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/biz/ - Business & Finance

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3569329 No.3569329 [Reply] [Original]

So is china just flat out banning all Bitcoin trading?

>> No.3569351

good fucking riddance

>> No.3569371

>>3569329
6% trading volume from China who gives a fuck?
https://cointelegraph.com/news/japan-becomes-largest-bitcoin-market-as-traders-leave-china

>> No.3569379

>people still blaming China for the crash

>> No.3569403
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3569403

>>3569329
It's not the trading that's the problem, it's the hash power that runs the network. There are huuuuge mining operations in China, and without them the Bitcoin network will grind to a halt.

This is the beginning of the flippening. Before long it'll be (market cap),

1. Ethereum
>huge gap
2. Bitcoin Cash
3. Bitcoin
4. Ripple
5. Dash

>> No.3569412

All the mining happens in china if they can't sell their Bitcoin legally then what the fuck happens

>> No.3569455

>>3569412
It's not even that they won't be able to sell their BTC, I'm sure they could sell it on flash drives or what have you -- it's that other people on the network, those not in China, will see their transaction times increase dramatically, perhaps to the point that it's entirely unusable for a while.

>> No.3570091

>>3569403
>china suspends crypto trading and mining
>bitcoin china higher than bitcoin

mongoloid

>> No.3570123

>>3569403
>Bitcoin Cash
lol nobody will mine this shit outside china
it will probably go to 0 in one day

>> No.3570182

>>3569371
>6% trading volume for China
>50% for Japan
>he thinks Japs suddenly woke up and took chinks' place

rmaoing @ your rife amerikan

>> No.3570218

>>3570182
>hiroshima
>fukashima
>nagasaki
>sars

>> No.3570229
File: 51 KB, 499x499, 1428645832670.png [View same] [iqdb] [saucenao] [google]
3570229

>>3569329
either way good for bitcoin

>> No.3570247
File: 22 KB, 300x250, herro sirry amerikan.png [View same] [iqdb] [saucenao] [google]
3570247

>>3570229
>imprying chinee won't go back eggroll deep in bitchang once it make-ah da dip back to su-sauzand su-hundra

>> No.3570252

>>3569403
>Bitcoin Cash
found the crazy chink

>> No.3570262

>>3570229
>implying not being able to get any transaction confirmations is a good thing

>> No.3570273

Yes, and it doesn't matter. Chunk FUD is priced in. Bitcoin has NOTHING TO DO with dog eating subhumans. Its about technology and disrupting business. 10k by early 2018 or sooner.

>> No.3570352

>>3570273
>Bitcoin has NOTHING TO DO with dog eating subhumans
Chinks run the network ya dingus. It isn't magic, it's warehouses full of ASICs in chingchongdingdong land.

>> No.3570507

>>3570352
Go ahead. Switch it off, Jihan. Sell your equipment. Bitcoin will recover within 2 weeks tops.

>> No.3571163
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3571163

post yfw u just got a job for security detail on a bitcoin mine in the middle of africa

>> No.3571197

>>3571163
bullshit, africa doesn't have electricity.

>> No.3571592
File: 152 KB, 900x702, shiet.jpg [View same] [iqdb] [saucenao] [google]
3571592

>>3571197
>he hasn't heard about man-powered mining rigs

shiiiet you 1st worlders b so gullible maing