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Topic: Indonesia Banks Penalizing Bitcoin? - page 2. (Read 511 times)

sr. member
Activity: 2506
Merit: 328
November 03, 2017, 03:25:20 PM
#3
Do you think this will affect the price of bitcoin over the next few days?
This would be nothing. Have you already seen the situation on where China did plan to ban bitcoin and do try to regulate ICO. What happened? Price did really decrease on some points but not totally the reason for it to dump. No matter how they would oppose bitcoin its success cant really be stop as of now which we are already seeing that it starts to fly again reaching out unexpectedly $7k usd in no time.
legendary
Activity: 1372
Merit: 1252
November 03, 2017, 03:01:09 PM
#2
Do you think this will affect the price of bitcoin over the next few days?

It is truly irrelevant. Just look at this news for instance:

https://www.theregister.co.uk/2017/10/30/vietnam_bans_bitcoin_as_payment_for_anything/



Quote
The Bank lists conventional payment mechanisms like cheques, payment orders and credit cards as permitted, but then adds (after translation) that “Bitcoin virtual currency and other similar is not lawful means of payment in Vietnam; The issuance, supply, use of bitcoin and other similar virtual currency as a means of payment is prohibited in Vietnam.”

Fines of around US$9,000 apply to those who accept or offer payments in virtual currencies.

Meanwhile, bitcoin keeps hitting all time highs on a daily basis. I wouldn't worry about bans, the market no longer cares. Maybe if US banned it it would have an impact, the rest of the countries are pretty irrelevant.
member
Activity: 113
Merit: 31
November 03, 2017, 02:48:51 PM
#1
Do you think this will affect the price of bitcoin over the next few days?
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