Bitcoin Forum

This may sound funny but that is the reality. why?
Though the title says it all, you know China was the once the safe haven for bitcoin and bitcoiners.
Then, China started doing something to hurt the bitcoin and cryptocurrency in-general from banning ICOs to cryptocurrency exchanges and now they are after bitcoin miners, again... What is your thought on this matter? Share with us. thanks :)

This is a stupid country.
Is mainly the corruption in this country is quite serious, so the BTC and encryption currency is the way of the transfer of natural assets, it will make most of the assets transferred to foreign countries, China's so countries need to control the problem of foreign exchange, this is the fundamental.

you are right, this does sound funny ;D

I have been using bitcoin for nearly 4 years now and I have checked out some of the history of the previous years such as 2013, 2012 and 2011 and as far as I can tell China was the worst place for bitcoiners.

what country do you think all these years were "banning bitcoin" if not China? LOL
do a little googling and you will find the news of "China banned bitcoin" every couple of months like clockwork.

so I don't know what this period of time that China was "once safe haven" means...

Китaй бopeтcя c кoppyпциeй пoтoмy и зaпpeщaeт биткoин!  Boт в Poccии нaпpимep нe зaпpeщeнo oфициaльнo нa ypoвнe зaкoнa и пoтoмy нaши чинoвники ocвoбoждeны oт yплaты нaлoгoв нa кpиптoвaлютныe иx cчeтa!

Call it bias or not, it is a fact that China is a communist country. Their government want to control everything, facebook and google is not even allowed in that country, and now bitcoin and other cryptocurrencies as well. They only want things that came from them, and things they can control. They want things that will give them benefit. Bitcoin, miners and crypto industry is a threat to them. Let us hope for our brothers there to remain safe and anonymous while engaging in trading and mining.

Because BTC brings people wealth, they are afraid of people's wealth.
Also afraid of people transferring wealth, so these are all bitcoins can be done!
Banning BTC can protect their interests! Maintain their rule!

I got the information from the online media, the miners in china mamang so much that the Chinese government forbids mining because mining uses electricity so the Chinese government prohibits mining bitcoin. mining in china every month can get bitcoin 3-6

agree with it
bitcoin can make people more wealthier and goverment don't want it because they can't control bitcoin, they can control people with tax but they want a big pot so they can control the whole people, they just avoided a revolt i think

You are right at some point, but "stupid country"? Are you aware of that they are almost a World Potency? Of course not.
And yes, just like any other big and powerfull country, they are corrupt, they want to make money, and they want to centralize everything.

So why would they enjoy seeing how their population is becoming decentralized? Of course that they will try to regulate bitcoin and cryptos.

Because many people who are in this crypto game comes from them also as I am aware they control the most hashing power because of the low cost of power cost. China is a healthy and good market that's why, look at the volume on their exchanges.

Other than that some people might be afraid that their government don't do things like this and they are uncertain.

I do not know to that country but I always heard that they always banned bitcoin.  Maybe some Chinese are really into bitcoins and they are unstoppable.  Their government always banned bitcoin because it is protecting their personal interest maybe.  And their people are really into bitcoin that is why there is always a need for ban.

From what you have said that China is the safe haven of Cryptocurrencies, then there is something fishy about it. If they are a strong supporter of Bitcoin and other coins, maybe they have a hidden agenda why they are spreading news like that. What I am thinking is that, they want people to be afraid and pull out their money. So that they can buy it a very much lower price.

I really think that China is manipulating bitcoin. They spread news about bitcoin and people start panicking and sell their bitcoin. Bitcoin price goes down, and China buys in cheap bitcoin. So, I think the best thing to do is just to stay calm when everyone else is panicking and buy the dip.

China is the land of communist so they can do what they want and never care for the citizen of their country only take care the economy of their government,but still they not yet banned bitcoin or crypto currency usage they just banned ICOs and all trading exchanges.I think still many people uding bitcoins in china or the demand of bitcoin will get worse and price may crash to its worst.
And there is another bad news that they banned miners but I don't know the trueness of that news.They are doing these kind of actions because it cutoff the revenue of their country largely.No one can involve in this matter because China is a powerful country and their decision will be final on anything.

Chinese government no more restrict bitcoin august event only proves after China ban for some day bitcoin price gone down then after massive growth it reached . Now also same for some day this news will be there then people forget and start normal trading.

You got it twisted, the problem is not China. The problem is that certain people in China are too damn greedy.

China was some kind of motor for Bitcoin during the last years.
Unfortunatelly many people in China used it to bring money out of the country, and the government there did not like that.
So chinese government made it harder to work with bitcoin and put up some regulations.
And those regulations the motor, that causes the bad news.

Then you have to keep in mind that in certain time intervalls intentionally rumors were created to bring the price down in order to get cheap coins.
Those rumors work best if they are about troubles in the most important bitcoin country.

