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Topic: China just made Bitcoin pretty useless within China - page 2. (Read 12562 times)

hero member
Activity: 826
Merit: 501
in defi we trust
Reports coming that Baidu/China Telecom have stopped accepting Bitcoin. All those people who badmouthed me can kiss my a$$.

You really need to read more than headlines, you just keep making yourself look like a fool.

Look like a tool? Im the first person on these forums to call this China thing major bad news and predict a slide down to the mid hundreds. Now go troll somewhere else idiot.

Modesty at it's best.
full member
Activity: 364
Merit: 100
Justice as a Service Infrastructure
Reports coming that Baidu/China Telecom have stopped accepting Bitcoin. All those people who badmouthed me can kiss my a$$.

You really need to read more than headlines, you just keep making yourself look like a fool.

Look like a tool? Im the first person on these forums to call this China thing major bad news and predict a slide down to the mid hundreds. Now go troll somewhere else idiot.
sr. member
Activity: 252
Merit: 250
Well, my business partner in China read the article and got back to me.

Here is a direct quote from a Chinese business man in China

"That is Remind dangerous  only. No constraints  .so btc is ok for china "

Baidu already stopped accepting bitcoins. And unfortunately baidu's decisions have more impact to the price than your friend  Embarrassed

I'm not trying to impact price.  Thanks for jumping to the conclusion that I'm naive enough to think a short statement like that would make a difference.
All I'm saying is that the western interpretation is not in line with the Chinese interpretation. 

And all i 'm saying is that the the only valid chinese interpretation is baidu's interpretation. And baidu decided to remove bitcoins because they don't want to use it anymore as a currency for services.
full member
Activity: 189
Merit: 100
Hello
Reports coming that Baidu/China Telecom have stopped accepting Bitcoin. All those people who badmouthed me can kiss my a$$.

Baidu was accepting a 10% preorder on one specific model of phone.  A whopping 1.6 btc was received by them, conclusion = no effect anyway

Baidu?
Wasn't that a retailer of China telecom ?

They were offering to do 10% down payment on a phone and you they host a "cloudflare" like service that was available too.  If anything about their received balance tells me that China is not buying BTC to spend
hero member
Activity: 826
Merit: 501
in defi we trust
Reports coming that Baidu/China Telecom have stopped accepting Bitcoin. All those people who badmouthed me can kiss my a$$.

Baidu was accepting a 10% preorder on one specific model of phone.  A whopping 1.6 btc was received by them, conclusion = no effect anyway

Baidu?
Wasn't that a retailer of China telecom ?
full member
Activity: 189
Merit: 100
Hello
Reports coming that Baidu/China Telecom have stopped accepting Bitcoin. All those people who badmouthed me can kiss my a$$.

Baidu was accepting a 10% preorder on one specific model of phone.  A whopping 1.6 btc was received by them, conclusion = no effect anyway
hero member
Activity: 644
Merit: 500
One Token to Move Anything Anywhere
Until it gets banned outright it's not useless to the Chinese at all. 99% of them are investing in bitcoin as if they were opening a high-interest savings account. That won't stop until an outright ban, which is not on the table at the moment.
legendary
Activity: 1512
Merit: 1000
Reports coming that Baidu/China Telecom have stopped accepting Bitcoin. All those people who badmouthed me can kiss my a$$.

You really need to read more than headlines, you just keep making yourself look like a fool.
full member
Activity: 624
Merit: 125
alcedoplatform.com
Well, my business partner in China read the article and got back to me.

Here is a direct quote from a Chinese business man in China

"That is Remind dangerous  only. No constraints  .so btc is ok for china "

Baidu already stopped accepting bitcoins. And unfortunately baidu's decisions have more impact to the price than your friend  Embarrassed

I'm not trying to impact price.  Thanks for jumping to the conclusion that I'm naive enough to think a short statement like that would make a difference.
All I'm saying is that the western interpretation is not in line with the Chinese interpretation. 
sr. member
Activity: 252
Merit: 250
Well, my business partner in China read the article and got back to me.

