Quote from: cyberpinoy on November 04, 2014, 06:32:17 AM

Quote from: Nerazzura on November 04, 2014, 01:55:47 AM

Bitcoin will not last forever
I predict Bitcoin will not be able to compete with fiat currency that has been widely circulated among all the people of the world, not a guaranteed value of the Bitcoin makes the price move is not fair. In my opinion, the increase in the value of Bitcoin significantly in recent times due to the act of the speculators that applies in a very irrational, it can happen even in economics assumed all humans are rational beings. This is because there is a psychological side of human in making decisions, in this condition will continue to act greedy speculators in
profit-taking but forget to pay attention to the fundamentals of Bitcoin itself, the attitude of the Chinese Government against Bitcoin should be
wake up call for the speculators to stop pursuing profits from this trade. Although the existence of Bitcoin will not last long, but this situation should the financial institution's need to realize that the increasingly dynamic society requires a more dynamic pattern of transactions anyway, and one way to produce a more dynamic transaction system is to use electronic money or e money
. Unlike the virtual currency , This commodity is money fiat currency is converted in the form of non-cash or less cash
addition will facilitate economic activity will also encourage greater economic growth as a result of the circulation of money faster....

HAHA i have to say yur post intrigued me, especially this part

Quote from: Nerazzura on November 04, 2014, 01:55:47 AM

the attitude of the Chinese Government against Bitcoin should be
wake up call for the speculators to stop pursuing profits from this trade

Lets look farther nto this statement.

China forces all of its Bitcoin investors to sell off their bitoinc in the anticipation of the release of their technology company Alibaba openng up for trading on the public market. This was not to destroy Bitcoins but to secure the ownership of their technological company ALIBABA. Now if we go to Alibaba we will see more than 30% of the sellers on there have what?? Thats right folks BITCOIN MINING EQUIPMENT, and over 70% of thier sister site Aliexpress have sellers with mining equipment for sale. If we add this to the newest competition pool against Ghash.io Discuss Pool we see that china is actually making HUGE astronomical profits off bitcoin right now, they manufacture the mining equipment, mine with it for months before they sell it to us. The chinese government is not against Bitcoins and its usage they are against a financial system they can not control, but they surely have not had a problem with reaping the profits of bitcoin in any way.

I appreciated reading your comment on China and your version of its actions. As soon as there are new Chinese regulations on crypto market coming up and already realizing like those, described here http://fortune.com/2018/01/17/china-bitcoin-cryptocurrency-crackdown/ it would be great to read your opinion on these as well.