salamat700
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July 28, 2019, 02:25:10 PM |
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OP, it might be a trap, whatever their game is. Why would the bank of China educate the people about Bitcoin? Bitcoin is a takeover, they don't want people in their country using it. Or is the Bank of China HODLING?  In case this news can be true, then there is a big probability that China is really into something and yes they might have decided to instead dominate the Bitcoin market soon (if they have not already done that!). China has the desire to rule the global economic landscape and anything that can weaken the top global currencies they are so willing to use it anytime...probably they are seeing Bitcoin as one of the many tools they can use for this purpose. |
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caffu chino
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July 28, 2019, 02:31:05 PM |
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I think China is preparing a project to compete with Libra. When viewed from what they did recently, the Chinese government is starting to develop its own cryptocurrency. this will make the market more developed. we will see a good thing if China starts to open up to the blockchain.
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kryptqnick
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July 28, 2019, 02:46:13 PM |
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Bank Of China, one of the China's state owned banks is educating their citizens about bitcoin, explaining how it works, why bitcoin has a value, why the price is going up and it sounds very bullish. Yesterday bank of China published an infographic article. The infographic is explained in three parts. In the first part it explains the history and a white paper, mining, how it works, benefits of using bitcoin.The second part explainst the historical price and volatility. The third part explains bitcoin's adoption! This looks like China is more open for bitcoin. Maybe we are at the begining of something big here. https://openapi.boc.cn/inews/index.html?from=singlemessage&isappinstalled=0#/authorPageDetail/1000899?channelId=110000&fromShare=1&inComeSource=zyzq-mainI don't know, I have my doubts about China. It's a shady country that violates human rights and tries to hide what is essentially contemporary concentration camps. The scandal with Huawei is also a part of this general trend of China. The relations with the West are getting worse, and China doesn't seem to be willing to change this course of actions. For a country like China, it wasn't surprising that they decided to restrict cryptocurrencies. After all, it's something they cannot control, some freedom people had. It's good but suspicious if they are actually willing to let it go with cryptos and even encourage people to use them. |
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Kakmakr
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July 28, 2019, 02:58:09 PM |
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You know one thing I have noticed is that China would always go against whatever the "West" is doing. We have lately seen some push back from Donald Trump against Bitcoin and now suddenly China is more positive about Bitcoin. <Do you see the pattern?>
We know the financial outlook for the US and some Europe countries are bleak and China have picked up on that. <Buying more Gold is a good sign in times like this and China is buying a bunch of Gold>
Why do you think Donald Trump are fighting so hard to rebuild the US economy with all these trade wars?
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prehisto
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July 28, 2019, 06:44:57 PM |
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The webpage is in chinese.
We dont have any way to check if it is real or fake news also we dont have a way to know if this is indeed the bank of china.
Definitely they are not " promoting " bitcoin, the best case scenario they are legit and they are just educated the public.
Dont forget that the majority of btc mining belongs to Chinese companies..
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SuperTA (OP)
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July 28, 2019, 06:50:50 PM |
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The webpage is in chinese.
We dont have any way to check if it is real or fake news also we dont have a way to know if this is indeed the bank of china.
Definitely they are not " promoting " bitcoin, the best case scenario they are legit and they are just educated the public.
Dont forget that the majority of btc mining belongs to Chinese companies..
According to finance yahoo news, they are promoting bitcoin! Weird, right! I know, it's hard to believe! You are not the only one sceptical about it.  https://finance.yahoo.com/news/bank-china-bullish-bitcoin-151953586.html |
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Theb
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July 28, 2019, 07:02:39 PM |
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I don't understand Mandarin so I'll have to take your word for it. If the government is getting more involved in introdycing cryptocurrencies in their country it can only mean (mainly) two things they see the economical benefit from the industry and they themselves are hodling some cryptocurrencies not only Bitcoin or they are just preparing their citizens or even mind-conditioning them for their own state issued cryptocurrency, it could even be both as far as I am concerned. Especially if we are talking about China moves like this are always backed by a motive behind it.
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bitcoindusts
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July 28, 2019, 07:42:21 PM |
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My brows are meeting each other as I think about it  A month ago we been hearing news about China planning to abolish bitcoin mining, now we are hearing news like this. I really don’t understand the hidden agenda behind this propaganda they are making. They must be after something big, we cannot tell, China government might planning something big about Bitcoin and cryptocurrency adoption, just guessing. |
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SuperTA (OP)
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July 28, 2019, 07:54:11 PM |
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My opinion is that China has to do something before Libra or other similar project happens. I think that facebook and Libra were the trigger of all of this. Including USA government statements and regulations. I think China wants to make a move before it's too late!
