Bitcoin Forum

Chinese govt has decided to ban the local bitcoin exchanges. [1] This is pretty big news considering one of large market and mining firms are located in China.
Do you think this would affect  bitcoin world and bitcoin price in negative way or positive way?  Some say china is doing so because people are bypassing the banking system and in turn the government regulation using bitcoin.


[1] http://www.marketwatch.com/story/bye-bitcoin-china-to-ban-trading-of-virtual-currencies-2017-09-11 (http://www.marketwatch.com/story/bye-bitcoin-china-to-ban-trading-of-virtual-currencies-2017-09-11)

I don't think this is anything new. If I'm not mistaken China already did that in the past. I think it will of course affect the price of BTC, because of all those panic sellers, and all of those that just use BTC to trade. The thing is, that China, although having a lot of users with BTC, does not really control them, and are not even banning them. So BTC will continue to be a good way of holding value. So the price will go down a little, and them will just recover, because the guys that know the true value of BTC, will just hold them around the world.

One last news so they can force weak hands to dump and then buy bitcoins on the cheap. That is, if they don't further try to ruin it. They've already banned ICOs and are now planning to shut down exchanges, where do you think the miners will be able to cash out their earned bitcoins? Oh.... what if there'll be no mines after this?


They can go apeshit further and close mines. They don't need to ban bitcoins to deal it a heavy blow. I wonder if the large mines close, if it'll become profitable to mine at home again.

those news are not new. bitcoin price already down 10% with this news. why still opening new thread with same news?

China always has an effect, they are also one of the largest users of bitcoin, so if China banning bitcoin exchages this is bad. but I still believe bitcoin will at least strong enough with such issues and could quickly back to normal.
 

Actually good. China has already the monopoly of mining, this is will annoy them and spread things out, you don't want China to have the monopoly on Bitcoin volume too.

It got demonstrated after the PBOC regulations that China isn't that important for the Bitcoin market anyway. Once they got rid of the fake volume, it got shown that the importance of China was overblown. So once again, only noobs will dump at the news, smart money will buy any further dips, but seems the price doesn't even react to it anymore.

anything that hinders the development of BTC hinders the develoment of cryptocurrencies in general, so it's definitely bad
from the other side, more regulation means that more mainstream investors might be attracted to BTC once it's regulated. It's a double-edged short

After reading the news, I realize that its not still different from every other news that have been circulated round the web to still create unnecessary panic and heat the polity. The fact still remains that, its still an intending action to be taken and until then, the discussion can now open as to whether its good for the market or it will make it worse.

I think they are not really banning itbut press "pause" till they have regulations for the cryptomarkes.

Why do I think so ? They want to regulate ICO´s, what sense would it have if ICO´s are regulated but there are no Exchnages  ;) :D

There's a chinese guy here that said, china government tends to "temporarily ban" things, which is why he is not worried about it.

China will realize their mistake once they come into terms with the fact that bitcoin is not going away, ever, no matter how much they ban it, and that if they don't embrace it, they will be lagging behind against the rest of the world.

This is more insider trading by Chinese government, do not dump your coins, just buy the dip.

Of course this will greatly affect the rates of the Bitcoin for short term, but it won't stop it from growing. Unlike other currencies, Bitcoin is not limited to a particular country or it banks. Even if China government tries to ban and stop the Bitcoin, that won't really have huge impact on the value of Bitcoin for long term. Although, it is a bad news but it is also an amazing new when you try to see positives in it. Such kind of actions by the Chinese government will give panic to the Chinese people who hold so many Bitcoins and thus because of grief of loosing their hard-earned money they'll sell their Bitcoins for cheap rates then the market. It is a great opportunity if you have enough money to purchase Bitcoins from those holder at this moment. You can easily resell them or hold them for more profits.

China banning bitcoin exchanges will surely affect bitcoin prices. People will surely urgently sell or trade their bitcoin for lower prices due to panic and fear. But prices will recover.

I read it somewhere that China might ban the operation of Bitcoin exchanges but will never declare or ban the OTC and peer-to-peer transactions of Bitcoin as illegal. Therefore, Bitcoin will still be around and people can still own them. However, as of now, some are speculating this news to be just a rumor as there is yet no official pronouncement from the authorities...so it can be a waiting game for this week. Some are also saying that if ever there will be a ban on exchanges, it can just be a temporary thing. But if there is one I love of all the comments on this topic it is the fact that we need to invest on what China banned...well the guy can be talking about big companies like Facebook, Twitter and Google which are doing fine even if they do not have a good presence in the market of China.

this is very bad news. currently bitcoin prices have undergone many corrections.
so if there is bad condition again then bitcoin price will continue to fall. this will make many people lose.

Yes, I agree to this. China is a big country. If China banned bitcoin exchange, many bitcoin holders will dump their bitcoins. We already had seen the effect of it. The price did go down. But of course it will bounce back. With people's trust in bitcoin, they will make this an opportunity to buy bitcoin because the value is low, so the more demand, the price will go high. And yes, it will recover soon.

Which means its still useless.If they would regulate ICO then for sure investors either would be interested on it or not but i do believe interest would really decline on this matter. For now on the current news on Banning things it does really give impact on crypto world which we did see that prices do dips down but eventually prices would really recover soon.China news doesnt really bother me.

as it is rumored that China's decision is the best in the country because the ICO is vulnerable to money laundering risks and terrorist financing risks due to the anonymous nature of the transaction, and the ease of large amounts of money can be increased in a short time, "MAS, Singapore's central bank,

this new will bee bad maxim 2/3 days after that btc go up in they way

I am getting more and more the impression that China banning the exchages would not be such a bad thing after all.
Sure in a short term the price would fall.
But bitcoin is just at the beginning of its evolution. Bitcoin would recover, and I think it would recover faster than we all expect.

If not now, when would be a better time to handle the problem with the concentration of too many exchanges in one country?
Long term, bitcoin would benefit from having exchanges spread equally all over the globe.
FUD news could not have the effect anymore they have today.

There are no sources and the are no announcements from the government yet. If this happen to be true though, I don't expect the exchanges to announce it. They'd probably just try to find a way to escape with the money. With many Chinese getting livid and asking the government to do something. Which is why I think the government wouldn't do it. They already have the power to halt activities in the exchanges if they see fit, no need to just shut them all down.

If china ban bitcoin exchange , there will be 2 side good and bad happen:
- Good: china is known as some fucking mafia always try to pumd and dump the coinmarket to earn profit from it. So if they get banned there will be no more overrated price in the market anymore.
- Bad : china is known as the biggest crypto currency exchange in the world, so if they get banned the price of the crypto will all drop , bitcoin will get a big hit one cause many investor in china will exchange bitcoin back into their real currency , so i guess it will damage real bad at the crypto economics.
So finally i think the best way is china will not be banned from bitcoin exchange.

Not sure if what was written in that news was a definitive that China is indeed banning bitcoin exchanges. As the article only stated that there are plans to do so. If, however, it does pushes through then it could post a potential problem for bitcoins indeed. The problem is that other countries might try and follow suit what China has done and ban bitcoin exchanges too.

China knows this news will push the price down. It is possible they released this news deliberately to lower the price and give themselves a good buy position before the next big pump. There's no guarantee the proposed ban on exchanges will be enforced. China has a "one child policy" which wealthier demographics are able to buy their way past. In china it may be much easier to avoid laws and regulations with bribes than it is in the united states or most western nations. This ban doesn't have to be a hard ban etched in stone. It could have no palpable effect over the long term.

When people discuss stock markets and topics like price manipulation come up. This type of news can fall under price manipulation. The information doesn't mean much within the grand scheme of things. But that doesn't matter if the end goal is to move the price in one direction or other, with the intent of profiteering.

This is going to be terrible ,if China makes such a move  it will affect a big amount of bitcoiners, trading will be traders for Chinese and non Chinese people.  A large amount of bitcoiners belong to China and the price of bitcoin and other crypto currency might be affected.  Individual miners and miner firms may also be affected by this. God knows what China is up to and what they might end up doing in the future.

It would literally crash the market considering that as stated that most mining power is from China. most of them Chinese bitcoiners would sell their coins for their currency.

Its either price manipulation of some insider information or some of the Chinese entities that really benefit from this such announcement coming from them. Imagine the timing of their news, we are just enjoying a massive bull run and then they derailed it, but already some of them have dump their coins already to take profit then buy back bitcoin in this dip. I can't really fathom why is there a u-turn, when in the beginning they are going crazy and putting a lot of mining farms in the last couple of years. For me, they are entities behind coming from them with the inside information ahead of the declaration dumping in already, and just like you say, with the intent of profiteering.

I believe that its a fear hyped campaign to make a new entry point for rich people. I believe that if China bans the exchanges, the coins will have greater scarcity involving a large % of the trading population. There will be less coins floating around being traded, meaning harder to sell, harder to buy. I think the price will increase because the coins will be in fewer hands than previously, a consolidation if you will. I am not selling.

There are many news from the past that bitcoin got it's dumped little of the price. So I don't believe this will give a huge impact to bitcoin to over dump the price. Somehow, bitcoin will recover and will continue to increase. Others will buy back at a good price to earn a good profit.

It will be bad for Bitcoin, there will be a panic sale from the investors and that will  caused the price will fall down, we will lost users, china's users is quite a lot consider that a lot of them were mining Bitcoin, I think the government is overreacted but since the decision has been made we will see how is the next progress

Of course bad, because china market is the biggest in the world and price influence from china exchanger is very big. I hope it does not happen and bitcoin can be freely traded in china and elsewhere.

It is a bad idea for the China to ban bitcoin exchanges because it will become a huge effect in the market and a lot of people in china will not be able to trade or buy and sell bitcoin because they don't have an exchange to use but as of now, i can say that it is not happening because if China ban all the bitcoin exchanges then we can see at least $1,000 bitcoin right now.

Bad for the Crypto markets. If Chinese people can't trade as easily, less liquidity.

Everybody is already discussing this like it's set in stone.
I'm in doubt it's even true.

I believe even the Chinese government banned the local bitcoin exchange sites. Bitcoin will continue to soar. Many countries like Korea, Japan are adding Bitcoin as a mode of payment.

It would be bad because many are mining bitcoin in China and if they suddenly pull out their investment in crypto then bitcoin and other coins would take a hit but then bitcoin would still recover and would continue to rise. Bitcoin has taken some major hits before but look at it now, still soaring higher and because bitcoin is much popular now compared before then bitcoin would still recover. A simple rumor alone made a hit to bitcoin's price and the news followed but there are other countries who are actively promoting it along with other cryptocurrencies thus making it more stronger. There are others who are waiting for the price to fall down more so that they can buy it cheap.

For the new ones that just entered the crypto world, this is a test whether they can take the world of volatility of crypto and those who have strong risk appetite would remain and others that just can't take it would likely exit the scene selling at a loss. A lot is happening in crypto world and this would be something new for the people who traded stable securities before thus a huge change of price in just minutes is quite shocking.

I think in some factors it would affect Bitcoin because lots of chinese investors engage in Bitcoin trading and as we all know Chinese are very good Investors. But I think that is just one factor because there are still a lot of countries investing in bitcoin and that wont stop because it is worldwide and China is only one country who bans it.

this news could affect the bitcoin price yesterday. since china prohibits ico bitcoin drastically down sharply. but there are some positive things behind this china instead of bitcoin banned. but china banned ico. the reason is because this is illegal by way of fundraising in outline here bitcoin harmed and affect the bitcoin price of course china do not want to take risks. so in fact this becomes positive for bitcoin in the future.

This is very good news for us and bad news for the fellow Chinese. This is because china is anyway very bad at handling the worlds concern and they are more focused on how they could destroy the world economy. At least we can sense that from the many of the events that has occurred because of china.


Anyway, I would go straight on effects now. Considering china ban on exchanges this will reduce the investment from china side meaning the volume will decrease significantly for bitcoin and altcoin as well. But this effect won't last longer as more investors will be produced from the rest Asia Pacific region due to deceased price of bitcoin. So it looks like a good and bad in both ways and if you are very broad minded investors then you will find this as good news as it is creating new opportunities.

The ban on all Chinese exchanges, if true, would be very bad for the liquidity of BTC. The Chinese people accounts for a large percentage of volume, without them, BTC could become more volatile that it is today.

The market prices of every cryptocurrency would also go down because of negative and bearish sentiment.

In a long term basis,it's good for bitcoin progress.Its because bitcoin has already suffered a lot due to price manipulation by chinese bitcoiners and dominance of bitcoin miners.We could not forget the hurdles created by chinese mining pools and miners in activating segwit.Earlier,bitcoin market was mostly dependent on china for every thing.This move by china could hurt bitcoin price temporarily,but in the long run,it would help mining pools spread in all parts of the world and by this way,the dragon era would finally come to an end soon.

I'm still confused about that news, so China government only ban ICOs and local bitcoin exchanges right ? So chinese people still can use bitcoin and use outside exchanges like bittrex and some else ? Actually it's bad for chinese people who use bitcoin on their country but it's also give a bad affect into the bitcoin price nowdays.

OTC trading will still be legal, if the exchange ban goes ahead it will accelerate move to genuine P2P trading,

Best example I know of for P2P trading is BarterDEX

Click image for demo of using BarterDEX
http://i67.tinypic.com/10pn2vs.png (https://www.youtube.com/watch?v=bf371VQRh0M&feature=youtu.be)

Part good and part bad.
The bad part is it affected the bitcoin price and it fall down for a number of dollars and we don't know what else could happen after this.
The good part would be that they have taken care of the fake ICO's that are designated in their country and that could also have a good effect in the ICO world.  ;D

What's ironic of all of this is the fact that millionaires buy bitcoin over the counter only, which is why (if it's not more FUD-nonsense) China wants to ban exchanges, so once again, poor people get fucked by them while the rich are free to trade around with Bitcoin. It's obvious that they like Bitcoin for themselves, not for the people. They want to control them and Bitcoin gives access to a global market to everyone.

Hold and we will defeat them.

I think it's bad news because a lot of people from China are investing in huge amounts. with the ban may be the amount of investment will decrease.

If that so, that government of china ban the local bitcoin exchanges their is possibilities that bitcoin gets a bad impact too because that was one of the foundation of bitcoin but I do believe that bitcoin eill conquer those because of some foundations left in its side. It is not only local exchanges of china but their are more connections. Bitcoin can stand because of it's great foundation that bitcoin build since it was started. Their is a good impact too because "if door close there will be more doors to open". There will be a new great foundation to be there to function again.

Of course bad because china is the world's largest bitcoin user so when they are banned of course will have a very big impact for bitcoin prices.

I think China's ban on using BitCometin locally will undoubtedly affect Bitcoin prices. However, Bitcoin is distributed around the world via the underground system, hiding account holder information, so there are still people using Bitcoin in China that will happen. Because they recognize the potential and development of Bitcoin

of course it will cause a bad thing, because china is very strong in the field of mining, so when they issued the regulation semcam it, certainly will cause an extraordinary effect for the world of crypto

 China is a huge market of cryptocurrencies. Their banning of Bitcoin exchanges will definitely have a negative impact on the market. Market might experience a relatively large dump. But market as always will ultimately recover and will come back on track.

Looking at the price movement now, obviously bad for btc.

Of course china is a big market for cryptocurrencies and by banning exchanges its really give a huge affect into cryptocurreny world. Look at the price of bitcoin right now, the price is falling so hard. Its around $4,030, i'm afraid it will continue fall more deeper than before.

