Quote from: iamTom123 on September 19, 2017, 03:52:19 AM

Quote from: Jake052478 on September 19, 2017, 01:46:40 AM

Yesterday after reading that Japan has opened its way to Bitcoins exchange, many Chinese traders will move to Japan or South Korean exchange market. Not to mention, Hong Kong is also a bitcoin player (Gatecoin). So this trader from China has shifted to other countries to continue to invest in the cryptocurrency. China represented only 10-15 percent of the cryptocurrency market. So even though China has banned the use of Bitcoin... Chinese traders will not stop as they see the future of bitcoins was brighter than ever...

The Chinese people are known to be very creative and resourceful and in this case they can use this great trait to continue doing business with Bitcoin although there are no more exchange allowed to operate within the jurisdiction of China. As long as they can have access to the internet, they can do business using exchanges abroad and this is actually what the internet is for...though now they have to worked on the possible blockage from the government censorship tendencies. China has a freak government who is always afraid of letting their people enjoy the usual freedom other countries are enjoying. I am then hoping that the new generation of leaders that will eventually take over the helm would have an open mind on new changes and new innovations that can take on the issue of control and freedom.

I think it took them many revisions and other cabinet meetings to really ban btc trading. I would agree that many would country just for btc but as far as i know, chinnese businessmen are already scattered around the world. In our country alone there a lot of chinnese businessmen who operates on different corporations. So i think they can still easily attain economic progress even with that btc ban.