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URL:  https://boards.fool.com/quot18-drops-when-china-criticizes-32885900.aspx

Subject:  Re: OT-Bitcoin Date:  11/5/2017  9:25 PM
Author:  DoesMIWork Number:  268344 of 279138

"...18% drops when China criticizes it..."

In early 2017, China basically prevents the flight of the yuan b/c people were using Bitcoin to do it. At the time, China accounted for over 90% of all Bitcoin transactions- extremely unhealthy. Bitcoin drops immediately. Traders leave China for other countries. Price recovers. Japan legalizes Bitcoin. Price skyrockets.

On September 2017, China shuts down bitcoin exchanges. The price collapses, but recovers WITHOUT China- within a month. Like an immune system, the body (Bitcoin) keeps getting hammered, but keeps getting back up- and each time, being stronger and healthier than before. Bitcoin has "died" 183 times, as of 11/3/2017 (https://99bitcoins.com/bitcoin-is-very-definition-of-a-bubbl...) and yet is strong enough to keep making all time highs!

Drug dealers, etc.- There are two sides to a coin. What about the good it does in places like Venezuela, Zimbabwe and Argentina? Here's a paper on Bitcoin in Argentina:

http://chicagounbound.uchicago.edu/cgi/viewcontent.cgi?artic...

Anyway, I'm just here to help, not to defend a PhD dissertation on Bitcoin. Google Bitcoin yourselves. The bottom line- it's your money, not mine.

DoesMIWork
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