You are viewing a single comment's thread from:
RE: BIBOX Exchange - My new favorite exchange??
Good Information...
But you said they were running out of Shanghai?
The problem is China has banned icos, mining and crypto trading.
I am very sure unless this taken over by the government, you should be very very very very very very worried.
If you can receive the dividends without leaving the coins on the exchange I would do it.... Otherwise it sounds like a pump and close door dump!
Hi @richatvns
Thanks for your feedback !
I dont think i mentioned that they were in Shanghai, but i will do some research about it.
Your point is valid though, i know that most of these "Chinese Exchanges" moved their companies to Hong Kong (at least on paper).
China has banned Ico's, Trading, and mining (large scale mining operations), but the government is very bullish on Blockchain, and many of the leading companies developing blockchain technology are chinese.
In my opinion they are trying to regulate the space before letting everyone in, but that in the near future china will uplift the ban.
Sadly for coins like this you need to keep them on the exchange so yes there is a risk.
just use coss and kucoin or invest in neo if you want dividends....
of course if you want investment in crypto with risk mitigated look into crypto20 {c20}
yeah i am invested in Neo, and i have also invested directly in gas, as the ratio has come very high to Neo in the past and i think that in the future as they Ddapps develop on the neo platform the cost of Gas will really grow.
I have heard a few people mention C20 i will look into to it.
Thanks for the insight !