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Bitcoin Forum > Bitcoin > Bitcoin Discussion > Press > [2014-04-12] Bank of China Governor Says Banning Bitcoin is Out of the Question
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Author Topic: [2014-04-12] Bank of China Governor Says Banning Bitcoin is Out of the Question  (Read 849 times)
Ripdon007 (OP)
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April 12, 2014, 08:12:20 PM
 #1
coinreport made a good call few days ago when they said china is not banning bitcoin..  Cool kudos https://coinreport.net/governor-pboc-no-banning-bitcoin/
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April 12, 2014, 09:29:41 PM
 #2
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Bitcoin is more a kind of tradable and collectible asset, such as stamps rather than a payment currency
.

I don't really understand how they can say that. Just because it isn't issued by a central bank doesn't make it less valid as a currency or payment medium. If people are using it to buy and sell things, then it's a currency. And I think stamps are considered legal tender in some places.
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minime
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April 12, 2014, 11:14:52 PM
 #3

look @ bitstamp... doesn´t their logo look like a stamp?? than you might know how they got this idea... and yes one could say it is a collectible asset....
Ripdon007 (OP)
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April 12, 2014, 11:17:54 PM
 #4
Quote from: minime on April 12, 2014, 11:14:52 PM

look @ bitstamp... doesn´t their logo look like a stamp?? than you might know how they got this idea... and yes one could say it is a collectible asset....


i never noticed that... good point! i wonder what happened there....
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April 12, 2014, 11:35:51 PM
 #5
Quote from: Ripdon007 on April 12, 2014, 11:17:54 PM
Quote from: minime on April 12, 2014, 11:14:52 PM

look @ bitstamp... doesn´t their logo look like a stamp?? than you might know how they got this idea... and yes one could say it is a collectible asset....


i never noticed that... good point! i wonder what happened there....
they might have some sort of guardian...
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April 13, 2014, 04:05:04 AM
 #6
Chinese Gov is secretly buying up cheap BTC?  Grin
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April 13, 2014, 04:21:00 AM
 #7
Quote from: Bit_Happy on April 13, 2014, 04:05:04 AM
Chinese Gov is secretly buying up cheap BTC?  Grin

No. No one is buying up large amounts of BTC right now. Look at the order books of the major exchanges. That is why the demand is low. If someone starts hoarding BTC in significant amounts, then the price will quickly rise.
Ripdon007 (OP)
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April 13, 2014, 06:20:46 AM
 #8
Quote from: bryant.coleman on April 13, 2014, 04:21:00 AM
Quote from: Bit_Happy on April 13, 2014, 04:05:04 AM
Chinese Gov is secretly buying up cheap BTC?  Grin

No. No one is buying up large amounts of BTC right now. Look at the order books of the major exchanges. That is why the demand is low. If someone starts hoarding BTC in significant amounts, then the price will quickly rise.

or they could just be buying in small orders... without buying up the bid
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April 13, 2014, 06:25:25 AM
 #9
Quote from: bryant.coleman on April 13, 2014, 04:21:00 AM
Quote from: Bit_Happy on April 13, 2014, 04:05:04 AM
Chinese Gov is secretly buying up cheap BTC?  Grin

No. No one is buying up large amounts of BTC right now. Look at the order books of the major exchanges. That is why the demand is low. If someone starts hoarding BTC in significant amounts, then the price will quickly rise.


We have just visited the bottom..
bitbouillion
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April 15, 2014, 02:34:13 AM
 #10
So it's April 15 in China already. Didn't want the PBoC according rumors ban BTC completely that day?
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April 15, 2014, 09:28:10 AM
 #11
Quote from: minime on April 12, 2014, 11:14:52 PM

look @ bitstamp... doesn´t their logo look like a stamp?? than you might know how they got this idea... and yes one could say it is a collectible asset....


... yes, bitcoin is a collectible. Possibly they could be further classified as "curios" or even "manufactured collectibles" ... manufactured curios?
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