Quote from: ophyrim on September 24, 2018, 08:35:33 AM

Quote from: CryptoBry on September 09, 2017, 07:39:27 AM

I am presenting a speculative idea and a conspiracy theory and here it is: China is planning to kill the whole of the cryptocurrency market starting with the biggest of them all Bitcoin and all the rest will follow. In fact, there is a detailed plan being worked out on here and it started with the banning of all ICO projects...next is the ban of all Bitcoin exchanges and soon all citizens of China having Bitcoin will be imprisoned for 20 years (only 5 years if the person will surrender his Bitcoin to the government for possible burning).

Do you think am I hallucinating due to the "shabu I bought coming from China? Or am I only making some predictions that has more chance to come true than playing in lottery?

Please tell me what you think...and let's have some fun!

Another speculative idea:
China is the second largest USD holder at the moment. If China wants to attack USD economically, they will sell their USD and never use it again.
We can see an announcement like this in the near future from the Chinese government: "instead of USD China is going to use BTC for international business".

China can't really sell its USD without causing major global problems, if they sell USD for RMB, their currency massively appreciates, not what an exporter wants, and also drives domestic inflation due to newly circulating (unsterilized) RMB flows.

China can't just switch to BTC since most intl traded commodities are done in USD. Would they LOVE to change that to IMF's SDR or RMB, yes yes and more yes but having a non-convertible currency also means a very slim chance of real international usage.