Bitcoin Forum

So China is evil i might be a noob but China know what bitcoin is. They are going to dump the price then just gonna hype it which is good for me, but its not fair. I like bitcoin and make profit with it but right now its good that bitcoin is going to relies less on China which will just prove to the main stream the bitcoin cant be stop. So the price is going up no matter what.

Now we will see that China isn't need for the price to go up which is good because people won't have a mind set its all China and not just a China bubble like 2013.

When China doe come back the price will rocket from the hype.

Bitcoin is going to the moon and when people sell more for us :D.

I hope to see you guys thought on it, i'm going to work on more tip bots. Have fun guys

why?
just because they banned ICOs (a known way to scam people, which is also illegal in many jurisdictions)?
or because they closed the unlicensed exchanges?

bitcoin never really relied on China to want to stop now :)
just a couple of months ago (earlier this year) China did the same and closed exchanges for about 2-3 months and we saw nothing happened to bitcoin and price continued as before during that time.

the 2013 bubble was a MtGox doing which was located in Japan actually ;)

they have not gone anywhere yet and won't go anywhere either... it doesn't matter what the government says.

I don't see anything wrong with China move to ban Ico, many countries have done that. As far the exchanges are concerned they are in their right to make regulations. Now coming to will they back, I don't think so, their share is very low. Other countries have taken up more market share, China now no longer dictates the Bitcoin market, so I don't think one should be bothered because of china.

well that is why they call me a noob.  ;D :D ;) @pooya87

^^^ Ditto. Couldn't have said it better myself.

With all the newbies floating around these days there is a ton of misinformation being learned or spread. Thanks Pooya for correcting this good Newbie on what China's role really has been in this little project.

The Chinese government cracking down on the bitcoin business coming out of their country is a good thing for the rest of the world. To a certain extent they're starting to break up the monopoly the Chinese participants have had.

China bans ICOs and you're taking it like they banned cryptos in their entirety. If anything, I am for China banning ICOs since they are just ways of sucking money from people by making a useless token, dressing it up like something of value, selling it, letting it be a speculation tool for a few weeks, then letting it die and moving on to the next ICO to make money off of. You rarely find any kind of ICO that is worth it for the average person, and shit, you even see ICOs with advertisements now. It just proves how much money they can make off of it all.

don't confuse FUD with reality.
what happened to price of bitcoin was the result of FUD and the fact that everyone else loves to jump on board of manipulation and then with the smallest drops everyone else panics and starts dumping forgetting why they bought bitcoin in first place!

what happened to altcoins is a bit different though. the bans affected them when they banned ICOs both ICO and the platforms such as etehreum that live off of ICO were affected. that is the reality that either hit the market in small size or will hit it eventually.