|
This is a good news. Right now they are only exploring the possibility.
We are waiting for institutional investors to join the party. Once they join, the price will be bidded up.
|
|
|
|
|
Banning ICOs for good would be bad, but if the ban is only temporary and they come back with appropriate regulation to help stablize the crypos space, then the ban is a good thing. I think that is what each of the countries which already banned or will be banning ICOs is planning to do.
|
|
|
|
Back up $4,200 I'm betting 5k in under 4 weeks  even with the Chinese ban it means nothing, Chinese trading bitcoin won't stop they will just find an alternative route.. if any one can they can i am hopeful that after 30 September we will see a rapid increase in the price of bitcoin and may the price of bitcoin rach to 5000$ in next few days, and ever after that the price of bitcoin will continue increasing and will hopefully reach to a very high price may be it will also cover 7000$ at the end of 2017, because people are still too much interest to buy bitcoin which is causing the price of bitcoin to increase. What's going to happen on 9/30? Sounds like something good is going to happen. |
|
|
|
|
I think banning the ICOs till governments can come up with regulation to minimize the scams is a good thing. The end result, hopefully, will help to stablize the crytos economy.
|
|
|
|
We do not know the future as long as I know what will be the steps of bitcoins now will happen to her future. Because of the good bitcoins happening today I see that it has a positive future, The only problem is that the transaction fees are increasing with the rise of bitcoins. But I know it will be resolved in november where there will be a bit of improvement in bitcoins.
I might be wrong, but the potential "November" event you mentioned might be the Segwit2X which the Bitcoin Core team against because it would cause a hard fork. To take care of the transaction scaling issue for good, Lightning Network (LN) or other type of improvement besides just to increase the block size needs to be implemented. From my understanding, the recent Segwit implementation laid out the fundation needed for LN. I am really looking forward to see its implementation. If LN is lanuched successfully and does what people expected it to do, Bitcoin will serve what it supposed to serve as a currency and will gain its global acceptacy significantly. |
|
|
|
|
If Bitcoin can survive for at least the next 20 years and if its price (currently at $4190) can grow at an average of 32% per year, it would reach $1M in 2037.
|
|
|
|
We should buy bitcoins as many as we can because we can have many profit if we hold it for a long time.
That is the plan. Bitcoin is better for long term investment. I am holding them for at least 10 years. |
|
|
|
I just read an article which talks about bitcoin prices to reach 100k dollars levels by 2018. Hence we need to ignore all the drama in between time periods.
Agree. I am in for the long term. If one has enough faith in Bitcoin that one day it will reach to some target price, then one will ignore all these drama. Just hodl. |
|
|
|
I will withdraw it and push it to paper wallets. < I hide these paper wallets where the governments cannot get to them >
I am wondering how to push it to paper wallets from exchanges. Anyone know? |
|
|
|
|
The ban will not be forever. I think the main reasons for the ban are to protect Chinese investors losing money on potential bad quality ICOs and to control the money from going out of China without the "proper" channels that the government allows (mainly for taxation control). The government thinks that the ban is a quick fix before they can come up with appropriate regulation.
|
|
|
|
|
Yes. After they investigated the ICOs situation, they will probably revert it.
I am wondering if the online wallets are available regardless of which country one is in.
|
|
|
|
The best option for the Chinese is to dump 100% of their blockchain assets into the hands of us westerners at these depresssed prices. This will help the facilitation of global wealth from east to west where it belongs.
LOL. That would definitely reduce the price volatility. However, I was addressing to what Chinese investors could do to maintain their crytpos investment. |
|
|
|
|
I am wondering what type of options do the Chinese bitcoins holders have from the ban?
Most people would just sell their bitcoins before the exchanges closed and cause the price to drop, however, if they can move their coins to a wallet, then it would be a different story.
I know people can move their coins to their own wallets, but that is if the exchanges can provide them with the private keys and if they are proficient enough to manage their own wallets.
Another option which I can think of is to move their coins to an online wallet service such as Exodus or Xapo. This is probably the easiest option. Does anyone know if these wallets are restricted by countries? Would Chinese bitcoins holders be able to move their coins to these wallets?
|
|
|
|
|
Given that the China government is banning their Bitcoins exhanges right now, how would that affect the Chinese card holders? The card holders would need to move their cryptocurrencies to a wallets not banned (or has no control) by the China government?
|
|
|
|
I'm buying slowly now that it has dipped! buying < 3200 usd looks good
Any guesses how low it will go?
Some said that if it breaks (goes under) the support of 2800, it may go down to 1800. This is just from someone's simple technical analysis on the price (not from a professional - so it should not be taken serious). |
|
|
|
Is that a problem? .1BTC is a good number. You know every satoshi counts right? and that is 10 million of it.
Funny thing is when people are getting more of bitcoin is they think they are on top.
Every little investment is valuable to the bitcoin world. Even if they are holding a little but there are many of them. Or you just want 21 people to own bitcoin with 1 million each?
Isn't that going to be sad.
If each satoshi worth a penny, then 1BTC would be worth $1M. I am hoping that to happen before I died. Assuming the world population is 10B at that time (now is 7.5B) then, on average, everyone can get 210,000 satoshi. There are enough bitcoins to go around. |
|
|
|
|
Chinese government is banning the exchanges to protect the Chinese people from investing in some shabby ICOs and losing their money. They will use this banning period to investigate potential ICOs scams and, perhaps, come out with some regulations. I believe the ban is only temporary as banning the exchanges will not be good for their reputation needed to become a major player in the financial market.
Once the sell off in China is over, people will take the opportunity of the low price and start to buy in. The price will recover partially. Over time, the price will gain back - probably higher than its prior peak.
Just my opinions.
|
|
|
|
|
Bitcoin poses more threat to the US dollar than to other fiat currencies as the US dollar is more commonly used in the world. The main reason why China is banning Bitcoin exchanges is to protect its people from losing their money on some shabby ICOs, but banning the exchanges is overkilled and totally unnecessary.
While other countries are attempting to get into the Bitcoin mining business, Chinese government is depressing it. Bitcoin mining brings good business to the Chinese community (in hardware sales and mining profit), but with the Bticoin exchanges banned, the business opportunity is depleted.
Hopefully, the ban will be temporary and short. They did ban Bitcoin once (for 4 months?). When the ban is over, the price will recover again. From the historic record, Bitcoin is strong and can withstand all these obstractions.
I am wonderinig if it is just one exchange banned or there will be more.
|
|
|
|
|
Show Posts
