Ninjastic
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Re: China banning bitcoin exchages, good or bad?
by
turagsoy123456
on 16/06/2018, 23:14:20 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

China is doing bad thing in bitcoin since this is not the first time that china banned bitcoin in their country's. I think this is also the reason why bitcoin price in the market is very affected and suffering a bloodbath. because some of the investor's are getting race to be panic and sell their coins.