Still the effect of real news is not bigger than the January fall to $800 and lower that happened for no concrete reason, at least until now
I guess the chinese are getting less power in the price, what their next move will be?
I guess the chinese are getting less power in the price, what their next move will be?
Next step would obv be to close a small exchange. Then, after several smaller ones, proceed with the bigger ones.
Then go after the miners. Then go after every retailer that accepts BTC.
One exchange thinks the PBOC has a hidden agenda. Maybe it's panicking because the yuan keeps crashing while Bitcoin keeps rising.
http://www.coindesk.com/chinas-central-bank-issues-new-warnings-bitcoin-exchanges/#
Quote
Others have hinted that the PBOC may have other motives for the announcement.
"Somehow, they perceive the high price and the rising price as a threat," said one exchange executive speaking under condition of anonymity.
"Somehow, they perceive the high price and the rising price as a threat," said one exchange executive speaking under condition of anonymity.
Very deductive reasoning there cartman!
Are you sure your not batman. We need his detective skills to figure this one out why it keeps falling faster now.
