Still, the ban is not exactly a ban on
trading Bitcoin entirely.
Not exact matches
The move to
entirely ban its employees to
trade in
Bitcoins is a bold one.
The second section appears to be by far the most damning at first glance; if interpreted incorrectly, it may seem to essentially state that
Bitcoin trading and offering products and services in exchange for
Bitcoin is illegal
entirely.
One of the signs of fragility of cryptocurrencies is that they are almost
entirely used to buy other cryptocurrencies, with a few notable exceptions such as virtual non-fungible
trading cats and of course the ubiquitous
Bitcoin debit card which can be used to pay for most things.
Based on the daily
trading volumes of both
bitcoin and Ethereum, it is
entirely possible that
bitcoin could reach $ 10,000 within the next 24 hours.
If you are
entirely new to futures
trading, you can start out practicing using the CME's
bitcoin futures
trading simulator before you place your first
trade with your broker.
Based on BitKan's user numbers, the real volume of OTC
bitcoin trades in China today is probably huge, but it's also almost
entirely invisible.
Bitcoin Diamond's valuation is even more absurd, since it is
traded at a valuation which would place it at the ~ 11th spot among cryptocurrencies worldwide right now even though background research suggests that the project may be
entirely fraudulent.
My theory as to why
Bitcoin Diamond is
trading at such a high valuation is that there's always going to be a handful of traders that either are
trading by the greater fool theory or are
entirely oblivious to fundamentals when valuating
Bitcoin hard forks (i.e. not understanding that the tenfold increase in supply means $ 31.6 per coin is actually equivalent to $ 316).