Re: China crackdown on BTC and will support its own cryptocurrency
This is not news, and how many times have bitcoin and the cryptocurrency space have survived Chinese bluffs and bullshit? 3 or 4? With the amount of new money flowing in to bitcoin, it's safe to say that losing a significant portion of Chinese traders is bearable and bitcoin would just recover with the number of new traders and money pouring in every single day.
Thanks Dude for your insight. We all know that Chinese are business tactician whether it is a bluff or not but the effect still bloody.
I disagree. They patronize other countries' works and try to imitate it at the best of their abilities. It's their communist government who are strict on their policies and rules, but the majority of the Chinese people I knew don't like how their leaders are doing. Ever wonder why most successful Chinese businessmen are from different countries and not in China?
Yes agree with this that many Chinese are successful outside China but don't you believe that those Chinese majority of them their income they still transfer to China. If you were in China you can felt their nationalism it is just a media portray it in other way around.