Post
Topic
Board Economics
Re: China banning bitcoin exchages, good or bad?
by
boynamnhi
on 17/06/2018, 23:25:57 UTC
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
The market in recent days has been volatile and difficult to predict, as you can see that market capitalization is continuously adjusting and decreasing, which suggests that cash flow from crypto is moving elsewhere. invest. On the other hand you can also see that gold has been rising over the last few days and is peaking in the last four weeks.