Bitcoin Supporters React to Chinese Exchange Ban with Defiance

[kreslik.news]

Following the apparent conformation that Chinese financial authorities are actually going to ban Bitcoin exchanges from operating in the massive emerging market the price of the cryptocurrency is now trading at just above $3270 – down from a record high of $5000 earlier this month.

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In online community forums and on social media Bitcoin advocates have came out in force to say this is just a buying opportunity because they expect the price to rise again. Their main arguments are that no one can ban ... (read more)