China legalizing Bitcoin transactions means Ali-express businesses are on higher volume !
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It isn't going to be a dramatic scoop alone pointing out to where the current is streaming towards nor to say that the price of digital coins such as Bitcoin would rise in value rather soon!
After China had decided it wasn't ready for Bitcoin two month ago, the price of the digital coin, alongside other digital coins, had to have dropped value dramatically. which they did.
More intriguing is what happened four years before such announcement, where the digital coin had actual zero downsides as an investment and suffered no depreciation, but the opposite, multiplying its value during such era.
Typical coins normally and quite naturally hold dozens of affiliating agents that causes the value of the coin to fluctuates. most are simple to understand (ask/demand) and others are heavier (interest rate, economy volume, country's stability, and etc.).
Digital coins, however, are subjected only to ask/demand issues, and to the obvious - "what people think about the coin", which is always positive when we know that we can purchase products with it.
The Chinese announcement this last Monday however, wasn't so dramatic when they altered their previous ruling, deciding to regulate digital coins somewhere in the following months.
In fact, from the get-go, the Chinese machine is being fuel by US Dollars, hence, a coin they have no domestic influence upon.
For the Chinese, who aren't threatened by the american's overseas, couldn't really care less about which coin to work with, but had to show a graceful hand for the american's for a period as courtesy, presented with two month's ago declaration of denying all commerce with digital coins.
It is obvious that any regime that find a way to tax a transaction, would allow all types of coins, not because of China's bullying anyone, but because economy, like life, will always find a way.
This is a satirical website. Don't take it Seriously. It's a joke.
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