BitOffer: Chinese PBOC token on the way, which would boost Bitcoin tenfold

[Cici Lee]

Source from BitOffer Institute

The Industrial and Commercial Bank of China (ICBC), Agricultural Bank of China (ABC), Bank of China (BOC) and Construction Bank of China (CCB) have participated in the internal testing of a digital currency APP which released by People's Bank of China (PBOC). At present, some internal employees of these Banks have started to use APPS for transfer and payment, etc.

To register the App, users need to open a digital wallet at one of the four Banks. The digital wallet is attached to each bank's account, and users can recharge their funds into the wallet, which can be either online banking or card binding. This "digital currency" can realize recharge, withdrawal, transfer, scan code consumption and other functions. The transfer can be carried out by the other party's mobile phone number, and the transfer function is being tested without network. The payment logic is similar to third-party payment such as WeChat and Alipay, where users can scan QR code to pay each other.

The digital currency DCEP of the PBOC has been developed since 2014, and its main purpose is to replace M0 and the function of cash. It borrows from the UTXO model of Bitcoin, and adopts the dual offline technology in payment. In other words, both parties can complete the transfer and payment through touch or scan even without the network.

China's Top four Banks testing PBOC digital currency APP reflects China's expectation of encryption's value.

Lucian, the chief analyst at BitOffer exchange thought, the action that top four banks of China testing the PBOC digital currency could drive the BTC prices go rising. As this year is the third time of BTC halving, the Bitcoin block rewards have been cut from 12.5 to 6.25 BTC, which will accelerate the scarcity of BTC. As mining becomes more difficult and demand for Bitcoins outstrips supply, the value of bitcoins rises.

As the top four banks led by testing the PBOC token, people's perception of encryption currencies will continue to improve, and Bitcoin as the top cryptocurrency, will naturally get more attention. The increased consensus will fuel a surge in the price of bitcoin, the Bitcoin bull market could drive the price of bitcoin up tenfold, at current bitcoin prices, that would be more than $100,000. So now is the perfect time to buy bitcoin.

However, buying BitOffer's Bitcoin ETF is better than buying a future, in which profits start at a minimum of three times. Besides, it also includes an intelligent dynamic position reallocation mechanism and the calculation of fund compound interest with the returns of up to 17 times.

If you buy BTC for $10,000, and ETH goes up tenfold, you can maximum make a fivefold profit, Which from $10,000 to $100,000. But buying BTC3X is a different story. Once BTC increases tenfold, you can make up to 170 times, which would be from $10,000 to $1,700,000. Buying the Bitcoin ETF would be a better deal.

[Gurujebs]

ETF are good to hold especially where there is no liquidation. There is more gains than holding actual bitcoin, but when price reduce, you loss 3 times the value which most investors wouldn't really like because of it volatility

[gunhell16]

Source from BitOffer Institute

The Industrial and Commercial Bank of China (ICBC), Agricultural Bank of China (ABC), Bank of China (BOC) and Construction Bank of China (CCB) have participated in the internal testing of a digital currency APP which released by People's Bank of China (PBOC). At present, some internal employees of these Banks have started to use APPS for transfer and payment, etc.

To register the App, users need to open a digital wallet at one of the four Banks. The digital wallet is attached to each bank's account, and users can recharge their funds into the wallet, which can be either online banking or card binding. This "digital currency" can realize recharge, withdrawal, transfer, scan code consumption and other functions. The transfer can be carried out by the other party's mobile phone number, and the transfer function is being tested without network. The payment logic is similar to third-party payment such as WeChat and Alipay, where users can scan QR code to pay each other.

The digital currency DCEP of the PBOC has been developed since 2014, and its main purpose is to replace M0 and the function of cash. It borrows from the UTXO model of Bitcoin, and adopts the dual offline technology in payment. In other words, both parties can complete the transfer and payment through touch or scan even without the network.

China's Top four Banks testing PBOC digital currency APP reflects China's expectation of encryption's value.

Lucian, the chief analyst at BitOffer exchange thought, the action that top four banks of China testing the PBOC digital currency could drive the BTC prices go rising. As this year is the third time of BTC halving, the Bitcoin block rewards have been cut from 12.5 to 6.25 BTC, which will accelerate the scarcity of BTC. As mining becomes more difficult and demand for Bitcoins outstrips supply, the value of bitcoins rises.

As the top four banks led by testing the PBOC token, people's perception of encryption currencies will continue to improve, and Bitcoin as the top cryptocurrency, will naturally get more attention. The increased consensus will fuel a surge in the price of bitcoin, the Bitcoin bull market could drive the price of bitcoin up tenfold, at current bitcoin prices, that would be more than $100,000. So now is the perfect time to buy bitcoin.

