Bobby Lee - BTC China

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Last quote by Bobby Lee

Who's next, Washington, Jefferson? So foolish!feedback
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Aug 17 2017 Trump Presidency
We can learn a lot about a person if we know what types of things he or she talks about or comments on the most frequently. There are numerous topics with which Bobby Lee is associated, including China and United States. Most recently, Bobby Lee has been quoted saying: “It's not a problem. If you think about it, the volatility is natural for an asset class that is so new. There's no price discovery for it (yet)” in the article The case for investors sticking out the volatility in bitcoin and ethereum.
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Bobby Lee quotes

Jan 11 2017 - 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

Jan 09 2017 - Bitcoin

If I pack a suitcase and take a plane to the United States, do the clothes, does the computer in my suitcase, does the watch I wear count towards capital flight? Where do you draw the line?feedback

Jan 09 2017 - Bitcoin

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 $50,000 (forex) quota, but that's a drop in the bucket.feedback

Jan 04 2017 - Bitcoin

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

Jan 04 2017 - Bitcoin

Compared to all the other assets, especially things like gold, stocks, real estate, $16 billion is just a drop in the bucket.feedback

Jan 02 2017 - Uber

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

Dec 07 2016 - Bitcoin

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

Jun 26 2014 - Bitcoin

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

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