Post
Topic
Board Bitcoin Discussion
Re: What happens to BTC if all countries shut down exchange trading like China?
by
AGD
on 14/09/2017, 15:05:42 UTC
Maybe to zero?

Really you don't have some insights about what will be the value?

How come we can do trades, buy, sell etc. if there is no exchanges? Person to Person? lol.

https://bisq.network/

Hmmm, let me quote something from their own FAQ:

Quote
Will my bank know I’m buying bitcoins?

There have been reports that some banks have closed client accounts when they see that there is Bitcoin activity involved.

The reference text of the bank transfer used to trade with Bisq will include only the Bisq trade ID (which is a random sequence of characters, like many other purchase IDs). Any trader that is not using the exact ID number as reference text of a bank transfer is considered in breach of contract, which will result in dispute resolution.

To avoid problems we recommend setting up a dedicated bank account for buying and selling bitcoins. If the bank were to block this account, it would cause fewer problems for you than if the bank were to block your primary account.

Never mention anything else than the trade reference in the subject field.

So, basically this so called "decentralized' app runs on bank transfers.
What is easier for banks than blocking those accounts ?
Manipulating forex rate is complicating compared to this.

You're far safer using local bitcoins than this .. hell..i'm going to say it... piece of crap..

You might need more info to understand the concept before you call it bad. You sound like Jamie Dillon.