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Topic: US Gov't Report: China is Threat to Global Bitcoin Economy! (Read 740 times)

sr. member
Activity: 308
Merit: 250
False news. This won't affect the price of bitcoin much.
sr. member
Activity: 406
Merit: 250
I think it is the other way around. Bitcoin is a threat to China. When a government loses the ability to manipulate the currency of it's citizens it also loses the ability to manipulate those same citizens.   
hero member
Activity: 504
Merit: 500
Does anyone agree with the U.S. Government stating that "China is Threat to Global Bitcoin Economy"?
I don't think China is a threat to its Global Bitcoin Economy.
It is affecting the Bitcoin price but it's not going to cause huge problem to make the Bitcoin Economy on major downslide.
It had an impact on China's Bitcoin economy but it's certainly not out.
Actually other Asian locations such as Hong Kong, South Korea, and Singapore have benefited from China's Government action.
So it doesn't affect a threat to Global Bitcoin Economy.

What do you guys think?

http://www.coindesk.com/us-government-report-china-threat-bitcoin-economy

Pure Nonsens. They want to bring the price down the  the banks can buy in.

In Scottland where the fiirst bankers are from the banks are interested in BTC and altcoins.

The price will go straight up when this happens. Rount abot 6 billion US Dollar is badly undervalued atm.

That drives the U.S. gov crazy;-)
member
Activity: 71
Merit: 10
Does anyone agree with the U.S. Government stating that "China is Threat to Global Bitcoin Economy"?
I don't think China is a threat to its Global Bitcoin Economy.
It is affecting the Bitcoin price but it's not going to cause huge problem to make the Bitcoin Economy on major downslide.
It had an impact on China's Bitcoin economy but it's certainly not out.
Actually other Asian locations such as Hong Kong, South Korea, and Singapore have benefited from China's Government action.
So it doesn't affect a threat to Global Bitcoin Economy.

What do you guys think?

http://www.coindesk.com/us-government-report-china-threat-bitcoin-economy
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