Nocoiner here. Why is Bitcoin dropping? Please respond

china banning exchanges. last week they ban ico. last year they ban bitcoin. those fucking chinks so greedy and shit

China banned Crypto exchanges in China.

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>>3472737
People mistakenly think China banned btc. Again.

god dam .....ers
https://www.coindesk.com/namibian-central-bank-bitcoin-purchases-illegal-law/

>>3472772
>Implying anyone in Namibia has money

>>3472765
>mistakenly
noone thought btc was banned. this is a really retarded narrative by twitter traders too stupid to see the light in front of their faces.
from the very beginning, it was EXCHANGES being targeted and it was real from the start. Everyone literally delusional screaming BUY BUY BUY BUY at 4k and"lets resume our bull run!!!!"
fucking retards. You deserve all of this.

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>>3472737

>>3472737
>he doesn't own any magic coins

>>3472765
China can make sweeping jurisdiction changes unlike the USA.

Banning exchanges in China that use fiat -> crypto in essence "bans Bitcoin" for the majority of people.


Btc is tied to it's fiat price no matter what you delusional tards think, there is a reason no one cared about it when it was $1

>>3473030
>Btc is tied to it's fiat price

Well, yeah...there isn't exactly another way to measure its worth. You can't effectively trade BTC for gold or eggs, or whatever.

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>>3472765
is this his strategy to make Bitcoin Cash win?
is he working with PRC to get legacy Bitcoin de facto banned in China and have only Bitcoin Cash exchanges be legal? I mean China wouldn't want the Jew bankers controlling crypto in any way, right? and that's the whole idea behind lightning networks, right? a backdoor for the Jews to take over Bitcoin? so why would China just roll over and let that happen?