China once banned ocean-going ships... this is bullish for bitcoin!

[mishra]

China once banned ocean-going ships and global exploration... so them banning bitcoin (funding) portends well for the long term future of bitcoin!

They also once banned all hair styles except:
http://surbrook.devermore.com/adaptationsasianaction/jetli.gif

I think they even banned kung fu once too.

They banned having more than one child, which means every generation there would be half as many people, and they would disappear at an exponential rate.

I think pets were banned at one time.

And Mao once tried to ban (exterminate) swallows, causing mass starvation as the insect population exploded and ate all the crops.  And of course they basically banned private property (more dead).

I think twitter and facebook are banned... it goes on and on.

But anyway, thank you CCP, first for the fiat as your people desperately tried to flee your capital controls, and now for the cheap coins as they flee the exchanges.

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[traderCJ]

I think this will merely be a blip on Bitcoin's radar.  Getting China out of the picture is a good thing in the long run.  But the next few weeks will be pretty ugly I'm guessing.

[GeniuSxBoY]

They banned having more than one child, which means every generation there would be half as many people, and they would disappear at an exponential rate.

or they can just lift the ban when the population is manageable again....

[Buffer Overflow]

I think this will merely be a blip on Bitcoin's radar.  Getting China out of the picture is a good thing in the long run.  But the next few weeks will be pretty ugly I'm guessing.

I guess the main worry now is if other governments follow suit. As I've always said, the exchanges are the anchelles heel of Bitcoin.

[seleme]

I think this will merely be a blip on Bitcoin's radar.  Getting China out of the picture is a good thing in the long run.  But the next few weeks will be pretty ugly I'm guessing.

I guess the main worry now is if other governments follow suit. As I've always said, the exchanges are the anchelles heel of Bitcoin.

The most important one gave a free go few weeks ago. That's all that matters outside of commi world.

[traderCJ]

I think this will merely be a blip on Bitcoin's radar.  Getting China out of the picture is a good thing in the long run.  But the next few weeks will be pretty ugly I'm guessing.

I guess the main worry now is if other governments follow suit. As I've always said, the exchanges are the anchelles heel of Bitcoin.

Agreed.  However, I think the biggest risk to Bitcoin's value from a regulatory perspective was China by a long shot.  As long as Bitcoin's value is primarily derived from Europe and North America .. I don't see regulations swaying the price as dramatically as this.  South America is promising.  India .. don't think so.  Africa .. too unstable to rely on for solid pricing.