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Bitcoin Crashes After Chinese Exchange Says It Will Halt Trading
- albertgoeswoof 9y agocrashes? it's gone down by ~6% tomorrow it could rocket up by 20% and it would be a normal day in the btc world
- everdev 9y agoWould it be possible to create a fully anonymous/trustless decentralized cryptocurrency?
- nextweek2 9y agoMonero is trying to fill that space.
- fragsworth 9y agoI find it odd that they're going to halt trading in 2 weeks. If they determined that trading is illegal, shouldn't they halt trading immediately? Also, a similar situation played out in 2013: https://www.coindesk.com/price-crashes-china-outlaws-bitcoin-financial-institutions/ https://www.coindesk.com/price-crashes-china-outlaws-bitcoin...
- zzalpha 9y agoNot at all. This gives holders of bitcoin an opportunity to unwind their positions. Otherwise, they'll be stuck with a digital currency they can't convert to yuan without jumping through a lot more hoops.