Home›Forums›General Discussion›Buying Bitcoins in China›Re: Buying Bitcoins in China

I’ve almost got 1 whole bitcoin!
I think it’ll be great long-term, the technology behind it seems lasting. As mentioned above it’s fluctuating, however recently it has been fluctuating in the ‘right’ direction – and over it’s history it has a pretty solid record. You can *buy* a lot of coins to transfer, but I think there’s a limit on selling per day – on the big markets like Gox – to like 1000usd/day ? So since it may fluctuate down, you would have to slowly sell out into USD if that was your goal…. there is also a CNY exchange, and since there’s no way for the gov’t to prevent you from transfering bitcoins, you are essentially free of any of the legal red tape to get money out of China via BitCoin. The benefit is – no more red tape, the downside is – no really stable conversion, so selling it as say, a service, to someone, isn’t feasible at the moment.. I thought about that before 😀
Or do what I’d say is probably better long-term, just sit on yer coins if you can 😉