/biz/ - Business & Finance

>https://www.investopedia.com/news/bitcoin-wont-win-worldwide-adoption-because-china-controls-it-ripple-ceo/

serious question though
with china controlling the majority of bitcoin, does this turn the whole crypto currency market into a giant money laundering scam?
i mean at this point, dont they basically control btc value, pumping and dumping at will?
I dont see how this can lead to a real global digital currency without it being the biggest scam in history

I want to use bitcoin to pay for stuff since I get a discount at an online store, but I don't want to hassle with the taxes at the end of the year.

It would be right away after I get my bitcoin I pay / buy something.

I don't do taxes for regular purchases each year, but do you have to do that if you use bitcoin and don't let it sit longer than an hour or so?

anyone know? I save about $10-$15 or so using bitcoin over a credit card on some websites.

It's 100% completely legal. This is nothing even grey area it's basically just regular every day to day purchases, but some websites prefer bitcoin though.