PBOC made it clear it wants btc below 3000CNY (480usd)

[bitcool]

for whatever strange reason, it thinks that's the red line.

I can't figure out which one is funnier if this happens by the end of this year:
  1 btc= 479 usd, or
  1 btc= 4800 usd.

[bryant.coleman]

Do you have any source for this argument? And PBOC can't control the BTC exchange rates. Less than 5% of the Bitcoin trades occur in China and the Chinese are no longer in control of the trade.

[beetcoin]

if the PBOC continues trying to manipulate shit, it will be more and more factored into the BTC price.. cant cry wolf every time.

[mikewirth]

if the PBOC continues trying to manipulate shit, it will be more and more factored into the BTC price.. cant cry wolf every time.

it is said that the news 'is priced in'.  everyone already takes it into account that chine is neurotic

[andrewhaas]

China has been playing with the price of BTC for a few months now. We need a reliable, stable American bitcoin exchange to replace mt.gox

[hashman]

Less than 5% of the Bitcoin trades occur in China.

 What leads you to that conclusion?  Volume numbers published by exchanges say otherwise. 

[Abdussamad]

if the PBOC continues trying to manipulate shit, it will be more and more factored into the BTC price.. cant cry wolf every time.

Sure you can. People have been crying wolf about bitcoin for at least a year.

[bitcool]

Do you have any source for this argument? And PBOC can't control the BTC exchange rates. Less than 5% of the Bitcoin trades occur in China and the Chinese are no longer in control of the trade.

https://bitcointalk.org/index.php?topic=583607.0

Part of the translation:

Central Bank sources said that this meeting is mainly for the sharp rebound of Bitcoin prices after April 15  , the account cleanup process didn't reach its intended goal and it's an embarrassment to the bank.

Central Bank in March issued "notice on further preventing the risk of bitcoin" , stressed  banks and third-party payment institutions may not serve Bitcoin transactions,  existing accounts must be dealt with before April 15 deadline. However , on April 15 , the majority of Bitcoin trading platforms were still functioning , Bitcoin prices also soared from 2,500 yuan to 3,000 yuan.

[RodeoX]

So the source is another thread in these forums? That means the source is "a guy on the internet".
I don't know what the PBOC really thinks or wants, but I know they have no chance at all at controlling the price of bitcoin. I read a lot of threads about who is taking over or controlling bitcoin. What I never see is how the hell it could be done. The best any entity could do is play spoliator. In that scenario they would buy up a billion dollars of BTC then sell it all for a few pennies each. That would drive prices down a lot. But for how long? and who is willing to lose the staggering amount of cash needed? What would they even have accomplished?

[bitcool]

So the source is another thread in these forums? That means the source is "a guy on the internet".
I don't know what the PBOC really thinks or wants, but I know they have no chance at all at controlling the price of bitcoin. I read a lot of threads about who is taking over or controlling bitcoin. What I never see is how the hell it could be done. The best any entity could do is play spoliator. In that scenario they would buy up a billion dollars of BTC then sell it all for a few pennies each. That would drive prices down a lot. But for how long? and who is willing to lose the staggering amount of cash needed? What would they even have accomplished?

Communicating thru "a guy on the internet" seems to be the way PBOC has adopted lately when it comes to bitcoin matters, unfortunately.

The March notice was also leaked by "a guy on the internet" first, but now it seems largely confirmed.

[voluntarist500]

they want to buy low.

i remind decembercrash was also because of china.
Just ignore them already.

[roslinpl]

for whatever strange reason, it thinks that's the red line.

I can't figure out which one is funnier if this happens by the end of this year:
  1 btc= 479 usd, or
  1 btc= 4800 usd.

I prefer $4800 but everything is possible.

In my opinion China maybe want something - it doesn't mean they will have it. Isn't?

[franky1]

will westerners please stop sheep following china.

their trading is fake...
.. dont beleive me? listen to th guys from BTCChina (time 13min to 17:30min)
http://youtu.be/2M12zzwNkCo?t=13m

then realise the news from december to april did not cause any physical impact.

and to clarify the media fud
skip to 30 minutes and 15 seconds of the same video.
bitcoin is not illegal
government is not banning users or businesses from sing bitcoin
but central banks will not DIRECTLY purchase or use bitcoins for the BANKS internal investment portfolio of services
they are allowed to however work with businesses so that businesses can send funds to customers

so can people stop basing their Western investments on Eastern FUD

[roslinpl]

will westerners please stop sheep following china.

their trading is fake...
.. dont beleive me? listen to th guys from BTCChina (time 13min to 17:30min)
http://youtu.be/2M12zzwNkCo?t=13m

then realise the news from december to april did not cause any physical impact.

and to clarify the media fud
skip to 30 minutes and 15 seconds of the same video.
bitcoin is not illegal
government is not banning users or businesses from sing bitcoin
but central banks will not DIRECTLY purchase or use bitcoins for the BANKS internal investment portfolio of services
they are allowed to however work with businesses so that businesses can send funds to customers

so can people stop basing their Western investments on Eastern FUD

Yes indeed people should start to think about their country markets and do not listen to rumors!

We are not a sheep we are homosapiens we should think! We should use our intelligence and intellect.