very helpfull. I am one of person who worried.
thanks very much.
You worried mate? Dont be. Although china banned bitcoin, it is not the end of it. We felt it somehow as the price went down but after a week it bounced back. Sure, there are countries that may ban bitcoin still there are other countries that legalized it. Bitcoin is global unless it is going to be banned globally there is nothing to be afraid of.
Let us site an example, if you live in china and you have thousands of bitcoin then an order was issued to ban it, will you sell right away or still hold? If you'll ask me i will still hold, if you put it this way, i have thousands of bitcoin still i have internet, i can check the price and news about bitcoin then if the price is high that is the time that i will sell but then bitcoin is banned in the country. I will simply fly out to the other country for example japan which legalized bitcoin. Have my bitcoin cashed out on that country then make a bank transfer, fly back to my country and then withdraw the money from the bank. It is that simple although the process is a hassle but if you really think about it there are ways in which you can earn more profit than just selling because you got scared of losing.