BTCC Suspending Trading on Setptember 30th 2017 - Top 3 Reason this won't Matter Long Term

If you hadn't already seen one of the largest (if not the largest) exchange in China is deciding to shut down it's exchange in the midst of such uncertainty in China. If you hadn't noticed the only thing I can assume is that you don't do much trading or follow Bitcoins pricing very closely because over the last several days it has just taken a beating.

1. Exchanges are not Illegal yet in China

People in China, as far I know as of writing this, are still free to to do what they want with the cryptocurrency they own with the exception or participating in ICOs. Meaning even if BTCC shutsdown they can still move all the crypto they have to other exchanges in China or to whatever exchange tickles their fancy.

There seems to be a lot of miss information going around. I've read that there are inside rumors of this happening. I saw an article written 20 minutes ago that says China has banned exchanges, which could mean they've banned local exchanges or banned trading of cryptos all together so I've crossed this off for now.

2. Exchanges will always Come and Go

If all the other exchanges are inferior compared to BTCC that just opens the playing field for either a current exchange or a new exchange to rise to the occasion and take its place.

That's the beauty of the "wild west" that is crypto. With little regulation John Doe who lives down the street can open a faster, better, slicker exchange tomorrow morning if he has the skills. Corrupt or unwanted exchanges will always be caught or shutdown due to lack of activity.

3. Even if China bans Crypto to Fiat Trades this only Slows the Charging Bull

I've been reading there are rumblings that China plans on banning crypto to fiat trading as well. I think this is also fuel that is driving the crazy crypto selloffs we're seeing right now. Once again though I don't see this as that big of a deal as long as crypto to crypto exchanges are allowed.

Everyday more and more business's are trying to incorporate cryptocurrencies and blockchain technologies. PayTenX is working on allowing you to go to stores that don't accept crypto and pay with crypto in every day scenarios such as going to the grocery store.

More and more traders who used to use fiat or USDT to fall back to are taking the philosphy of staying in crypto and using BTC as a fall back startegy.

4. Ignore the FUD

Even if they are banned from what I've read China has banned and unbanned BTC multiple times. For all we know the Chinese government is huge investors in BTC and crypto and pull stunts like this to manipulate the market.

Yes this could all just be conspiracy theories, but until something official comes out stick with your trading plan, follow news sources you trust, and train based on your brain and not emotions.

Let me know in the comments down below what's one reason you think this will or won't matter. I'll upvote all comments that area dealing with this and if you have an article on this topic feel free to share in the comments down below!