Maybe Chinas government want income to bitcoin in low price ?
He post bad news then buy bitcoins, market recover, then he sold their btc and post next bad news ))

Well, China is still safe for Bitcoin and Bit-coiners, but unfortunately it can be unsafe for them anytime in future. The Chinese government officials might did that to alarm the crypto users that anything could happen in their country.


Yeah, that banning of some well-known cryptocurrency exchanges was a really bad decision by Chinese government as that affected the whole crypto-world to some extent, but I highly doubt that was a drama to make whale investors and holders sell their Bitcoins for cheaper.

Although, I am not really sure that they're good or bad for Bitcoins, but I think that what they did was a really amazing thing at that time, and just because of their ban the Bitcoin's value increased to a new level. It went from $2200 to $18000 under 3 months and many of the investors made huge profits in that period.

:) Agree with you. For the matter-of-fact most governments ignored crypto till the time they realised it has become unstoppable now. Imagine a wild creature, the more you try to tame it hits back stronger. We all have to closely watch the developments.

bad example.
instead imagine cell phone, laptop, computer, ... any new technology and imagine if your government wants to ban them after they came out and there were some demand for it.

meanwhile the rest of the world are enjoying all these technologies, adopted them and have been working with them improving their country and now they are light years ahead of the country that banned cell phones, computers and internet....

Problem is not a China, but such dependence of one country.

In my opinion, bitcoin in the china was treated the currency that's why china getting tight to whoever use, trade, sell/buy, or mining it.

Because in the past China was such a large portion of the volume of bitcoin. Also because in many ways bitcoins goals go against the goals of the Chinese government

Looks like you do not know a thing about China. Try to look at Wikipedia at first, before to make such conclusions. The level of corruption is very low there, mostly because such cases punished by death there.
I think Chineese government just trying to protect their citizens from possible loose from crypto currencies investments. I think they really care about their citizens, cause of if bitcoin will fall where all this people will go to complain? Nowhere.

As a bitcoiners and an investor in bitcoin, nothing is worse than the feeling that bitcoin is ban in your country and cannot be cashed out in your country because that would be a nightmare it's like having something which cannot be used and not functioning and would be useless for the owner to keep it.

Yes, i agree to it that china has seen it coming in negative way of dealing in their country, thats why they banned bitcoin on their country and the other cryptocurrency. China banned the Initial Coins Offerings and the Bitcoin tradings due to high percentage of using cryptocurrency which is higher than using China's settled fiat for exchanges. Government wants to control their assets inside their country not to be controlled by a decentralized system.

Its because a lot of chinese has been getting a lot of money via bitcoin and becoming millionaires, and these millionaires doesnt pay taxes through their government. Thats why if you dont pay taxes its better to shutdown all the mines and exchanges. The decision of Chinese government maybe harsh but i think its for the betterment of their economy.


There are still a lot of neighboring countries in Asia that doesnt ban bitcoin maybe these miner and exchanges can find a place there to set their businesses. As for the ICO, some ICO are scam its better in my opinion to ban them and not let a single money of the investor be put to waste.

China? Been a safe haven for bitcoiners before? Huh..I don't think so. Or maybe there is something I might be missing. Since I began my journey with bitcoin and through my researches, China has not Been so. It hurts me also why this restrictions where be placed by their government on their interested citizens. But the truth still remains that, in as much as the government keeps trying so hard, bitcoiners in that state will still go on with either investing or trading one way or the another. This is the 21st century.

China is scared for their fiat CNY to not be thrown into waste, as it would be considering the economy of China. It was one of the first countries embracing Bitcoin, mining almost 70% of all BTCs, considering the electricity there is cheap. Their official reason is the "electricity, environmental issues and tax" but I think we all can see much beyond that.

When was China ever a safe heaven for bitcoins?I don't remember it at all.China had the most number of miners mainly because of cheap electricity and they had made lots of money with bitcoins without paying taxes so government started attacking all exchanges and as most number of miners were from China ,it affected bitcoins prices.And China has been trying to ban bitcoins for a long time, every year there was some news related to China banning bitcoins and it has also banned ICOs.

It is not forbidden for China to want to control the rapid development of the ICO and its variations. China is where many technologies are growing fast with the bad, the fraud.

Apart from China, many other countries also have negative information. However, China is a big market of bitcoin and bad news is launched periodically for the purpose of establishing prices on the trading market.

It is because China is too populated and the effect of that massive users or miners can greatly affect the cryptocurrency market.

This is true. China is a place of surveillance so it doesnt make sense to them to allow something that would help their citizens become anonymous. It's also possible that they're trying to kill it completely. That's why they've been banning it and unbanning it. They're trying to crash the market by causing the investors to panic sell.

It's also note worthy that there's been a change of power in china in 2012. Ever since, there's been a power struggle between the former and current incumbent general secreatary. The first ban happened on 2013. Perhaps the ban is a result of an internal power struggle to purge the former ruling parties.

China does not harm bitcoin, the whole point is that a very large number of bitcoins are concentrated in China, and the state of bitcoin is very much dependent on the policy of China.

