Bitcoin Forum

Forbes article provides the political motivation behind the ban and hints about the possible revoke soon

https://www.forbes.com/sites/panosmourdoukoutas/2017/09/25/why-chinas-ban-on-bitcoin-may-be-temporary/#5ca43cd97929

https://cointelegraph.com/news/chinese-ico-ban-may-end-after-oct-18-with-communist-congress-elections

Interesting article, only time will tell if this is actually factual or just an analysis.

If what the articles says is true,then it is a good news for us

it still am waiting to see where they banned "cryptos" or as the article title says "ban bitcoin"!

to this day i have neither read any news from China about banning bitcoin nor i have seen then actually banning bitcoin.
the only thing i keep seeing is that uninformed news sites which do not even know what bitcoin is, repeat the same thing about China banning bitcoin!

the funny thing is even Chinese themselves are annoyed by this lie https://twitter.com/SatoshiLite/status/911067464796053506

Interesting article. Already China announced that they are not able to ban bitcoin. Just they want to regulate ICO and Altcoins.
Probably in short term they will announce that they have a new license for crypto trading companies.
Then we will sky rocket :)

Interesting read. The thing about mainstream media is that they mumble and jumble everything together when it comes to cryptocurrency. Most of these writer just don't understand what this is all about. Instead of some of them to seek people with clear perspective about crypto, they keep regurgitate each others mislead information.

I like how optimistic is Forbes analyst about the China, they are always think ahead of anyone else. ;D ;D

At some perspective maybe the news actually is true but i dont know either if its a good or bad news if ever the election would really have new sets of administration. Cause what if the next administration would continue the incumbent administration. Let's just wait because as of now, the temporary really had great effect on how the price of btc is increasing because of their role on mining.

Whether the news will be something that will live up to expectation, only time will tell because I would rather not keep my hopes high but eventually when this happens, it then mean there is going to be a serious high level that has not been reached before with the factors such as Japanese interest growing, Amazon speculative acceptance and now, China coming back into the game.

That already mentioned by a lot of the people if the ban just a remporary and there is a statement from the pboc's site related to the banned of the altcoin coin in the chinese exchange site or china's territory.
That was definitely true at all.

I think the article is wrong, what I heard is that China banned some chinese exchanges and they will close operations at the end of this month.

But still everything else it said applies, BTC can't be ban and there's a lot of chinese people that prefer BTC better that Yuan.

Hope this is the case, the fact is that the cryptocurrency world took a huge hit and is coming back stronger.

If China gets on board then it's all steam ahead!

Sounds like good news for the community  :)

Even if it's true, thanks to the ICO ban in China and so the closure of exchanges, the majority of the Chinese ICOs has probably re-located to other countries where it is legally accepted to deal with ICO projects and cryptocurrencies. Besides, I highly doubt that the ICO ban in China could be reversed, by the way. What for?

Interesting commentary. I was expecting to see something concrete. Nonetheless, good article.

At present and in the immediate future, however, the size of the Bitcoin economy is far too small to be a real threat to the Beijing government and the banking system it owns and manages.

i guess the pull back was eminent and was going to happen eventually, healthy for markets to react this way. new ATH soon

I don't believe it. I think China has lost so much money with various types of capital flight that they're clamping down on all of them.

In a way it will be good to get the whole China thing done and ended, and then we can grow with these "china is going to ban bitcoin" stories we've had consistently since 2014.

Thank you for sharing these interesting article to me, I think the Chinese government will not ban crypto, they just want to stop ICO scams.

Oh what a suprise, China is not going to ban all the cryptos :D

Sure
In a digital age and in a flat world like now, nothing can be banned
The Chinese government can not resist the development of crytocurrency

That's right, I agree with you
Any development of hot, cheating or unsuitable phasp needs to be inspected
All is just to serve development and find the right direction
No fraudulent ICO

this is probably the dirty strategy of china
which I want to ask
is the bitcoin created in china?
does china create blockchain technology?
we can only wait for the next news

It seems that the Chinese government has not been able to prohibit the crypto currency in its country and in the near future its circulation and exchange for ordinary currency will be resumed. This is good news as the Crypto currency market has frozen in anticipation and this is hindering the normal development of the crypto currency. However, I would like to hear clear statements about this very government of China. Too many rumors and unverified facts, and the information provided is not sufficiently specific.

As the article said it is politically motivated and this is a good news actually as the ban will be lifted after the election. It's good to see that the price will be ready to enter $5,000 on that day.


No, it is just mined there by different mining farms as most of the miners are living in China.


No, it is created by Satoshi Nakamoto but no one knows what's his nationality either.


Yes and that news is going to be a good one.

