China to Shut Bitcoin Exchanges - winter is coming

[KramOlegna]

If you have faith in bitcoin, you shouldn't have to worry much if there is a bad or good news in crypto.

[Cimmy_revenger]

Individuals all over the world are starting to use cryptocurrencies for small every day transactions ,

Two U.S. congressional representatives have introduced a bill that would reduce bitcoin tax reporting requirements. If the bill is signed into law, U.S. bitcoin users would no longer have to report transactions worth less than $600.

Maybe China Will be imitating what the United States does.

[reliable]

If you have faith in bitcoin, you shouldn't have to worry much if there is a bad or good news in crypto.

Only thing we need to worry is that what if other countries follow China's decisions. We have seen how the ban of ICO has resulted in the drop in prices . To an extent it will fall of Chona ban Bitcoin itaelf but it could also lead other countries to think about it and how they react to this will depend where the prices of the coin will move .

[phr0stbyt3]

I don't think any more exchanges are going to be shut because september is almost half way and closing down a exchange in a short notice is impossible most likely only few major exchanges will be shut until they bring some regulation or whatever they are planning to do in the future

[laravuemaster]

There is no need to worry guys i just read the news from china that they will legalize the bitcoins in their country, Another thing is that if you will notice the value of bitcoins in the market is slightly rising again.

[sweetbet]

Bitcoin will go on with or without China. Nothing can stop it

[makishart]

There is no need to worry guys i just read the news from china that they will legalize the bitcoins in their country, Another thing is that if you will notice the value of bitcoins in the market is slightly rising again.

From what I've heard, they didn't legalize bitcoin just as yet but tighten the rules about bitcoin, the closing down of some exchanges also because they're not capable or didn't qualify to be licensed exchange in China
but now, winter has changed to summer, the bitcoin price is now recovering and above $4k, this closing down of many exchanges actually bring good impact, also the regulation released by china means they recognise bitcoin so it's good.

[adiksau0414]

I just read that news.  In my opinion, even If china regularized the use of bitcoins, many other big and progressive country still using bitcoins. Maybe there's a slight effect but still bitcoins will soar up high again

[Weawant]

There is no need to worry guys i just read the news from china that they will legalize the bitcoins in their country, Another thing is that if you will notice the value of bitcoins in the market is slightly rising again.

From what I've heard, they didn't legalize bitcoin just as yet but tighten the rules about bitcoin, the closing down of some exchanges also because they're not capable or didn't qualify to be licensed exchange in China
but now, winter has changed to summer, the bitcoin price is now recovering and above $4k, this closing down of many exchanges actually bring good impact, also the regulation released by china means they recognise bitcoin so it's good.

The price recovery of bitcoin is so good right now and this one seems pretty strong enough to get back again to 4k$ at piece so no wonder this winter could bring heat minded into cool and bitcoins by this time will come up and regain back its natural price level. And we should hold more and with for further pump let see how things would go for it when october will come.

[umbara ardian]

it's like rumor news. although that happens of course this is not the end of bitcoin, this is not bad news for bitcoin.china only part..but full of some countries willing to open exchange with bitcoin you see bitcoin now still sturdy and standing upright above 4000 $ .so so this news is not something to be afraid of.

[777Bitcoin]

just see this article on the wall street journal
https://www.wsj.com/articles/china-to-shut-bitcoin-exchanges-sources-1505100862
  is this bad for us

The news only supposed to hurt those who are emotionally inclined to there lost profit even though it can be prevented only if patience is presence. It is bad to bitcoin but on temporary only while other or most investors are waiting for this the whole time. It does more good than bad at the end as we saw how bitcoin become stronger and stronger every time.

[Kyotric]

You people have too much faith in Bitcoin. It can crash and burn, maybe it won't be destroyed completely but I would like to see how many real 'hodlers' there are when the price crashes 80%.

[CASPER_TEAM]

All Chinese regulators want - is what stock exchange will have a license, like classic one

[bitcoindev2014]

what is the site address ?

[alan2here]

it's like rumor news. although that happens of course this is not the end of bitcoin, this is not bad news for bitcoin.china only part..but full of some countries willing to open exchange with bitcoin you see bitcoin now still sturdy and standing upright above 4000 $ .so so this news is not something to be afraid of.

I agree with you . China tried to make untrue rumors to bring the market into crisis but they failed. I think the Chinese are very smart because they hit the psychology of the investors very well and surely those who do not keep calm will surely fail.