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#1581
Lance Thompson
280 Posts

What caused the latest dip in the price of Bitcoin 2 days ago…….China comes out and praises blockchain technology, then when they see a surge in the price of Bitcoin they issue a new crackdown on cryptocurrency exchanges. Sounds to me like they don't know WHAT the hell to do. If they maintain their ban on cryptocurrency speculation and trading people will continue fleeing their country for other Asian countries like South Korea that embrace Bitcoin and cryptocurrency trading. They've got a serious problem. They've implemented their crackdown but other countries aren't following their lead so they have that fear of being left behind.

 

https://www.scmp.com/economy/china-economy/article/3039043/china-dampens-blockchain-fever-cryptocurrency-trading