China again ...This time they did not ban bitcoin !!!

[LordSonjai]

im not mad that bitcoin is crashing right now cause i know in another couple of years shit is going to skyrocket higher than we have ever seen it before. For it to go mainstream it would have to.

[RocketSingh]

im not mad that bitcoin is crashing right now cause i know in another couple of years shit is going to skyrocket higher than we have ever seen it before. For it to go mainstream it would have to.

Once again, FIAT price has nothing to do with bitcoin's success evaluation.

[exoton]

well by co exist do they mean china can use it for legitimate trades with merchants or do they mean they've bought enough now and want a quick pump before banning it again.

Why would the Chinese government manipulate the Bitcoin price?

They have better things to do than getting into something with a market cap of just 4.6 billion.

So you mean to tell me that governments have not been buying Bitcoins secretly at a low price? 

Probably not, especially not large governments like the Chinese government who spend trillions of dollars every year. Compare this to the market cap of bitcoin (~4.5 billion), and you will see that it would not make any sense for them to do this, as it would not have any meaningful impact on their overall financial picture

[Oscilson]

Do not get too excited. That is just a personal view of a former bank governor. 

[newIndia]

Do not get too excited. That is just a personal view of a former bank governor. 

Oops... how do u know ? R u from China ?

[tzortz]

Want it or not most countries will adobt BTC as a mean of payment.

All expected to be at +1k$ by the end of the year but this does not mean that it does not get massive recognition day by day.

We need a few years to have mainstream implementation.

[pawel7777]

Do not get too excited. That is just a personal view of a former bank governor. 

Oops... how do u know ? R u from China ?

Very beginning of the article you linked:

A former vice-governor of China's central bank, Wu Xiaoling, has said...

http://www.coindesk.com/chinese-official-bitcoin-can-co-exist-fiat-currencies/

But then again:

Wu, who is currently a member of National People's Congress Standing Committee and a vice-chairperson of the Financial and Economic Affairs Committee...

So he's not totally irrelevant

[picolo]

Want it or not most countries will adobt BTC as a mean of payment.

All expected to be at +1k$ by the end of the year but this does not mean that it does not get massive recognition day by day.

We need a few years to have mainstream implementation.

It's the dream. When you think about it, it feels likely Bitcoin will succeed.

[tzortz]

Most newcomers think that will get rich at once , when investing in Bitcoins.

We only need to (cold) store them and wait at least a couple of years to have some results.

I am not expecting for huge increase even then but I am sure it will have positive direction.