Still they have not yet banned bitcoin or crypto currency usage. They just banned ICOs and all trading exchanges.  All the developments have to be monitored carefully.

becose they want to buy cheap our coins
thats why they acting like that !

There is nothing wrong in banning of ICO's and i hope the rest of the countries will be doing the same and expect these kind of bans this year too from other countries,the reason is simple,these projects are collecting millions of dollars with no restrictions and there are many scams and we need to change that as some disappeared with millions of dollars without any reciprocation.

cause China likes messin with everything as long as it earns them money. they ain't care about civil rights or anything, they also arrest lots of rich people who are not close enough to the plate...

I think they are engaged in a manipulation of the market, it was especially interesting to hear loud statements during the period when in China the New Year holidays and as a rule, nothing happens at this time.

Because virtual currency has no borders, cross-border payments through virtual currency can avoid foreign exchange controls, and there is a greater need to guard against such anonymous transactions for countries and economies where capital projects are not fully open.so china is always bad news for bitcoin

I think china began to acknowledge that there was indeed power and money from cryptocurrency and they wanted to have a facade that they hate it that they did by banning bitcoin and other cryptocurrency in china. However I believe that they have found something or into something and that they would unleash it once its perfected and it would be rivalling that of bitcoin

Because this is a stupid country, this country has a very serious problem of corruption and corruption.
They will not support cryptocurrencies and bitcoins, which would cause most of their assets to go abroad, which would be troublesome for them to run the country. Anyway, shit China.

China was once the safe haven?

Not at any point in which I remember it. Sure it had some big markets and was a large proponent of the network, but it was never anything that was explicitly good. They always had some mining farms in one way or another, some kind of market here and there which generated attention, but it never did anything until they started to do "bad" things.

China is bad news because it shows what a government should be doing about Bitcoin if they were true to their governing ethos, and having a government like that is bad news in general. It's not like they're exceptionally special, really.

China became a superpower country nowadays not by being stupid, they know cryptocurrency can help them gain profits but they also know that they cant control and centralized its assets as more wealhty chinese people started using it to avoid tax, so the first step was to ban bitcoins and other cryptocurrency. That strategy works a bit when bitcoin prices starts to falling in september 2017 if i'm not mistaken, by banning it and lower the price, who can tell if the chinese didnt buy it for themselves at that time.  ;D

Although China banning ICO but Chinese people can participating in ICO anytime they want. The effect is not for long term , there are other countries that start to embrace cryptocurrency and blockchain technology. I think everything is fine.

Because bitcoin only makes a small portion of the money rich, and most people are just cannon fodder, the government does not want many people to be able to use cannon fodder

 ::)Actually, I do not agree with your answer. Now that bitcoin is threatening that country's sovereignty, it is really a fuss. The government is guarding that the current bitter bitcoin is jumping off the floor after its natural collapse, so let it cool down first. I think this time the Chinese government is a rare enlightened person. Ten years ago, the Chinese government indiscriminately cut off the government of the entire game console market and industry in China (which is still a real economy). Instead, the fiery bitcoin is actually not a one-size-fits-all Clarify its status (virtual goods), surgery-like adjustments.

This country is like shit.
They have banned twitter and facebook, which is banned in this country, which they banned means there is a lot of potential and needs to be watched.

For my point of view, I think there will be something big will happen this first quarter of this year. Like last quarter of 2017, China ban exchangers which provide a deep over the market and skyrockets to by the end of the month of November to $19.9k in the market. With these bad news, manipulation really present in the market which make the softhand withdraw and big investors of bitcoin will enter again which makes the market pump. If you will try to check the marketcap from the daily basis, almost $80 billion dollars increase in the marketcap before China announces a good new from adoptation of credit market by the China Banking Regulatory Commission (CBRC).

Because the Chinese government still does not accept bitcoin, it still prohibits bitcoin. Maybe they are afraid they can not control the development of the bitcoin market.

Because they are so big of a country that every move they take could lead either positive or negative side of the market.

It confuses me, because they strive to better their economy, and crypto would do just that... They also invested so much money into BTC... It's unfair how much they can manipulate.

Their government wants to control everything, media social is not even allowed in the country, and now also contains bitcoins and other cryptocurrencies. They just want things that come from them, and things they can control. They want things that will give them an advantage. Bitcoin, miners and the crypto industry are a threat to them...

I agree with you, because this is the reason why their government that was they want control the people, especially related to the money they don't want give a chance to earn, because bitcoin will make people to become rich. Maybe if they allowed bitcoin in their country they could not control anything. Or they think bitcoin is a threatening on their country, because theirs a lot of problem facing on their own country.

I think it's some kind of strategy
where if it has reached the target to make a news
with over a reason for example banned in its place
so the price goes down
and if the price drops in buy again
continue to make new news again
to rise again and reach the desired target
well I think like that

I believe all the news that coming from China is just to manipulate the market. I see different news from China all the time, not all of them negative tough. Some is supporting the bitcoin. I kind of believe that they are just increasing their positing by manipulating market with those news.

