I hope they will not try to Ban all crypto coins in China.
i hope they DO BAN all crypto in China including bitcoin. it will be once and for all and we will get rid of them for good!
i am honestly sick and tired of hearing about news coming from China that always spikes FUD and causes bitcoin price to swing around wildly. if there was reality to these swings i wouldn't have been as mad.
some bullshit rises from China and panic sellers start giving away their bitcoin to whales instead of taking the cheap coins from whales. and we have all seen where each of these panic sells end up...
People have been complaining about Chinese long before icos just because they have these big mining farms of bitcoin and thus not only possess what others would have wanted but don't have but also can sort of control the btc price. I see sense in what you say but I still think that it would be too hard for people to overcome the price changes of btc due to this potential btc ban. I guess the risk of lots of people dumping btc along with Chinese is just too high to take.