I think I do not know enough about how China is really involved into bitcoin.
All I know is that there are mining farms in China.

Does anybody have an idea of how high the mining capacity in China is compared to the whole bitcoin mining capacity?

I have looked up the list of some notable bitcoin exchanges on wikipedia. One is noted to be in Hong Kong, one in China. The other 13 have nothing to do with China.
Bitfinex was not mentioned, but I think it is in Hong Kong as well.
Since there are so many exchanges outside China, I do not see why regulating, or even closing those in China would be such a big thing.

 

I see not how a shop for bitcoins could be profitable.
It would take a lot of fees to make it work, and I really do not think anybody would pay those.
Online exchanges can be used withe every smartphone, so I highly doubt that a real shop can be competitive with those.

Please, no more faucets! They are of no use!!
The only group of people who visite faucets are the ones who want a few satoshis. The ads showns to them have no effect.
There is a reason why adsense banned faucets: they only generate bad traffic.

I would say that bitcoin is not accepted in most parts of the world. When i look around in my area and wanted to purchase anything for bitcoin in real life, I would come back empty handed.
Besides, banks offer more than money transfer. They give services a lot of people need. Advisement in how to invest money for example.
Bitcoin can not do that.

Maybe that small price decrease from yesterday was a reaction on that news.
But if chinese miners have trouble with sending their mined coins to the rest of the world, would not that mean that the supply is shortened there?
And to me that sounds like the price would be going up then, at least on the long run.

I do not see that within the next few generations there is a way to get rid of fiats. I do not even think that this would be a good idea.
They have proven to be persisten and useful during a few thousand years.
I can imagine that their biggest strength is the fact that they are regulated.
When things go sideways, central banks can make quick decisions to react on wherever they think the problem lies. Of cours this does not mean that they are successful.
But at least they can try.

I know of one bitcoin ATM the next few hundred miles, and that has already closed again.
Bitcoin ATMs do not seem to be profitable around here.
Personally I have never used one, but in a few threads here it was claimed that they take relatively high fees.
In that case I do not think that ATMs will have any influence on bitcoin at all.

But with banks there is at least the certainty that the money will not decline.
With crypto this certainty is not given. Of course, here we all have the hope on a growing bitcoin price, but it's just a hope. There is as well the possibility of loss.
Some people just want to make sure the amount of dollars they own now will be about the same in in the next few years. For those security is something they would never give up.

I think ther is no program out there that can actually break into your wallet and steal the coins you own.
With corrupted I mean that somebody gets hold over your login details. That can happen if the computer has some sort of virus on it that logs your key strikes.
It's the same with the printed version. Pictures are taken relatively fast these days with every smartphone.
Once the coins are out of your reach, they are lost for ever.

And it was not very well thought through.
Countries need the option to devalue a currency in order to stay in competition with other countries who might have a stronger economy or different legislative conditions.
If that option is not available, you can not export goods to aother countries because they will not be bought due to the high price. The already weak economy crumbles even more.
That's exactly what happened to the countries in the south of Europe compared to the northern countries.

It depends on how good you are at managing different account.
In case you are a little absentminded and put the list with your passwords in places you forget them, or match the passwords to the wrong wallets, it might be a good decision to make it as easy as possible.
And that would mean having just one wallet where everything comes together.

Of course, if that one wallet is corrupted somehow, everything is gone.

Compared to cash money or bank accounts, bitcoin is more complicated.
I am relatively sure that a lot of people simply are too lazy or just don't have the necessary time that is needed to get in touch with bitcoin.
That is why a lot of people have heared about it, but nothing more.

I am convinced that even if the posession of bitcoin is declared to be illegeal in a country, people will not follow that law.
Technically it's hard to prove that someone owns bitcoins, at least if the owner understands a little bit of what he is doing with his coins.
The only way I can think of how a government can enforce such a law is to block the exchanges.
But that will only be successful for a short time.
Soon businesses in other countries will grow up that will handle the problem, against a little fee of course.

I think that even if mining would be declared to be illegal by the government, China would still be China.
The miners would have to pay some official to look in another direction. I think that is how things work there, with almost everything.
So it is very likely that a ban of mining would have nearly no impact on bitcoin.

I'm not sure if a bitcoin authority in things concerning governments really is necessary.
But I think for the future developement of bitcoin changes will be necessary at a certain point.
And the decission making process seems to me too slow.
I can imagine that an authority that shows options and gives timelines for developement would be a good thing.

The hype was over relatively quick.
Zec has reached 7btc per coin on Poloniex this afternoon.
I am really wondering if somebody has bought it at 2300 btc per coin.

At the moment ZEC is at about 6 btc per coin on polo. Seems to have lost 99.76%  during the last 24 hours.
I don't see it coming back from there.

I have read recently that punishment from US side has been reduced to something between 5 and 5.5 billions.
That's still a huge amount, but something the bank can handle.
And there still is that chance that this is not the end of the line. Their lawyers think they can continue to negotiate and reduce the amount even further.

I tried to do it several times, but it never worked.
I think the person that bitcoin is explained to must have some basic interest in technical stuff. Otherwise it's somply not worth the time.
If somebody does not show any kind of interest from the start, talking about bitcoin will only annoy him and drive him even further away from bitcoin.

Those are really good rules.
Unfortunatelly, if I use them to all investment sites I know, they all turn out to be scams. And it is very likely that they really all are scams.
Can you tell me if you have ever found a site where your rules tell that investing will not turn out to be a 100% loss of coins?