In my own opinion, China have their own standards, own manipulation on their currency so they do have bad news for bitcoin. But anyway, there are still countries who accepts bitcoin. Don't just focus on one thing. It should be something big for this big currency.

China has always been strict with internet censorship and bitcoin--which runs in the internet-- is not an exception. Perhaps they see the pseudo-anonimity of it as a threat to people's security or even to its own economy. There's a possibility that these news were just a ploy to control the market but imo, this is a genuine effort of their government to cope to the increasing demand for cryptos.

China is also a country with a strong economic development. And this country has a lot of merchants involved in bitcoin. But there is always bad news about bitcoin. But the bitcoin ban has reduced the price of bitcoin in the past. Affect the bitcoin of the world.

I think the government of china doesnt want their peoples get more weatlh from bitcoin.
Not only from bitcoin, also from other altcoins too.
The cryptocurrency can bring profit and wealth for us.

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. The People’s Bank of China halted operations for digital currency trading platforms over concerns that the unregulated markets could pose major financial risks. Without the backing of a central bank asset and institutional support, it is not clear how a private digital currency at the centre of a large-scale payment system would behave, or whether the payment system would be able to function.

Because the government can not control BTC, so of course can not accept him, so there will be no good news

They want to control the bitcoin by their self and have the taxes all of the exchange site in there country and obviosly they cant do it easily so the thing they do is to banned it and manipulate the bitcoin to their country thats why they banned it because to the thing they want but they cannot get it.

Yes China has a very large population and are major investors I.e  holders  in cryptocurrencies whatever action taken by their government will have a drastic impact on the price of Cryptos recall when Chinese government started clamping down exchanges in the middle of 2017 the price of bitcoin dropped thereafter recovered,  as it is now China government going after miners will compound scaling issues of bitcoin invariably more problems ahead.

I think china is in a state of no principle, but certainly china wants to create a new sensation in the world of critics, they want to master and create crypto. so with greed, they are ambitious to mine crypto until they dominate it.

What you are saying is that on the one hand, there is bitcoin that threatens the renminbi status and hinders the Chinese government from restricting the development of bitcoin because it is not good for the Chinese government to master the national economy.

The Chinese leadership's number one aim has always been to preserve their leadership. Nothing else matters. Something like an unfettered Bitcoin is very certainly not going to help their grip on the country. I'm surprised it took them so long to stop the party.

Nothing good has come out of China for BTC. Their zero fee exchanges had an absolute stranglehold over the price. They would squash every rally from the West and then start over again. The rise above $1000 again only started when they were shut down.

Chinese mining has been a complete cancer on Bitcoin. China has never contributed anything significant to Bitcoin's development. All China has done is take and take and take.

I'd love it if their miners were removed for good, but they're just migrating abroad instead.

China is a country where the Goverment wanna control everything. After a long time can't find the way to control Bitcoin, they ban it. Easy to understand.

I do not think China is ambitious. China is more worried about it. Fearing that there are still too many people in the Chinese economy to become followers, this is a very serious issue. After the rise and fall of the Internet bubble around 2000, I am also beginning to worry that more people will commit suicide. Therefore, the Chinese government should draw on the experience of the internet bubble and become more rational.

There are many reasons, of course, but in my mind, it is very likely that they are sending some negative news about bitcoin, causing some Chinese holders to sell bitcoin, the price drops, and the government itself takes the opportunity to buy it. This is my idea because they said it has been a long time since Bitcoin was banned, but until now I have learned that many Chinese are still working on bitcoin.

This is the most direct to the point answer whom I agree with. China can not control the bitcoin nor their government can not benefit from it. For them, its better to create a same cryptocurrency or a copy cat that is based on their country besides they have many people or population to used it too which is an advantage to them.

I think the Chinese government gives a bad image of bitcoin because miners do not pay state taxes so their government is trying to ban its circulation

We should not blame CHINA for it. I am not a native of this country but i think they are just doing their own business. China is a big country and the people of this country is a big help into the biycoin world. This is the possibilty why somehow bitcoin decrease its value due to massive selling of bitcoin holders from China. Buy what a i read in the website, China wants to create their own token that people from their country should support. Also, they are also preventing any scam from other ICO's (not all, we must say there are some).

china is not a open country for fiat currency. While Bit or other altcoins have break such tradition.
Lots of money have exchange abroad by altcoins or bit secreatly without government monitor.
Well, as the feature of bit or altcoins, it is for sure that we still can do something about encryption currency though china has denied it.

I appreciate what the Chinese government is doing to protect their citizens,
so far we know China is a country with a high degree of fraud,
from which it may be the Chinese government considers Bitcoin one of these forms of fraud.

