[2017-03-03]Bitcoin vs PBoC’s digital currency: Expect a dump?

[hl5460]

When the PBoC’s digital currency that will conform to the existing central – commercial bank arrangement is out later this spring, it would have an impact on the use and price of Bitcoin which BTCC’s co-founder Bobby Lee recently tipped would be worth between USD$5,000 and USD$11,000 by 2020’s block halving.


http://news.8btc.com/bitcoin-vs-pbocs-digital-currency-expect-a-dump

[notthematrix]

Closed blockchain tokens is no bitcoin.
in notting more then a fancy spreadsheet , not different from debitcard.
this happned to a other closed blockchain https://twitter.com/TuurDemeester/status/837474331613609985
the power of bitcoin is that anybody can make a wallet , without any question.
China is not so important as we found out see price ,  end yes most likely there will be a correction somewhere  but that is not a PBOC dump , because bitcoin DOES NOT  CARE!
Because you can only dump coins ones , unlike fiat were banks can make "coins" out of thin air....
Making extra bitcoins out of thin air to dump them on a market is imposible
 its is the most secure imutable form of transaction , it is digital gold.

[Dmitry.Vastov]

Why do Chinamen love to use scare tactics to try to make us dump our Bitcoins? Ok sure by that time there will be a dump to 2100 dollars and it will slow low move back up to 5000 again.

It is what it is. Bitcoin is a serious threat to them. They dont want to lose. Thats why they spread FUDs to create panic and sell their bitcoin that eventually will cause price drop. Dont know why they do this. Maybe to buy cheaper coin. But seems FUDs these days is not that effective than before. I guess bitcoin users now are getting mature because we're not easy to fool.

[notthematrix]

The power of math is so strong that is can not be seen by most people.
21.000.000 is all that will ever be in bitcoin space , and that is why bitcoin is just at the beginning.
https://www.youtube.com/watch?v=6ZCVQHtD2l4
this seminar  of andreas antonopolis tells it all.

[aso118]

If a person feels safer holding Bitcoin than Yuan, there is no reason why he will buy the PBOC alt.
The PBOC alt will be nothing different from a digital yuan. No threat to bitcoin whatsoever.

[Kprawn]

Why would a centralized glorified ledger be more attractive to investors? This might sound crazy, but if something like this happens and China are

forced by their government to abandon Bitcoin, then other countries will have more coins to trade with. Bitcoin is a global currency/commodity and

it will still have value, even if the Chinese exit the scene. They will actually do us a favour, when this happens... because a dump will lead to cheap

bitcoins and I just LOVE cheap bitcoins. 

[IconFirm]

Epic PBoC fail.