Do you think its only the Chinese who try to manipulate BTC's price? That would be naive of anyone if they think thats true. Market manipulation happens everywhere and can be done by the select players from different counties. By taking China out of BTC trading, it would make it a lot easier to manipulate by the players left because of the reduced liquidity and volume.

I have two points on this and it's positive and negative.
1. The whole bitcoin world is affected and every time we are seeing a negative news in China, the price of bitcoin get's down.
2. And for those bitcoin miners in China they can possibly shift into some other alt coins and leave bitcoin and this is positive to their other miners around the world because the competition will reduce it's difficulty.

With this current decision from China I think it's both good and bad. Good because if it does happen, chances are the coins will drop down its price giving chances to the investors and people as well to buy bitcoin at a cheaper price; bad because it won't look good if it happens. What about those people who are trading and lives in China, they won't be able to make a transaction because the government issued a ban of all local exchanges.

I agree. These issues regarding bitcoin will surely pass in time and I am sure  the crypto market will just recover after that. I'm excited to see bitcoin in the $5K mark.

Definitely,see btc value now it lowers to $4000 , China been affecting its value this past week and does really make big commotion onthe btc world. Hope it can fixed their issues on it.

that is just some news from China. I believe China will not ban any exchange. They always say that but never really do

It has a big bad impact on the bitcoin value, because bitcoin investor will decreases if that happen, more people in china stop to used bitcoin if all exchange was getting banned.

This will indeed set a bad example for countries which were/are seeing bitcoin as enemy to their economic-control. Here China was and may be is one of biggest marketplace for bitcoin. This ban may be followed by others in future if they sense threat.

We cant really blame them because there was another news that they ban ICOs in china. Maybe this is the result of that banning. Most government would see btc as an economic because it is virtual. They really dont have a full control of any virtual currency so i guess they may start there own virtual currency so that they wont be left out in this kind of investment. Maybe they banned it because they already have there own virtual currency.

Indeed. If you see the immediate effects are visible. The bitcoin price has tumbled below $4000 and may continue same path for few more dollars. Best part is bitcoin will rise higher and grow stronger in its recovery. We have seen bitcoin doing that again and again. Every fall in price is followed new and higher peak price.
Thus in way this is great time to buy bitcoin and earn profit when bitcoin  goes in bull-run phase.

This makes sense when one observes how online trading/shopping happening in China. Everything is connected by single chinese government controlled app. At this point bitcoin is posing threat to this control. Nothing wrong on Chinese govt part as they are trying to get everything in line. They may introduce their virtual currency as it is less hassle and easy to administer.

You have a point there. Since the china is the biggest country in asia then it is also hard for the government in china to control all the transaction of the people there so they need something that is easy to manage and that is not bitcoin and they already introduce some online payment app that they can use just like bitcoin and they can promote that more than bitcoin in the future.

Well maybe soon we can hear about that china coins later this year, since China really been influencing btc downfall this past weeks ,it evident that they are playing a big role in btc price.

Whenever Bitcoin overcome an obstacle, another one appears. News China banning icos and exchanges falls into this category. Obviously it does not look good right now, but any slight act, can be a game changer.

Just in case China would really ban its exchanges, how bad would the outcome really be?
How deep do we expect bitcoin to fall after such a move?
Personally I think the consequences are overrated. Exchanges have grown in other nations as well, it does not all depend on China anymore.

I think the fear of such a move is harming bitcoin at least as much as the actual closure would do.
In fact, after a closure we would know what we are dealing with, an the uncertainty would be gone.
And exactly that uncertainty is what keeps bitcoin down at the moment. Once that would be gone, bitcoin could start to grow again.

i think china will effect in bitcoin price   because till now bitcoin lose 12% of it price now we talk about 4,000$

Indeed, a few years ago, I think this news would have been much more crippling to the price. A 20% move considering the FUD (and the technical case for a price correction) is really not unreasonable, all considered.

I agree that uncertainty around the supposed ban is keeping the market down. And I think the market has already fallen considerably on the news, pricing it in to some extent. I hope the PBOC comes out with an announcement that clarifies the situation. Maybe this has all been blown out of proportion.... that's another possibility.

Even if we denied it, china as a cryptocurrency country they can easily affect bitcoin not much but enough for other users to panic. It can be bad in short term as the price of bitcoin decreases as what demand is now in low rate in co-relation of high supply due to rapid selling by unsatisfied bitcoin investors. But in a long term this event will eventually be giving a hint of what might happened again and we know how to handle it better.

As of now the price of bitcoin decreased because chija ban bitcoin and I think thats the bad effect. But I think they have good effect also because if many people see bitcoin decreased for sure many people buy again so the price increase again and possilethe current high price will be increase more than the current price and you will earn a lot of profit. Butwe dont know what will happen in the next few days.

Well banning Bitcoin in China might be a good news for some of the Bitcoin holders as the investors of Bitcoin there might get panicked and in fear they might sell their Bitcoins in low prices ao definitely bad for them... And meanwhile  Bitcoin price might be affected... Don't know if they'll be affected in a good way or bad way... But they might definitely get affected. :)

if question is about good or bad, i think banning bitcoin exchange in china have good and bad affect. why good? because when bitcoin got banned the china's government will be easy to oversee an "illegal" project. and then to avoid the ease of "digital wallet" infiltrated by viruses or hackers can evaporate in seconds without any guarantee can return a dime. in addition, places or parties that facilitate Bitcoin transactions may also be subject to hacker attacks or suddenly bankrupt so many people who have been using their services are subject to loss. This loss can not be reported because there is no law in it. that's why banned bitcoin is Good idea. and why bad? because when bitcoin got banned, when bitcoin is banned, investors in china will find it difficult to invest their shares because it will go through many licenses to the government and follow the exchange rate prevailing in the state bank of china. this is feared will reduce the desire of investors to invest their shares. and I think, other countries will learn the impact of good or bad bitcoin in banned from china. if it is good, then many countries will follow it and if it is bad for china, I think other countries will not follow it.

China’s decision to ban all ICOs September 4 shook the world of cryptocurrency to its core. As a result, by Monday afternoon in the U.S., nearly 20 percent of the combined asset value of all cryptocurrencies disappeared, with total losses approaching $38 billion.

I think by taking this decision of China, have both side impact. for a group of people, it brings a good news but others will suffer a loss.
in China, all of the things have to face a ban at the early stage but at later, China government will get benefitted from that sector. that's why Banning Bitcoin is not a panicked news for Bitcoin users. it will be free very soon.

Bitcoin price fell down to $3800 I am expecting the bitcoin price to drop more and have no idea at the moment where it can fall to. I guess this time bitcoin will take quite long time to recover it's price because no one in China is going to take a risk to buy bitcoin and go against the government policy about the cryptocurrency. I was expecting this to be happen because China was the one with the biggest trade of bitcoin in the world. Things are not the same now I wish Chinese government takes it decision back of ban on cryptocurrency exchanges.

They would really do such thing on which they would remove that ban later on and business would go as normal again on bitcoin.It would still really go lower on its price even more on these upcoming days and as you said I don't have any idea on where to prices go.It does really give a bad impact on the price because of that Chinas decision regarding on banning ICO or even on Bitcoin.

Obviously, it affected Bitcoin especially at this moment, negatively. The market value of Bitcoin fell and now less than 3900$ from being 4500$ in just a short period of time. And the dumps is continuous at this moment. But we still need to compel holding into our Bitcoin. The only thing that we can do is to wait for its market value to increase again, patiently.

Banning of Bitcoin exchanges with the premises of China is a bad scenario because as far as we all know, and we can observe, the current price rate of bitcoin is now experiencing a real hard scenario in which the price dumps real fast that is really alarming and has a bad effect to the bitcoin users earning that we take hold and save for a long period of time.

China has only to lose if they ban Bitcoin exchanges. It's a business with great potential, and I think this will only grow in the future.

I'm also surprised that they don't realize that they can't stop technology. This will only cause the emergence of decentralized exchanges, anonymous exchanges and p2p trading.

In my point of view it is not a good decision to ban BTC as it is globally progressing so one should join the race of progress instead of banning it. Bitcoins have brought all the nations on one platform and is acting as a bond between all countries, so it would be stupidity to ban bitcoins.

They didn't ban bitcoin directly, they banned ICO's and shutting down on the Chinese local exchanges. In the global perspective, its really not good to put the hammer ban specially on exchanges. However, we should remember that they are a communist nation, and as one, they want to control everything.

But the good news is that they are not closing local trading platform but might introduce new laws and regulations so that they can continue to operate in which the exchanges cannot manipulate the price. And China is not bitcoin. Bitcoin is global and there are still a lot of bitcoin friendly nation such as Japan and South Korea.

It will have short term effects like what we're experiencing right now but it isn't bad. We would benefit from china banning exchanges so that the coins maybe distributed evenly on the market. Besides, china has been causing a lot of FUDs this days so getting them out of the ecosystem is really benefit for us other users.

Stop spreading FUD people, BTC hasn't been banned! Bitcoin exchanges are still operating and most of them will continue to trade for the next 2 months. The government will then decide if it wants to shot them down completely or make them accept a new set of rules or apply for a licence.
Either way they will most likely keep on trading and everything will be back to normal.

If they'll ever close down exchanges there (which I think they wouldn't), then it is good for us and bad for them. Money Chinese citizens invested in bitcoin would evaporate into thin air. Those left in exchanges they might not be able to take back and if they did they'd be worthless. Same with those in their wallets. As for us, bitcoins would be cheaper for a time until some other country take the lead.

Now let's just hope they don't close them mines as well.

China does not want to close legitimate exchange but only those who does not comply with their standards.  I read that these exchanges are closing because they do not have license to operate and does not comply with the requirement of the Chinese government.  People mistakenly understood this and think that China is banning Bitcoin.  I think they just wanted to clean their country of  exchanges that does not follow their strict requirements and possibly prepare a cleaner services for Bitcoin.  Probably this is better for the future of bitcoin.

China closing down exchanges would be the dumbest thing they could possible do, and they are not that stupid. China are masters at manipulating currency. I think the recent dip and huge jump are caused mostly by them, actually.

That's why there's news though not very reliable that they are doing so to regulate exchanges. During all this time when the prices crashed Chinese must have bought a lot of bitcoins I guess so it's no wonder that Chinese did it all to manipulate the market in an attempt to accumulate more.

I really don't think China is going to actually "ban" anything.  They're making a lot of noise right now, and they probably do want to regulate it -- maybe so they can tax it, but certainly so they can control the money flowing across their borders.  That's going to have an impact but only time will tell how much of an impact it will have.

I just found out the price dropped yesterday. because many users panicked because China wants to banning all bitcoin markets in their country? I think even though banning happens you can still use it because they can only access restrictions on exchange only. not directly on bitcoin so you can use bitcoin freely

Initially it will be considered as a bad news and a lot of Chinese people will be selling out their savings for cheap. So we have all seen a bad time already since last two days. However, I believe that it will be a good news for the majority of us because the Chinese government is a communist government and they just don't bear the well being of their citizens.

Chinese government just want to oppress their people of any luxury and they want their people to be dependent on their government. However, I am glad that rest of the world is with bitcoin and we just don't give a damn to China. We are good without them.

Of course this is bad news even very bad, we all know that chinese is the biggest bitcoin user so when there is discourse of china banned bitcoin government then everything becomes chaotic.

From where I see it, its bad in its entirety. The Chinese government might see it as the best line of action but to the crypto world, its bad in the sense that, if they eventually decide to reverse the order it means that the exchange sites must have given in to some additional conditions which might not be unknown to the general populace.

If the order is push forward and all sites shut down, it then send a message to the rest of the world especially entrepreneurs, investors, and corporate bodies looking to set up and finance project in the crypto industry to think again and be sure that's the right route because after they must have spent a lot of money, government might come to shut it down.

In anyway to look at it, the costs of this decision, has outweigh the benefit.

China makes the biggest portion of the crypto market and hence their action of banning bitcoins and exchanges. We are to stay strong even when the prices are going down. Hard times are the part of successful life. There are maximum chances of bitcoins to be the upcoming international currency.

In any case, China's ban on ICO and the trade in crypto currency on the exchange are bad news for the crypto currency and led to a sharp drop in the price. By the way, it will not be restored until the problems that have arisen in China are resolved.

i think its bad for china because they don't give a chance for their people to trying a new way to make money. beside that, i think they rejected a new good technology which could help their citizen to fix their economic from bitcoin because we know bitcoin is another source to make money. and if they really banning bitcoin then their citizen will find another way to keep using bitcoin and i am sure that they capable to do this.

yeah I think banning bitcoin is really bad news for bitcoin users that's why many users panic and sell their bitcoin lately, Chinese authorities think that bitcoin is harmful to their economies, when it makes, the economy in their society becomes better, the government only looks at one side only, that is losses earned by the government itself without seeing the profits that can be by their community

The chinese people are one of the largest players in the bitcoin market and crypto in general so i don't think they'll proceed in banning exchanges entirely as they have more to achieve from it than to lose.

of course it's not a good decisions because it will make it more difficult for bitcoin users from china to get/buy bitcoin but think about this, if the goods are getting harder to get, of course the price will be more expensive (market logic), and when bitcoin gets harder to get it will make bitcoin price will higher right?

I think this is the biggest storm and test of bitcoin, I say this is bigger than the segwit issue, I'm afraid if this is true then all bitcoin owners in china will sell all the bitcoin they have so the price will drop.

Their main target is to make it difficult for the people to transfer the local fiat into crypto currencies and bring it abroad after that.
That is something many chinese people and businesses do. Not only with cryptocurrencies.
All together the chinese economy has lost about 2 Trillion dollars during the last five years to people who bring their money out of the country.
I suppose that is why the exchanges will be allowed to make crypto to crypto transfers, but the Yuan to crypto transfers must close.

No doubt! it will be bad for the bitcoin because there will be a huge sell by the investors and it will make the price of the bitcoin fell down, we will miss the strength of the users the china investors are quitting bitcoin many of them were mining bitcoin. I think it is the fault of the bitcoin system however! Let it be and just hope for the best in coming days now.

As we can see from  the value of bitcoin today, the situation with the exchangers in China has a uniquely very bad effect on Bitcoin. But Bitcoin's value  is gradually recovering. And all will be OK. For Chinese people this situation is much worse.

Bad for bitcoiners in China as they can trade cryptocurrencies but the effect for global exchanges has passed.
Bitcoin will always recover with or without China exchanges as proven before when PBOC halt exchanges in February.
But, we may have to wait a little longer until bitcoin price could reach over $5000 again, depends on the next big development from other countries which support bitcoin.

Because china ban exchanges of bitcoin the price of bitcoin decrease because many people sell their bitcoin or panic selling . But as of now the pric3 is 3700 dollars and for sure it will increase again and maybe we the price of 5000 dollars even china ban bitcoin. Because if many people see the price decrease they have many people also buy bitcoin . Lets show to china even without their help we can reach antyhing that We want price.

Maybe we can consider it a test in crypto world how strong they are in the market. China issues about bitcoin could affect the crypto world and bring them into a sudden drop. But as we observe now, bitcoin begin to recover from its loss. Even though bitcoin isn't reach the peak price but it is proven that bitcoin is strong enough for that certain scenario.

Banning bitcoin in china has a great impact to us. We can observe that several days before from now, Bitcoin price decreases. This is because there are many investor from China. It is a great loss for us the users and the whole Bitcoin community.