Not sure how they can conclusively stop bitcoin in china. It would be very difficult to work out who actually holds it in order to enforce the ban.

Interesting article, but actually who did really think that China would really ban long term this new crypto-economy?

To be honest I dont know what is inside of the government's mind but if it is true then it will be a good news for all crypto users,  but I feel a bit pessimistic about this, China really strict about alot of things, I dont believe the ban is going to be temporary, but let just hope for the best because the decision could affect the bitcoin and other crypto

In October or November, China will hold its 19th Party Congress. It’s not an election in the truest sense—the Chinese people do not get a vote—but at this closed-door meeting, officials will appoint some of the country’s top leaders.

Next year’s Congress is more important than most. Five out of the seven people who currently sit on China’s all-powerful Politburo Standing Committee are set to be replaced, while about half of the 18-member-strong Politburo are also outgoing.

no one should be care about china anymore, really.

. Let's hope that after the next party conference in China on October 18, which will elect a new party leadership, new party leaders will have the wisdom to cancel prohibitions and restrictions on the circulation of crypto-currencies inside the country, leaving only its reasonable regulation following the example of Japan. I do not want to lose such a large crypto currency market as in China.

out of curiosity, how would the actions of the china government affects the tons of mining farms in China?
I really don't see how they can ban totally....

Though i heard whatsapp was "blocked" in China recently.

I don't care about China anymore but have to say this:

The government of China wants to ban exchange to investigate money laundering. They will reopen soon after finish investigate. 

It's all politically motivated undertakings, the banning of ICO and exchanges. Well then, I'll have to wait and see what will happen in the crypto currency in mainland China after the upcoming communist party convention. Maybe a government self issued digital currency will emerge and a regulated ICO and exchanges.

I do not believe the China and their people.
But I believe the Forbes.
I am a good guy, and no one else is. ;D

I would agree wih you BTCLovingDude, i have been saying
This for a number of days now. It seems like people pick
up on a whisper and it just spirals out of control.

The only news i have read is that china imposed a temporary
ban on exxchanges and would look at implementing a
licensing system. And as for ICO's they need to sort the
Legitmatenones from the scams.

Its good to see the mainstream media report something Positive

I think it will be better for all, if China would be out of cyptos with they manipulations on the whole cryptomarket.

Another theory is China ban all ICO and cryptocurrency so they can create their state-owned, state-control cryptocurrency.

chances are it's true bitcoin in china is temporarily disabled,
but i also think if bitcoin there will really not be

Whatever the affect in cryptoworld because of China rumour o think it’s healthy change because there is lots of ico coming up with only scam interior with the white paper and website . Ico has to be regulated so that lots of losses can be reduced for the innocent people . Again China is not completely banning Ico.

It does not have to be coming from Forbes in order for people to be convinced of the fact that this will be highly temporary. Crypto is the future of currencies and china will not allow itself to be in the last batch of countries adopting it. China will have to face the reality and adopt too.

I also think that China`s ban on conducting crypto curruncies is temporary. In the future the Chinese authorities, having improved regulatory mechanisms, may reconsider their decision. As soon as regulation of this industry comes into sight, virtual currencies themselves will be legalized, the ban will be removed. China prohibits bitcoin at least once a year. This is just another form of controlling the movement of funds. They probably weaken the ban and introduce controls that they think are necessary.

To me the banning of exchanges in China played out kinda weirdly. A tweet by Charlie lee followed by an announcement from Bobby BTCC which based the closing on the ICO ban. Then a meeting with officials of the other two big exchanges (OK, Houbi). I may have missed the "official" ban exchanges announcment.
Also very little complaints or plans to move from Bobby Lee??. Personally I think they intend to start up again when all their account holders are confirmed clean and the new china bit licence is issued

maybe, because china is just to drop the bitcoin price so they can profit a lot from bitcoin.

yeah i have read the article. China want to regulate the altcoin ico project.announced that they are not going to ban bitcoin. it's a good news for us.
hopefully they will control everything properly.

If the article is indeed saying the truth and there may still be possibilities that China ban will be lifted then it is a very good news.
Since we can't deny the fact that Chinese people are one of the biggest investors when it comes to cryptocurrency.
I only hope that if ever they will lift the ban they will stick to that decision forever.
And will not reach to another announcement that they will give ban again.
Because if this happens then it will be better that they will just distant their country form cryptocurrency forever.
:D

It was clear from the beginning. Each of us knows what bitcoin is profitable. But to earn an income with bitcoin in various ways. Everyone chooses an acceptable method. Similarly, the Chinese are trying to choose for himself the most profitable ways to use bitcoins.

Love your point of view

I agree with the article of Marketwatch all about is  a way for China to enforce capital controls. this is all about bitcoin ban in china