Quote from: zhangweiwu on October 21, 2013, 06:01:14 AM

Quote from: windjc on October 21, 2013, 05:46:58 AM

One question: when you say there is no way the Chinese gov would allow bitcoin on the markets, what exactly are referring to?

If Chinese government pays attention to bitcoin, it would act the same way they do towards shadow banking: fine those involved in bitcoin yet backed by government, and prosecute the entities without gvernment backing (even execute a few, like the unlucky millionaire Wu Ying last year and Zeng Chengjie this year). The charge will be as usual: illegal fund-raising.

Right now there are two points that needs to be considered on understaind Chinese behaviour:

1. Chinese traders speculate. Few believed in a non-governmental currency taking root, as few believed anything significant yet non-governmental can take root. This translate to a huge bear market when Chinese government acts.

2. The atomsphere in China is like the roaring twenties which I read from books. Everyone feels like they are ready to make a big fortune. This can translates to potential huge bulls.

My two cents.

I feel it is still years away until Chinese government taking action on bitcoin. A centralized power does only a handful of things at a time, and their hands are full in Xi's first 2 year's reign. (Xi is a surname, not roman number 11)

OP i rarely see a Chinese member that can make such honest statement. Most Chinese on the interweb always talk fantasy about China which in turn gives all the Western ppl a delusion of China becoming like a Western Capitalist country. I also blame stupid mainstream media,.... frankly they're all owned by big corporations which all have benefits from working with China.