Don't worry about it :)) They are the biggest country for now and of course they also has their own cryptocurrency so they're trying to make investors in their country only focus on China cryptocurrency so they often release news has bad effect for Bitcoin :)). But it'll not last too long cause Bitcoin is not their own cryptocurrency so they only can affect to Bitcoin price just a little bit :))

I think every coin has two sides. Don't you know  a man of great wisdom appears slow-witted. This is the strategy. Maybe in the future, China has an integrated regulation. They will open it!
As a participator and entrepreneurs in China, a big country needs to face many risks. Cryptocurrency is one of risks, Chinese like to think twice, then take action. And make a good prepare to take actions.

You are wrong, they don't have own cryptocurrency.

I think it is a type of competition system , like we can see in another field where any type of the rumours they spread to amke Thier own profit and also any type of stupid thing they can , similarly here the same thing happening in the cryptocurrency. As most of the miners as well as most of the bitcoiners crowd is from the China , so here we can expect that there bitcoiners trying to bring new new negative things to make the bitcoin and another altcoins to get dump and after that make buy and make profit with small up , well here we should not se towards the negative news because negative news coming and going are now a usual thing for the bitcoin , so don't care much about them .

China isn't ALWAYS bad news for bitcoin, much of bitcoin's early explosion in growth was due to the miner boom in China. Currently, China holds the lead for the most hashing power, because of this, they always hold a lot of sway in the value of bitcoin, and the level of fees required for transactions to be confirmed quickly. Recently, news about China's changing crypto regulations caused a small crash in the BTC price, due to misinformation, as nobody mentioned a ban, and yet panic still ensues.

For what I am seeing now is that China wanted to have their own crypto that will be out of the market all over the world, they are just being so greed that they don't want bitcoin, not because it is decentralize and it is hard for them to imposed tax on it but because it is not their own coin and they did not create it.

I think it's a ploy to make a big plan in mastering the global economy, in every aspect china always wants to master, at least they do not want to rely on the resolve of others, so they will make counter crypto over bitcoin but often their product is always full of manipulation to fulfill his ambitions in world domination.

 we all known that Chinese are known a businessman. all business man do anything to make money. Chinese men do to say negative about bitcoin to make a hard dump on it to buy on dip of the bitcoin. that's why they do anything to have a profit. in the first place Chinese is want our money to become rich.

I think the Chinese government really like the idea of centralized currency where the government controls every penny. They hate bitcoin because it is the currency which is truly decentralized, they can't control it while their people are using it. Bitcoin is the currency of the people by the people. it gives people freedom by putting them in control of their money.

I think eventually all countries will follow what China and South Korea are doing. Namely forcing exchanges to have proper KYC lke any financial institution. This will not be the death of crypto but its birth. It will become more mainstream as it willl be seen in a more legitamate light. And this is a good thing for everyone.

I hope it happens sooner rather than later

Because it is a populous country in the world and is still in the developing countries stage, the decentralized currency such as bitcoin can easily make the country's economy run out of control. However, there are still many investors in China, so countries often issue corresponding policies.

Bitcoin poses a potential threat to the PRC economy. There, many people keep money in the BTC,
which takes these funds out of the control of the Chinese government.
Therefore, the official authorities are trying to minimize the bitcoin influence.

Over time, more and more countries will struggle with bitcoin. It creates a threat to the economy. I hope to overcome it they can not

That argument is illogical af like china also has made moves that are in the favour of BTC and crypto. They haven’t gone all out to ban it

Yes, what I see is that the ban on bitcoin in China is largely due to the imperfect system of taxation.

Tax administration issues are only part of the ban on bitcoin. In China, everything must be controlled and when a factor affects it, it will be banned.

I don't really know the development of china for crypto. now that china has passed, that's what I know. maybe this time for south korea which is a problem, although the news sounds starting to improve. I think china has no more power to destroy bitcoin.

China's always been there when it comes to initiating fud for btc. Probably to affect the market and take advantage
 Korea already allowed crpyto trading again though with regulations. And india not allowing crypto is bad news as well and we can see the effects of it instantly but even through all these, i'm pretty sure bitcoin will regain momentum

I think china just wants to make a new sensation, want to be famous, want to dominate the crypto trading market, and also want to adopt bitcoin. but they did the wrong thing. and only destroys the value and crypto market. making weak and falling.

because they Rampant yoan and be the king of the world market. that is simply please check the gold saving in china

china always try and find a way to regulate bitcoin
such as banning ICO, closing some exchanges or regulating some exchanges
and every news from china always impacts bitcoin prices because a lot of bitcoin investors and the most hashing power from bitcoin mining comes from there (china)

Simply because early 2017 they launch their new currency which is yoan or yuan.. Thats is gold backed currency.. If bitcoin which is in crypto currency is much higher than gold which is the reality today.. Their currency have no chance to dominate the world market.. They save gold by the way.. So good luck for the bitcoiners out there in china..

