Will bitcoin be stopped

1. bitcoin China, the first bitcoin trading platform in China, announced yesterday that it would stop all trading business from September 30 this year. In this regard, some financial people expect that some investors will not participate in the local sale before the platform closes at the end of the month. If such investors rush in from a high level in August, the losses will be very heavy
bitcoin China announced that in accordance with the spirit of the document "Notice of the people's Bank of China Central Network Information Office, Ministry of instry and information technology, State Administration for Instry and commerce, China Banking Regulatory Commission, China Securities Regulatory Commission and China Insurance Regulatory Commission on preventing the financing risk of token Issuance" issued on September 4, and adhering to the principle of preventing investment risk and protecting the interests of users to the maximum extent, bitcoin China team has carefully discussed, Three decisions were made: first, bitcoin China digital asset trading platform stopped new user registration from yesterday; Second, on September 30, 2017, the digital asset trading platform will stop all trading businesses. Third, bitcoin China's mining pool (national pool) and other businesses will not be affected by this and will continue to operate normally
affected by this news, bitcoin, lightcoin and Ethereum all fell sharply. By the time of Beijing Youth Daily, the price of bitcoin was 21600 yuan, with a 24-hour drop of 12.51%. During the day, bitcoin once fell below 20000 yuan, with the lowest price reaching 19597 yuan; Ethereum quoted 1472 yuan, down 14.56%; Lightcoin fell the most, offering 299 yuan, down more than 23%
bitcoin China, the first and largest bitcoin trading platform in China, is operated by Shanghai satuxi Network Co., Ltd., which was established on June 9, 2011. The team members are mainly from China, Silicon Valley and Europe
on March 12, 2014, bitcoin China officially launched the lightcoin transaction, with a total transaction volume of more than 30 million yuan
on September 30, 2017, bitcoin China stopped all trading business
the first time I bought bitcoin and the first time I bought Ethereum was in bitcoin China. The collapse of bitcoin China and other exchanges means that China has lost its pricing power in the field of virtual currency.

2. Recently, the China Internet Finance Association issued the "tips on preventing the risks of bitcoin and other so-called" virtual currencies ", pointing out that bitcoin trading platform is a tool for money laundering, drug trafficking, smuggling, illegal fund-raising and other illegal and criminal activities e to the expanding number of stakeholders and strong speculative atmosphere; There is no legal basis for the establishment of various so-called "currency" trading platforms in China
at the same time, the price of bitcoin dropped from a high level. Since bitcoin China announced it would stop trading at the end of this month, the price of bitcoin has dropped 11.3% to $3426.92, Reuters reported. This is also bitcoin's seven consecutive days of decline, becoming its longest decline in a year.

3. First of all, bitcoin does not have the credit basis to become a reliable currency. Other digital tokens can be created arbitrarily by imitating bitcoin, which will disrupt the monetary system, affect the actual effective money supply, and interfere with the government's intervention in the economy through monetary means
Second, the current price of bitcoin has risen rapidly, has formed speculative expectations, if not stopped in advance, will eventually form a bubble, bringing huge losses to some investors and financial institutions, and undermining the stability of the financial system.

4. Yes, as long as you have a laptop and the router is a wireless router

5. No, the world will not block it. Bitcoin has great value, but the vast majority of people do not realize this value. However, no one can stop the development of bitcoin. If bitcoin succeeds one day, it will bring great changes to the whole society, and we will benefit from it.

6. As a virtual currency, bitcoin is a comprehensive proct of the development of network technology and social economy to a certain stage

however, bitcoin is a decentralized digital currency. To a certain extent, its transaction is uncertain, easy to be used for illegal transactions, and there are certain risks
at the same time, bitcoin is generated by the bitcoin system developed by a private team, whose technical team is basically only responsible for the normal operation and maintenance improvement of the whole project, but there is no formal and legal organization to guarantee bitcoin; So bitcoin has certain risks.

7. Bitcoin has not been seized. Bitcoin exists legally in China. In the notice issued by the five ministries and commissions at the end of 2013, bitcoin was clearly defined as a special Internet commodity, which people can buy and sell freely at their own risk. But it denies its monetary attribute. Zhou Xiaochuan, the governor of the central bank, compares bitcoin to a tradable asset like a stamp, and the central bank has no right to ban it.

8. Not recommended, because bitcoin is too risky<

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