However, buying BitOffer's Bitcoin ETF is better than buying a future, in which profits start at a minimum of three times. Besides, it also includes an intelligent dynamic position reallocation mechanism and the calculation of fund compound interest with the returns of up to 17 times.

If you buy BTC for $10,000, and ETH goes up tenfold, you can maximum make a fivefold profit, Which from $10,000 to $100,000. But buying BTC3X is a different story. Once BTC increases tenfold, you can make up to 170 times, which would be from $10,000 to $1,700,000. Buying the Bitcoin ETF would be a better deal.

What is this prediction or just speculations came from you? It's so nice to hear that Bitcoin will end of price this year at 100, 000$ up to 17M$ if I am not mistaken with my understanding to your explanation. This is actually a very huge amount of price each Bitcoin. I do hope that it will become happen in the future. By the way, the site of Bitoffer server is not loading properly, I mean not found.

[comer]

Source from BitOffer Institute

The Industrial and Commercial Bank of China (ICBC), Agricultural Bank of China (ABC), Bank of China (BOC) and Construction Bank of China (CCB) have participated in the internal testing of a digital currency APP which released by People's Bank of China (PBOC). At present, some internal employees of these Banks have started to use APPS for transfer and payment, etc.

To register the App, users need to open a digital wallet at one of the four Banks. The digital wallet is attached to each bank's account, and users can recharge their funds into the wallet, which can be either online banking or card binding. This "digital currency" can realize recharge, withdrawal, transfer, scan code consumption and other functions. The transfer can be carried out by the other party's mobile phone number, and the transfer function is being tested without network. The payment logic is similar to third-party payment such as WeChat and Alipay, where users can scan QR code to pay each other.

The digital currency DCEP of the PBOC has been developed since 2014, and its main purpose is to replace M0 and the function of cash. It borrows from the UTXO model of Bitcoin, and adopts the dual offline technology in payment. In other words, both parties can complete the transfer and payment through touch or scan even without the network.

China's Top four Banks testing PBOC digital currency APP reflects China's expectation of encryption's value.

Lucian, the chief analyst at BitOffer exchange thought, the action that top four banks of China testing the PBOC digital currency could drive the BTC prices go rising. As this year is the third time of BTC halving, the Bitcoin block rewards have been cut from 12.5 to 6.25 BTC, which will accelerate the scarcity of BTC. As mining becomes more difficult and demand for Bitcoins outstrips supply, the value of bitcoins rises.

As the top four banks led by testing the PBOC token, people's perception of encryption currencies will continue to improve, and Bitcoin as the top cryptocurrency, will naturally get more attention. The increased consensus will fuel a surge in the price of bitcoin, the Bitcoin bull market could drive the price of bitcoin up tenfold, at current bitcoin prices, that would be more than $100,000. So now is the perfect time to buy bitcoin.

However, buying BitOffer's Bitcoin ETF is better than buying a future, in which profits start at a minimum of three times. Besides, it also includes an intelligent dynamic position reallocation mechanism and the calculation of fund compound interest with the returns of up to 17 times.

If you buy BTC for $10,000, and ETH goes up tenfold, you can maximum make a fivefold profit, Which from $10,000 to $100,000. But buying BTC3X is a different story. Once BTC increases tenfold, you can make up to 170 times, which would be from $10,000 to $1,700,000. Buying the Bitcoin ETF would be a better deal.

What is this prediction or just speculations came from you? It's so nice to hear that Bitcoin will end of price this year at 100, 000$ up to 17M$ if I am not mistaken with my understanding to your explanation. This is actually a very huge amount of price each Bitcoin. I do hope that it will become happen in the future. By the way, the site of Bitoffer server is not loading properly, I mean not found.

there are so many speculations out there but most of it historically will just fail to happen. It is very rare that speculation realized in the future as these words are just steering the mind of crypto lovers. bitcoin price today may seems to increase but we all know that volatility is always on the play for all crypto currency. once it reaches to the pick a correction will take place then price will starting to drop and another speculation again that would sometimes killing BTC or even banishing bitcoin in the marketplace.. We should really take extra careful in examining speculation and that it wold not affect our decision on crytocurrency transactions.

[Noverteno]

I do not think that the emergence of a digitalized Chinese yuan will raise the price of bitcoin so much. It may even turn out the opposite. The digitized yuan as the national stablecoin of China is likely to be in good demand in the Asian region precisely as a means of payment. Therefore, interest in bitcoin as a means of payment will drop significantly. At the same time, Bitcoin ranks 11-14 in China in terms of popularity. The leaders there are EOS, Ethereum and Tron. Most likely, these coins will rise in value.

