Bobby Lee on Bitcoin

facebook_page
twitter_page

Last quote by Bobby Lee on Bitcoin

There is nothing [the Chinese government] can do. That is the beauty of [bitcoin].feedback
share this quote
Oct 01 2017
Automatically powered by Storyzy
Take our quote verification challenge and find out !

All quotes by Bobby Lee on Bitcoin

We're definitely vigilant. We think we are in compliance with all the current rules and regulations of running a bitcoin exchange in China. I wouldn't call it an investigation. I think they are working closely with us to learn more about our business model and the bitcoin exchange industry. We had a very fruitful meeting today.feedback

For that range, you're not going to be able to do it at a good rate. You're going to lose 10 percent of your money. Maybe the individual household might buy 20,000 more dollars worth of bitcoin than their US$50,000 (forex) quota, but that's a drop in the bucket.feedback

When the existing money system has problems, people turn to bitcoin sort of like people used to go to gold in the old days. Gold is very attractive in the old days. It's something physical, tangible. It's got this nice gold-color luster.feedback

The value of Uber in any city is directly dependent on the number of drivers and number of users – it's not linear, it's exponential. The same is true of the value of bitcoin.feedback

It's the advent of digital currency and with bitcoin there is bound to be more in circulation value in the coming years.feedback

Payment in China is going to be very tricky in terms of bitcoin. The government has come out to say that they discourage or disallow payments. Now, whether that's enforceable is a different question, but because of that policy, that perspective, a lot of merchants are hesitant to accept bitcoin, especially large companies, and in turn, the users have nowhere to pay for things in bitcoin. So that's a chicken and egg problem.feedback

No quotes...
|< <
> >|

Quotes by Bobby Lee on Bitcoin

Quote Verifier
verify-icon
Check if the quote you read on social networks is authentic
facebook_page
twitter_page
This webpage has been created by a robot: errors and absent quotes cannot be totally avoided
 
Feedback×

Quote :

Mistake :

Comments :