.

So are you saying you think that no one in the world could possibly guess what is about to happen next?

Of course somebody can guess , but you'll have to guess who is that one

[Bitcoin-hotep]

I think China was just mad that they didn't get coins before their people did, so now they paid someone to drop the price so they can buy a bunch.

[MicroGuy]

I think giving your kids a bunch of the very cheapest Altcoin is the best gift idea.

Yes! And I'd recommend going heavy on Goldcoin!  

In Satoshi's last and final post before abandoning Bitcoin and running off with well over 1 million Bitcoins, he said "there are still more ways to attack us than I can count". Bye, LOL.

https://bitcointalk.org/index.php?action=profile;u=3;sa=showPosts;start=0

Well our development team has been working feverishly to solve the riddle that drove Satoshi underground. This announcement was just made privately on our forum a few hours ago: https://www.gldtalk.org/index.php?topic=1748.0

Come check out Goldcoin and discover the new Gold Standard of the Crypto Universe.      



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[TiagoTiago]

There is no "China Bitcoin ban", they just said it was a commodity and not fiat.

[Bettison]

There is no "China Bitcoin ban", they just said it was a commodity and not fiat.

But, people just keep saying "OMG, there is a very bad news", and then people panic-sell.

[TiagoTiago]

But, people just keep saying "OMG, there is a very bad news", and then people panic-sell.

That is pretty much exactly what has been happening, people saying it is bad without reason, and then people panicking when hearing that.

[Itun]

This means that the demand for btc gets lowered (especially in the Chinese market).

Because China was the main force that started this bubble, it was able to bring it down.