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zg7666

Breaking news - Bitcoin Is Tanking!!

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J-William    131

"Alleged" news from China on Weibo that Chinese banks are banned from funding BTCChina.

BTC China (the worlds's larget exchange) says they are temporarily suspending CNY deposits.

I needed about $200 in my US bank account and figured out that Bitcoin was the cheapest and easiest way to do that... and after I transferred the money the Chinese government realized the same thing.

 

I'm not sure I should feel smart, or not...

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The November rally didn't have significant volume behind it, December has been about profit taking from those latecomers.The important price action is around the $100-$250 price range, and that will probably be tested again if the $460 low doesn't attract more interest.

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zg7666    16

Yesterday, Jeff Berwick of the The Dollar Vigilante wrote: Rumor from quite reliable sources telling us that things are about to get very ugly at Mt. Gox. Stay Tuned. "Being told if you have a small amount or nothing on Mt Gox but have an account to just delete your account. If you have a large amount it is up to you."

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Wesley    439

Yes, I do not understand this either. Either the small amount will be gone or not or the empty account will be gone or not. I dont understand the problem.

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J-William    131

I think it's promising that the two largest bitcoin exchanges have experienced government problems. BTC China not being able to take deposits and Mt.Gox having the evil eye of Sauron turned their way...

 

and yet bitcoin is still going strong!  :woot:

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