Bitcoin Forum

As some crypto experts such as Clif High, Bix Weir, Teeka Tiwari of The Palm Beach Confidential and many others have already predicted it is very possible that the Chinese can trade again with bitcoin and other cryptocurrencies in a short time as soon as the authorities regulate this market to avoid scams.


Info: https://cointelegraph.com/news/chinese-might-be-able-to-trade-bitcoin-again-soon


It seems quite clear that the Chinese government wants to harmonize not to lose its privileged position in the cryptocurrency market and at the same time regulate it.


If this forecast is confirmed soon, it could mean a strong boost for Bitcoin and even more for other cryptocurrencies such as Neo or OmiseGo.


Do you think that this will happen as soon as it is predicted or will we still have to wait a few more months? Or do you think that this will never happen or at least not so easy?

you can never predict China, they will do unpredictable stuff. they may never allow bitcoin, or they may remove all restrictions from it. both are equally possible in my opinion.
however from what i have seen, they have nothing against people trading bitcoin. they banned exchanges that were shady and had lots of ICOs.

i believe this will eventually happen. it may be a couple of more months though.

At this point does anyone even care?
Bitcoin is stronger than ever with over $100B market cap and $6.2K each, without China.
While it is positive news, I don't think anyone cares what China is doing with Bitcoin anymore. I feel as though they have lost their influential position..
I suppose we'll find out in the coming weeks. Such rumors are spread for a reason.

Any serious trader is going to care about it as this could influence the price and there could be a lot of people buying again from China which haven't for a while causing a slight rise of price temporarily, therefore any indication that they are going to be allowing trading in it again will indicate a good time to invest just before that happens.

They were always going to remove the ban, they will miss the taxes that bitcoin exchanges & mining farms pay. This was always a ploy by their government.

Maybe it is a good news that China will become part again in crypto world but in other side I totally agree with you that we didn't care anymore in China as bitcoin is already unstoppable now without them.

Predicting China is like predicting momentum of particles in quantum mechanics. In simple, its impossible and they would do the opposite of market thinks just to manipulate and gain from it

Can't predict what China will do, but if they do allow trading again, it will be a positive thing for the market! So fingers crossed.

please, when did China ban bitcoin trading, i ahve never heard of this, man, ban ico and exchanges didnt mean ban bitcoin trading nor bitcoin itself, you should know the difference

People expected to collapse Bitcoin once China ban exchanges but BTC recovered quickly and hit ATH. So with or without china, BTC will continue to Moon.

China has one of the biggest cryptocurrency trading volume obviously, it doesn't matter if you and me care about China govs regulate bitcoin.
But, after they cracked down, bitcoin price dropped significantly, which mean Chinese bitcoiners are biggest players in the market, especially miners and mining pool in there.
Actually, China government never ban bitcoin or even exchanges, as Huobi and OkCoin still operate until today, and their's bitcoin exchange rate even higher than global exchanges.

If you want Bitcoin to Moon you have to accept the fact that more people using Bitcoin, more demand, Bitcoin price goes to the Moon. Yes Bitcoin was able to recover after China banned using Bitcoin but imagine what would have happen if China did not ban Bitcoin and there's forks after forks happening. $8,000 USD? $10,000 USD?

I agree with you that the future of bitcoin does not depend on China right now. Its evolution towards mass adoption will be slower or faster, but it will happen.

However, China can be an important catalyst for this movement to be more explosive.

If the Chinese government banned exchanges, it was bannig trade in some way or at least making it more difficult  ;)

China trading bitcoin is great and helps.
But
1- I think best to focus elsewhere and if and when it happens then great. As mentioned it's impossible to know what's going to happen there and what's FUD.
2- as bitcoin matures and is less dependant on China for volume and as they keep flipping one way or another I think the market gets desensitized to Chinese impact

China did not ban bitcoin and/or exchanges, they're just reordering their cryptocurrency industry and market now that it became too big.

It started as an experiment, grew up a lot and now the government is calling for the proper regulations.

poor Chinese that have to deal with that shit from their government all day long every day, but who cares about what China does any more? they lost their validity a long time ago when they first started coming down on their exchanges and each exchange volume went down 10 times showing how fake that volume was!

the only thing which remains remotely important is mining, which is coming to an end with other countries like Japan and Russia starting their own ASIC production and mining farms.

hopefully in a couple of years we see a more decentralization and also more people realizing what decentralized currency really means.

