Ninjastic
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Board Bitcoin Discussion
Re: Bitcoin will be junk/trash after ban in 2 big countries
by
bittick
on 17/06/2019, 16:31:36 UTC
Quote from: Bunsomjelican on June 17, 2019, 12:59:27 PM
Quote from: Leh-Meh on June 09, 2019, 07:29:30 AM
Bitcoin got banned in India and China so Bitcoin is worthless in these 2 countries. People of India will lose $10,000 or $100,000 if they do not get buyers in other countries at $7000.

But who will buy 1 Bitcoin for $7000 ??  Grin  Insider's Information for Gold and Silver

Bollywood superstar "Amitabh Bachchan" earned multi-million dollars by starting a Bitcoin company.

Don't you know that China is one of the largest country that has a bitcoin mining farm in the entire world. So how come that China will ban it? probably,  possible crypto but not bitcoin itself.
There's that one time where the rumour of the chinese government banning bitcoin spread across the world and the market cap from china moving over to its neighbouring countries like japan and korea, it's not impossible for china to ban bitcoin the government just don't care about your mining farm maybe, kinda irrelevant when the amount is not influental enough.