Thread replies: 7
Thread images: 1
Thread images: 1
File: ico-ban-casuality-report.png (330KB, 712x649px) Image search:
[Google]
330KB, 712x649px
Can I hear some speculating about how next week is going to go? It is looking very bad right now. ICO regulations and possible exchange ban in China. If this exchange ban turns out to be true, shit will fall down and it probably will not recover for a long time. How are you prepared?
https://twitter.com/cnLedger/status/906560905269329920
https://www.cryptocoinsnews.com/viabtc-ceo-china-will-ban-bitcoin-exchanges/
>>
>>3407255
Comfy as fuck. Holding cash and a bitcoin short. Let it fall
>>
Can anyone tell me why China want to regulate crypto so much? They don't even regulate their lead food.
>>
>>3407296
chinks using a decentralized currency that the government doesn't control....yeah, they don't like that, bro.
>>
>>3407296
They want to limit capital leaving the country. Everyone there wants to get their money and their families out of China because it's a polluted authoritarian shithole. Crypto gives them an easy, relatively difficult to trace mechanism to do that.
>>
>>3407296
Capital flight. Rich Chinese who made stacks through shady business dealings or criminal/government connections are always looking for a way to get their money out of China. Same reason real estate in places like Australia and Canada have shot up the way they have - cause they are buying it all up first as a store of value and second as an investment.
The Chinese government doesn't give two shits about people getting poisoned or suffering but if you fuck with their money they will end you.
>>
>>3407355
this
Thread posts: 7
Thread images: 1
Thread images: 1