Poor information from China: Value gives
Tuesday the rate crashed in the earlier night. The cause was in media from China, which are neither to become confirmed nor to remain refuted at the present time. Yet, we want to connect what has been pressed to the consumer but significantly.
After China now on 5. December Financial Company has banned to do business with cryptocurrencies and have heavily restricted its lawful rank as a means of repayment, today more worrying information from the Women’s Republic. According to the presentations that have not yet been confirmed and analyzed by the common newspaper” Coindesk”, the People’s Bank of China, document. electronic. the Foreign northern lender, invited members of many transaction services companies and informed them that it was banned for” third-party transaction company companies” to do business with Bitcoin markets. For the time being. According to further rumors, the Chinese Bitcoin exchanges must be with the beginning of the new Chinese year on 31. Close January. However, this message is more blurred.
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The message led to an instant crash yesterday by around 100 euros. What really happened and will happen is currently not to be said. There is no official document yet, and the translations of previous statements are not certified.
However, according to another Coindesk article that is based on Chinese sources, as well as a screenshot on Btcchina three days ago and today that many payment providers-including banks-have withdrawn from cooperation with the stock exchange today, and no longer offer a transfer to Bitchina.
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These messages are certainly not good. However, it is still too early to draw final conclusions. If banks still have the option of carrying out transfers on stock exchanges, not much would ultimately change; Bitcoins would have a similar status as no precious metals in China.
Listen to your feeling and by no means on what the panic whispers to you. Think about the risks you are taking and whether you want to and can carry them.
