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Except that all Chinese exchanges / ICOs got banned a couple of months ago. The US is probably that largest market, it's the home of Coinbase ... I just don't s
by tobydownton 9y ago
Except that all Chinese exchanges / ICOs got banned a couple of months ago. The US is probably that largest market, it's the home of Coinbase ... I just don't see what you are basing this assertion on.
- workthrowaway27 9y agoHere's a WSJ article from today that makes a similar claim. https://www.wsj.com/articles/the-force-behind-bitcoins-meteoric-rise-millions-of-asian-investors-1513074750 https://www.wsj.com/articles/the-force-behind-bitcoins-meteo... Edit: Also, I don't think the closure of the Chinese exchanges matters much since they can still buy Bitcoins, the exchanges just can't operate in China. Edit 2: And my reason for the assertion wasn't any special knowledge of cryptocurrencies, but rather that there's lots of Chinese money pushing up asset prices in other markets, so I don't see why they same wouldn't be true of cryptocurrencies as well.
- AnimalMuppet 9y agoJust guessing here, but... If I were Chinese, and I liked the idea of cryptocurrency (especially the untraceable part), and the government banned it, do you think that ban would make me less interested in it? Or more?
- jason_slack 9y agoWorking with Chinese co-workers, I think it would make them less interested. The penalty for disobeying their government is severe.