If I Had A Bitcoin For Every Time China Banned Bitcoin...

in LeoFinance3 years ago

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Wait, isn't Bitcoin supply limited to 21 million?

Well, too bad, that means it would never, ever be possible to have a Bitcoin for every time China will ban Bitcoin, simply because it will happen more than 21 million times.

Authoritarian regimes are enforced by rules and regulations. These enforcements may take the form of what we know as "laws", but they are just top to bottom reinforcements (as opposed to democratic regimes, where a certain back and forth between the top and the bottom takes place, nonetheless).

So China will keep banning and un-banning Bitcoin simply because that's the method by which it's transferrable inside that ecosystem. Don't get fooled by their mimicking of stock markets or exchanges. Deep down, beyond those stock markets and exchanges there's always the strong hand of a political decision.

China bans Bitcoin to buy it cheap, then unban it to allow the price to move "freely" again. If you ever followed the trade and tariffs game, it's somehow similar. It's a constant movement in which one of the parties tries to catch the other one with their pants down, so they can be a little bit in advantage. Then the other one does the same. Rinse and repeat.

A certain part of the world economy is centralized. We just have to make peace with it, accept it and act accordingly.

And by act accordingly I mean look back and learn from history. It happened probably hundreds of times before, so it will certainly happen again.

Just mind your own business, and, for fuck's sake, keep your pants on.

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China seems to just ban whatever is inconvenient to them. They are happy for their companies to take over the world, but then there may be government control of those. Freedom is a very precious thing and has to be fought for.

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Lol....quite the truth....

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Probably chaina is a big part of btc while it help to raise price and also left alone by banned. Btc is limited now in total circulation for market about 21 millions, but its won't stop by spreading for built an eco system for the next generation economy. Its surely exist or replace by another coin for the cryptocurrency market but won't vanished forever.

exactly it will cross to the top