Post
Topic
Board Trading Discussion
Re: Good news to bitcoin traders.
by
Valzzz005
on 06/10/2017, 22:06:21 UTC
"Chinese government said it is impossible to ban bitcoin that they are just trying to regulate it and they actions should benefits blockchain" https://www.reddit.com/r/Bitcoin/comments/6zzmyy/official_press_of_china_it_is_impossible_to_ban/ for fundamental analysis traders, the best time to buy bitcoin is now as this is the best significant news that come from China after the banned of ico and the fake news or rumor of banned of cryptocurrency exchangers in China.

This news exactly confirms my conviction that governments can't really do anything against bitcoin. Yes, they can declare it illegal but with what reason and above all how can they control all the pcs of the people and anonymous transactions? Impossible!

I told you chinese government cannot do anything to stop the cryptocurrencies especially bitcoins. It is a big industry out there and a lot of big people are involved that they cannot be destroyed. And also they can always benefits in that thing because it is a business. Their economic growth will not be affected because of exploding cryptocurrencies in the country. In fact it can even rise up their status vecause those people in the country who are unemployed will have an alternative job which is bitcoins so poverty will be reduced.