You are viewing a single comment's thread from:
RE: Is Bitcoin dead if China decides to ban Bitcoin?
there is something that keeps baffling me ,, bitcoin or cryptocurrency is meant to be decentralised and no government has power over it ,, that is ,, its value depends on the users adoption ,,, my question is ,,, how is the chinese government able to ban the bitcoin and its really having effect ?
They're controlling fiat, not crypto. Its tanking the price, because a lot of people are assuming this will tank the price; a self fulfilling prophecy.
now i get it,, but this is possible because of the fear people has and i think also the anonymity of it's creator
Yeah, people have fear of losing their money, but they also have fear of missing out (FOMO).
That's why they sell, and also why they buy.
Nobody cares that we don't know who Satoshi is.
If anything, keeping his head down is reassuring proof that he's brilliant :)
yeah , you have a point
To look at me you'd be forgiven for assuming I'm just coasting by on my movie-star good looks; but I'm also quite clever.
Haha, yes you are. Great points!