Bitcoin and the China effect: We’re not in Kansas anymore

Bitcoin and the China effect: We’re not in Kansas anymore (via Pando Daily)

By Michael Carney On December 19, 2013 A series of anti-bitcoin actions by the People’s Bank of China (PBOC) over the past two weeks sent bitcoin’s price on a wild ride over the last 48 hours. It reached a 30-day-low of $422 yesterday, down 43 percent…