DCC 1.75% 5.8¢ digitalx limited

China, Bitcoin crash and DCC

  1. 19 Posts.
    lightbulb Created with Sketch. 4
    I am somewhat new to trading (and super new to cryptocurrency) so please bear with me.

    How closely will this stock mirror bitcoin?

    I got in at 8.4 cents and am worried about China eventually banning bitcoin.  I have read that they are considering this because bitcoin makes hiding money from the government very easy.  The ban on Initial Coin offerings in China yesterday seems to be a first step in the process of banning cryptocurrency there.
    https://www.cnbc.com/2017/09/04/bitcoin-digital-currency-price-falls-on-china-ico-ban.html

    If China bans bitcoin, this means that 20% of the world population would no longer be using it, surely this would be very bad for bitcoin. What effect, if any, would a falling bitcoin price have on the price of DCC?  How closely are they entwined?
 
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Last
5.8¢
Change
0.001(1.75%)
Mkt cap ! $47.65M
Open High Low Value Volume
5.7¢ 5.8¢ 5.5¢ $32.44K 577.4K

Buyers (Bids)

No. Vol. Price($)
2 67000 5.5¢
 

Sellers (Offers)

Price($) Vol. No.
5.8¢ 230752 3
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Last trade - 12.06pm 23/07/2024 (20 minute delay) ?
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