Topic: bank in china surely accepts rmb deposit for btc activities (Read 809 times)

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Invalid link.. whats this all about

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Yes everyone can have a micro tiny pcs of btc but not the time yet

 Cuz btc so cheap.. we can afford a whole of them now till.. maybe 1mth time to 20years time.. anyway it will inc.. thats our point

I always thought about the shortage of bitcoin.  Maybe one day we would be speaking in microbitcoins or satoshi's instead of bitcoins (so everyone could have a piece) 

Well that was for some.. and btw btc allows not ppl in china ultra easy.. but for all of us.. u fool. Thats one of benefits why bitcoin was created..

Guys.. the world population have 7 billion lets just say 1 to 5% of people own even 1.. btc price will be 4 digits..going to 5..and i own hundreds of btc..

Do the maths lol.. 12mil btc.. for 7bil people.. well not all will buy but sure some will buy.. thus what??

Price inc.. there u go..

I'm sorry but what makes you think it is "ordinary" Chinese people buying bitcoin? If that were true, I doubt a $50000 limit on transferring funds out of China would be a problem since no "ordinary" person would have that much to invest anyway. And for the big investors, well do you think they can't just pay people to move around funds? I know several Chinese nationals, right here in the U.S. that have millions of dollars already outside China. Many Chinese professionals who have the big bucks move in and out of China and even live outside of China, owning property all over the world.

This is the argument I keep hearing:Bitcoin is done because:

Chinese investors will give up because of a hassle....... really.

$50000 will be the only money they have access to. .... I disagree, but even if so... do some math please. How many infusions of 50000 would it take to send BTC to "moon" prices?

Well if a million people from China (out of a billion) spent 50000 for BTC there would not be enough BTC to go around at current prices. This would be 50 Billion dollars. Bitcoin would have to be priced at $2400 if they were the only people in the world buying bitcoin. Now think about it. Will a million people want to buy 50000 worth of bitcoin at some point? Well that means $2400 BTC, even if not from China. And this is assuming 21 million BTC exist, which they don't yet. So this is extremely conservative. Holy shit.... we may see $10000 sooner than even I thought.

You can short ETFs and other bitcoin derivatives if they come out. This will only provide a much larger pool of people able to short bitcoins.  

Most investors think bitcoin is a fad, just look at all the comments when bitcoin is featured on mainstream financial news websites.

I think we might have had a mis communication.  I replied to you comment asking what you thought price would be if the etf second market thing happened.  I think you said 500-700.  I said 1k-4k.  

I wasn't talking about buying or anything.

Etf by end of this year dude.. second market says 4th quarter..

Whats good is.. its already an asset in usa..so? Lol buy now if u are smart.. dun buy when prices are high.. low price means lower risk..

I just hear people (on here) saying like 1-4k if a etf or something like that comes in.  I guess around there if that happens.

I think 500 to 700 at least
. Max i duno.. thats what i think..what abt u

What do you think price will be if etc second comes in?

Yup maybe not sudden jump but.. when etf second market comes in.. it will inc again.. last time 2 mths from 200 to 1k usd.. maye this time round it need to take 4 to 6 mths or 1 year but
who cares.. it will inc

Anyway u got no proof that all banks in china will stop btc activities..

All Chinese banks dealing with bitcoin exchanges will eventually close their relationships with them and the industry will go overseas. In China there are capital controls, so no big Chinese fiat injections anymore. In addition, there are fees involved with transferring money overseas and people will have trust issues with places like BTC-e. And lastly, it's too much of a hassle for most ordinary Chinese.

You can say goodbye to Chinese induced moon prices.

Guys pls grow up.. there are many banks in china.. china banks.. overseas banks like dbs ocbc citibank swiss bank.. and to date there is no proof that they are stoping the banks.. its the banks that want to stop themselves.. so.. if bank A cant help u.. go to bank B. Surely there will be a bank that will accept..


Why surely banks will accept? 

Becuz when u wired to the exchaged banks they earn comission. Its a win win situation.. btc makes banks earn money too there is surely a bank who wanna earn this kind of money trust me
Fuck u guys if what i am saying does not make sense