Bitcoin Forum
November 05, 2024, 05:08:47 PM *
News: Latest Bitcoin Core release: 28.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: What happens if China economy fails?  (Read 1265 times)
Interized (OP)
Sr. Member
****
Offline Offline

Activity: 280
Merit: 250

Coolness: ∞


View Profile
January 07, 2014, 06:46:06 AM
 #1

Would it:

A: Cause Bitcoin prices to skyrocket

B: Cause China Bitcoiners to deplete resources via Bitcoin (since China currency now useless) driving Bitcoin DOWNWORD.

It seems like, anyone who invests in Bitcoin and lives in an economy that fails would benefit since the global market of Bitcoiners would absorb the failed economy..

Can you say emergency offshore server to send your BTC to?

lol

The banking system REBORN through Bitcoin!

Gold isn't the answer.
HairyMaclairy
Legendary
*
Offline Offline

Activity: 1414
Merit: 2174


Degenerate bull hatter & Bitcoin monotheist


View Profile
January 07, 2014, 07:04:12 AM
 #2

If the Chinese economy fails the Chinese communist party would go down with it (and they know it). Anything could happen. 
jonanon
Full Member
***
Offline Offline

Activity: 154
Merit: 100


View Profile
January 07, 2014, 07:13:28 AM
 #3

There are loads of economies that have more chance of failing than China - it is not likely going to happen so not worth speculating on.....
Interized (OP)
Sr. Member
****
Offline Offline

Activity: 280
Merit: 250

Coolness: ∞


View Profile
January 07, 2014, 09:27:47 AM
 #4

There are loads of economies that have more chance of failing than China - it is not likely going to happen so not worth speculating on.....

Google Trends shows more and more Japanese searching the words "Heart" and "Hurt".

http://www.wnd.com/2014/01/fukushima-releases-mysterious-steam-plume/

People keep talking about how Fukushima is effecting the GLOBAL economy with radiation, think about what that means for the future of China and any other countries around Japan.


Gold isn't the answer.
QuestionAuthority
Legendary
*
Offline Offline

Activity: 2156
Merit: 1393


You lead and I'll watch you walk away.


View Profile
January 07, 2014, 09:36:20 AM
 #5

America fails with it since China owns half of America.

Interized (OP)
Sr. Member
****
Offline Offline

Activity: 280
Merit: 250

Coolness: ∞


View Profile
January 07, 2014, 09:59:54 AM
 #6

America fails with it since China owns half of America.

China owns a good portion of Government/Banks.

Do Government/Banks own us?

According to your birth certificate, yes.

Gold isn't the answer.
Bitcoinpro
Legendary
*
Offline Offline

Activity: 1344
Merit: 1000



View Profile
January 07, 2014, 10:05:25 AM
 #7

China gets a Haircut to the tune of 3 Trillion US dollars, and Bitcoin takes over as the world reserve Currency.

WWW.FACEBOOK.COM

CRYPTOCURRENCY CENTRAL BANK

LTC: LP7bcFENVL9vdmUVea1M6FMyjSmUfsMVYf
empoweoqwj
Hero Member
*****
Offline Offline

Activity: 518
Merit: 500


View Profile
January 07, 2014, 01:53:43 PM
 #8

Would it:

A: Cause Bitcoin prices to skyrocket

B: Cause China Bitcoiners to deplete resources via Bitcoin (since China currency now useless) driving Bitcoin DOWNWORD.

It seems like, anyone who invests in Bitcoin and lives in an economy that fails would benefit since the global market of Bitcoiners would absorb the failed economy..

Can you say emergency offshore server to send your BTC to?

lol

The banking system REBORN through Bitcoin!

The Chinese economy is booming. Much more chance of US or Europe going down .......
QuestionAuthority
Legendary
*
Offline Offline

Activity: 2156
Merit: 1393


You lead and I'll watch you walk away.


View Profile
January 07, 2014, 04:28:09 PM
 #9

America fails with it since China owns half of America.

China owns a good portion of Government/Banks.

Do Government/Banks own us?

According to your birth certificate, yes.

China owns a good portion of US land. Three of my commercial rentals in three different states have had Chinese ownership.

anu
Legendary
*
Offline Offline

Activity: 1218
Merit: 1001


RepuX - Enterprise Blockchain Protocol


View Profile
January 07, 2014, 04:51:58 PM
 #10


The Chinese economy is booming. Much more chance of US or Europe going down .......

Their real estate bubble is ready to pop. The shock wave of that may be enough to make the world wide bond bubble pop. That will be a show when billions of people are suddenly headed for only a few exits, labelled "real estate", "commodities", "Bitcoin".

▄▄▄▄▄▄▄▄▄▄        ▄▄▄▄▄▄▄▄▄
███████████▄    ▄███████████
█████████████▄▄█████████████
████████████████████████████
████████████████████████████
▀█████████████████████████▀
  ▀█████████████████████▀
   ▄████████████████████▄
 ████████████████████████▄
████████████████████████████
████████████████████████████
█████████████▀▀█████████████
███████████▀    ▀███████████
▀▀▀▀▀▀▀▀▀▀        ▀▀▀▀▀▀▀▀▀
RepuX▄██▄
████
████
████
████
████
████
████
▀██▀
.Decentralized Data & Applications Protocol For SMEs.
.
▔▔▔▔  ●  Twitter  ●  Facebook  ●  Bitcointalk  ●  Reddit  ●  ▔▔▔▔
▄██▄
████
████
████
████
████
████
████
▀██▀
Enterprise Blockchain Protocol
.GET WHITELISTED.
Token Sale starts 6th of February 2018
empoweoqwj
Hero Member
*****
Offline Offline

Activity: 518
Merit: 500


View Profile
January 08, 2014, 03:13:06 AM
 #11


The Chinese economy is booming. Much more chance of US or Europe going down .......

Their real estate bubble is ready to pop. The shock wave of that may be enough to make the world wide bond bubble pop. That will be a show when billions of people are suddenly headed for only a few exits, labelled "real estate", "commodities", "Bitcoin".

Real estate bubble bursts leads to .... "real estate" exit? Smiley Or are you saying that is taken off the table and we are left with just commodities and bitcoins? Smiley
Pages: [1]
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!