Image CreditWe all know about the news that created a lot of mess and worry in people, who technically doesn't understand the fundamentals of blockchain or how powerful bitcoin truly is, rather many people actually into crypto just because of they get to know about the hype and to earn money in trading, somewhat similar most of them might doing in Stock Market.
But we all have to educate these kind of people and make them understand how powerful this technology is and what can be or going to be the potential/future of blockchain.
Even from the past experience, we know china has tried to ban bitcoin before and at this time, when cryptocurrencies were at hike. We get to know china decided to Ban bitcoin trading at first, but news didn't stop there and it continued with the confirmation that bitcoin exchanges in china is going to close down...
Even after this news, Bitcoin was not coming down but rising up and crossed $4000 mark last week. after this we got another news from china and this time it was heights of patience for every investor.
China government stepped up and announced that china will ban all the bitcoin exchanges and their ip addresses to make sure no one in china could get to buy bitcoin again. And even started work on banning bitcoin's p2p protocol according to the news. (I personally think it's not possible to shutdown/ban peer to peer protocol).
Bitcoin didn't stop even, It didn't come down but touched $4500 mark again in last couple of days. Finally, China has raised it's hands from the matter of banning bitcoin and today morning, when i read the news i was completely amazing. Not only because of China decided to give a green light to some exchanges under KYC (Know Your Customer) policy, i had that feeling ever since i heard the first news.
I was amazed because, i had no idea that china will realize, this soon
Now that China is coming aboard again on Bitcoin network, It's definite that Bitcoin will touch $ 10k very soon...
Please upvote if you like my content, Also let me know what do you think of this matter in the comment section below.
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LOL.. Simply LOL
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It seems there eyes got opened really fast to the power of the block chain and bitcoin. They tried to tear it down but it just built itself back.
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I believe that China will soon give a green light to the bitcoin exchanges. I belive they were just creating FUD to benefit from it and slow down the rise o f BTC. Thanks for the article.
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@bunnychum i have an important mission underway. I have chosen you at random to have a joining chance. Go to my channel. You will be greeted by a bot and soon after someone will brief you https://discord.gg/HwatB8f
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@thelifestyler thank you for sending me this invite... just join and also Following You...
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