Yes it is also your opinion.
Regarding information about the existence of bitcoin in china it is very fast even bitcoin users more in china than in other country so chinese people can just bully bitcoin users so can sell it so that when they sell it chinese people can buy cheaply even chinese people can manipulate bitcoin users if bitcoin will soon be extinct and declared will soon die so that bitcoin users can stop or just can sell the coins for free.

Agreed. China is not always bad news for crypto world. As far as I observe they are just trying to manipulate the market. they are releasing some news to support the market to increase the prices and some news to decrease prices. Clear manipulation.

Based on the reports and articles china's Initial Coin Offerings (ICOs), which has become a popular method for blockchain projects to quickly raise funds are being shutdown.Also the two major Bitcoin exchanges, OKCoin and ViaBTC are reportedly will end up to closing.The china's quasi-official reason for the hammer dropping is to protect Chinese citizens from financial fraud.In addition China’s economy is suffering.There are rumors flying that the government will devalue the yuan.Thats the reason why china is always been bad news in bitcoin.

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

Because they are a one-party state!

They want to keep the money out of the country!

because there should be a good cop and a bad cop. that will be always like that.
this is the natures regulation about goodies and it makes the goodies better :)

China.. is a big country. In size as well as in population. That's just a fact.

So quite logically, the community of bitcoinners there is quite large... Just because there are more people in the country than in many others. So, the community is large and each time the government makes an annoucement, of course, many people are directly affected by what has been decided.

Thus, you have this effect of "bad news" whenever there's a statement from the Chinese government.

Though, actually, what China does and says and so on, does not directly have impact on bitcoin. The impact exists only because some people (Chinese I guess but not only) start panic selling and buying when there is any statement from China.

So China is not a threat, just an indicator! ;)

They always come up with issues and bad news about bitcoin.
It is clear that lately, China has slowly attacking the world of cryptocurrency. Starting from bitcoin regulation in the country, banning Initial Coin Offering (ICO), and now they are attacking miners in their own country.

With the robe of his greatnes, the Chinese government destroyed the bitcoin, then they wash it and clean it up, after that they force the bitcoin to run as fast and as far as possible, then the Chinese government chase it back and they do the same thing like that has happened brfore.

I think, bitcoin has been considered, as guinea pig by the Chinese government.

They usually will try to adapt things and make a great copy for anything so in bitcoin case, everyone will try to adapt bitcoin.
As I know , Chinese population is big so that's become the advantage for Chinese to adapt bitcoin for their own good.
Of course it affect on bitcoin value around the world !

China like to control everything which includes its national currency CNY. So it is not surprising.

But the way China handle crypto with news that ban crypto and then news that say it is all fuds. It is really questionable whether the government officials are trying to manipulate Crypto prices.

The Chinese government is afraid to let something they can not track in their country. Sooner or later they will be forced to accept bitcoin

I want to think that there is. China's culture is very closed both within its social structures and its economic systems, but entrepreneurs who are committed to achieving economic improvement must risk taking control of bitcoin and the free economy.

Hope and hope makes things well! So yeah it is true sometimes they say bad about bitcoin but then again they tell us some good news related to bitcoin, as much as China concerned they really don’t trust bitcoin but mate some of their people who live in china but use to buy online good with bitcoin, it will not affect bitcoin importance worldwide! Because it is now very famous and no country can make bitcoin down completely.

China is indeed funny, wishy-washy, has no stance, like a 5 year old child. Their rules aren't qualifid and volatile such as bitcoin price in exchange markets.
The actions of the chinese government have a major impact on bitcoin, as China is one of the largest users of crypto.

There is an incident before where icos has been banned on china and that is the bad news since professional crypto analyst are saying that china has the 30% of contribution on the market. The country china has a lower electricity consumption bills and it was really good to run your mining rig on their area, obviously they are getting a lot of profit from it.

Based on what I see and read from the articles. China has withdraw to the bitcoins from their investment.
It is a bad news since it really affects the company and market value of bitcoin; but somehow USA is always to the rescue to save and prevent the company in a big loss.

My opinion, despite banning bitcoin, but as one of the virtual currency trading centers in the world, I believe what the Chinese government is doing now is just part of China's strategy to hinder the rate of bitcoin transaction development, because China wants to create and owns a legitimate crypto from the government, and could be more profitable to the state.
Because so many things were previously banned in China, but they eventually made themselves and succeeded and benefited the Chinese government itself...... :)

It's a communist country that is what they do. They also lie to you and say we are all equal. -_-

Now we have to deal with this shit and bitcoin is dipping like crazy over here freaking 9k$ wtf is even going on that government there in China seriously. When will the people rebel against it? Oh.... It's because they have already been brainwashed by the government.

China does not know da way!!

I hope the dust settles soon and China just goes away and stays away. The number of coins in distribution will bring the price back up if we completely ignore China because their coins won't be among ours. Let's just exclude them, it seems that is what they really want. I actually think this is a good thing. Once Bitcoin goes back up and is more stable the price will go up even more because we won't have to compete with so many Chinese miners with free/very cheap electricity.

