Post
Topic
Board Bitcoin Discussion
Re: Bitcoin in Cnina.
by
Xavofat
on 17/04/2018, 15:38:02 UTC
bitcoin in china has been banned. the Chinese government forbids crypto trading money, because the negative side can harm the government and also its investors, one of the largest bitcoin market in China has been closed

Chinese government is encouraging/telling its citizens to buy Gold and Silver since year 2012. Traditional investments are the safest since they survived the test of times for 100 years and seen many wars.
Gold investments is for the people who has no balls to take chances in life. They only invest in something, if it is a sure bet.
So you're saying that gold investment is a "sure bet" and Bitcoin is not.  Since your post implies that the OP is correct, why are you trying to claim that it's "FUD"?

What do you think about this? Shift of China's attitude to bitcoin in a positive way or not. Or this statement to anything will not lead?
Considering China's fairly recent crackdown on exchanges and mining, I would consider it neutral to BTC at best and hostile at worst.

I don't think that whether a country regards it as a currency actually matters.  All that matters is its decisions on how to treat it for regulation and tax purposes.  If the Chinese government haven't made changes or planned to make changes to those things, I don't think it matters what their general impression of cryptocurrencies is.