China Bitcoin Exchange Ends Renminbi Deposits

[D]

China’s biggest Bitcoin exchange was forced to stop accepting renminbi deposits on Wednesday, sending the price of the virtual currency tumbling in one of its biggest markets globally.

http://www.nytimes.com/2013/12/19/busin ... osits.html

Damn, this news has made bitcoin drop by over $4 billion in total value (see the total value of bitcoin). The price of bitcoin is now hovering around $500 at the time of writing this. Which really sucks for people who had a lot of money invested in bitcoin.

I had a few hundred invested in Litecoin and Peercoin, which has also been affected by this news.

Did you have anything invested in bitcoin?

 

[LiquidServe]

Ya, sad to see it all come tumbling down 🙁
BTC is 442 and LTC 11, the price around which we wanted to buy it 😛

 

[Luke]

My father bought 20 bitcoins for $50 each, but other than that nothing else in Bitcoin.

 

[JLogan]

I have 1 litecoin, but that's it.

Someone just needs to start a couple false silk road alternatives and the value will skyrocket back up.