It is a little foolish for an advanced and developing country like China to do such a thing. Everything will be fine in the near future, but I hope no one will give up altcoins or it could be the end of many people. Altcoin has always earned more.  :D

I do not understand it myself. In China there are the largest farms in the world. Maybe this is an attempt to manipulate the price?

I believe that china is the best place to start an ico business since the value of electricity consumption in their area is very low and statistics in the market is saying that china has 30% of the contribution in the market so i think that china does not always bring bad news at bitcoins at all.

Well because China is a communist country and always want to regulate things on their own , China is one of the major country that adapted the cryptocurrency . Because of its communist country they just want to control how the money comes and goes even on the cryptocurrency market they just want to get a hold of it and give regulations on how to use them for their country men.

Although China has a lot of bitcoin users the government started recently to prepare a barrier for the bitcoin, since this crypto is hard to control and their government dominates everything on internet, they have found a solution to make it down by making it illegal claiming that bitcoin is a fraud and they have already blocked the trading, bitcoin got weakened a lot because of this disruption though, but i believe this problem will be fixed soon.

Yeah I bet the Chinese government themselves is also involved in BTC and other crypto mining operation using cheap electricity farms

I mean if they’re corrupt then the politicians can easily buy some BTC to hide their money so I don’t see a reason why they wont accept it.

Why would China want to curb the development of cryptocurrency markets?
As is known to all, China's corruption problem is quite serious in this country, so they need to ban cryptocurrency, more and more talents by cryptocurrency transfer assets, then the huge loss of foreign exchange, this is the Chinese government is not allowed.

China always say badnews for bitcoin because there goverment banned bitcoin in their country. China dont trust bitcoin they say that bitcoin is a scam and the goverment of china afraid that they can track their country.they always come up with issues and badnews about bitcoin. China concerned that they really dont trust bitcoin and they manipulate crypto price.

China keeps trying to ban bitcoin.

The main reason why china is bad on bitcoin because Chinese are most intelligent so they dont want Chinese public know easy way of making money through bitcoin than Yuan depreciate so they want to protect newbies entering the market

This is one of many reasons why the Chinese govt don't like Bitcoin. Another one is the same for most 3rd World Countries that ban Bitcoin which is that it can't be taxed. No tax = no govt funds.

Not all the time but theres are still some good news about crypto in China. How about NEO? Dont be paranoid. By the way I am not a Chinese nor from China lols.

Maybe because they are a communist country... But "always" is a generalization in this case. We know that there are people there that continue to work hard for Bitcoin.

I am agree to you. Your question is not funny at all..!
You are right that China is always bad news for bitcoin. There are many reason for against of bitcoin on china government. The most reason is tax :(

Some of them are still into bitcoin, China is trying ban BTC on the country but some Chinese citizens are not living on China anymore that unhindered them from that law or rules. Some of them are funder of some alto coins, so it's not bad at all.
China may ban BTC but they can't stop every citizen to be involve on it.

Yes.They can ban bitcoin in their country,but they can't stop the usage of bitcoin in their country. Still now many people are investing in bitcoin from China.After the ban of bitcoin in China,bitcoin reach the value of 19,000.So I think  still Chinese are involved in cryptocurrency trading and investing.The government of china can't control their citizen.

simply because china is a big country, one of the biggest economy in the world, their actions may affect everything, from dollar value, import export company revenues, and all other things. that is how powerful china is, but imagine if china can adapt bitcoin.

I don't see a way how censorship ran China could be pro crypto currency as they're limiting their citizens to $50k worth max outgoing transactions from China abroad. If they pledge for crypto, they will be never able to control transactions going out of China. It simply doesn't make sense for them to support bitcoin. I wish I was wrong tho

China is the most influential country with Crypto because only one bad news is that the market can fall sharply and investors in the country are holding many BTC and if they sell the market will be very chaotic and this will always happen at least 3 times in a month

It is not the thing happening now, from last some couple of years it has been a strategy of Chinese to ban something. They make some notorious news about it, and after much profit and technicalities from it, they call it useless and harmful and then ban.

Same, they did with bitcoins. Chinese are one of the main integrities of bitcoins success that maximum exchanges were working in china.

I think China should take into account that there are too many people. After the introduction of new business, there are bound to be many new challenges. It is also a particularly big challenge to the economic system. Therefore, China did not dare to accept bitcoin while cryptography was not yet ripe .

The country with the most bitcoin in the world is China, but most bad news about bitcoin comes from this country. This proves that Chinese speculators, after selling the high volume of bitcoin at high prices, will continue to create bad news to buy bitcoin at very low prices and sell at high prices many times in a year. That is why the bad news about bitcoin comes mostly from China.

I can not say for sure, but since the first time the Chinese government has banned the use of Bitcoin in their country. I think China's government is not able to control Bitcoin in the country. They think it protects their personal interests. They think Bitcoin and cryptocurrency threaten their country's economy. Many people in China use it to bring money from the country, which the Chinese government does not like.

china is stupid country and i think china want to buy more cheap btc thats why they always promote fud.

