Bitcoin Forum

Mike V - Viacoin Telegram

" I have just spoken to Yobtc.
 They told me that before Sept. 4th they didn't need any licenses to open their exchange.
 So now they have to close down due to new regulations.
 Which probably means that every exchange will be able to purchase licenses soon.
 And open up again.
 So my advice is to buy as much BTC/alts as you can before that happens "

http://ap.imagensbrasil.org/images/2017/09/15/4de83.jpg

https://twitter.com/TradingWhaIe/status/908607956010389506

Well thats indeed a good news hope Chinese FUD would read this to rebuy bitcoins again.

This is a good news , i hope this is right , mean now is the right time to buy Bitcoin and Altcoin , lets buy now  ;D

This can made my day, FUD everywhere atleast a goodnews, but we should not depend too much in China now, whatever there issues and plans , we just need to believe that btc value will soon to recover wven without them.

Where is the proofs?

Finally a great news, hope thus all ends well, as for the date, i guess they are still working on it and time will only tell, when will the exchanges be open again. As i've read from some trysted sources in the web, china banned those scam ICOs, since a lot are ery persuasuve but in fact,will not give bavk anyhting at all, as far as i can understand on what i've read, during the bitcoin's rally this year, some individual took advantage and made scam websites, which unfortunately, a lot of people dive in to, and that's the reason of banning ICOs, and also to protect their people from such scams, they wanted to regulate cryptocurrency, in a way, i think somehow, it is possible, so some exchanges, had no choice but to shutdown, since it is going to be a lot of work, if they are still operating when the government issues to regulate it, but unfortunately, the media wanted a mire jucier news, so instead of saying it is just temporary shut down, they reported to the public that china is banning cryptocurrency, which in turn resulted to panic selling. If this is the case, that the shutdown is only temporary, as a sane investor, no doubt that you should buy already, as much as you can, so you can have it as a bargain. This is great news for us all, hopefully they will come to positie outcome, once the exchanges open up again.

The bad part is that there are no license for crypto trading being issued in China.
And in the discussion above nobody is saying they are going to apply for one.

They say " we can only choose to close it down".
I think that there are no regulation in China hence you can't get a license for something that is nor regulated.
Like you applying for a ostrich flying permit or trying to pay your taxes on worn down socks.

No excange that was closing down said they are going to apply for a license, none used the word "temporary" before shutting down.

,why bitcoin should depend on china, ,it makes China even more proud to be able to play with bitcoin prices,
from the past china always make bad news ,, always there is their game,,Let's get the spirit to rise up ,, bitcoin

Its going to take a few good reports like the above
and it will be enough to nullify the negativity circulation
at the moment and to set Bitcoin and other alt coins
on the path they should be on - UP

dont forget adoption by Crypto in China and Asia in general
is far greater than in the US or Europe!

lol, i see this as strange nobody said also they china will stop their trading site, i do not know i see it will be down trend in 1 or 2 weeks ahead :)
so let's see it later

It is all rumors right now. Hope China will clarify the situation soon, but Bitcoin was created to not depend on governments. So, if i they put some regulations and licences, good, if they don't also good, no problem: Bitcoin will raise again because bitcoin users use will keep on using it.

Well that good news.. And off course this is really good time to buy more Bitcoin.. Sooner or later Bitcoin create new record when all rumours solove out..

hopefully with this information adds trust for us that bitcoin only in stop for a moment and the future will be more advanced and added good again

Thanks for share this news, i almost sell my coin lol.
Already check some thread on forum and people comment said is better to hold. But i hope the price will recovery asap.

i think that you should wait a little bit more before buying bitcoin because if you buy it at a lower value, like around 2.5k. Then you will be making a lot more profit than when you buy it now. And we don't know for sure if bitcoin will go up again.

