[2015-09-03] Chinese Capital Controls May Create Next Bitcoin Boom

okae

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northern exposure

Quote from: RustyNomad on September 03, 2015, 04:12:46 PM

I've always been of the opinion that mass adoption of bitcoin will be driven by governments either through them devaluing their currencies to a worthless level and or by taking financial 'freedoms' away from its citizens.

who know?, maybe thats exactly what they are currently doing from the shadow?, that's my "fear", underestimate the governments, they are always trying to control everything, we should never forget that.

botany

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Quote from: RustyNomad on September 03, 2015, 04:12:46 PM

I've always been of the opinion that mass adoption of bitcoin will be driven by governments either through them devaluing their currencies to a worthless level and or by taking financial 'freedoms' away from its citizens.

Some countries in South America is already prime examples of this. The problem however is when they 'outlaw' bitcoin and through that make all bitcoin users 'criminals'.

The South American countries have a laissez faire attitude and do not really clamp down on Bitcoin, even if they have capital controls. You can expect China to be ruthless in this aspect.

RustyNomad

sr. member

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I've always been of the opinion that mass adoption of bitcoin will be driven by governments either through them devaluing their currencies to a worthless level and or by taking financial 'freedoms' away from its citizens.

Some countries in South America is already prime examples of this. The problem however is when they 'outlaw' bitcoin and through that make all bitcoin users 'criminals'.

Bit_Happy

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A Great Time to Start Something!

Quote from: tyz on September 03, 2015, 01:36:14 PM

Decentralized Bitcoin and altcoin exchange InstandDex will be released soon, so there would be an alternative if centralized exchanges will shut down by authorities.

Quote from: botany on September 03, 2015, 12:44:26 PM

Quote from: tyz on September 03, 2015, 12:14:56 PM

Over the past year, investment money has been flowing out of China’s markets at a record pace, creating great instability in not just China, but globally. The largely state-controlled economy has seen new measures to stem the tide, and massive capital controls may be on the horizon, creating a great opportunity for Bitcoin to peak as it did in 2013, according to ZeroHedge.

http://cointelegraph.com/news/115222/chinese-capital-controls-may-create-next-bitcoin-boom

If massive capital controls do come, bitcoin exchanges would also be on the radar.
You can be sure that there will be a clampdown on Bitcoin as well.

"Decentralized" doesn't really help if you cannot move money freely.
How do you get fiat money into (and out of) the decentralized Bitcoin and altcoin exchange?

tyz

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Decentralized Bitcoin and altcoin exchange InstandDex will be released soon, so there would be an alternative if centralized exchanges will shut down by authorities.

Quote from: botany on September 03, 2015, 12:44:26 PM

Quote from: tyz on September 03, 2015, 12:14:56 PM

Over the past year, investment money has been flowing out of China’s markets at a record pace, creating great instability in not just China, but globally. The largely state-controlled economy has seen new measures to stem the tide, and massive capital controls may be on the horizon, creating a great opportunity for Bitcoin to peak as it did in 2013, according to ZeroHedge.

http://cointelegraph.com/news/115222/chinese-capital-controls-may-create-next-bitcoin-boom

If massive capital controls do come, bitcoin exchanges would also be on the radar.
You can be sure that there will be a clampdown on Bitcoin as well.

botany

legendary

Activity: 1582

Merit: 1064

Quote from: tyz on September 03, 2015, 12:14:56 PM

Over the past year, investment money has been flowing out of China’s markets at a record pace, creating great instability in not just China, but globally. The largely state-controlled economy has seen new measures to stem the tide, and massive capital controls may be on the horizon, creating a great opportunity for Bitcoin to peak as it did in 2013, according to ZeroHedge.

http://cointelegraph.com/news/115222/chinese-capital-controls-may-create-next-bitcoin-boom

If massive capital controls do come, bitcoin exchanges would also be on the radar.
You can be sure that there will be a clampdown on Bitcoin as well.

tyz

legendary

Activity: 3360

Merit: 1533

Over the past year, investment money has been flowing out of China’s markets at a record pace, creating great instability in not just China, but globally. The largely state-controlled economy has seen new measures to stem the tide, and massive capital controls may be on the horizon, creating a great opportunity for Bitcoin to peak as it did in 2013, according to ZeroHedge.

http://cointelegraph.com/news/115222/chinese-capital-controls-may-create-next-bitcoin-boom

Topic: [2015-09-03] Chinese Capital Controls May Create Next Bitcoin Boom (Read 482 times)