Banning bitcoin in china only leads from bitcoins to drops. Looked what happen to the value of bitcoins today, that is because of that incident. It is going to be hard for the other investors just like us who are holding our bitcoins for a while. And it will take a while before it will rise up again because china is a big place where there are a lot of bitcoin enthusiasts. And losing them is just lossing clients in this business.

China seems so threatened by bitcoin - bitcoin is fast and growing and a lot of people are knowing it, a lot of people are investing money on bitcoins and the government cannot control it. China seems afraid with the potential of bitcoin in a country's economy.

china had said will ban btc since 2014 dont care about china,japan and other advanced countries that legalized btc is more important

That's right that China is one of the largest market holder and firm around the world and maybe it's a bad news because China is one of the location of the world's highest investors and investment being done.The banning of China on Bitcoin makes a negative impact especially in the Bitcoin community because we lose one of the highest investors.

If you do actually read up the links/news regarding on this thing China didnt actually trying to ban bitcoin but they are Banning ICO and Closing exchanges  which it did really give serious effects on bitcoins price which it dips down again came from 4k price range and now we are playing on sub 3k price which means they do really have the influence on cryptoworld but still we can hold on this thing without them.

Currently, we all might be looking at the effect of the ban and the news surrounding such as something that is bad but looking at the big picture, I would say its all good because one sure thing is that bitcoin is coming back  stronger. It then means that bitcoin is now immune to one more big thing and if this does not happen to test how strong bitcoin could recover, then there is no way it can stand what is to come in the future.

i'd say bitcoin is a sensitive thing and that anything can and might influence it either small or big so this matter will certainly have a significant effect because China plays a big

role in this industry. and to answer the question no matter how you look at it, its a negative thing thats why its sane to think that it will also produce negative effects which is

literally what happening on the past few days and now as you can see on the charts. I'm already used with these things so i know will i do and its nothing to worry about

When the market doubt by the FUD of whales, that is the time for whales go to buy Bitcoin and enjoy their profit while loser are feeling sadly after take loss. Of course, we can not replace this rules, trading is a game and it needs have winner and loser.

It is true. It doesn't matter how big or small the changes to bitcoin because if it would happened on a big country like China it could be a factor of a big difference in terms of transactions. So for me it is always a bad thing for Bitcoin, we all know that Bitcoins development rely on the support of people and if price would stop supporting bitcoin in terms of transaction.

As it seems china plays biggest role in bitcoin price, their one word changed price a lot in 2 day as we see. It's now growing a little but don't have hope it will continue in near future. If china's this move will affect bitcoin again so much, it won't be safe to my mind. Many bad and big guy in economic industry will move bitcoin as they want, it will become absolutely random profit source for big players. It's my mind.. On another hand a little fall will be good to buy bitcoin and hold for long term profit.
We mustn't let them to affect bitcoin's price like toy.

I do not know whether it's good or not, it depends on how you look at the current bitcoin price. well, for the person who invested the money in bitcoin, when the price is still above $ 4000, I think this is bad enough. but, if it waits in a short time, maybe the bitcoin price will return to the price of $ 4000. and this is also an opportunity to buy bitcoin.

I don't think we're looking at the same charts. The price is up by $4000 this year. It wend town by less than half of what it was up this year after the news from China and it's recovered some of it in just a few days. A downtrend that lasts for a few days is not a downtrend. It's a spike, a sudden panic that passes. China had much less impact than it should have which means people don't care if they close down the exchanges or not.

We have withness the negative effect of the China action on bitcoin and crypto currency in general. Although, the market value of bitcoin and other altcoin are gradually picking up.

Obviously it loses value with a smaller community.

China has one of the biggest bitcoin users community and this news haven't shocked bitcoin community because this is what we were expecting that government and banks will outburst their anger towards bitcoin. But the truth is this banning will not going to work and in the end they will have to find a different way out instead of banning the exchanges. May be in near future they would try to introduce their own cryptocurrency which can be control by themselves.

China banning Bitcoin exchanges is bad, but I don't think this is a permanent thing only temporary.

China has gone so far as to build entire fake cities in an effort to artificially boost its GDP. Banning bitcoin exchanges will likely result in a hit to china's overall GDP as closing exchanges could have a negative effect on china's job market and investment sector.

Over the long term, china unnecessarily restricting the innovation and progress which crypto represents is only likely to weaken their economy over the long term, while other nations like japan, australia and russia are in a better position to benefit from crypto's growth.

As per observation banning ICO's of China it was result of falling down of bitcoin. More user's in the whole world would be affected because of this. However, I think it was not permanently because some community of china was largely damage because of banning ICO's. I was hoping together with the other users to unbanned the ICO's of China.

First in the beginning its bad for the market since so many sell-offs however it has open good opportunities for investors. Markets downfall is expected but the longterm benefits awaits, lets remember that Chinese exchanges  holds big volume of cryptos and speculations claim that they control market prices. In conclusion closing their exchanges is benefit to many.

          I think so too, although there are so many speculations that the most traders came from the chinese country or should we say they are mostly traders, i think because of its closure some of the traders are happy because of it, but still sad to say that are fellow chinese mens are prohibited to do this things.

For me it is bad, why? Simply because bitcoins value drops because of that incident. Banning all the cryptos in china is a big mistake. A lot of investors including us, loss a lot of money because of that. China is a big country with a lot of bitcoin users and enthusiasts. With them being unable to use bitcoins the popularion of bitcoins will reduce and so does the value of it. That is whybthe value of bitcoins today are getting low and those who holds their bitcoins are going crazy, they are panic selling it.

bitcoin recently decreasy its price as in big dump for past few days after china declared that they're going to stop exchanges of bitcoin on september 30 so people who owns bitcoin do panic selling that's why bitcoin dump under $3000 but after it dump really low price many people bought bitcoin because they know that bitcoin could increase again so looks what happen bitcoin over $3500 again. :)

Well China as a country has the right to ban the activities involving bitcoin in China but can't ban bitcoin totally cause why bitcoin is a decentralized currency wise is not subject to any central bank of any country.
In fact this is not the first time China will place a ban on bitcoin, and the ban can only affect bitcoin price for some time because why it will cause panic and people will rush to sell the bitcoin but it will pick up again very soon.

Whether good or bad, oklyntime will tell but one thing I know is that with all this episode, a lot of people will lament on how they have losrbsome money why some other people will see this as an opportunity to even make massive return within a short period of time. In essesnxe, its bad for the losers while its the best for those who will seize the chance to make a fortune out of it.

The layman see the ico ban in china is a negative thing. That news is a universal negative sentiment in the krypto world. Expert said that this is not long term problem. Essentially the ico ban does not directly affect bitcoin. But the news creates a negative market sentiment on the price of some altcoin.

It affects the bitcoin too because if chinese government banned the ico then there will be no ico investors in that country and the demand of bitcoin came from the ico investors also because they want to invest so they need to buy some bitcoin and if the countries that is one of the biggest contributor ban ico then it is a bad news for all the cryptocurrencies but like you said, it is not for long term and everything will be fine in the future.

It seems to me that you exaggerate the importance of the prohibition of IKO by the Chinese. I don't see anything wrong with that. Yes, the price of all crypto currencies, but this is a game of whales. If you keep calm then you will not lose anything. I'm sure that the loss of the China monopoly in the market of crypto will only benefit.

Sorry for the late reply, had a fun weekend. Yes, I think that would really be a dumb move, to just indiscriminately close down exchanges. Which is why I think they released this rumor several weeks ago to scare weak hands into selling. 2 exchanges have already announced closure though (not sure if they already closed) and some have already met with regulators and might announce soon.

Would that mean there will no longer be more exchanges? I don't think so. Some would definitely open to take the place of these. Wouldn't be surprised if those are with insider tips and bought the bitcoins that were dropped.

I think good because bitcoin is not a currency but digital goods useful as a means of
barter or investment that promise ban on bitcoin in China will not have a big effect on
 the exchange rate of bitcoin instead predicted will continue to grow because the
enthusiasts betkion a lot and began to spread to various worlds . bitkoin also has many
benefits in cross-country transactions so that it will remain useful and remain in interest
by the commodities bitcoin

Price is recovering fast, But we must remember that it wasn´t only the news that came from China those that recently affected the market but also statements  by CEO from a well-known firm which caused the double panic in some peoples and further impacted the market, On the other hand, The measures taken by China is an event to reflect on and although I do not know if those will be effective yet, Perhaps the most worrying for most peoples is to identify where sources come from and whether they are reliable or not, And  the purpose of these.

Im not sure, because I have only read it somewhere... But I have found few informations and facts that China doesn't ban exchanges(China bans ICOs*) for exchanges China only makes or creates new restrictions, principles etc. toward decrease fraud and money laundering. So China implements very important features for me which should bring only benefits in future. So don't be afraid.

In the short term, obviously bad for the price of BTC, with a lot of ppl liquidating their holdings.
However, after the initial shock I think this can actually be good, as exchanges with more robust regulatory compliance prop in China. Yes, I believe it would be impossible to ban cryptocurrency trading in china, and a long-term ban will only push business more underground and out of governmental control (and taxation  :D). And they know that too. They cannot afford to stay closed from the world on this one, and on the long term this will further inflate the price of btc
On the positive side and on the short term, I think a lot of smart chinese crypto-investors will invest in foreign ICOs and cash out abroad in another currency.

It is obviously bad for a mean time just like what happened these days, bitcoin price in the market has dropped because of the issue but immediately recovers for a few days.

No,china's ban on ICOs just had a negative impact on bitcoin's price for only two or three days resulting in bitcoin price to reach $3,100.But soon it recovered and now its almost $3,961,.This clearly shows that bitcoin is no more dependent on china for its future.Its good that the world has now realized that bitcoin has investors world wide more than in china.Now,its time to set up more mining farms in other parts of world to make mining once again decentralized thus getting completely out of china's control.GMO,japan's leading internet company has announced the manufacturing of ASIC miners.So,in a long term basis,china banning bitcoin exchanges is only good for bitcoin.

Don’t we have rumors? I have studied here and listened in news that this was just false news and nothing had happened like this so far. This dip was the results of something other than this China turmoil. Still if it happened then surely we had bad impact.

Banned of local exchanger's is bad for Bitcoin market both local and international markets in a short term but in a long run Bitcoin will definitely regained it momentum in upwards move. Chinese according to online data own over 45 percent Bitcoin in circulation and because of this they have strong influence on Bitcoin and other altcoins. We would need time to reduce this influence Chinese people has on Bitcoin and ctyptocurrency in general.

China banning Bitcoin is temporarily bad. But in general, after the market calms down, Bitcoin always comes back stronger than before.

The technology is here to stay. If you don't want to give them more power, don't panic, and hold your coins.

China's banning of bitcoin exchange really have a bad effect on the bitcoin community whether you admit or not. It is because China has been one of those countries who have been widely using bitcoin and where big potential investors and a large population of bitcoin users can be found. I think the bad effect will just be a temporary situation since there are still a lot of countries worldwide supporting bitcoin cryptocurrency.

I think it is a bad thing, because the world is progressing towards bitcoin and the most financially powerful country of the world is banning bitcoin exchanges. It means that they will never accept bitcoin as their legal and regular currency.

The reason may be the scams that the people do not believe in bitcoin, that’s why china banned bitcoin or is going t ban bitcoin in tneir country.

it is bad that china is not going to accept bitcoin cause they are so many people over there. but i understand that it is because they will protect there own values and they cant control bitcoin.

Maybe because they looking for some more opinions regarding this issue, but for me, it is not bad for the bitcoin that China banned exchanges or transactions cause I think bitcoin will still be functional without China, even though bitcoin decrease its price by 10% but still its existing.

This will inevitably affect Bitcoin, especially its value. I think this is not good news. Although Bitcoin does not depend on any financial institution or state, but we have to admit China is having a big impact on it because it is one of the countries with the highest popularity of Bitcoin, the number of transactions at this is a lot. In the past, every decision of China was related to Bitcoin, we see its value is affected. Bitcoin prices are currently falling, perhaps due in part to the impact of the decision

true, in such a short time as yesterday it is so bad that it affects the bitcoin market price caused by the Chinese government. but after 2-3 days passed everything can be resolved again.

Yes it is true. To some extent good and to some bad. The good thing is that in my opinion the no surety of security.

And no accessibility and no legal support from all over the world. and the bad thing is that bitcoin supposed to be the world only crypto digital currency in the near future, and all the world will deal only in bitcoin. Many countries are going to legalize bitcoin and China is going to ban it.

It feels like both good and bad. Firstly it feels good because pumper and market fluctuating community is not going to be involved in the bitcoin anymore. This will at least assure us with the security of our funds or investments. They use to be very vulnerable in the market and could have dumped it like crazy.

Now it's bad because the china banned the bitcoin at that specific period when the bitcoin was about to cross the 5K value and could hit the hall mark of 6k who knows!! Anyway what happened is what happen now it's time to move on.

Yes, technology is going to stay so the value of Bitcoin will increase. Don't panic for this small dip everything will be corrected once everything settles.
Now many people are panic about the market with the China news but Bitcoin price will recover the only thing we can do is hold.

The funniest thing is that stuffs like this have happened in the past with china banning this or banning that. A time will come when they will most definitely come around and understand that their ban cannot cause anything negative as we can do so good and perfect without them. They know that already obviously and whatever they want to achieve is no one's concern.

I guess this time has already come

The Chinese authorities (the Chinese central bank, more specifically) have been bitching about Bitcoin since the beginning of the year, and right now the effect of their actions seems to quickly vanish even though with each iteration their actions and intents become more desperate and evil. Now they are going to create their own version of Bitcoin by making local miners support it. That's what Charlie Lee seems to refer to in one of his recent tweets saying that mining is not going to be prohibited in China. Yes, miners will be allowed to stay provided they agree to mine China-coin

China was banned from exchanging. But, I think it's not for long. Although very bad! (

As of now the price of bitcoin decreased and thats i think the bad effect of ban bitcoin exchange in the country of china. I think why bitcoin decreased because many people they have doubt in their mind so they sell their bitcoin . For sure we experince again decrease price if china ban bitcoin officially in september 30 but we dont know what will exact happen in bitcoin if the prixe increase or decrease.

Read the news properly. For now, China has not come out to say they are not accepting bitcoin and we are not even sure yet where they stand as most of the regulators are busy saying different things. One thing for sure is that china have always perceived bitcoin as a threat to their monetary policy, so they are banning domestic trading activities but they are not banning bitcoin as they are both totally 2 different things.

If you like, you can keep mining and take your bitcoin somewhere else to change cause you wont see any exchange to change it for you in china.

We don't need to worry as long as the number of users are increasing. My guess is that it is still increasing at a rate of around 10% per month, which is massive. No other fiat currency can boast of such numbers. This increase in the user base is going to have an impact on the exchange rates sooner or later.

It is not a big deal for the long term! I think it is a good measure to crack the scams OCO although there are some genuine ICO. As the adoption is increasing, many people realise the advantages of btc. It is hard to say what will happen with the policy.

Bad and not bad at the same time. To me, I feel it is a way for us to test the strength of bitcoin with or without a particular strong country trying to use FUD news to manipulate it. The thing is that this kind of decisions by countries and the FUDs caused by it are inevitable but the fact that the impact wasn't too much and it bounced back in no time is what will make most people believe more that the technology is here to stay.

