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Topic: [2014-04-12] Bank of China Governor Says Banning Bitcoin is Out of the Question (Read 868 times)

legendary
Activity: 3920
Merit: 2349
Eadem mutata resurgo

look @ bitstamp... doesn´t their logo look like a stamp?? than you might know how they got this idea... and yes one could say it is a collectible asset....


... yes, bitcoin is a collectible. Possibly they could be further classified as "curios" or even "manufactured collectibles" ... manufactured curios?
sr. member
Activity: 868
Merit: 250
So it's April 15 in China already. Didn't want the PBoC according rumors ban BTC completely that day?
legendary
Activity: 2338
Merit: 1035
Chinese Gov is secretly buying up cheap BTC?  Grin

No. No one is buying up large amounts of BTC right now. Look at the order books of the major exchanges. That is why the demand is low. If someone starts hoarding BTC in significant amounts, then the price will quickly rise.


We have just visited the bottom..
full member
Activity: 280
Merit: 100
Chinese Gov is secretly buying up cheap BTC?  Grin

No. No one is buying up large amounts of BTC right now. Look at the order books of the major exchanges. That is why the demand is low. If someone starts hoarding BTC in significant amounts, then the price will quickly rise.

or they could just be buying in small orders... without buying up the bid
legendary
Activity: 3766
Merit: 1217
Chinese Gov is secretly buying up cheap BTC?  Grin

No. No one is buying up large amounts of BTC right now. Look at the order books of the major exchanges. That is why the demand is low. If someone starts hoarding BTC in significant amounts, then the price will quickly rise.
legendary
Activity: 2114
Merit: 1040
A Great Time to Start Something!
Chinese Gov is secretly buying up cheap BTC?  Grin
hero member
Activity: 588
Merit: 500

look @ bitstamp... doesn´t their logo look like a stamp?? than you might know how they got this idea... and yes one could say it is a collectible asset....


i never noticed that... good point! i wonder what happened there....
they might have some sort of guardian...
full member
Activity: 280
Merit: 100

look @ bitstamp... doesn´t their logo look like a stamp?? than you might know how they got this idea... and yes one could say it is a collectible asset....


i never noticed that... good point! i wonder what happened there....
hero member
Activity: 588
Merit: 500

look @ bitstamp... doesn´t their logo look like a stamp?? than you might know how they got this idea... and yes one could say it is a collectible asset....
global moderator
Activity: 3990
Merit: 2717
Join the world-leading crypto sportsbook NOW!
Quote
Bitcoin is more a kind of tradable and collectible asset, such as stamps rather than a payment currency
.

I don't really understand how they can say that. Just because it isn't issued by a central bank doesn't make it less valid as a currency or payment medium. If people are using it to buy and sell things, then it's a currency. And I think stamps are considered legal tender in some places.
full member
Activity: 280
Merit: 100
coinreport made a good call few days ago when they said china is not banning bitcoin..  Cool kudos https://coinreport.net/governor-pboc-no-banning-bitcoin/
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