Ninjastic
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Board Bitcoin Discussion
Re: China crackdown on BTC and will support its own cryptocurrency
by
monkeydominicorobin
on 10/02/2018, 05:50:51 UTC
Quote from: Tambu on February 03, 2018, 12:32:30 PM
https://www.forbes.com/sites/sarahsu/2017/10/19/will-china-host-the-worlds-biggest-state-backed-digital-currency/#380d56461231

Though the news was on October 2017 but still relevant and could be one of the contributor why there is huge dip of BTC's price recently.
 
Majority of Chinese patronize their own. We cannot deny the fact that there are large of Chinese population in  the market of Cryptocurrency and their absence will be a huge blow to the price of BTC and other cryptocurrencies in generals.


Learning to use a cryptocurrency is different from loving a government sanctioned cryptocurrency. The learning curve will always be steep. Chinese are hard headed people. Adoption and education are two different animals. Their idea is a quicksand. Moronic.