Bitcoin is having a hard time recently due to China's regulation. I wonder what China can gain in cracking down bitcoin trade and mining? Does't the government figure out that cryptocurrency is lucrative and alomst unstoppable? Banning mining is really an insane act as I see it, they are actually expelling money and power!!!
what do you think? leave you comment, thx
It looks to me that if a powerful country like China is trying to remove something so fundamental to the new industry revolution that later it will feel sorry for doing so.
Yes, true, today China is where most of the miners are so having a anti-mining government who doesn't stop at nothing less than cracking down the market then that leaves more opportunity for the rest of the countries, providing them with an advantage they will take. So if not China, another country will adopt the mining power and the crypto isn't going to stop. It will be one lost opportunity for China.