Bitcoins

sabretoothtigger

You can buy bitcoins off me, off anyone. That is the point of its usability, check localbitcoins for similar offers with an escrow system

mmedia

Bitcoin down to £550. I may invest when if it hits below £500.

[Deleted User]

Really worth reading for anyone without a clear understanding of the protocol: http://www.michaelnielsen.org/ddi/how-the-bitcoin-protocol-actually-works/

BoracicLint

Bitcoin is in free fall this morning, Baidu (Chinese eBay) has suspended use of Bitcoins for purchasing following the governments warnings.

ruggedtoast

http://www.dailymail.co.uk/news/article-2519754/Bitcoin-freefall-Value-virtual-currency-dropping-China-questions-legal-status.html

The value of Bitcoins continued plunging today, dropping below $700 - down from just over $1,000 the day before - after the Chinese government questioned the legal status of the virtual currency.
A joint statement from several Chinese official bodies such as the People's Bank of China said Bitcoins are not a currency and cannot be used as a form of payment by any businesses or financial institutions.
This announcement sent the increasingly popular method of payment plummeting from a high of $1,216 to $870 on the MT.Gox Bitcoin exchange. The value of a single Bitcoin has briefly rallied, creeping back to around $1,045, before shedding more than $300 today.
Within about 10 minutes, the value of Bitcoin went from just over $700 down to $660 - and continued see-sawing throughout the night.

Jog on

Good. I hate bitcoin.

chucknorris

I was surprised when I followed your link at 7.23 am when you first posted because the article was dated 11 April, has bitcoin crashed (and recovered) before? I noted that you then edited and changed your link.

manhattan

Do you think the governments are feeling threatened by BTC?

Currently £423...

ruggedtoast

chucknorris wrote: »

I was surprised when I followed your link at 7.23 am when you first posted because the article was dated 11 April, has bitcoin crashed (and recovered) before? I noted that you then edited and changed your link.

I actually read it in the Daily Mail first then looked for the story repeated elsewhere so people wouldn't think I read the Daily Mail, but as you say; that was a previous bitcoin crash.

This one is almost definitely fresh, but being from the Mail, there is probably only a 50% chance it is true.

vivatifosi

I don't know if it helps rugged, but here's a story from the BBC tech pages, confirming China's statement on bitcoin. It doesn't however say the impact on the currency:

http://www.bbc.co.uk/news/technology-25233224

And here's Bloomberg on the financial impact, which depends on the market traded on. Down 20% on BTC China and 30% on Bitstamp:

http://www.bloomberg.com/news/2013-12-07/baidu-stops-accepting-bitcoins-after-china-ban.html

purch

There are lots of more reputable sources that are running this:

http://www.bloomberg.com/news/2013-12-05/china-s-pboc-bans-financial-companies-from-bitcoin-transactions.html

http://uk.reuters.com/article/2013/12/05/us-china-bitcoin-idUKBRE9B407L20131205

http://www.cnbc.com/id/101249450

http://online.wsj.com/news/articles/SB10001424052702303497804579239451297424842

http://www.ft.com/cms/s/0/40b78d2e-5d87-11e3-95bd-00144feabdc0.html

http://www.aljazeera.com/news/asia-pacific/2013/12/bitcoin-value-dives-after-china-banks-ban-2013125141919464366.html

http://www.businessinsider.com/bitcoin-falls-after-china-warning-2013-12