Ninjastic
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Re: China banning bitcoin exchages, good or bad?
by
7Dyoknga5
on 22/05/2018, 08:08:11 UTC
Quote from: lordquanta on September 11, 2017, 10:51:21 AM
Chinese govt has decided to ban the local bitcoin exchanges. [1] This is pretty big news considering one of large market and mining firms are located in China.
Do you think this would affect  bitcoin world and bitcoin price in negative way or positive way?  Some say china is doing so because people are bypassing the banking system and in turn the government regulation using bitcoin.


[1] http://www.marketwatch.com/story/bye-bitcoin-china-to-ban-trading-of-virtual-currencies-2017-09-11

This was only debated as a rumor, some say that a lot of Chinese hold a big amount of bitcoin or they monopolize the the market.

Fact or not, we all know that China could be a big factor into bitcoin's price increase. The srategies of producers of hollywood movies targets China as it helps their gross income increase.