[FUD] Russia, China & Apple ban Bitcoins. Gox closing. Is this the end?

[daserpent1]

For the people that are not aware yet,

Russia banned bitcoins :: http://rt.com/business/bitcoin-russia-use-ban-942/

China banned bitcoins :: http://www.bloomberg.com/news/2013-12-05/china-s-pboc-bans-financial-companies-from-bitcoin-transactions.html

Apple removes all BTC apps :: http://www.telegraph.co.uk/technology/apple/10621175/Apple-bans-final-bitcoin-wallet-from-App-Store.html

Indonesia Bans bitcoins :: http://www.thejakartaglobe.com/business/bitcoins-neither-currency-nor-legal-paymen-tools-in-indonesia-central-bank/

India shuts down all BTC exchanges :: http://www.thehindu.com/business/Industry/bitcoin-exchanges-shut-shop-in-india/article5504407.ece

Thailand bans bitcoins :: http://www.cnbc.com/id/100923551

USA in final stages of banning bitcoins :: http://www.zerohedge.com/news/2013-05-15/us-government-begins-bitcoin-crackdown

France issued warning against bitcoins :: http://www.reuters.com/article/2013/12/05/us-france-bitcoin-idUSBRE9B40IF20131205

Korea rejected bitcoin legalising bill :: http://thenextweb.com/asia/2013/12/10/korea-becomes-the-latest-asian-country-to-reject-bitcoin-as-a-legitimate-currency/

Alibaba withdraws BTC support :: http://www.bloomberg.com/news/2014-01-08/bitcoin-banned-by-alibaba-s-taobao-after-china-tightens-rules.html

Mtgox scams $38 million from users :: http://falkvinge.net/2014/02/04/major-bitcoin-exchange-not-executing-withdrawals-now-owes-clients-38m-in-disappeared-money/

Mtgox OFFICIALLY stops all withdrawals :: https://www.mtgox.com/press_release_20140207.html

And the mining difficulty is going up every hour... making it almost IMPOSSIBLE TO MAKE PROFIT by mining.

Is this where it all ends? Is this where all hope dies? Does the bitcoin "bubble" burst now?

[Kroenen]

Russia didn't ban it only warned against it.

The damn IRS accepts bitcoin so that link from months ago about the US was complete crap.

Huobi has a huge market and the Chinese are still driving the price.

Apple likes control so who is really shocked there.

Gox has been in the shitter for a while, so this is nothing new either.

India is far to overpopulated and unregulated for anything to hold as gospel in that country.


So just another typical day in the crypto world SNAFU

[drwoo]

Russia didn't ban it only warned against it.

The damn IRS accepts bitcoin so that link from months ago about the US was complete crap.

Huboi has a huge market and the Chinese are still driving the price.

Apple likes control so who is really shocked there.

Gox has been in the shitter for a while, so this is nothing new either.

India is far to overpopulated and unregulated for anything to hold as gospel in that country.


So just another typical day in the crypto world SNAFU

Nope they banned it. Can't use or accept bitcoins in Russia.

[daserpent1]

Russia didn't ban it only warned against it.

The damn IRS accepts bitcoin so that link from months ago about the US was complete crap.

Huboi has a huge market and the Chinese are still driving the price.

Apple likes control so who is really shocked there.

Gox has been in the shitter for a while, so this is nothing new either.

India is far to overpopulated and unregulated for anything to hold as gospel in that country.


So just another typical day in the crypto world SNAFU

All the links have been provided for further information mate. This is NOT LOOKING GOOD.

Don't try to spark new hope in peoples' minds. When it is BAD, say it is BAD.

[teiva]

Just another troll trying to create panic.
Just hold ...

[r32godzilla]

Lol a few of those links are a little old. No need to do a chicken little.  Probably just the usual panic merchant drop after some negative press before another push back up to $1000 again. Man I'm glad I don't trade on Gox anymore, so dodgy the way they hold up withdrawals and deposits to suit themselves without any regard for the customer.

Go DGC!

[greenlion]

And the mining difficulty is going up every hour... making it almost IMPOSSIBLE TO MAKE PROFIT by mining.

Difficulty re-targets every 2016 blocks, not "every hour".

In fact additional hash power added onto the network at a certain difficulty actually increases your revenue per unit time, up until the next retarget, if you're pool mining, because the average number of blocks awarded per unit time increases.

[desired_username]

much fud

[taaku]

in india the bit coin exchanges have opened again..i can verify...the link you have is true but its old...

[BitBits]

We probably need to just start from scratch. Go back to some double digits and go from there.
Things indeed do not look good for Bitcoin altogether at all.
To tell you the truth, seeing all this happening and getting some "soberness" of the reality, all those Reddit posts about this and that starting accepting Bitcoins, are beginning to be kind of annoying. As if these people are just restlessly trying to pump rapidly deflating, previously overblown balloon.

