The Battle for Bitcoins.docVIP

The Battle for Bitcoins 　　People’s Bank of China， the cen- tral bank of this country， issued a notice that scared away those panicked. But meanwhile， some people were overjoyed with that news. The gamble started around the Bitcoin deal worth billions of US dollars. Someone is betting on tomorrow and someone is betting on the world. 　　On December 5， 2013， China’s central bank and other five departments issued the Notice about Preventing the Risks of Bitcoins（hereafter Notice for short）， stating that the Bitcoin does not have the equal legal status with currencies and cannot be used in the market as a kind of currency. Ordinary citizens have the freedom to be involved in the deals of Bitcoins with the self-assumption of risks. In addition， all financial institutions and payment services platforms cannot use the Bitcoin for the pricing of their products and services. 　　Soon after the issuance of the Notice， the price of the Bitcoin dropped immediately. The website of Bitcoin China shows that the price of this electronic currency directly dropped from 6000 yuan per Bitcoin to 4521 yuan. Prior to that， the Bitcoin’s price once made the historical high of 7050 yuan on a single day. Someone who had sold their Bitcoins before the Notice of the central bank could not help but brag that“they fled so fast that they could get rid of the loss completely”. 　　But some people snickered around the corner. They bought in a large amount of Bitcoins when the price was low and waited for the value to rise back. What happened later proved that they were wise as well， since the price of Bitcoins took a V-shaped pattern on December 5 and finally rose back to above 6000 yuan. 　　“Different people have different understandings of the news，” says Gong Ming， a famous Bitcoin investor in China. This is the rule of Bitcoins， Each large fluctuation in the Bitcoin market is an opportunity of speculation for those who understand it. 　　Song Huanping， another senior“player” of Bitcoin， says that