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RE: CryptoCrash - Jeff Berwick on China, Jamie Dimon and where Cryptocurrencies Are Headed From Here
this whole exchange ban is no less more than a hoax. It's just Market manipulation to bring the price down. Chinese people are still allowed to buy Bitcoin and use exchanges from International exchanges. It's just a way to create FUD, which the big Chinese whales can profit off. The price will recover, Chinese people will use international exchanges. Everything will be fine in the end
indeed you can't stop crypto/crytpo trading, but bank withdrawals can become a pain...
need BTC ATM in my country, fast!
Chinese will be able to use International exchanges, and as far as I known of, OKCoin & BTCC do offers International exchanges, too. But the problem is the fiat to crypto & crypto to fiat that we still depending on. It is difficult to get fiat out of the country. It might be eventually easier while Chinese wants to globalizing CNY (or RMB, whatever you call it), but it is not the case at the moment. I totally agreed that we are looking at a short term situation, but the time frame is uncertain. That's the U of FUD.
I am living in China, FYI.
The price will forsure recover & if you think about it, the ban doesnt mean China can enforce anything and the people will still want to buy things. @geckthailand good call
https://dtube.video/#!/v/devonreal/1na6ywsi