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/biz/ - Business & Finance

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10804581 No.10804581 [Reply] [Original]

https://www.coindesk.com/china-seeks-to-block-access-to-124-foreign-crypto-exchanges/amp/?utm_campaign=Sociallymap&utm_medium=Sociallymap&utm_source=Sociallymap&__twitter_impression=true

This is the beginning of the end guys. It’s over.

>> No.10804588

>>10804581
you know that we are winning when the only thing left for the fucktard is to ban things

>> No.10804608

>>10804588
Yeah but let’s be honest everyone is in this to make money. With the exchanges gone, the Chinese are officially off the grid. Sure they may use VPNs and such, but then what?

You think Jihan had inside info and is trying to gtfo with Bitmain IPO?

>> No.10804623
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10804623

>>10804581

The only reason this is happening is China is trying to stem the tide of their wealth leaving their country because of how fucked their economy is. With all the over speculation in construction driven by false demand, combined with shadow bank debt, some estimates of Chinese debt to GDP are over 100%. As a crypto value investor, I think this proves crypto's utility, as a vehicle to remit wealth. It works too well for the Chinks.

>> No.10804638

>>10804623
Where are you hearing these rumors?

>> No.10804644

>>10804588
exactly this.

>> No.10804653

>>10804623
I get they’re trying to prevent capital flight, but shouldn’t they actually welcome this. Look how many chink scams are taking money from round eye

>> No.10804675
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10804675

Price is being kept over $6000.
Doubt this will do anything. We're in an uptrend now and will probably test $6700 today.

>> No.10804678

>>10804581
No, this is the beginning of the great purge. All the chinese shitcoins will die, and we'll just have to figure out which non-chinese ones are scams now.

>> No.10804684

Load ze China FUD

>> No.10804700 [DELETED] 
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10804700

>> No.10804712

>>10804608
Lets be honest.
The Chinese weren't relevant to Crypto.
The Koreans are the highest volume buyers

>> No.10804781

>>10804712
They used to be but they’re broke now. They haven’t FOMOed into anything for a while (aside from EOS I guess)

>> No.10805073

they can use dex's.

>> No.10805230

https://www.youtube.com/watch?v=nngWAULAfCk