Post
Topic
Board Economics
Re: China banning bitcoin exchages, good or bad?
by
Schuyler
on 28/09/2017, 05:58:09 UTC
It wouldn't affect btc from the long time frame. The btc price is bouncing back. BTC adoption is increasing
as btc ecosystem matures and more user cases are coming out.

This is more bad news from Bitcoin, whose price started to fall after China's regulators said they would ban all ICOs (initial coin offerings) in the country. Let us admit that the price of bitcoin has dropped since the announcement of China. As far as I know,around 3000 websites are blocked by Chinese authorities under the country's policy of Internet censorship.

I guess, the decision of chinese people was wrong.  The chinese people need bitcoin and bitcoin will go on without china. So far, the price of bitcoin is rising again and I am happy with the result