I thin kthis month china become a trending topic on this forum. You should be happy, because you dont need any further steps to get rid of china, they have removed themselves from this bussines. But for the impact for this, you'll not seeing a $5k in near month, because chinese are doing a massive sell with their crypto.
We don't want to see $5k if it merely an inflated bullshit that also comes with -$1k in a day. This is the 'Chinese $5k'. We don't need that kind of $5k. We need a good honest solid $5k - that won't disappear into the wind whenever Xi Jinping farts. If it doesn't come next week, I'll be fine with that. I'd rather wait for the real $5k to come a little later than take the early $5K with all the damn Chinese FUD and instability. |
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This is pretty much the whole story right here... " NIFA official Li Lihui told a technology conference in Shanghai on Friday that a goal of China’s monetary regulation is to ensure that “the source and destination of every piece of money can be tracked.” " Bitcoin is the mortal enemy of ' tracking'. Therefore China is going to continue to assault Bitcoin from every angle. You can be sure of that. |
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China has an economy that can blossom anytime
Chinese economy only works because of currency devaluation. It makes their products very cheap everywhere. Bitcoin prevents the Chinese government from continuing this currency manipulation scam. So, the government has to get rid of Bitcoin. And they did. Bye bye! China! They have manipulated bitcoin price by dumping
That's how they took over the steel industry! by creating fake trade volumes.
They fucking cheat at everything. Cheating is in their blood. |
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China has brought nothing but problems and great shame to Bitcoin. What more can we do to protect Bitcoin further from the ills of China and their bad behaviors? It is good that their exchanges are all now going to be shut completely. It is good that we will break up their mining monopolies which ruined decentralization as intended by Satoshi. But are are the further steps we can take to get rid of Chinese completely?
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Let China trader quit from our crypto world. We dont need them anymore and we dont talk anymore
We should ask Thermous to lock this forum: https://bitcointalk.org/index.php?board=30.0 Chinese government will not want people using this any longer. |
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Bitcoin ban in China is impossible to happen
In the end i think China is the loser.
It already happened. Don't believe me, just ask Bobby Lee. This is serious shit when they kill the exchanges. That is as close to 'a ban' as you can get. Just because they havn't removed every node from China territory yet, don't think the ban is not done. It is done. Me for one, I am glad the Chinese are gone. We didn't need them anyway and they contributed nothing but FUD and problems to bitcoin. I wish we could find a way to kick them off the Internet too. |
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man many guys are making this mistakes sry for your loss man. Dumb people deserve to lose their money. It is that simple. Bitcoin is not compatible with stupidity. In about 10 years, the infrastructure will include all the protections for idiots. Today however, Bitcoin is not yet idiot proof. So idiots are in jeopardy for a while longer. |
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100% right. Bitcoin as BTC (Core/Segwitcoin) is a complete tulip bubble with its lack of utility.
Bitcoin Cash on the other hand is not in a bubble and will grow from here as txs are allowed to freely increase exponentially.
I wouldn't say 'Bitcoin Cash' around here. They will ban you for that. It is considered high treason on this forum to say anything at all about 'that chain'. |
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China is not banning bitcoin.
Wrong. China is banning Bitcoin. They are launching a full war on Bitcoin. Stopping the ICOs and closing the exchanges is in effect 'banning Bitcoin'. |
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Can someone explain to me why china is trying to ban bitcoin.?
China enslaves her remarkable labor force with many powerful monetary tools such as currency devaluation. This means the people in Chinese government can capture huge wealth while the common chinese worker makes products that are competitively priced all over the world. Bitcoin allows rich factory owners to to keep the money instead of giving it to the government in a maneuver called 'capital flight'. Don't worry. This is GOOD for bitcoin. Not good for the short term price of Bitcoin, but good for Bitcoin. Bitcoin was created for this very reason. Bitcoin was created to prevent governments from controlling (just a nice way of saying 'stealing') other people's money. Bitcoin will really shine when it proves that a powerful government like China can't prevent people from exchanging value as peer to peer. The whole fucking reason we have Bitcoin - is now being put to a real test for the first time. This is totally perfect. This is Bitcoin V. China. We are about to find out whether Bitcoin can be controlled by a governement or rather if Bitcoin is actually successful in its primary mission. Who could be upset by that? It is the greatest thing that could ever happen to Bitcoin. I hope the fight gets fierce and nasty. I hope it goes hard and heavy to the wire. I want the test to be complete. If China backs up and takes a soft path, we will never know the true strength and nature of Bitcoin. The test is on! I hope it is a good one. Is the BTC still expected to fall?
