Author

Topic: I feel bad for Chinese sellers right now (Read 743 times)

donator
Activity: 980
Merit: 1004
felonious vagrancy, personified
December 17, 2013, 01:21:54 AM
#3
Big market for smuggling BTC to China soon.

There is and has been a big market for smuggling any bearer financial instrument into China.  It's pretty much automatic when you have a non-convertible currency.
sr. member
Activity: 476
Merit: 250
December 17, 2013, 01:14:04 AM
#2
If China takes the final step and actually bans buying BTC, the off-market price for them in China will go through the roof.  Big market for smuggling BTC to China soon.  Gonna be a lot of people kicking themselves.

I don't think that they sell to buy back later at higher price in a black market or something  Roll Eyes
sr. member
Activity: 253
Merit: 1596
DTCxNMC
December 17, 2013, 12:38:19 AM
#1
If China takes the final step and actually bans buying BTC, the off-market price for them in China will go through the roof.  Big market for smuggling BTC to China soon.  Gonna be a lot of people kicking themselves.
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