I also believed that this local exchanges closing down is just FUD. BTC China has voluntarily step up and said that they will stop trading as well. But it doesn't mean that they are not going back. Chinese trading platforms may have to get licensed before resuming its operations. It was another set of tighter regulations that those exchanges need to comply before they can go back to business. But the scare that they are closing and won't be back are already evident as the price continued to plummet every hour. So for those big investors, or even casual like us, the best thing to is hold on your coins and if possible, buy in this dipping point.

Good news indeed. Hope all ends well for us. Been a sad week ☹️

China just want some cryptocommunity attention. Good news though, many weakminded speculants have lost their coins.

i think we can safely say that the previous couple of weeks have been the weirdest days in bitcoin history! there was no reason in first place for bitcoin price to go down but it did and just because of banning of ICOs! i don't know maybe some people think ICO and bitcoin is somehow related :D

then the fake news turned into China banning bitcoin!!! which was the funniest of all times.

all the while nothing new has happened! it is the same regulation and licensing of exchanges as before.

Well, that makes a lot of sense now. The Chinese probably had withdrawn their money from the exchanges just to be safe before it closes - but eventually would go back once these companies are able to secure licenses. I badly want this price drop to end soon because I am seeing blood everytime I wake up in the morning.

this will some time to get out of this FUD. NOw BTC price will move slowly upward and when people see it again happening, they they will purchase it again like a parabolic graph as panic occur to see big profit other are making out of BTC. Then again some new bad news will be spread about BTC like in DEcember etc :D

Ecaxtly and it seems to me that such situation was somehow created with a purpose, with bad purpose to make such mess and panic just that someone could have use of it. Maybe I'm paranoic but I have such feeeling.
Because what is so strange and dramatic in trying to licence the exchangers?

Not a bad new but unfortunately the time to be spread other people will continue to spread wrong infos. I saw a title on Cointelegraph saying Chineese bitcoin exchange have to close by 30 september. It will need a huge communication to say that finally they just need a licence.

@klien_br Can you tell me what is the exchange you talked to in the screenshot you posted? I would like to rea their new they are talking about

That's good news then but why is btc still going down? I am really hoping China will be done with their dramas, but in another perspective it is the best time to bitcoin also, so for those who wants to invest in bitcoin now is the right time to buy them.

Well I still hope that China will get kicked out (forbidden!) of every crypto things.. (exchange, mining, holding..)

Why?

The chinese dictatorship government is one of the most intransparent on earth (after north korea).
No more business for chinese exchanges means more "pieces of the cake" for the rest of the world.

Sorry, but the chinese people get what they deserve. The missed to stand up against a totalitarian regime, so the have to accept now.

Or why else would all these now closing exchanges, that are missing huge profits now, obey to a (still nowhere seen) governmental rule now?

Unfortunately im allready allin....

I remember some of the previous price drops this year were also caused by Chinese FUD for regulations. And until now, Bitcoin went up further again soon after.
It's not a bad thing for exchanges to be regulated, it's just weird they got away with running unregulated financial businesses for this long.

If they're back after they have been licensed, that's one less fear hanging over Bitcoin. Until then, panic selling means many coins change hands, and most likely the whales get richer out of this.

If it's true then it's really a good news but I think no official announcement has been made till now by China confirming that the shutting down of exchanges is only temporary and they can start working again after having obtained the license.

good to hear that news about china, so we will wait that happen when china opens again in bitcoin world, they will purchase licenses soon and they are close due to a new regulation which implement on their country, so sooner or later china will be part of this community again,
now is the time to bought/buy some alcoins and bitcoin because china is coming again lol. the big event is going so soon so be ready and be part of it.

Well that is really good news and i hope the chinese gets their acts together and buy back their coins it all about making the prices go above and up high again. Thank for this post. This is a breath of fresh air this morning.

Just talk to any chinese and they will they you that their government loves to make all these dodgy statements of banning something, then it turns out it was temporal and they issue licenses to keep the things running. This is how china government makes a ton of money by doing insider trading while trying to pass it out as legal. These crooks are stealing all the BTC from the panic sellers in order to position themselves as the BTC leading nation.

