Post
Topic
Board Economics
Re: China banning bitcoin exchages, good or bad?
by
alrachid
on 11/09/2017, 22:23:12 UTC
I believe that its a fear hyped campaign to make a new entry point for rich people. I believe that if China bans the exchanges, the coins will have greater scarcity involving a large % of the trading population. There will be less coins floating around being traded, meaning harder to sell, harder to buy. I think the price will increase because the coins will be in fewer hands than previously, a consolidation if you will. I am not selling.