Here is a direct quote from a Chinese business man in China

"That is Remind dangerous  only. No constraints  .so btc is ok for china "

Baidu already stopped accepting bitcoins. And unfortunately baidu's decisions have more impact to the price than your friend  Embarrassed
full member
Activity: 624
Merit: 125
alcedoplatform.com
Well, my business partner in China read the article and got back to me.

Here is a direct quote from a Chinese business man in China

"That is Remind dangerous  only. No constraints  .so btc is ok for china "
sr. member
Activity: 532
Merit: 261
­バカ
tl;dr

So China created this bubble? They all got in (price goes up) and now they want out due to laws or regulations (price goes down).

Sorta funny actually.

and we are going to see things like this happening "hundred" of times in the future, but bitcoin we'll win at some point Smiley
full member
Activity: 182
Merit: 100
tl;dr

So China created this bubble? They all got in (price goes up) and now they want out due to laws or regulations (price goes down).

Sorta funny actually.
sr. member
Activity: 252
Merit: 250
Reports coming that Baidu/China Telecom have stopped accepting Bitcoin. All those people who badmouthed me can kiss my a$$.

Baidu and China Telecom never accepted Bitcoin.
There was a small service from a company acquired by Baidu this year and a local dealer of China Telecom.

It's the signal that these companies are pulling out that is significant.  Especially on the heels of yesterdays news.  People can try to down play it if they want and maybe it will turn out to be no big deal but me thinks there is nothing bullish about this.  China is largely responsible for this run up to $1k+ so if they are backing out, where does that leave the true value of Bitcoin?
full member
Activity: 364
Merit: 100
Justice as a Service Infrastructure
Reports coming that Baidu/China Telecom have stopped accepting Bitcoin. All those people who badmouthed me can kiss my a$$.

Baidu and China Telecom never accepted Bitcoin.
There was a small service from a company acquired by Baidu this year and a local dealer of China Telecom.

You know what I mean
hero member
Activity: 826
Merit: 501
in defi we trust
Reports coming that Baidu/China Telecom have stopped accepting Bitcoin. All those people who badmouthed me can kiss my a$$.

Baidu and China Telecom never accepted Bitcoin.
There was a small service from a company acquired by Baidu this year and a local dealer of China Telecom.
full member
Activity: 364
Merit: 100
Justice as a Service Infrastructure
Reports coming that Baidu/China Telecom have stopped accepting Bitcoin. All those people who badmouthed me can kiss my a$$.
newbie
Activity: 37
Merit: 0
I'm not particularly bullish/bearish in the mid term, but even so, I'm personally inclined to interpret major news outlets and government agencies expending their time and energy drafting carefully worded tracts explaining why bitcoin is a ponzi scheme, can't possibly work, should be banned or strictly regulated, is going to crash soon, etc., as a bullish indicator.
full member
Activity: 231
Merit: 100
That does look good but what % of those merchants are keeping coins?

What does that matter?

Ever since I first joined this forum I've seen bears complain that Bitcoin was held up only by speculation and hoarding.  Now we see the opposite complaint?
The difference is one there is actual product for bitcoin exchange the other is earlier investors buying products with their new wealth that is purely investment gains and the merchants simply cash it into fiat right away.

I suppose if they hoarded those coins instead of cashing out to fiat some bear around here would complain about merchants hoarding coin.
legendary
Activity: 896
Merit: 1006
First 100% Liquid Stablecoin Backed by Gold
That does look good but what % of those merchants are keeping coins?

What does that matter?

Ever since I first joined this forum I've seen bears complain that Bitcoin was held up only by speculation and hoarding.  Now we see the opposite complaint?
The difference is one there is actual product for bitcoin exchange the other is earlier investors buying products with their new wealth that is purely investment gains and the merchants simply cash it into fiat right away.
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