Who cares? Only short thinking profit mongers give a damn about that. Why would you be interested in a few bucks this week rather than the entire reason for being of Bitcoin? How fucking dumb can you possibly be? |
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I think you got some valid point here,
I think you will pretty much find it universally accepted around here that RawDog always has a point. Usually it is a good point. |
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So BTCC and ViaBTC https://twitter.com/ViaBTC/status/908576610059776000 are officially closing. All the others will too in the next week. But guess what?! Bitcoin is not banned in China!!! Not at all. We will soon learn about NEW bitcoin exchanges in China. In about 1 or two weeks, the major banks and maybe even the PBOC will open their own 'licensed' bitcoin exchanges. This is just how the Chinese government fucks the original guy who made exchanges profitable and takes over. First, make their life miserable until they quit, then make the laws more friendly for the new banks (who are owned by the cousins of the govmt officials). Bye, bye Bobbie Lee! Time to get out of China and let the governor's cousin take over for you. Corrupt as fuck!!! Wow. I got a message from someone who lives in China and he claimed that China never banned ICO completely, that it was just temporary. I never believed him, cause lots of siteswere already carrying the news all over the web. Now here’s an all different info I’m getting. Well, we shall see. Trust me, there will be new and wonderful exchanges ready to replace those kicked out 'without licenses'. The new ones will have this 'license' given by the state in the name of 'safety and regulation' and these will be owned by friends of the state rather than entrepreneurs like Bobby Lee who built the system in the first place. It is simple theft. Chinese are very good a stealing shit from the original creator. |
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I'm more concerned that other countries might follow suit just because. But yeah, China bans everything anyway. Bitcoin value should be at least a tiny bit more stable with them out of the picture. Getting rid of China is like getting rid of that big shit I did this morning. I feel much better now. I am glad the little fuckers banned themselves. |
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We can still survive without China
Bitcoin is far better without those scared little rats running for the exit every time another news story breaks. Like cockroaches when you turn on the lights in the kitchen. They scurry away so fast. |
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The Chinese people have spoken and they are saying that they don't want bitcoin exchanges.
Trust me, 1 Billion Chinese cannot be stopped by any government or organization.
The Chinese horde will get what they want, and they obviously want this becaue they know that they are an unstoppable force that nothing can stop.
wtf? PBOC and Shee PingPong makes those 1.5B people bow no matter what they want. I don't know what you are talking about. |
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It is all coming back now. You are too late to get back in. That's what is called 'being left behind'.
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If you don't pay high fee for your transactions, wait 2/3 days for confirm. Shame on you miners!
The miners want 2x. Shame on the assholes at Core. Shame on Adam Back, nullc, and all of the Blockstream dicks. |
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So BTCC and ViaBTC https://twitter.com/ViaBTC/status/908576610059776000 are officially closing. All the others will too in the next week. But guess what?! Bitcoin is not banned in China!!! Not at all. We will soon learn about NEW bitcoin exchanges in China. In about 1 or two weeks, the major banks and maybe even the PBOC will open their own 'licensed' bitcoin exchanges. This is just how the Chinese government fucks the original guy who made exchanges profitable and takes over. First, make their life miserable until they quit, then make the laws more friendly for the new banks (who are owned by the cousins of the govmt officials). Bye, bye Bobbie Lee! Time to get out of China and let the governor's cousin take over for you. Corrupt as fuck!!! |
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Since yesterday Lost more than $2000+ and I couldn't carry this any more. I had 1.22 BTC and exchanged to Perfect Money now.
Dear Mister Weakhands, what is this new perfect money you have been talking about? Ethereum. Everyone knows that. |
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