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/biz/ - Business & Finance


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3510552 No.3510552 [Reply] [Original]

Is BTC dead? How will it ever recover when being banned in china means 1/3 of the world won't use it?

>> No.3510556

>>3510552
I just bought 100k

>> No.3510571

>>3510552
How many meth addicts live in your country ? How can they take meth, when it's banned ? /thread

>> No.3510583

>>3510552
Well chinese probably own like 20% and they cant do anything with it, its like 20% deflation in the money supply

>> No.3510588

it's just a question of time

>> No.3510617
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3510617

>>3510552
They didn't ban it you dingus. Also, soon enough they will license exchanges and it will be fine.

>> No.3510619
File: 98 KB, 243x232, Näyttökuva 2017-08-17 kello 20.03.31.png [View same] [iqdb] [saucenao] [google]
3510619

>>3510552

I bought btc at 4350€ a pop

It really is over isn't it?

plz donate to

0xOPSUCC8475COCK&KYS

>> No.3510722

Think about it, what is the probability that this rally is over? 50%? 60%? 70%? Them's pretty high chances you're gonna lose money.

>> No.3510767

This is precisely the reason why I sold everything I had when the price reached 4 figures. I reckoned it'll very soon be banned by governments and anyone who denies that is a fool.

>> No.3510814

>thinks that people won't use something just because it's banned
>doesn't realize that when something is illegal, price goes up

>> No.3511045

Won't be able to use cny on exchanges that's all.
Right now usage and owning is allowed but won't get any new money ti btc. Bad for us.
I suspect this is to release a state owned exchange because they see the potential

>> No.3512014
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3512014

>>3510619
top lel m8

>> No.3512753

Chinese elite did this just to buy bitcoins cheap, they gonna reverse it afterwards.

>> No.3512786

>>3512753
Right, then they're going to switch to Bitcoin Cash.