Is it illegal to buy bitcoin in China

1.

although bitcoin still has great risks, after years of development, with the increase of its application population, application scenarios and application technology, no country or organization can completely eliminate it. If you can figure it out, it is likely that countries will generally accept bitcoin and embrace it

according to my personal judgment, bitcoin, after a period of continuous development, is likely to become a world currency in the future, which can play the role of electronic gold and become the target of the value of other sovereign currencies. From this perspective, bitcoin can be used as a means of asset preservation in the future when inflation is inevitable

2.

Unfortunately, bitcoin is no longer tradable in mainland China. Bitcoin China announced that it will stop all trading business on September 30, 2017

development information:

after bitcoin China and microbit, the bitcoin trading platforms in Shanghai and Shenzhen, respectively announced that they would close their trading business on September 30, 2017, on the evening of September 15, two other large domestic bitcoin trading platforms, Huo coin.com and okcoin.com, headquartered in Beijing, announced that they would suspend their registration from 21:30 on September 15, 2017 RMB recharge business; All users will be informed before September 30 that they are about to stop trading, and the trading business of all digital assets against RMB will be graally stopped before October 31

according to worldcoindex data, since September 1, bitcoin has dropped from $4800 to $3655, a drop of 24%, and its market value has shrunk by nearly $20 billion

in the same period, the decline of ether currency and Wright currency was 37.5% and 31% respectively. Over the past two weeks, Leyte currency has declined by more than 40% on the three major domestic trading platforms

3. The core code of the blockchain of blockchain technology operates on the server side, decouples the bottom part of the blockchain code (P2P network, consensus algorithm, data storage, etc.) from the wallet part (address management, encryption algorithm, transaction control, etc.), and deeply optimizes the whole blockchain code. This is how the bitbox system is transplanted to the mobile terminal. Make it better adapt to mobile phone hardware and network performance, improve the stability and reliability of blockchain operation, but also bring greater security

4. Of course, some people in China buy bitcoin. Some of the people I know here have invested 100000 yuan in bitcoin, but they all lost money.