[2017-04-12] Big Money Made in China as Bitcoin Traders Wait for Withdrawals

[TwoTimes]

Since the beginning of 2017 bitcoin traders have been focused on the ongoing developments between China’s central bank and bitcoin exchanges residing within the country. Over the past two months, withdrawals have been suspended across nearly every major Chinese bitcoin trading platform with no word on when suspensions will be lifted.

A recent report has also detailed that young bitcoin traders in China have been making a lucrative living trading the decentralized cryptocurrency. For instance, Huai Yang, a 27-year old living in Beijing says he is making 1m yuan per month trading bitcoins. Yang has been involved with cryptocurrency for quite some time but has been trading bitcoin for a living over the past six months. “I want a more splendid life,” explains the Chinese bitcoin trader.

Read More Here >>> https://news.bitcoin.com/big-money-china-bitcoin-traders-wait-withdrawal/

[iamTom123]

China is reaping all the benefits which Bitcoin can give. And I am sure that the government is now really seeing the big picture for Bitcoin as the government can be able to use it as a weapon or as a way to control the financial future of the globe. This Chinese guy is showing us the many possibilities brought by Bitcoin. Trading cryptocurrency can indeed make one have a comfortable life and I am sure he is a part of the growing interest in China for Bitcoin. Bitcoin can be the new toy for Chinese to play with. Non-Chinese should wake up and stake their claim in the Bitcoin pie.

[Kprawn]

Chinese people will have to go underground with Bitcoin soon, because the Chinese government are following the same route as the New York

legislators with BitLicense. They do not want to ban it, but they want to over regulate it, to slow it down. This decision is going to explode in their

face, because they are going to lose out on a lot of potential tax income and also tourism income from Bitcoiners wanting to travel to China and

using their bitcoins to spend on their goods. 

[guqisky]

at the end bitcoin will be solid and strong currency .
if bitcoin is allowed and traded official and properly poverty will vanish and everybody will have decent income