Chinese Government Plans Bitcoin Cap

[unknown04]

Is this another FUD ? where are the news source ?

[serjent05]

Is this another FUD ? where are the news source ?

Possible, there is a news about this thing, but the news pointed a souce on some site and yet it was not there.  This is a tactical move by whales in my opinion in order to scoop a cheaper Bitcoin from shakened weak hands that sells their bitcoin the moment bad press or fake rumors occured.  And this is more likely the latter.

[romero121]

It looks to be a coincidence, but already china had got the plan for implementation of their own digital currency. Recently the Chinese Yuan price went down, so as lot users were into bitcoin as well if the government adopts it then china acts to be the financial centre for all sorts of financial function when more and more countries get digitalized.

[MONKEYJUNK]

I really don't know what will happen with USA and China and if Trump act taxing China, it can be good for the world, the cheap manufacturer from there reflects in all world, making hard to people earn money working.

About the cryptos and government are just speculation, I don't think they really care since the marketcap of all cryptos are low af comparated to the economy...

[Dassi]

It seems that this year, major anti-bitcoin news came from China and it had a significant impact on bitcoin price, e.g Bitfinex hack (a Chinese exchange).

[jondeen707]

Is this another FUD ? where are the news source ?

That clearly is. Heard-it-through-the-grapevine kind of bs posed as fact.

[zby]

Is this another FUD ? where are the news source ?

That clearly is. Heard-it-through-the-grapevine kind of bs posed as fact.

Let's say some Chinese people use bitcoin to workaround the capital controls. When there is a news that the government is going to close this possibility - then what do you think these people would do? Do you think they would run with fear or do you think they would flock to bitcoin while the opportunity lasts?

[MingLee]

Is this another FUD ? where are the news source ?

That clearly is. Heard-it-through-the-grapevine kind of bs posed as fact.

Let's say some Chinese people use bitcoin to workaround the capital controls. When there is a news that the government is going to close this possibility - then what do you think these people would do? Do you think they would run with fear or do you think they would flock to bitcoin while the opportunity lasts?

Most of them will either make their move when they can or they'll find other ways to get around the limitations put in on them and find another way to get their wealth out of the Yuan. Chances are a lot will get out while they can, but if they aren't moving anything yet chances are they aren't too worried about the government's words yet.

[jondeen707]

Is this another FUD ? where are the news source ?

That clearly is. Heard-it-through-the-grapevine kind of bs posed as fact.

Let's say some Chinese people use bitcoin to workaround the capital controls. When there is a news that the government is going to close this possibility - then what do you think these people would do? Do you think they would run with fear or do you think they would flock to bitcoin while the opportunity lasts?

The way I see it, no verifiable actions or statements have been made on behalf of Chinese authorities that could be construed as intentions to impose limitations on the use of bitcoin. Please correct me if I'm wrong.

[zby]

Is this another FUD ? where are the news source ?

That clearly is. Heard-it-through-the-grapevine kind of bs posed as fact.

Let's say some Chinese people use bitcoin to workaround the capital controls. When there is a news that the government is going to close this possibility - then what do you think these people would do? Do you think they would run with fear or do you think they would flock to bitcoin while the opportunity lasts?

The way I see it, no verifiable actions or statements have been made on behalf of Chinese authorities that could be construed as intentions to impose limitations on the use of bitcoin. Please correct me if I'm wrong.

If they don't plan to lift the capital controls - then at some point they'll have to do something about bitcoin. And when there is any official statement - then it will be already too late for any reaction - that is for sure. That is why people take the rumours seriously.

[jondeen707]

Is this another FUD ? where are the news source ?

That clearly is. Heard-it-through-the-grapevine kind of bs posed as fact.

Let's say some Chinese people use bitcoin to workaround the capital controls. When there is a news that the government is going to close this possibility - then what do you think these people would do? Do you think they would run with fear or do you think they would flock to bitcoin while the opportunity lasts?

The way I see it, no verifiable actions or statements have been made on behalf of Chinese authorities that could be construed as intentions to impose limitations on the use of bitcoin. Please correct me if I'm wrong.

If they don't plan to lift the capital controls - then at some point they'll have to do something about bitcoin. And when there is any official statement - then it will be already too late for any reaction - that is for sure. That is why people take the rumours seriously.

Capital controls are a fact of life in China and they are not going anywhere any time soon. But apart from buying bitcoins there are other more viable and a lot more effective ways to get around. I guess the point I'm trying to make is that the Chinese authorities should be more concerned about plugging other holes. It does not look like they are viewing Bitcoin as a threat in general. Surely it can change once it gets too big. But it's a long and winding road to that.