The banning of bitcoin exchanges within the country of China has a big impact on the price rate of bitcoin which for most of the bitcoin users plays negatively since the price rate dumps into a great down fall that was really alarming because the bitcoin holdings lessen into quantities. Though it was alarming, I am still hoping that bitcoin will regain its big loss since China was just a part of the bitcoin's large community. Along with the banning of China, it also do have a good effect because the bitcoin hunters have the chance to buy their own bitcoins for great opportunity of gaining profit when the price pumps once again.

the reason the Chinese government is banning bitcoin exchange, the chinese government want to provide rules on bitcoin, that is good news.
however, the immediate impact of the moment, making the bitcoin value drop dramatically, that a bad news.
we just pray, so there is a solution that benefits all parties, and make the bitcoin value continues to rise.

will china ban btc miner ?

That what people frightening about but even though it got ban, China still able to produce VGA or any miner hardware for global shipping around the world
When BTC is go big, it's difficult to stop people who already enjoy bitcoin, don't it ?

Obviously this is very bad to hear for those of us who have been close to bitcoin and many things related to bitcoin in it. But i'm sure some other countries will not doing be same as the China state that is rumored ban this, ban that, and which looks like it keeps trying to weaken the good name of bitcoin.

for me so good

we know can see how bitcoin has power and how can effect .

- all countries can effect with bitcoin price but can’t end bitcoin

-  prices down make many buy more 

Indeed it's bad for sometime but it won't last longer as we saw the price pump again within the two weeks of period. It's true that price could have been better than this but fir the instance it isn't getting changing unless and until equal investment is made which is equal to loss incurred due to china investment. What I mean is, due to ban china people got their money converted from bitcoin, that much of money must be invested back so that the price will boost to 4.5K plus price again.

In the short term it affects bitcoin in a negative way. Many people panic when it was announced thus a drastic decrease in the price but then if they would do it to ban the exchanges forever then it would be good I think in the long run because they would not be able to cause panic anymore to the bitcoin holders because every time they have bad news, the bitcoin price also react negatively. There is a rumor that they will not totally ban it forever but just temporary because they will regulate it and eventually reopen it in October. If China would totally ban it then its good for the bitcoin ecosystem because they cannot harm it anymore by announcing some unverified news again.

Being into bitcoin is successful, from the beginning China have been making a big difference in the entire growth of the digital currency. Rumours were quite common with bitcoin, so China is not an exception. Maybe in the future such issues won't be considered big when people understand better.

I guess China has great affect the value of bitcoin because up to this moment the value does not increase and remains at $3800 its because the demand decreases and if many countries will banned bitcoin the value will tremendously decrease

They haven't so far.

There's been discussion about them possibly making it difficult or illegal to transfer coins, which has a side effect of making mining very difficult as it would be hard to recoup expenses without being able to sell coins. 

In the long run, it seems unlikely. 

This may be damaging as the price of bitcoins falls. Because many of their countries have big investments here. And if it will turn off there may be a rapid drop in bitcoins. But I think it's just a moment because people do not allow it here. And the only thing that happens is that it is banned but people are still free to use it. They should not show up to the police because they are likely to fall into jail. And the bitcoins will climb up again so it will bring good bitcoins to it. And as I know, here are illegal activities in china like Manupulations, Scam investment and so on. It is said in poetry. The storm is dangerous but when it's done there is a good rainbow after the rain

It is bad banning of exchanges would mean people will sell their so that they don't face any issues in the future and the problem with this market is bitcoin is main so no matter what the reason is if bitcoin falls altcoins also falls which gives too many losses for me which spoils everything i researched

The only action they have taken against the miners as of yet was on the energy subsidy some of those mining farms were getting.

Ya Upto now, the China ban of bitcoin is affected the price of bitcoin. Because of this the price is below 3600$.After that Many miners migrates to Japan and many miners are start to mine in Japan.Even Japanese start to create new mining based projects to get into mining.

That's what we should all hope for

But it will take some time before the effect of the Japanese mining kicks in. Further, I'm not certain that they have a thoroughly polished technology to compete with the miners from China. Anyway, if mining in China goes down the toilet (which seems to be the case in the nearest possible future), this won't matter a lot. But I'm still utterly curious how the Chinese miners are going to move to Japan or South Korea if they can't take their mining equipment (those huge mining farms) with them. They will likely have money but no equipment and no technology

We probably never get this freedom. The Chinese government is bluffing. It does not play quite honestly and wants to reduce the cost of bitcoin. But soon the bitcoin community will understand this

The banning could only make bitcoin to have a little slow down but after sometime it will pick again because conglomerate and countries including Japan are supporting for their transactions and payment.

It's was bad  because the price took a tumble and it's good for traders and those that  were intending to buy because it was cheap. It's also good because Bitcoin has proven again that it can be resilient eve against the dominant Chinese miners and market.

It's good because it's brought the strength of Bitcoin to bear for the whole world to see. If the Chinese with all their machinations against Bitcoin couldn't keep it down then I guess Bitcoin has shown true character and strength.

Good gorgtge Chinese economy as the bad guys wouldn't be able to launder money to and from china with Bitcoin and so their economy wouldn't suffer but it's bad for us the Bitcoin investors because it triggers panic selling among newbies.

Yes there will be a negative impact on the cryptocurrencies of china and trade in digital currency will be effected as this decision will be suffered by the china and a lot of talks are being made to take off this decision because bitcoin are progression and in coming future all the business will be done in cryptocurrencies more likely in bitcoin so they should rethink on their decision

Apparently, it seems that government of China has banned bitcoin in their country irrespective of the fact that their country have a huge number of bitcoin users. They can’t actually control people from using bitcoins because they bitcoins are the most secured and exponentially growing currency which is accessible to anyone from any corner of the world.

Right. And when it bounces back without the chinese, that means that btc has become stronger and had more solid support that it doesn't need the chinese market anymore no matter how big it is.

There is still further news to come on this one in the coming days but initially it was a big shock to the market, for clarity though, exchanges have not been banned, unlicensed exchanges have been banned.

Last week,we saw that china banning exchanges had a negative impact on bitcoin price.But it was only temporary.Very soon,bitcoin price managed to increase and now its price is $3,950.

China was not at all comfortable with bitcoin from the beginning.It was just waiting for a time to start its actions against bitcoin and a week before,it started.China does not want money laundering being promoted using bitcoins.Its now taking strict actions against bitcoin exchanges and very soon,its going to issue licenses only to exchanges which fulfill its rules.

In a long term basis,china banning exchanges is good for the progress of bitcoin because bitcoin would get totally free from depending on china and also mining farms would get promoted in other parts of the world which would bring decentralization once again in mining.

Chinese have never been loyal to bitcoin ad i think its time now to say good bye to china.

Bitcoin had shown its resilience and strength before that

Before 2017 there was a sort of consensus that Chinese were playing a major role in the Bitcoin world, but when right after the New Year the Chinese central bank had launched its attack against local exchanges, it became abundantly clear that Bitcoin didn't and doesn't belong to China. But, as the saying goes, repetition is the mother of learning, so those who can't learn it any other way should learn it the hard way and likely lose their money if they still believe that China is of any importance in the Bitcoin world (at least, in respect to Bitcoin trading)

I've kinda heard about that news before, but can't really recall it well. Anyway, yes I agree that with due respect for those Chinese traders, China doesn't really play a big role in bitcoin, and it cannot trigger the flowing of bitcoin to go down even the market, its because I have also heard that the banning of crypto in China is up until Oct 18, so further than that the continues flow will still go on.

Let's see whether they make an exciting comeback with new regulations before deciding they're forever closed, but overall it's fairly neutral.

It's not good that a huge population is being cut out of the market. The years of endless fuckery caused by China have not been good either.

China's irrelevance at the start of the year coincided with the huge rise. This says that they're not leaders and were probably suppressing the price.

If China never comes back then the market will be smoother and quieter. I for one will not miss them desperately.

China banning Bitcoin exchanges is a great thing. It showed people that we don't need them, look at the price, and Bitcoin got more decentralized because of it.

It seems like they're cleaning house - banning is a misused word here

I heard the news that the Chinese exchanger is a full bot, so that easily the price can be controlled. if the government of China banned exchangers I think this will not have a big impact for bitcoin.

China is the most populated country and it does hold many bitcoins users..since China has decided to ban the bitcoins exchange.. Now what will happen is...all those people who posses btc.. they will return all that btc in the market again...and offcourse then the price will go down.

We can't say its bad or good.. because its something that country's leader has decided and offcourse it is supposed to be for the welfare of China.

But due to this market rate of bitcoins will go down...but since its getting more and more popular it will soon recover.

Certainly, Bitcoin does not need China on the road growth and become the best payment method in future. Bitcoin is decentralization, why do it need China support it? The Bitcoin community will help Bitcoin become famous on worldwild.

This may be completely irrelevant

It doesn't matter how many folks live there if they are mostly poor and live paycheck-to-paycheck. I don't really know if the majority of population in China really receives a paycheck and not just a bowl of rice for their daily toils. Anyway, there are certainly wealthy people in China (I call them nouveaux riches, i.e. new rich men), but to me it is unlikely that they are going to part with their Bitcoin stashes. If you ask me, they would rather settle in some other country, in a more Bitcoin friendly one, if things go from bad to worse for them personally

Bitcoin price will fall down if users are not allowed to work on bitcoin in some part of world. Same happened in China and we have seen the immediate effect on market last week. Definitely bitcoin will rise again and things will be fine but for now it is really bad.

And what did we see last week?

Or a week before the last week? Bitcoin flash crashed down to 3,000 dollars but now it is trading at around 4,000 dollars per coin. If what you say were true (i.e. if "users were not allowed to work on bitcoin in some part of world"), how could it possibly happen that Bitcoin rebounded 1,000 dollars within a week? Have all these people been allowed "to work on bitcoin" again or what? I guess if you claim that the price went down because some (a lot of) people were forbidden from dealing with Bitcoin, you will have hard time explaining how the price went up again so fast so soon

The price is too good at this stage 3900 mark, however banning will really effect also the chineese people loss so much amount in making money online.
These types of Govt exists in all countries even in my country and no one can control Govt decision. let see what will happen at the end of OCTOBER.

It is obviously bad for bitcoin economy because we all know that China has a big contribution on bitcoin as well as on other things so if Chinese government ban the bitcoin in China totally there is a big total loss.

Which total loss do you refer to?

It has been been inadvertently proven by the Chinese authorities themselves that China is not a big player in the Bitcoin world apart from mining but this is gonna change too in the nearest future due to involvement of Japan in Bitcoin mining. So I don't really know what big loss we might suffer. Further, I have heard rumors that these threats of banning Bitcoin in China are no more than part of political agenda of some clans inside the CPC before the Politburo elections which are to be held October, 18th, and thus they are of no real importance or significance (apart from usual pump and dump) since no one is actually going to ban Bitcoin in China

Well knowing that banning exchanges does make some extra investors to left and leave crypto its bad news, but for other side this exposes and clears any doubts that China doesnt control bitcoin, can influence it and damage but as some people thinked they haven the control over it, big miners are located there, but Russia already open the doors to those big companies.

Have they still any option for chaos? they have used all their options for dump bitcoin and i want to learn what will they do.

Probably, the action that have been done by China which was banning the bitcoin exchanges within their country was really a bad thing that happens since it has a big impact on the price rate of bitcoin which makes people seems to panic and do really make bitcoin's price down fall to be alarming. It do really affect the price of bitcoin negatively but as usual, we still must see it on the positive outlook that these downfall is another opportunity for us to buy our bitcoins so that when the price goes back to normal we can still have our income with us.

I just heard that there is another new version of China ban after this failed attempt but for me either bad or good it will be the Chinese lost because bitcoin people all over the world are already have a hard time experienced about this ban, even the panic people are learned their lesson as we can see the price is now at $4,000 again, any attempt to fall down the bitcoin will not going to success because people are already learned.

Definitely, China's banning of bitcoin exchange it their country do really play as a bad and negative effect on the bitcoin price rate since most of the big potential investors can be located and belongs to the vicinity of China in which the banning takes place and do really have a direct effect on the price rate of bitcoin. But we must still see this negative effect as a positive way to start buying bitcoin since the price drops, it literally imply that it will be a perfect time to buy bitcoins. Instead of thinking that bitcoin will die on the bad effect of China's banning of bitcoin, we must still see it as a great opportunity to maximize our capacity and capability of earning.

I think this will not bring any impact, and this is proven because bitcoin users are so strong that the price is not on the floor. bitcoin users around the world including in china will keep bitcoin even though its government banned bitcoin.

Yes it seems so, china banned bitcoin does not bring any impact, maybe the panic had occurred in the beginning but now everything is back to normal, this further proves that the future of bitcoin will continue to improve.

It's definitely not a good thing, as now people have less ways to trade bitcoins.

However if you think about it it doesn't really affect bitcoin itself much. All it is is a ban on bitcoin exchanges, which people do not use in china much anyways since AML laws are very very strict. People can still use localbitcoins or Bisq without trouble.

So the effects of the ban isn't as big as people think it to be.

It wouldn't affect btc from the long time frame. The btc price is bouncing back. BTC adoption is increasing
as btc ecosystem matures and more user cases are coming out.

This is more bad news from Bitcoin, whose price started to fall after China's regulators said they would ban all ICOs (initial coin offerings) in the country. Let us admit that the price of bitcoin has dropped since the announcement of China. As far as I know,around 3000 websites are blocked by Chinese authorities under the country's policy of Internet censorship.

I guess, the decision of chinese people was wrong.  The chinese people need bitcoin and bitcoin will go on without china. So far, the price of bitcoin is rising again and I am happy with the result

China is banning exchange for regulation purposes, for all I know. I also did hear that Chinese exchanges and icos will be coming back to China after some measures, I am not sure what is true and what is not. 
If they are not bringing back, vpn won't work is what China had told on the other hand because they are gonna put a huge firewall in their networking systems, Chinese crypto users on the contrary are trying to trade using telegram, let's just wait and watch what really happens till the end of this year.

Maybe China does not believe in this virtual world. So show them the utility and stability of bitcoin. In Vietnam is not prohibited but bitcoin is not known much. Actually, in order to become a person who can own some BTC, you have to have the money to invest.

even before china says that they will close all exchanges in their country, bitcoin prices have already reached $ 4000, we recognize that regulation of ban from china for exchange in their country really makes bitcoin a bit shaky, you can see most users are also panicking so as to make bitcoin price down to $3600, yeah lets see the end of october hope there is no bad things happen in bitcoin

I am really astonished on the decisions of China government of banning bitcoins. Yes this definitely effect bitcoin repute and price rates as well.

It is right that by banning bitcoin in China, bitcoins will not die but bitcoins have been strongly effected by all this drama in recent weeks. China must rethink on what is has decided because in coming future there will be only regret for them.

Yes the price will surely bounce back again as the price is starting to get up again the ban in China will be gone anytime soon. And everyone is taking the advantage to buy some more bitcoins when the price is lower so it's better for us to stay and just keep on holding our bitcoins. Don't panic as the panickers will lose a lot of profit in this type of situation.

Banning of bitcoin exchanges by china is good for china if seen on a long term basis.It may affect the bitcoin price negatively for a short term.But,by this way,bitcoin will get out of the control of china.Already,manipulating price by chinese has got reduced.Now,only in mining sector,china dominates.Soon,new mining farms could be expected in other parts of the world which would bring once again decentralization in bitcoin mining.All these could happen when only china continues to take such actions against bitcoin.

Yes, after banning the local bitcoin exchange in china bring a big effect in the bitcoin world. China is the largset users of bitcoin and most of the traders and investors are from china. Now that they are out on bitcoin it lessens the number of investors and traders.

that's not necessarily true. it creates more friction between CNY and cryptocurrency -- that i can agree with. and this could drive away mainstream investors. however, the flip side is that black market commodities tend to rise in value, not fall.

more importantly, many traders/investors/miners may just move their activities outside of china's jurisdiction. i'm sure that many chinese traders have already migrated from okcoin and huobi to japanese and korean exchanges, or international chinese platforms like okcoin.com.

