That was a lie. Everybody lies, but specially cultists. There are only a few good arguments for bitcoin and most of them are illegal. But resisting government sanctions is not one of them.
Bitcoin is down huge!
- Thread starter rin4et
- Start date
That was a lie. Everybody lies, but specially cultists. There are only a few good arguments for bitcoin and most of them are illegal. But resisting government sanctions is not one of them.
But, but,but, we were told bitcoin can not be banned...
I've said the biggest hit to crypto would be government involvement.... Unless people are ok with doing things illegally, much like piracy has become the norm among millennials.
Part of me thinks China is going to be buying the bulk of Bitcoin so they can have some leverage on it. I doubt the exchanges are liquid enough to pay their clients.
Some people expect the govt to open their own exchanges.
Some expect the govt to issue a Chinese coin.
Some expect the ban to be temporary until new regulations are put in place.
Some expect the govt to issue a Chinese coin.
Some expect the ban to be temporary until new regulations are put in place.
If this table is to be believed, seems like we've seen the worst? I do wonder about the other altcoins the Chinese may have shifted towards:
Strong pull back is strong; halfway recovered losses already (Even in my most delusional, I didn't expect that). This weekend should be fun.
Only a dead cat bounce, China people keep selling next days.
By now, it should be obvious to the Chinese that the exchanges are closing shop.
Had to see it coming, they even banned selling video game currencies in 2009. The Chinese really seem to like to control their currency.
http://www.eurogamer.net/articles/chinese-government-bans-gold-farming_5
http://www.eurogamer.net/articles/chinese-government-bans-gold-farming_5
