Re: China banning bitcoin exchages, good or bad?

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

It seems to me that I though china is accepting bitcoin in there country so what happen?. But in my opinion, well I thought in this case it has a big impact in the bitcoin world or in crypto currency because china is one of the leading country today and when it comes to economy china is very successful from it. However, let's respect the decision of the government of china about this situation. But when it comes to the value of bitcoin it seems that the value will decrease because of the country banning is incresing and its bad for our community.