We have experience the negative effect of China ban on local bitcoin exchange and other crypto currency activities already. Though the ban has both positive and negative effect. The negative effect on bitcoin was its market value reduction while that of positive effect is that, China has lost control over bitcoin activities particularly, bitcoin value manipulation.

Even in normal forex market, so many news can either cause an upsurge or bearish on any currency. It is a market and there is nothing we can do about that. The most important thing is to understand we cannot help stuffs like this and having everything smooth all the time should actually cause some worries, don't you think?

That's what the Chinese government may be trying to prevent

Indeed, Bitcoin is too small so far to give any real pain in the ass for the Chinese monetary authorities (read the PBoC), but it is easier to prevent the disease than cure it, right? So they are trying to nip Bitcoin in the bud in China before it becomes a genuine competitor to the Chinese national currency, the Yuan, like it happened in Venezuela, where people right now massively abandon their local money, the Bolivar (which is spiraling down in ever faster circles) in favor of Bitcoin and other cryptocurrencies as well as the US dollar

It their own decision to staying away from such a profitable thing that is giving profit on daily basis that will only effect the Chinese people who have interest in bitcoin, they will suffer the decision that their government had made so the people of chine should put pressure on their government to uphold this ban so that they can also enjoy the profit as the rest of world is.

China banning bitcoin exchanges, not all exchanges China banning only those exchanges which are working illegally and use bitcoin for illegal transaction So china banned these exchanges, not to all exchanges.

They will ask back to join again and this ban is temporary because they think money launderers can use it that’s why they are banning it and when their issue will be resolved they will make come back there are huge no of investors in china and they are now in panic situation and when they will join again market will rise again.

It will have here and now impacts like what we're encountering at the present time yet it isn't terrible. We would profit by china restricting trades with the goal that the coins possibly circulated equally available. Also, china has been causing a great deal of FUDs this days so getting them out of the biological community is truly advantage for us different clients.

do you have any reference about this matter mate? because if that's for real for sure things will bring the hype again with this ongoing rise up
bitcoin and other crypto will bounce and make another huge pumped very possible to see 5k before the hard fork just an honest opinion though.

China’s plan to ban this Bitcoin has flopped in a very bad way. Things happened exactly opposite instead of happening in the way China was thinking. People are happily investing in Bitcoin as much as they can and the number of investors investing in Bitcoin is increasing significantly. China cannot take control over Bitcoin.

Strictly speaking, we don't know for certain what China is really up to

What we think as the opposite of what they have been thinking may have nothing to do with what they are really thinking. It looks like they are not so much into banning Bitcoin per se as just trying to make their own currency, the Yuan, more attractive using the technology that Bitcoin happens to use. And since all the infrastructure is already there (I refer to miners and their huge mining farms), they just make use of it without actually going for or aiming at hurting Bitcoin specifically. In other words, possible Bitcoin downfall is just a side effect, a collateral damage of sorts

Banning bitcoin exchanges in any country would obviously be bad because it limits the demand for bitcoin and that would mean that the price would go down, unless of course you shorted bitcoin in which case, kudos to you.

it is good in a sense that now we can prove that bitcoin is not just them, they are just portion of the bigger market around the world on the other hand it had some bad effect because of recent prices of bitcoin going down but now its getting pump. Maybe the ban on exchanges in china is their primary motive in order for bitcoin to move forward and create a distraction to to investors so that the bitcoin will go up and up.

China forbids bitcoin with political motivation. They see bitcoin users in their country will have an adverse impact on economy of country, so banning is done. However, China will not affect value of bitcoin due to the fact bitcoin is more expensive.

China had until now gained a majority share of control of Bitcoin. They're
still mining, with discounts from their government, so this might just
be a way for the Chinese government to grab a percentage before it
gets sold off and sent out of the country.

We'll see if it's a net gain for the currency. Any moves that help
decentralization I'm all for.

When they first banned bitcoin exchanges the price of bitcoin went from $5000 to almost $3000 so i think that is very bad yes but now bitcoin is going up again and i think that there will be a big update and bitcoin will get another big boost.

Now its already spreading very quickly just because of this demand is rising and its effecting market too much even China ban give some shock but most of peoples believe its temporary because its going to end after Congress meeting which is going to held but still if they are not going to lift ban its not effecting too much in near future as many countries giving soft term policies

As what we witnessed, it has affected bitcoin price in the short term because it did go down drastically because of its announcement not only the banning of local exchanges but from the moment there is a rumor about China banning the ICOs. Bitcoin then continue to go down because there are other people who  ride the tide and said things that would make the people feel the fear, uncertainty and doubt to make bitcoin more cheaper and they succeeded. After what happened, bitcoin then go back up because many people believe that its value is more than it is now. The banning of exchanges may be good in the long run so that China cannot messed up with bitcoin again the future.

I would not judge on the basis of what happened last week or the 2800$ dip in market price. Because I can’t point it alone to that issue, it is accumulative problem from Jaime Dimon, FUD and rumors about China.

I will stillgive them some time to prove to us that what they done or what they’ve planned is for the sake of bitcoin users and bitcoin as a whole.

I would be kind enough to observe and give feedback at the end of this year if the banning of ICO and closing exchanges by China has a good effect or a simple failure for them.

For me its a bad news. Since the Chines use crypto more than other and the number of bitcoin users in china is higher than other countries . But its not gonna effect on bitcoin neither its value in long term .The price of bitcoins were decreased a bit because of this news  but its covered now.
The moral of the story is Not to panic on such news and trends and keep holding on, till the price recovers.

That is bad for the value of bitcoin. We all have felt the effect on it to the market. Bitcoin and then almost all the altcoins went down when the news came that china will ban all ICOs and then looked at with negative interest to the exchanges right after that. But I think it would be better for bitcoin and altcoins to be staying away from the chinese.

Whether it's the Chinese, or the Koreans, or the Russians or us Americans is anybody's guess at this moment, but what it looks like for a few cryptocurrency players out there is that the Chinese have found a new way to get back into the game. China banned initial coin offerings and bitcoin exchanges in the first week of September. The ban caused a precipitous drop in cryptocurrency flows worldwide. China's ban is likely temporary. The U.S. and Japan are quickly moving to create rules that will help to legitimize cryptocurrencies by giving investors protections under existing securities laws. That will help companies raise capital through alternative methods, rather than via venture capital and the equity markets, potentially opening up a whole new financial market. Most crypto-currencies have recovered since China took a hammer to the two biggest names: bitcoin and ether. Bitcoin prices are over $4,000 again.

You can really see in the markets of bitcoin and other altcoins that they are going up now and that is the proof that even the chinese people banned bitcoin exchanges, it doesn't actually fully affect the prices of the coins and that is why bitcoin is a good investment because even the big countries will left bitcoin, it can still stand by itself and proved that their decisions are wrong for dumping bitcoin from their country.

Right. People became nervous when it started and it even came at.the same time with jamie dimon's announcement. But as we all know now, one the tide settled, bitcoin recovered pretty well and is now on its way to retrieving its previous price at under 4.5k. China has lost its grip over users and it doesn't have that much effect anymore

That's not necessarily true.  The market isn't totally dominated by China perhaps, but if enough countries do take action against it there will be some difficulty in keeping it liquid, which will depress the price.

Obviously it is bad. It resulted to major cryptomarket downfall. In just a short period of time the value of Bitcoin dropped to 3300 from 4400 after what happened. And also, China is one of the major investor of Bitcoin and has a big influence in cryptocurrency. But good grief because Bitcoin is able to recover from what happened. It proves that it is still able to be successful with or without China. It is just that Cjina is still a loss  hoping that the increase will be continuous for Bitcoin.

China have many investitors,before ban came thay sells all his currency and effect be drop his values,my opinion is this move will not have serious consequences in the future on values of currency only in numbers of investitors and different structure.

It looks like some people took advantage of the banning at exchanges to damage bitcoin value, all they are doing is legalizing the exchanges giving them licenses to operate into the market, soo as i heard about the legalization is coming into China, soo prepare for a huge demand for bitcoin.

That's unlikely to happen

It is even unlikely that China is going to ban Bitcoin mining in the first place. Nevertheless, if anything is really set to happen like that, and that would be for real (in respect to most transactions stuck), the remaining miners could vote for the so-called emergency difficulty adjustment (EDA). If the EDA proposal succeeds, the mining difficulty will be readjusted immediately, and then blocks will be mined as usual. Other than that, as the saying goes, the throne is never empty, and, as I'm inclined to think, there will be more than enough hashing power to compensate for the departure of the Chinese miners (anyway, good riddance to them)

before I thought it would have a bad effect on bitcoin, but it turns out that it only deals with temporary bitcoin prices, now bitcoin prices are back to normal

In my opinion it is bad. And we saw how bitcoin is go down. Whery many people who invest  in bitcoin China.
But now BTC price retern to normal and will be rise.

China has done this before in the past. i do not know what they will do. But I still do not understand. why They banned bitcoin in their country

I don't know how sure china government going to ban bitcoin. If it happens it will affect the bitcoin growth and probably it leads to some point of negative deviation in value however still their absence does not stop the bitcoin and it will get back to its value to peak soon

The bitcoin ban from China's goverment brings confirmation tht it is a viable market. The question is what it the reason of the ban. Thei took this masure because they finde thireself in the inca0acity t9 control the situation, the cryptocurrency has influence i  the ntional market, or it's just a political masure to mentaine a surten state of spirit.

Same thing happened when south korea banned the ICO however bitcoin price is getting back to the normal again. Recovery is there. Before this year, it was a common understanding or myth that china has monopoly over bitcoin or at least they were manipulating the bitcoin price. When china govt imposed restrictions on these big bitcoin in china, trading of bitcoin almost halted in China. But that did not hampered the bitcoin price movement. In fact bitcoin scaled new height, new all time high. Didn't it?  Now it is pretty much clear that bitcoin is standing on its own. The main threat or sign of danger for chinese govt was money laundering and easy escape of their currency outlet via bitcoin through these exchanges. problem was not with mining bitcoin. Nonetheless thing remained normal for bitcoin back then and will remain normal in future as well.

These are things which will keep on happening in the future as well. These things will have negative effect on the reputation of bitcoin but these are things which need to be dealt very much carefully. There is no way that this act is good for the reputation of bitcoin. The thing is we need to remain calm at the time when the prices are falling down in order to save yourself from any kind of loss.

i agree that banning bitcoin in china isnt a good idea. i believe there is a big community of people using bitcoin in china so if its already banned then community who used bitcoin will be decreased as well. i know there will be more chinese citizen to be interested in using it.

For me, it is bad. China is a big loss because it is one of the biggest Bitcoin investor. It could have help to make the market value of Bitcoin more. Fortunately, Bitcoin is able to make its way back to 4000$ after the backdrop resulted when China banned ICOs and exchanges. Hoping that the increase on its value will continue for the next years to come. Bitcoin still, without China, can be a successful cryptocurrency but it is just that China is still a loss for this growing community.

Somehow it is good because the price will go down and small time investors would have the chance to buy bitcoins at a low price. It is also an important phase on the history of bitcoin to prove that it can survive without china (although it can't reach its maximum potential without its help)

you can see it from buyers of bitcoin viewpoint. but for bitcoin holders it is very bad that they will lose if panic selling happen because of that bad news.
so it depends on from we see this case through. actually when holders also follow the flow to panic selling they still have potential to reduce their lose or even get more profits. because after panic selling they buy back at the lowest level of bitcoin then wait again for increasing price.

One man's trash is another man's treasure. Same goes for trading. Negative news is good for the bears and those who wanted to get into the market in the first place, positive news is great for those who have a stake in the item or asset and have something to gain off of it. Bears don't want to have short positions open during rallies, and bulls don't want to have longs during slides. I personally just exploit the market however I can when I am trading, and everything after that is inconsequential to me. I don't care about any of those events once I have closed positions and I'm just waiting on the market.

yup I agree those things has really affected the price of bitcoin to go down but it somehow let us to invest and buy some bitcoins , I think china banning bitcoin exchanges is a great lost to the whole community especially to the investors but I think this will pass too just like the others and the price of bitcoin will be stable again will continue to rise

 ??? If I remember correctly China already did that on September 18 , also according to the latest news ..China is likely to remove the ban !
If that happens 😁✌ the rate of bitcoins will sky rocket.
So I don't think there is much to worry about right now... Because this news itself is quite old and the bitcoin market has already recovered from this.and.. Nothing is gonna happen now..
Anyways I might be wrong 🙂
Pardon me If I am...

I think Chinese people is lost their opportunity to continue making money from bitcoin because of banning bitcoin exchanges but like you said, we can take this opportunity to buy bitcoin again. because once they are banning, it will affect the price to go down and we can add more bitcoin to our wallet. and now the price is start to increase again and I wish there are no other bad news happen that will cause the price is down again because we are begin to see the end of this month for another fork.

China did wrong to itself and they will suffer in future in this stupid decision as bitcoin is stabling itself and recovering back to the prices but the Chinese are now cut off from making profit and the main thing is they kicked the future coin out from their country and development and profit also comes out with it and m sure their people are cursing their government on this decision.

Bad time has gone and what china did to the bitcoin was a terrible thing and bitcoin survives easily in that critical time and as prices are now going up again nobody care about china more and the decision they made about the banning will lead them to lag in the development and technology bitcoin is economy booster and YUAN will not give that much boost as bitcoin give.

After more than 2 weeks the issue seems to have no impact whatsoever even though the Chinese government banned exchanges and bitcoin, the price will continue to skyrocket and can not go down again as happened 3 weeks ago.

Things rise and fall...  There's no real way to predict that, or to predict future actions by China or their impacts.

China's actions against bitcoin definitely had a negative impact on bitcoin's price temporarily.But soon,it recovered due to huge buy wall.Now,bitcoin's price has risen from $3,000 to almost $4,334 now.It clearly shows that china's policies regarding bitcoin would no more have any impact on bitcoin price.

On the other hand,if china declares bitcoin mining too illegal,then definitely we would face a serious problem in transacting bitcoins since most of mining farms are in china and so transactions would get stuck.But very soon,it would recover due to mining farms getting created in other parts of the world.

Also,due to china's actions against bitcoin,we would be here after free from china's dominance over bitcoin market which is good for progress of bitcoin in a long run.

I will like to quickly correct you incase you haven't been following the charts, as at now when I am typing this, the value if bitcoin is $4790 and it is still increasing.
Back to your view, you are very right and I just feel the shutting down of bitcoin exchange by China only proved one thing! The strength of the community which cannot be broken. Even China already know that by now that bitcoin cannot be stopped.

It have both good and bad when china ban. It's bad because China accepts bitcoin probably had more than doubled in value ;D. It's good because bitcoin's future isn't heavily dependent on China where loves to have absolute control over their people. But no worries, bitcoin will explode in price, because of reduced supply.

There is no reduced supply as far as i know. China banned bitcoin and it doesn't reduced the supply of bitcoin and the china only get rid of bitcoin to their country and that is a good side for us because the market cannot be manipulated by the chinese people anymore and it will be equal for the market to have its own movement based on the equalized demand from different countries.

The truth is that it only showed the strength of bitcoin and how fast it has become to bounce back even in the face of attack and challenges from the government which will make them understand the more that there is nothing they can do to stop bitcoin.