[syedrasool2011]

I've got just under half my portfolio in ETH.  I just feel like it's got way more room to grow than BTC.  If both go back to all-time highs, that would mean BTC increases 90% but ETH increases 450%.  With 2.0 on the way, and all these altcoins built on top of ETH, I may be wrong... but I think it's going to outpace BTC.  I've also got a solid stack of XTZ & LINK.

[ashraf786100]

It is better to keep it in a special place where there is no conclusion. There are many benefits to using real butt coin, but when the price goes down, you get 3 gin ghats from this price which is better than the price of the car.

[Cici Lee]

Source from BitOffer Institute

The Industrial and Commercial Bank of China (ICBC), Agricultural Bank of China (ABC), Bank of China (BOC) and Construction Bank of China (CCB) have participated in the internal testing of a digital currency APP which released by People's Bank of China (PBOC). At present, some internal employees of these Banks have started to use APPS for transfer and payment, etc.

To register the App, users need to open a digital wallet at one of the four Banks. The digital wallet is attached to each bank's account, and users can recharge their funds into the wallet, which can be either online banking or card binding. This "digital currency" can realize recharge, withdrawal, transfer, scan code consumption and other functions. The transfer can be carried out by the other party's mobile phone number, and the transfer function is being tested without network. The payment logic is similar to third-party payment such as WeChat and Alipay, where users can scan QR code to pay each other.

The digital currency DCEP of the PBOC has been developed since 2014, and its main purpose is to replace M0 and the function of cash. It borrows from the UTXO model of Bitcoin, and adopts the dual offline technology in payment. In other words, both parties can complete the transfer and payment through touch or scan even without the network.

China's Top four Banks testing PBOC digital currency APP reflects China's expectation of encryption's value.

Lucian, the chief analyst at BitOffer exchange thought, the action that top four banks of China testing the PBOC digital currency could drive the BTC prices go rising. As this year is the third time of BTC halving, the Bitcoin block rewards have been cut from 12.5 to 6.25 BTC, which will accelerate the scarcity of BTC. As mining becomes more difficult and demand for Bitcoins outstrips supply, the value of bitcoins rises.

As the top four banks led by testing the PBOC token, people's perception of encryption currencies will continue to improve, and Bitcoin as the top cryptocurrency, will naturally get more attention. The increased consensus will fuel a surge in the price of bitcoin, the Bitcoin bull market could drive the price of bitcoin up tenfold, at current bitcoin prices, that would be more than $100,000. So now is the perfect time to buy bitcoin.

However, buying BitOffer's Bitcoin ETF is better than buying a future, in which profits start at a minimum of three times. Besides, it also includes an intelligent dynamic position reallocation mechanism and the calculation of fund compound interest with the returns of up to 17 times.

If you buy BTC for $10,000, and ETH goes up tenfold, you can maximum make a fivefold profit, Which from $10,000 to $100,000. But buying BTC3X is a different story. Once BTC increases tenfold, you can make up to 170 times, which would be from $10,000 to $1,700,000. Buying the Bitcoin ETF would be a better deal.

What is this prediction or just speculations came from you? It's so nice to hear that Bitcoin will end of price this year at 100, 000$ up to 17M$ if I am not mistaken with my understanding to your explanation. This is actually a very huge amount of price each Bitcoin. I do hope that it will become happen in the future. By the way, the site of Bitoffer server is not loading properly, I mean not found.

www.bitoffer.com/en

[Senin]

I do not think that the introduction of the digital yuan into circulation can lead to a significant increase in the price of bitcoin, much less a tenfold increase in its price.  The emergence of the digital yuan may have more negative than positive for Bitcoin, and this is especially true for the Chinese population.  I think that the digital yuan will gain good popularity in the Asia-Pacific region as a means of payment.  Therefore, the use of other means of payment, including cryptocurrencies, will weaken.  The population will simply see that the new payment system is associated with banks, most of them will never know that it works using blockchain technology and that cryptocurrency uses the same technology.  If there is a certain effect, it will not be so significant as to significantly raise the price of bitcoin, especially tenfold.

[Noverteno]

Judging by the fact that this thread was launched last summer, testing of the Chinese digital yuan is delayed. We periodically discuss its appearance and future successes, but we would like to see it already in practical use. It seems that the Chinese government is preparing for this event thoroughly and there is no need for haste.
  However, it should be noted that the digital yuan is not going to completely displace paper money from circulation, and even the Chinese government warns the population about this.