Post
Topic
Board Speculation
Re: Why Chinese money will move into BTC - ban or not
by
Edward50
on 10/04/2014, 04:28:42 UTC
You fail to take into account that these loopholes will be hard to move serious money into bitcoin.

Kind of like me dealing with my bitcoin exchange here in America. They do not accept ACH, what a pain it was to send in money order deposits.

Yes there will always be a way to buy bitcoins, but to invest seriously when each bitcoin is a whopping $400 dollars, you need easy and quick transfers from your bank accounts.

I can easily send money in and out of my stock brokerage accounts. Moving 100,000's of dollars very easily. Not the case when dealing with my bitcoin exchange.

Just face it, bitcoin is over in China. They won't have any significant impact on bitcoin anymore.