Bitcoin Forum

China blocks access to the markets with its huge Great Firewall of China. Any and all websites offering cryptocurrency trading services or advertising the digital currency market have been scrubbed from search engines and social media in China in a bid to wipe out the trade.
BTC will go down to $1k  within next 30-60 days and it will be close to $0 before 2019. Sell it now.

only one china?   have any country (official network) ,teamviewer , VPN can help. haha

I don't think things are going to play out the way you described. China's trading volume has already plummeted pretty severely since the first exchange ban, and while it's a pity that even P2P exchanges were shut down, there are still plenty of ways for the still existing Chinese traders to do what they do. There are already ways to bypass the Great Firewall of China, and there's no reason that wouldn't work for crypto. Some news article also came out recently that described how Chinese traders were moving their activities to Hong Kong, where China's ban can't reach them.

Miners may be affected in the short term, especially with all the uncertainty surrounding mining, but this could be a good thing. It's such a bad idea for majority of the hashrate to come from within the Great Firewall, where regulations are rash and drastic. It's better for the Bitcoin network as a whole to do away with all that uncertainty by distributing the hashrate a little better across countries with non-oppressive, clear-cut rules.

China banned bitcoin in 2013. All the Chinese exchanges finally went down in 2017 which served as a silk-road-like launchpad for the rally. I dont know how china is relevant now and why you are trying to necromance this idea from the dead.

Do you want to buy mine?

China ban bitcoin every year. Last year it banned bitcoin two times.

Its old FUD. Not gonna work.

The cryptocurrencies have started to move away from China. If they ban or ban not in 2019, I'm sure the cryptocurrencies will not bother that much. Besides, the problems that could come up in 2019 are not of any concern at the moment. At the moment we need to keep the down trend in check that we have right now.

Don't be a stupid to believe all this things,do you have any link for this?
If this news is true so,not china only make this much crash.I don't accept the fact bitcoin will reach 1000$ and all in 30-60 days.
You make the holders to get panic,don't spread the fake news here to make other's panic.

"The lesson from the internet is, anything that China bans, invest in it"

https://twitter.com/picoloresearch/status/904725588094668800

I'm not sure bitcoin can go down to $1k, I still believe bitcoin can rise and shine to high value again. Bitcoin demand and supply still high.
Hope in a few month bitcoin up again, anything can happen in cryptocurrency world. We be better in bitcoin value after drop down.

You know that the power cost needed to mine 1 btc is approximatively (depends on many factors) between 2k and 4K usd ?
It can't go to 0. Never. 3k seems to be the absolute bottom to me, and we won't reach it.

Yes, yes cause more panic selling. Besides, as you can read in other peoples posts, China has been banning everything ever since. One of the articles is back from 18.10.2017 (pretty sure there were bans before this one) when China banned Bitcoin and you know what happened to the price afterwards. Stop spreading panic.

Come on .... sell your coins on this FUD please!!!!!
Once you weak hands leave we can climb again :)

meh. whales can move the markets with their volume alone.

Of course they can afford to hire some FUD spreaders on forums.

"Ignore" button is your friend.

Here is a chart that you can use that will help.

I have updated it with Bitmains latest offering of the Antminer S9.

https://docs.google.com/spreadsheets/d/11QS1BBV11KNGTF8N_-fdfmjTZ3WzPQFbLfVrl5n6R8s/edit?usp=sharing


Between 2k and 4k to create 1BTC? There is a short window of oportunity to make such things as network difficulty depending on how much hardware does make its way onto it. The network difficulty rises you may never make 1BTC from the hardware.

At this price it may be way more profitable to simply purchase BTC.

Here is an example from the above linked document.

https://i.imgur.com/1n5ex5c.png ^ UPDATE: Now with two difficulty dates. Presently set at 5% and 1% on the 6th month.

It seems that the network difficulty will be dropping. Perhaps due to BCH taking a little of the mining hardware out of the picture or older hardware being taken offline to to operating costs.

Another fake news just to push other people to sell their bitcoin there are lots of people that they wanted to let people sell bitcoin just to buy cheap price of bitcoin..  Honestly i don't trust any news because i heard that the news are fake about banning bitcoins from china..
Why manufacturer in china still selling their hardware miners? it means what we are read from news about bitcoin are fake. .
There are reason why the price was drop even the global market and stock market everything there are falling not only cryptocurrency in past few days ..
For me i stay holding even i only have few bitcoins i still save it for future and mining business.

These posts make people panic. Why do you do this, man? Many traders are not in the best mood and you try to make the situation even worth, killing them morally?

I disagree with your opinion.