I am also afraid that this is another baseless rumor. Till now no major media source have covered this news, and the two exchanges which are closing down (BTC China and ViaBTC) are urging the users to withdraw their coins within the specified time and close their accounts.

In some way, I see this as a good news and also bad news. At least we would know the authenticity of the exchange we are buying BTC from.
Let just hope that if they resumes there won't be much protocols. Every thing should be made easy please.

Anything can happen in the crypto market we have to take risks in order to be financial. In every investment, you will face risk but at the same time, you have to face challenges in between that. This is more interesting how can China will come up with new rules and regulation to adopt altcoins.

That was sort of an expected news from China. They were making their rules a bit strict. Moreover yes you must buy some more bitcoins or altcoins market is already quiet low. Buying at such a stage will you give you lot more bits and in long term help you as a great investment for sure.

This gives us hope and and another reason that will add interest and excitement in doing jobs involving bitcoins and other coins. I guess we can't say that it will reach the highest price we have this month yet it is very appreciable that China is still doing interventions. Although statements are not clear. They still manage to update  their current situation. It's more than enough to understand that we should work hard for bitcoins now a days. There are no easy ways. Hopefully, chances are still open for everyone.

see this:


Yobtc detailed that it would be ceasing trade operations as well.

the price of bitcoin once again dropped, I hope that the exchanges will be regulated and return

The Chinese government is ACTIVELY cracking down on ANYONE that is trying to get money out of their country. They look at this as a huge problem. BTC is one of the easiest ways to get money out of the country. They are not going to be BTC friendly.

Good news hope it will legit news and soon China government issue license for exchanges am looking forward end this bloodbath happening from past few days.

Good news indeed, but not really a surprise for those who use a bit of common sense. Remember that this is a move from exchanges to cover their asses from possible worse case scenarios. A few have said it is temporary, and a few have said they will consider it later. None have said it is permanent. Of course the licences will come in and everything can start up. Then not only will the price recover, it will even increase. This is called consolidation, that's all!

what do you think BTC will crash to before it starts going back up when China comes back out of this?

China generally does not like if something is happening on their turf and they don't have any control over it. Therefore all the steps that they're taking are not so surprising.

wow this is good news, is this news reliable?
if true I feel happy to hear it. bitcoin is feasible to be pumped back.

I have heard they are experimenting with a licensing option, like a permit to carry a gun, but to use BTC and other altcoins

If china close BTC investment, I will buy more BTC for future

Hopefully this is a good news for BTC. My belief for BTC and cryptocurrency world never change. I will keep all my Altcoin and continue to wait. Behind the attempts of China for BTC is what ? I think they're plotting something !

Again today many news in CoinDesk which speaks positive side and mass adoption corporates and Japan mining implementation worth some million USD. Now Chinese news about licensing issue resolved. Buyers who bought already will make huge profit by the way.

The way Chinese rumors and the Chinese people control the bitcoin price, devs should change the name to Chinacoin. So does anyone know if there is a single user that does NOT live in China? LOL

this is long before the ico ban in china appeared, i guess this must be the case.
it is easy to guess how china monopolize the trade,  we better enjoy this drama from china, let me be more famous again Cryptocurrency

Well you can begin to see the results right now ! Since all the news were in chinese i struggled with the translationand the fact that i didnt really know what happened in China so this really brings hope that we all lacked for a few days.

Yeah ive figured they just wanted kiss on the ring and than its back to business.

Ya I agree you buddy. The  price of bitcoin is now raising some how. So it looks like as you said buddy. If so,main Investors will get their money in terms of double or triple of the investment. Their is no doubt in that.Even now you can inverse in bitcoin. Now also some how low.Tomorrow the price will reaches the moon.

