Post
Topic
Board Bitcoin Discussion
Re: effect of china on bitcoin
by
xebecstyx
on 23/10/2017, 17:09:51 UTC
how badly could banning of bitcoins in china affect the bitcoin market and cryptocurrency?Huh

I think it has an effect one way or another; however, given that bitcoin is a currency, that, as you can say, has no nationality. Then, it would still prosper in many other places. It's affect would maybe come from the fact that China is a big player in the market, whether in the currency industry or in the stock market. However, I think, in due time, China will lift that ban since the recognition of bitcoins has been increasing more than ever. Also, maybe it's China's way to let their own digital currencies to prosper in the market, because evidently, it's not getting much attention.