Bitcoin Forum

Bitcoin => Press => Topic started by: Ripdon007 on April 12, 2014, 08:12:20 PM



Title: [2014-04-12] Bank of China Governor Says Banning Bitcoin is Out of the Question
Post by: Ripdon007 on April 12, 2014, 08:12:20 PM
coinreport made a good call few days ago when they said china is not banning bitcoin..  8) kudos https://coinreport.net/governor-pboc-no-banning-bitcoin/


Title: Re: [2014-04-12] Bank of China Governor Says Banning Bitcoin is Out of the Question
Post by: hilariousandco on April 12, 2014, 09:29:41 PM
Quote
Bitcoin is more a kind of tradable and collectible asset, such as stamps rather than a payment currency
.

I don't really understand how they can say that. Just because it isn't issued by a central bank doesn't make it less valid as a currency or payment medium. If people are using it to buy and sell things, then it's a currency. And I think stamps are considered legal tender in some places.


Title: Re: [2014-04-12] Bank of China Governor Says Banning Bitcoin is Out of the Question
Post by: minime on April 12, 2014, 11:14:52 PM

look @ bitstamp... doesn´t their logo look like a stamp?? than you might know how they got this idea... and yes one could say it is a collectible asset....


Title: Re: [2014-04-12] Bank of China Governor Says Banning Bitcoin is Out of the Question
Post by: Ripdon007 on April 12, 2014, 11:17:54 PM

look @ bitstamp... doesn´t their logo look like a stamp?? than you might know how they got this idea... and yes one could say it is a collectible asset....


i never noticed that... good point! i wonder what happened there....


Title: Re: [2014-04-12] Bank of China Governor Says Banning Bitcoin is Out of the Question
Post by: minime on April 12, 2014, 11:35:51 PM

look @ bitstamp... doesn´t their logo look like a stamp?? than you might know how they got this idea... and yes one could say it is a collectible asset....


i never noticed that... good point! i wonder what happened there....
they might have some sort of guardian...


Title: Re: [2014-04-12] Bank of China Governor Says Banning Bitcoin is Out of the Question
Post by: Bit_Happy on April 13, 2014, 04:05:04 AM
Chinese Gov is secretly buying up cheap BTC?  ;D


Title: Re: [2014-04-12] Bank of China Governor Says Banning Bitcoin is Out of the Question
Post by: bryant.coleman on April 13, 2014, 04:21:00 AM
Chinese Gov is secretly buying up cheap BTC?  ;D

No. No one is buying up large amounts of BTC right now. Look at the order books of the major exchanges. That is why the demand is low. If someone starts hoarding BTC in significant amounts, then the price will quickly rise.


Title: Re: [2014-04-12] Bank of China Governor Says Banning Bitcoin is Out of the Question
Post by: Ripdon007 on April 13, 2014, 06:20:46 AM
Chinese Gov is secretly buying up cheap BTC?  ;D

No. No one is buying up large amounts of BTC right now. Look at the order books of the major exchanges. That is why the demand is low. If someone starts hoarding BTC in significant amounts, then the price will quickly rise.

or they could just be buying in small orders... without buying up the bid


Title: Re: [2014-04-12] Bank of China Governor Says Banning Bitcoin is Out of the Question
Post by: podyx on April 13, 2014, 06:25:25 AM
Chinese Gov is secretly buying up cheap BTC?  ;D

No. No one is buying up large amounts of BTC right now. Look at the order books of the major exchanges. That is why the demand is low. If someone starts hoarding BTC in significant amounts, then the price will quickly rise.


We have just visited the bottom..


Title: Re: [2014-04-12] Bank of China Governor Says Banning Bitcoin is Out of the Question
Post by: bitbouillion on April 15, 2014, 02:34:13 AM
So it's April 15 in China already. Didn't want the PBoC according rumors ban BTC completely that day?


Title: Re: [2014-04-12] Bank of China Governor Says Banning Bitcoin is Out of the Question
Post by: marcus_of_augustus on April 15, 2014, 09:28:10 AM

look @ bitstamp... doesn´t their logo look like a stamp?? than you might know how they got this idea... and yes one could say it is a collectible asset....


... yes, bitcoin is a collectible. Possibly they could be further classified as "curios" or even "manufactured collectibles" ... manufactured curios?