Post
Topic
Board Economics
Re: bank on australian allow customers to purchase cryptocurrencies
by
darkangel11
on 10/02/2018, 20:04:26 UTC
news from this country is not very influential, China is still a legit news to make bitcoin bubble. during the Chinese New Year to finished bitcoin doesn't being a bubble

I always hear people repeating this mantra about the Chinese New Year, but last time I checked exchanges were still banned in China. How can the Chinese influence the price of BTC when all miners are moving out to other countries due to the upcoming power consumption limit and traders have already moved to Japan and Hong Kong?

This is good news but I don't think this will be common because cryptocurrency investment is extremely risky so the best thing for banks is avoid giving such services now.

The banks in Australia used to be against Btc, blocking transactions from exchanges and yet we have a bank that decided to change its mind despite the volatility. It mutt not be too risky in their view Tongue