[rext]

For the first time i see BTC-E has a higher exchange rate than mt gox now lol

[jubalix]

FUD and yes dump sell all your coins now at cut fair price to me the market.

[studio1one]

And on the flip side.


Major retailers have started accepting bitcoin as a form of payment
Overstock Accept Bitcoin
Tigerdirect acceot bitcoin
Scan accept Bitcoin

Major app developer Zynga accept Bitcoin as payment
Malware Bytes one of worlds biggest anti Malware accept Bitcoin

University of Cumbria, major UK university now accepts Bitcoin as payment for course fees

Coinpunk already have workaround for Apple ban

Indonesia reverses its ban
http://www.coindesk.com/indonesia-central-bank-takes-new-more-neutral-stance-bitcoin/

You can buy bitcoin for cash at 28,000 yes 28,000 shops in UK
http://www.coindesk.com/can-now-pay-cash-bitcoin-28000-uk-stores/

500 Bitcoin ATM in rollout worldwide

Real time Bitcoin price tags now in stores
http://www.coindesk.com/bittag-real-time-bitcoin-pricing-retail/

Ebay opening Virtual currency catagory so you can sell and buy bitcoins
http://news.cnet.com/8301-1023_3-57617502-93/ebay-to-allow-bitcoin-sales-in-virtual-currency-category/


200,000 Hotels now accept Bitcoin as payment
http://www.coindesk.com/200000-hotels-accept-bitcoin-cheapair/




To be honest, the positive news and rollout of Bitcoin recently far far outweighs the negative. The speed it is moving into real world uses is insane. It wasn't long ago that someone bought a Tesla for bitcoin andeveryone thought it was amazing. Now it would just be a shrug, no one would be surprised.

[Come-from-Beyond]

[unvoid]

For the people that are not aware yet,

Russia banned bitcoins :: http://rt.com/business/bitcoin-russia-use-ban-942/

China banned bitcoins :: http://www.bloomberg.com/news/2013-12-05/china-s-pboc-bans-financial-companies-from-bitcoin-transactions.html

Apple removes all BTC apps :: http://www.telegraph.co.uk/technology/apple/10621175/Apple-bans-final-bitcoin-wallet-from-App-Store.html

Indonesia Bans bitcoins :: http://www.thejakartaglobe.com/business/bitcoins-neither-currency-nor-legal-paymen-tools-in-indonesia-central-bank/

India shuts down all BTC exchanges :: http://www.thehindu.com/business/Industry/bitcoin-exchanges-shut-shop-in-india/article5504407.ece

Thailand bans bitcoins :: http://www.cnbc.com/id/100923551

USA in final stages of banning bitcoins :: http://www.zerohedge.com/news/2013-05-15/us-government-begins-bitcoin-crackdown

France issued warning against bitcoins :: http://www.reuters.com/article/2013/12/05/us-france-bitcoin-idUSBRE9B40IF20131205

Korea rejected bitcoin legalising bill :: http://thenextweb.com/asia/2013/12/10/korea-becomes-the-latest-asian-country-to-reject-bitcoin-as-a-legitimate-currency/

Alibaba withdraws BTC support :: http://www.bloomberg.com/news/2014-01-08/bitcoin-banned-by-alibaba-s-taobao-after-china-tightens-rules.html

Mtgox scams $38 million from users :: http://falkvinge.net/2014/02/04/major-bitcoin-exchange-not-executing-withdrawals-now-owes-clients-38m-in-disappeared-money/

Mtgox OFFICIALLY stops all withdrawals :: https://www.mtgox.com/press_release_20140207.html

And the mining difficulty is going up every hour... making it almost IMPOSSIBLE TO MAKE PROFIT by mining.

Is this where it all ends? Is this where all hope dies? Does the bitcoin "bubble" burst now?

Typical troll panic instigator. He spam btc-e trollbox with link to this thread with messages like:

"There will be a huge selloff soon.. sell now while the price is ~$700.. chinese and big investors ARE going to sell their coins.. read this if you dont believe me https://bitcointalk.org/index.php?topic=453230.0"

[Kroenen]

Considering the USPS is looking into accepting bitcoin, nearly 20 senators accept it for campaign contributions, and the links are to moths old articles, anything posted lost credibility at the start.

This entire system of monetary exchange is new, and volatile, it will work its way out, or a new breed will replace it. By all means, drive the prices down, makes it much easier to buy in.

typical fud, move along.

[fendlestick]

Good time to spend your coins! See sig, wink wink.

[ljudotina]

Russia, China and Apple...ahahahahahahaha.

[MakeBelieve]

Very bad as China was one driving the price now that all of this happen we are going to see Bitcoin reach it's end and many people will lose out on thousands.

[drippx]

Old links that made gains after the negative press, will make gains after this neg press as well. Stop causing panic or trolling