Post
Topic
Board Bitcoin Discussion
Re: Why China is always bad news for bitcoin?
by
gabbie2010
on 29/01/2018, 02:33:07 UTC
This may sound funny but that is the reality. why?
Though the title says it all, you know China was the once the safe haven for bitcoin and bitcoiners.
Then, China started doing something to hurt the bitcoin and cryptocurrency in-general from banning ICOs to cryptocurrency exchanges and now they are after bitcoin miners, again... What is your thought on this matter? Share with us. thanks Smiley
Yes China has a very large population and are major investors I.e  holders  in cryptocurrencies whatever action taken by their government will have a drastic impact on the price of Cryptos recall when Chinese government started clamping down exchanges in the middle of 2017 the price of bitcoin dropped thereafter recovered,  as it is now China government going after miners will compound scaling issues of bitcoin invariably more problems ahead.