Bitcoin Forum

$BTC and $ETH will be dead because of regulation of china that delisted or closed exchanges?

How do you think about that?

NOW PANIC SELL FROM CHINA.

i think no, thats just shit news from chinna. they just make sensation for make ppl dump they coin after that they buy all cheap btc and pumping back
like shit news about ICO ban from chinna just for make profit asian whales

BTC and ETH have remarkable price stability despite repeatedly decreasing with a variety of issues that are not very clear but will continue to increase after the bad rumors have been lost.
talking about the impact of China banning ico of course the price of BTC and ETH will be affected but it will not be so bad, we all certainly know about each country's marketing strategy must be different but the goal remains the same to lower the price of the top coin then buy as much as possible in order to increase their coins adoption.

Bitcoin and Ethereum are the ones that will stay even if everything else dies. When bitcoin falls, everything falls and when it goes up everything else goes up. Almost everyone in cryptocurrency market has confidence on altcoins only because of bitcoin. Bitcoin is the KING.

I've heard in a ytube channel that china can influence the value of bitcoin. China have the majority of bitcoin trading estimated from 50 percent to 90 percent...imagine what will happen if the president of china regulates bitcoin.

pretty sure that's not accurate

also, China banned Google,etc... This will pass

So you guys think this is just china trying to regulate some stuff, or this is a real conspiracy thing and they are doing it on purpose while shorting or something?

You are far away for the reality.

Just the China's strong of the day want their share. They will not kill their own golden goose. China is the main miner/manufacture/consumer and seller of crypto-currently and mining equipment in the world.

I see China ICo dont have any project make me interesting

This kind of news-driven dump has happened so many times in the past and will happen in the future
too. It is always a good buy the dips opportunity. This latest correction may end this weekend. 

A lot people are betting on the china news,  I mean if you said that both of the major coin such as bitcoin and ether will be dead and you can go out from there. because the chinese just try to make a bad moment to decrease the price of crypto.

Ethereum and bitcoin are crashing this morning, after China confirmed its recent threat of an ICO crackdown (reported here last Monday) when the central bank said on Monday that initial coin offerings are illegal and disrupt financial markets, according to statement on China’s central bank website. The PBOC also asked all related fundraising activity to be halted immediately, issuing the strongest regulatory challenge so far to the controversial if surging market for digital token sales.

What i dont understand is why all cryptocurrencies down ? Why not only ICO token ? Bitcoin is a mining coin it is mined to get. The coin could probably death is NEO and not ethereum. Ethereum is really st4on at other country not only on china. And the ethereum project also i see yh from rusia not china. Why biycoin and ethereum death ? The regulation is killing on NEO

Yep, I totally agree. Let's make a difference between the project and the value. Of course in the case of a strict chinese regulation about cryptocurrency exchange the price will drop for a while, but the project is still strong and sooner or later a wider adoption can compensate it and will result in a increase of the price  ;D

Btc and eth die ?? Are you serious ?? Do you think btc and eth users only come from china only? Lol
Things like this have already happened and it is natural that there is a bad issue about crypto there will be a panic sell.
I am sure this is only temporary and I heard that the Chinese government only forbids its citizens to join in ico, the reason is to protect its citizens from scam projects and we know that at this time a lot of ico. If we choose wrong then we will lose.

This is definitely another FUD! And without basis. BTC and ETH will continue until god knows when and then their respective prices will double, triple, and multiply several folds in the months that follow. There is already a news that a new regulation will be implemented soon in replacement to the temporary ban.

Lol. And you think Bitcoin, Ethereum and of cryptocurrencies will be dead just because of China's regulations? C'mon man. China is not the only big player of cryptocurrencies. We got US and Japan. Also recently Russia will intensify the adoption of bitcoin. They are here to cover and replace China. Anyway, China only bans ICOs not Bitcoin and Ethereum. So calm down. Also i heard some rumors that the ban is just temporary. But we already see drop at the price of bitcoin and other cryptos at the market. But it's going to be fine after they remove the ban.

+1
China big whale but one of. I think China gov will find another decision because now nothing only stop and ban. They understand that ban not stop crypto developments but in this case all will be without China. And this is big piece of money pie and influence.
BTC and Eth live not only by China as says higher.

China is keen to create its own market to avoid transferring money to other countries and it is likely to be very bad for the cryptocurrency market because Bitcoin prices will be greatly affected and China will control its people. This is a very smart act of the Chinese people but disaster for us.

LOL. What kind of prediction is this? Yes, admittedly China has a sphere of influence on both bitcoin and Ethereum, but there are a lot of countries like Japan, South Korea that are trading huge volumes in 24 hours. Bitcoin has faces a lot of challenges along the way before reaching the price right now. But I seriously doubt that it just die because of China's pronouncement. Other countries might take the lead here, like the one I mentioned and we may see a price dip, its understandable as well, but we will soon can recover from all of this drama and the price can go even higher as before.

