I hear that bitcoin will be unbanned after may 10 in China. Does that mean bitcoins price will go up? Should I buy now? Thanks guys.
Bitcoin has never been banned in China. Never.
It is not banned, nor it is allowed. Ambiguous bollocks.
Who says it isn't allowed? It's the PBOC putting pressure on banks to stop them dealing with bitcoin exchanges, but using bitcoins is perfectly fine in China.
Correct, however several (all? seen many in the news) banks have closed their accounts with China based exchanges. So, it just makes it a bit harder for Yuan fiat to be traded to/from BTC, but it's still possible I'm sure.