China was heaven IMHO because they tried to become a leader in this industry. Later the situation become more clear and China started to regulate different aspects.

Because chinese goverments ban everything even google :) This is normal day on china:):):) I believe china will change their mind about BTC in near future.

Because in China there is a huge number of investors. And this is not pleasant to the government, since all the Crypto-currency is a huge threat to the world financial system ... so the Chinese government tries to regulate everything regarding crypto-currencies, including bitcoins.

China is the fastest growing economy in the world as a way of transacting business bitcoin has a great impact to move wealth with very swift move

Cause of its pumpers/ dumpers, Spreading FUD, China is the worst possible example for bitcoin.



They don't want their economy to be seen as a decentralized place where they cannot control anything. They don't want their citizens to eat fruit so they are cutting the trees down >> with reference to Not allowing them to mine bitcoins will reduce after spam tx(s) on the blockchain as most of the hash rate generating from China would be gone. Unless everyone uses lightning network but that is also a temp solution.

Love them or hate them, the fact is that most of the cryptocurrency activity comes out of Asia, and China is a large part of that.  So when the Chinese government starts to impose or threatens to impose restrictions the danger is that they are cutting off a huge supply line of investors in that area.  If I said I was banning bitcoin in my house, it would not move the markets, because I am not even a rounding error with the market.  However if China says it then it is talking about potentially restricting billions of dollars worth of cryptocurrency

The main reason for this why china always spread bad news of bitcoin digital money currency its because they want to competent bitcoin. They want to make their own cryptocurrencies. That why their government planning to crackdown bitcoin and limits the electricity use by the bitcoin miner's.

I think this is all because the government is trying protect it's currency knowing that citizens are far more using into digital money than they're paper money seems threatening and they've become giants in bitcoin community. So they've have to take action to save their centralized currency from getting bested by crypto currencies.

China being bad news for bitcoin has become a type of meme now it seems like every month there saying some kind of ban or something and it dumps then goes back up

At present, China is the country that holds the most bitcoin. Many Chinese investors also want to jump into this market. Plus, many of the older investors holding bitcoins want to increase their bitcoin amount. So they constantly manipulate the bad news to bitcoin away to facilitate their purchase campaign

Bcos china have their own coin, so.they will not think the good of bitcoin. They want people trust to their coin.

Bitcoin has been known as a paradise for Bitcoiner as it holds more than 60% of Bitcoin. But as more and more people in China invest in Crypto, the economy of the country is affected, and the projects do not call for capital because almost all investors here turn their assets into crypto. In particular, many people here try to launder their money by converting them into Bitcoins illegally.

because Chinese state assets have large investors, they are afraid if investors switch to using crypto instead of saving their money in the bank. hopefully this is only temporary because of the progress of blockchan technology is very beneficial to the progress of a country, and hopefully China legalize crypto back in the country.

This may be  because the government doesn't want their people to directly get involved into crypto currencies like bitcoins and ETH  or maybe because they want their nation to use their own crypto currency that they may release to benefit their government economically .

i think becuase the china goverment know that they are one of the biggest cryptocurrency users, china wants to control the price of coins in the market according to their interests. I just read a thread a few weeks ago, explained a fact that china always do ban and unban cryptocurrency every year and currently, Jan 2018, china threatens to ban bitcoin causing bitcoin decline.

I think Chinese government is not able to face all those economic problems which rise from cryto trading and mining in their country.

Always bad news about bitcoin in china because its goverment banned bitcoin for citizen. And I think this country will make other cryptocurrency by own country that be rival of bitcoin.

form the beginning china is very unpredictable, i don't know why but when i see that country many weirdness thing happen in that country. and my prediction chine banning ICO and cryptocurrencies is just fake, maybe they make that rules to makes bitcoin price is down and they can buy more bitcoin. lol its just in my imagination  ;D ;D

The Chinese government always wanted to control things in their own way, yet the bitcoin is fully decentralized and highly secured. The bitcoin was invented as a peer-to-peer digital currency backed with strong encryption. The bitcoin is a revolution that is changing the world by providing privacy and freedom to the people which is what people want everywhere across the world. I think the Chinese government sees there is no way to control bitcoin that is why they decided to ban it.

i also still confuse about china giverment decision.
it is start from mid of 2017 when BTC reach 5k USD,china begin to try kill cryptocurrency.are they so scared with blockchain technology ? or they scared Cryptos will replace their CNY ?

I hate Chinese, sometimes they make false information to force the bitcoin prices down and of course they will buy bitcoin when the bitcoin price is low.

Why are you so focused on China anyway? They are not the only big country involved in Bitcoin and the role of China is not so important like people would like to think. And don't forget that not all news that come from China are true so don't exaggerate the consequences that might happen.

China has a long history of controlling the internet.  They definitely would not going to leave something so decentralized and distributed unmonitored.