Post
Topic
Board Speculation
Re: pendulum will swing back
by
fred930
on 09/06/2015, 22:26:24 UTC
soon the pendulum will swing back: when the stock bubble bursts, the money is not lost, money never vanishes in a fiat money system

it will just be CHANGE HANDS and from there, flow back into other investment vehicles, such as BTC

So when all that Chinese money flows out of stocks, it could flow into Bitcoin again, and this time it will reach higher highs, way above the $1200 we saw before


I know the Chinese can buy vouchers to convert cash into bitcoins, but I thought direct bank transfers to exchanges were banned. How can really big money from China flow into bitcoin again through a voucher system? For example I doubt it's easy to buy $100k worth of vouchers there.