Chinese banks suspend Bitcoin trade

[beetcoin]

at this point, who really cares anymore? this has been the narrative since, what, the beginning of the year? i don't give 2 shits about what china's government has to say anymore. decide whether you want it or whether you don't and just let it be.

it really seems like they are just trying to mess with the price, and over time what the chinese government does will have a more muted effect.

[Malin Keshar]

this time for real? Now bitcoin and the bank system are definitively cut off for the chinese?Or just another fake ban?

[serenitys]

So what was the market price before China started getting in heavy? Was it lower than where it is now in the 450s? Or higher?

Wouldn't it be relatively easy to see what effect China factually had on btc by the pre China price vs the current one and make a determination as to how much of the volatility or drop in particular was actually due to Chinese sell off, and then figure out the difference and where it likely is coming from?


Or is that doable?

I wasn't here then so I don't know...but reading through all this, if you removed the entire Chinese influence from the equation, and look at the thing minus that segment, what would the trend line actually look like? Is it tanking or higher than it was before China?

[endlesslove]

I think Chinese Banks suspend bitcoins trade will make bitcoin market become more healthy

[r34tr783tr78]

The price before the chinese entered in bitcoin in force was way lower than it is now.
It's controversial what was the price, since there was chinese exchanges before the jump in price.
Clearly, it was the chinese that breached the previous top of 10 april 2013: 266 usds at Gox and 251 at Bitstamp.
But I think it was the chinese that moved the price beyond about 150, after the dip to around 90 when Silk Road was busted.