DCC digitalx limited
Add to My Watchlist 4.23% ! 6.8¢

I am somewhat new to trading (and super new to cryptocurrency)...

  1. Lukielarge
    19 Posts.
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    05/09/17
    11:51
    Post #: 27002541
    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?
    DCC Price at posting: 6.9¢ Sentiment: Hold Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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Last
6.8¢ 		Change
-0.003(4.23%) 		Mkt cap ! $100.3M
Open High Low Value Volume
6.9¢ 7.1¢ 6.7¢ $197.2K 2.870M

Buyers (Bids)

No. Vol. Price($)
1 35000 6.8¢
 

Sellers (Offers)

Price($) Vol. No.
6.9¢ 402151 1
View Market Depth
Last trade - 16.10pm 16/09/2025 (20 minute delay) ?
DCC (ASX) Chart
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