Explain to a brainlet why China would ban Bitcoin when it is

to buy it cheaper

>>3399499
bitcoin takes control over the economy away from the government you stupid nigger. literal hundreds of millions of dollars vanishing off the market into the crypto space.

China is apparently not Long Bitcoin. When a Chinese person buys bitcoin, they're selling the local currency. Google Capital Flight. it's a real problem.

Also they already have their own chink coin that they manipulate to hell, it's called the Yuan.

>>3399499
>it is their only shot at overthrowing the US dollar
First of all, they won't try to overthrow it. They'll try to undermine it and slowly attrit its value. Secondly, it isn't their only shot. They're about to start trading oil for gold instead of dollars:
http://www.globalresearch.ca/trading-oil-for-gold-chinas-gold-backed-petro-yuan-market-threatens-the-us-dollar/5608136

>>3399499
Commies don't want their people controlling their own money. Bitcoin is a libertarian's wet dream

>>3399499

Because the entire world started to buy up and raise the price higher than the chinks themselves expected

Only retards literally think China is banning bitcoin, retards who don't know that they've done this multiple times in the past in order to control the price through regulation.

This time is different. More people around the world are starting to mine and multiple countries are getting involved.

China can't stop it but they can stagger it for bit longer to keep the price stalled

>>3399533
this basically except china is turbocapitalist

they cannot let control flow out of their hands its the same game with the internet firewall they put their citizens under

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61KB, 806x878px

>>3399499
>only shot at overthrowing the USD

they'd just have to wait. that shit lost 91% of its value since 1920

>>3399975
That's Hong Kong. The "one party, two systems" works incredibly well economically. China bans bitcoin and the rest of the normies in the world think that includes the one place with the know how and purchasing power to do anything with it.

They are literally stockpiling by spreading international FUD through half truths. Mark my words.

China always manipulates financial markets, this holds true with all their stocks, their currency and now that bitcoin is in play they are manipulating it. only newfags to the financial markets think this china drama is real. it's all a game and I've been in the financial markets long enough to not fall for China's bullshit. the whole idea behind bitcoin hasn't changed nor has structure. anybody that has been in the financial market since before the whole crypto fad will know this.

just buy and hold

China doesn't want to overthrow the US dollar. The US dollar will collapse on it's own. China has shit tonnes of gold which they severely under-report. Not to mention silver and rare earths.

China just minds its own business while the US rots from the inside.

"Never interfere with an enemy while he’s in the process of destroying himself."