The news about the PBOC investigating exchanges is verified true and is being blown into a FUD tornado, or FUDNADO, if you will. In a world full of FUD it’s no surprise.
Filtering the noise…..the Exchanges are not Bitcoin any more than the S&P500 is Google. Nothing has changed about Bitcoin.
Exchange regulation is a sign of Bitcoin’s increasing influence and legitimacy.
I won’t be surprised if PBOC closes an Exchange. It’s long term irrelevant. Barring that this may be last time we see 700’s. Bitcoin has survived Mt Gox, Cryptsy and Bitfinex.
Either way we are definitely separating the longs from the wannabes here.
And anything is possible. Bitcoin is risky. Don’t fuck around with it if you can’t handle it AND if you don’t have at least a few coins you may be missing the opportunity of the century.
As you were, fuckheads.
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