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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