- the volume of Chinese exchanges are not even half the volume of USD market in some place like Coinbase!
- BTC has lots of usages, all the shops online and physical shops in the world are accepting it. Japan, Australia, India, Korea, ... widely adopted bitcoin and accepting it as a legal method of payment. other countries like USA, Russia,.... have been accepted bitcoin but are processing the regulation of bitcoin.
- the adoption of investors have been booming in this decentralized cryptocurrency that there is no way of stopping it.
China has no significant effect on bitcoin

ethereum on the other hand is a very different beast.
- ETH is only dependent on smart contracts. it is all it does and nothing more.
- the only usage of smart contracts that people are interested in are ICOs
- ICOs are the only reason why ETH price is even up.
China will have a huge effect on ETH but it still won't kill it since China is not all countries!

ok, i will just because a random dude on the internet told me so :P

I think that's far from happening in real life. It's difficult to erase BTC and Ethereum just because China is regulating the use of these coins and banning ICO. China might have a big effect in the world of crytocurrencies but remember there are still other countries that invests in Bitcoin and Ethereum too.

As a former Newbie, I've learnt not to take messages from Newbies seriously. QED once again.

Cryptocurrency are supranational with P2P feature which makes it resilient to any county regulation or ban. On another hand the fundamental value of any Cryptocurrency is based on trust and utility of cryptocoins/tokens. China is important but not fundamental so its just short drop in value which benefit the all experienced traders. Lets make some money! I am buying in at these news!

Definitely no. This might have corrected the value of Bitcoin also, or else it would continue growing without limits, and then it might have bursted and downvalue itself. Also banning ICO's is to restrict those who just creates scammy ICO's, with no purpose, so yes, this ban was good for that. Bitcoin is still in it's $4000, and I believe it won't get anymore down, until the hard fork in November.

that is true. I think the China effect on the Bitcoin, Bitcoin Cash and Ethereum will be smaller day after day.

I don't think China is just creating some FUDs to manipulate the price of cryptos including bitcoin, Ethereum amd other big coins in the market. They always do that. That's why im used to their style. They are just delisting some altcoins which are no longer active and not exactly the Bitcoin and Ethereum. I see some people that are so skeptical about what's gonna happen to bitcoin and ethereum. Relax guys. Don't drink too much coffee

No one can kill them because they are decentralized and the regulation or delisting is just waste of money for countries and exchanges. This is just a short term effect.

Why you say bitcoin die and ether die because xhina srop using bitcoin or ban bitcoin. Remember not only country of china using bitcoin they have different country user of bitcoin and thats big investor . Even china not accept bitcoin anymore its big affect to the price of bitcoin yes it will decrease the price but for sure it will recover again after few days for sure and even china not use bitcoin ae are hereto support bitcoin even without the help of that country.

I hear they want block many China exchange . So that make people panic sell.

There is more to crypto than just china. They can shut down exchanges but crypto will continue to survive, especially bitcoin and probably eth as well. Bitcoin has a very large community and it is not restricted in china.

Totally right, if you blame China and sell your digital assets for free, this is only a big mistake, nothing else. This aldo means you don't trust the future of crypto as well. China's decissions are only temporary. They will reverse this, I'm pretty sure.

Most of BTC miners are in China, if people in China will stop mining BTC how can it affect BTC itself? It won't make BTC transactions to be processed even longer than they are processed now?

They definitely won't be dead. Maybe their price will drop significantly next days or weeks, but especially BTC won't be dead.

No. The news was fake. Also if China actually regulated Bitcoin and Ethereum it is probably to stop money laundering, corruption, etc from taking place. This means that China is accepting Bitcoin and Ether as real and legitimate "items" of value and the market would like it. The price would most likely dip from the panick sellers but then rise back up to even greater heights once people realise that the regulations mean that China recognises the value of the coins and the crypto world even more.

BTC and ETH are decentralized crypto currencies. Any government or any country can not kill those crypto currencies. They will die if only we stop using, mining, talking about them. They will die if only we stop believing  that they are going to be money of future.

Everybody that think that Chine is going hard after exchanges, ICOs and crypto in general is very naive. China will put out some good not-so-strict regulation and see cryptospace explode in Chine, which means lots of good companies, jobs and some tax money.

so another newbie nostradamus appeared, telling us that the future is dark because of china, next time it will be a hack, then again usa regulation and after that the cicle repeat with china and so on...

don't get it wrong OP but you need to better articulate your theories

I agree, there are alot of people and countries investing in btc now. I think that btc will not die. It is now still stable and i hope that it will be stable untill china will unban.

Some minor coins will surely fall, because of china, but the big coins like btc will not.