Reply to post: Re: Bitcoin’s price has dropped around 1.5 per cent in the last 24 hours.

China all but bans cryptocurrencies

John Brown (no body) Silver badge

Re: Bitcoin’s price has dropped around 1.5 per cent in the last 24 hours.

"Banning trade doesn't ban production..."

If the internal market is gone, who's going to keep producing? At some stage, it needs to reach a bank and have the value converted into something the Chinese producers can bank and spend.

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