QUOTE(kimigenesis @ Sep 20 2017, 10:51 PM)
The demand for Bitcoin is only based on speculation. I cannot find commercial value other than an instrument for gambling with a large appetite for risk and greed. For now, one can still convert it back to precious metal for its speculated value, but not for long. When it comes down, we have seen how fast it can drop. When a country like China is heading towards economic depression, Bitcoin would be the last thing it worry about. Do you think the regulatory will allow those investor easily transfer their money to international exchanges or so called Korean Exchanges?
Shall I describe you as jokers popping up with your silly mindset that can easily moved their funds to international exchanges?
you're a sort of a trader/fund manager right ??
or just a troll ??

for those that dunt know what this chart is about.
this chart is basically BTC traded vs the percentage of different currencies
Chinese government had banned BTC exchange before, then reopen FEB 2017
back then chinese dominated very large sums of volume (back around 2015 time, most of it due to futures trading with leverage)
since then with opening of other exchanges such as in Japan, Korea, HK, US, Europe, UK.
chinese dominance has drop.
The ban however does not stop chinese PRC frying chefs to get a chunk of crypto.
they have accounts in Japan, HK on standby. not sure the exact date, but 2015 to early 2017 btc exchange cannot withdraw, so most of PRC are in Japan. so YEN denomination is higher until FEB 2017.
then now the ban, RMB denomination drops, YEN COMES BACK.
if u think Great Wall of China can stop PRC from playing crypto.
u must be a very lame trader in deed. lowest tier who dont know shit
recently OMG (linked with Alipay and WeChat) helped to setup payment gateway for crypto exchange in Thailand. (Thailand government is very open and welcome crypto)
means PRC can withdraw cash from their Alipay/WeChat pay to fund their exchange account in Thailand.
This post has been edited by AllnGap: Sep 20 2017, 11:53 PM