Post
Topic
Board Bitcoin Discussion
Re: Did China just legalize Bitcoin, clarify regulation, for its free market use?
by
lophie
on 07/12/2013, 10:24:55 UTC
No they didn't , you just imagining things because you hold BTC and its dropping so fast get back to reality they said its not a currency no way and currently banned for financial institutions , it shows you China may ban it at any given time without any given notice , virtual commodity ? what the hell that mean ...

Your retort is irrational, as I am sure all the No votes are. I have studied the ruling and analyzed what it legally says. Your paranoia does not agree with the reality of what the ruling says.

Pass your Bitcoins to strong hands who have sound logic and know how to read what the ruling actually says. And who understand that China is slowly liberalizing, while the west is slowing turning into a spy agency and capital controls prison. Note I have been a China critic over at http://mpettis.com, just find the posts with the avatar of Homer Simpson's small brain x-ray.

P.S. Actually I was holding no BTC (and never owned any) until today when someone sent me several to distribute to typhoon victims.


Mate no need to try hard its banned there period , no business will be willing to accept it as long as this is the Chinese gov tune , its banned mate , its not important if people can exchange it , who cares i can exchange socks with you does that give it value , whats the value if it cant be used as a currency ? it was $13 at the beginning of the year and nothing have changed we're going back there but it takes time , its definitely not worth the hype , just another WOW Gold or a store credit ...

The hype wasn't about BTC in stores and more like a different store of wealth and income generator via accepting unregulated type of currency that you can exchange on a local market, look here and understand the potential http://tealet.com/grower/list. Now the fall is because of baido, being shacky over 1k usd per coin and the fact that we are 4 times highest than the highest price bitcoin ever was! That is a psychological factor.

It will recover after this weekend to a stable $800. Maybe more.