Why earlier they could operate without any license? I feel that every exchange needs a license to operate but with those new regulations, how easily will they be able to purchase it? Now with two exchanges shutting down, they haven't mentioned that they would restart their operation and whether they will seek any license. Whatever happens, it's going to take months for them as they'll take months to get a license and till then the Chinese market will depend on okcoin mainly and OKcoin has stopped CNY deposits which means that only crypto to crypto trades continue. There's nothing mentioned about them shutting down.

is this true and trustworthy? I look at the market, yes there is an increase in bitcoin.

but I still doubt it for investment.

This makes a lot of sense. With such a small liquidity pool news like this can cause extreme volatility. Should be a wild few months!

The whole issue was about licensing and not bitcoin being illegal,Once they sorted it all and exchanges are given the license to operate, This will inadvertently make the price of bitcoin jump again once this whole mess is eventually sorted out.

This news somehow comforts me inspite on having this all the pressure we are not experiencing as of now.All the news of negativity on bitcoins price.Atlast this news shows some light and just as presumed they do ban ICO but they would comeback again but on a regulated return which we can say that this is the best time to buy more cheaper coins.

This is good news, now it's time to buy some alcoin and bitcoin because china will come again. But I do not think we can say that it will reach the highest price we get this month.

this is really good news. yesterday was a very waste of energy. Chinese rumors are so strong and hit bitcoin.
but now it has been normal again. I think bitcoin will be pumped

Looks like the price is starting increase back again and i think the price can be increase more soon get back to 4k value sooner.
So what are you waiting for don't lose opportunity to buy well i buy bitcoins back again even i sold my bitcoin when the price was $3200 i still buy bitcoins more just to make profit sooner after the price was increase back to 4k value..

Prices are backing up already.
Thanks for letting us know!

let's buy it now, because it's time we buy bitcoin

So basically China enacts new anti-BTC laws.  Then quickly modifies those regulations in a pro-BTC way.

Hmmm...

https://memegenerator.net/img/instances/500x/80401717/china-can-i-haz-less-bipolar-btc-regulation.jpg

Again today many news in CoinDesk which speaks positive side and mass adoption corporates and Japan mining implementation worth some million USD. Now Chinese news about licensing issue resolved. Buyers who bought already will make huge profit by the way.

Ah this is great news and it has had an affect on the market probably. Bitcoin and others seems to be in the positive now.

That explains why the market actually recovered in less than 6 hours. Rumors sure is scary in its' own way!

I think they had taken a serious move for them to let the exchanges to voluntarily shut down in order for them to follow the regulations of their government. This is somehow not surprising since they were very strict when talking about business. Those who bought at the dip will surely gonna get a better profit at the right time.

It doesn't matter what anyone or any country does at this point, even China. It really doesn't the bottom line is the market cap of Bitcoin is getting to big for anyone person or company to affect it that much and this is why what really matters is our own individual efforts to promote and share Bitcoin not this news.

Great news. I already invested a little money these days.

This is what is expected from China,the FUD news surround the fuzz will be gone pretty soon and the markets will recover,if they have any plans to ban bitcoin in the first place they could have done that earlier when they banned exchanges because of the inflation they are creating in the market as they initially did not have any fees and now they are making it strict for them to have a regulators license and these are all positive things for the future.

One, none of the exchanges have mentioned about them reopening the trades if they have then I am a bit outdated with it, and all the bull shit about China banning exchanges and JP Morgan playing a trick at the same time to manipulate the market in their terms has caused bitcoin and altcoins fluctuate on a large scale and this made people panic like it always has, so if something like this happens next time, people are going to do the same and the prices are going to get affected.

cryptocurrency never will be stable it's can be as axiom and I think no need take all what says on this forum like 100%  pure truth

The bitcoin is the key of the success for a lot of people are investing in bitcoin and this news made me happy because it is making more space for the profit the bitcoin currency is the source of income. Bitcoin currency is the opportunity for the people of all countries it will make them the source of making the country’s economical condition better.

