. India, China, Turkey, Iran and now potentially Europe banning BTC. You're in luck! Expect wild volatility all the way down to 0.No better place to be than in this thread where traders are always up. 90% who trade on these markets end up losing. You've stumbled across the 10% always in the green. Look out for the buy signals!
False and nonsense information you have posted here. Please think before posting nonsense. You can't "ban" a mathematical algorithm, anymore than you can "ban" the fact that 1+1 = 2 (or people making use of such a calculation).
What you can do, is state that BTC is not legal tender. In this regard, almost all countries in the world have existing laws that only the Government can issue legal tender, China being no exception. What that then means is that BTC becomes an asset (as opposed to a currency), and just like any asset, be it a painting, a car, a house, gold, wine etc, people are permitted to trade it among themselves for a price that they are free to negotiate. The unique quality of BTC of course being its an asset that is infinitely divisible and instantly transferrable etc.
Anytime there is nonsense FUD, (which some idiots will believe, indeed often many idiots), this reflects itself in price. Smart investors will use any kind of idiot misunderstanding to accumulate an asset, knowing that when the incorrect information (eventually) dissipates, this is reflected in the price of the asset moving upwards.
