Show Posts
From time to time, no one will trust banks to save their assets.
Though we know Bitcoin can't compete with traditional money but still, it has an advantage when it comes to storing it, the golden rule which I most like, "Not your keys, not your coins", the same on the bank, you didn't have full control in your money at the bank so don't expect that it's safe. You might safe from the volatility but still, there's a risk part when freezing your account.
It might people of China has been now owned Bitcoin even though their government against it.
Though we know Bitcoin can't compete with traditional money but still, it has an advantage when it comes to storing it, the golden rule which I most like, "Not your keys, not your coins", the same on the bank, you didn't have full control in your money at the bank so don't expect that it's safe. You might safe from the volatility but still, there's a risk part when freezing your account.
It might people of China has been now owned Bitcoin even though their government against it.
Agree with this.
why they can't withdraw their money as far as i know the government have some kind program to protect the customer in case like this happen. if like this happen and banks till can't withdraw thei customer money 1998 that happen in southeast asia will happen to china
They were cheated by intermediaries, who used higher interest rates to induce users to deposit. Users thought it was a deposit, but it was actually an investment, and then the intermediaries ran away with money. Basically, there was a problem with the intermediaries and relevant supervision (there may be interest transfer), rather than a simple bank unable to withdraw money
