Quote from: 1Referee on November 09, 2016, 09:22:33 AM

Quote from: BitSquare on November 09, 2016, 08:02:49 AM

I think the Chinese speculators will affect the price of bitcoin quite a lot. If they are not allowed to own bitcoin, the price will drop.

They have been affecting the price for years now. Also, a lot of these Chinese speculators are western investors trading in China due to the zero fee policy of the exchanges there. If China makes it more difficult for these investors to continue their usual routine, then they will switch back to western exchanges. In that regard, they do have a plan B ready. It won't be the same as operating their investments from China, but it's better than shutting down everything.

Personally, I don't think there are many Western investors on these exchanges. I was thinking about trading there somewhere around a year and a half ago, but some of them didn't even have readable English interface at that time. Besides that, why would such investors want to trade there if the only fiat currency traded on these exchanges is the Chinese yuan?

Maybe, something has changed since then, but not likely