Bitcoin Tumbles as PBOC Declares Initial Coin Offerings Illegal
1–10 of 122 posts
Re: Bitcoin Tumbles as PBOC Declares Initial Coin Offerings Illegal
#2why does it feel like every time bitcoin goes up, the chinese government has some sort of announcement to bring it back down? see: last time when they prohibited banks from buying/selling cryptocurrencies. does someone there hope to earn some quick $$$ from shorting bitcoin (profit motive), or are they doing it to cool down a bubble (protect chinese investors motive)?
Re: Bitcoin Tumbles as PBOC Declares Initial Coin Offerings Illegal
#3Bitcoin price goes from 1000 to 5000 in 6 months, but now it's tumbling just because it went back to 4200?
Re: Bitcoin Tumbles as PBOC Declares Initial Coin Offerings Illegal
#4Bitcoin price goes from 1000 to 5000 in 6 months, but now it's tumbling just because it went back to 4200?
I love buying cheap bitcoin. Can it fall a bit more, please?
Re: Bitcoin Tumbles as PBOC Declares Initial Coin Offerings Illegal
#5why does it feel like every time bitcoin goes up, the chinese government has some sort of announcement to bring it back down? see: last time when they prohibited banks from buying/selling cryptocurrencies. does someone there hope to earn some quick $$$ from shorting bitcoin (profit motive), or are they doing it to cool down a bubble (protect chinese investors motive)?
Because Bitcoin and ICO are the main mechanism to get money out of China, with overseas cash withdraw very limited for Chinese citizens, with 50% of millionnaires in China wanting to leave (http://bit.ly/2uzYLyu) (and the other 50% already having left probably), and with Chinese government cracking down on real estate/insurance tactics to move money out.
But it's really doubtful they can prevent bitcoin from transfering money out of China altogether (unless they ban bitcoin)
Re: Bitcoin Tumbles as PBOC Declares Initial Coin Offerings Illegal
#6why does it feel like every time bitcoin goes up, the chinese government has some sort of announcement to bring it back down? see: last time when they prohibited banks from buying/selling cryptocurrencies. does someone there hope to earn some quick $$$ from shorting bitcoin (profit motive), or are they doing it to cool down a bubble (protect chinese investors motive)?
Because Bitcoin and ICO are the main mechanism to get money out of China, with overseas cash withdraw very limited for Chinese citizens, with 50% of millionnaires in China wanting to leave ( http://bit.ly/2uzYLyu ) (and the other 50% already having left probably), and with Chinese government cracking down on real estate/insurance tactics to move money out. But it's really doubtful they can prevent bitcoin from transf…
btw if you want to make real money, figure out how to help Chinese millionnaires move money out of China
Re: Bitcoin Tumbles as PBOC Declares Initial Coin Offerings Illegal
#7Strange title considering Ethereum tumbled from nearly $400 to $275 because of the ban.
Re: Bitcoin Tumbles as PBOC Declares Initial Coin Offerings Illegal
#8Good. We only need 1 or 2 e-currencies. Ppl have to accept the fact that they missed the boat with bitcoin and ether.
Re: Bitcoin Tumbles as PBOC Declares Initial Coin Offerings Illegal
#9Earlier quoted context omitted.
Because Bitcoin and ICO are the main mechanism to get money out of China, with overseas cash withdraw very limited for Chinese citizens, with 50% of millionnaires in China wanting to leave ( http://bit.ly/2uzYLyu ) (and the other 50% already having left probably), and with Chinese government cracking down on real estate/insurance tactics to move money out. But it's really doubtful they can prevent bitcoin from transf…
btw if you want to make real money, figure out how to help Chinese millionnaires move money out of China
That's crypto's primary use case already.