China Ban is a NOW a bullish Signal

[YipYip]

The china ban has now morphed into a bullish signal

the reason being that now that you cant cash out there will be a premium paid to get hold of the hard currency BITCOIN

Moving forward the tighter the controls the more they will be worth in china

its the same in india that you get ~ 10-15% above spot

So bring on teh FUD 

[tins]

I think any new news coming out of China is now meaningless to btc price swings.
The only major story I would expect to move the charts would be if China announces they are dropping the yuan for bitcoin as the national currency. 

[YipYip]

I think any new news coming out of China is now meaningless to btc price swings.
The only major story I would expect to move the charts would be if China announces they are dropping the yuan for bitcoin as the national currency. 

Aghreed ..people have now calmed down to teh fear factor and will have a frame of mind to think of the implications

this will bring them to the realization to BUY

[UnDerDoG81]

Weak hands get shaked out on the first "ban", and some stronger but still weak hands shaked out on second "ban"... Now the rest of the weak hands do not impact the price on the third "ban" and the fourth and so on...

And what I have learned from BTC, everything on BTC works just twice. Then things change or whales change their tactics...

[cbeast]

And what I have learned from BTC, everything on BTC works just twice. Then things change or whales change their tactics...

Really they only work once after discovering them. Then the Borg adapt.

[pinksheep]

Weak hands get shaked out on the first "ban", and some stronger but still weak hands shaked out on second "ban"... Now the rest of the weak hands do not impact the price on the third "ban" and the fourth and so on...

And what I have learned from BTC, everything on BTC works just twice. Then things change or whales change their tactics...

Well, I'm definitely a very strong hand then 

[pa]

I think China's wariness of Bitcoin is bullish in the sense that it means that one of the most powerful countries in the world is worried about this open source software project. They see its potential appeal.

[chessnut]

I think China's wariness of Bitcoin is bullish in the sense that it means that one of the most powerful countries in the world is worried about this open source software project. They see its potential appeal.

I think it is also bullish that they have not banned it outright. (they say they cant, but they can 'ban' it just like a drug) if they understood the threat it is to them from the beginning they would not have wasted any time. It also seems that insiders are front running the news - they may have invested interest (very bullish)
with plans to open exchanges in the USA, I think the PBOC will change their policy, having said to follow their lead.

[Torque]

Deacon Frost:
"I'll tell you what Bitcoin is, sister! It's the top of the f'n food chain. The Bitcoin blood god's coming and after tonight, your other forms of currency are f'n history. He's a hurricane. An act of God. Anyone caught in his path will instantly be turned. Every other currency you've ever known... every other currency you've ever f'n loved... it won't matter who's pureblood crypto and who's not. How you gonna cure the whole f'n world? Hm? And Bitcoin's protocol is the key. "
 

[Carlton Banks]

Some interesting commentary from an unrelated topic on the Securities sub-board:

https://bitcointalk.org/index.php?topic=99497.msg6465166#msg6465166

Submitted Questions:
snip

7) After recent crackdowns on BTC exchanges in China, is AM still unaffected and are there strategies to continue operations in case of problems?
re 7) There are no crackdown on BTC exchanges. What the central bank did was to secretly prevent banks from keeping their company bank accounts without placing any public bans. It reflects the fact that the gov has still been pretending that they are neutral to Bitcoin.

This was written by a representative of the ASICminer company. Make of it what you will/can (as it's not entirely unambiguous)

[MatTheCat]

The china ban has now morphed into a bullish signal

Yes! This information is 100% confirmed!

 

[Markos]

[cbeast]

I agree with the OP as far as long bullishness. The smell of fear from China even cuts through their smog filled skies. Apparently bulls have a better sense of smell than bears.

[Malin Keshar]

China bans are lowering less and less the market.  Soon will have no effect and the chinas will have to create another instant dropper of price

[Omikifuse]

China is buying bitcoin as much as they can and announce unban of bitcoin... 10x price overnight.

[pinksheep]

China is buying bitcoin as much as they can and announce unban of bitcoin... 10x price overnight.

Who exactly is buying in China, can the average person still buy?

[Mythul]

I think any new news coming out of China is now meaningless to btc price swings.
The only major story I would expect to move the charts would be if China announces they are dropping the yuan for bitcoin as the national currency. 

Aghreed ..people have now calmed down to teh fear factor and will have a frame of mind to think of the implications

this will bring them to the realization to BUY

This is so true ! I panic sold in December when I was a n00b, only to see it rise and regret it deeply. Then I almost panic sold again on the 2nd ban but somehow managed to wait and move on.

Now on the 3rd and 4th ban....I just don't care anymore really.

[smoothie]

Always was...

The fact they addressed Bitcoin is bullish.

[Carra23]

Of course the ban was bullish news

[counter]

I like what the ban has done I'm very happy with the price at the moment and if went up I'd still be happy because it feels low to me.