Topic: BitCoin Stronger than I thought....forced Chinese Govt to act and Gamble (Read 1763 times)

Yeah, just like they crushed torrents or drug trade, right? Thanks to the power of the state nobody plants weed, nobody pays for sex and nobody has illegal software.

Yeah, jubalix, stop dreaming. They'll crush Bitcoin, just like they crushed illegal downloads, drugs, and most importantly, the same way the big powers have always crushed ideas, mostly by burning some books 

You think bitcoin is stronger than china or other super power’s central banks then really you are living in your own fantasy world. Jubalix come to reality where bitcoin is nothing in front of the big powers like china, USA, UK and Russia etc. These big countries may crush bitcoin forever if they wish to crush it. Stop day dreaming 

if you see it like this: yes, amazing. nobody even thought of this at the begin of 2013 

world is a big place. bitcoin can go everywhere if it has to but i guess it will find its place all over the world.

This will sound really stupid to you... but what do you mean?

bitcoin too stronk

You still like a boy playing with your toys. American versus China is a show to keep you thinking that the elite of the world don't work together.

China hasn't banned anything w.r.t. to Bitcoin that isn't banned in the USA.

This entire media manipulation is to drive the price down so the institutions can buy into Bitcoin before they drive the price skyhigh.

Yep. China says they don't fear American aircraft carriers, but they do fear Bitcoin. America has a weapon if they choose to use it.

You are right, somehow whole world dances to the chinese music.  I'm just watching this with bitterness asking myself who are those selling below $500. You ppl want to commit financial suicide your choice, BTC is clearly worth more.

So with only a $10B mk cap bitcoin is powerful enough to not only command the attention of the Chinese Gov but repeatedly forced them act. Something that was released open source 4 years ago, manages to come this far.

The Chinese Gov are pretty much out of ban options now and they still can't turn off BTC

The Chinese people are going watch BTC go to 10K per coin within the next 1-2 years, then 100K a few years after that. This will break the credibility of the BOC and monetary system/RMB. Probably for the first time in the Party's History there will be a public un cenosorable display of the the central Govt being crushed.

CNY Gov has taken a short view in exchange for long term risk and manged to glue a good % of their populations eyes to BTC. If thee CNY Gov could have attacked BTC itself, then ok maybe they have point. However they have only been able to go after exchanges and banks.

I for one see this as the strongest possible vote in a great future for BTC/CC's

And if this was not enough the pace of evolution going on it the Crypto space is massive, this is going to throw up stronger and stronger solutions, with more usability. The writings on the wall.

The only possible caveat to this is if the CNY gov knows all this and has shaken out the market for cheap coins, but that's still the strongest possible vote of confidence in BTC


Foot note 1
looks like Exchanges are now legal in Denmark.  
Denmark is going to see a dramatic rise in income/funds entrepreneur

Foot note 2
I recall some time ago China tried to ban something else, that didn't work out so well.