Quote from: pooya87 on January 08, 2017, 04:57:15 AM

Quote from: metalbean on January 07, 2017, 02:05:31 AM

Many have mentioned that BTC is now used as a way for smart Chinese to transfer their money out of China as the Chinese RMB is continuing its devaluation systematically, is this enough to sustain the needs of BTC price growth?

I also think that many have made valid points that the price growth, if true, has been largely based on money transfer but very little life real case of e commerce and what not, is this unhealthy?

they are saying Chinese are going to use bitcoin to transfer money out of China because government has put a limit to the amount they can transfer out. with that said all of these things are speculations not facts things like this may happen in small scales but it is not yet big.

also it is not bad, all these different usages are going to exist simultaneously and don't need to be unhealthy or bad necessarily.

Wouldn't this be a good thing since as people shift away from fiat to BTC it's going to be increasing buy support and driving up demand just like what happened in India?