Topic: Here is the reason why the Chinese Communist Party is not stopping bitcoin. - page 2. (Read 7992 times)

Not quite true consider the growth of bitcoin if the Chinese invested now as the fact they can participate at a small marginal cost means that in the long run their position will be significant in the ecosystem. I don't see a logical reason why state TV would support bitcoin if that wasn't part of their strategy

Nice delusion. You don't have a clue about relative size.

Wrong they want to remove US hegemony over currency and are using bitcoin as the solution to holding more US DEBT

China doesn't care about bitcoin because they can't move trillions through it. To CPC it's pocket change right now.

QQ hasn't been shutdown. It's gone off-market but it still retains a stable value.

But yes, China will most likely do the same with the cryptocurrencies.

Interesting point OP. I was kinda of wondering why the CCP hasn't done anything to "ban" bitcoin in China. The people of China really need to reform their government. Anything with the word communist in it is simply not good, even if it's by name only. I'm not saying our current elected officials here in the US are good, but it's better than the mess in China.

And what does big money do? It speculates. It goes into housing, gold, and other assets with a goal to seek a return.

What else do you think big money does? It doesn't just sit around... It goes and seeks opportunities, in finance terms, it seeks alpha.

Speculators are the market, big money is the market. It's like when Max Keiser lost millions of dollars because he was the market. Same thing, if we are all the market, then we are all part of the destruction of value.

http://www.youtube.com/watch?v=40xyqt0DidY

Who else do you think the market is? It's us. It's no conspiracy theory. We are all speculating.

lol, speculators have nothing to do with any crash.  it's the big money that's causing crashes and causing rising.

Why would they want to do it anyway?

The chinese already have qq coins. The chinese regard this as "wealth" with less volatility.

The price is going down because speculators are cashing out, not because of scaremongering.

it is becoming widely known, especially among mainland chinese themselves, china will not able to advance past a manufacturing-based economy, due to complete lack of laws, moral, trust and copyrights.

that is why every one of the 1.3 billion chinese are doing everything they can to get foreign passports and move all their family and all their wealth out of china. this is especially apparent in all of china's politicans and rich people.

many finance professionals have come to realize china's economic growth will soon come to hit a wall, losing manufacturing strength to other cheap labor countries yet unable to advance to model based on exchange of services and knowledge.

the chinese communist party, with no legitimacy to rule china, fear above all else any deviation from its current grip - this is widely known and also very true.

therefore the ccp would really want to stop bitcoin, which is going to subvert the state's supremacy and control, right?

right, so why is the ccp not doing anything?

because, the ccp is a humongous millions-plus members dinosour bureaucracy, stuck in its old visions of the world circa u.s.s.r. 1980's.

for it to actually know about bitcoin, understand bitcoin, and actually do something about bitcoin is, my friend, like telling a 1980's kgb officer about twitter and how he should stop it because it would cause uprisings like the arab spring.

that is the reason the chinese communist party is currently not doing anything to stop chinese people from buying bitcoins. and it won't change for quite some time.