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Author Topic: Capital controls in China. No effect on Bitcoin?  (Read 1774 times)
tyz
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July 08, 2016, 09:49:13 AM
 #41

The brexit has shown that established western fiat currencies like the British pound are not immun against big dumps. I am pretty sure it was not the last major currency which falls in value that much. We just need to take a look at Italy and the hugh problems with banks. The Euro could be the next victim of the massive debts.

China has actually been buying up property all around the world to protect its self from being overexposed to the Yuan. Think they are well aware of how things can go sideways on them one of these days. If it does,I expect other currencies to fall as well.

Chinese people always think ahead of time and they know the potential and future of the bitcoins. See the timing of Chinese to invest in bitcoins just a month before halving, making halving too much profitable for Chinese miners as most of the coins are mined in china these days.

So the Westerners should buy more bitcoin as it is the future of money and if you do not want to be a slave, you have hold bitcoin.
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praprata
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July 08, 2016, 10:19:25 AM
 #42

China has actually been buying up property all around the world to protect its self from being overexposed to the Yuan. Think they are well aware of how things can go sideways on them one of these days. If it does,I expect other currencies to fall as well.

Chinese people always think ahead of time and they know the potential and future of the bitcoins. See the timing of Chinese to invest in bitcoins just a month before halving, making halving too much profitable for Chinese miners as most of the coins are mined in china these days.

So the Westerners should buy more bitcoin as it is the future of money and if you do not want to be a slave, you have hold bitcoin.

For EU people bitcoin is not the main asset to invest it. The EU government is doing all that it can to stop bitcoin by implementing bogus laws.


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yugo23
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July 08, 2016, 10:32:49 AM
 #43

Chinese government is considering to extend the capital controls in order to stop the outflows and take away the pressure on the Yuan currency. Obviously, there has been left capital of around 1 trillion dollars within last year. Why does it not produce an sustainable effect on Bitcoin price?
http://www.ft.com/cms/s/0/5213ea3e-c35d-11e5-b3b1-7b2481276e45.html

Why do you believe it doesn't produce a sustainable effect on btc price?
Fluctuations of btc prices come from so many different factors! We can only guess what's really affecting it concretly!
Maybe it's acting and we believe wrongly that brexit is at stake ^^
hermanhs09
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July 08, 2016, 10:57:52 AM
 #44

If we get some crisis in china ( which is pretty impossible for me,they are the best economy so far ) we will get a huuge impact on bitcoin,
im sure about it.
Too many big whales in btc are from there,we have to hope that everything is going to be fine with chinese people Wink
Zivdafast
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August 06, 2016, 11:08:34 AM
 #45

If we get some crisis in china ( which is pretty impossible for me,they are the best economy so far ) we will get a huuge impact on bitcoin,
im sure about it.
Too many big whales in btc are from there,we have to hope that everything is going to be fine with chinese people Wink

The Chinese are just miners to secure the network of bitcoin. They are hard labours.. There is not many whales there.
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