It is a very big market and if China decides to ban local exchange, that would not still stop even the operation of bitcoin in China and traders will always look for other means.

If we can delete the two week of the Chinese drama ,from the calendar then nothing has changed. It did not effect the people who holds bitcoin still now. It is just bad for the chinese people and those who have panicked and sold their bitcoin in low price. And good for those people who took the risk and brought bitcoin at 3000$. And for rest of all it is neutral.

I think with china prohibiting ICO in their country it has become a thing that makes bitcoin had fallen even though eventually the issue did not make bitcoin die and the price back to normal

I think the Chinese decision about the banning of bitcoin exchange and trade was just for the time being. I am sure they will soon regularize bitcoin in China. I think they have banned bitcoin exchange because of the legal issues as they have banned it in 2013, but soon they reverse their decision and now once again they will do the same. But for this time the permission to trade in bitcoin will be forever.

its not Good, because tjhe thing is, that China, although having a lot of users with BTC does not really control them, and are not even banning them so BTC will continue to be a good way of holding value, the bad thing is, they do not succed to banned ICO, the Good thing for us the value of bitcoin is so high

If china is not banned bitcoin i'm sure bitcoin price is past $ 10,000. but it does not matter because the 10k price will soon be reached even though there is no china.

Good, as of now what I heard about the news of china's government banning the bitcoin exchanges is that yes it heavily affected the price of bitcoin but it doesn’t mean that bitcoin will loose more. As of this day since the ban the price of bitcoin went down making more bitcoins affordable. Its time to stock up more bitcoins so that once the issue is resolved the bitcoin price will surge up again.

Chinese did bad with themselves and they will regret about this decision in future and bitcoin proves itself as they banned it bitcoin successfully come from the dump time ad ow price has already gone up to 5000USD and still counting on, china cut off the bridge that is leading to the economic stability as well as development and as result they will lag behind in future.

This is the sad truth

Sad for the governments, obviously. You see, some governments chose to outright ban Bitcoin but they would be like outcasts (or just outcasts) in the modern world where the policy of soft power prevails. Other governments like that of Russia chose a more convoluted and contradictory approach since they don't intend to ban Bitcoin as well as other currencies, but this doesn't in the least mean that they are pro-Bitcoin. They just understand that they shouldn't forbid what they lack the power to prevent. So they decided to act as if they are going to regulate Bitcoin which in fact means making it impossible for ordinary folks to get involved in Bitcoin, for example, by blocking access to Bitcoin exchanges, banning anonymizers and VPN's, enacting stricter regulations on cash withdrawals and things like these

this is only temporary not permanent and i heard there is good info that china will soon open and legalize bitcoin transaction again.

When the price goes down due to chines ban people rushed toward the bitcoin because it was available at the low price that dump acquired attention of people and they bought a lot and now it has started to rise and reached to the 5000USD and that figure shows that bitcoin has ability to come out safely from the critical situation and this bring the joy on face of investor and show the sign of good profit in future.

Exactly! It attracted a lot of investors since they can have an advantage of buying more bitcoins when China decided to ban it in their country. And now, look at the bitcoin's price, it rise up so quickly and its price keeps on increasing. So, there may be disadvantage but there are more advantages when the Chinese government banned the bitcoin.

No effect whatsoever, this is because the user is so large and vast that if the banned will not have any impact, the proof is the price does not drop and continue to rise and now reaches more than $ 6000.

It appears that it benefit Bitcoin. Truly, Bitcoin suffered a huge downfall just because China banned exchanges and ICOs. But Bitcoin id able to recover and its value continuously increase after that. Bitcoin is now priced at 6000$ from being down to 3500. It is still increasing and it never increase as big as this when China is still around. So I think it became good for Bitcoin to lose China.

I think it is still bad, losing China. China banned exchanges and ICO, from that, it resulted to major market downfall. Bitcoin's value before is downed to 3500 from 4500. It managed to recover and even passed its value before. But I think it will still be a help if China is around since it is one of the major investors so it would still contribute on the increase of Bitcoin's market value.

yeah bitcoin users continue to grow from different countries and bitcoin users more and more not just from china alone. certainly although chinese do bans on bitcoin it will not make bitcoin die but I think that it will make bitcoin slightly shaken dude? because China is one of the country's that have biggest bitcoin users.

it's bad but i heard china has opened up the exchange again and bitcoin already in legalkan in china, this kana make the price higher.

China decided to block ICOs first, then came the shutting down of domestic bitcoin exchanges.
Both these news created a wave of panic on the minds of bitcoin users community.
China was the biggest user of bitcoins. China was home to the largest group of bitcoin miners on the planet, their contribution was nearly 71% of total mining income all over the world.
After ban from china bitcoin price has fallen 20% from its all time high of 5000$.
But china ban created an opportunity for the potential buyers who were eager to invest in bitcoins but waiting for a sharp correction.
These investors grabbed the opportunity and as a result bitcoin is now above 6800$.
It is difficult  for a communist country like china to have permission for such a decentralised cryptocurrency to work under their nose.
In future China may have permission to bitcoins by putting some regulations.

Well I don’t know why we are giving a bid importance to china about bitcoin if china even say good bye to bitcoin forever so nothing will happen to bitcoin even Indonesia also banned bitcoin and when we see the price of bitcoin so it’s good and the reason behind this is that other countries have accepted bitcoin and some of them make it legal.

I think you do not need to worry. They banning bitcoin in their country. bitcoin only affected a bit and then gradually stabilized.if i'm not mistaken In the past they did this with bitcoin

Definetely it's bad! THe banning stops growing of the usuage of Bitcoin! It's gonna be a bid diadvantage to Bitcoin!

Well their people could just switch to other exchange with ease if they wanted to, everyone have a timeline to make their withdraws right. Btw based Chinsee officials, they are not banning exchange once for all but to order a immediate shutdown, or cease to operate so that a detailed audit could be done. It's actually good as those exchange would comply new rules, and they are start to pop up again within other countries under the same company name. China government is longer a big influence anymore, big China whales are still swimming in their cheap mining farms though.

I think this is bad news, as we know that china is the biggest bitcoin user so if the chinese government banned bitcoin it will have a big impact for bitcoin price in the short term.

It did have negative impact, but it was temporary. Nobody can stop bitcoin. It is here to stay. In fact, it would gain more acceptance in future.

it's all in the past. I would not plan on this issue and I am sure that the Chinese government has solved the problems that bothered them in terms of the crypto currency.

Bitcoin is worldwide used almost in all countries so I think its development can’t be stopped. I agree it development will be a bit affected if too many countries banned it but now bitcoin is a need of the world. The system of world can’t run properly without a digital currency because the online payments can’t be done with physical currency and I think in all digital currencies bitcoin is the best and the easiest to use.

Its not good to ban ICO in china, becuase if ICO baned in china all altcoin will dump. Lately china will announce for banning ICO's. But  now it is ok for china, we dont need to panic now, we all know now all altcoins is stable.

Ban on Bitcoin by China was a biggest shock to bitcoin community. Being a communist country China have supported bitcoin community from time to time. China was the biggest trader and bitcoin miner in the world. The revenue generated by chine`s miners were the highest one. Chine`s investors have setup biggest bitcoin mining farms due to cheap electricity & labour cost. This ban has resulted huge losses to these investors. Ban by China also benefited bitcoin a lot, the day this news came bitcoin prices fall sharply by 20%, but later they rolled back and now crossed $17500 mark. Even after this ban bitcoin investors all over the world has shown trust in bitcoin currency.

yes,it is true if china brings a big effect if china prohibits Exchages Bitcoin and we know that China has the largest number of inhabitants in Asia as well as the largest user of Bitcoin.
I think if china does not prohibit Exchages maybe this will have a good effect for Bitcoin and if china prohibits Exchages maybe this will be a bit bad for Bitcoin.

We are aware that most investors are from China, they are holding a large number of bitcoin and if they will ban even the exchange of course it has an effect but over all we can still recover just like what happened now still the bitcoin continue to rise although a lot of countries ban bitcoin.

So every time bitcoin will go in bull run China will create chaos by spreading news that it's banning btc. Now the news about banning btc exchanges. And every time, it happens right after a new ATH or huge rally, at least. Coincidence? Not so much.

Maybe the government in China is just afraid that there will be war that will happen if terrorists will use it to attack the country. Yes it is also at risks if terrorists will use it as an opportunity to attack other countries. So Chinese government in that case is playing safe so they will not be put to danger situations.

First off, China did not ban bitcoin and I really wonder where people are getting all these stuffs from. China shut down exchanges until they are regulated and banned ICOs, I repeat, ICOs. News is just all it takes to stay updated. The news that was used by whales only went viral for a while and affected the price a little, but I guess now is enough for everyone to realize that the ban did not really have that much effect after all.

In case you missed the news, ICO was banned in China, so this is not a matter whether it is good or not and that has not affected any altcoin even from there right now. And in case you do not know what ICO is, it is called Initial Coin Offering, which is basically for new projects starting up. However, China is not the only place where ICOs are being done, so that should not even be a worry.

Well, they did and the effect is not even something that we saw for long and bitcoin has done so well this year than every other year. We should stop focusing on China and focus more on bitcoin. No country can have a huge effect on bitcoin anymore and gone are those days of huge uncertainty when everyone can just drop any statement on the media and then everyone starts getting scared. Right now, the market has shown pretty well, that it is stronger than whatever comes from China or any other country and that is how it is going to keep being until we get fully established.

Well, we all know that chinese people are very active business personality. They travel around the world to trade and do business. With there decision of banning bitcoin it makes chaos but it doesn’t mean that the strong and keep going stronger bitcoin would be affected since many countries are embracing it. China is entitled to do what they think is best for them and we just have to deal with it and show them our respect.

Honestly, who is really bothered about China now anyway? Whatever they plan on doing with their life and their country is really no one's business and I am even sure the citizens know better than to just take in everything that the governments throw at them as they are some pretty smart people. This is a global thing and bitcoin is always going to keep doing well as it is doing now without China.

I think bitcoin don’t care about any ban because Indonesia also ban bitcoin and nothing happen to bitcoin because if these two countries ban bitcoin so some other rich countries have join bitcoin and they also make bitcoin legal as well so as a result bitcoin become more strong and powerful and now it’s one of the fast growing currency in market and also unstoppable so we don’t need to care about any ban about bitcoin.

Since the beggining of the journey of btc China has banned it several times and it still continues its journey and when it first was introduced an investor said "what bans China we should invest on it cuz it will be huge".

it is bad news, I am worried if some countries also do the same thing with china. but I've also read in an article, that the Chinese government does not really close bitcoin. they just want to do the regulation on bitcoin.

any countries can decide any kind what there government wants, and i don't even notice that even chinese government decided to ban bitcoin in there country then that was there decision so let us all respect if..

of course bad, fewer people and the price of crypto currency falls

It has resulted in the downfall of the bitcoin market value but now it is recovering as the user has changed their exchanges to other foreign . I feel it as a loss only for that nation as they tried put an end for the thing which has given them lot of profits as we all know there are lot of miners from china who are active users of bitcoins as they used have the lowest electric charge.

This is a bad news for trading users because china is one of the big trading sites around the world so for me it is bad news here because I know bitcoin will fall.

in any case, the prompt effect existing apart from everything else, making the bitcoin esteem drop drastically, that an awful news.
we simply ask, so there is an answer that advantages all gatherings, and make the bitcoin esteem keeps on rising.

I think this is bad,Blockchain is very popular now, but the Chinese government still does not allow bitcoin transactions. The Governor of the Central Bank issued a speech on March 9 to prohibit investors from participating in Bitcoin. Since then, the okex, huobipro and binance platforms have all shut down Chinese users from visiting websites and must use vpn to conduct transactions.Many users stay away from Bitcoin.

News such as this is always a set back that will always deal a bad and negative impact
on the bitcoin community. The impact and magnitude on such a ban from a
country as big and influential as China would gravely affect bitcoin. China has numerous
big time investors in multiple industries that fuels markets worldwide. This will
result in another yet again unforgiving downfall in bitcoin and with other cryptocurrencies.
This will affect everyone who invested and continued to support bitcoins for a quite some time.
Hopefully China will learn to embrace and support cryptocurrency, since China is massively
well known to be a business nation.

Honestly its bad when they got banned with bitcoin and especially to all chinese that interested to earn bitcoin.But its there choice and we can't blame them.The important now that many countries really interested for bitcoin,so no big deal if china banned btc.

governments do not want to see competing currencies. They threaten their monopoly to create money and control the financial system and the economy.Actually, the reason China is the first big government to take such action isn’t an accident. China more than any other country wants to have firm control of its banking system, and allocate credit according to a political agenda. This means that a competing currency like the Bitcoin would threaten its political system. Why not crush it sooner than later?

In my opinion I will say that this decision is good for China, because there are many strong banks in their country an if they let bitcoin to become legal in their side, most of their banks will weaken. It is bad for crypto world , because the demand of bitcoin will decrease and if this happen its value also will decrease too, but suddenly I think bitcoin will rise again due to its uprising popularity around the world.

Truly, who is extremely fretted over China now at any rate? Whatever they anticipate doing with their life and their nation is extremely nobody's business and I am even certain the subjects know not to simply take in everything that the administrations toss at them as they are some truly shrewd individuals. This is a worldwide thing and bitcoin is continually going to continue doing great as it is doing now without China.

Actually in my own knowing thats only ICO in some foreign country is there target to not operate in there own homeland because they want to make there own coins in there country,thats why i didn't know that they also include to banned there own local exchange,and i thinks this happen now would affect  bad this into there economic growth,because mostly chinese people are bitcoin miners,so how to change there cryptocurrency coins into fiat if they used it for there basic needs,because as of now  there local exchanges is been affected of there government banned  they implemented.

I don't think that we need to be suprised cause they were doing that, they are and they will do and only thing that we could think about it is that that it haven't got special meaning if we talk about whole crypto market.

I think it's a Chinese way of influencing bitcoin prices from weak hands, those who are weak will surely panic and sell it, and it is in use china buy cheaply.

According to my observations that is bad news because many people from China are investing in large quantities. with the ban it may be the amount of investment will decrease. Because china is the largest bitcoin user in the world so when they are banned it will certainly have a very big impact too for bitcoin prices.
  China is a huge cryptocurrency market. Their Bitcoin exchange ban will definitely have a negative impact on the market in that country. Most likely the market will be affected by a relatively large impact.

China being one among the largest market for Cryptocurrency banning an exchange is simply the worst decision. The thread was a long back one, and by those day Chinese government was making inspection upon different exchanges and this doesn't mean to be a ban.

I am not really surprised anymore if crypto exchanges are banned in China - be it bad or good, i don't really care at all because it's been a long time already since they have declared total ban about cryptocurrencies that even affects the bitcoin's market cap and price last year.

In fact it does happen in line with the date listed on your link. At that time the Chinese population was the largest bitcoin user, with the prohibition of local bitcoin exchanges, it is certain that the decline occurred, resulting in massive sales, when the bitcoin had dropped.

Maybe it is or maybe it is not. But from what I know, the price of Bitcoin started going up when Bitcoin was banned from China and lots of countries even picked up and started investing heavily, just like Japan and Russia (I believe the U.S are doing the same too.) so I don’t think it is having any negative impact or influence on Bitcoin. The price even continues to go further and lots of predictions have been made that it will cross the $19k of last year (2017)

This was only debated as a rumor, some say that a lot of Chinese hold a big amount of bitcoin or they monopolize the the market.

