Perhaps this is or will be a buying opportunity for those that wanted to enter the market or add to their holdings?
Isn't bitcoin still in beta? What's going to happen once they power up? What could happen if the network can't handle it? Thoughts please.
Bloomberg reports: BTC China, the nation’s largest Bitcoin operator, stopped accepting customer deposits amid a central bank clampdown on use of the digital currency, sending prices plunging as much as 35 percent.
Chinese central bank officials told third-party payment service providers to stop offering clearing services to online Bitcoin exchanges, China Business News reported yesterday. The newspaper is affiliated with the Shanghai government,
Companies currently offering services must end them by the Chinese New Year, a weeklong holiday that begins on Jan. 31, the newspaper cited Zhou Jinhuang, deputy director of payment clearance at the People’s Bank of China, as saying at a meeting with more than 10 third-party payment service providers. http://www.bloomberg.com/news/2013-12-18/btc-china-says-it-c...
Does that mean that the plunge in bitcoin price won't end anytime soon?
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