Recently, the Chinese government has declared a decentralized digital currency a threat to its economy and, in connection with this, has banned the circulation of crypto currency in its country. It will either try to create its own centralized crypto currency, or make it already existing. According to one of the assumptions, the choice may fall on Bitcoin Cash, since a significant part of its production capacity is located in China. How will this affect his course?

Since the Chinese government announced that it considers the decentralized digital currency a threat to the economy of its country, they will either try to create a new centralized crypto currency or try to subordinate the existing crypto currency to their interests. Since a significant portion of Bitcoin Cash's mining facilities are located in China, it is likely that they will try to subordinate the BCC and make it centralized. What is now happening in China makes such an assumption quite likely.

The ICO project, which makes it possible to receive wages in real time, looks tempting. ETCH tokens created during this project should be popular. However, the period of such implementation of this project into practice, most likely, will take quite a long time.

According to the latest information received, the Chinese government considers the decentralized digital currency a threat to its financial, credit and economic systems. Proceeding from this, it banned the circulation of any decentralized digital currency, including bitcoin, on its territory. Obviously, China will allow the circulation in its country of only that crypto currency, which will completely obey the government. As one of the options - the release of its own centralized digital currency. Therefore, the assumption that China can create its own crypto currency using the existing mining capacity is absolutely real and can be part of China's current plans.

Apparently, Ilon Mask or other businessmen who privately develop space exploration programs do not need investments and digital coins that would provide this kind of business. It is also quite possible that these individuals have not yet considered this possibility. In general, it would be an interesting coin and it would deserve close attention.

In my opinion, the price of crypto currency absolutely does not affect its legitimacy and legitimacy. Now the crypto currency is used practically in all countries of the world and nowhere is it prohibited. And this means that it is legal. States do not accept any document on its legality. In this regard, some of its politicians and officials can express their opinion. The state can impose a certain restriction on its circulation inside the country or even attempt to ban this currency. This decision can be made regardless of its market value.

At present, when the three largest crypto-currency exchanges of China announced that they stop trading bitcoin from September 30 and October, until the information about a positive solution to this issue of the crypto currency is unlikely to rise in price. Now it will jump, since the holders of the crypto currency have not yet decided how to behave in this situation, in particular dropping coins. Therefore it is difficult to say how the etherium will behave. Most likely, his course will be a little bit lower then rise. Therefore, you need to track the course itself and choose a good time to buy.

I see no reason to keep ВСН. It does not have the proper perspective and community support. It is better to sell and buy bitcoin. This is a classic option. If you continue to hold this coin, then in the long run there will be no big profit from it. Most likely, you will be at a loss.

In relation to the Chinese coin, NEO will all depend on how quickly the Chinese government will conduct its announced measures to clean ICO of elements of fraud, increase security for investors, etc. If this is completed safely, we can expect an increase in confidence in NEO and a significant increase his course. However, this does not seem to happen quickly. News on this matter should be expected in November-December this year. So you need to be patient. I would not advise you to discard this coin.

One of the largest bitcoin exchanges in China - BTCChina said that at the insistence of the government will stop trading bitcoin since September 30. Similarly, other Chinese stock exchanges will do likewise. The situation there will be settled, you need to expect a month or two after that. That is, approximately at the end of October and beginning of November, we can expect solutions to the problems that have arisen and further growth of the crypto currency.

We must agree that bitcoin and other crypto currency could not grow in price continuously and without significant fluctuations. Their price has fallen sharply, but we know the reason and this reason should be eliminated in the coming months. Therefore, nothing unusual happened. Now it is necessary to prepare for further raising of the crypto currency and therefore buy it at a low price.

China is a huge market for crypto currency, but it does not mean anything. If China would have banned the circulation of the crypto currency, it would have continued to exist successfully in the rest of the world, flowing from China to these countries. However, China does not plan to ban crypto currency and therefore there is no danger for it. There work is under way to regulate its circulation within this country and its results will soon be seen.

Can any unknown for the community of Arc. to surpass the long-standing leader of the Altkoins - the etherеum? The answer is obvious. Even the current well-proven coins can not be compared with the etherеum.

If sensational events in China in relation to the crypto currency are really aimed at streamlining activities in the field of circulation and use of digital currency in this country, now is the time to buy Chinese NEO, while it, like other coins, is in decline. This coin has a great potential for growth.

Yes, China is not going to prohibit crypto currency or stop the production of bitcoins. These are all false rumors that generate panic. We need to wait a while and everything will fall into place. In any case, the Crypto currency does not depend on one country, even with a large market.

Short-term profit is given by coins, if you work with them, for example, in the market. If we are talking about passive accumulation, then a long-term investment will bring profit primarily to proven coins - bitcoin and etherium.

All this panic is caused by the fact that on the Internet there appeared inaccurate information due to incorrect translation of incoming information from China, which was translated from Chinese into English. China decided to streamline the functioning of the crypto currency in its own country. Therefore, there is no reason for panic.

There is no need to convert bitcoin into an etherium. Although these are both promising coins, however, based on a very high rate of bitcoin compared to other altcoyins, including the etherium, in percentage terms it gives a big profit.

I think that now there is no alternative for the current leader of the altcoyins - the etherium. Despite the events in China, I think that this coin will quickly rise in price. Especially this will happen in the long term. Therefore, first of all, it is necessary to pay attention to this altcoyin.

Since today, the rate of almost all crypto-currencies began to rise gradually. So, the bitcoin rate is now $ 4,251, although it did not exceed 4,000 before. The crypto currency market departs from the negative and fictitious information that came from China. Therefore, now is the time to acquire a crypto currency. And almost all the promising coins, because they are now at the bottom after the fall. I think that we should not expect November. Still it is not known that November will bring for криптовалют.