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Title: What's the real situation with China? Post by: pinksheep on April 27, 2014, 11:11:31 PM When you take away all the FUD, what exactly is the situation regarding BTC in China? Can the average Chinese person still buy it or have the regulations pretty much stifled that? Furthermore, is China's involvement really necessary for bitcoin's future success?
Title: Re: What's the real situation with China? Post by: Latinman on April 27, 2014, 11:18:31 PM You can use google translate and baidu search engine and check for yourself :)
Title: Re: What's the real situation with China? Post by: BitCoinDream on April 27, 2014, 11:25:23 PM When you take away all the FUD, what exactly is the situation regarding BTC in China? Can the average Chinese person still buy it or have the regulations pretty much stifled that? Furthermore, is China's involvement really necessary for bitcoin's future success? Bitcoin is not country specific. So any specific country has no advantage at Bitcoin. But China has the largest population on earth. So they can create a lot of demand for Bitcoin that takes the price forward. But as Africa and other countries are joining in, China's demand creation ability will be nullified soon. Title: Re: What's the real situation with China? Post by: pinksheep on April 27, 2014, 11:28:54 PM yes, I could use google translate but I'd probably get more FUD. Of course, I might get it here too ;D
Title: Re: What's the real situation with China? Post by: pinksheep on April 27, 2014, 11:29:49 PM and is Africa getting involved to any great extent?
Title: Re: What's the real situation with China? Post by: BitCoinDream on April 27, 2014, 11:33:03 PM and is Africa getting involved to any great extent? This is not a company getting involved in a business. This is public adoption ...takes time. Title: Re: What's the real situation with China? Post by: pinksheep on April 27, 2014, 11:46:30 PM I know it takes time & I can't see mass adoption anytime soon, so when I read these threads saying we'll be at $10,000 by Christmas & $100,000 at the end of 2015, I just don't know how that's going to happen. Of course, the price could go up in anticipation of wider adoption. In fact, I'd imagine that's what took it to over $1200 last year.
Title: Re: What's the real situation with China? Post by: pinksheep on April 27, 2014, 11:58:32 PM And do you think that China's position on BTC will change as it sees many other countries getting involved? Would it fear being left behind?
Title: Re: What's the real situation with China? Post by: Shogen on April 28, 2014, 05:07:17 AM And do you think that China's position on BTC will change as it sees many other countries getting involved? Would it fear being left behind? China has strict capital control ,ie. people can't take the money out of the country freely. So it is not a surprise to see the government fear of bitcoin, and not allowing Chinese people to buy and sell bitcoin easily. :) Title: Re: What's the real situation with China? Post by: Acidyo on April 28, 2014, 05:34:41 AM The situation is literally this:
http://imgur.com/a/KDwtE Title: Re: What's the real situation with China? Post by: Shogen on April 28, 2014, 07:31:57 AM The situation is literally this: http://imgur.com/a/KDwtE The strip is really hilarious, but it is so true. :( Title: Re: What's the real situation with China? Post by: BitsBitsBits on April 28, 2014, 09:10:40 AM The situation is literally this: http://imgur.com/a/KDwtE Now that was funny! South park is awesome!:) Title: Re: What's the real situation with China? Post by: durrrr on April 29, 2014, 05:25:54 AM yeah ive wondered the same thing what is the deal with china some people stand by that they have a huge impact on the price of bitcoin and others say its all bullshit. whats the truth?
Title: Re: What's the real situation with China? Post by: monsterbitty on April 29, 2014, 06:51:34 AM http://imgur.com/a/KDwtE
+1 to this image. The situation is just like this. Title: Re: What's the real situation with China? Post by: notguessinchina on April 29, 2014, 04:01:01 PM Everything in China has not been fixed.
But some news reported Bitcoin and Altcoin will lose RMB supply from all banks. |