We can stay above $3000 without intervention of the chinese markets as we have seen in the past hours. I no longer worry about if china re-enters the market or not, stop worrying and it will be okay. If we can solidly stay above $3000 without chinese money buying, it proves china as a whole was overrated. This has ended up strengthening bitcoin because governments have seen that in a post-ban scenario the price recovers once again. Now we need to hit ATH to put a nail in the coffin of the government banning ideas.

Well this is a welcome news, but for me the good news was that knowing market share went down of china and now they hold hardly 10% of the coins. So basically China created this mess to first get the prices lower, then bring the exchanges under regulations and earn tax on it, like how Japan is doing but I do hope they don't get a big market share again, it's a pain if they are in control. But I hope this news cheers the Bitcoin community.

Since we maintain about $3000 given of what is happenning in china, and now that the chinese fix and regulates their exchanges, we can now assumed that the price of bitcoin would get high and will reach $6000 dollars this year. This is a good investment oppprtunity for every one specially small time traders.

I think that China's ban is temporary in order to regulate prices and soon they will again allow bitcoin. it is simply unprofitable for them to remain without such advantages.

yeah ive heard about this topic, i think most of the exchange in china is must to have a licenses to continue operate their exchange platform, china implement a new regulation for some exchange to be legal operate their platform soon for those who have been closed recently. and good to hear if they will be back again.

Which probably means that every exchange will be able to purchase licenses soon.

Do you mean you only have to pay to obtain the license? Or is the purchase part because of corruption?

What are the rules for the new licenses that will be required for Bitcoin exchanges on China?  

It is good news for us, I think I will really earn more bitcoin for me to have a good amount of bitcoin in the future. All of us bitcoiners will not over think of our bitcoin price. I think bitcoin will really recover soon.

Ohhh...That's great news. After long time I feel very well now. Now I buy some coin and hold it for better profit. ;)

Hope that this time all will be good news while completing their licences. The news was really an upset making all panic selling their bitcoins. Expect a moon by the end of the year. Cheers

If you purchased bitcoin before the exchanges have availed of their license you can still buy bitcoin at a lower value. And when the exchanges have finally complied all the licenses to continue their operation the value of bitcoin will skyrocket once again. Thus it is profitable of we take advantage of this moment and buy more bitcoin and sell it later when the price have skyrocket.

This a really good news. This will clear all the FUDs and once that happened bitcoin will be stable and people won't do panic selling. And once those markets are back or probably right after they are gone bitcoin could jump up on price again so if you have some extra money to spend try buying some coins.

Whether this is true or not i think it would still be best to buy bitcoins and other altcoins if you do have the money for it.
Because i believe one day the prices of cryptocurrencies will surpass its previous all time high.
So why wait for the time when everybody else is buying too, why not do it now while the price is still low.

Again, is this legit?. If yes, then the 'ban' is not an actually banning exchanges but closing down those exchanges who doesn't have any licenses?. Ohh, i do now get it. Chinese Government is really working hard to regulation cryptpcurrencies on their country to prevent threat to their own monetary policies and activities.

That's seems a good news. And value of bitcoin is likely to grow up again. NO more Rumours please. Rumours hit bitcoin market so hard. But bitcoin is strong enough to gain its position back.And there is a new opportunity for new traders to enter the market now. Happy trading all.

Finally things get better now. It is for those who are patient that this will not be detrimental. In fact, those who had bought bitcoin at the price of 3000 $ it will get big profits. China has changed everything right now.

Thanks for sharing this info! Going to buy now.

I think its time to buy now but one need to still be very careful at the same time.

This a good news for Bitcoin lover , i hope in future , china goverment will make Bitcoin Legal again  :)

Er, no. It means they're going to close and stay closed. There's been no mention of licensing or any interest in ensuring the survival of any exchange in China. The only fact shared is that they have to close. The reopening bit is pure conjecture and bollocks to boot.