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sufferer123
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July 28, 2019, 08:11:10 PM |
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Mass adoption will come anyway. Not only China, all countries will accept it in time. Everyone has to face this fact. I hope today's small investors don't sell their investments for small profits.
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shield132
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July 28, 2019, 08:17:40 PM |
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OP, it might be a trap, whatever their game is. Why would the bank of China educate the people about Bitcoin? Bitcoin is a takeover, they don't want people in their country using it. Or is the Bank of China HODLING? I bet they don't need hodling but who knows what they do. Btw there is another interestin subject, what will usa do? They don't like when china takes control on something and USA is also product of it. And if we consider the fact that Tramp isn't fan of bitcoin, will they ban it if china improves their control over it or will USA turn into this "war" or call it something different. Btw this is very strange situation, once they wanted to ban bitcoin and now want to make it popular? People and especially in government/banks, don't change their mind so easily and also don't do anything without commercial benefit. |
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tippytoes
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July 28, 2019, 08:20:01 PM |
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Mass adoption will come anyway. Not only China, all countries will accept it in time. Everyone has to face this fact. I hope today's small investors don't sell their investments for small profits.
Yes, finally they realized that banning bitcoin usage will not do any good to them. Because if they will do so, they will be left behind by this blockchain revolution. This is really quite good news. And with the population of China using crypto, no wonder we will expect the price rise of bitcoin. |
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JPSelzer
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July 28, 2019, 09:07:01 PM |
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On the one hand, this is positive news, but on the other hand, it is strange that banks suddenly decided to support bitcoin. They have always been against him and it is unclear for what purpose they suddenly decided to promote the idea of bitcoin.
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stfN2128
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July 28, 2019, 09:14:09 PM |
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hmm i cant really believe this. why should a bank promote and educate people about bitcoin? everyone would realize how bad banks really are  sounds a bit weird to me. |
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pixie85
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July 28, 2019, 09:15:59 PM |
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This is looking great. Maybe it's the beginning of a process of unbanning Bitcoin in China? They have to be observing Hong Kong which became the main hub of Bitcoin exchanges after the Chinese ban. Years have passed and HK is doing good economically. Nobody is dumping the money for bitcoin but big exchanges are paying taxes and everybody is happy.
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rodel caling
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July 28, 2019, 09:20:48 PM |
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This all useless because china top officials special the president is against in crypto currency or bitcoin, they announced a totally banned of bitcoin. So how it's works even the bank of china educate the citizen the importance of bitcoin if the government have nothing approvals crypto legalised.
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bitsurfer2014
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July 28, 2019, 09:52:16 PM |
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If this reports are indeed true, then I surmise there must be a hidden agenda by the Chinese government on why there is a sudden change of stance on digital currencies? There is a popular adage that states if you can't beat them, join them! and I'm afraid this is what will be the case right now!  |
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SuperTA (OP)
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July 28, 2019, 09:58:23 PM |
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hmm i cant really believe this. why should a bank promote and educate people about bitcoin? everyone would realize how bad banks really are sounds a bit weird to me. Because they don't have a choice, really! It's about China, not a bank. Their state bank is only a tool in their hands. If they don't react soon enough, they could be left behind and lose a potential advantage and opportunities in the future. |
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Xardasim
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July 28, 2019, 10:01:00 PM |
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OP, it might be a trap, whatever their game is. Why would the bank of China educate the people about Bitcoin? Bitcoin is a takeover, they don't want people in their country using it. Or is the Bank of China HODLING? The second option makes more sense. Snowballs like this can be the snowslide of the future. I do not think there could be anything negative behind this step, as long as the truth is told. We have witnessed the return of the opponents one by one, perhaps this is one of them. |
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hahahafr
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July 28, 2019, 11:37:42 PM |
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It's good to hear once again that the Bank of China is showing slight interest into cryptocurrencies especially Bitcoin. Let's not forget folks, no decision is permanent so even though China announced strong decsions against cryptocurrenies especially in its mining activities i am sure this decision can also be changed with time especially when the use of bitcoin increases across the world.
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