No surprise, same thing happened in Feb when they banned withdrawals.
What doesn't kill us makes us stronger ;-p
RE: China Bans Exchanges - Japan Takesover!
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China Bans Exchanges - Japan Takesover!
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@g-dubs I totally agree with you. This dip caused by China, JP Morgan and others is another part of the history of bitcoin to learn and take advantage of future dips like this. Money will flow from one country to another, simply were freedom is taking place, and there will always be places with freedom in the world. Now its time for Japan. @gold84
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It is China's loss. When they realize that their stock market is going down, they'll come crawling to crypto.
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Unfortunately China has a fast growing middle class. China is still a developing country. This would counter all the debt ridden centrally controlled bureaucratic mess. Just look at the stats. China has so much to grow. If they weren't communists, China would have already beaten USSA. It'll take some more time for China to bite the dust.
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Why do you think they are getting away with keeping their currency so undervalued?
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Because they are exporting and basically have no trade deficit with anyone.
No political pressure to change things.
Why bother to tell China to correct its currency value if that means you have to buy at more expensive prices and internally; why protest against Communist government when import taxes don't affect you because you are buying Chinese products only?
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Good point. But they are cheating, no?
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Both Dot-com and housing bubble went on for years. This is a muti-trillion dollar economy. If we add the fact that USSA is in decline, China can keep cheating for a decade at least.
@granunic0rn said the same things that I was going to say. I'd also like to add that Tax rates in china is lower than USSA (with the exception of income tax in states that doesn't have a state income tax)
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Thanks for your perspective. What is USSA? Thanks for connecting on here. I hope you have a WONDERFUL day!! 😝 😛
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The USSA is the communist united states led by the demon overlords Henry Kissinger, Hillary Clinton and formerly Barack Obama.
And yes, technically China is cheating, but they Elites in China are mostly cheating the average consumer in China to enrich themselves. So, no news there.
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http://www.urbandictionary.com/define.php?term=USSA
It's a term I picked up from this blog: http://nomadcapitalist.com/blog/
It had such a lot of great articles. Give it some reading time.
Have a great day!
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Brick and motar stock exchanges will be replaced by blockchain technology. Blockchain has come to stay and even if Bitcoin doesn't live up, something better will replace it in that space.
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Just buying us more time to accumulate a low prices! Thanks China :D
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agree. =D
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Agree :)
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@g-dubs : I'm agree
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scotch and yes
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@thank you g-dubs
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agree
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you are right @g-dubs
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I totally agree with that.
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live crypto chat
https://cryptolegion.io
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Chat looks too new. Good idea but it is better to make society on Telegram
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Honestly. I've made profit from this so :P
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