That's goodnews for everyone but bitcoin is already fly without the help of china but it will help a lot when the chinese back in the market. China has a big rule in the past year of bitcoin.

Did you know the meaning of the "soon"? The important thing to see about what will have done by the china's regulator to prevent the scammers to appear.  To make a verification will be better if there are some people are trying to build their own icos or ipo. But if the yuan pair will be available again and that will give a huge impact to the bitcoin's price. We know that this time all of the yuan trade to the bitcoin already closed due to the regulator's instruction and what will be happening if that will be available again soon.  :D

I think previous issues raised by china its their strategy to hold more bitcoin in cheap price . then after Russia also came up with same issues but its couldn't able to succeeded. If china would done without any proper intention then they should be regretting now.

Even i am also thinking same chinese are proper strategist they could have knowing the price increase and also bitcoin fork so they prepared to get cheap coins by doing such all issues. Now price climbs back they will release their holdings.

OP, to tell you the truth, I don't think the crypto world cares anymore for China and what she thinks. Cryptocurrency has been able to survive the backlash it got from the Chinese ban and has since moved on. Honestly, I don't give a hoot if China re-embraces cryptocurrency or not. In fact, to hell with China!

We said this 2 months ago. Nobody was gonna care of the Chinese government's decissions and that happened. The participants of the market kept trusting bitcoin and we observe the result. All time high value was reached!

I think it could happen that china allow their citizens to trade bitcoin again since they know the power bitcoin eventhough without them involved.

At least now China is banned from trading。 :-\

You can't stop money you can regulate it. Chinese government is the most corrupt government in the world, they did the temp ban just to advertise bitcoins to those who had never heard of it.

i think they will start again trading soonn..but without China the exchange market is gaining its strength thru altcoins whose its value is going to the moonnnn

I have a feeling that it's not going to be easy for these traders to trade their precious bitcoins. The government will MOST LIKELY tax every transaction they have. Meaning even if they trade or just move their assets from one wallet to another, the government will tax the hell out of their bitcoins. The logic here is that "to prevent scams" but all they do is take most of the slice of their cakes.

If you don't care about China trading bitcoin again it only means that you really don't know how the market goes.
The price that we have right now doesn't include the coins that Chinese has. Imagine if they can put an additional
10000 coins in the market every day what do you think the price will be considering that supply will go up with a
less increase in demand since they are trading by them selves right now.

Influence is not a question on China return it is the coin that they can put on the market again.
Expect for a deep of at least $1,000 once they joined back to trading.

I guess that once they finalized their decision, this would have the potential of significantly increase the price of bitcoins before the said fork in November. Like what you guys said, this also might even be a strategy in order to increase the price, thus making it the perfect opportunity to invest once again into bitcoins. Hopefully, they stay loyal to their word and they will hasten the process to bring less-burden to us holders.

This was all a calculate response to bring the price of Bitcoin down to buy tons of it, and they now have a new exchange starting in November. Some people think the Chinese governement is even running this exchange, they know what theyre doing.

I think that shows that Bitcoin is bigger than any country. China is one of the main counties in the Crypto industry but still after one month it seems like the "china crisis" never happened.

I agree with you. even i personally do not care china will be involved back on bitcoin. I think china is just a problem for crypto after what they did on bitcoin and crypto in the past.

if they keep the exchanges closed and not let them start their services again then the government will lose their control because people are going to continue to invest in bitcoin and continue trading it. even if it means doing it elsewhere or face to face, there is no stopping that.
so it is better if they allow the old exchanges to come back to work and then have control over them by regulating them and watching the flow of money in and out of these centralized exchanges.

They will lift the ban to exchanges and that is expected from the Chinese government most right now where there is a ban in their country where they have most of the miners and some users/traders of bitcoin but still the bitcoin's able to pumps it's price, so if China will go back to trading that will be a huge impact to its fluctuating price to pump again and reach 10k or more for the next year.

Yes even China’s major exchanges have found a legitimate means through which to continue operations despite the Chinese government crackdown on cryptocurrency exchanges. the bitcoin is not related with one of country it depending on the community of bitcoin ( developers, miners and users) the people of power will be the winner (the community of bitcoin power will be the winner)  :)