9 HOURS LATER CHINA WILL BAN ALL CRYPTO TRADING

smart chinese are keeping their money in bitcoin then so they can still trade the btc pairs

>>3418443
the chinese government will ban BTC and release their own coin: CNYcoin

>>3418453
no you stupid idiot, bitcoin will become monopoly money in 9 hours
haven't you read the grey metal story by satoshi?
a dull, featureless grey metal that can be teleported anywhere. if this metal was given value somehow, it doesn't matter how, maybe just an internal trading in a small group - how much do you think this metal would be worth?
Potentially infinite was the answer.
However, we now must add to the grey metal analogy. How much is it worth to you if you cannot redeem it for money?
This is what China is doing. It's game over.

>>3418477
CuNnY Coin

File: ca40090221e1572f8f6ce05001e6e0ec24a657a61c80e7686fa339e21c9cee8a.png (559KB, 600x600px) Image search: [Google]

559KB, 600x600px

>>3418443
>he actually thinks china banning BTC is going to end cryptocurrencies all around the world
You can't be serious

>>3418500
they literally just banned all ICOs.
Hop
Skip
Jump.

>>3418488
korean volume is more important than the chinese one, atleast for ETH

bitcoin can go die for all i care, desu, it hasn't caused anything but panic and bear markets this year

>>3418453
but the majority wont. the chinese use krypto to avoid holding yuan. when they cant do that any longer, krypto will be worthless to them.

What's the prediction as to how much BTC drops?

>>3418500
You can make a decentralized money eco system, but if governments (all of them) but the FIAT to Crypto/Crytpo to FIAT exchange, they're just magical inexistent worthless digital coins.

>>3418537
*but = ban

>>3418537
oh shit /biz/ has finally figured out what some people have been saying for a couple years now

>>3418500
well i fear, it will wake up the other governments and give them a model of how krypto can be regulated and even banned if necessary.

>>3418645
i mean govs and banks have no interest to keep free krypto around and normies still dont care so no negative pr when banning it.

this would be the best time to hit free krypto really hard.