Fact or not, we all know that China could be a big factor into bitcoin's price increase. The srategies of producers of hollywood movies targets China as it helps their gross income increase.

for me that is bad for their citizen cause you know that many Chinese citizens are depending on bitcoin. people nowadays will look for their own source of money thats what we call business and entrepreneurship we see thing so different the other one sees the positive way to earn money and the one is see scamming things

China is a country with so many bad rumors that Bitcoin prices and the electronic money market have fallen. But I know that China today has created so many pennies and they have huge exchanges

This is an old news but sad nonetheless. China has a huge number of people in crypto currency. Banning it just means that they will have to liquidate all their holdings and make the price plummet dor all of us. I just hope that more and more countries accept crypto currencies.

I think everything that China is doing affects us and crypto in general, because China is a superpower country with 2 billions of people already!

China Banned Bitcoin or digital currency transaction is now in the past, yes, it had a effects on the Bitcoin price at the time but not now, the global acceptance of Bitcoin is increasing above normal level, the fundamental are now good, with more participation of investment, the price value now is stable, it may goes up and goes down yet it remains on the favorable level, the level of confidence on Bitcoin market trading now enjoying with favorable status on the market treed. A lot more Bitcoin possible investors who are just wait for the timing to get involved into the crypto market trading, I am more optimistic that Bitcoin or digital crypto currency transaction will continue in the future of market trading.

Bitcoin banned in China is now a history on growing popularity of this coin, yes, it was reported on the social network but the good think the crypto currency trading market had no reaction on the said news, with the global acceptance of Bitcoin or the more participated digital transaction on the treed, the fundamental are good, new project investor are just waiting to actively participate in the crypto market trading, this are all good indicator that Bitcoin is more stable and favorable to the Bitcoin investors. the level of confidence  are increasing does the level of awareness about Digital crypto currency transaction.

Of course this is bad news, we all know that china is the biggest bitcoin and cryptocurrencies user so if china banned exchanges government it will affect the user who run from cryptocurrencies.

It would be a bad news because we would lose some investors from that country,
And if we lose investors that would decrease the demand and the price would drop down too.

and if China really banning bitcoin exchanges until there are no exchanges that allow operating, then it will give some bad impact for their people because they cannot continue to make money from the crypto and they will become stress. I think China will release the banning and will give some explanation related with the exchanges and if the exchanges want to still run, the exchanges need to obey the rule and will follow the regulations without any question and the exchanges will need to protect their member.

I think this casse is quite bad, because China is a big deal...If they will ban bitcoin it will affect us significantly bad. I think the price will suffer red.

Time for China to ban the BTC has deepened the market. It is unlikely that today's BTC and ETH prices will go up because some Chinese investors have abandoned the government-banned cryptographic market. But I also hope that more countries accept BTC. So the market will grow stronger.

causing the current market volume to decline. but the world is huge. and time is quickly changing all the balances. the market was shaken to the base because of this incident in the month of August. but it was bouncy again very soon. we all know that. they can not go ahead of time. technology is developing. BitCoin is becoming increasingly valuable. maybe the speed we are expecting does not exist right now but it will be getting better.
The faster we are, the better for us. but the current prices are not easy. Let's not forget this.

China banning bitcoin exchange? In my opinion  i think   china one of the biggest investor of bitcoin. And Of course this is bad news, we all know that china is big country that can make bitcoin Most popular.

These kind of news doesn’t even bothers me at all. All I’m interested in knowing is what’s the condition, what’s with the price of Bitcoin, is it going up or going down? What is happening exactly? That’s all I care to know and apart from that nothing else matters to me. Most of all these things are FUDs and is sometimes being sponsored and carried out by the whales to make the price of Bitcoin and other cryptocurrencies to fall, so they can make a space to invest at a better price rate.

this may affect the value of bitcoin. but not for a long time. considering this sort of thing is not a new problem. and I think, despite such a ban, not everyone in China left crypto. they will still perform activities on the crypto as before.

 I feel terrible for the People of China right now. So many are confused by what's going on also Bitcoin seems like the only way out of poverty for people all over the world. I hope other governments don't follow suit.

The latest news about the Chinese market this month is that they intend to push some special policies in a province in the south of the country, in which the digital currency exchange can be opened in the province. This may be a positive signal.

That was already happened and we can't undo the past. The news had shaken the crypto world and could be the reason of massive downfall after the tremendous rally last year. Now, we had already recover from those setbacks. We are still doing good without China as more countries are open minded to accept bitcoin in their country. So, Nothing to worry I'm hoping that China will reconsider to accept crypto soon.

It seems that the current price reduction is due to the impact of China banned cryptocurrencies exchanges, but I agree that the impact of the banned is only temporary and the price soon skyrocketed again.

Of course this is bad news, and chances are the factors that are hampering bitcoin prices and are hard to reach $ 10,000 is the banned Chinese exchanges government, I hope this is reviewed because the biggest crypto user now is china.

Everything has two sides of it. The good side of China's banning of Bitcoin means that the Cryptocurrency market manipulation is restricted by the Chinese who always want to own as much Bitcoin as a virtual asset to avoid looking at their government. . But really this is bad news because the Chinese banned Bitcoin has negatively impacted the Cryptocurrency market, directly impacting and making Bitcoin fall deeply in value. Currently, Bitcoin is still working on this issue.

Of course this is a bad thing, when any country is banned bitcoin, ICO or exchanges let alone the largest user country of cryptocurrencies ie china it will bring impact and panic for users in the country and its impact globally will make the price drop.

Banning bitcoin may be good in their views. In our side it might be bad for the bitcoin community as this would create FUD. But I believe they have good reasons for it. Let's just continue and don't let this news create fear among us. Let's continue investing in bitcoin

I think it's just a chinese strategy to outwit bitcoin users, as has happened BTC up to two five million, then rose drastically to sixty-five million.

yes they are maintaining their economic stability, if bitcoin is strong in their country then china will get negative impact and chinese government will be overwhelmed to overcome this problem, long before that happened china government has been careful who get decision to do the rules to exchange bitcoin and yuan in China

OK honestly this news does not affect me anymore i have heard this type of news like three times till now and i am hearing it from 2013. China will never ban bitcoin permanently and i do not think any country will ban bitcoin permanently because they simply need it for their survival. Nobody can reject money from their existence no matter who is controlling them. But if it can improve my life then of course i will accept it sooner or later that's the human nature. in addition to all this Bitcoin is our future currency so why will it be ban on any country those are just temporary.

It will be bad for the people in China who want to invest in cryptocurrencies. Some of them might be buying and trading bitcoins in some underground crypto exchanges. This China cryptocurrency ban will no longer affect bitcoin prices and it been ignored by many traders and exchanges.

China has decided to ban local bitcoin exchanges. That's because bitcoin has suffered a lot due to price manipulation by Chinese bitcoiners and bitcoin miner dominance. We can not forget the obstacles made by Chinese mining and miners in activating segwit. Previously, bitcoin markets were largely dependent on China for every thing. Some people say that China does it because people pass through the banking system and in turn government regulations use bitcoin. China more than any other country wants to have strong control over its banking system, and allocate credit according to the political agenda.

This is indeed old news, and this is very influential on the price graph of Bitcoin and other crypto at that time. China is a big country with great influence too, and with the ban Cryptocurrency exchange in the country will certainly reduce Bitcoin investors from the country.

China could have simply put in measures to regulate bitcoins just like every country is currently doing but they chose to just ban it and I really don’t know why they decided to go through that route.

I think I'm getting used to Chinese who always do a ban on cryptocurrency. I also do not know for sure what happens to bitcoin and other cryptocurrencies. May not have too much effect on the value. that's my opinion. There are still many countries that make bitcoin more popular so we do not have to worry about china. Stay positive with cryptocurrency

It is definitely going to be a really bad thing on bitcoin because it means the market is going to be smaller the number of transactions is going to shrink so much because Chinese users represent a big portion of bitcoin users. And this will definitely lead to the deterioration of bitcoins value.

 This is bad I think for those Who is a user of bitcoin in China they will have a hard time to find exchanger in other countries and also they will have a hard time all around it's a bad thing for me even though I'm not from that country 

China is a huge cryptocurrency market, but as far as I know this year China has been supportive of blockchain technology and acquiesced in cryptocurrency.

The Chinese government has changed its attitude to bitcoin, and there will be many crypto-currency exchanges in China for some time to come.

China didn't ba the crypto currencies they banned the bitcoin because they have a cerypto currency called NEO so they want their coutry people to use that currency so they are restricting the other currencies and increase the usage of NEO in their country this will give the same revenue as bitcoin do.

Although it is old news, it still has a big impact on the Crypto market today, the number of investors from China is quite large, so has made the Crypto market fall deep over time. But the decisions of their country have their reasons, perhaps just one of the reasons for hurting criminals.

This a story from a long time ago. But whenever a country ban crypto currency, then the people of that country will immedietly sell off thier holdings increasing the supply of coins in the market and plummeting the price in effect. That is always a bad news for all of us. But I'm pretty sure people will pick it up since it's so cheap.

After a ban or regulation at that time, has triggered a massive panic sale in China, inevitably the value of bitcoin also experienced a very sharp decline. For us, this tragedy is a heartbreaking story that I may never forget forever.

Whenever there is this banning regardless of places there's always has effect, effect in popularity, effect in price value and the result was the panic selling of their coins for fear that it might lose and they will gain nothing.

  :(Bad because it has effect on the value of bitcoin and the demand as well, the more bitcoin banned the more increases the demand that's what I know and the more investor and and bitcoin holder will panic and sell their btc in cheaper price this makes other dump their coin too.

it seems that china only tires in only a few places where the exchange of cryptocurrency because indicated money laundering while in china is still very much a place to exchange cryptocurrency.

It seems that this will greatly affect bitcoin, let alone country like china which is one of the big country in the world where china have good economic development. If this is not prevented, then the possibility of bitcoin will decrease for a while until the news disappears.

It seems to me that I though china is accepting bitcoin in there country so what happen?. But in my opinion, well I thought in this case it has a big impact in the bitcoin world or in crypto currency because china is one of the leading country today and when it comes to economy china is very successful from it. However, let's respect the decision of the government of china about this situation. But when it comes to the value of bitcoin it seems that the value will decrease because of the country banning is incresing and its bad for our community.

There's a lot of advantages and disadvantages of bitcoin. As we can see, bitcoin becoming popular every now and then, we see how the importance of bitcoin now. We see a lot of country is using bitcoin now, for the next year, or decades, bitcoin will be one of the popular virtual money. In China banning bitcoin can be one of the side effect to lower down the value of bitcoin. China is the one of the largest country, China can contribute a lot to the bitcoin economy.

not too bad, because the users who come from china, maish can exchange it in another country. and still can transact. mislanya they all moved to japan, it's good for japan, because voume transaction will increase drastically.

I searched for this on the news (through Google), and my conclusion is that indeed the move of China to ban Bitcoin exchanges is quite bad for all of us in the crypto world. As we all know China is the biggest country in Asia and many Chinese has Bitcoin minings and are investors in the cryptocurrency world, so if their government will ban Bitcoin exchanges, then the market price around the world will be affected.

This is obviously a bad thing! China is the most populous country in the world!
This is a big market. If the cryptocurrency is legal in China, the cryptocurrency will be invested by many Chinese people! This will speed up the development of blockchain and cryptocurrency!

Even though China declares banning bitcoin exchange which is contribute a bad effect to the development digital economic stability but it can't control there people to used other option in going exchange there bitcoin some where in asia because it can make a transaction as long as they have bitcoins in there wallet address which can anywhere be transact as freely.

This can make Bitcoin price lower, because China have many BTC mining pools, plus China is large country by itself. Chinese people can change Bitcoins via other bitcoin exchanges, but China have own restrictions, so may be it is not possible.  ;)

In my opinion, China is doing this just to keep its people away from investing in the market of uncertainty. Besides, investment in gold and silver has also been appreciated. But there are also few companies which give part of their salaries to their employees in the form of Bitcoin so having said that, China is only trying to keep the technology limited and let only a few people use it.

I think on that time there is an effect but not now because bitcoin now is going up. Althrough china is  almost 2 billion population but in this time bitcoin skatered all over the world and many investors. So at this time there is no effect yet.

This is not the first time China has banned the use of bitcoin. The ban will only affect the price of the currency for some time, because it causes panic, but it only takes time. I've heard good information that China will soon open up and legalize bitcoin trading again.

Certainly bad news, China is the country's largest users of cryptocurrencies so if the Chinese government banned bitcoin, exchanges and ICO it will have a major impact on the declining number of users.

Of course it will adversely affect the value of bitcoin. In China there are 2 biggest markets bitcoin, ban and closing it makes the user can no longer use bitcoin. It causes the number of users to decrease and affect the value of bitcoin which also decreased.

The Asian market is too large for Bitcoin to just fail in Asia especially since the Asian markets have such a large impact on the flow of Bitcoin along with other Altcoins. While China is attempting to totally ban Crypto exchange and totally stop mining because of cautionary tales such as the city of Shenzhen feeling the effect of mining pollution, their Asian counterparts Japan are allowing their one of their biggest financial service agents to move forward with plans to open a Crypto exchange in the near future and people in china are still within the trade of Crypto through other means than exchanges. There is a lot of FUD in the Chinese region about Crypto but that looks to be mainly in terms of environmental issues and security issues but that will soon become a moot point with the progression to Proof Of Stake models such as Proof of Ambassador in projects like Bitcoin Origin involving no physical mining at all.

https://cointelegraph.com/news/japans-financial-services-giant-sbi-launches-crypto-exchange (https://cointelegraph.com/news/japans-financial-services-giant-sbi-launches-crypto-exchange)

Obviously it loses value with a smaller community.

In my opinion, anything that relates to banning bitcoin has a bad effect to the cryptoworld, but it might hasve some good effects as well. I believe these banning of cryptocurrencies in some countries only means that the cryptoworld is gradually taking over the fiat system and that is a good thing for the cryptocommunity.

Even the china will ban bitcoins in their country still I think that people there will hold BTCs there because if the government is unaware about the fame and popularity of BTCs, I am sure the people wouldn’t act like that because they know about a well and secure future of BTCs ahead. And if they become panic and sell out their BTCs, I know people all over the world would instantly buy them.

Of course you can say that banning of bitcoin of China can have a negative effect on the value of bitcoin. A great percentage of the users of bitcoin is from China as it is a big and populous area and banning it can ultimately reduce it.
Not to mention that the news of banning may influence other people's opinion about bitcoin negatively, it can be a trigger for other governments on succession.

It's was bad  because the price took a tumble and it's good for traders and those that  were intending to buy because it was cheap. It's also good because Bitcoin has proven again that it can be resilient eve against the dominant Chinese miners and market.

we know that in china many big investors are staying, so this is very detrimental to bitcoin to continue its development. and that may be one of the factors falling btc prices to date. although we know that china has a plan behind it all

I think its a negative way that china was banning crypto because china has a big popularity of bitcoiner's or using crypto as I saw they started banning crypto the value of bitcoin and altcoins is dropping so its a bad thing for us.

It is not a big deal for the long term! I think it is a good measure to crack the scams OCO although there are some genuine ICO. As the adoption is increasing, many people realise the advantages of btc. It is hard to say what will happen with the policy.

I do not think that's a good news. It's probably a bad news because this is a negative news that negatively affects the growth of e-currencies in the Cryptocurrency market. It will directly affect Bitcoin and indirectly to other electronic currencies. China is a very good trading market for investors. The ban from China is always worrying and confusing to investors.

