How people in China will be able to trade even if Bitcoin trading is banned, Russia too.

mrmonopoly (37)in #bitcoin • 7 years ago (edited)

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China might be banned from trading Bitcoin soon, which will not bode well with the Crypto Markets, not only because they are the biggest miners in the world, but they also give a lot of volume to the markets. Russian news has been released also, the bitcoin is going to be regulated by the Russian Government, which isn't good for the markets as well. However there is a way around it. Decentralised exchanges.

A decentralised exchange is an exchange that has no central authority, thus it cannot be shut down or seized by anyone, cannot be hacked and can be fully anonymous which is great for countries that are not allowed to trade bitcoin or will get into trouble if they trade bitcoin. Because it is fully anonymous anyone from absolutely anywhere in the world will be able to trade bitcoin and other cryptos with no regulation, and with no fear that they will lose their assets or their assets seized by anyone or any government. If the Chinese government do decide to ban, the Chinese can just use decentralised exchanges. You know what the means to tokens such as ZRX or 0x?

They will moon extremely hard. That is the short answer, all the reasons I've just said, so stock up on some 0x token before the Chinese government actually follow through with this. Because this will see one hell of a moon very soon. The 0x Token is sitting around 25 cents today which is a steal for the technology behind this project. It has a market cap of 100 million dollars and I believe it could reach 500 million in the short term if China does ban the trading of Bitcoin, that will multiply your money by 5x. It has good volume and a limited amount of coins, which means that there won't be infinite inflation.
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