BTCchina released a notify that it will close all the trade on Sept. 30th. Then BTC price on this platform was down less than CNY18000 hurriedly.
I saw the tweet, it seems to be confirmed already:
https://twitter.com/YourBTCC
The good news is, it cannot get worse than that. The news are finally official, at least one of the big Chinese exchanges is down. Then so what? there's nothing beyond that. Sure they can keep banning every single exchange on China, but the damage will eventually be all absorbed by the bitcoin market. We already saw the only exchange on earth back then (MtGox) going bust, we crashed heavily, then we recovered. If we survived that, how can't we survive China banning some markets? we have exchanges all over the world in 2017, so who cares.
China is doing what they think IS RIGHT that can help their country's economy by stopping people from investing on cryptocurrency. Well, good for them! Bitcoin will survive with China or without it. The rest of the world will continue to use bitcoin because it fast, secure, decentralized and low transaction fee. Let china go that will not be the end of the world?