In the second time bitcoin banned that cause of dumping. But I believe that it will not be the result of crashing of bitcoin. There are big reason why they need to do that especially if this will be the problem of growing economy.

But for securing my future, I sell some of my bitcoin and use in business to make sure of income. And to avoid blaming myself when the price of bitcoin dumps.

Hmmmz if China blocks all Bitcoin transactions how are they going to dump  ???

OP will just make another news from FUD. Don't let this kind of topic spread on the forum with no such basis. China banned bitcoin and exchanges almost every year just o make the weak hand sell the investment on a cheaper price. If this kind of people spreading out in the market, then theres always sa sale every year to buy more coins for regular traders like me.  ;D

Do you really think that only china is the big player here that can make Bitcoin price skyrocket? lol. There are lots of country that have legalized the use of Bitcoin and other cryptocurrency and yet you still think that its price will fall to $0? That's not possible as long as there are people who wants to invest or have interest in Bitcoin. Look at the price of Bitcoin right now, from $6000 it is now increased to $8200+ which is a good sign that it can continue to increase more soon and Bitcoin is here to stay. China cannot stop cryptocurrency trading under their territory, they can stop those local and block foreign exchange but not the otc.

I hope so! so I can buy more, but I don't think it will fall again, I even do not think it can fall to $5000 because I am seeing huge buy walls, there was an great exchange at these levels.

Really dude? China banned ICO last year yet the market strives without them. Yes, they do impact the market at large but them alone can't shut down Crytocurrency. The pricing is now at 8500 usd. 1k usd within the next month? FUD alert.

China is now officially toothless. They've removed themselves from the game.

I am curious to know how many Chinese traders headed to Korea and Japan but even if they did it can only have been crypto only. No way they'd be able to move fiat in or out.

Is this China's final wheeze before expiring? Guess so.

This, now those that want to invest in bitcoin will have to do it out of the sight of the government but with such a block the Chinese government is losing any kind of influence in bitcoin, while there is no doubt that bitcoin was a threat to them now they are going to be left behind by the rest of the world that decides to not ban bitcoin and use it, it is interesting how one country can go from being the leader of an industry to being nothing more than a spectator.

just another fud. I don't believe China can stop crypto world

No one here can tell if bitcoin will going to die and be valued at $0. I don't even believe bitcoin can drop as low as $1000 especially now that it seems to recover and reach $8000 again. China can make such announcement of bitcoin banned and closing exchanges but it can never be a reason for bitcoin to die. It will continue to circulate in the market and appreciate even better.

These FUD users keep teasing it as if they really controls the market, however China is not the only place that cryptocurrency revolving around them. We do have 195 countries and that's a lot of people to make a change the price, not just only China. And to be honest they really bring a big changes in crypto since they joined it but most of the people are not that worthy to acknowledge the essence of Bitcoin.

It's fun to see how the market domination from china which few years ago is about 60% decreasing to less than 10% and now will become 0% but here we are, bitcoin still stand srong.
Believe it or not, so many chinese people have migrated to other countries which cryptocurrencies friendly. Can't blame that, it's better to move to another country and being rich than staying but becoming poor.

Exactly, the speculation which was made by OP clearly a pointless fud  ::)

Man please stop spreading fake news throughout the forum. We don't really care if China block access to markets because they are really doing that and they have even blocked facebook and made their only own social media that only them can use it. And besides the news about China's movement with ICO's it was last year and look on how the market reacted, crypto is still alive and saying such thing that it could go to $0? You are damn out of your mind.

This is clearly a FUD the whole cryptoverse doesnt revolved only in china, there is a whole lot of countries supporting bitcoin/cryptocurrency, and right now bitcoin is slowly on its way up the hill!

China hell-bent on banning cryptos since it will undermine the government's control of the masses. Probably will hear that they will go the same way as India - creating a ChinaCoin maybe.

This is just the usual FUD. The chinese government do that on purpose just to accumulate more coins.

Remember, fear is the mindkiller. Just let it pass through you, touch your nerves and go away.

And who is going to use that Chinacoin? The reason the Chinese were using bitcoin was to escape the control of their government, a Chinacoin is only going to be more of the same and with the possibility it is even worse than their fiat, so a Chinacoin is not going to gain a lot of success among the smart people in China that were using bitcoin, so their only options will be to accept the decision or to try to get crypto anyway.

Why everyone behaves like the China is the only country in the world? Just because they maybe have the majority of big mining farms that doesn't mean they can decide the future of Bitcoin and other cryptocurrencies on their own. China is not the only thing that influence on Bitcoin price. Besides, so many times we have seen that news from China were exaggerated.
Stop spreading the drama and fud and be rational.