Quote from: Hannahanto on January 22, 2018, 10:00:23 PM

Quote from: Waccamaw on January 22, 2018, 06:41:41 PM

Quote from: anushkasachith888 on January 16, 2018, 10:55:37 AM

Just after the Korean news that Korea going to shut down all Crypto exchanges completely. A similar news coming from China now. here is the link for the news

https://www.coindesk.com/pboc-official-calls-for-wider-ban-on-chinese-crypto-trading-report/?utm_content=buffer291bb&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer

China ban was 2017/4 and cause price down less than 2,000$. some exchange sites stopped.
this news being normally and have 0 effect in the market.
South Korea start same planning to regulate this market.

Yup. Though banning taking place in few countries, obviously adaptation occurs on the other side in countries like, Japan, Russia and Singapore. The authority calls off banning. But if you look at the citizens, the percentage of traders stopped in their countries would be more, but the percentage of the same traders trading from other countries would uplift the values. Every individual who has experience in bitcoin, would never leave earning it via any source even though their respective authority brings rules against bitcoins and other altcoins.

This is something governments do not see, if a trader is making a killing with bitcoin he is not going to stop just because you banned bitcoin trading, he will move his money to other countries to keep making money and now your citizens are still doing the same thing and even worst you are probably not going to get any benefit out of it, this is why I think japan decide to legalize bitcoin instead of issuing a ban.