Quote from: novacn on July 20, 2014, 02:06:45 AM

Quote from: scarsbergholden on July 19, 2014, 09:08:26 PM

Quote from: MatTheCat on July 19, 2014, 03:18:56 PM

But normal Joe Blogg's Chinese can't get Bitcoin easily and I would bet my balls that there will be still hefty import duties to pay on that PC before 'Andy' receives it. China isn't going to let it's economy be undermined so easily.

How hard is it to get money into Huobi or Okcoin these days? I don't recall them ever stopping bank transfers.... that whole PBOC thing just sort of died. Didn't it?

It is still pretty hard to get money into exchange markets like Huobi, OKcoin and BTCChina. People have to transfer their money to a middle man first.

But it is still possible so people in China can still do it and they do.

I would think that China will eventually give in to their citizens using bitcoin and the capital controls will ease, at this point the price of bitcoin would likely spike.