Imagine that after ppl have burnt their fingers using toasters the state decides to ban toasters. A week later online shops have to stop business within 2 weeks. Some online shops may stay in business for an additional month because they've never sold toasters....
Luckily there's Bisq..
Lucky me for living in Switzerland.
I bet in the long run Chinese government will cut their own flesh, IF they really keep up the ban. Ppl WILL find a way around. No government can design the future. Imo cryptos will be the future of payment.
Don't buy into the FUD man. China isn't going to ban Bitcoin or cryptocurrency anytime soon. That you can put your money on. They are not stupid!
Yes I think so too. China saw the opportunity in bitcoin and is maximizing a way to earn from it. They strategically create news that manipulates the value. Well guess what, it didn't. They have just manipulated the nervous small holder but not us. They did not close the exchange exactly they are just uspending it for having no license. But it will be soon resolve.
Job well done to china bitcoin decrease really deep.