Well china now adapting cryptocurrency and that is the best thing that happen because we expect that there will be a good increase on its market price of the cyrpto in the market with the participation of the chinese people this could add a lively market to cryptocurrency. As we all know that the chinese do love cryptocurrency and CHina is one of the countries in the asia with a large consumer on cryptocurrency.

I agree with you. Although China has issued a ban on Bitcoin in the country. But the ban on Bitcoin-related transactions will adversely affect non-Chinese nationals living and working in the country. It makes it difficult to use the property of a citizen in another country. And the Chinese market always has a great impact on world trade.

After a ban or regulation at that time, has triggered a massive panic sale in China, inevitably the value of bitcoin also experienced a very sharp decline. For us, this tragedy is a heartbreaking story that I may never forget forever.

Those happened long back when the price was plunging towards the peak. Now quite often they were making regulations to make everything functional in an orderly manner. When China imposed ban upon exchanges the impact upon the price got affected, but didn't last long as the exchanges started to function with base on other countries.

This could be a bad thing for cryprocurrency community. It's a huge loss of population.

That bad, that is of the one reason why bitcoin users decreased this 2019 because of that strict implementation to avoid using Bitcoin or specially to ban the exchanger which is needed by each user.

This, of course, had a negative effect on the cryptocurrency, but still there is an opinion that China will soon resolve the cryptocurrency in its country.

I think this will not bring any impact, and this is proven because bitcoin users are so strong that the price is not on the floor. bitcoin users around the world including in china will keep bitcoin even though its government banned bitcoin.

It is not a big deal for the long term! I think it is a good measure to crack the scams OCO although there are some genuine ICO. As the adoption is increasing, many people realise the advantages of btc. It is hard to say what will happen with the policy.

what the Chinese government is doing is actually an effort to get the data to create the regulatory framework of the virtual currency industry. Bitcoin trend can not be dammed and in the near future China will withdraw the rules of banning crypto currency trading

China is the world's largest crypto user, and if they banned crypto exchanges then this is bad news, and the possibility of bitcoin price drops is due to the issue, I hope this is just a momentary panic.

China is doing bad thing in bitcoin since this is not the first time that china banned bitcoin in their country's. I think this is also the reason why bitcoin price in the market is very affected and suffering a bloodbath. because some of the investor's are getting race to be panic and sell their coins.

china banning bitcoin exchangers is definitely nt a good step they are loosing cryptocurrency profits in their economy and innovation of blockchain as well

Yeah of course the bad influence that will result when the regulation and ban is applied to bitcoin, and the restrictions imposed by the Chinese government some time ago did make the crypto world chaotic, the price constantly going down, and there was a great panic selling, could it be part of the manipulation? I don't know but banning is bad effect

I think it was a very good thing that China banned bitcoin last year, otherwise the price of bitcoin would not have gone up to $20,000. So we don't see the bad side of anything.

I think the Chinese people will not be affected by the news.
I'm sure they will find ways to access or trade Cryptocurrency. Whatever the risk.

I don't think that we need to be suprised cause they were doing that, they are and they will do and only thing that we could think about it is that that it haven't got special meaning if we talk about whole crypto market.

actually I personally feel it is a bad thing because it can affect other countries about their views on bitcoin and crypto. but it only happens in China and they reasoned it was just setting the regulation about crypto.

I agree to that because if some of the chinese people in China are really into cryptocurrency then they will move to another country which they can access bitcoin like in the singapore that they can move their and start their new life there and still access and have a connection to the cryptocurrency to continue their living.

I think it is a bad thing. China has a large population and the Chinese people have money!
Adding them to the world of cryptocurrencies will make cryptocurrencies go up!
Their withdrawal will lead to the market's depression!

The bad effect is of course when this ban comes, activities in the bitcoin of so many people have been unable to perform, especially the miners, China owns a very large number of miners, if they only exploit but they are not allowed to trade, that would be a terrible thing. However, we should also look more deeply the problem, it also has good effects, which is that China will not be able to manipulate the market and make a big impact on the market, many people will be more comfortable in trading, and this news can also be considered advertising for bitcoin, helping to spread bitcoin

In very beginning it surprise us too much, because at that time Chines were the most contributer in bitcoin. Still i think that chines are contribution a lot, still i am hopeful that they will revise their decision and like japan they will also make bitcoin as legal currency, because bitcoin is the need of the modern time and in modern time its use will increase more and more.

China is banned icos last year and that is the reason why the market prices is down for a few months but still bitcoins managed to reach $19k dollar before the year ends, so we should hold our coins today since cryptocurrency is expected to grow just like what happened last year.

The Chinese government banned local bitcoin exchanges in September last year. But the latest data is that the number of Chinese users on the stock exchange is increasing. I think the prohibition decision is not very effective.

Many use bitcoin or crypto in china. if it happens it is a bad thing. crypto users will be reduced and prices will drop with the loss of investors from there.

For me it is bad for those chinese who depends on bitcoin and other cryptocurrency cause we all know that china has a biggest population in the world so they really need a work providing companies including bitcoin and other cryptocurrencies they are big help for they unemployed no.s of people.

These are some of the reasons China forbids bitcoin
Virtual currencies are hard to control
Bitcoin exchange rate up and down purely following the market mechanism. The government can not control the exchange rate, unlike the yuan against the US dollar. The government does not like something that can not be arranged.

Easy to use for fraud
For some people who understand the movement of Bitcoin, it could be a profitable investment. But for those who do not understand can be bandwagon and entrust the money to buy Bitcoin through any place so that there can be fraud.

Destroying the investment world
Bitcoin is potentially bubble and breaks out after a lot of popularity and lots of people want to have. Evidenced by its value that skyrocketed from Rp 10 million to Rp 60 million in just 8 months. When the bubble bursts and the price falls, the investor will be harmed.

China is the center of virtual currency transactions
Two of the world's largest Bitcoin markets exist in China. Imagine how much damage China suffered when bubble and break.

China wants to make its own virtual money
It is not impossible that China wants to create its own cryptocurrency that can be government legality. During this time many things are banned in China, in the end they make their own.

Used illegal transactions
Bitcoin transactions are difficult to trace. It is used by irresponsible parties for money laundering, drug sales, smuggling, and other illegal activities

So I think the Chinese government wants to keep the economy in their country stable by banning bitcoin, but this is a bad thing for bitcoin traders because it will affect the price of bitcoin

absolutely bad,there is investor from china make volume of cryptocurrency good. so it's bad news for us,i hope it not happen in other country

such conditions will adversely affect crypto development and will have a direct impact on bitcoin prices. all countries are afraid of crypto because local banks will lose customers, due to migration of investments to crypto. crypto does not need a system like a local bank so investors can manage their own finances without involving others. this is what all nations feared if crypto legalized. so China forbids crypto.

this is very bad and will have a direct impact on the price of bitcoin or altcoin. but we have to keep calm because the money exchange market is very much not only in china. Chinese investors can use the coin market outside their country so they can still trade with any country.

Although it may have an impact, I doubt if it will be profound and lasting. The Chinese market is big and is one of the main players in the cryptocurrency market, no doubt. But, I think that this market has risen up to a status that it can overcome and adjust at any bad thing thrown at it. Hopefully though that they lift it up soon because the mere size of China's market helps cryptocurrency to steadily grow.

Certainly bad news, China is the country's largest users of cryptocurrencies so if the Chinese government banned bitcoin, exchanges and ICO it will have a major impact on the declining number of users.

The market in recent days has been volatile and difficult to predict, as you can see that market capitalization is continuously adjusting and decreasing, which suggests that cash flow from crypto is moving elsewhere. invest. On the other hand you can also see that gold has been rising over the last few days and is peaking in the last four weeks.

China is a special country in the world. I think they have very good economic system, developed and effective. People work a lot and get good money, so they simply will not have time to invest in Bitcoin. And of course, the policy of the state, too, is not for Bitcoin.

The People's Republic of China is an eastern country where the concepts of wealth and money differ from the representation of these values in the Western world. In China, it is encouraged that everyone owns physical jewelry, not virtual jewelry. The ban to deal with the crypto currency is perhaps an attempt at total control. Or the protection of their citizens from a huge soap bubble. 

i think China seems to want to set its own digital currency. they seem not like to be monopolized by other countries, in this case is japan. so they will mimic bitcoin products and developed themselves

I think that is what really the china is trying to do right now, they are trying to make their own digital currency so they can take control of it and that will become the key for them to make a lot of profit through managing and controlling their own digital currency and that is the reason why they banned bitcoin exchanges because they want to start for themselves which is bad because they are not helping the possibilities that crypto can provide them which is an already tried and test tech.

I have to disagree with this, china is one of the countries that has the most number of bitcoin users, their policy may not be in favor of ceypto currency, but so is thw rest of world, since they have a lot of exchanges before and are producing a lot ICOs, they are more inclined to block chain technology than the rest of us, and also they have the technology to mine, they used to be one of the biggesr miners around, side by side russia.

We all know, China is a huge country, Banning bitcoin exchanges in China will surely create a huge downfall of bitcoin value,  China has a large volume of bitcoin investor, We presume the value of bitcoin followed by alt-coin will turns bloody in coin market cap. Big trouble to crypto investors.

Well any ban from any country would of course be a hard hit for btc whichever way ypu look at it. But the effects would eventually wear off in time and btc will recover. China has always been against this market but remember that bitcoin's all time high last year happened with an active chinese ban on exchanges.

In banning bitcoin on china there was a good effect and bad effect. The bad effect is many individuals in China that using BTC will lost thier profit. And the good effect was many people in china will take their responsibility to pay their tax.

I think the problem is, that China, despite having many users with BTC, does not really control them, and does not even ban them. So BTC will continue to be a good way to maintain value. So the price will go down a bit, and they will only recover, because people who know the true value of BTC, will only hold them all over the world.
I do not think this is anything new. If I am not mistaken China has done that in the past. I think that of course will affect the price of BTC, because all sellers are panicking, and all that just use BTC to trade.

Just like when china banned all the icos on their country, the prices of cryptocurrency in the market has decreased so much last year but still it does not matter because bitcoins managed to reach $19k dollar before the year ends so keep on holding your coins today in order to become wealthy in the future.

This was back in September, and as we saw with the Bitcoin prices it did not affect it at all. We're at a point where a single country cannot really affect the price.

I agree with your opinion friend. As players decrease, the price is rising. Therefore, it is worth thinking about investing in Bitcoin.

I think any news and speculation regarding the ban on bitcoin use in any country will have a bad impact on the market, you know the market and users are very sensitive in this few month about that news, when this news re-emerges, I'm sure will have a bad impact on the market crypto

Actually I would beg to disagree but it does affect the values of Bitcoin in the market and that was the reason why the prices dropped so sharply. This is a factor that we call it exogenous and it disturbs the economy as a result of which the demand falls and the prices also fall. What matters the most is that China was the center of high Bitcoin mining due to low priced power and if that is no more, of course it affect the Bitcoin.

China prohibits the spending of bitcoin, good or bad? a good question, for me want China or any country that forbids bitcoin, still no effect why? because now the whole country already knows about btc and they are already thinking about what will be made btc for each country, so for me still btc will grow and good, although there is a bad side it does not last long.

If you are talking in the perspective of China they are only doing it to save their economy from being devalued and a master at cloning products, therefore, they may ban bitcoin but they will introduce their own cryptocurrency to be regulated in China.

China is a big supporter to the cryptocurrency. Due to some economic failure and fake volume of exchanges made it go with banning of few exchanges. Even after that they were allowed to function with certain norms to be fulfilled as well regulations were made effectively. I believe exchanges will prefer other countries as base, if China is strong in banning exchanges.

Lol. They've consistently done things to try and take bitcoin down in their country dragging the market down with it as well but in time, the market recovers amidst all the hoola from china. I don't think we need china here :)

China is the largest miner and largest investor in the world. that's my opinion.
if china prohibits accessing bitcoin it will have a bad effect. auto bitcoin enthusiasts decreased and caused prices to drop rapidly.
I consider China as a bitcoin investor ambassador.

Not only bitcoin exchanges, they ban everything from the outside. And the answer is both good and bad.
But after talking with a chinese guy, I tend to think more about it as a good thing.
Lets talk about it in a wider perspective. China is trying to make their entire ECONOMY closed. (Facebook and Google can not go there and do anything; Wechat is dominating over there)
With that, it will not be affected by other nations. It can develop and grow its own way, which is the reason why no one can stop China from growing so fast now.

In previous years China has shifted the position of the United States as a country with the largest economy in the world. Likewise also in the world of bitcoin, bitcoin in mainland China's quite popular. In China, there are a lot of bitcoin miners, many bitcoin speculators and also many demand and bitcoin offerings in China. Mainland China has become an important part in the bitcoin world. So don't be surprised if China's very capable, to shake up the price of bitcoin.

in my opinion good

China banned the Bitcoin exchange as a bad move, which negatively affected the whole market, especially during this unfortunate period. But the owners of the exchanges have moved their companies to accept them. This has had a positive impact on the market.

I think that's a good thing, because when they do baned to bitcoin, the price will automatically decrease, this is a good moment for us to buy as much as possible in a low price, this will be very profitable for us when prices move up

As China bans bitcoin and crypto, it did greatly affects the market value of bitcoin as it plummets down to thousands of dollars. But after that, the cryptoworld has used to it and moved on without the support of China and remarkably, bitcoin has surged to 20,000$ last year. So i don't think the banning of China in bitcoin exchanges is a bad thing.

Making China great. Cause bitcoin is our cryptocurrencies cause we have been a good job, but we should not capitalism. Cause bitcoin are not capitalism. Cause we all have a new study. I believe that bitcoin is not true, and technology  Cause I think it is a new study, but its my account.

The bitcoin valuation increase is most affected to increase by mass adoption and China alone consists of nearly two-thirds of the world's population, refraining china from using bitcoin is not a good sign for bitcoin and its valuation however a democratic pressure may make it inevitable too,

I do not see anything good in it. Yes, this ban affected the cryptocurrency prices and they started to fall. I do not think that we will see Bitcoin for 20K very soon.

We know that most Bitcoin investors are from China, they are holding a large number of bitcoin and if they will ban even the exchange of course it has an effect but over all we can still recover just like what happened now still the bitcoin continue to rise although a lot of countries ban bitcoin. Any thoughts?

It looks like some people took advantage of the banning at exchanges to damage bitcoin value, all they are doing is legalizing the exchanges giving them licenses to operate into the market, soo as i heard about the legalization is coming into China, soo prepare for a huge demand for bitcoin. ;) ;)

Yes thats true , china is a large country and most people living on that country are business men or business minded . no wonder that china have also got the most crypto users but i dont believe on this news .

why would they ban crypto exchanges if they are using a crypto ? Maybe they only ban bad exchange or the scammy ones but other legit exchange like binance and bittrex are not .

Banning some are not bad and it does not affect the crypto market .

For a reason, China governments do not want to see competing currencies. They threaten their monopoly to create money and control the financial system and the economy.

This is of course very bad, but as we see, many chinese people continue to use exchangers through various possible ways to bypass the ban, so it's okay if someone wants to work there with cryptocurrency, anyone will find a way to bypass prohibitions. Perhaps in the future, the Chinese government will change its mind and again will allow the use bitcoin exchanges.

For me it's bad news. But I am convinced that China bans bitcoin with the aim of creating its own cryptocurrency to be used in China. China as a developed country always has a breakthrough that protects its own citizens, because they believe in any case China will have a large market, with a population of 1.3 billion people.