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Posts: 57

Governor

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Q: Why are Chinese want to invest in Bitcoins?

if true, is crazy. 

10 years 16 weeks ago in  General  - Other cities

 
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Posts: 9631

Emperor

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BitCoin hides your money from the Chinese government. Many richer people invest in things like art, gold bars etc because the memory of the cultural revolution means they fear they can one day have all valuables taken away from them. BitCoins will remain (until the hoaxters behind bitcoin chose to cash in of course, but the CCP can hardly get the blame for that)

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10 years 16 weeks ago
 
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Shifu

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Somebody like to gamble.

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10 years 16 weeks ago
 
Posts: 298

Governor

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Because they crave for freedom, don't believe in the system and are willing to trust a free currency that's not easy to manipulate by central banks, out of pure conviction and high principles.

 

 

 

 

 

 

 

Nah, kidding, it's for tax evasion and because their control freak of a government won't let them brainlessly speculate on real estate.

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10 years 16 weeks ago
 
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Shifu

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Because people want to earn profits through buying low and selling high?

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10 years 16 weeks ago
 
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Emperor

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It is a bad day for Bitcoin investors. This news made the rate drop http://www.reuters.com/article/2013/12/05/china-bitcoin-idUSL4N0JK1KZ20131205

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10 years 16 weeks ago
 
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Governor

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when bit coin first came out, i didnt know what to think of it. then things started looking real bad. i think a mayor in the west had started to get paid in bit coins, and now obviously shills are portraying it in a positive light. i didnt have an opinion about it before, but now i think it's a bad idea. thanks for clearing it up. since China controls the flow of hot money, maybe western regimes will try to use bit coins to circumvent that

Scandinavian:

"You" and "facts" are not good friends I see

 

http://www.foxnews.com/us/2013/12/05/struggling-kentucky-coal-town-looks-to-bitcoin-to-spur-economy/

 

So the story goes. The mayor and the police chief donated their salary to a bitcoin account to help the local community. .

10 years 16 weeks ago
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10 years 16 weeks ago
 
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You can track the Chinese BitCoin investment here http://fiatleak.com/

 

A rather slow day so far. Had it open 10 mins and no CNY has be turned into BitCoin yet. 

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10 years 16 weeks ago
 
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