2013-12-17 Bitcoin Tumbles After PBOC Rumors Confirmed

[Steveia]

So this has been confirmed?

http://www.zerohedge.com/news/2013-12-16/bitcoin-banged-bear-market-again-precious-metals-rise

[KeyserSozeMC]

No, it hasn't been confirmed.

[viajero]

No, it hasn't been confirmed.

A lot of magazines refer to China bussines News but i can't find anything on their webpage?

[KeyserSozeMC]

No, it hasn't been confirmed.

A lot of magazines refer to China bussines News but i can't find anything on their webpage?

It's a tactic to spread mass fear to sheep. When people panic sell they know on what minimum they can buy.
Hold, don't sell.

[e521]

nothing as been confirmed as yet.
that's how press work nowadays..

[BurtW]

Yet another steaming pile of "jounalism"

[bryant.coleman]

BTC is trading at sub-700 levels in Mt Gox. Trust me, this might be a lifetime opportunity to purchase the BTCs.

I have asked an ethnic Chinese friend of mine about this. He has informed me that there is nothing special on it in the Chinese language media. 

[kjlimo]

BTC is trading at sub-700 levels in Mt Gox. Trust me, this might be a lifetime opportunity to purchase the BTCs.

I have asked an ethnic Chinese friend of mine about this. He has informed me that there is nothing special on it in the Chinese language media. 

heh, for every tit, there's a tat.

[ajax3592]

Suppose someone who owned large numbers of bitcoins borrowed a bunch of money and then simply started selling bitcoins to himself in hopes of stoking public interest in bitcoins and thereby increasing the value of his holdings? Price would be no object for someone buying his own holdings. Regular large purchases of roughly the same size seems very suspicious to me.