Quote from: Danlopz on June 03, 2018, 08:57:50 PM

Quote from: xvids on May 22, 2018, 10:20:20 AM

It would be a bad news because we would lose some investors from that country,
And if we lose investors that would decrease the demand and the price would drop down too.

China has decided to ban local bitcoin exchanges. That's because bitcoin has suffered a lot due to price manipulation by Chinese bitcoiners and bitcoin miner dominance. We can not forget the obstacles made by Chinese mining and miners in activating segwit. Previously, bitcoin markets were largely dependent on China for every thing. Some people say that China does it because people pass through the banking system and in turn government regulations use bitcoin. China more than any other country wants to have strong control over its banking system, and allocate credit according to the political agenda.

It's been an old news that makes the market moves too slow and makes the market dump before. Banning of exchanges is indeed a bad move that will not help the market.